Bowl pattern breakout
Chaman Lal Setia Exports Limited (CLSE) was incorporated in Amritsar, Punjab in 1994 by Mr. Chaman Lal Setia and his sons. It’s one of the oldest Rice Millers cum Exporters of Basmati rice of all varieties from India.
The company is engaged in the business of milling and processing basmati rice. The company has been involved in export operations since 1982 and was recognized as an export house by the Ministry of Commerce in 1989, at present the company is a Star Export House.
Why this stock at trending reason below
Why is there a rice shortage? Bad weather in rice-producing regions around the world led to a drop in rice production in 2022. In 2022, parts of China known for producing rice were hit by devastating flash floods. At the same time, different parts of China that also produce rice were impacted by severe drought.
1000cr+ market cap company
PE ratio 9.03 industrial PE 39.9 (low PE value)
20+ both ROE & ROCE
EPS 22.8
Debt to equity ratio 0.2
PEG RATIO 0.38
Quick ratio 1.65
Current ratio 4.27
Fundamental is strong
Technical analysis
Life time high level treading
2year required complete Bowl pattern and breakout at level 150-155 level sentimental resistance of 150 breakout out now create one Bowl at level of 200 breakout locking take new high of 280+ keeping stop loss of 160 below get target of 280+
Handle
🔥 Bitcoin Bullish Cup & Handle Pattern: Wait For Confirmation!BTC saw two huge bearish and bullish moves over the last two days. This morning, BTC found resistance around the most recent local top around 27.5k and corrected downwards.
Assuming that the most recent minor low of 26.4k is going to hold, a bullish cup & handle pattern will likely form on the chart. Keep in mind that this pattern has not yet been confirmed. It will be confirmed once the price will break through 27.5k, will will also activate the trade.
Target placed at the 2023 top area of 31k for a decent 2.9 risk-reward ratio.
🔥 Bitcoin Cup & Handle: Patience For Break Out ☕BTC has been forming a cup & handle pattern over the last couple of days. Note that the pattern is not finished yet, so we can't be certain whether it's really a cup & handle, but we can at least prepare for it.
I'm waiting for BTC to break through the top yellow resistance area. A break out through there will confirm the pattern and will likely result in a bullish break out.
31k is my short-term target. Patience is key.
XAUUSD TripleMonthly Technical AnalysisXAUUSD TripleMonthly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Cup and Handle, TrendLines - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
DX1! Weekly Technical AnalysisDX1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Cluster, Fibonacci, Pitchfork , Cup and Handle - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
OCEAN LONG (15min) Trend = Cup + HandleVIsual ENTRY / SL / Top TP provided on chart
numbers of $$$ check on the RIGHT SIDE of the graph
SOLUSDT/Cup with handle ideaHello Traders. Cup with Handle pattern is a well-known technical analysis pattern that can be used to identify potential buying opportunities. If you are considering this pattern, you might be looking for a potential target price of $84.
Of course, to play out, Bitcoin must correspond.
Bitcoin Potential Cup and Handle PatternCurrently shows cup pattern with the potential to form handle, once the handle pattern breaks upside could result in bullish uptrend.
The drawings are just to get an idea, as the price may not match 100% to it.
If you have any suggestions feel free to write in the comments below.
Thank you
#1INCH : Looking for a mid term profitable run.As many of as know $1Inch is one of the crypto projects which didn't show a real pump while many of the crypto space showed a good momentum by the new year. Technically speaking with a pumping RSI movement, a good volume momentum, a cup and handle pattern formation which basically is a bullish one, Super Guppy showing a reversal favor for bulls. If it can keep above the current resistance level both in the mid term and longer term fib levels this is going to work out really well.
Current Price : $0.52
Distribution Areas :
Target 1 : $0.68
Target 2 : $0.90
Target 3 : 13X to 15X minimum for long term hodl.
Disclaimer: The opinion expressed here is not an investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of #AbaNefsoBulls and its subsidiary community #CTE rather it is authored and complied by its founder. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
With Regards.
Nathnael B.
Are rabbits the new dogs ? LTRBT/USDThis has had a good week, and this being the year of the rabbit its got good meme potential right now. i think its possible we get some kind of cup and handle pattern forming at the previous high and then a big move up, its been around a while , i think it started out as spunk bunny or something and pumped on an Elon Musk tweet, since then theres been a migration and this is the first decent move its made since then, worth keeping an eye on and maybe try to snag a small bag if it makes a cup handle . really you'd want to see the handle stay in the top third of the cup
GOOG: Inverted Cup with Handle Google is playing out an inverted cup and handle with a conservative price target of $73-76. The price target should be lower, around $71.50, but I shaved a little off because there is some old support from the Jul-Oct 2020 period that should buoy the price, at least for a bit.
The daily EMA ribbon flipped bearish in April and since then a precipitous 38% downslide has ensued, the most recent retest of the daily EMA on Oct 24th yielded another crushing rejection. Price should be ready to run again to the downside as it recently slipped through a support/resistance line unrelated to the pattern around $89.40 and has since completed a pullback and been rejected.
XLM in Coming DaysXLM is in a Cup & Handle Right now Which means the Price will Be Increasing Soon. The Price will be Increasing as much as the Measured Price Movement ( AB=CD ) That means the Price will Reach around 0.1600$ Note: that we should wait for a break out to happen.
-XLM is in a Cup & Handle
-No break out
-( AB=CD )
-0.16$ is the Target
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Thank you for seeing idea .
Have a nice day and Good luck
Handling losses like a pro!Hey traders,
Ever wondered how some of the professional traders can lose tens of thousands of dollars and still not be phased? Well, today I am going to chat about how and why they have the ability to remain consistent and trust the process, and how you can do the same.
Enjoy!