Cup and Handle pattern on weekly chart has formed and Breakout with high volume has occurred above the neckline. This stock has the potential to double in no time.
CORAL INDIA FIN has a CUP & HANDLE PATTERN in the Monthly chart with a GOOD VOLUME Weekly breakout & retest level of 60 If the sustains level moves up trade 1st target will be 90-106
This chart pattern is shaped like and resembles like a cup and handle that's why its named the same as cup and handle chart pattern. Shape: A “U” shaped bottom is preferred over a “V” shaped bottom as it indicates more consolidation. Ideally, the highs on either side of the cup should be equal. Duration of formation: The cup can take anywhere from 1 to 6...
1) Double Top, a Bearish reversal chart pattern It is a trend reversal chart pattern formed after good bullish price movement (a continuous upward price movement for a good duration) where the upward price movement loses its steam (formed a first top) and it retraces a bit (to neck line or mid point). Then again it moves in direction of original trend and...
Hey everyone! 👋 Today we are going to share an informative write-up about the “Cup and Handle” pattern along with a few exhibits that may help you solidify your understanding of this chart pattern. Please remember this is an educational post to help all of our members better understand concepts used in trading or investing. This in no way promotes a particular...
EFIUSDT is forming cup and handle in 4hr time frame. Let’s see how it is going to play out. INFORMATION ABOUT CUP AND HANDLE: 1. A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift. 2. A cup and handle is considered a bullish signal extending an uptrend,...
The above chart is that of a Weekly Timeframe. Here we can see that a Rounding Bottom is formed at the top of Reliance when it is trading at all time high. Why a Rounding Bottom is formed? A rounding bottom marks a struggle between buying demand and selling pressure that is almost equal. In the first part of the formation, the sellers overpower the buyers...
The above chart is the daily chart of Bharat Electronics . Here we can observe that the stock has formed a Cup and Handle Pattern. Now I shall elaborate in detail on how to trade the Cup and Handle Pattern with appropriate Trading strategy and Psychology. In the above chart, we can observe a stiff resistance at 160 levels for the stock. Hence it needs to be...
This made a bullish Cup & handle pattern. Wont miss this opportunity!!
A cup and handle chart may signal either a reversal pattern or a continuation pattern
Infoedge the owner of Zomato has been consolidating for 7 months. - The stock has formed a cup and handle formation - Cup pattern took 7 months & - Handle pattern took 1 month for the formation - The stock has given a breakout and moved out of the range with good volume. - Additionally, the stock is trading above 50 SMA. -Globally markets are choppy and...
Real Example Of breakout failure (Metropolis)
With India recording lower cases day by day and peak of 2nd wave left far behind, entertainment stocks like PVR can show some good uptrend in coming months.
cup with handle pattern formed in Gabriel India dally, chart. the stock price reached a heavy resistance level if the stock gives a breakout then its give a good moment for upside.
their is break out in oNGC for cup with handle patter for target price of 148 .
Coal India depicts a cup and handle breakout pattern in daily time frame. Disclaimer: This is meant only for education and also to track my own progress in learning TA. I neither recommend nor suggest anyone to take this trade.
Cup and handle pattern Airtel