HDFC is observed to form a rising wedge, a bullish breakout is expected. One can also observe a cup & handle formation starting from 2018-7-30 and ending on 2018-12-11. Please feel free to share any feedback, constructive criticism is encouraged.
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NSE:VEDL Hourly chart show Volatility Contraction pattern , Confirmation above completion of 3T.
The Stock is trading above important moving average, and it has given a BO after 4 months of consolidation along with possible cup and handle break out. Also the IT index is in the up-trend giving a positive signal for the stock.
Price action has to give rounding bottom break out or form a handle to become cup & handle pattern.
the baton of 5% upmove might now be passed to this stock now ! after a tough resistance been breached on weekly frame stage is set for big big move !
Trading "Cup and Handle" pattern is a two fold process. First a "Handle" can be traded as a corrective pattern and secondly as a continuation pattern (of the prior trend) after a breakout from the top of the "Cup." The handle part (right side) usually corrects about 25% to 38% (of depth of the Cup) from the high pivot point to the bottom of the Cup. After the...
need to watch result of airtel on 24 . and also track that on daily basis to trade this stock ..!
daawat( lt foods ) is fundamentally good and had just given a breakout today .. agree it may not sustain . but a good possibility of great upside has arised now!!!
Amamaraja now has a resistance at 200 EMA. It made a round bottom at Daily Time Frame Will Raja will conquer the resistance?. Once breaks it resistance we can initiate a long. Buy above 812 Target 1 : 821 Target 2 : 847 Target 3 : 904 CBSL (Strict) : 800
cup and handle pattern- The Cup with Handle is a bullish continuation chart pattern that marks a consolidation period followed by a breakout.It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. cup with handle is a chart pattern that has a well defined horizontal boundaries breakouts from chart pattern with horizontal...
PNB has recently given multi year breakout above 169 and also made 52 week highs. Stock is trading above all DMA's . With favorable policies coming from the government for the PSU banks related to bankruptcy codes, mergers etc , many of them can be good trading bets.
The Cup & Handle pattern is one the most common and favorite patterns among the traders. It is another time-tested pattern that has created valuable gains for traders and investors. It is known as a bullish continuation pattern and resembles the shape of a tea cup on a chart. Plot: First, it's important that there is an upward trend before the formation of the...