07 Insightful approaches to learning cup & handle pattern ⭕ Price Action chart pattern similarity !!!⭕
Ranges candles shows the phase of accumulation or distribution It helps trader to track bearishness and bullishness of the chart, in this phase accumulation can be seen because of bull Bo.
There is so many ways to approach chart patterns, everyone has different approaches and different insights.
Some Examples of Cup & Handle pattern we have seen:-
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POST Your Findings in comment section any other stocks with some pattern you observed we can discuss as a community there !!! Happy To Learn here in TRADINGVIEW with charts
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ABBOTINDIA
ABBOTINDIA Premium Stock Ready to FlyHey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending Triangle Pattern in Daily TF.
* From Feb 2024 to Aug 2024 its in 2,000 Points range.
* From Feb 2024 to Aug 2024 Tested & Moving Near Resistance Many times.
* It's Near resistance Zone and trying to Break Resistance Zone with good volume.
* Volume Accumulation (Volume is Rising).
What is your view please comment it down and also boost the idea this help to motivate us. We are Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
ABBOTINDIA - Short term trade based on tightness in priceThe analysis is done on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
One should also look at its peers in Pharma sector for more opportunities -
check below charts -
#CIPLA
#STAR
#SANOFI
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
ABBOTINDIA : CUP & HANDLE PATTERNAs I mentioned earlier, Don't Miss to catch this fish. The stock is currently moving up , after completing CUP n HANDLE Patter and taking support @ 22345.00 . Those who missed this stock earlier, the stock is providing a good opportunity to them again. The stock is at support , and at CMP i.e. 22733 is right time to enter the trade. for primary target of 24717.00 and we may see a new high thereafter.
Currently this stock is with Low risk and high Reward and best stock to invest for the time being, with 20 EMA crossing over 50 EMA.
This post is only for education purpose. Kindly trade at your own risk.
Good Luck !!!
Abbott India Limited : DONT MISS TO CATCH THIS FISH !!!Abbott India Limited is an India-based company that is engaged in pharmaceuticals business , seems to be out of retracement phase now. It is retesting the Support line and may break the Triangle Pattern formed by Support and Retracement lines. The Chart is supported by two EMAs and RSI is also only 38.85 . Break out will give you targets of 21340.85 , 22395.65 and 23736.35 . Stop Loss is 19931.20.
Bingo !!! Hope we see breakout on 25.02.2023
Boost my analysis if you like this idea.
Abbott India LimitedABBOTINDIA:- Stock has given breakout by forming cup and handle pattern, keep on eye.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
#StockMarket #StockIdeas #StocktoWatch #StockToBuy #positionalABBOTT India Ltd
Stock corrected from its recent high and took multiple times support from old trendline.
And now at its old ATH resistance levels. And at good levels if breakout happens to enter.
Buy positionally above 18400 levels for min targets of 19100 in short term.
Also Abbott india is portfolio stock to hold for long term also.
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Note:
Above levels are for education purposes only
Do your own analysis before taking any trade
Use a strict trailing stop loss.
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Abbott India Chart Analysis !!📈 ABBOTT 📉
My Findings :-
1. Higher High and Higher Low Formation.
2. Breakout from a Swing High and Support Turned Resistance.
3. Close Above March 2022 High.
Bias- Long
Target- 19513, 20613, 22028 and 23201
SL- 16024
RR- 1: 2.5
All Important Supports and Resistances are drawn in chart. All levels are on closing basis.
Please have a look and revert back if you need some more study on it.
Disclaimer : Consult Your Financial Advisor Before Taking Any Decision On This Analysis.
Abbotindia bullish above 18470Abbotindia has seen a good healthy correction in last few days.
Took support on 61.8% fib, looks good moving up from here
RSI above 44 I consider it as bullish
MACD above the signal line.
Just above the 200 MA cluster
Buy above - 18470
Targets mentioned in the chart above.
SL below 200 ma, near 17700.
Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades that might have been rewarding.
Any comments and critiques will be appreciated even if it's of opposite view as a trader can also be right so many times.
ABBOTT INDIA- FLAG AND POLE AND ROUNDING BOTTOM BREAKOUTabbott india- rounding bottom & flag and pole breakout on monthly charts. cmp 20000.
immediate (1-3 mth) tgt of 23500 for rounding bottom pattern.
positional tgt 30000 for f&p pattern
keeps sl of 10% from ur buying levels as stop loss on daily closing basis.
stock good buy and hold purpose. avoid trading
Intraday Trade: resistance breakout and sustained buy above 16405 which is previous day high plus 5 points buffer
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.