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Cup And Handle

IndusInd Bank: Cup Formed, Handle ConsolidatingIndusInd Bank is forming a classic Cup & Handle continuation pattern , which aligns cleanly with a major-degree Elliott Wave structure , strengthening the bullish case. The prior advance established the primary bullish trend (Wave 1 / A) . The subsequent decline unfolded as a complex Wave 2 / B correction , expressed visually as the cup — a rounded, time-consuming base formed through a W–X–Y corrective structure . This phase allowed price to correct without breaking the broader trend, signalling accumulation rather than distribution. The recovery from the base completed the cup and transitioned into the handle , which is developing as a shallow consolidation above key Fibonacci supports . From an Elliott Wave perspective, this handle reflects a pause before expansion , not a reversal, keeping the larger bullish structure intact. With the handle holding above the 0.618–0.50 Fibonacci retracement zone (₹828.90–₹809.35) , the setup favors a major-degree Wave 3 / C advance , typically the strongest and most impulsive phase of a trend. Structure & Bias Pattern : Cup & Handle (Continuation) Elliott Wave alignment: Wave 1 / A: Prior impulsive advance Wave 2 / B: Complex correction forming the cup (W–X–Y) Wave 3 / C: Expected expansion leg post-breakout Bias : Bullish continuation Entry Strategy Early Entry (Aggressive): Channel breakout within the handle, followed by a successful retest — offers early exposure with higher volatility risk. Safer Entry (Conservative): Breakout above the major resistance near ₹892, followed by a retest — confirmation-based entry aligned with Wave 3 / C acceleration. Invalidation Sustained trade below ₹809 invalidates the Cup & Handle thesis and weakens the Wave 3 / C outlook. Bottom line: This is a Cup & Handle powered by Elliott Wave structure . As long as price holds above key Fibonacci support, the path of least resistance remains higher. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:INDUSINDBKLong
by WaveXplorer
Sensex - Expiry day analysis Dec 4The price fall in the morning session, found support at the 84800 zone and moved up, which created a rounding bottom pattern. The nearby support zones are 84800, 84500. The nearby resistance zone is at 85500. If the price opens gap down and finds support or shows bullish strength at the 84800 or 84500 zone, we can buy. If the price opens flat and shows bullish strength above 85000, buy above 85140 with the stop loss of 85000 for the targets 85280, 85420, 85600, 85720 and 85860. If the price faces resistance at 85000 or at 84800, then sell below 84760 with the stop loss of 84900 for the targets 84620, 84480, 84340, 84220, 84100 and 83960. The expected expiry day range is 84600 to 85400. Always do your analysis before taking any trade.
BSE:SENSEX
by vanathi
6
ADANIPORTS : Almost Cup and Handle Breakout Adaniports is near its cup and handle Breakout phase and also Near ATH as market... let's see how its perform from here.. All data is available in public domain.. CMP : 1516 SL : Below Daily 21 EMA Stock's selection based on 5 Point Analysis: 1: Idea : Cup and Handle Breakout. 2: Support : Volume, Delivery . 3: Technical : 21/55/200-EMA, Super trend up, RS>0 RSI. 4: Fundamental : PE, PAT, Industry & peer PE and sector performance. 5: Timing : Entry Timing on Daily chart. Disclaimer : It is my personal view as a trader and for educational purpose only. Equity market involves risk . Please consult your financial adviser before taking any decision. Disclosure : Holding
NSE:ADANIPORTSLong
by SthitaprajnaYogi
NIfty50 Analysis: Is it start of new bull run or a bull trap?Nifty50 Has given a cup& handle breakout and has already retested this breakout. Currently, it is hovering near ATH and already looks ready for a breakout. If this breakout sustains, we might see a good rally coming till budget(Feb'26) and levels to watch according to fib are 27500, 28150 & 29000. However, December is a favourite season for FIIs to offload money and a correction is historically seen during Christmas season. So, there is a high probability of a bull trap formation as well. 25300 will be a crucial support for Nifty. a breakdown of this level will be confirmation of bull trap and we might see a sharp fall towards 24000 level. I will suggest to keep a watch on Nifty price action if you have any swing trades open.
NSE:NIFTY
by chartistamey
Reliance - Multi time frame analysis...We are going to see the daily and weekly charts. It's beautiful to see how the patterns are aligning. The daily chart shows, the price has formed a rounding bottom, and right now it is testing the rounding bottom resistance/high. The weekly chart shows, the price is nearing the cup and handle pattern resistance, which is around the zone 1600. Support is at 1350. Any dip can be used as a buying opportunity as long as the price is above 1350. As per the daily chart, we can enter above 1520 with the stop loss of 1470 for the targets 1560, 1590, 1615, 1640, 1676 and 1712. If the price has enough bullish strength, it can test the 1800 and then the 2000 zone. Always do your analysis before taking any trade.
NSE:RELIANCELong
by vanathi
SAIL - Buy - Technical Analysis# Steel Authority of India Limited (SAIL) - Technical Analysis Report Current Price: 136.92 Timeframe: Weekly Chart Analysis Technical Setup Overview SAIL is presenting a compelling technical picture with multiple bullish indicators aligning for a potential significant upward move. The stock is currently trading within a well-defined rising wedge pattern and has recently formed a **Hidden Divergence** on the weekly chart - a classic trend continuation signal. Key Technical Observations Rising Wedge Pattern: The stock is trading within a rising wedge formation, which typically indicates consolidation before a breakout. The current price action suggests the stock is in the later stages of this pattern. Hidden Divergence - Bullish Continuation Signal: A **Hidden Divergence** has formed on the weekly timeframe. - This pattern typically signals trend continuation and suggests the uptrend is likely to resume with strength Sorted EMA Structure: The Exponential Moving Averages are properly aligned, indicating a healthy bullish trend structure with multiple moving averages providing dynamic support. Cup Formation in Progress: The stock appears to be carving out a **classic Cup pattern**, which is a well-known bullish continuation formation. This pattern suggests accumulation and potential for a significant breakout move. Price Targets & Projections Based on the technical structure, here are the potential price targets: Target 1: 155.61 (Higher High breakout level) Target 2: 169.15 Target 3: 195.79 These targets are derived from the pattern structure and represent key resistance zones where profit-taking may occur. Trading Strategy Considerations For Swing Traders: - Current levels offer a potential entry opportunity for medium to long-term positions - A move above ₹140 could confirm the continuation pattern - Stop loss can be placed below the recent higher low at 122 for risk management Risk Factors to Monitor - Failure to hold above ₹122 would invalidate the bullish hidden divergence - Breakdown below the rising wedge support would change the outlook - Sector performance and broader market conditions should be monitored - Steel industry fundamentals and commodity price trends 🔔 Conclusion SAIL is exhibiting strong technical characteristics with the Hidden Divergence pattern, sorted EMA structure, and cup formation all pointing toward potential upside. The current price action within the rising wedge presents an interesting risk-reward setup for traders and investors with appropriate risk management. DISCLAIMER This analysis is for educational and informational purposes only and should NOT be considered as investment advice or a recommendation to buy, sell, or hold any securities. - I am not a SEBI registered analyst or investment advisor - This is purely a technical analysis based on chart patterns and indicators - Past performance and technical patterns do not guarantee future results - Trading and investing in stocks involves substantial risk of loss - Always conduct your own research and due diligence before making any investment decisions - Consult with a qualified financial advisor before taking any investment positions - The author holds no responsibility for any profits or losses incurred based on this analysis - Risk management and position sizing are crucial - never invest more than you can afford to lose **Trade/Invest at your own risk. Do your own analysis.** #SAIL #SteelAuthorityOfIndia #StockMarket #TechnicalAnalysis #NSE #IndianStocks #ChartAnalysis #TradingView #StockTrading #HiddenDivergence #CupPattern #PriceAction #SwingTrading #Investing #MarketAnalysis #SteelSector #Commodities #TradingStrategy #ChartPatterns #TechnicalIndicators
NSE:SAILLong
by earnwhileulearn
Something is cooking big than patternNSE:NIFTY Nifty make continuously cup pattern smaller than previous cup . this is good sign for uptrend. but here also some negative points like all time resistance, negative pattern at all time resistance also another trend line resistance. global uncertainty here is big role. these are negative point. you think i make confusion right but only half. every analysis has two side 1. if analysis will right than we are ready for plan of action. 2. if analysis will wrong than we also ready for plan of action. So, be prepared for both side. Here is another 3 side if nifty make another cup 😅 hahahhaha
NSE:NIFTYLong
by Jatin109
Trader's Queries - Gold & Silver - A reviewI rarely publish ideas about gold, and this is the first time I am writing about silver. This is not about where to buy or sell. Idea is about the structure of the price action. Both gold and silver is forming a rounding bottom pattern. If it gives a breakout right away, then sustaining above these levels are crucial. For gold, 4378 - 4382 and for silver, 55.45 - 55.55. Rounding bottom low is at 3886 for gold, and even if there is a big fall, it should not go below 3876 - 3884 to be bullish. For silver 44.50 - 45.50 should hold. Since the price has given a strong trending movement already, give it some time to have a pullback, to find support, before taking any entry for investment. We can expect silver to test 65 to 66 and gold to test 4700 - 4800 in 2 to 3 years. Always do your analysis before taking any trade.
OANDA:XAGUSD
by vanathi