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Cup And Handle

Sensex - Weekly expiry day analysis Jan 8The price moved in a descending channel, and today the price consolidated in a narrow range. This movement gave the move above the channel. This can give a pullback or upward move. The patterns seen in the chart are 1. Rounding bottom 2. Descending channel Buy above 84900 with the stop loss of 84780 for the targets 85020, 85180, 85300, 85460 and 85600. Sell below 84640 with the stop loss of 84780 for the targets 84520, 84400, 84260, 84140 and 84040. Always do your analysis before taking any trade.
BSE:SENSEX
by vanathi
2
Northern Arc Capital | Daily Chart | Consolidation Price is consolidating between ₹250–270 after a strong recovery, indicating absorption near resistance rather than weakness. 🔹 Resistance: ₹270–275 🔹 Support: ₹250–255 🔹 Structure: Falling channel / flag after upmove 🔹 EMA Zone: Price holding near EMAs → volatility compression 👉 Sustained breakout above ₹275 with volume can trigger the next leg towards ₹300+. 👉 Breakdown below ₹245 will weaken the bullish structure.
NSE:NORTHARC
by yatharthshah23
Sensex - Weekly review Jan 5 to Jan 9The price sustained above the 85400 zone and gave a good movement. Nearby resistance is at 86150. The price is bullish as long as it sustains 85400. If the price opens flat, buy above 85700 with the stop loss of 85500 for the targets 85840, 85980, 86120, 86240, 86360, 86520, 86700 and 86820. As per the daily chart, the price is forming a rounding bottom pattern, which is bullish. If the price opens gap down and shows bullish strength, buy above 85500 with the stop loss of 85340 for the targets 85620, 85740, 85840, 85980, 86120, 86240, 86360, 86520, 86700 and 86820. Sell below 85260 with the stop loss of 85400 for the targets 85120, 85020, 84860, 84700, 84560, 84400 and 84240. Always do your analysis before taking any trade.
BSE:SENSEX
by vanathi
2
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
2
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
Inverted Cup and Handle Market Structure🔎 Overview The Inverted Cup and Handle is a price structure that reflects gradual exhaustion after an upward phase, followed by a weak recovery. The pattern highlights a shift from strength to balance and then potential continuation in the direction of the prior decline. It is best viewed as a structure-based setup rather than a prediction tool. ------------------------------------------------------------ 📘 Concept The pattern begins with a rounded top (the inverted cup), where buying pressure slowly fades and distribution takes place. After the decline from the cup , price attempts a recovery but forms a small upward-sloping channel (the handle). This recovery is corrective in nature and typically lacks strength, signaling hesitation rather than reversal. ------------------------------------------------------------ 🧭 How to Use • Validation → Successive candle closes below the lower boundary of the handle confirm the pattern. • Devalidation → Candle closes above the upper boundary of the handle invalidate the structure and negate the setup. ------------------------------------------------------------ 📊 Chart Explanation 1️⃣ Inverted Cup Formation Price forms a rounded top as buying pressure gradually weakens, indicating distribution instead of aggressive selling. 2️⃣ Decline from the Cup Once price fails to hold higher levels, momentum shifts and price moves away from the rounded structure. 3️⃣ Handle Formation Price rebounds into a shallow upward channel. This move is weak and corrective, showing limited participation. 4️⃣ Compression Inside the Handle Candles tighten within the handle, reflecting reduced volatility and short-term balance. 5️⃣ Structural Confirmation A decisive close below the handle boundary signals the end of consolidation and confirms continuation of the prior move. ------------------------------------------------------------ 👀 Observation • Rounded tops often develop slowly and require patience. • The handle phase represents hesitation, not strength. • Best clarity comes from waiting for candle-close confirmation rather than early anticipation. ------------------------------------------------------------ 📝 Summary • Rounded top shows fading buying pressure • Handle reflects weak, corrective recovery • Compression signals indecision • Validation occurs only after boundary acceptance ------------------------------------------------------------ ⚠️ Disclaimer 📘 For educational purposes only. 🙅 Not SEBI registered. ❌ Not a buy/sell recommendation. 🧠 Purely a learning resource. 📊 Not Financial Advice.
Education
by MarketAlgoBot
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
5
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