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Cup And Handle

Expand Energy Corporation Based on Rectangle Pattern 1. Pattern Analysis - Pattern: Rectangle Pattern - Timeframe: 2.8 Years - Description: Expand Energy Corporation has been trading within a well-defined Rectangle pattern, with horizontal resistance at $98 and support at $68. This prolonged consolidation phase represents a balance between buyers and sellers, with neither side dominating. The recent breakout above $98 signifies a potential end to this consolidation and the start of a new bullish trend. 2. Volume Analysis - During the Rectangle Formation: - Volume remained relatively low during the consolidation, which is a typical characteristic of Rectangle patterns. The lack of significant volume reflects reduced volatility as the stock traded within the defined range. - Breakout Confirmation: - A substantial increase in volume accompanied the breakout above $98, validating the bullish breakout. This surge in volume indicates strong buying interest and confirms the breakout’s reliability. 3. Price Action Analysis - Resistance Levels: - $98 served as the upper boundary of the Rectangle pattern. The recent breakout above this level suggests a bullish continuation. - Support Levels: - $68 represents the lower boundary and long-term support of the Rectangle pattern. - Intermediate support at $88, derived from the recent price action, is likely to act as a pullback zone if the price retraces. - Candlestick Behavior: - The breakout candle is a strong bullish candlestick with a long body, indicating decisive upward momentum. The absence of significant upper wicks suggests minimal selling pressure at the resistance. 4. Validation of Bullish Signal - The breakout above $98, accompanied by strong volume, confirms the bullish signal for the Rectangle pattern. This breakout indicates a shift in market dynamics, with buyers gaining control and pushing prices higher. 5. Target Setting - Target Projection: - The height of the Rectangle pattern is $98 - $68 = $30. - Adding this height to the breakout point gives a target of $98 + $30 = $128. - Incremental Targets: - Target 1: $110 (+12%) – A short-term target based on psychological resistance. - Target 2: $120 (+22%) – A medium-term level aligning with intermediate technical levels. - Target 3: $128 (+30%) – Full pattern projection. 6. Entry and Stop Loss - Entry Strategy: - Primary Entry: Above $98 following confirmation of the breakout with sustained volume. - Alternative Entry: On a pullback near $88 if the price consolidates before resuming its uptrend. - Stop Loss: - Place a stop loss at $88 to protect against a failed breakout. If the price falls below this level, it would invalidate the immediate bullish outlook. 7. Trade Setup Summary - Entry Levels: - Above $98 on breakout confirmation. - Near $88 on pullback support. - Targets: - Target 1: $110 (+12%). - Target 2: $120 (+22%). - Target 3: $128 (+30%). - Stop Loss: $88. 8. Final Notes The Rectangle pattern breakout on the weekly chart suggests a strong bullish move is underway. The alignment of technical breakout levels with a volume surge supports the reliability of the setup. Traders should monitor volume and price action closely to confirm the breakout’s sustainability. This trade setup offers a favorable risk/reward ratio with clear entry, exit, and stop-loss levels, making it suitable for medium- to long-term trading strategies.
NASDAQ:EXELong
by Mr_Chartist_
Has DOGSUSDT Finally Set the Stage for a Bullish Breakout?Yello, Paradisers! DOGSUSDT is showing some exciting signs of a potential bullish reversal, catching the attention of seasoned traders. But is it ready to deliver a strong move, or are we still waiting for more confirmation? Let’s dive in. 💎DOGSUSDT has broken out of a key resistance trendline, displayed a bullish Change of Character (CHoCH), and formed the classic cup-and-handle pattern—a combination that significantly increases the odds of an upward move. 💎A breakout and candle close above the resistance zone will validate the pattern and signal a higher probability of a bullish rally. But don’t stop there—watch BTC’s price action closely. DOGSUSDT’s potential depends heavily on BTC aligning with its bullish momentum. If BTC confirms, DOGSUSDT could deliver a significant move. 💎In case of a pullback, we could see a potential double-bottom pattern forming. The handle’s low in the cup-and-handle pattern might act as inducement in this scenario, but for a higher probability setup, wait for a bullish internal CHoCH (I-CHoCH) to confirm the reversal. 💎On the flip side, a breakdown and candle close below the support zone will invalidate this bullish setup. In that case, it’s smarter to step back and wait for more favorable price action to develop. Trade smart, Paradisers. Always have a plan for both sides of the market, and keep mastering your willpower—this alone sets you apart from most traders. 💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
EQT Corporation Based on Cup and Handle Pattern 1. Pattern Analysis - Pattern: Cup and Handle Pattern - Timeframe: 11 Years - Description: EQT Corporation has formed a long-term Cup and Handle pattern on the weekly chart. The "cup" is characterized by a rounded bottom spanning several years, reflecting a gradual recovery from a significant downtrend. The "handle" represents a consolidation phase near the resistance level at $48, where price volatility decreases as buyers and sellers contest this critical level. 2. Volume Analysis - Cup Formation: - During the cup's decline and recovery, volume declined significantly, confirming reduced selling pressure as the price bottomed. - Volume steadily increased as the stock recovered, indicating rising buying interest. - Handle Formation: - The handle formation has shown lower volume, which is a healthy sign of consolidation. A breakout above $48 with a spike in volume would validate this pattern. 3. Price Action Analysis - Key Resistance: $48 - This level marks the rim of the cup and serves as the critical breakout point. A sustained move above $48 with strong volume would signal the start of the next bullish leg. - Support Levels: - $36: The bottom of the handle, providing immediate support during consolidation. - $24: The midpoint of the rounded bottom, serving as a long-term support zone. - Candlestick Patterns: - Recent bullish candles show strong momentum, with higher highs and lows approaching the $48 resistance, indicating increased buying activity. 4. Validation of Bullish Signal - A breakout above $48 with significant volume will confirm the Cup and Handle pattern, indicating a continuation of the uptrend. The long-term timeframe and alignment with historical resistance strengthen the pattern's reliability. 5. Target Setting - Target Projection: - The height of the cup from the bottom to the resistance level is $48 - $12 = $36. - Adding the height to the breakout point gives a projected target of $48 + $36 = $84. - Incremental Targets: - Target 1: $60 (+25%) – A near-term level to watch post-breakout. - Target 2: $72 (+50%) – A medium-term target. - Target 3: $84 (+75%) – Long-term projection based on the full cup height. 6. Entry and Stop Loss - Entry Strategy: - Primary Entry: Above $48 after breakout confirmation with high volume. - Alternative Entry: On pullbacks to $36-$40 if the price retraces during consolidation. - Stop Loss: - Place a stop loss below $36, as a breakdown of this level would invalidate the handle formation. 7. Trade Setup Summary - Entry Levels: - Above $48 on breakout confirmation. - Near $36-$40 on pullback support. - Targets: - Target 1: $60 (+25%). - Target 2: $72 (+50%). - Target 3: $84 (+75%). - Stop Loss: $36. 8. Final Notes The Cup and Handle pattern on the weekly chart is a strong bullish setup, supported by an 11-year timeframe. A breakout above $48 with significant volume would confirm the pattern, signaling a high-probability move toward the projected targets. Traders should monitor volume during the breakout attempt, as increased activity will confirm buying strength. The alignment of historical resistance and the pattern's structure provides a favorable risk/reward ratio for medium- to long-term gains.
NYSE:EQTLong
by Mr_Chartist_
Will APEUSDT's Cup and Handle Propel It to New Heights?Yello Paradisers! Are you prepared to capitalize on the next big move in APEUSDT? Let’s break down the current setup and what it could mean for traders. 💎APEUSDT has recently taken the liquidity from the Fair Value Gap (FVG) and is now forming a textbook Cup & Handle pattern on a key support zone. This development significantly increases the probability of a bullish breakout. 💎If APEUSDT breaks out and closes a candle above the resistance zone, this will validate the Cup & Handle pattern, further increasing the chances of a strong bullish move. 💎A bounce from the support zone is likely. To strengthen our conviction, we recommend watching for a bullish Internal Change of Character (I-CHoCH) on lower timeframes. This would stack probabilities in our favor. 💎If the price breaks down and closes a candle below the support zone, this will invalidate our bullish thesis. In that scenario, patience is key—wait for clearer price action to form before making your next move. 🎖Remember, Paradisers, trading is a marathon, not a sprint. Keep refining your skills, focus on robust strategies, and never let emotions take the wheel. Long-term success is built on patience and discipline. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Essarshipping - C&H Breakout - Retest- Buy above 37Essar Shipping - made cup and handle break out on 3rd June with great volumes at 34 Rs. There after the stock went up to to 69 and now it retraced to its previous breakout point ie. 34. The current Results are excellent and makes perfect entry above 37 for targets of 50/70, with Stop loss of 33.50 Views valid only above 37. Essar Shipping quarterly results ending 30-Sep-2024 - Revenue at 247.97Cr vs 11.76Cr PBT at 639.12Cr vs -36.75Cr PAT at 642.14Cr vs -35.92Cr EBITDA at -6.48Cr vs -20.81Cr EBITDA Margin at -4.38% vs -491.96% EPS at 3.3 vs -1.58 Disclaimer : Not a recommendation. Please do your own due diligence
NSE:ESSARSHPNGLong
by jain_geetesh
DCAL - Potential C&H -Back in Profits. Buy above 215.DCAL is forming Cup & Handle Pattern. One can enter above 215 with target of 255/400/600/780, with Stop Loss of 171. Here's a summary of the key points for investors from Dishman Carbogen Amcis Limited's (DCAL) presentation for Q2 FY25: Financial Highlights 1. Revenue Growth: Net revenue for Q2 FY25 increased by 34.5% YoY to ₹7,890 million, driven by a boost in commercial sales, particularly in the CRAMS (Contract Research and Manufacturing Services) segment in Switzerland and India. 2. Profitability: EBITDA rose significantly to ₹1,485 million with a margin increase from 10.8% in Q2 FY24 to 18.8% in Q2 FY25, due to higher volumes and improved operating margins. 3. Cash Profit: Cash profit for Q2 FY25 stood at ₹1,055 million, almost doubling YoY. 4. Net Debt: The company reported a net debt of CHF 173 million as of September 2024. 5. Capex: H1 FY25 capital expenditure reached approximately USD 15.9 million. Operational Highlights 1. Revenue Mix: - CRAMS: Major contributor with 84% of total revenue. Sales grew 51.7% YoY, fueled by increased commercial sales. - NCE APIs & Intermediates: 6.2% share, with a 36.9% increase in revenue due to growth at the Bavla site in India. - Cholesterol & Vitamin D Analogues: Decline in sales by 35.7% due to lower margin realization in Cholesterol SF. - Quats & Generics: Decline due to reduced demand in the agrochemical sector. 2. Capacity Utilization: Focused on improving capacity utilization by targeting small to mid-sized global biotech companies and expanding in new geographies. Strategic Insights 1. Global Presence: Operations span Switzerland, the UK, France, Netherlands, India, and China, with 28 R&D labs and multi-purpose facilities. 2. Oncology Focus: Oncology, a high-growth therapeutic area, is a priority, with several late-phase oncology molecules in the pipeline. 3. HIPO Facility: The Bavla site in India houses Asia's largest high-potency API (HIPO) facility, positioning DCAL well for growth in oncology. Industry Overview - Specialty Medicines Growth: Specialty medicines, which include high-potency oncology drugs, are projected to grow significantly, with an expected 43% share in global pharma spending by 2028. - Oncology Market: Oncology is projected to grow at a CAGR of 14-17% through 2028, driven by new treatments and demand for potent drugs. Investment Considerations 2. ⁠1. Strong Revenue and Margin Growth: Consistent revenue growth with enhanced EBITDA margins, indicating improved operational efficiency. 2. Global Expansion & Diversification: Expanding into new geographies and targeting small/mid-size biotech clients mitigates risk and enhances revenue stability. 3. Oncology Focus and HIPO Facility: The HIPO capabilities in India align with the high-growth oncology sector, suggesting long-term growth potential in specialty pharma.
Editors' picks
NSE:DCALLong
by jain_geetesh
1
Bitcoin Strategy: Cup & Handle, Flag Pole, Parallel ChannelIf you're aiming to maximize gains using multiple setups across different timeframes, this strategy combines three powerful patterns: the Weekly Cup & Handle, Flag Pole, and Daily Parallel Channel. Here’s how to execute this structured approach for optimal entry, exit, and profit potential. Weekly Cup & Handle Timeframe: November 15, 2021 – October 14, 2024 Breakout: Achieved on October 14, 2024 Target: 82,000 (same as the Flag Pole) The breakout from this long-term Cup & Handle pattern suggests strong bullish momentum and a solid foundation for long-term gains. This setup aligns with the target and stop-loss criteria from the Flag Pole pattern for a consistent strategy. Weekly Flag Pole Pattern Timeframe: October 16, 2023 – March 11, 2024 Target: 1 lakh Stop Loss (SL): 66,000 (below the last swing low) The weekly Flag Pole pattern reinforces the Cup & Handle trend, providing a shorter-term opportunity within the larger uptrend. Enter in tranches to capture initial momentum and add on pullbacks. Daily Parallel Channel Timeframe: March 5, 2024 – October 18, 2024 Breakout: October 18, 2024 (retest completed) The breakout and retest of the daily Parallel Channel on October 18 offer a shorter-term entry point. Targeting 1 lakh on this setup aligns with the long-term patterns, with Target 1 at 82,000 and Target 2 at 1 lakh. Execution Strategy Enter in Tranches: Start your position now and add on each pullback. Confirm Pullbacks: Look for a reversal on the daily candlestick pattern after each pullback. Manage Risk: Keep the SL at 66,000, set below the last swing low, to protect your capital. Summary of Targets Target 1: 82,000 (aligned with Cup & Handle and Flag Pole) Target 2: 1 lakh (Parallel Channel breakout) By combining these setups, you capture both long-term and short-term price movements, maximizing your potential for profit while managing risk effectively.
BITSTAMP:BTCUSDLong
by ayusharya_001
Wipro – Trading near Cup and Handle breakout zone on weekly timeGiven the recent volatility in the Indian market, the IT sector is among those sectors that looks strong and is holding. Among the stocks to watch is Wipro. On a weekly timeframe, the stock is currently above the 30 weekly moving average which is a positive sign. It has also formed a Cup & Handle base with the price trading near the pivot area. One can keep an eye on Wipro with strict risk management given the overall market scenario. As per the weekly chart here are the key levels: Ideal buy zone: 560 – 580 Initial target: 670 – 700 Stop loss: 5-8% as per one’s risk management Note: Not a buy/sell recommendation. Please consult your financial advisor
NSE:WIPROLong
by TheUnlearningOne
TilakNagar Industries - Cup & Handle BreakoutTilakNagar Industries has given a breakout of Cup & Handle with good volumes. This is heading to 400+ as first target. Other factors: 1. Breakout of Cup & Handle and then retested but with lesser volumes shows strongness of stock. 2. RSI is good and moving towards above 60 3. MACD is becoming positive 4. One of the best Quarter results 5. Becoming a debt free company by March'25 6. New launches in next 18 months 7. Venturing into luxury segment as well. Keep following @cleaneasycharts as we provide Right Stocks at Right Time at Right Price. Cheers !!!
NSE:TILong
by Cleaneasycharts
IndiaMart- Shining with Great Results -Best above 3228IndiaMART is India's largest online B2B marketplace, connecting buyers and suppliers across a wide range of products and services, primarily catering to small and medium enterprises (SMEs). Founded in 1999, the company has seen consistent growth, boasting a significant market share in the Indian online B2B classified space. Key points about IndiaMART: • Business Model: A platform where buyers can search for suppliers based on their needs, with features like product listings, supplier profiles, and lead generation tools. • Market Reach: A large network of both buyers and sellers across various industries, including manufacturing, construction, electronics, and more. • Growth Strategy: Focus on expanding its user base by attracting smaller businesses and then upselling them to premium subscription plans, coupled with continuous technological upgrades to enhance user experience. • Financial Performance: IndiaMART has reported consistent revenue and profit growth over the years, attributed to its strong market position and increasing adoption of online B2B commerce in India. • Investment Highlights: • Deferred Revenue: A significant portion of IndiaMART's revenue comes from subscription fees paid upfront by sellers, creating a stable recurring revenue stream. • High Return on Equity (ROE): The company historically generates high returns relative to its equity, indicating efficient use of capital. • Minimal Debt: IndiaMART operates with minimal debt, further enhancing its financial stability. Recent Developments: • Continued focus on digital marketing and improving the platform's search capabilities to better match buyers with relevant suppliers. • Expansion into newer sectors like services and international markets. • Incorporation of advanced data analytics to provide insights and targeted recommendations to users Chart Analysis : The stock is making potential Cup & Handle Pattern. With solid returns the stock is expected to outperform. One can enter above 3228 for target of 3725/4500 / 4800 with strict stop loss of 2840. Targets may take few weeks to months and i suggest to average up as it moves up Metric Q2 FY 2025 Revenue Growth - Revenue grew by 23% YoY, reaching ₹297 crore compared to ₹240.66 crore in Q2 FY2024 . Operating Leverage - The company benefited from stable operational costs, helping maintain a strong operating margin Margin Expansion - EBITDA margin improved, supported by cost control, with expectations of continued margin expansion . Debt Reduction- IndiaMart remains a debt-free company, focusing on cash flow management . Disclaimer : Educational Content. Please do your own research. If you like this analysis, please do boost this post.
NSE:INDIAMARTLong
by jain_geetesh
AFFORDABLE - Cup and Handle - Breakout - DailyThe chart you provided shows a **Cup and Handle** pattern in the stock **Affordable Robotic & Automation Ltd (BSE)**, which is a bullish continuation pattern typically suggesting the potential for a significant upward breakout once confirmed. ### Key Insights: 1. **Cup and Handle Formation**: - The rounded structure below forms the **cup**, which indicates a consolidation phase followed by a breakout. - After the cup's formation, a small **pullback** occurred (handle), which is typical before a breakout. - The breakout happened when the price surged above the **702.90** level (marked on the chart), but it has now slightly pulled back to **767.55**. 2. **Measured Move Target**: - The chart measures a potential **41.73% move** (target around 994.50 INR) and a larger potential move of **71.61%** from the breakout level, showing a possible price target of **1,056 INR** if the bullish momentum continues. 3. **Support and Resistance**: - **702.90 INR** acts as the key support level, coinciding with the cup's breakout point. - The next significant support is at **610 INR**, which could act as a safety zone in case of a deeper pullback. - On the upside, the previous high near **851 INR** could act as initial resistance before reaching higher targets. The bullish volume spikes during the breakout and handle formation suggest strong buying interest, and if the price holds above key support levels, it could resume its uptrend toward the higher targets.
Editors' picks
BSE:AFFORDABLELong
by VCharts_TA
1
Lets have a tea Technical Analysis of Aditya Birla Sun Life AMC Ltd. (ABSLAMC) Background: Aditya Birla Sun Life AMC Ltd. is one of India's leading asset management companies, offering a wide range of mutual fund schemes. Technical Analysis: Rounding Bottom Pattern The chart indicates a potential Rounding Bottom Pattern formation for ABSLAMC. This is a bullish reversal pattern that suggests a potential uptrend after a period of decline. Key Characteristics of the Pattern: * U-Shaped Bottom: The price action forms a U-shaped bottom, indicating a reversal of the downtrend. * Low Volume During the Bottom: The volume tends to be low during the formation of the bottom, suggesting a period of consolidation. * Increased Volume on the Breakout: As the price breaks out of the pattern, volume typically increases, signaling a strong buying interest. Trading Strategy: Buy Signal: * A decisive breakout above the neckline resistance level (the horizontal line drawn at the top of the pattern) would confirm the pattern. * Increased trading volume during the breakout would strengthen the bullish signal. Stop-Loss: * Place a stop-loss below the recent swing low or the neckline support level. Take-Profit: * Set profit targets based on the height of the pattern. Common targets are 1.5 times, 2 times, and 3 times the height of the pattern. Important Considerations: * Confirmation: Wait for a confirmation candle (a candle that closes above the neckline) to enter the trade. * Risk Management: Always use stop-loss orders to protect your capital. * Market Sentiment: Consider the overall market sentiment and economic conditions. * Fundamental Analysis: While technical analysis is useful, it's important to consider the company's fundamentals. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. It is essential to conduct your own research or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
NSE:ABCAPITAL
by Stock_market_signals