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Cup And Handle

TSLA - WKLY- CnH-Symmetrical Triangle This chart shows Tesla's price on a weekly timeframe with key technical features: 1. **Cup and Handle Pattern**: - A bullish reversal pattern formed over the past months, with two rounded bottoms resembling a "cup" shape and a minor consolidation area. - The breakout above the resistance level confirms the pattern. 2. **Measured Move Targets**: - **First Target**: $406.69, reached with a 48.95% move. - **Second Target**: $489.24 for symmetrical triangle reflecting a 72.66% rise from the breakout. 3. **Key Resistance and Support Levels**: - **Breakout Zone**: Around **$271.73**, the neckline of the cup and handle. - **Intermediate Resistance**: Around **$406.69**. - **Current Price**: Trading near **$463.02**. 4. **Volume**: Strong upward volume during the breakout phase, reinforcing the bullish breakout. If the momentum continues, Tesla's price may target the next resistance near **$489.24**. Let me know if you need further insights!
NASDAQ:TSLALong
by Vem_TA_Charts
RVNL Forming Good Patterns. Ready for an upmove?RVNL At a support level and forming multiple patterns. It offers good RR at this level. - Double Bottom -Cup & Handle -Trendline Breakout. -Candles were narrow right before a breakout and volumes were dry during the pullback. Positional SL is 13%, If you are an aggressive player then you can place the SL below 428. Adjust the SL and Targets as per your style/appetite. 520 will be a crucial level. Watch the PA there and decide on booking/further addition or fresh entry. Please consult with your financial advisor before investing. The chart shared is for educational purposes.
NSE:RVNLLong
by sagartharayil