Cup And Handle
[EDUCATIONAL] - Tech Mahindra - Cup and Handle - WeeklyPhase 1:
During 2010 to 2013
Phase 2:
During 2015 to 2019
HDFC Rising Wedge formation--Bullish breakout expectedHDFC is observed to form a rising wedge, a bullish breakout is expected. One can also observe a cup & handle formation starting from 2018-7-30 and ending on 2018-12-11.
Please feel free to share any feedback, constructive criticism is encouraged.
WIPROThis is for education purpose and not for trading.
This is monthly chart and don't work out for intraday trading.
Rs 334 is important pricing point for double top or cup formation.
Vedanta : Trend Reversal ? Long ? NSE:VEDL Hourly chart show Volatility Contraction pattern , Confirmation above completion of 3T.
Possible Cup and Handle BOThe Stock is trading above important moving average, and it has given a BO after 4 months of consolidation along with possible cup and handle break out. Also the IT index is in the up-trend giving a positive signal for the stock.
Axis bank - Rounding bottomPrice action has to give rounding bottom break out or form a handle to become cup & handle pattern.
AXIS BANK Trade set up .the baton of 5% upmove might now be passed to this stock now !
after a tough resistance been breached on weekly frame stage is set for big big move !
Cup and handle patternTrading "Cup and Handle" pattern is a two fold process. First a "Handle" can be traded as a
corrective pattern and secondly as a continuation pattern (of the prior trend) after a breakout
from the top of the "Cup." The handle part (right side) usually corrects about 25% to 38% (of
depth of the Cup) from the high pivot point to the bottom of the Cup. After the correction
(handle), the pattern will pick its prior trend and trade in a breakout fashion above the 'top' of
1 the 'Cup'.
Trade: The best trading opportunity is generated when the price clears the top of the "Cup."
A "long" trade is entered when the price closes above the high of the cup.
Target: Most "Cup & Handle" patterns result from 62% to 100% the depth of the "Cup" from
the breakout levels.
Stop: Place a "stop" order below the low of the handle to protect the trade.
