Cadila started Human trails of COVID-19 Vaccine. The daily chart shows classic Cup and Handle formation. Recent Close is above the Handle line. Hence backed by the news and supported by technical indicators, upmove expected. Price levels are congested in a narrow zone, hence various support-resistance lines can be observed. Entry Price: CMP Target 1: 404 Target...
Gold touches the previous high in 2011 and forms a cup pattern in monthly chart, I hope it will form a handle for perfect entry for long.
Deepak nitrate Long, Brokeout from previous resistance and formed cup and handle
Zyduswell long , breakout and cup&handle
After Completion of Cup and Handle..retesting also completed..
Go long above the resistance line based on confirmation candle in lower time frame The Cup and Handle : It creates a U-shape, or the "cup" in our "cup and handle." The price then moves sideways or drifts downward within a channel—that forms the handle. Entering a Cup and Handle Trade : When the price moves out of the handle, the pattern is considered...
Cadila HelathCare has formed cup and handle pattern. In addition to this, it has formed Bullish engulfing pattern on Weekly chart. If It closes above 380-385 levels, we can consider Long in this. The target can be depth of the cup, which will be around 435. This is as per my analysis. Happy Trading. Currently, I am learning fundamental and technical analysis of...
We can see a clear Cup & Handle Classical Pattern formation, it can breakout if market sentiment is positive.
Price bounced from Baseline and above conversion line. Lagging span is above the cloud and taken support at Span B. SPAN A & B are positive for future support. CnH BO with good volume. SL-149 or baseline DCB Can test 225.
Bull case= As depicted... Bear case incase we dont achieve the target..I will post a chart...I really suspect this rally though..but we will trade what we see...
CMP : 920 SL : 823 Target : 1060, 1150 1) Very bullish trendline breakout 2) High dividend paying company so attracting buyers more on dips. Recently provided Rs.35/- per share, that is almost 3.5% yield. 3) Excellent delivery volume last 2 weeks, on average the company is having 40% + almost everyday. 4) Cup & Handle is pattern is very strong in sideways...
Amal Ltd: A perfect Cup w Handle formation, can take an entry at 149.80 with a SL at 140.05 marked on the chart. Disclaimer: This idea has been posted strictly for educational purposes only and any investment shall be taken post proper due diligence and consultation of a certified Financial Advisor
First source solution (FSL) looking for breakout from parallel channel. Third Elliot Wave has been started which can be confirmed by volume blast. Formed cup and handle pattern which is near breakout point. All dips towards 42.3 - 40 are long opportunity Stop Loss 34.9 on daily closing basis. Check chart for more details. Third wave target 58 Fourth Wave target...