Cup And Handle
Escorts Gearing Up for next move3143 entry 2922 stop ~7% which is fair stop for cash swing positions.
Booking strategy
30% of position book on 10-15% gain near resistance trail rest at buy price.
For remaining use sell on to strength on day it makes very big candle and remaining can be booked on weekly close below 13EMA.
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There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgment while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
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MMTC CUP & HANDLE PATTERN. WAIT FOR BREAKOUT.MMTC had given a breakout on monthly basis in January 2024 and now we are seeing the pull back and retest.
Coming to a lower TF like daily or hourly we can see that it has been moving in a Parallel Channel from Aug 2023 consistantly making Higher Lows and Higher Highs.
Taking 1 HR. Time frame we can see that it is making a Cup and Handle pattern. We have yo wait for breakout on the upside, get a confirmation of making a higher low,high and can invest.
1st Target would be the latest High 101. 2nd Target would be the upper trendline of the Channel.
Suryoday Bank- DO NOT MISS!Suryoday has given a good breakout of cup and handle pattern
A weekly closing above 200 can be a good signal that ATH levels can be seen soon.
Stock is available at a very good valuation.
I had seen such breakout in Spandana which had blasted after breakout.Expecting a similar move here.
Looks like ADA has pulled a sneaky move on traders🕵️💎 Paradisers, it seems that #ADA has trapped traders who entered based on the breakout of the cup & handle pattern.
💎Nevertheless, should #ADAUSDT breach above the previous high, we may anticipate a bullish move, especially considering the bullish market structure signaled by CHoCH & BOS.
💎In the event of a pullback, we could foresee a bounce from the demand level.
💎However, if the price breaks down below the demand level, it may be viewed as bearish, particularly due to CHoCH towards bearish structure. In such cases, it might be advisable to execute scalp trades or abstain from trading, especially for those new to trading.
C98 is setting up for a potential bullish breakout! 🚀💎 Paradisers, #C98 is currently demonstrating a bullish market structure and has formed a cup & handle pattern.
💎If #C98USDT breaks out above the resistant level, it could signal a bullish move with targets expected to reach the next resistant level.
💎In the event of a pullback, we may anticipate a bounce from the demand level. However, it's advisable to wait for confirmation before entering any trades.
💎Should the price break down below the demand level, it may be considered bearish. However, given the overall bullish trend, it might be better to ignore such bearish signals for now and wait for clearer price action to form.
MyCryptoParadise
iFeel the success🌴
You can add this stock in your watchlist for short term trading.Company:- Larsen & Toubro (LT)
Sector:- Engineering & Construction
M Cap:- 4.98T
Technical:- In the daily & hourly chart smart money formed "Cup with Handle" chart pattern a prepareing for the breakout. One more thing in this stock cup & handle chart pattern success probability is very high. So if you are agree with my idea then follow me and share with your friends.
Disclaimer:- Dear follower before taking any trade do your own analysis and consult you financial advisour.
Keep an Eye on JTO! 🌟potential opportunities.💎 Paradisers, #JTO is demonstrating signs of strength with CHoCH and BOS indicating a bullish market structure, coupled with the formation of a cup & handle pattern, which enhances the likelihood of a bullish breakout.
💎If #JTOUSDT successfully confirms a breakout above the resistance zone, it could pave the way for a bullish rally towards the next resistance level.
💎In the event of a pullback, potential bounce areas include the Bullish Order Block (OB) or demand zone. However, it's essential to note that the probability of a bounce may be relatively low, so it's advisable to set small targets in such cases.
💎Should the price break below the demand zone, it may signal a bearish. However, given the current market dynamics, it might be prudent to temporarily disregard this scenario and wait for clearer price action to develop before reassessing the situation.
💎Stay vigilant and monitor #JTO's price movements closely for potential trading opportunities.