Get started

Cupandhandlebreakout

TATA CONSUMER | CUP & HANDLE PATTERN | WITH EXPLANATIONLet's first talk about the conditions for CUP & HANDLE PATTERN : Cup patterns can last from 7 weeks to as long as 65 weeks, but most of them last for 3 to 6 months. ✅ The usual correction from the absolute peak(the top of the cup) to the low point of this price pattern varies from around the12 to 15% to upward of 33%.✅ The bottom part of the cup should be rounded and give the appearance of a "U" rather than a very narrow "V".✅ The formation of the handle area generally takes more than 1 or 2 weeks. ✅ Volume may dry up noticeably near the lows in the handle's price pullback phase.✅ The handle should also be above the stock 10-week moving average price line.✅ When a stock forms a proper cup-with-handle chart pattern and then charges through an upside buy point, which Jesse Livermore referred to as the "pivot point" or "line of resistance", the day's volume should increase at least 40-50%. ✅ Nearly all proper bases will show a dramatic drying up of volume for one or two weeks along the very low of the base pattern and in the low area of few last weeks of the handle. ✅ According to the pattern, the price target is 890 , but as a safe trader, I would consider the first target to be 850 because there might be a possibility of a triple top , and I would reduce my position sizing to half as it reaches 850, and would add as it breaks 850-855 level. Stoploss - 750 Disclaimer: The analysis is for educational purposes. Please do your due diligence before making decisions.
NSE:TATACONSUMLong
by shadowthenoobtrader
Weekly cup and handle breakout in West coastStock is having potential to reach 700 range, as we can see cup and handle breakout with good candle & volume. For that stock has to sustain above 400 range in this weekly. as we are analysis weekly chart. At present we can see 52 week high and its all time high 414 level is broken. 420 range is the best for 1st re entry price, next 400-405 Range for averaging. Stop Loss for averse trader will be 350 Range, and for risk taker 280. This is just a view, not a recommendation to trade. Do your own analysis before taking any trade. NSE:WSTCSTPAPR
NSE:WSTCSTPAPRLong
by varun_devadiga
10
Coromandel - Cup and Handle - MACD - LongCoromandel has given a breakout for cup and handle pattern. For the benefit of those who are new, it is a bullish pattern. On 29/6/22 it has given a MACD breakout with good volume. It is followed up by cup and handle breakout on 4/7/22, the breakout has happened with good volume as shown in the chart. On next day it has retested the breakout level and today it has closed above the breakout. The cup has a depth of 254 points, the handle is having a depth of 83 points... which is almost 1/3rd of the cup's depth. Which I feel is ideal. Target: Breakout point is 970, target is +254 that is 1224. 52w high is 999, it may face resistance there. Stop loss: Low of the handle - 885 In present volatile market, you ride with the trend carefully! Risk Reward is almost 1:4 Plan your risk management properly!
NSE:COROMANDELLong
by wfhmom07
USDCAD: CUP & HANDLE BREAKOUTThe Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks. As its name implies, there are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance. Trend: To qualify as a continuation pattern, a prior trend should exist. Ideally, the trend should be a few months old and not too mature. The more mature the trend, the less chance that the pattern marks a continuation or the less upside potential. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. A “V” shaped bottom would be considered too sharp of a reversal to qualify. The softer “U” shape ensures that the cup is a consolidation pattern with valid support at the bottom of the “U”. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case. Cup Depth: Ideally, the depth of the cup should retrace 1/3 or less of the previous advance. However, with volatile markets and over-reactions, the retracement could range from 1/3 to 1/2. In extreme situations, the maximum retracement could be 2/3, which conforms with Dow Theory. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. Sometimes this handle resembles a flag or pennant that slopes downward, other times it is just a short pullback. The handle represents the final consolidation/pullback before the big breakout and can retrace up to 1/3 of the cup's advance, but usually not more. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes it is prudent to wait for a break above the resistance line established by the highs of the cup. Duration: The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks. Target: The projected advance after breakout can be estimated by measuring the distance from the right peak of the cup to the bottom of the cup. TRADING STRATEGY: Buy USDCAD on cmp , add on dips , keeping SL of 1.2900 look for the target of 1.3400/1.35300
Long
by TradingSutra
Have a 'CUP' of tea with 'CRISIL' !!!!Crisil have given breakout from a cup and handle formation above 3500 with peak volumes showing huge buying interest and sudden change in sentiment. Both RSI and MACD are showing positive signs. RSI has breached above 60 which confirms that bulls are very strong. MACD has also shown crossover which confirms change in sentiment. Precaution:- Since broader market are in negative node and there is death cross in Nifty so try to buy near breakout level rather than catching at higher prices for better risk-reward.
NSE:CRISILLong
by Chaser30
TATA STEEL LONG Potential BO candidate C&H, trendline BOTata steel looks good on daily chart with a potential Break out candidate. It has formed a C&H pattern on daily chart & also breaking the trend line & the previous high trend line. Volume has been good over past few days. The RSI is in 60+ zone so the stock has good momentum with Strength. Keep an eye on the counter, can give some good returns in short term. Discl; Chart of reduction purpose only, not a reco to buy or sell. Trade as per your own research
NSE:TATASTEELLong
by amjai85