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Cupandhandlebreakout

CUMMINS INDIA GAVE A CUP AND HANDLE BREAKOUT CUMMINS INDIA gave a fresh CUP & HANDLE pattern breakout on weekly timeframe , . . Factors Supporting this breakout :- 1) VOLUME BUILDUP :- From the last 3 week trading session where the price is increasing continuously the volume is also increasing which denotes strong hand buying by the traders. 2)MACD:- MACD is showing is a positive divergence and also currently placed above the center line . 3) Strong Weekly Bullish Candle . So one can enter this trade with his/her 50% capital according to risk management for this stock and add rest if it retest the the breakout level . our stoploss will below this week low that is 1018 , and i am leaving the target level upto you guys as it can really big . This is only for educational purpose , excute trade only after doing your own research and according to your risk appetite . HAPPY TRADING
NSE:CUMMINSINDLong
by himanxu_yadav
1
Cup and Handle PatternA Cup and Handle pattern is a bullish continuation pattern that resembles a teacup on a candle chart followed by a breakout. The cup part of the pattern is where the price gradually changes its direction from bearish to bullish. The handle part is when the price pullback slightly before roars higher and continues the previous trend. Cup and handle is used to understand the reinforcement of the trend and explains in case you want to double your position or sustain the position for a longer time period. This pattern can take between 30 to 60 candles to form on any given time resolution. 1. Cup: The cup should be “U” shaped and resemble a bowl or rounding bottom. Generally, cups with longer and more “U” shaped bottoms, the stronger the signal. The cup should not be too deep. The depth of the cup should retrace 1/3 or less of the previous advance. Volume should dry up on the decline and remain lower than average in the base of the bowl. 2. Handle: After the high forms on the right side of the cup, there is a pullback that forms the handle. The smaller the retracement, the more bullish the formation and significant the breakout. Sometimes this handle resembles a flag. If the right side of the handle breaks above the peak formed between the cup and the handle, it confirms that the pattern is complete and that the uptrend will resume. There should be a substantial increase in volume on the breakout above the handle's resistance. 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.
HEducation
by MandeepSinghKohli
18
Target 2 Achieved | +33% Gain in just 10 days | Dwarkesh Sugar This is the update to my earlier view shared on 14th Nov 21 on Dwarkesh Sugar. As on 14th Nov expectation was that 78.50 should be crossed in the coming two weeks. 10 days later the overall markets became weak. The above view was revised on 28th Nov indicating that 4-6 weeks of patience would be needed. It took a total of 7 weeks instead of initial anticipated 2 weeks of consolidation. Which was in fact a very good thing to happen. During these 7 weeks Dwarkesh traded in a narrow range. It printed more green days than red and also showed good signs of accumulation. Of the total 35 sessions, -18 bars were green and - 7 green bars had above average buying volumes. - Red bars majorly were showing below average volumes. All excellent signs of institutional accumulation. Also during these five weeks of consolidation two attempts at breakdown failed. Dwarkesh eventually neared the rising 200day sma support zone. With the second breakdown attempt failing above 200d sma, breakout above 74.50 was now needed for entry; The Trade Plan was revised as below for entry above the narrow range. Entry : On Breakout above at 75.40 Initial Stop Loss (ISL): Below @ 64.80 (SL based on structure) Note: Breakout above was needed with high volumes. On 4th Jan 2022, the breakout occurred and entry was triggered in the opening hour itself. The trading volumes within the first hour of open supported the rise and eventually made the stock hit the upper circuit by the close of the day. Thereafter Dwarkesh Sugar took just 9 sessions to return an impressive gain of +33%. Patience pays. Waiting it out for the right time until; A. the low risk entry exists B. in the right direction and C. at the right location is the key to winning the momentum game. Catching a momentum stock is much like waiting for the spring to be compressed fully. Then just jumping on the spring just before the pressure is released, will help one to fly higher with little effort. Can you see that pattern? What have you learned from these studies and updates, and how will you apply and gain from it? Thank you for checking out my content. Hope you liked It. 👇👇 Check my idea snapshot image dated : 14th Nov 2021 Click below and see the related idea titled: Dwarkesh Sugar: Will it break out to give a +30% gain? FOLLOW for more !!! LIKE & SHARE if you found it useful !!!! COMMENT below your views and suggestions !!!
NSE:DWARKESH
by amar_gr
HSCL Cup and Handle formation about to break out.HSCL has been consolidating since the last 2 years in the range of Rs 40 to 63. It seems to have formed a Cup and Handle pattern which will break out above Rs 63. The actual rally will start after breaking the rectangular channel resistance at 63 and will then reach to the above mentioned long term targets . The technical indicators seem to have bottomed out on monthly time frame and have turned bullish on daily and weekly time frames. This is totally an EV (Electric Vehicles) play before the current budget is presented. This chart is only for information purposes and it is not an investment advice.
BSE:HSCLLong
by NayibSayilor
MOREPENLAB [cup and handle] PATTERN:- CUP AND HANDLE already re-texted , confirmation done so my side stock are bullish . your looking target are very low distance but this not my this technically draws. so ...see what happen next .. "you know target made 43.85%" The cup and handle is a well-known continuation stock chart pattern that signals a bullish market trend I am not a sebi register this only for Education Purpose . I am not Responsible for any LOSS or PROFIT .
NSE:MOREPENLABLong
by asAMOLSUTAR
1
TIPS INDUSTRIES | Cup & Handle PatternNSE:TIPSINDLTD Swing / Positional Trade (Passed All My Technical Analysis / Fundamental Analysis Check's) Entry / Exit - This Time What Suits You According to the setup. :: (Risk Must Be Managed.) Keep Your Eyes On Index Or Any Bad News That Affect The Trade Or Market. FOLLOW 🤝 | LIKE 👍 | COMMENT ✍ --------------Any Suggestions-------------- Warning - This Stock is in T2T Surveillance Category, You Will Only Able to sell it after 3 Trading Days. Enter At Your OWN Risk
TLong
by CT143