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Cupandhandlebreakout

Multi Year Breakout + Retesting Done + Cup and HandleChart of the Week !! Positional Pick !! Don't Miss Textile Sector on Boom. One of the cheapest trading stock in this sector. Very Good Fundamentals. Debt Free Company. Earnings release on 12th August, 2021. Expecting Good Numbers. Aggresive Traders can accumulate now and Safe Traders can after results. Run Away Gap - A gap on a chart representing a sudden and large price movement accompanied by high trading volume. Runaway gaps are caused by increased interest in the stock. A runaway gap usually occurs in the middle of an upward or downward trend and is used to confirm the intensity of the trend.
BSE:PREMCOLong
by mastermukund4
2
HDFC Cup & Handle PatternWhat Is A Cup And Handle? A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift. The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. What Does A Cup And Handle Tell You? As a stock forming this pattern tests old highs, it is likely to incur selling pressure from investors who previously bought at those levels; selling pressure is likely to make price consolidate with a tendency toward a downtrend trend for a period of four days to four weeks, before advancing higher. A cup and handle is considered a bullish continuation pattern and is used to identify buying opportunities. It is worth considering the following when detecting cup and handle patterns: Length : Generally, cups with longer and more "U" shaped bottoms provide a stronger signal. Avoid cups with a sharp "V" bottoms. Depth : Ideally, the cup should not be overly deep. Avoid handles that are overly deep also, as handles should form in the top half of the cup pattern. Volume : Volume should decrease as prices decline and remain lower than average in the base of the bowl; it should then increase when the stock begins to make its move higher, back up to test the previous high.
NSE:HDFCBANK
by kiranrshinde
Long term Cup and Handle Pattern breakout | VMARTNSE:VMART VMART already gave long term cup and handle pattern breakout. Now it is under retracement. 1) Today it came to test 1st support level 3238. And closed just above it. 2) In coming days if it goes down to test 2nd support level 3130 then let it be. Do not enter in any buying position. 3) And further if it goes down to test ultimate last support level of 2890-2900 and it get support from this level then there will be good opportunity for short term to long term position. But it it gets support from any of above two support zone which are at 3238 and 3130 then from that level it will be a good opportunity to get long/buy position for short to long term.
NSE:VMARTLong
by Trading_hawk
Inverted Head and Shoulder on WTF and Cup and Handle on DTF - LTSome Knowledge about MY patterns here : 1) Cup and Handle : Appearance: Looks like a cup profile with the handle on the die right Reversal or consolidation: Short-term (up to 3 months) bullish consolidation Failure rate: 26% Failure rate if waited for a breakout: 10% Average rise 38%, with most likely rise between 10% and 20% Throwbacks 74% Percentage meeting and predicted price target: 49% using full formation height, 73% using half formation height Cups with a higher right lip perform better, 40% versus 35 % average gain.
NSE:LTLong
by Averoy_Apoorv_Analysis
Mrs Bector - Cup & Handle formationAs you can see Mrs Bector has formed Cup & handle pattern in Daily time frame. Entry : Safe to enter above 460 (only if daily candle close above it ) Stop loss: 449 Targets : Target 1: 500 Target 2: 500+ with strict trailing stop loss ( i.e Stoploss should be previous day low ) Points to remember - Always wait for the confirmation, dont jump in runing candle - Always keep a strict Stop loss - Once a breakout is done, there is 99% chance it will come back to re-test Please note : This is for educational purpose only
NSE:BECTORFOODLong
by r-ya
McDowell_N / United Spirits - Cup and handle pattern🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:UNITDSPRLong
by PrakWorld_Traders
India Bulls housing - Cup and handle pattern🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
ILong
by PrakWorld_Traders
Cup and handle pattern in GUJRAFFIA - Multi year breakout.A cup and handle pattern is clearly visible on the daily charts while on the weekly charts, stock has broken a long-term resistance around Rs 76. I would consider this pattern to be bullish and targets of around 110 can be seen in a few weeks. We can expect a minor consolidation before a breakout and those can be very good levels to enter the trade. Kindly note, this is not a recommendation and only an analysis. Only for educational purpose.
NSE:GUJRAFFIALong
by NandanChaturvediTrade
Federal Bank Cup and Handle BreakoutAs shown in Chart Fed Bank has given Cup and handle breakout in multiple time frame with very good volume ... Levels are already mentioned in the chart.. Looks very good above : 92.50 for the target of 120+ Things to remember 1) Always wait for Confirmation, dont just jump in running candle 2) Condition for breakout is ... it should break the range with big green candle with good volume 3) There is 90% chance after a successful breakout, it should comeback to Re-test the support, which was once resistance 4) Always keep trailing Stop loss. Note : I am still learning .. let me know if i missed anything Disclaimer : This is purely for education purpose only
NSE:FEDERALBNKLong
by r-ya
Great Opportunity for Long in Maruti 1. Formed both "Cup and Handle" & "Inverted Head and Shoulder" 2. Re-test Done successfully 3. Breakout happened at major resistance 4. Raising Volumes during breakouts 5. RSI is also at good level Buy at Current Market Price (around 7425) Target 1 at 8340 Stoploss at 6800 ** Target and Stoploss may vary, depend on one's Risk-Reward Ratio ** This one is purely based on my analysis ** This can't be taken as buy signal ** Do your own analysis before investing your hard earned money into any stock
NSE:MARUTILong
by Navinraj_Varatharajan
2
Dabur --- Cup and Handle Formation - BreakoutHi guys as shown in the Chart Dabur has formed Cup & Handle Formation and given a breakout with Big Green Candle with very good volumes - Currently it is coming back to retest the Support which was once Resistance - Buy once it Sucessfully test the Support and bounce back from it ... Buying Setup :- -- You can currently buy in Dips till Support 582 or you can just wait for it to complete the re-testing phase - For Super Safe side ... buy above the Current high i.e 594 Stop loss is mentioned in the chart Targets are generally the 100% of the Depth of the cup , so if we measure it targets can be : T1 = 612 T2- 640 Note : I am still a learner ... So if i miss anything ... Please let me know :) Disclaimer :- This is just for education purpose only ... not a trading advice.
NSE:DABURLong
by r-ya