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Cupandhandlepattern

Bitcoin Strategy: Cup & Handle, Flag Pole, Parallel ChannelIf you're aiming to maximize gains using multiple setups across different timeframes, this strategy combines three powerful patterns: the Weekly Cup & Handle, Flag Pole, and Daily Parallel Channel. Here’s how to execute this structured approach for optimal entry, exit, and profit potential. Weekly Cup & Handle Timeframe: November 15, 2021 – October 14, 2024 Breakout: Achieved on October 14, 2024 Target: 82,000 (same as the Flag Pole) The breakout from this long-term Cup & Handle pattern suggests strong bullish momentum and a solid foundation for long-term gains. This setup aligns with the target and stop-loss criteria from the Flag Pole pattern for a consistent strategy. Weekly Flag Pole Pattern Timeframe: October 16, 2023 – March 11, 2024 Target: 1 lakh Stop Loss (SL): 66,000 (below the last swing low) The weekly Flag Pole pattern reinforces the Cup & Handle trend, providing a shorter-term opportunity within the larger uptrend. Enter in tranches to capture initial momentum and add on pullbacks. Daily Parallel Channel Timeframe: March 5, 2024 – October 18, 2024 Breakout: October 18, 2024 (retest completed) The breakout and retest of the daily Parallel Channel on October 18 offer a shorter-term entry point. Targeting 1 lakh on this setup aligns with the long-term patterns, with Target 1 at 82,000 and Target 2 at 1 lakh. Execution Strategy Enter in Tranches: Start your position now and add on each pullback. Confirm Pullbacks: Look for a reversal on the daily candlestick pattern after each pullback. Manage Risk: Keep the SL at 66,000, set below the last swing low, to protect your capital. Summary of Targets Target 1: 82,000 (aligned with Cup & Handle and Flag Pole) Target 2: 1 lakh (Parallel Channel breakout) By combining these setups, you capture both long-term and short-term price movements, maximizing your potential for profit while managing risk effectively.
BITSTAMP:BTCUSDLong
by ayusharya_001
1
KELLTONTEC - 2.5 year long Cup & Handle Pattern BreakoutHere's a technical analysis of the KELLTONTEC stock chart: Key Observations Cup and Handle Pattern: The chart shows a cup and handle formation, which is a bullish continuation pattern indicating the potential for an upward breakout. The "cup" forms after a rounded bottom, and the "handle" represents a minor consolidation before a breakout attempt. Major Resistance Area: There is a well-defined major resistance area that the stock previously tested. After breaking above this level, the stock is now consolidating, creating a strong base before possibly moving higher. 17-Week Small Base: The stock has been consolidating for 17 weeks, forming a small base just above the major resistance area. This base suggests that the stock is stabilizing, and this consolidation could provide support for a strong breakout. 128-Week Strong Base: The stock is building on a much larger 128-week base. This extended period of accumulation signifies that the stock has gained a significant foundation, increasing the probability of a sustained move if it breaks out. Volume Analysis: High volume during upward moves and low volume during pullbacks indicates healthy demand. The low volume during consolidation suggests that selling pressure is minimal, while high volume spikes during upward movements indicate buyer interest. Volume also picked up around the 20-week EMA, showing support from buyers near this level. Bounce from 20-Week EMA: The price has consistently bounced off the 20-week EMA, showing it as a strong support level. This reinforces the uptrend and indicates buying demand whenever the stock approaches this EMA. Trade Setup with Key Levels Entry Point: Breakout Entry: Enter above the high of the handle at around 160-165 for breakout confirmation. Targets: Target 1: 225 – Based on initial resistance. Target 2: 280 – A higher resistance level, achievable if the breakout gains momentum. Target 3: 373 – A longer-term target that aligns with the larger base breakout potential. Target 4: 450 – For a longer-term position, based on the depth of the cup and potential for an extended move.
NSE:KELLTONTECLong
by Profit_Trader25
BOROLTD - Multiple Bullish Pattern Breakout On Weekly ChartBOROSIL Ltd reveals a combination of bullish patterns, suggesting the potential for an upward breakout on weekly chart. Here’s a technical analysis: Inverse Head and Shoulders Pattern: The stock shows an inverse head and shoulders formation, with the left shoulder, head, and right shoulder clearly marked. This pattern is a strong bullish reversal signal, indicating a shift from a downtrend to an uptrend. Cup and Handle Pattern: Inside the inverse head and shoulders, there’s also a cup and handle pattern, with the cup length marked. This pattern further reinforces the bullish outlook, as it often signals a continuation of an upward move following a breakout. Breakout Above Resistance: The stock appears to be testing a horizontal resistance level at around ₹455. A breakout above this level would confirm the bullish patterns and indicate a potential upward move toward the projected targets. Volume: There’s a noticeable increase in volume as the stock approaches the resistance level, suggesting accumulation and growing buying interest. Rising volume during the formation of these patterns is a positive sign for breakout strength. Targets: The projected targets are based on the cup and handle breakout measurement: Target 1: ₹500 Target 2: ₹560 Target 3: ₹600 RSI (Relative Strength Index): The RSI indicator is trending upward and is currently around 62, which is in the bullish zone. However, it’s not overbought, implying that there could still be room for further upward movement. Conclusion The stock displays multiple bullish patterns (inverse head and shoulders and cup and handle), backed by rising volume and an upward-trending RSI. A successful breakout above ₹455 could lead to the stock reaching the first target of ₹500, followed by potential gains to ₹560 and ₹600 if momentum continues.
NSE:BOROLTDLong
by Profit_Trader25
3
Classical Cup & Handle Breakout in HDFC BANKHDFC Bank Ltd shows a classic cup and handle pattern on the weekly timeframe, suggesting a bullish continuation signal. Here’s a technical analysis: Cup and Handle Pattern: The chart displays a well-formed cup and handle pattern, which is a bullish technical formation. This pattern often precedes an upward breakout and is considered a strong bullish signal. Resistance Levels: The stock has broken out above key resistance levels drawn at around ₹1,760–₹1,780, confirming the pattern. This breakout suggests potential upside movement with increased buying interest. Volume: There is a significant increase in volume during the breakout, which validates the strength of the breakout. High volume on a breakout indicates strong investor confidence in the upward move. Target Projection: The target projection based on the depth of the cup is approximately 20% above the breakout level, aligning with the level marked around ₹2,100. Stop Loss: A suggested stop-loss level is placed just below the handle’s low (around ₹1600) to manage risk in case of a pullback. Moving Averages: The stock is trading above key moving averages, which reinforces the bullish trend and confirms upward momentum.
NSE:HDFCBANKLong
by Profit_Trader25
1
CNX SMALL CAP- BULL BULL BULL EVERYWHERENIfty Smallcap- Timeline analysis 1. Quarterly- Cup and handle breakout was done on July 2023 for which the target of 21900 is still pending. So Bullish in Quarterly 2. Monthly- 17844 and 18459 acted as a good support due to which Oct month candle didnt go beyond that. Retracement to the August month low is over. With the support of 18600 small cap index will move further up. So bullish in monthly 3. Weekly- Formed a double bottom structure with the target of 21700. If the weekly candle closes above 18459 tomorrow, then the upmove is possilbe until 19222 initially. Because everytime good upmove is seen once it touches 18459. Breaking the strong resitance of 19222 will take it to the target of 21700 - 21900. So bullish on weekly 4. Daily - Daily candle closed strongly above the support of 18459 which ensures the upmove until 19222 initially and then to 21700-21900 after it breaks the strong resistance of 19640. So bullish on Daily. 5. Hourly- The high to low and lower high to lower low is negated since the candle closed above 18459. Now low to high and higher low is formed which ensured bullish in hourly too.
NSE:CNXSMALLCAPLong
by Flash_J
AFFORDABLE - Cup and Handle - Breakout - DailyThe chart you provided shows a **Cup and Handle** pattern in the stock **Affordable Robotic & Automation Ltd (BSE)**, which is a bullish continuation pattern typically suggesting the potential for a significant upward breakout once confirmed. ### Key Insights: 1. **Cup and Handle Formation**: - The rounded structure below forms the **cup**, which indicates a consolidation phase followed by a breakout. - After the cup's formation, a small **pullback** occurred (handle), which is typical before a breakout. - The breakout happened when the price surged above the **702.90** level (marked on the chart), but it has now slightly pulled back to **767.55**. 2. **Measured Move Target**: - The chart measures a potential **41.73% move** (target around 994.50 INR) and a larger potential move of **71.61%** from the breakout level, showing a possible price target of **1,056 INR** if the bullish momentum continues. 3. **Support and Resistance**: - **702.90 INR** acts as the key support level, coinciding with the cup's breakout point. - The next significant support is at **610 INR**, which could act as a safety zone in case of a deeper pullback. - On the upside, the previous high near **851 INR** could act as initial resistance before reaching higher targets. The bullish volume spikes during the breakout and handle formation suggest strong buying interest, and if the price holds above key support levels, it could resume its uptrend toward the higher targets.
BSE:AFFORDABLELong
by DailyCharts03
1
About to Break Key LevelsNSE:TATACONSUM about to break key levels with nearing completion of a cup and handle chart pattern on Daily time frame, Good Accumulation Seen from July to Sep. 2024 around Post Rights Issue to Acquire two companies Capital Foods (Ching's) and Organic India to strengthen their product portfolio further. 1154-1168 Will be a Good Zone to add or wait for the breakout of 1255 Levels. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:TATACONSUMLong
by Karanshah137
MUFTI | Credo Brands Marketing by KRS Charts13th Sept 2024 / 12:16 PM Why MUFTI ❓ 1. Was Correcting since listed and completed Elliot Correction wave count 5 wave Structure. 2. More Important is after 5th wave it Made Higher Lows and Higher Highs. 3. MUFTI is currently sustaining above 100 EMA which also good sign to stay Bullish. 4. Giving Little early entry before Breakout of Cup & Handle Neckline but it worth if limited positions will create here. 🙏 Approx. Target will be Around 300 Rs but once Breakout exact target will be revealed 👍
NSE:MUFTILong
by KRSCharts
4
SIEMENS | Signs of Accumulation Siemens is a global technology company with a diverse range of products and services. Here are some key stats and information about Siemens: Founded: 1847 by Werner von Siemens and Johann Georg Halske. Headquarters: Munich, Germany. Employees: Approximately 300,000 worldwide. Business Segments: Digital Industries: Automation and digitalization in manufacturing. Smart Infrastructure: Electrical equipment and smart building technologies. Mobility: Solutions for rail transportation. Siemens Healthineers: Medical technology and healthcare services. Siemens Financial Services: Financial solutions. Global Presence: Operations in over 200 countries. Sustainability Initiatives: Siemens is committed to sustainability and aims to be carbon neutral by 2030. 💡✍️Technical Reasons to trade or Strategy applied :- ✅Inverted Head & Shoulder Chart Pattern Bull Breakout ✅ Prior uptrend & Rounding Bottom ✅Breakout confirmed ✅Rise in Volume ✅Clear uptrend with HH & HLs sequence ✅Check out my TradingView profile to see how we analyze charts and execute trades. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📍📌Thank you for exploring our idea! We hope you found it valuable. 🙏FLLOW for more ! 👍LIKE if useful ! ✍️COMMENT Below your view !
NSE:SIEMENS
by ReviveTraders
3
Mankind Pharma Ltd - Cup with handle pattern formationThe cup with handle pattern is a bullish chart formation resembling a cup with a slight consolidation (handle) on the right. A trading strategy involves entering a position when the price breaks above the resistance level at the top of the cup, ideally after confirming bullish momentum. Mankind Pharma is forming a cup with handle pattern on the hourly timeframe, signaling potential bullish movement. The handle has formed on a flat base, reinforcing the bullish setup. Where the prior resistance become support (Support-Resistance Flip). Chart Structure: Price is creating higher tops and higher bottoms, indicating a strong uptrend where as RSI is trending higher and remains above 50, confirming positive momentum. Trade execution planned above 2835,anticipated target is above 3000, suggesting substantial upside potential if the breakout is confirmed. SL would be the last higher swing low.
NSE:MANKINDLong
by Arvind_Share_Academy
JYOTISTRUC -Multiyear BreakOut- Wkly -Cup and HandleThe Jyoti Structures Ltd. (JYOTISTRUC) chart you provided indicates a cup and handle pattern. This is a bullish continuation pattern, often signaling further upward momentum after a period of consolidation. The setup on this weekly chart is as follows: The cup portion shows a rounded bottom that has formed over a long period, spanning several years from 2015 to 2023, reflecting a reversal of the downtrend that began around 2015. The handle portion represents the current consolidation phase after the stock attempted to break above the ₹32.53 level, which is acting as a resistance zone. The breakout point for the cup and handle pattern is around ₹32.53. If the stock price closes above this resistance level with significant volume, it could confirm a breakout, leading to further gains. The height of the cup (around ₹31.48) from its low suggests a potential target of doubling the price from the breakout point, which could push the stock towards the ₹60-65 range. A sustained increase in trading volume further supports the bullish outlook, indicating growing investor interest. However, a failed breakout or drop below the handle's lower support near ₹24.11 could invalidate the pattern and lead to a pullback. Keep an eye on the breakout confirmation before making decisions.
NSE:JYOTISTRUCLong
by DailyCharts03
Metropolis Healthcare for 140%+ gainsDate: 12 Oct’24 Symbol: Metropolis Timeframe: Weekly Metropolis Healthcare seems to be in Wave 3 in larger timeframe which is heading towards its all time high (ATH) of 3575 (~57% from current price of 2275) as seen in the chart. Wave 4 is likely to come down to around 2700 levels and in Wave 5, it could target 5500-6000 (140%+ from current price). A good year ahead likely for this diagnostic company. Interestingly, the waves could also coincide with a Cup & Handle pattern formation as seen in the chart. Please note this is a long shot so take it with a pinch of salt. However, one can be confident to enter until the ATH (whatever route the price movement takes). This is not a trade recommendation. Please do your own analysis. And I’ve the right to be wrong. Aisa lagta hai ki Metropolis Healthcare badi samay seema mein Wave 3 mein hai, jo 3575 ke apane sarvakaalik uchch (ATH) (2275 ki vartamaan keemat se ~57% high) ki or badh raha hai, jaisa ki chart mein dekha gaya hai. Wave 4 ke 2700 ke star tak neeche aane ki sambhaavana hai aur Wave 5 mein, yeh 5500-6000 (maujooda keemat se 140%+) ka lakshya rakh sakta hai. Is diagnostic company ke lie aane vaala saal achchha rahane kee sambhaavana hai. Dilchasp baat yah hai ki Waves Cup aur Handle ke gathan ke saath bhee mel kha sakti hain jaisa ki chart mein dekha gaya hai. Kripya dhyaan den ki yah ek lamba shot hai isliye ise thodi satarkta se trade karein. Haalaanki, koi bhi ATH (keematon mein utaar-chadhaav chaahe jo bhee raasta apanae) tak pravesh karne ke lie aashvast ho sakta hai. Yeh koi trade karne ki salah nahin hai. Kripya apna vishleshan swayam karen. Aur mujhe galat hone ka adhikaar hai.
NSE:METROPOLISLong
by DhandhaPaani
CGPOWER -Cup and Handle -Breakout - DailyThe chart for CG Power and Industrial Solutions Ltd. shows a clear Cup and Handle pattern, which is a bullish continuation pattern. This is confirmed by both price action and volume. Below is a breakdown of the technical and fundamental aspects of the stock. Technical Analysis: Cup and Handle Pattern: The chart clearly depicts a Cup shape, where the stock gradually moved lower and then formed a rounded bottom. The Handle follows a smaller, tighter consolidation just before a breakout. A breakout from the handle suggests a potential continuation of the previous uptrend, which has already been confirmed by a move above 814.40 INR. Volume: There is an evident volume spike during the breakout from the handle, indicating strong buying pressure, which is a key confirmation for this bullish pattern. This increasing volume during the breakout is essential to validate the move upward, and it suggests a likely continuation of the rally. Price Targets: The measured move from the bottom of the cup to the resistance (around 136.25 INR) is projected upwards from the breakout point. The first target is set around 919.25 INR, which is approximately 17.42% above the current breakout level. An extended target can be projected beyond this, but the 919.25 INR level acts as the immediate resistance. Support Levels: 782.45 INR is the key support level, acting as the breakout point of the handle. 643.15 INR is a more extended support level based on historical price action. If the stock retraces, this level might be tested. Trend: The overall trend is bullish, supported by the stock’s higher highs and higher lows. The recent consolidation was necessary for the continuation of the uptrend. Risk Management: A stop-loss can be placed below 782.45 INR or 643.15 INR, depending on risk tolerance. Fundamental Analysis: Company Overview: CG Power and Industrial Solutions Ltd. is involved in manufacturing electrical equipment and industrial solutions, which includes transformers, switchgears, and motors. With increasing investments in infrastructure and industrial sectors, the company stands to benefit from both domestic and international growth. Financial Health: The company has seen improved financial performance in recent quarters, with growing revenues and improved margins due to operational efficiencies. Key financial metrics like Return on Equity (RoE) and Net Profit Margin have improved, signaling strong financial health. Sector Outlook: The power and industrial solutions sector is expected to witness strong demand, driven by investments in infrastructure and renewable energy. Government policies encouraging industrial expansion and power grid modernization further support a bullish outlook for companies like CG Power. Recent Developments: Recent earnings reports have indicated significant improvements, and management’s forward guidance has been positive, hinting at sustained growth in the upcoming quarters. Conclusion: Technical Outlook: The Cup and Handle pattern suggests a potential rally towards 919.25 INR, with strong buying interest indicated by volume spikes. Fundamental Outlook: The company's fundamentals are sound, with increasing revenues, improved profit margins, and a favorable industry outlook. The stock has a bullish setup both technically and fundamentally, making it attractive for medium to long-term investors. However, appropriate risk management is essential, especially around key support levels.
NSE:CGPOWERLong
by DailyCharts03
KELLTON TECH SOLUTIONS By KRS ChartsDate: 11th July 2024 Time: 9:40AM Why KELLTON TECH? 1. Currently Sustained at All-time High Price with Strong Breakout. 2. Cup & Handle Chart Pattern is visible in Weekly and Monthly TF. Also Volume is noticeably increased from year 2021 compared to its previous years. 3. RSI above 60 and Positive Crossover in MACD. 120 to 130 Rs can be better price if Correct little bit from here If it breaks Neckline at least in Daily TF, It can achieve 255 Rs price point from current price level.
NSE:KELLTONTECLong
by KRSCharts