Get started

Cupandhandlepattern

BSE Possible Cup and Handle aheadNSE:BSE Possible Cup and Handle ahead a Close above 4990 to 5000 Will Confirm it. 🙋‍♀️🙋‍♂️If you have any questions about this stock, feel free to reach out to me. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback. 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:BSELong
by Karanshah137
LAURUSLABS - Cup-and-handle - BO - wklyLAURUSLABS This chart depicts **Laurus Labs Ltd.** and showcases a **cup-and-handle** breakout pattern. ### Observations: 1. **Cup-and-Handle Pattern**: - The stock formed a rounded "cup" with a resistance around ₹516.70. - A brief consolidation (the "handle") followed, leading to a breakout above ₹516.70. 2. **Breakout Confirmation**: - The price closed at ₹567.15 (+10.64%), indicating a strong breakout. - The breakout is supported by high volume, confirming buying interest. 3. **Measured Target**: - The height of the cup (~₹237) added to the breakout point (₹516.70) gives a target of **₹753.00**. - This represents a potential upside of ~46% from the breakout level. 4. **Support Levels**: - The breakout level at ₹516.70 now acts as immediate support. - Stronger support lies near ₹440 (handle base). 5. **Volume Spike**: - Significant volume during the breakout signals strong momentum, increasing the likelihood of the price reaching the target. ### Potential Strategy: - **For Bulls**: - Entry on pullbacks near ₹516.70 or on dips above ₹550. - Target: ₹753.00. - Stop-loss: Below ₹500 (to account for false breakouts).
NSE:LAURUSLABSLong
by VCharts_TA
Swing 1.The chart shows a historical performance of the stock, with significant volatility over the years. The stock experienced a major uptrend around 2006-2008, followed by a prolonged downtrend from 2008 to 2020. 2. Key Resistance Breakout The stock has recently broken above a long-term resistance level at approximately ₹65.76 (marked by the orange line), which has acted as a ceiling for price movements since 2009. 3. Current Momentum The stock is showing strong bullish momentum, with the recent monthly candle closing significantly higher (+30.97%) at ₹65.68. This breakout suggests a shift in trend, with the potential for further upside if it sustains above ₹65.76. 4. Volume Though not visible here, a breakout on higher volume would confirm stronger buying interest. 5. Outlook If the stock sustains above ₹65.76, it may aim for higher targets, potentially revisiting levels from the 2008 highs. However, a failure to sustain this breakout might lead to a retest of support levels around ₹50-₹55. This breakout on a monthly timeframe is significant and suggests a positive long-term outlook for the stock, provided the breakout is confirmed with follow-through buying.
NSE:OILCOUNTUBLong
by iamsaurabh533
SwingPrice Trend: The stock has been in a consolidation phase in recent years after recovering sharply from the COVID-19 crash in 2020. There is a noticeable breakout attempt above a key resistance trendline (orange line), indicating bullish momentum. Resistance Levels: The horizontal line at ₹1,350 represents a critical resistance zone. This level appears to have been tested multiple times over the past few years and has now been breached. Breakout Confirmation: The weekly candle has closed above the resistance line, indicating a possible breakout. The breakout suggests that the stock might rally higher, targeting the next projected level of approximately ₹1,850 (a 37% potential upside). Volume: The trading volume for the breakout week is relatively stable, though significant spikes in volume would further validate the breakout strength. 200 EMA Perspective: If included, the stock's 200 EMA (Exponential Moving Average) might be acting as support below current levels, providing bullish sentiment. Conclusion This chart hints at a potential bullish breakout from long-term resistance. If market sentiment supports this move, the stock could continue its upward trajectory. However, traders should keep an eye on the volume and watch for sustained closes above ₹1,350 to confirm the breakout.
NSE:EXPLEOSOLLong
by iamsaurabh533
SUPRIYA - CUP & HANDLE PATTERN BREAKOUT ON DAILY CHARTThe chart of Supriya lifescience shows a Cup and Handle pattern, a bullish continuation pattern suggesting the stock is poised for further upward momentum. Here's a detailed analysis: Prior Uptrend: The stock has displayed a strong uptrend leading into the pattern, which is essential for validating the Cup and Handle formation. This indicates bullish sentiment. Cup Formation: The rounded cup spans approximately 9 weeks, representing a phase of consolidation where sellers lose momentum, and buyers gradually regain control. The curve shows a smooth decline and recovery, signaling accumulation by strong hands. Handle Formation: After the cup's peak, a short-term consolidation below the resistance level forms the handle. This handle allows weaker holders to exit, reducing overhead supply and preparing for a potential breakout. The handle appears relatively shallow, which is considered a bullish sign. Breakout: The breakout above the resistance line occurs with a noticeable spike in volume, confirming buying interest and signaling the beginning of a new upward trend. High volume during the breakout adds credibility to the pattern. Target Calculation: The projected upside is calculated by adding the depth of the cup to the breakout level. Key price targets post-breakout are ₹744, ₹807, ₹850, and ₹900, marking significant Fibonacci or psychological resistance levels. Volume Analysis: During the breakout, volume surged significantly, validating the breakout strength. Declining volume during the handle phase further supports the pattern's reliability. Risk Management: A stop-loss can be placed below the handle support, around ₹645–₹650, to manage risk in case of a failed breakout.
NSE:SUPRIYALong
by Profit_Trader25
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
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