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Cupandhandlepattern

NIFTY METAL - Just a viewKey highlights: 💡⚡ 📊 Currently CNXMETAL trading at level 6027 and 6019 is its support level which is also cup & handle neckline which may work as support line. 📊 If it is breaking support level one can go for SHORT into METAL sector. IF SUPPORT LEVEL IS BREAK THEN ONLY GO FOR SHORT TRADE. ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy Navaratri 🕉️ 💃🏻🕺🏻 Happy learning with trading. Cheers!🥂
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by radha_23
SUNPHARMA: Cup and Handle BreakoutTrading Strategy : Stock has given a breakout of the formation of cup and handle . One should buy the stock near the current level i.e. 912 and keeping a stop loss of 856 , look for the target of 1050-1115 which is the measured target zone.. Buy: 912 Stop loss : 856 Targets: Tgt 1: 1050 Tgt 2: 1115 Theory: The 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. Volume: There should be a substantial increase in volume on the breakout above the handle's resistance. 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.
NSE:SUNPHARMALong
by TradingSutra
20
Possible Cup and handle Breakout in ICICI SecStock has given breakout from its cup and handle pattern with good volume in Daily time frame. If stock is coming for retest its previous resistance of 540-530 should act as immediate support. For further upside movement, stock has to close above 557. All the possible targets are marked on the chart. Maintain strict stop loss at 490. This is just a view, not recommendation to trade. Do your own analysis before making any investment. Do like and share this idea and share your opinion in the comment section. NSE:ISEC
NSE:ISECLong
by varun_devadiga
Cup and Handle pattern is seen in Bank nifty today againWhat is a Cup and Handle Price Pattern? The cup and handle is an accumulation buying pattern, which is found during long periods of consolidation, and can lead to powerful explosive moves once the pattern is fully completed. What is a Symmetrical triangle pattern? A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. We can see both Cup and Handle and Symmetrical triangle pattern seen in Bank nifty again and ready for breakout/down. Or Market can make a Head and shoulder pattern (another shoulder is in formation) ... lets see Please see earlier idea published on Aug 26 for similar patterns.
NSE:BANKNIFTY
by AdhigamaTrading
4
KPIT - Ascending Triangle + Cup & Handle Breakout 📊 Script: KPIT (KPIT TECHNOLOGIES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY500 📊 Sector: Information Technology 📊 Industry: Computers - Software & Consulting Cup & Handle Breakout Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages is also giving crossover. 📈 Volume is increasing along with price. 📈 Script is giving Trendline + Ascending Triangle + Cup & Handle Breakout as shown in chart. 📈 Current RSI is around 67. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 605 🟢 Target 🎯🏆 - 684 ⚠️ Stoploss ☠️🚫 - 574 ⚠️ Disclaimer: DowJones & NASDAQ futures down more than 1% due to US. AUG INFLATION AT 8.3 % V 8.1 % EST. Take position according to your comfort level and conviction. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:KPITTECHLong
by radha_23
4
Possible Cup and Handle Breakout in L&T Finance HoldingStock has given breakout from its cup and handle pattern with good volume in hourly time frame. Now stock is retesting its previous resistance of 84-82. For further upside movement stock has to close above 85.80 All the possible targets are marked on the chart. Maintain strict stop loss at 78. This is just a view, not recommendation to trade. Do your own analysis before making any investment. Do like and share this idea and share your opinion in the comment section. NSE:L_TFH
NSE:LTFLong
by varun_devadiga
6
MCDOWELL - Triangle pattern + Cup & Handle breakout - SwingThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:UNITDSPRLong
by TradewithAditya
Possible Cup & Handle Pattern Breakout in ATUL LTDCup & Handle Formation signs: 1. Volume dry-ups near the lows of the price pattern. 2. Big volume spike on reversal of price pattern. 3. Volume dry-up on the price pull-backs. 4. Improving Relative strength. 5. Tight areas in price pattern under accumulation. 6. Trading above 200 MA How to trade it? 1. Watch out for Volume percent change on pivot breakout. 2. The day's volume should increase at least 40% to 50% above average. 3. Stoploss below the low of the handle. Entry - Breakout of Pivot Stoploss - 8760 (Below low of handle) Target - 11000 (Depth% of cup) Would like to thank William J O'Neil for explaining this beautiful pattern. Thank you Saurabh Yadav
NSE:ATULLong
by shadowthenoobtrader
3