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Cupandhandlepattern

Prob Cup & Handle pattern,TWL Stock is waiting for breakout WK?There is a high probable Cup and Handle pattern forming in Weekly Chart. 123.90 was the 23 Apr 2018 High, from that level Stock started falling. After 4 year, in Jan 2022 it again came to that level & got rejected. Now again stock came to that level which gives an idea that bulls are interested & bounce back very quickly, even made new high of 127.65 but couldn't sustained. That's why breakout was not confirmed, when ever it break that level with good candle and volume we can take long position by keeping proper stop loss and risk reward. We can see major trend line which further confirms bulls are in control in the recent weekly, So watch out for that trend line also, if it break that support, then we may see down trend or consolidation phase. If any one taking long position 89 will the strict SL. Fundamentally stock is not that much strong, so deploy capital based on risk apatite. Targets are given the charts, Technically stock has a potential to reach 220 plus. Before that it has to cross mentioned target first. This is just a view not a recommendation to trade. Do your own analysis before taking any trade. NSE:TWL
NSE:TITAGARH
by KaravaliTradingZone_Official
GRP Ltd Weekly Cup and Handle Breakout & all time high breakout?Recently we can see a Cup and candle Formation(5 years), and this week, cup and handle pattern broken with maruboze candle which is supported by good volume. supporting this pattern , now its all time also broken and formed new high of 1914.70. For the further upside movement its should break 1915 properly in a weekly chart, then is can go till 2840 range at the same time 1815 must act as Major support if it is a genuine breakout then we can keep SL of 1700. Technically Stock is having potential to reach 3000 range. Situation 2: If it is coming for retest then 1600 should act as major support and good chance to enter by keeping SL below 1430 ( Less Risk Takers) and for risk takers 1195 will the SL. Share your opinion in the comment section. This is just a View not recommendation to trade, Do your own analysis before taking any trade. NSE:GRPLTD
NSE:GRPLTDLong
by KaravaliTradingZone_Official
BIRLASOFT SHORT POSITIONHello Everyone, Yesterday, I shared NIFTY IT chart which looked bearish and today, everyone had seen the fall. TCS has new 52 week low. I am sharing one of the IT Stocks today as well which has bigger chances of falling down in the upcoming days. "BIRLASOFT" If you look at the daily timeframe of this stock, clearly you can see CUP&HANDLE Pattern. Bearish move has already been started. Next support is at 305.15. If stock breaks this level, then we will see more downfall of BIRLASOFT. Targets are marked on the charts. Please check and let me know if you have any view on this. Thanks!
NSE:BSOFTShort
by TP2094
Hindustan UnileverThis stock has given good breakout from cup-n-handle chart pattern on hourly and inverted head and shoulder chart pattern on daily, along with good intensity of volume. As per previous price actions support and resistances areas & depth of cup pattern and also depth of head pattern, all are co-incidentally matching with trend based fib extension target levels up to 2750-2900. One can go long at current levels or in dips (yes possible) On the way down 20DMA and RK's stop line can provide good support now, which are pegged near 2278 - 2280 areas. Inverted head and shoulder chart pattern breakout on daily chart price action scenario along with Fibonacci extension levels Breakout with good intensity of Volume Cup n handle pattern breakout on weekly RSI cup-n-handle chart pattern breakout on hourly chart Price support resistance areas and trend based fib extension levels RSI double breakout on daily chart and now above 60 & 70 levels. RSI double Breakout on weekly chart and now above 60 levels. MACD in weekly positive and now above zero line. MACD in daily chart positive and now above zero line. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
NSE:HINDUNILVRLong
by RK_Chaarts
13
Lal Pathlab Inverted cup and Handle Breakout, Retesting completeDear All, As an investor you need to know only 2 things :-) Clear entry point and Clear Exit point so that you make maximum profits... I work on simple principle of high risk is to reward ratios min 1:10... My all analysis are basis the the same principles. 1) Clear Entry Point 2) Clear Exit Point 3) You should know the top 4) High Reward is to Risk Ratio (min 1:10) ______________________ Instrument Name :DR LAL PATHLABS LTD Formation : Inverted Cup and Handle Trendline Rejection : Yes Status : Breakdown Given, Formation Retested Crucial Entry Point : Anytime now Target 1 : 1977 Target 2 :1468 I am not sebi registered user, trade as per your judgement and knowledge.... Regards Gautam Khanna
NSE:LALPATHLABShort
by Gautamkhannq
ABB - Cup & Handle Breakout - Swing tradeThe 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:ABBLong
by TradewithAditya
Coromandel - Cup and Handle - MACD - LongCoromandel has given a breakout for cup and handle pattern. For the benefit of those who are new, it is a bullish pattern. On 29/6/22 it has given a MACD breakout with good volume. It is followed up by cup and handle breakout on 4/7/22, the breakout has happened with good volume as shown in the chart. On next day it has retested the breakout level and today it has closed above the breakout. The cup has a depth of 254 points, the handle is having a depth of 83 points... which is almost 1/3rd of the cup's depth. Which I feel is ideal. Target: Breakout point is 970, target is +254 that is 1224. 52w high is 999, it may face resistance there. Stop loss: Low of the handle - 885 In present volatile market, you ride with the trend carefully! Risk Reward is almost 1:4 Plan your risk management properly!
NSE:COROMANDELLong
by wfhmom07
USDCAD: CUP & HANDLE BREAKOUTThe 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. Duration: The cup can extend from 1 to 6 months, sometimes longer on weekly charts. The handle can be from 1 week to many weeks and ideally completes within 1-4 weeks. 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. TRADING STRATEGY: Buy USDCAD on cmp , add on dips , keeping SL of 1.2900 look for the target of 1.3400/1.35300
Long
by TradingSutra
Cup and Handle Pattern in Hourly TFLevels and Ideas given in the Chart. Keep Patience and trade with reversal or Breakout strategy near POC level. Try to understand psychology of market. If you like the idea, do not forget to support with a like and follow. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing. #supportandresistance #volumeprofileanalysis #stockmarketindia #banknifty
NSE:ASIANPAINTLong
by Ami8singh
Trend line breakout formed in DEVYANI INTERNATIONAL !!! (NSE)On one hour time frame trend line breakout is formed in DEVYANI INTERNATIONAL. We can take long entry in it at 154 with a stop loss of 149 and target of 170. 1:3 R:R is possible easily. Also we may see the formation of cup and handle if small correction happened. In that case we can take entry after breakout at 157-158 with stoploss of low formed during handle formation. Here volume is great at time of breakout and RSI is also above 60 indicates the strength in stock. NSE:DEVYANI
NSE:DEVYANILong
by adillshaikh
2