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Cupandhandlepattern

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
MAHINDRA & MAHINDRA - Great opportunity - Swing Trade/InvestmentThe 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. For broader view - see this image 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:M&MLong
by TradewithAditya
INFO Edge (NAUKRI): Cup with Handle patternINFO Edge (NAUKRI): Cup with Handle pattern - Strong trend and strong closing with heavy volume. Buy between 5870 to 5890. Please trade with SL. Trail stop. Remember position sizing. Always respect Risk. Disclaimer: This idea is posted for educational purposes only. I'm not a SEBI registered advisor. Please consult your certified financial advisor before trading/ investiong. The trading rules I live by are 1. Cut losses. 2. Ride winners. 3. Keep bets small. 4. Follow the rules without question. 5. Know when to break the rules. - Ed Seykota
NSE:NAUKRILong
by rajesh066060
2
'ELECON' ready to switch 'ON' 💡💡 !!!!On daily basis, 'Elecon' has given a breakout from an inverted head and shoulder pattern which was under construction since November with buzzing volumes. On weekly basis, a breakout of cup and handle pattern is visible with rising RSI also RSI has breached above 60 which is a positive sign. On monthly basis, a breakout of 'N' pattern is visible which signifies the strength i.e. after retracement it is still giving a breakout. Here, RSI took support at 60 and witnessed the breakout. NOTE:- the only sign of caution is that spinning top is visible and RSI has reached resistance level on daily charts, also dividend is pending, so there is a chance of retracement on daily basis hence, try to accumulate near breakout level.
NSE:ELECONLong
by Chaser30
Bank Nifty break up Here i am back with a new idea on BankNifty and you can see it has a Cup and Handle pattern that give you a uptrend but market trend is up so be it can be a buy and the target 1 is Rs .36854 and target 2 is Rs .37719 and rsi also indicate uptrend and my opinion is it will go up and also the target is too high that why it cann be fail so be ready for exit on target another wait fo target 2 Hope you like this idea and pls like and follow me Good bye tarde on our own risk bye Comment Stock name which you want my analysis Good bye.
NSE:BANKNIFTYLong
by TECHDARSHRESEARCHER