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Cupandhandlepattern

GOLD, XAUUSD LONG TERMDirectional Bias: Bullish Pattern Type: Continuation Pattern Description: This pattern occurs within the context of a longer uptrend and is characterized by the price forming a u-shaped cup with a short handle on the right. The duration of the cup should last at least 7 weeks if using a daily chart. Volume Description: Volume will typically follow the shape of the cup, with high volume as the left lip forms, falling volume as the bottom of the cup forms and rising volume toward the right lip and on the breakout. Breakout Confirmation: A close above the upper trend-line drawn across the handle with above average volume. Measuring Technique: The price target is obtained by measuring the right lip to the bottom of the cup and then added to the price level of the right lip. Statistical Notes: The pattern has a low failure rate but doesn’t move as strongly as other patterns. Patterns with shorter handles perform better than longer handles, and deeper cups with the left lip slightly higher than the right lip perform better.
OANDA:XAUUSD
by King_of_Bitcoin
Sundaram Clayton Rounded Bottom formationStock looks to have completed Expanding Triangle pattern in wave 4 and have bounce after taking support near 3700. On longer term horizon stock is making rounded bottom pattern which after completing should make cup and handle pattern. Wave 5 targets Entry and stop loss as per charts. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my research. You are advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description.
SLong
by Niftydirection
VIPIND - Cup & Handle Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months 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:VIPINDLong
by TradewithAditya
PRICOL | Retest Support Candidate after ATH BO |Buy for 60%NSE:PRICOLLTD Pullback candidate to retest support after Multi-Year Cup & Handle Bottom Breakout Stock making Consistent Higher High & Higher Lows Consistent Buying in last 12 months Did not fall in recent correction of Dec'21 & Jan'22 signals strength & potential new market leader Buy on any correction B/w 125-110 Return Potential : 60%(Min) Targets : 146 - 156 - 173 - 186 SL : 100 Golden Cross Over Monthly & Weekly RSI>60
NSE:PRICOLLTDLong
by manuvsingh
INDIANBANK -Potential Cup & Handle formation + Ascending ChannelThe analysis is done on weekly TF hence price may take few weeks to few months 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:INDIANBLong
by TradewithAditya
UNIONBANK - Retest of CUP & HANDLE breakout - Swing tradeThe analysis is done on weekly TF hence price may take few weeks to few months 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:UNIONBANKLong
by TradewithAditya
INDIAN OIL CORPORATION INDIAN OIL CORPORATION 1- making perfect cup and handle formation 2- 125-127 is the demand and supply zone that has played its role many a time looks at the chart for more clues 3- if we consider harmonics as well in this chart it is making perfect w pattern consider the leg of xb as 0.50 (though on the chart it is 0.531 , we can consider it as 0.50) 4 so that targets are coming close to 137-140 range 5 Most important with recent swing to recent swing high if consider as per the Fibo also it is has done its 0.50 retracement which is sign a healthy retracement so putting all the points in consideration i am personally bullish in these stocks - only the closing above 127 all the above explanations are as per my understanding Note:- I am not a SEBI Registered analyst. we do not recommend andy buy or sell, in case you wish to do so consult a financial advisor first we shall not be responsible for any of your losses and profits Do comment on the chart and let me know in case you wish to learn more on charts Thank you
NSE:IOCLong
by helloindia123
1