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Cup And Handle

NetflixNearby support is 660 and resistance is 680. Price can move within this range till it gains strength. Also the price is forming rounding bottom or triangle and trying to move up. Buy above 674 with the stop loss of 669 for the targets 679, 684 and 689. Sell below 658 with the stop loss of 663 for the targets 653, 649 and 642. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NASDAQ:NFLX
by vanathi
Bharat Dynamics (BDL): Cup & Handle or VCPBharat Dynamics which was already in nice uptrend has currently taken a pause. When it was move up, it formed big range candle with big volume (in May month), then when it halted, its first pulled back with lower volume. Whenever there is green candle, there is big volume and where there is red candle there is low volume. Volume completely dried at second pullback, it means less and less supply is coming, supply is getting absorbed. So could be the short term trading good opportunity.
NSE:BDLLong
by Pranam18
Spotting a Bullish Opportunity: AVAX/USDT Cup and Handle PatternI recently identified a classic Cup and Handle pattern in the AVAX/USDT trading pair, which is now breaking out and currently undergoing a test of the breakout level. This pattern suggests a potential price target around $34. The chart shows the cup formation, followed by a brief consolidation (the handle), and now we are witnessing the breakout. The price is testing the breakout level, which is a critical phase before the expected upward move. Stay tuned and watch for this potential price relief rally in AVAX/USDT!
Long
by ArslanIftikhar
NEXT Cup & HandleHello again thank you for checking out my trade idea in next decade. We see a nice cup and handle base forming prepared to break out into a new high. I've set my stop loss just below 3 candles ago and my entry point to open my position 1 cent above a swing high. I will take off 25% of this position once I reach a one-to-one risk reward ratio and then move my stop loss up to my entry point. If the stock continues to rise, I will adjust my stop loss accordingly on a daily basis in a manner that will be triggered if the uptrend is broken. If we see slow movement up, I will move my stop loss up slower, if we see fast movement up, I will move my stop loss up quicker. Let me know if you have any questions or concerns or if you're interested in energy stocks like this at the moment since semiconductors seem to be and a little bit of a sell off right now.
NASDAQ:NEXTLong
by PappyTrading
2
LICHSGFINLICHSGFIN is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Entry: Enter a long position at LICHSGFIN's ATH price + 4% (825.75) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (660.60) or Weekly Swing Low Targets: First Target: 1,170.20 (Fibonacci 1.618 level) Second Target: 1,402.75 (Fibonacci 2 level) Third Target: 2,011.50 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:LICHSGFINLong
by lalitcpanchal
2
S&P 500 Cup and HandleOn the above 4-day chart price action has corrected 10% from the 4600 summer high to find support on the Golden ratio. A remarkable moment now exists to have long exposure. Why? 1) RSI and price action resistance breakouts. 2) Support on 2022 resistance. What a signal! 3) The Cup and Handle pattern confirmation is textbook. The handle breakout follows strong buyer demand on the Golden ratio. This only happens in a technical bull market. 4) The sentiment, overwhelmingly bearish. The Put/Call ratio (2-week chart below) tells us dumb money is massively short. Retail traders have not been this bearish since the Covid correction of 2020. March 2020 was the buying opportunity of a lifetime. November 2023 will be the next date history records as an opportunity no one saw coming. Cough.. 5) The target is straight forward enough. The depth of the cup is taken from the bottom of the handle to measure the target. 5500 sometime in 2024. 6) Gold bugs, seriously? If this happens.. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: Trade (not investment, will explain why elsewhere) Risk: The farm and your neighbours farm. Timeframe for long: Remainder of year. Return: 30% Monthly Put/call ratio
SP:SPXLong
by without_worries
84
Mohit Industries - A buy on Dip candidateHello everyone , I am here with a new power pack stock with a cup n handle chart pattern breakout named MOHIT INDUSTRIES (NSE). technical view The stock has given a good Breakout in weekly as well as in monthly Time Frame with good intensity of volume. the stock have sky touch as the breakout is followed by an Extreme Bullish Chart Pattern i.e Cup N Handle. CUP N HANDLE EXPLAINATION Cup N Handle is a chart pattern which is mostly used for bullish road map of the stock. How it is formed - generally the stock have a huge fall from its high and the stock floats is a range for many years say 4 to 6 years or more, it forms a cup like structure and after that the stock explodes as there is an assumption that there might be the accumulation in the past 4 to 6 years when the cup was forming. Targets as per Cup N Handle -- The targets usually comes three times the target of cup. Elliot Wave View- - the stock is looking in its impulse wave (1-2-3-4-5) - In that impulse it might have entered the bigger wave 3rd - the minimum target as per wave 3rd is 1.618 of trendbased fib which is around 48 rs. - but as per cup n handle it can be extended and might give targets of 72 and 95 as well. conclusion the stock looks in its bullish phase, the stock can b lookout for upside mentioned targets with mentioned stop loss on chart itself. one can add at every dip also till stock is above Stop Loss line. Disclaimer I am not SEBI registered. consult your financial advisor before any kind of investment. All the studies and ideas posted here are for educational purpose.
NSE:MOHITINDLong
by KARANN_DINGRA
GULFOILLUBE Buy active above ATH / CUPGULFOILLUBE Buy active @ 1,144.00 and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Buy active at GULFOILLUBE's ATH price + 4% (1,144.00) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (915.20) or Weekly Swing Low Targets: First Target: 1,546.45 (Fibonacci 1.618 level) Second Target: 1,822.40 (Fibonacci 2 level) Third Target: 2,544.80 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:GULFOILLUBLong
by lalitcpanchal