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Cupandhandlebreakout

$LEMONTREE - Cup with handle BOAs seen on the chart, NSE:LEMONTREE has formed a nice U-shaped Cup, The stock was in an uptrend before forming Cup Took 38 weeks to form the complete pattern. 27 weeks for Cup with a correction of ~27% 11 weeks for Handle with a correction of ~10% Volume dried up during the initial part of the cup and handle. But was good when coming out of the cup and also at the BO of the handle. There is a high probability that this pattern will be successful. With regard to quarterly results, Total revenue was INR ~222 crores, which increased 16.8% year-on-year. The net EBITDA margin in Q1 stood at ~47% The PAT grew by 103% year-on-year from INR 13.6 crores to INR 27.5 crores. Disc - invested, for educational purposes only Another similar setup was with Finolex Cables and Va Tech Wabag Ltd
NSE:LEMONTREELong
by shridharrathi
1
Cup & Handle Breakout: Bullish Measured MovePrice target 4575 based on extension from bottom of cup to rim. Breakout above rim is bullish and high probability of further extension. Bottom of cup 4330 to rim 4455 = +125, target ~4575. Move can come fast. Shorts beware. NB: Chart patterns are often DECEPTIVE and MISLEADING. DYODD! A pullback to fill the open gap is very likely. Closing the gap may spark further rally towards target price. FOMC rate hike next week could be catalyst to crush this rally, risk is high for all positions!
TVC:SPX
by DaddySawbucks
28
NIFTY - Cup and Handle Breakout on Weekly T/FNifty has broken out of a Cup and Handle pattern on weekly timeframe after consolidating around the resistance area of 18600. Going by the depth of the cup, we can estimate a target range of 21000 to 22000 in the coming months along with minor corrections on the way. Broadly, 18600 should be the strongest support for the rest of this year. With the softening of inflation in US and a possible Fed decision to pause interest rate hikes, an extended bull run on the index cannot be ruled out.
NSE:NIFTY
by BrahmaBull31
Cup & Handle Breakout in USDJPYUSDJPY did breakout from cup and handle formation at 138 zone. The price retraced toward the breakout zone and was hovering sideways for 8-10 trading sessions before finally pushing on the bullish side (on the US Dollar). The price seem to have completed the retracement after the breakout at 138 zone and looks ready to continue upward in the direction of the breakout. Longs can be initiated on the USDJPY pair for 148.85 as the measured move target. SL below 138.40. Note, BoJ may come to interrupt the bullish flow of this chart once again, so be nimble and prepared to reverse positions upon any plausible bearish central bank action.
Long
by vipulmehta817
6
Learn How to Trade Cup and Handle (rare but profitable pattern)☕ If you are studying a price action, you should definitely know Cup and Handle formation. Being applied properly, it can generate big profits. In this educational article, I will teach you how to identify this pattern. We will discuss its psychology and I will share with you 2 trading strategies. 📏And let's start with the structure of the pattern. The pattern has 3 important elements: Cup - long-term correctional movement that tends to move steadily from a bearish trend to a bullish trend. Handle - short-term correctional movement with signs of bullish strength. Neckline - upper horizontal boundary of the pattern - a strong resistance that the price constantly respects. ⚠️Being formed, it warns you about a highly probable coming bullish movement. The trigger that confirms the initiation of a bullish wave is a breakout of the neckline of the pattern and a candle close above. Here is the example of a completed C&H with a confirmed neckline breakout, indicating a highly probably coming bullish movement. Depending on the preceding price action, Cup & Handle Pattern can either be a trend-following or reversal pattern. 📉If the pattern is formed after a bearish impulse. It is considered to be a reversal pattern. Here is the example of a reversal C&H that I spotted on EURUSD. 📈If the pattern is formed at the top of a bullish impulse, it is considered to be a trend following pattern. Here is the example of a trend following C&H that I spotted on GBPJPY Index. The thing is that while the price forms the C&H, buying volumes are accumulating. Even though, buyers are hesitant and reluctant initially, their confidence grows, and the accumulation leads to explosive neckline breakout. There are 2 strategies to trade this pattern. ✔️Strategy 1. That approach is quite risky, but the reward can be quite substantial. You should monitor the price action when the price is forming a handle. Occasionally, the price starts trading in a falling channel: parallel or contracting one. Your trigger will be a bullish breakout of its resistance and a candle close above. Once the violation is confirmed, you can buy aggressively or set a buy limit order on a retest. Stop loss will lie below the lows of the channel. Target will be the closest key resistance. Here is the example of the handle being a falling channel. 📍Strategy 2. Wait for a breakout of a neckline of the pattern. Once a candle closes above that, it will confirm the violation. Buy the market aggressively or set a buy limit on a retest of a broken neckline then. Stop loss will lie below the lows of the handle. Target will be the closest key resistance. Here is the example of the trade based on a confirmed breakout of a neckline of C&P on NASDAQ Index. Applied properly, the strategies may reach up to 70% win rate. As always, the best pattern will be the one that forms on a key level. Try it, test it, and good luck in your trading journey. ❤️Please, support my work with like, thank you!❤️
OANDA:XAUUSDEducation
by VasilyTrader
9
TSLA Cup & Handle Bullish ContinuationTSLA as shown on the 60 minute chart has been in a cup and handle since the last earnings report. Trading volumes increased then and the print is a gradual downtrend reversed to a gradual uptrend then the handle formation and finally the breakout above the lip of the cup. TSLA and Ford this week announced collaboration on a charging network primarily with Ford customers getting use on existing TSLA stations and both companies expanding the network. Perhaps this mutually benefits both companies. China holding interest rates and perhaps lowering them more easily allows financing of new Telsas in TSLA's biggest market. Based on the technicals about the cup and handle and the height of the cup. the pattern which has good reliability predicts bullish continuation of $40 upside. In consideration of this I will take a trade of an additional 2 contracts ( strike $180 Exp mid November).
NASDAQ:TSLA
by AwesomeAvani
This specialty packaging co. looks to be moving to Stage 2!The company is a producer of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging of toothpaste, personal care, cosmetics, pharmaceuticals, household and industrial products. • World's largest global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space with units in ~10 countries. Key Financials: • Total Revenue for latest quarter increased ~13% YoY • Net Profit for latest quarter increased by >73% YoY • TTM Net Profit margin increased from ~5% to ~8% Red Flag Check: • Promoter holding in the company has almost stayed constant at ~52% with insignificant pledging • Debt:Equity ratio is <0.5 with ~5x interest coverage • Stock is not under any exchange surveillance lists Key Technicals: • Stock has broken out of 1-year stage 1 consolidation zone with heavy volumes • Stock has broken out of a cup-and-handle formation • Stock is showing higher relative strength compared to benchmark index Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:EPLLong
by PratikThakkarCO
This auto components company is in the breakout zone!The company has over 6 decades of experience in auto components manufacturing • Business is diversified across Two Wheelers, PVs, CVs Off-Highway and Farm Equipments • Also supplies to Major EV OEM’s globally • Has diversified Product Portfolio – Gasket & Heat Shields, Forgings, Suspension Systems, Anti-vibration Products & Hoses Key Financials: • Total Revenue for latest quarter increased ~18% YoY • Net Profit for latest quarter increased by >34% YoY • TTM Net Profit margin increased from ~16% to ~17% Red Flag Check: • Promoter holding is decent at almost ~58% • Debt:Equity is good at about 0.27 with sufficient interest coverage of ~7x • Stock is not in any of the exchange surveillance lists Key Technicals: • Price is in a steady uptrend and has broken out of a cup and handle formation with heavy volumes • Strong relative strength compared to benchmark index • Price is nearing its all-time high zone Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:TALBROAUTOLong
by PratikThakkarCO
Cup and Handle Breakout by 2025?: Bitcoin, Gold and Silver ReadyThrough meticulous analysis, the three charts displayed side by side present a captivating comparison between silver ( TVC:SILVER XAGUSD), gold ( TVC:GOLD XAUUSD), and Bitcoin ( BNC:BLX BTCUSD). Spanning from the 1970s to the present day, these charts provide a comprehensive view of the remarkable journeys undertaken by these assets. The first two charts depict the price movements of silver and gold over the course of five decades, while the third chart illustrates the relatively short but remarkable trajectory of Bitcoin since its inception in 2010. What immediately catches the eye is the astonishing pace at which Bitcoin has achieved in just 13 years, what took silver and gold a staggering 53 years to accomplish. However, the most striking aspect that commands attention is the unmistakable presence of a colossal "cup and handle" pattern, poised to complete its formation within the next two to four years. This pattern has been dissected into five distinct phases, revealing intriguing similarities across all three commodities. 1/ The initial phase witnessed a rapid surge in prices for all three assets, setting the stage for what was to come. 2/This was followed by a minor correction before another sharp increase in price. 3/ Subsequently, a prolonged period of slow and gradual correction ensued, testing the patience of investors. 4/ However, this was eventually followed by a steady bull phase, characterized by sustained upward momentum. 5/ As the cycle neared completion, another corrective phase emerged, followed by a steady rise once again. (Note: This phase is marked by a smaller cup and handle forming within the larger cup and handle, with completion at around the same time). The question that naturally arises is: what lies ahead? Will there be a breakout to the upside after the completion of the cup and handle formation, expected to materialize within the next two to three years? The simultaneous indication of such a breakout across all three commodities is undeniably intriguing and warrants further exploration. Furthermore, as we examine the intriguing cup and handle formations across silver, gold, and Bitcoin, it is crucial to take into account the profound shifts occurring in the global economic landscape. The traditional dominance of the petrodollar is facing significant challenges, with emerging trends indicating a potential end to its reign. BRICS nations, for instance, are increasingly engaging in domestic currency transactions, bypassing the need for the U.S. dollar as a medium of exchange. The advent of Central Bank Digital Currencies (CBDCs) across numerous nations have introduced a new dimension to the evolving financial ecosystem. As these digital currencies gain traction, they have the potential to reshape the dynamics of international trade and cross-border transactions. This transition towards CBDCs further underscores the changing paradigm of global finance. However, it is important to acknowledge the mounting tensions and conflicts that permeate the geopolitical arena. Wars, both physical and cyber, as well as potential hacking scandals between nations, have the capacity to disrupt and fracture the fabric of the current economic climate. These events have the potential to cause significant fluctuations in financial markets, including the prices of silver, gold, and Bitcoin. When analyzing the broader financial and economic landscape, it is essential to consider the interplay between political developments, economic policies, technological advancements, and market dynamics. Geopolitical shifts and power realignments among nations can have far-reaching implications for asset valuations and investor sentiment. In conclusion, as we explore the cup and handle formations in silver, gold, and Bitcoin, we must recognize the wider context of global transformations. The potential demise of the petrodollar, the growing influence of domestic currency transactions among BRICS nations, the rise of CBDCs, and the geopolitical tensions reshaping the world order are all factors that can significantly impact the future trajectory of these commodities. It is within this intricate interplay of forces that we seek to discern the catalysts that will drive potential breakouts and subsequent price movements. As the global economic landscape continues to evolve, adaptability and astute analysis remain essential for navigating the uncertainties and seizing opportunities in the ever-changing financial markets. Disclaimer: Keep in mind that market predictions are about as reliable as a weather forecast in outer space. Use this analysis as a conversation starter, not as financial advice. Investing in cryptocurrencies carries risks, so do your homework and make informed decisions. Remember, no crystal balls here—just a pinch of insight and a dash of caution
TVC:GOLDLong
by Sikbh