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Cupandhandlebreakout

EVERESTIND - Retest of breakout - low risk and high reward tradeEVERESTIND stock fell from its all-time highs and is currently trading near very strong support;  trend is positive. Because the stock has fallen sharply, wait for some evidence of strength before entering a trade. Do not enter a trade if you have not identified any signs of strength. This trade can be viewed as a retest of a breakout; it will be low risk and high reward trade. Please like it if this analysis was helpful to you, follow me for such analysis and share your thoughts in the comment section below. Thank you
NSE:EVERESTINDLong
by AfnanTAjuddin
Possible BOIL Cup and Handle in formation ENERGY PLAY LONGBOIL could be setting up a long continuation trade Now working on the handle. MACD shows the lines crossed while under the histogram is very often an excellent sign. Time will tell- My preferred trade will be call options expiring in late January or February. ( This is a triple-leveraged natural gas play with the upcoming winter heating season expected to be expensive especially in Europe. The inverse is KOLD which would be a good put option right now.) AMEX:BOIL
AMEX:BOILLong
by AwesomeAvani
Bharat forge cup and holderBharat forge Chart is making a Cup and holder on weekly time frame. it already shows a breakout Entry: near 847 to 860 Stop loss: 830 Target : 940 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning Eat🍜 Sleep😴 Job & swing Trade📈 Repeat🔁 Happy learning with Earning. Cheers!🥂
NSE:BHARATFORG
by Shivamtyagi06
Acuity Brands Cup and Handle Pattern Acuity Brands, Inc (AYI) is an industrial technology company. They provide lighting and building management solutions in North America and internationally. The company was incorporated in 2001 and is headquartered in Atlanta, Georgia. AYI is a component of the S&P 400 Mid Cap Index Market Cap: 5.968B Beta (5Y Monthly): 1.54 PE Ratio (TTM): 16.75 Average Volume: 277,357 (1) Cup and Handle (Bull Market Stats): Overall performance rank (1 is best): 3 out of 39 Breakeven failure rate: 5% Average rise: 54% Throwback rate: 62% Percentage meeting price target: The above numbers are based on 913 perfect trades. (2) AYI Daily Volatility (Standard deviation YTD): 2.20% Annualized Volatility (Standard Deviation YTD): 34.24% S&P 400 Mid Cap Index Daily Volatility (Standard deviation YTD): 1.59% Annualized Volatility (Standard Deviation YTD): 24.76% (The above were calculated using historical data) The data above shows the daily and annualized volatility for AYI and the index it is a component of. As you can see AYI has a higher daily and annualized volatility. This can be good or bad. Depending on the way the stock goes and your position. For this pattern, I would say this is a good thing - the pattern requires volatility to breakout and reach the price target. AYI has formed a cup and handle chart pattern. This pattern, as the name suggests, looks like the top ridge of a cup and the handle. The pattern forms as follows: price rise - left peak forms - price goes down at an angle and forms a trough - price rises again at an angle to form a peak. Sometimes, as in this case, the right peak may form a flag/consolidation pattern as well. The blue line on the chart above represents a line of support for the stock. The red box represents what could possibly be a previous cup and handle position. However, in this pattern and the one on the right, I'm not that convinced of their authenticity. The price rise before the pattern formations is not that convincing. I would ideally like to see an upwards trend for at least 3 months. The price has been in a downward trend YTD and then moving horizontally for nearly six months. However, this horizontal movement may be useful - if there is a upward breakout, the momentum could be strong. Cup and handle patterns are ranked 3/34 patterns - meaning when done right, the pattern can bring good performance. The Breakeven failure rate is 5% which is low and hence a good signal. The Throwback rate is 62% which may be a concern. Especially if the pattern is not that strong - as in this case. Totaling this all together, I would give this pattern a rating is 3/5. The ROI may not seem sufficient to justify a long position. Henceforth this is a riskier position. The main issues are: A previous cup and handle position formed before that did not breakout Lack of a strong upwards trend before the pattern formation The pattern duration is around 10 weeks. This is within the range of ideal 7 - 65 weeks, albeit at the lower end of the spectrum. The price target is the difference between the right peak and trough * the percentage meeting price above: $204.54 From the current price that represents a 9.13% ROI. Macroeconomic considerations: Interest rates are rising and so will inflation. We are most likely already in a recession. I would not be concerned about this for this trading idea. This will most likely be a short-term trade for a couple of weeks once the stock breaks out with a close above the trendline. Fundamental analysis: Since this will be a short-term trade, I did not find the need to include any further research- the next earnings is not until January so no concerns. References: 1 finance.yahoo.com/quote/AYI ​2 thepatternsite.com/cup.html
NYSE:AYILong
by BlackbearTrader
Deep Industries Limited - Cup & Handle Breakout📊 Script: DEEPINDS (DEEP INDUSTRIES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: N/A 📊 Sector: Energy Oil Gas & Consumable Fuels 📊 Industry: Offshore Support Solution Drilling Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Already crossover in Double Moving Averages. 📈 Volume is increasing along with price which is volume breakout. 📈 Script is giving breakout of Cup & Handle pattern. 📈 Current RSI is around 72. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 297.95 🟢 Target 🎯🏆 - 340 ⚠️ Stoploss ☠️🚫 - 274 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂
NSE:DEEPINDSLong
by radha_23
TSLA breaks above Cup and HandleAs shown on the daily chart TSLA started the cup of a cup and handle pattern in early May and completed the cup in mid-August The handle then formed. Central to the trading of the cup and handle is that upon clearing above the price level of the top of the cup, the stock will begin bullish continuation. TSLA is now at the top of the cup and potentially in continuation. Setting a buy stop slightly below the current price with a stop just below the top of the cup at perhaps $306 would seem to be a low-risk long trade setup.
NASDAQ:TSLALong
by AwesomeAvani
AMPS - Cup w/ Handle Breakout BuyAMPS is coming out of a textbook cup with handle pattern, triggering a buy here. AMPS is somewhat of an under-the-radar solar stock. Unlike most solar companies which make panels, chips, or mounting systems for customer-owned solar energy systems, Altus is an electric utility company whose power comes exclusively from solar generation. I actually prefer the names that don't already have a million eyeballs on them. EVERYONE is watching ENPH, FSLR and the other big solar names. But AMPS is setting up to be a big mover. The 200-day moving average is finally turning up, signaling the beginning of the stock's first Stage 2 uptrend. If this is indeed the beginning of a new stage (see my previous post on the 4 Stage of the Stock Cycle), there could be massive upside from here.
ALong
by rossgivens
4
Will TSLA have a bloodfree September?NASDAQ:TSLA On the 2 Hr chart, TSLA seems to be forming the handle of a cup and handle pattern started back in April. The MACD shows K/ D signals about to cross under the histogram while the 'RSI oscillator shows no divergence that would suggest a reversal of the downtrend. So, will the pattern be intact and TSLA have a good September with bullish continuation or instead will there be more blood in the street for September and TSLA continue on its downtrend? What is your opinion
NASDAQ:TSLA
by AwesomeAvani
2