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Cupandhandlepattern

Vodafone Idea - The Myth BusterWhen it comes to stocks from the Small / Mid Cap category (or) especially from the Penny Stock section, I see everyone shivering in fear to take entries. Even if they take entries boldly, when they see a fall, they start to shiver and exit in Panic either in minimal Profits or sometimes even in Loss One such "Mythical" Stock is Vodafone Idea. Almost no one talks positive about it, and every fundamental investor is strictly against it Let me ask you All 1 question - if this stock is so fragile / so risky / so unpredictable - then why don't we see "erratic patterns" on charts ??? Shouldn't there be sudden spikes and sudden falls ? I don't see any such thing.... i.pinimg.com On Weekly: The price is going thru a Beautiful Cup and Handle pattern, but is just unable to break out of 19 levels despite 3 attempts - Why ? On Daily: The answer to the above question lies within the Daily timeframe chart. From when it first touched 19 level in early 2024, till now, the price is actually forming an Inverted Head and Shoulder Pattern which is embedded within the Handle portion of C&H Based on Support and Fib levels, the price WILL take U turn from 15.5 (Fib 0.5) or 14.6 (which is much strong Fib 0.618 Golden Ratio - combined with Strong Support as well) Fresh entries / Averaging can be done around 15.5 (light) or 14.6 (heavy) once bullish reversal signal is seen Targets still intact 19, 24, 30 ------------------------------------------------------------------------------------------------- True story.... When I was in 3rd grade, playing and running with my friends a stray dog chased me and scratched me on my back. I didn't know whether it bit me or just nails I was so scared to tell my parents as I was afraid of the infamous 24 or 36 injections around the belly button - back those days....But friends told my mom and she rushed me to hospital and Dr confirmed that it's just a nail scratch not a bite and 1 injection was enough But until I was grown up, the sight of any dog would scare me to death.... A loud bark would give me shivers. When I learnt how to control dogs and how to pet them, the fear is gone Unfortunately, this is exactly what we are passing on to our next generations We might have been attacked or even bit by a dog (Penny stock or High Beta Stocks) but what is the Learning you are passing on ? To run away from them ? Remember - if you run away from a Dog it will Chase you.... If the answer is still to run away, then sorry my friends - you haven't learnt anything from your bad experience. You may run away from a Penny stock today, but if similar instances and issues arises on the likes of Yes Bank, ICICI (Kocchar scam) or Varanium Cloud - are you prepared to handle them and what do you pass on to your next generation ??? The Chart 📈 is my Magic Butter Biscuit 🍪. It can TAME any Dog Learn to Ride the Tide, irrespective of its Side and Size Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:IDEALong
by Stocks-n-Trends
2
BTC Potential Repeat Cup and HandleI sense a big cup and handle forming so I'd like to point it out early. The depth of the cup would put the price action at the 2.618 extension. This would also align with and be a third touch in a rising non horizontal resistance. I see a lot of similarities with the 2017 top and the breakdown that followed. SMA 50 crossed the SMA 100 at almost an identical spot in 2017 to mark the bottom of the trend. Not financial advice. Just wanted to share my outlook in an increasingly fearful market. Dont get rekt. Use cold storage. GL NFA
COINBASE:BTCUSDLong
by BallsOfSteel32
2
BITCOIN FORMED CUP AND HANDLE PATTERNThis is the same as in 2014-2015-2016, in 2016 there was a halving and the bad news was that Bitfinex was hacked which caused prices to fall and mass panic selling. And happen again in 2022-2023-2024, in 2024 Bitcoin Halving and a lot of bad news including the German Government and Mt.Gox selling Bitcoin and the price dropping to the $53K- GETTEX:54K area. 1st idea: going to $SWB:69K-$70K (Cup and Handle resistance area) if breakout = valid 2nd idea: going to GETTEX:64K - FWB:65K then dump to $50K then pump again.
BITSTAMP:BTCUSDLong
by EternalGatesCorp
Gold Bullish 6 Year OutlookPast chart history shows gold price went into a bear market from 1980 to early 2000's and again in 2011 to 2020. Currently, we are trading in the bull cycle which lasts on average 9 to 10 years. Analysts, projected a price of gold to hit 2500 by the end of this and we seem to be right on track. Price is trading inside of a bull flag where buyers and sellers are repositioning themselves. What will drive the price of gold higher by the end of this year? What about the year after that and so on? Looking back further on the weekly chart a cup and handle technical pattern is breaking out. Projected price of this breakout caps out at around 3010. Will be interesting to see if and how the price action of this commodity will reach 3k by 2030.
COMEX:GC1!Long
by supertokki52
Advanced Entry setup on Advanced Enzyme Ltd.Advanced Entry setup for Advanced Enzyme? ABOUT Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally. FUNDAMENTAL Since we are looking at the weekly chart, it becomes very important to check the fundamentals. • Company is almost debt free. • Company has been maintaining a healthy dividend payout of 20.9% • OPM % increasing you • Cash Flow positive • FII and DII increasing shareholding. TECHNICAL • On a weekly TF, we can see a cup and handle pattern and the formation is completed. • Increasing volumes are increasing the chances of a breakout • RSI is at 60, indicating a potential buying strength and is not overbought. • Trading above 50, 100 and 200 EMA indicating bullishness. ENTRY, EXIT, TARGET, STOPLOSS - If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout. - If you are a risk averse trader then buy some at breakout and more at retest. - The safe buying zone is above 424 and little aggresive players can add above 410. - Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350. - Target 1 is 480, Target 2 is 570 Happy Trading :)
NSE:ADVENZYMESLong
by rohix
Advanced Entry setup on Advanced Enzyme Ltd?Advanced Entry setup for Advanced Enzyme? ABOUT Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally. FUNDAMENTAL Since we are looking at the weekly chart, it becomes very important to check the fundamentals. • Company is almost debt free. • Company has been maintaining a healthy dividend payout of 20.9% • OPM % increasing you • Cash Flow positive • FII and DII increasing shareholding. TECHNICAL • On a weekly TF, we can see a cup and handle pattern and the formation is completed. • Increasing volumes are increasing the chances of a breakout • RSI is at 60, indicating a potential buying strength and is not overbought. • Trading above 50, 100 and 200 EMA indicating bullishness. ENTRY, EXIT, TARGET, STOPLOSS - If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout. - If you are a risk averse trader then buy some at breakout and more at retest. - The safe buying zone is above 424 and little aggresive players can add above 410. - Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350. - Target 1 is 480, Target 2 is 570 Happy Trading :)
NSE:ADVENZYMESLong
by rohix
CAVA Cup & Handle Breakout TradeHappy Tuesday everybody, the stock caba is set to make a breakout of a base soon and I'm going to make a play on it to see if I can catch that move doing a buy to open and setting my stop loss below Monday's low. This stock is part of the consumer cyclical sector which has been performing well possibly because of pending interest rate cuts leading to increased consumer spending with credit cards but I'm not really sure if that's the cause.
NYSE:CAVALong
by PappyTrading
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
SOLANA is Bullish now & many Traders don't see it !!Hello! BINANCE:SOLUSDT SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ❗ Note that if the cup and handle is broken down with the power of descending candles, our analysis will fail. 🤑 Stay great my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
Long
by CobraVanguard
1
#ETH: ACCUMULATE HERE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! ETH is currently trading around $3500 level. As you see in the chart, it is currently trying to form a cup and handle-like structure in the daily time frame where the cup is completed and now the handle is forming. IMO, this is the best time to accumulate more and more ETH here. However, we might see some more drop from here up to the $3300 level but once it starts its reversal it won't give you the chance to enter. So the best way is DCA(Dollar Cost Averaging). Overall it looks bullish to me and soon we will see a good pump in the whole market. As of now, the market is just testing your patience. So keep calm and hold your positions. Buying range:- $3200-$3500 Target:- $6k-$7k Invalidation:- Weekly close below $3200 Let me know your thoughts in the comments below!
COINBASE:ETHUSDLong
by CoreCrypto1
NFL :ATH/ CUP BreakoutNFL 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 NFL's ATH price + 4% (155.15) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (124.00) or Weekly Swing Low Targets: First Target: 232.30 (Fibonacci 1.618 level) Second Target: 283.70 (Fibonacci 2 level) Third Target: 418.20 (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:NFLLong
by lalitcpanchal