Get started

Cupandhandlepattern

$TATAPOWER - Cup with handleAs seen on the chart, NSE:TATAPOWER has formed a nice U-shaped Cup, The stock was in an uptrend before forming Cup (up 27% recent bottom) Took 51weeks to form the complete pattern. 47 weeks for Cup with a correction of ~25% 4 weeks for Handle with a correction of ~6% Volume dried up during the first part of the cup. 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 recent results, Total revenue was INR ~15000 cr, 2% Y-o-Y and 18% Q-o-Q. EBITDA at 3005 cr, 43% Y-o-Y and -3% Q-o-Q. PAT at 1141 cr, 29% Y-o-Y and 22% Q-o-Q. (after exceptional items) 15 consecutive quarters of PAT growth (Y-o-Y) NSE:LEMONTREE 's pattern is still in progress Disc - invested, for educational purposes only
NSE:TATAPOWERLong
by shridharrathi
$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
New bull market in Gold As per my Elliot Wave* analysis, Octobers low may mark the the mid-term bottom for gold and price has started to work on building the right hand side of the cup. As long as 168 holds, I would expect the price to move towards next important resistance area 194-200 area. Ideally build a hand of the cup after reaching that level and break-out above 194 towards important next targets: 212-224-230. Also notice the "Mona Lisa" of cup-and-handle pattern in GLD on a monthly time-scale The symmetry and volume dynamics, that subsides in the handle area, is almost picture perfect. Trading thesis : I will be looking for price to digest its rally from Oct lows, preferably around 177-180 area, creating a cheat pivot and relatively low risk entry point. This entry, if materializes, may create a good long-term opportunity to build position for the coming 2024 and potentially beyond. * Important caveat to EW: I use it solely to have a subjective idea about sentiment and overall structural context to support, but not guide, my investing decisions. Price and volume is the key, and only price pays, not the fibonacci resistance or any wave count.
AMEX:GLDLong
by artemfedorov
Lagger that refuses to fall and dreams about greatnessThe world's largest producer of nickel and palladium has had rather lackluster performance in 2023 advancing half as the general Russian Index. And still I cannot get over his accurate price structure that hints that better days are potentially ahead. I want the price to start forming the right side and later the handle of a cup, and break out above important Sep'22 and Sep'23 high - 17240 area. If price will not be able to hold Sep'23 15730 low, I would want the area above 15250 and 200D line to act as support. Bellow this levels the analysis is to be considered wrong and invalid. Trading thesis : cow-boy type longs (higher failure risk) may be considered above 16430 area with 3 and 5% stop levels.
RUS:GMKNLong
by artemfedorov
Russian Energy Sector play for Q4'23-Q1'24IRAO has very nice wave pattern and proper reaction to every relevant zone of support and resistance measured by fibonacci levels. It is yet hard to be sure that corrective wave iv has ended and the price is already on its wave to higher resistance zone, but on cannot fully negate this either. Trading thesis : Until price is bellow Sep's high 4.65, move deeper into support zone 4.24-4 is possible. If price manages, to move decisively above 4.55 and 4.65 with volume confirmation, longs with 3-5-7% staggered stops are strategy that I may utilise, expecting the price to move at least to 4.90-5.25 target resistance zone.
RUS:IRAOLong
by artemfedorov
AVAX Bullish Cup and Handle 🚀🚀🚀Bouncing Back: AVAX recently faced a formidable resistance zone that tested its mettle. However, instead of succumbing to the pressure, it resiliently rebounded, signaling strong buying interest in the market. 📊 The Cup and Handle Formation: What's catching the attention of traders and analysts is the unmistakable Cup and Handle pattern taking shape. This pattern typically consists of a rounded bottom (the cup) followed by a consolidation period (the handle) before a potential breakout. In this case, it's a bullish signal. 🏆🚀 Why It Matters: Cup and Handle patterns are often seen as bullish continuation patterns. The breakout from the handle portion indicates a potential price surge, making it an enticing prospect for traders and investors. 📈 Trading Strategy: Confirmation: While the pattern looks promising, it's vital to wait for a clear breakout from the handle before considering entry positions. Risk Management: Use risk management strategies, like setting stop-loss orders, to safeguard your investments. Fundamental Analysis: Keep an eye on AVAX's fundamentals and any news that could impact its price. Conclusion: The crypto market is full of opportunities, and AVAX's Cup and Handle pattern is one of the compelling stories unfolding right now. However, it's essential to approach trading with diligence and caution. The bullish signal provided by this pattern can be exciting, but remember that markets can be unpredictable. Stay informed, stay patient, and adapt your strategy as needed. As the saying goes, "fortune favors the bold," so seize the opportunity but do so wisely. ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
TONUSD - Could be building nice Weekly Cup-and-HandleWhile it is to early to suggest, that price is prone to the break-out above 2.60 pivot. It fine to acknowledge this potential, due to favourable price and volume profile. Notice the prevalence of good weekly closes on a substantial pick-up in volume in comparison with down weeks being on much lesser volume week by week. It is yet to early to suggest the three weekly lower-lows is enough for the handle in the cup to form, but until price holds 10w MA, I am willing to consider this bullish potential. Trading thesis: I would wait for the proper pivot to emerge on the daily time-frame (preferably around 2.6 level), before establishing any positions. Although cowboy-type traders may consider any low-cheat pivot around 2.16 area to be actionable with proper risk-management tactics and discipline.
Long
by artemfedorov
I'm i the only one seeing this on EurJpy? But what's your view??I'm just learning how to be a profitable intra day trader, I've been a swing trader before now but I've not been profitable with it but I've marked this up for months now and I can see that its following through, but I can see its entering a major resistance zone, so I'm telling you, if it can break through, we're still on a buy on EurJpy. But I stand to be corrected though, let me know your views to learn from you. Thanks.
Long
by GideonSmith
How To Identify and Trade a Cup & HandleThe Cup & Handle Pattern: A Comprehensive Guide to Continuation Mastery In the vast realm of technical analysis, the Cup & Handle pattern emerges as a brilliant beacon of insight—an extraordinary exemplar of a continuation pattern that elegantly unveils the ongoing momentum within an established trend. Its inherent elegance lies in its unparalleled ability to furnish traders with a tangible roadmap, skillfully guiding them through the intricate symphony of price action. As we embark on this enlightening journey of exploration, we shall unveil the multifaceted layers of the Cup & Handle pattern. Our expedition involves an in-depth dissection of its core components, a profound interpretation of its implications, and an unveiling of the critical elements that lend credence to its presence. 1. Cup Formation: The Artful Pause That Speaks Volumes Nestled at the heart of the Cup & Handle pattern is the captivating creation of the cup formation—a graceful curve that mirrors the contours of a masterfully sculpted cup. This stage encapsulates a momentary respite, a purposeful consolidation within the overarching trend. It embodies a pause that echoes the collective sentiment of market participants, offering a tangible representation of forces seeking equilibrium. The gentle curvature of the cup resonates with the rhythm of the market, seamlessly weaving together the intricate interplay between demand and supply. 2. Handle Formation: The Prelude to Anticipation Following the organic embrace of the cup, the handle formation emerges—an intriguing prelude that tantalizingly hints at the future. This segment assumes the shape of a concise consolidation, often resembling a brief pullback or a tranquil sideways drift. The handle, akin to a contemplative interlude in a symphonic composition, captures a moment of introspection. It's akin to a traveler pausing at a vantage point, surveying the terrain before embarking on the next phase of their journey. During this introspective intermission, market participants recalibrate their strategies, absorbing insights for the forthcoming movement. Interpreting the Pattern: Guiding Continuation with Finesse The Cup & Handle pattern serves as a reliable navigational instrument within the ongoing narrative of a trend: • Bullish Narratives: In an upward trajectory, the Cup & Handle encapsulates the very essence of continuity. It signifies the unwavering persistence of the prevailing uptrend, elegantly supported by the inherent flow of the pattern's organic formation. Validation Through Breakout and Volume: • Breakout Confirmation: The core of the Cup & Handle pattern's credibility hinges upon the breakout above the handle's upper boundary, often referred to as the resistance level. This pivotal juncture serves as a luminous beacon, illuminating potential entry points and validating the pattern's existence. • Volume as a Harmonic Undertone: Volume analysis lends a harmonious undertone to the pattern's melody. Attentive observation of volume trends during the cup and handle stages adds a resonant chord. Heightened volume during the cup formation, followed by a gentle cadence during the handle, amplifies the pattern's authenticity. • Projection and Beyond: Navigating the Path Ahead • Projected Price Targets: Peer into the future by projecting potential price targets above the neck line breakout. The symphony of Fibonacci levels—62%, 79%, 100%, 127%, and 162.7%—composes a harmonious ensemble of potential completion points. • Harmonizing Analysis: Synthesize your findings with the broader market landscape. Overlay auxiliary technical tools, such as support and resistance levels, to orchestrate a harmonious fusion of analysis and fine-tune your trading decisions, • As we voyage further into the intricate domain of technical analysis, the Cup & Handle pattern takes on a persona beyond mere lines on a chart. It becomes a living embodiment of the intricate dialogue between market psychology and the ebb and flow of price dynamics. In your arsenal as a trader, it functions as a steadfast compass, guiding you with its radiant light through the intricate labyrinth of trends. This is your roadmap to navigating the captivating odyssey of continuation. "Cup & Handle Unveiled: Mastering Continuation Strategies with TCPLTP"
Education
by TradeChartPatternsLikeThePros
1
TOMO. Cup is Hot. The Handle is heating.Hello friends! I've seen your interest on my previous BINANCE:TOMOUSDT analysis and wanted to keep you updated on the lower TF. As my account is young, I have only 7 points of reputation, I cannot add pictures to my comments. So I decided to just put this in a new post. As I've mentioned previously, we've hit the Entrance zone at $1 and went back up to $1.07 with a big Volume. That's a Great sign! The Buyer is there. However, for the Big upward move we need all the doubting people, thinking it's a selloff to get out. As always. That's why I'm guessing we've entered into the +- weekly long consolidation with the lowest point of 0,87-ish within a 0.9-1.1 range . You can either trade within this range or just buy some bags at around 0.9 (Or DCA from 1.01 to 0.87) and wait for the tip of the handle at 1.62, Or wait for this figure to play out with the big gainz. Can't wait to be able to post updates with pictures. -A.I.Vision
TLong
by A_I_Vision
8