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Cupandhandlepattern

Is $CPRX ready to break out of its cup and handle?Notes: * Strong up trend * Okay earnings track record * Basing for the past ~8 weeks * Pulled back to its 10 week line and managed to hold it as support creating a cup and handle pattern * Printed a pocket pivot near its 50 day line offering an early entry and indicating institutional demand Technicals: Sector: Healthcare - Biotechnology Relative Strength vs. Sector: 23.86 Relative Strength vs. SP500: 4.28 U/D Ratio: 1.21 Base Depth: 45.07% Distance from breakout buy point: -18.82% Volume 14.75% above its 15 day avg. Trade Idea: * You can enter now as the price is rising with higher than average volume off of its 50 EMA * Another reason for entering would be that it printed a pocket pivot * If you want to play it a bit safe you can wait for a break out of the indicated channel and the 14.3 area since that may serve as immediate resistance
NASDAQ:CPRXLong
by HaseebKhan_90
CAKEUSDT | Wave Projection | Bull Look SMA20 GoldenX 200 TP+50%Price action and chart pattern trading: > The leading diagonal wave with a possible bullish explosive move +50% based on CUP & HANDLE pattern > The current ENTRY ZONE is considered a strong support at the channel with SMA 20 / 50 golden cross SMA200 > Target CUP & Handle @ 1.618 Fibonacci extension from A diagonal uptrend wave $7.000++ zone. > RSI bullish above 50 and MA line, MACD above base and signal line > Watch out for dump & pump move Always trade with affordable risk and respect your stoploss, nothing is 100%!
Long
by dukeposh
Praj Industries Ltd - Cup & Handle + Ascending Triangle Breakout📊 Script: PRAJIND (PRAJ INDUSTRIES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY500 / NIFTY INFRASTRUCTURE / NIFTY SMALLCAP 📊 Sector: Industrials Capital Goods 📊 Industry: Engineering & Construction products Time-Frame : Daily - Ascending Triangle Breakout Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover . 📈 Double Moving Averages also giving crossover . 📈 Volume is increasing along with price which is volume breakout. 📈 Script is giving breakout of Cup & Handle + Ascending Triangle. 📈 Current RSI is around 64. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 443 🟢 Target 🎯🏆 - 500 ⚠️ Stoploss ☠️🚫 - 414 ⚠️ 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:PRAJINDLong
by radha_23
6
KPIT - Ascending Triangle + Cup & Handle Breakout📊 Script: KPIT (KPIT TECHNOLOGIES LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY500 📊 Sector: Information Technology 📊 Industry: Computers - Software & Consulting Cup & Handle Breakout Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages is also giving crossover. 📈 Volume is increasing along with price. 📈 Script is giving Trendline + Ascending Triangle + Cup & Handle Breakout as shown in chart. 📈 Current RSI is around 67. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 605 🟢 Target 🎯🏆 - 684 ⚠️ Stoploss ☠️🚫 - 574 ⚠️ Disclaimer: DowJones & NASDAQ futures down more than 1% due to US. AUG INFLATION AT 8.3 % V 8.1 % EST. Take position according to your comfort level and conviction. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅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:KPITTECHLong
by radha_23
4
Large Cap Tech Earnings Disappoint (Short Position Active)Yesterday, we finished with a nice green Bullish candle ahead of Google and Microsoft's earnings. Shortly afer the bell, Google fell about 6% and Microsoft around 2%. That's not catastrophic in any way, but it will be difficult for the markets to continue to rally without their participation. And that was only two out of the five large tech companies that make up about 20% of the S&P. So what could happen today? I'd be looking for an inside candle, Doji like candle bouncing in between 3865ish-3835ish and tomorrow will tell us more the direction of the market. Now, don't get me wrong, this upward trend we have has been improving, with now only 66% of stocks below their 50 day and 34% above the 20 day. But this upward trend is looking more to be like an ABC correction to me. A few weeks ago I posted an idea that we were forming a cup and handle pattern and if you take a closer look, it's somewhat playing out. It's not the most attractive cup and handle, but it's there. If you think about it, we've had about an 18% downward move since about August, so we were do for some type of correction. These are characteristics of bear markets. And even if we break out above the 50 day, I'm not immediately changing Bullish. Counter Trend Break outs are not ideal. Especially when we still have a declining 50 day. Overall, tomorrow is going to be more of a critical day after we hear from the other three tech giants. If this cup and handle pattern plays out, I could see some significant downside in the coming weeks. I did enter a short position yesterday. Nothing too aggressive, as I want to see how these next couple days play out. If this decides to roll over, than I'll continue to add to my short position. Position size accordingly, risk manage, be patient and stay disciplined. Happy Trading!
SP:SPXShort
by MMOTA_
Is $PI ready to break out of its ~10 month cup and handle?Notes: * Strong up trend on higher time frames * Excellent earnings track record * Basing for the past ~10 months * Forming a cup and handle pattern while basing * Printed a pocket pivot signal, indicating institutional buying * Volume on the daily and weekly time frame seems to be increasing as well * Strong resistance around the $90 area Technicals: Sector: Technology - Communication Equipment Relative Strength vs. Sector: 6.75 Relative Strength vs. SP500: 17.9 U/D Ratio: 1.09 Base Depth: 137.32% Distance from breakout buy point: -10.12% Volume 79.85% above its 15 day avg. Trade Idea: * You can enter now based on the pocket pivot signal * Or given the market conditions you may wait for a break out of the handle as indicated or even a break above the $90 area
NASDAQ:PILong
by HaseebKhan_90
1
ALKYL AMINES, TRADING AT MA100!!1. MA 100 is giving a very good support for alkyl. 2. one thing to note is it is forming a cup and a handle pattern, with the neckline drawn. 3. the stock has not given any returns, from past 6 months. 4. on 1st of august, the stock broke the trend line, to give a breakout, but it was not much effective, and from that period the stock is in a range. 5. have a look on MACD, there's no big bars as much RESISTANCE LEVELS ARE DRAWN, ONE CAN AIM FOR THE STOCK TO GO UPSIDE ALL OVER TILL 4382
NSE:ALKYLAMINELong
by raghavchoudhary2016
Cup and Handle Complete? About and week and a half ago, I published an idea saying that we could be forming a cup and handle pattern. Jobs report came out October 7th and we gapped down. To be honest, I was still expecting a little more upside to about 3850 or just base at 3800 for a couple more days to complete the cup and handle pattern I was looking for. So that gap down wasn't ideal for the cup and handle pattern. CPI report came out Oct 13th and it got ugly at the open finishing off the day with the most impressive day not seen in about 40 years. Many think, that was the end of the Bear market. And look, yes that was a Bullish reversal candle, but it didn't sell me enough because it brought us right back to the very weak 3600 area. Friday, October 14th, was going to tell if that rally we had on Thursday was real. We gapped up and gave back almost half from Thursday gains. We have to remind ourselves that in bear markets, you're going to get aggressive rally's. I'm still expecting the VIX to get to 40 and possibly even get to 50. That would be the pivot point for me, then, I would expect a multi day rally and get bullish. When will this happen? Not sure. But I anticipate by the end of the month we arrive to 3400. Maybe even 3200, days before the mid terms. The selling could continue for a couple more weeks I think. Only time will tell. Remember, don't predict, react. Mange risk and be patient for the right entries.
SP:SPXShort
by MMOTA_