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Cupwithahandle

IDEA:CUP AND HANDLE FORMATIONThe NSE:IDEA is currently forming a classic Cup and Handle pattern. This bullish continuation pattern suggests a potential upward movement once the pattern completes and breaks out. Here's a detailed breakdown of the pattern and the trading strategy: 1. Cup Formation: The stock has undergone a rounded bottom, creating the "cup" part of the pattern. The left side of the cup was formed due to a decline in price, reaching a bottom before rising back up to the original level. This cup formation indicates a period of consolidation and accumulation, where buyers are gradually gaining control. 2. Handle Formation: Following the completion of the cup, the stock entered a small consolidation phase, forming the "handle." The handle typically slopes downward or moves sideways, showing a slight pullback. This pullback is generally short-term and should not exceed more than one-third of the cup's depth. 3. Breakout Point: The ideal entry point for traders is the breakout above the handle's resistance level. Traders should look for a significant increase in volume during the breakout to confirm the move. Target: The target price can be determined by measuring the depth of the cup and adding it to the breakout point. Target Price Calculation: Target Price: 25 Stop Loss: Place the stop loss below the lowest point of the handle to protect against a false breakout. Stop Loss Price: 15. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Always conduct your own research and consult with a financial advisor before making any trading decisions.
NSE:IDEALong
by VanshikaUdeshi
1
EUR/USD: Bullish - BAT + Cup with handleEUR/USD: Bullish - BAT + Cup with handle According to the harmonic figures (D/W): Bearish BAT detected! the price could go down to 1.07033 / 1.05263 / 1.01124 On the Chartist level: We are Bullish because in fact, the Wolf of Zurich has detected a cup with a handle or a cup of coffee. The price could break the polarity zone around 1.12 and reach 1.25649. The ROC is in divergence territory! And if it enters positive territory, the price can explode higher. Monitor exponential moving means 50 and 200 in Monthly!! Indeed, the 200 exponential moving average is around €1.16465. According to ICHIMOKU (Weeekly): A return to 1.05153 is possible Be careful. Happy trading to all
Long
by Le-Loup-de-Zurich
TRONUSD: Logscale AB=CD Looking to Play Out For a 2nd TimeThis is a Cup with Handle and an AB=CD at the same time that I posted before, but it was on the FTX chart and that one actually ended up playing out perfectly but on other exchanges TRXUSD just kinda sat here but now it's breaking out on a Monthly timeframe and it's starting to look like we will be getting the same performance we got on FTX on a more Global level so I'm just reposting it on a chart that's still alive since the FTX chart is gone. The MACD on the Monthly should also be going into positive territory very soon. Here is the link to the original setup: On another note, TRX recently reached the TP target of a more recent daily trend line trade, one could try to hold on for the bigger target presented on the monthly chart, or they could take some profits now given how much they are up. Here's a link to that setup:
KRAKEN:TRXUSDLong
by RizeSenpai
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.
NYSE:AMPSLong
by rossgivens
4
Dalmia Bharat Ltd - Short-term SwingDalmia Bharat Ltd - Short-term Swing 1. Cup with Handle pattern formed. 2. Once it crosses 1640 it will start firing... 3. Target will be 1980 to 2000 4. Between it has a resistance at 1800. 5. If the stocks move downwards, below 1470 we have a stop loss. 6. based on the market condition it will in a positive direction.... fingers crossed... Note: 1. I’m not a SEBI Registered advisor, my research is personal and for educational purposes only. 2. Always check with your financial advisor and take the trade as per your risk/reward ratio. 3. Follow me for more patterns and like, and share so that we feel it is helpful to many and share more patterns...
NSE:DALBHARATLong
by ravi15684
RELL Cup w/ Handle - Long TradeRichardson Electrics (RELL) makes components for microwaves, power grids, generators and data display monitors. The stock is a rare sign of strength in an otherwise abysmal market. RELL is completing a cup with handle pattern that began in January, and the stock is currently just 5% from new all-time highs. The relative strength line has been surging for the last 6 weeks. It now has an RS rating of 98/100 on MarketSmith. In other words, RELL is outperforming 98% of all other stocks. The volume up/down ratio is a bullish 1.39 and we have seen several high-volume up days over the last few weeks - a good sign that institutions are likely building positions in the stock. I've also overlaid the fundamentals at the bottom of the chart. As you can see, sales are growing at roughly 30% per quarter and profits are advancing at a triple-digit rate. RELL posted $0.25 EPS in 2021 and analysts are forecasting $0.91 in 2022 - a 264% increase year over year. I think RELL is a buy here. If you want further confirmation, wait to see if the stock hits 15.70 to make new all-time highs.The stop would be beneath the swing low at 13.35 for a 9% risk on the trade.
NASDAQ:RELLLong
by rossgivens
$KO / Long / Developing (but recommend reviewing the hourly)Worth checking the price and volume action on the hourly. Looks very constructive and is the reason I'm considering a very tightly managed, low risk trade. Scan Criteria Does this stock meet my custom 12 point scan criteria? Yes Structural Checklist 1. Can a proven price patterns be identified? Yes, CWH on the hourly and shelf on daily 2. Is the 50D SMA trending up? Yes 3. Has price moved >20% since its last consolidation? Yes 4. Is the weekly RS above its Zero Line? Yes, and printing new 10 week highs 5. Does price action suggest the stock is consolidating / digesting the recent price move? Yes 6. Is the price consolidation longer > 20 days? No, only 7 7. Has price volatility contracted from left to right? Yes 8. Has volume volatility contracted from left to right? Marginally 9. Are there visible signs of demand within the base? Yes 10. Are there visible signs supply has been absorbed? Yes Pivot Buy Point (Last 3 Bars) 1. Is there a visible Tight Zone? Yes 2. Have there been 3 Tight Closes? No 3. Has there been a Constructive 3 Bar Correction? No 4. Is there a Bullish Inside Bar? No AND 1. Has volume dropped dramatically? No 2. Can risk be managed under 8% in one of 3 ways? Yes Scan Score (Minimum 12/12) All Trading Dirty stocks have a Scan Score of 12 Structural Score (Minimum 7/10) 8.5 Entry Score (Minimum 1/4 then 2/2) 3
NYSE:KOLong
by TradingDirty
AUDIO/USD Cup With Handle sitting at the 61.8% Fibonacci RetraceI originally identified a Bullish Gartley on AUDIO a few days ago and we have since seen a decent reaction from the PCZ and now I have noticed that the Full Picture looks a bit like an even Bigger Bullish Setup; A Cup and Handle and right now price is sitting at the 61.8% retrace. It seems we may see prices between $7.60-$26.00 in the future. But i still will take some profits early at the targets provided in the original smaller 4 hour bullish setup which can be found in the related ideas tab below.
FTX:AUDIOUSDLong
by RizeSenpai