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CUP

Bowl pattern breakout Chaman Lal Setia Exports Limited (CLSE) was incorporated in Amritsar, Punjab in 1994 by Mr. Chaman Lal Setia and his sons. It’s one of the oldest Rice Millers cum Exporters of Basmati rice of all varieties from India. The company is engaged in the business of milling and processing basmati rice. The company has been involved in export operations since 1982 and was recognized as an export house by the Ministry of Commerce in 1989, at present the company is a Star Export House. Why this stock at trending reason below Why is there a rice shortage? Bad weather in rice-producing regions around the world led to a drop in rice production in 2022. In 2022, parts of China known for producing rice were hit by devastating flash floods. At the same time, different parts of China that also produce rice were impacted by severe drought. 1000cr+ market cap company PE ratio 9.03 industrial PE 39.9 (low PE value) 20+ both ROE & ROCE EPS 22.8 Debt to equity ratio 0.2 PEG RATIO 0.38 Quick ratio 1.65 Current ratio 4.27 Fundamental is strong Technical analysis Life time high level treading 2year required complete Bowl pattern and breakout at level 150-155 level sentimental resistance of 150 breakout out now create one Bowl at level of 200 breakout locking take new high of 280+ keeping stop loss of 160 below get target of 280+
NSE:CLSELLong
by investigationofchart
INTC - Bullish CUP (and handle?)INTC first broke out of it's base neckline @30.50 (as well as it's 200 day Moving Average) on 29 March. However, its movement has been very erratic since. Last Friday's post earning's strong gap up changes the picture considerably IMO as it has now completed a "CUP" formation (a bullish pattern with higher odds of success). 2 possible scenario could happen next: 1. it breaks out of the CUP with hardly any pullback (ie no "handle" being formed) or, 2. it begins to from a "handle", which is likely to be a shallow 38.2% fib retracement towards 34.90 where it fills the recent gap. This level is just arbitrary but in any case, a pullback would provide a less risky opportunity to long (or add to) the stock with a stop just slightly below 33 (61.8% fib retracement). When the stock eventually breaks out of $39, then the next target @ $43 is in sight, although expect it to move in a zig zag fashion up. p/s targets are for shorter term traders, who may prefer to take profits and look for opportunity again during the next pullback. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:INTCLong
by Juliac
🔥 Bitcoin Bullish Cup & Handle Pattern: Wait For Confirmation!BTC saw two huge bearish and bullish moves over the last two days. This morning, BTC found resistance around the most recent local top around 27.5k and corrected downwards. Assuming that the most recent minor low of 26.4k is going to hold, a bullish cup & handle pattern will likely form on the chart. Keep in mind that this pattern has not yet been confirmed. It will be confirmed once the price will break through 27.5k, will will also activate the trade. Target placed at the 2023 top area of 31k for a decent 2.9 risk-reward ratio.
BINANCE:BTCUSDLong
by FieryTrading
18
🔥 Bitcoin Cup & Handle: Patience For Break Out ☕BTC has been forming a cup & handle pattern over the last couple of days. Note that the pattern is not finished yet, so we can't be certain whether it's really a cup & handle, but we can at least prepare for it. I'm waiting for BTC to break through the top yellow resistance area. A break out through there will confirm the pattern and will likely result in a bullish break out. 31k is my short-term target. Patience is key.
COINBASE:BTCUSDLong
by FieryTrading
17
FISV - Cup formationFISV peaked @ 125 on Feb2020, then went into consolidation and retested this level more than a year later in Apr2021 (surpassing by HKEX:2 +). The breakup of Cup-1 failed and this time FISV went into a 2 year consolidation (forming Cup-2). It now looks ready to revist this neckline (125 - 127) in the coming weeks. I suspect the odds of a successful break up this time is higher as since hitting the low in June 2022, FISV has shown good relative strength to SPX as it began to rebound (despite it's volatility, including a brief plunge in March brought on by the fear from Silicon Valley Bank's collapse). I might consider to test a small amount now (with initial stop just under 115) and look to add if it managed to break up above 127 successfully (ie having a "close" above the neckline for more than a few days). Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie positions sizing, stop loss etc) is important! Take care and Good Luck!
FLong
by Juliac
Grab a Cup of Coffee We'll Handle ThisA cup and handle formation is a technical pattern that can be found in financial charts. It is considered a bullish pattern, meaning that it may indicate a potential opportunity for a price increase. The pattern is named after its resemblance to a cup with a handle. The cup portion of the pattern is created when the price of an asset forms a rounded bottom over a period of time, followed by a pullback that forms the handle. The handle is usually a smaller, downward-sloping price movement that retraces a portion of the cup's advance. Traders often look for a cup and handle formation as a signal that the price of an asset may be poised to break out to the upside. However, it's important to note that technical patterns are not foolproof and should be considered in conjunction with other forms of analysis. If you have identified a cup and handle formation in a chart and believe it may be an opportunity, it's a good idea to confirm your analysis with other indicators or signals before making any trading decisions. Additionally, it's important to always practice proper risk management and consider factors such as your investment goals, time horizon, and overall market conditions.
Long
by xuk1
XAUUSD TripleMonthly Technical AnalysisXAUUSD TripleMonthly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Cup and Handle, TrendLines - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
FXOPEN:XAUUSD
by BahamasX
DX1! Weekly Technical AnalysisDX1! Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Confluence, Cluster, Fibonacci, Pitchfork , Cup and Handle - Hope it Helps, Good Luck DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
ICEUS:DX1!
by BahamasX
#1INCH : Looking for a mid term profitable run.As many of as know $1Inch is one of the crypto projects which didn't show a real pump while many of the crypto space showed a good momentum by the new year. Technically speaking with a pumping RSI movement, a good volume momentum, a cup and handle pattern formation which basically is a bullish one, Super Guppy showing a reversal favor for bulls. If it can keep above the current resistance level both in the mid term and longer term fib levels this is going to work out really well. Current Price : $0.52 Distribution Areas : Target 1 : $0.68 Target 2 : $0.90 Target 3 : 13X to 15X minimum for long term hodl. Disclaimer: The opinion expressed here is not an investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of #AbaNefsoBulls and its subsidiary community #CTE rather it is authored and complied by its founder. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose. With Regards. Nathnael B.
Long
by cryptotalk_et
Are rabbits the new dogs ? LTRBT/USDThis has had a good week, and this being the year of the rabbit its got good meme potential right now. i think its possible we get some kind of cup and handle pattern forming at the previous high and then a big move up, its been around a while , i think it started out as spunk bunny or something and pumped on an Elon Musk tweet, since then theres been a migration and this is the first decent move its made since then, worth keeping an eye on and maybe try to snag a small bag if it makes a cup handle . really you'd want to see the handle stay in the top third of the cup
LLong
by Spocks-Beard
2
SPY Weekly 01/13/2023 Testing TrendOn this Weeklty SPY ETF chart (SP500 Proxy), we see the upper trendline on the bear trend (yes i made it green sorry) is being tested and spiking it again. This has repeatedly resulted in a rejection. CPI came in sorta inline which gave a little boost this week, but bank earnings disappointed when you look in the line items of the reports. This is an inflection point for markets. PE dont support these levels, so I am in the bear camp and do expect to see low 3200-3300 SPX by middle to end of 2023. I have to add that I do find the fact this last rally started before retracing to lower trend, and now looking like a cup (maybe building a C&H?), we need to watch that as well.
AMEX:SPY
by Markets-Sniper
2