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Cup And Handle

Cup and Handle kind of structure forming in Nifty. Nifty has given a good closing despite ending below the weekly high today. This week's high that Nifty achieved was 24857 while the closing is at 24677. The closing is substantially above 50 Week's EMA at and 50 days' EMA which is at 24396. this should be considered good reversal signal subject to we get a closing above 24857 within next week or the week after. FIIs selling has diminished and buying has emerged. There was little bit of DII selling seen on the browsers indication a little bit of profit booking or sectoral rotation. If you look at the chart a prominent structure of cup and handle is emerging which is again indicative of a positive indication. Those who are sitting on cash can slowly start building positions. The support for Nifty remain at: 24396 Strong support (Mother line of Daily chart) , 23882, 23340 Very strong support (Mother line of weekly chart), 23194 strong support (Mid channel support), If there is some adverse local or global news out of the blue all of a sudden as there is a substantial fall in unlikely circumstances the channel bottom support seems to be at 21229. (Highly unlikely scenario). The Resistances of Nifty Remain at: 24857 strong resistance (Weekly High), 25377, 25827 (Strong resistance), 26277 (Previous high and very strong resistance). Once we cross and get a weekly closing above 26277 in a long term the next strong resistances will be at 27269 (Cup and handle top and very strong resistance). Channel top in the long run 4 to 9 months from now seems to be at 27801. To know how to read charts and to know about Happy Candles numbers, parallel channel and my famous Mother, Father and small child theory read my book THE HAPPY CANDLES WAY TO WEALTH CREATION available on Amazon. The link to purchase the book is at the bottom in the signature section of the chart. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment
IDUSDT: Bullish Breakout or Panic-Inducing Breakdown?Yello, Paradisers! Are you ready for a major move on IDUSDT? If you’ve been keeping an eye on this one, you might be in for a game-changer! 💎IDUSDT is approaching the resistance trendline, forming a classic Cup & Handle pattern—and we’ve got a bullish divergence in play. 💎If IDUSDT breaks and closes a candle above the resistance zone, it will confirm the Cup & Handle pattern, significantly increasing the odds of a bullish reversal. This could be your signal to ride the wave up! 💎Now, if we get a pullback, don’t panic. We’re eyeing a bounce off the support zone. But for a safer bet and higher probability in our favor, we need to see a bullish I-CHoCH in lower timeframes for confirmation. 💎On the flip side, if the price breaks down and closes candle below the support zone, that’s a red flag. It will invalidate our bullish scenario altogether. Be patient, wait for the right confirmation, and avoid emotional decisions. Smart trading is about following the strategy and never rushing the market. Stay sharp and disciplined, Paradisers! 💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
8
POV : Angel One : Bullish : Cup and Handle PatternPOV : Angel One : Bullish : Cup and Handle Pattern Chart Reading: 1. Cup and Handle Pattern Completed Today (5th December '24) 2. Daily and Weekly Trend and Momentum are bullish. Concern: 1. Range Expansion so SL will be far. 2. Short Term RSI in Overbought Zone so expecting pullback soon. Action Plan : I will take Half R at Entry, Half R will be added either POA or Pullback zone. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:ANGELONELong
by kzatakia
2
BTC: This May Be Your Last Chance Before Exploding to Upside !! Last year, when I was analyzing this, I wondered if Bitcoin could return to its golden days. At that time, Bitcoin was at $30K , and I was hopeful that good days would come again. Now that Bitcoin has surpassed $80K , I realized that our collective thoughts drive momentum in everything. We had hope , and this hope turned into reality. Now I hope Bitcoin will also reach $100K . Technically, if this weekly candle closes, it can be said that Bitcoin has successfully broken this cup and handle pattern, and after that, it can reach higher prices. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
AI Pattern Recognition Bot: Triangles, Cup and HandleH ello, This is what my AI pattern recognition bot came up with: AI recognized the following chart patterns: Triangle (White and Blue), Cup and Handle (Green) Computing Resistances: Local Top - $3700 (Red), Triangle Tops - $3900-$4000 Potential Trade: Long until the psychological resistance at $6000 Target Price (Cyan): $6000 Stop Loss: Triangle Breakdown - $2000 AI recognized two different triangles on the chart: the white symmetrical triangle and the blue triangle. These triangles define the white and blue support and resistance levels. Furthermore, there is the red resistance level from local tops. If Ethereum can break resistances, it might visit the psychological target and resistance at $6000. If Ethereum falls to $2000, the triangles might break down, which would have a bearish indication. Historically, similar triangles usually break upwards with a 63.5% chance. Cup and Handle pattern often breaks up with a 70.5% chance. In general, I expect Ethereum to break the chart patterns upward and initiate momentum into the cyan target price. Regards, Ely
COINBASE:ETHUSDLong
by Elysian_Mind
1hr cup & handle continuation after 121% move Harmony ONEOne appears to be consolidating on the 1hr as a cup & handle continuation pattern after a 121% move. Could break down 10% from the bullish ascending triangle and consolidate into the handle. Harmony One can potentially see much higher prices if we progress further into alt coin season. If the short-term charts breakdown, as long we hold $0.02 - $0.024 as support, ONE would be in larger bull flag continuation pattern.
Long
by NotQualifiedToGiveFinAdv
4
Avalanche is Lurking Hello people I hope you Doing well This is my personal opinion and analysis. In all markets, anything can happen. So before making any decision, please consider risk management, capital management, and emotion management in your trading. Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum’s rivals! This Diamond is Lurking to Move or something? Let me tell you some of my technically ideas to have nice Pump: CUP AND HANDLE PATTERN The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume. The pattern's formation may be as short as seven weeks or as long as 65 weeks This one is just with angle but i think you can see the pattern VOLUME As you see i drawl the flash for Volume too.this decrease in liquidity and volume is just for miners and Whales not the other traders!i bet the whales will back for this Diamond!we will see the rising volume for avax And we have some good news for this lovely sleeping crypto Ghoul and The crypto scene in 2024 is electric. Avalanche is breaking barriers with its Avalanche 9000 upgrade, Filecoin is strengthening its grip as the backbone of decentralised storage, and Qubetics ($TICS) is rewriting the blockchain playbook with its revolutionary tools. These three projects represent some of the most promising opportunities for anyone eyeing the best new crypto to buy this year. Btw thx for reading my Words and thx for your time:) Good luck
Long
by Unknownzeros
3
Long-term Cup & Handle PatternA long-term cup & handle pattern has formed in Nintendo (I have been buying during the "handle" formation). It's not a perfect setup as the top of the "handle" is higher than the high near the end of 2007, although that's in the chart adjusted for dividends. It looks a lot more clear on the chart that's not adjusted for dividends (I will post an update with that). Additionally, the "cup" formation is pretty deep, which likely limits upside from here. Therefore, I think a 50% rise is possible if it can decisively break out above $16 on a monthly closing basis. (This would be a price target in the mid-$20 range; more may be possible, and would be welcomed, but at some point I would have a stop loss in mind and hopefully it would continue to run for a while. I will update this idea if/when that happens.)
OTC:NTDOYLong
by PatientContrarian