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Cupandhandlebreakout

Why I might buy some Qualcomm shares early next week. Guys, one of the companies that does well from a weakening USD is Qualcomm (ticker - QCOM). Qualcomm is a company that will do well with a weakening USD because a lot of its operations are offshore USA. From statista.com: "Qualcomm revenue worldwide 2018-2023, by region Published by Thomas Alsop , Jan 5, 2024 Qualcomm's revenue was a total of approximately 35.8 billion U.S. dollars in the fiscal year of 2023. Qualcomm generated over 22 billion U.S. dollars in China and Hong Kong alone. Vietnam surpassed Ireland, the United States, and South Korea, occupying the position of second region with the highest revenue, with around 4.5 billion U.S. dollars generated." What does Qualcomm exactly do? From qualcomm.com "Every day, Qualcomm is transforming the way we work, live and communicate, pushing the limits of technologies like artificial intelligence to help us stay more intelligently connected. This digital transformation is advancing nearly every facet of society and business – from automotive, agriculture and education to healthcare and manufacturing." Look, I don't know for sure what direction the USD will take this next week. Please see my other thread today on why I think the USDX is about to rally. Of course if the USD rally's northward then this would not be good for a Long-investment in Qualcomm. But here is the thing, any rally in the USDX I believe will be short-lived as the USA goes into an interest rate reduction next month which is pretty much 'in-the-bag'. From Reuters 5 days ago: The U.S. central bank will cut the federal funds rate by 25 basis points in September, November and December taking the range to 4.50%-4.75% by end-2024, according to 54% of those polled, 55 of 101. Markets, which were earlier betting on a half-percentage-point cut in September, are currently pricing around 70% probability of a quarter percentage point cut next month. So, l am not trying to justify the trade in my own mind, I thought it might be a good opportunity for you. I probably would not buy a CFD on this one, I would be buying shares and taking it long for probably a few months of course with a Stop-loss. Because longer-term investments can turn pair-shaped very quickly. Now, onto the most important technicals. QCOM was up a whopping 67% this-year-to-18 June when its share price hit an all-time-high of 230.47. Since 18 June it share price was sold off due to a bearish head-'n'-shoulder's pattern on the 4hr, but I have done the measurements & this sell-off has played out to the downside so in other words I see no further threat from this bearish h'n's. Price normally want to recover after such a sell-off and retrace to retest the highs. Now checkout the very bullish Cup'n'Handle pattern on the weekly. See chart. The other timeframe from the Daily right down to the 15m look supportive of price which has recently recovered from the sell off and getting support on all the important moving averages across all timeframes. STOP LOSS : I might take 2 trades longer term as a stock trade, not cfd, because I avoid paying swap-rates. Aggressive-Stop would be just under a recent swing-low on the 1HR, a price just underneath a Buy-order block for added protection. That Stop-Loss level is 163.10 which represents 6.23% wriggle-room if the Share-price were to fall. A more conservative Stop-loss level is 152.30 which is right under the weekly-handle & underneath the lowest price there. Take Profit: A take-profit level would be 360 , this is riding on the back of the bullish Cup n Handle patterns on weekly and 4hr chart and on significant increase in sp next month when the USA reduces it's interest rate. See chart of Daily below: * Trading is risky. Please do not rely solely on my financial advice.
EIGHTCAP:QCOMLong
by Easy_Explosive_Trading
XLM is exhibiting an extremely rare CUP WITHIN A CUP PATTERN!XLM has recently had an incredible run, breaking out of the current Cup & Handle pattern that I identified and showed to my followers. XLM has always closely followed XRP, but in the past few days, it has sharply broken away and has been charting its own course. Now, I’ve identified a CUP WITHIN A CUP pattern that is EXTREMELY RARE! These two patterns are working together to create a move that could make both investors and traders very, very happy in the coming weeks. Don’t copy my trades; become a trailblazer, not a follower! Good luck, and enjoy making a ton of money!
COINBASE:XLMUSDLong
by MetaShackle
2
TRON: TRXUSD up 3% far today...very bullish...see below This is TRON Crypto TRXUSD. It is currently a very bullish weekly candle & has broken out of the Weekly Cup & Handle Pattern. On the 4HR there is a Head & Shoulders Pattern, it's looking a bit overextended but I think the Weekly price-action regarding the Cup breakout is keeping price very buoyant today. I took 2 positions of 20,000 lots & 30,000 lots about 10 minutes. So I am not much ahead of you on this trade if you wish to take it. * Trading is risky, also do your own research & never take my financial advice as a sole means.
EIGHTCAP:TRXUSDLong
by Easy_Explosive_Trading
3
TPL Plastech - There are many a Cups for you to take a Sip :)TPL Plastech - after breaking out of a Beautiful Cup and Handle Pattern above 78 levels, the price started travelling within a Parallel Channel forming repeated Cup structures (Rounding Bottom) Today, the price momentarily broke down below the previous Rounding Bottom BO zone around 106, but took support from the bottom of the Parallel Channel and bounced nicely to end the day around +2.58% and also sustained above the Support line of 107 Today also formed a Harami Cross pattern which is a 2 Candle Bullish Reversal Indicator. Its so reliable because it formed at the intersection of 2 support lines Targets are 140, 150 and new Target based on the new Rounding Bottom pattern is 170. From CMP - we still have another 70% upside left Remember.... Every "Dip" in the price... Forms a "Cup" structure... For you take a relaxing "Sip"... If by 3:15 pm on Friday, the price manages to sustain above 107 then you can Add / Buy Fresh with full Conviction :) Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:TPLPLASTEHLong
by Stocks-n-Trends
Clean Science - All 4 Sides fully Clean & Green :)Clean Science and Technology is an India-based fine and specialty chemical manufacturing company. The Company is engaged in the business of manufacturing organic and inorganic chemicals. It operates through the Specialty Chemicals segment. This is an Investment / Portfolio Grade stock for long term After IPO, the price blasted 90% high in short time from 1400 levels to 2700 but then crashed deeply to 1200 levels - falling 54% from the ATH Now the price has taken a Clean Bullish Reversal and here are 4 different views to look at the 4 sides of Clean Science :) Top Left: Weekly Cup and Handle Breakout confirmed on Weekly - above 1552 for Target of 1755 and 1860 Top Right: Weekly Larger Rounding Bottom Breakout in Progress today - If the Price sustains above 1622 until Friday, then the BO gets confirmed for larger Target of 1998 Bottom Left: Monthly The Long Term view shows an Amazing Textbook Double Bottom Breakout - done today, if the Price sustains above the 1622 neckline by Friday EOD, then target of Double Bottom is the massive ATH at 2675 Bottom Right: Weekly The Price broke out of the Falling Parallel Channel on weekly and also completed a Retest and Bounce. Not just an ordinary retest and bounce, but the price followed the Rising 2 Bullish Continuation pattern last week which triggered the blast of 7%+ this week Once again, this is NOT a Trading Stock - Keep holding for massive 2x-4x returns. Disclaimer: Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions. If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
NSE:CLEANLong
by Stocks-n-Trends
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
Bharat Dynamics (BDL): Cup & Handle or VCPBharat Dynamics which was already in nice uptrend has currently taken a pause. When it was move up, it formed big range candle with big volume (in May month), then when it halted, its first pulled back with lower volume. Whenever there is green candle, there is big volume and where there is red candle there is low volume. Volume completely dried at second pullback, it means less and less supply is coming, supply is getting absorbed. So could be the short term trading good opportunity.
NSE:BDLLong
by Pranam18
LICHSGFINLICHSGFIN is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Entry: Enter a long position at LICHSGFIN's ATH price + 4% (825.75) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (660.60) or Weekly Swing Low Targets: First Target: 1,170.20 (Fibonacci 1.618 level) Second Target: 1,402.75 (Fibonacci 2 level) Third Target: 2,011.50 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:LICHSGFINLong
by lalitcpanchal
2
GULFOILLUBE Buy active above ATH / CUPGULFOILLUBE Buy active @ 1,144.00 and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Buy active at GULFOILLUBE's ATH price + 4% (1,144.00) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (915.20) or Weekly Swing Low Targets: First Target: 1,546.45 (Fibonacci 1.618 level) Second Target: 1,822.40 (Fibonacci 2 level) Third Target: 2,544.80 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:GULFOILLUBLong
by lalitcpanchal
HUHTAMAKI : ATH / CUP BREAKOUTHUHTAMAKI is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Entry: Enter a long position at NFL's ATH price + 4% (388.75) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (311.00) or Weekly Swing Low Targets: First Target: 513.10 (Fibonacci 1.618 level) Second Target: 599.20 (Fibonacci 2 level) Third Target: 824.60 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:HUHTAMAKILong
by lalitcpanchal
NFL :ATH/ CUP BreakoutNFL is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Entry: Enter a long position at NFL's ATH price + 4% (155.15) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (124.00) or Weekly Swing Low Targets: First Target: 232.30 (Fibonacci 1.618 level) Second Target: 283.70 (Fibonacci 2 level) Third Target: 418.20 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:NFLLong
by lalitcpanchal
Palantir Cup and Handle Weekly ChartNYSE:PLTR Palantir Cup and Handle Weekly Chart: It appears Palantir has developed a cup and handle pattern on the weekly chart and with momentum building it could get over the resistance it has seen at the 27 -28 level. It is a newer stock so one of the C&H rules is the entire pattern forming above the 200-day average market price I have in Green the 40 week average which is a close equivalent and it fails that rule.On the other hand It does form over roughly 24 months, it did have a decrease in volume over the handle development, the buy signal is when the price breaks above the handle’s resistance with increased volume. Technical analysis can and will fail due to other market forces. In my opinion short to mid term we could test 30 as a good start developing support long term it could see 40.
PLong
by Paul_Hodls
1
GREENPLY :ATH / CUP BreakoutGREENPLY is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Entry: Enter a long position at GREENPLY's ATH price + 4% (310.80) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (248.65) Targets: First Target: 438.50 (Fibonacci 1.618 level) Second Target: 524.85 (Fibonacci 2 level) Third Target: 750.80 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:GREENPLYLong
by lalitcpanchal
3
GLENMARK : ALL TIME HIGH BREAKOUT / CUP BREAKOUTGLENMARK is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Entry: Enter a long position at GLENMARK's ATH price + 4% (1,313.40) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (1,050.70) or Weekly Swing Low. Targets: First Target: 1,913.45 (Fibonacci 1.618 level) Second Target: 2,364.15 (Fibonacci 2 level) Third Target: 3,465.40 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational and educational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:GLENMARKLong
by lalitcpanchal
Defence Stocks Going Offensive :) - Taneja AerospaceTaneja Aerospace which had a 16 year long Breakout on 3 Months has already crossed 3x from our recommended level of 194 reaching the high of 567 The chart looks very similar to REC Ltd which also had a similar 16 year BO and reached more than 3x Multi-bagger returns Quarterly View: As per the long term view and earlier patterns, 2 targets were given 605, 695 Short Term View: On Daily Timeframe, price has formed a Beautiful Cup and Handle BO and blasted 20% UC today. The Handle side was formed @ Fib 0.618 retracement level and Fib 1.618 Target matches precisely with the C&H Target of 732 New Targets 606, 696, 730++. From 3x the price is now preparing itself to reach 4x level soon :) :) :) Disclaimer: 3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading... We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side" *** Important *** Consult your Financial Advisors before taking any positions If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments -Team Stocks-n-Trends
BSE:TANAALong
by Stocks-n-Trends
GILLETTE ATH / CUP BreakoutGILLETTE is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Entry: Enter a long position at GILLETTE's ATH price + 4% (8,465.60) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (6,772.50) Targets: First Target: 10,614.95 (Fibonacci 1.618 level) Second Target: 12,144.75 (Fibonacci 2 level) Third Target: 16,149.50 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:GILLETTELong
by lalitcpanchal