Get started

Cupandhandlepattern

Bitcoin - A Long Term Analysis - Cup and Handle PatternBitcoin has formed a promising cup and handle pattern on the weekly chart. Currently, the price is trading within the handle and appears poised for a breakout. A confirmed breakout from the handle could propel Bitcoin's price above $100K. The handle formed during the correction period following the Bitcoin halving, which was anticipated. Fundamentally, a bull run is expected during the last quarter of 2024 and the first quarter of 2025, which suggests a natural price increase. Breaking the previous all-time high around FWB:73K would further drive the price upward, with my target for this bull run set at $140K. For a safer trade, consider entering after a breakout above $73K. For those seeking an early entry, you can buy at the current price and hold until the peak of the bull run. Stay tuned for more updates. Cheers, GreenCrypto
Long
by GreenCryptoTrades
Gold Bullish Potential with Cup and Handle PatternGold on the 4-hour chart has formed a classic cup and handle pattern, indicating a potential bullish continuation. Currently, the price is testing the $2,458 resistance level. A successful breakout above this level could signal a strong buying opportunity, targeting the next resistance levels at $2,500 and beyond. However, if the price pulls back for a handle formation, look for a retest around $2,420 as a secondary buying opportunity. Ensure to set stop losses below the handle's low to manage risk effectively.
OANDA:XAUUSDLong
by JoeSignals
SWING IDEA - ZENSAR TECHNOLOGIESZensar Technologies , a global IT services provider specializing in digital transformation and technology solutions, is showing strong technical signals for a potential swing trade. Reasons are listed below : Head and Shoulder Pattern : This classic reversal pattern indicates a potential shift in trend direction. A completed pattern and subsequent breakout could signify a bullish move. Breakthrough of Resistance Zone : The 500-550 zone, a previously challenging resistance area, has been decisively broken, suggesting a sustained upward trajectory. Bullish Engulfing Candle on Weekly Timeframe : This formation, where a larger bullish candle completely envelops a smaller bearish one, indicates a strong shift toward upward momentum. Breaking a Long Consolidation Phase : Zensar Tech has broken out of a 2.5+ year consolidation, suggesting a new bullish phase and increased market confidence. Spike in Volumes : A significant increase in trading volume often confirms the strength of a breakout, indicating high investor interest and support. 0.618 Fibonacci Support : This Fibonacci retracement level acts as a strong support, reinforcing the potential for continued upward movement. Higher Highs Formation : This pattern suggests a consistent uptrend, with each high being higher than the previous one. Trading at All-Time High : Although this is generally bullish, it's essential to monitor for signs of overextension or potential pullbacks. Target - 725 // 850 Stoploss - weekly close below 535 Disclaimer : Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:ZENSARTECHLong
by Visionary_Growth_Insights
Vodafone Idea - The Myth BusterWhen it comes to stocks from the Small / Mid Cap category (or) especially from the Penny Stock section, I see everyone shivering in fear to take entries. Even if they take entries boldly, when they see a fall, they start to shiver and exit in Panic either in minimal Profits or sometimes even in Loss One such "Mythical" Stock is Vodafone Idea. Almost no one talks positive about it, and every fundamental investor is strictly against it Let me ask you All 1 question - if this stock is so fragile / so risky / so unpredictable - then why don't we see "erratic patterns" on charts ??? Shouldn't there be sudden spikes and sudden falls ? I don't see any such thing.... i.pinimg.com On Weekly: The price is going thru a Beautiful Cup and Handle pattern, but is just unable to break out of 19 levels despite 3 attempts - Why ? On Daily: The answer to the above question lies within the Daily timeframe chart. From when it first touched 19 level in early 2024, till now, the price is actually forming an Inverted Head and Shoulder Pattern which is embedded within the Handle portion of C&H Based on Support and Fib levels, the price WILL take U turn from 15.5 (Fib 0.5) or 14.6 (which is much strong Fib 0.618 Golden Ratio - combined with Strong Support as well) Fresh entries / Averaging can be done around 15.5 (light) or 14.6 (heavy) once bullish reversal signal is seen Targets still intact 19, 24, 30 ------------------------------------------------------------------------------------------------- True story.... When I was in 3rd grade, playing and running with my friends a stray dog chased me and scratched me on my back. I didn't know whether it bit me or just nails I was so scared to tell my parents as I was afraid of the infamous 24 or 36 injections around the belly button - back those days....But friends told my mom and she rushed me to hospital and Dr confirmed that it's just a nail scratch not a bite and 1 injection was enough But until I was grown up, the sight of any dog would scare me to death.... A loud bark would give me shivers. When I learnt how to control dogs and how to pet them, the fear is gone Unfortunately, this is exactly what we are passing on to our next generations We might have been attacked or even bit by a dog (Penny stock or High Beta Stocks) but what is the Learning you are passing on ? To run away from them ? Remember - if you run away from a Dog it will Chase you.... If the answer is still to run away, then sorry my friends - you haven't learnt anything from your bad experience. You may run away from a Penny stock today, but if similar instances and issues arises on the likes of Yes Bank, ICICI (Kocchar scam) or Varanium Cloud - are you prepared to handle them and what do you pass on to your next generation ??? The Chart 📈 is my Magic Butter Biscuit 🍪. It can TAME any Dog Learn to Ride the Tide, irrespective of its Side and Size 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:IDEALong
by Stocks-n-Trends
2
BTC Potential Repeat Cup and HandleI sense a big cup and handle forming so I'd like to point it out early. The depth of the cup would put the price action at the 2.618 extension. This would also align with and be a third touch in a rising non horizontal resistance. I see a lot of similarities with the 2017 top and the breakdown that followed. SMA 50 crossed the SMA 100 at almost an identical spot in 2017 to mark the bottom of the trend. Not financial advice. Just wanted to share my outlook in an increasingly fearful market. Dont get rekt. Use cold storage. GL NFA
COINBASE:BTCUSDLong
by BallsOfSteel32
2
BITCOIN FORMED CUP AND HANDLE PATTERNThis is the same as in 2014-2015-2016, in 2016 there was a halving and the bad news was that Bitfinex was hacked which caused prices to fall and mass panic selling. And happen again in 2022-2023-2024, in 2024 Bitcoin Halving and a lot of bad news including the German Government and Mt.Gox selling Bitcoin and the price dropping to the $53K- GETTEX:54K area. 1st idea: going to $SWB:69K-$70K (Cup and Handle resistance area) if breakout = valid 2nd idea: going to GETTEX:64K - FWB:65K then dump to $50K then pump again.
BITSTAMP:BTCUSDLong
by EternalGatesCorp
Gold Bullish 6 Year OutlookPast chart history shows gold price went into a bear market from 1980 to early 2000's and again in 2011 to 2020. Currently, we are trading in the bull cycle which lasts on average 9 to 10 years. Analysts, projected a price of gold to hit 2500 by the end of this and we seem to be right on track. Price is trading inside of a bull flag where buyers and sellers are repositioning themselves. What will drive the price of gold higher by the end of this year? What about the year after that and so on? Looking back further on the weekly chart a cup and handle technical pattern is breaking out. Projected price of this breakout caps out at around 3010. Will be interesting to see if and how the price action of this commodity will reach 3k by 2030.
COMEX:GC1!Long
by supertokki52
Advanced Entry setup on Advanced Enzyme Ltd.Advanced Entry setup for Advanced Enzyme? ABOUT Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally. FUNDAMENTAL Since we are looking at the weekly chart, it becomes very important to check the fundamentals. • Company is almost debt free. • Company has been maintaining a healthy dividend payout of 20.9% • OPM % increasing you • Cash Flow positive • FII and DII increasing shareholding. TECHNICAL • On a weekly TF, we can see a cup and handle pattern and the formation is completed. • Increasing volumes are increasing the chances of a breakout • RSI is at 60, indicating a potential buying strength and is not overbought. • Trading above 50, 100 and 200 EMA indicating bullishness. ENTRY, EXIT, TARGET, STOPLOSS - If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout. - If you are a risk averse trader then buy some at breakout and more at retest. - The safe buying zone is above 424 and little aggresive players can add above 410. - Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350. - Target 1 is 480, Target 2 is 570 Happy Trading :)
NSE:ADVENZYMESLong
by rohix
Advanced Entry setup on Advanced Enzyme Ltd?Advanced Entry setup for Advanced Enzyme? ABOUT Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally. FUNDAMENTAL Since we are looking at the weekly chart, it becomes very important to check the fundamentals. • Company is almost debt free. • Company has been maintaining a healthy dividend payout of 20.9% • OPM % increasing you • Cash Flow positive • FII and DII increasing shareholding. TECHNICAL • On a weekly TF, we can see a cup and handle pattern and the formation is completed. • Increasing volumes are increasing the chances of a breakout • RSI is at 60, indicating a potential buying strength and is not overbought. • Trading above 50, 100 and 200 EMA indicating bullishness. ENTRY, EXIT, TARGET, STOPLOSS - If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout. - If you are a risk averse trader then buy some at breakout and more at retest. - The safe buying zone is above 424 and little aggresive players can add above 410. - Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350. - Target 1 is 480, Target 2 is 570 Happy Trading :)
NSE:ADVENZYMESLong
by rohix
CAVA Cup & Handle Breakout TradeHappy Tuesday everybody, the stock caba is set to make a breakout of a base soon and I'm going to make a play on it to see if I can catch that move doing a buy to open and setting my stop loss below Monday's low. This stock is part of the consumer cyclical sector which has been performing well possibly because of pending interest rate cuts leading to increased consumer spending with credit cards but I'm not really sure if that's the cause.
NYSE:CAVALong
by PappyTrading
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
SOLANA is Bullish now & many Traders don't see it !!Hello! BINANCE:SOLUSDT SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ❗ Note that if the cup and handle is broken down with the power of descending candles, our analysis will fail. 🤑 Stay great my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
Long
by CobraVanguard
1