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Cuphandlepattern

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
$TATAPOWER - Cup with handleAs seen on the chart, NSE:TATAPOWER has formed a nice U-shaped Cup, The stock was in an uptrend before forming Cup (up 27% recent bottom) Took 51weeks to form the complete pattern. 47 weeks for Cup with a correction of ~25% 4 weeks for Handle with a correction of ~6% Volume dried up during the first part of the cup. But was good when coming out of the cup and also at the BO of the handle. There is a high probability that this pattern will be successful. With regard to recent results, Total revenue was INR ~15000 cr, 2% Y-o-Y and 18% Q-o-Q. EBITDA at 3005 cr, 43% Y-o-Y and -3% Q-o-Q. PAT at 1141 cr, 29% Y-o-Y and 22% Q-o-Q. (after exceptional items) 15 consecutive quarters of PAT growth (Y-o-Y) NSE:LEMONTREE 's pattern is still in progress Disc - invested, for educational purposes only
NSE:TATAPOWERLong
by shridharrathi
$LEMONTREE - Cup with handle BOAs seen on the chart, NSE:LEMONTREE has formed a nice U-shaped Cup, The stock was in an uptrend before forming Cup Took 38 weeks to form the complete pattern. 27 weeks for Cup with a correction of ~27% 11 weeks for Handle with a correction of ~10% Volume dried up during the initial part of the cup and handle. But was good when coming out of the cup and also at the BO of the handle. There is a high probability that this pattern will be successful. With regard to quarterly results, Total revenue was INR ~222 crores, which increased 16.8% year-on-year. The net EBITDA margin in Q1 stood at ~47% The PAT grew by 103% year-on-year from INR 13.6 crores to INR 27.5 crores. Disc - invested, for educational purposes only Another similar setup was with Finolex Cables and Va Tech Wabag Ltd
NSE:LEMONTREELong
by shridharrathi
1
PI INDUSTRIES ANALYSIS!!RSI INDICATOR: is something which says the actually part of the price should be placed. cups and handles is a very bullish price pattern formation. and top of that, if rsi indicator is forming such pattern, then to speak on to it, the stock is a very great stock. i have check the fundamentals. the rations, sales analysis are very greatly performing. the two black line are the trend formation after the corona 2019 crash. and blue line is the old trend. the stock did gave its all time high recently. its possible to go more higher, since there is no drawback, or major risks associated to this stock. recent quarters too outperformed from the analyst projected estimates. great stock for swing trading and long term .
NSE:PIINDLong
by raghavchoudhary2016
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
Cup of SHIB? SHIB has formed a nice cup and handle seen on multiple time frames. I took a long at 0.000023 and leave that open until I see this break one way or another. If I were playing the cup, I'd set the profit like I did above, the price plus the candle height. Don't lose your SHIB if I'm wrong. Stop-loss can be pretty quick in any case, I believe. Mine's anything closing below the handle once the penant breaks. As always, Im new to TA, so I want to know if y'all disagree or if I'm reading something wrong, let me know what you think.
by js1pxl1111
$ROKU Trading PlanAs long as 431.69 holds as support, I am targeting 449.08/462.99. For longs, I'd like to see a close above box on weekly. A breakout over 462.99 would validate the cup and handle. My next targets would be $478.08/$504.17/$538.96/$562.16. If unable to hold the box and support at 431.69, I am looking for an entry back into box and retests at $417.19. $405.15 is an important level to watch. If broken, bears should take control and drive price down to 382.40. Box is broken to downside if 365.05 cannot be held.
NASDAQ:ROKU
by iARCRAY