The 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...
EUR/USD: Bullish - BAT + Cup with handle According to the harmonic figures (D/W): Bearish BAT detected! the price could go down to 1.07033 / 1.05263 / 1.01124 On the Chartist level: We are Bullish because in fact, the Wolf of Zurich has detected a cup with a handle or a cup of coffee. The price could break the polarity zone around 1.12 and reach 1.25649. The...
NSE:SBILIFE Pattern details: Sideways trend before forming Cup with handle pattern Cup with ~20% correction and length of cup 26 bars Handle length is 9 weeks and ~6% correction. Volume needed to increase the success probability PAT for the quarter ended 30 June 2023 at 381 cr, 45% growth Y-o-Y NSE:LEMONTREE 's and NSE:TATAPOWER 's patterns are...
Cup and Handle pattern formation. ** Trade At Your Own Risk TF : 15mins
I bought my positions today April 26, 2023 The reasons: 1. Low-risk entry 2. Cup and handle pattern 3. The stock up 100% more before forming this cup and handle 4. High relative strength stock 5. Constructive basing period 6. The stock is in its first base breakout
This is a Cup with Handle and an AB=CD at the same time that I posted before, but it was on the FTX chart and that one actually ended up playing out perfectly but on other exchanges TRXUSD just kinda sat here but now it's breaking out on a Monthly timeframe and it's starting to look like we will be getting the same performance we got on FTX on a more Global level...
We have a nice looking Cup with Handle here on FTT visible on the 30 minute and below that could atleast take it up to $3.6 before the end of the session.
Abcellera Biologics is a biotech stock setting up in a textbook cup with handle pattern. The stock has growing institutional sponsorship as shown in the chart from MarketSmith on the chart. It also has a relative strength ranking of 97/100. Shares formed a cup with a 37% depth and have since drifted back slightly to form a defined handle. I will consider buying...
So during this market some coins are doing much worse than others and for the time being it seems like ETH is going to be among the next coins to collapse. In the meantime there appears to be alot of opportunity in trading pairs against Ethereum. In the case of Chainlink we have a Cup With Handle backtesting the top of a Channel and the Moving averages with a...
I got into a full position today on this classic cup and handle pattern. This is not the environment for a full 25% position, but I see the very constructive price action and fundamentals in the stock. However, on the closing day, the stock keeps coming down to its breakout level and forces me to reduce my position in half.
AMPS is coming out of a textbook cup with handle pattern, triggering a buy here. AMPS is somewhat of an under-the-radar solar stock. Unlike most solar companies which make panels, chips, or mounting systems for customer-owned solar energy systems, Altus is an electric utility company whose power comes exclusively from solar generation. I actually prefer the...
Ravencoin sits at the 61.8% Rertrace of a Potential Cup With Handle at the PCZ of a Bullish 5-0 with Hidden Bullish Divergence on the RSI. This isn't my most convicted trade ever but i think it's still worth giving decent a shot to see if Raven Can hold this PCZ level, if it does then we could then see Raven make a 200% Retrace to complete the Measured Move of the pattern.
IBIO is showing some consolidation. Recently stock is up a a decent volume. looking at a longer time frame chart : double bottom patter - showing strong support line, defined risk level. cup with hand formation is a very statistically strong consolidation pattern. for the target price i would use 26.8% Fabonacci retracement level and 38.2% retracement level. AMEX:IBIO
Dalmia Bharat Ltd - Short-term Swing 1. Cup with Handle pattern formed. 2. Once it crosses 1640 it will start firing... 3. Target will be 1980 to 2000 4. Between it has a resistance at 1800. 5. If the stocks move downwards, below 1470 we have a stop loss. 6. based on the market condition it will in a positive direction.... fingers crossed... Note: 1. I’m not a...
This is the first buyable point after the IPO. I have my position today on a cup with handle setup.
I got my position earlier on 19th May at its Low Cheat level. This is a strong Power Play setup with huge volume on the breakout. It even has a fractal, a small cup with handle on its tight right side.
Richardson 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...
YETI Emerged out of a Bear Market as a New Leader This stock IPO'd in a bear market and help up pretty well. Formed a nice Cup & Handle. The best cups seem to form in Market Corrections.