Ashok Leyland has created a cup and handle formation on weekly charts, which would be validated if price crosses 175 with good volumes. Keeping a stoploss of previous swing low, it can be a good postional trade setup. That said, it is always a great idea to trail your profits using moving averages or ATR or any trend following indicator.
This is a position I have held for a while with a 3.5$ strike price on MTTR, Matterport. This call setup follows a cup and handle formation and breakout of medium term resistance, increasing volume and RSI.
Usdjpy cup and handle in play bulls have control levels mentioned in chart
The bowl formation has been completed, it would be logical to wait until the end of the handle formation and enter the process at the time of breaking. I recommend putting a stop in the handle area. The pattern target is the Fibonacci 2 region. Storm is coming...
Multiyear Breakout Stock! Tata Motors Ltd #TATAMOTORS 1- Cup & Handle 2- MACD Positive Crossover 3- Near Lifetime High Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
I believe this Cup and Handle has broken and with all the relevant indicators i.e. fast above slow ma, 21 week ema broken and closing above - we are set for the next bull run with $42,768 being a realistic target!
Best to wait for retest of top of cup and handle to enter long. Next level up at the top of the gap fill.
There is a cup and handle forming in 1D time frame in GRASIM, Once the breakout the SL could be placed below the handle low at 1658
wait for green candle and 10 ema indicater used when 10 ema cross green candle and stoploss when touch green candle 10 ema cup and handle pattern try
Not a trade setup or financial advice. I'm just having fun with the chart. I do wonder, though, if this Cup and Handle pattern is playing out on $BTC.
MoC pointed out this stock and after looking at it, it has the hype of EVs with growing international stock momentum. NIO has formed my favorite cup + flag combo and has broken multi month resistance. A call setup with a 11$~ strike and July 21st ish expiration is a strong potential winner.
Possibility of upward movement on GLAS.N in the backdrop of the dividend announcement.
Breaking Out Stock! Tata Communications Ltd. #TATACOMM 1- 52-Weeks High 2- High Weekly Volume 3- Breaking out with Cup & Handle Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
Resistance Breakout Stock! The Fertilisers and Chemicals Travancore Ltd #FACT 1- 52-Week High 2- Huge Weekly Volume 3- Cup & Handle Note: Technical Analysis is for Educational Purpose. I am not SEBI registered. Consult your financial advisor for any Investment Advice.
Bullish Cup&Handle breakout in Ashok Leyland. Price has broken out of the 155 resistance area which also served as the neckline of cup and handle pattern. I expect price to rise further. Entry can be made on retest of 155. Stop Loss- 151 Target:- 1. 160 2.166
We can see a cup&handle formation in the forming in the stock Coromandel International, a fertilizer company. We could Target 1100 as the target and a Stop loss around 900. Coromandel International is an Indian fertilizer company, the demand for the fertilizer may grow as the monsoon has approached India. The monsoon season is the time when most of the country's...
Breakout Stock! McDowell (United Spirits) (D) - 50-200 EMA Cross over - Price above all Key MAs - Strong Volume Buildup - Consolidation near BO Zone (Ignore below 870) #UnitedSpirits #McDowell #BreakoutStocks
Bullish breakout in RAIN INDUSTRIES The price was trading in downtrend from past few weeks and getting rejected by the falling trendline. On 5 June 2023, price broke out and closed above the downtrendline signalling BULLS has stepped in and downtrend may be over. Today, on 14 June, price broke out and close above the previous Lower High resistance of 165. This...