Stock has made breakout from cup and handle pattern which didn't retrace more than 0.382 Fibonacci of previous rally. This pattern was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks.
Electronics Mart has a potential to 2-3x from here onwards as sales were also good in recent quarter. Entry 227 with small stop at gap near...
Take Two Interactive, while on the downward sloping trend has formed a cup & handle pattern and successfully managed to break out of the range. The arrival of next Grand Theft Auto series is likely to push the stock up as it is likely to be one of the best selling titles in the gaming industry.
The stock has many supporting reasons to drive its price higher as we...
Everest Kanto Cylinder Ltd. (EKC) is engaged in the manufacture of high-pressure seamless gas cylinders along with other cylinders and equipment used for containing and storing natural gas, liquids, and air.
155 is the next resistance for the stock
my target is 180 with stop loss of 115
155 level can achieve in next two sessions.
no recognition for buy and sell
GBP/USD is currently on the verge of the lower boundary of an upward channel and forming a Cup and Handle pattern, indicating a potential bullish reversal. The entry point may occur after the price successfully breaks and retests the SNR level at 1.23113.
Technical Analysis:
-The Cup and Handle pattern is forming, signaling a potential bullish reversal.
-The...
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NSE:WABAG
As seen on the chart, Va Tech Wabag Ltd has formed a nice U-shaped Cup, and the volume was low when it was forming the handle and the breakout was with a good volume.
There is a high probability that this pattern will be successful.
Disc - invested, for educational purposes only
Another similar setup was with Finolex Cables
NSE:FINCABLES
As seen on the chart, Finolex Cables have formed a nice U-shaped Cup and the handle is also not very deep.
Also, the volume was low when it was forming the handle and the breakout was with a significantly higher volume for the handle.
There is a high probability that this pattern will be successful.
Disc - invested, for educational purposes only.
As 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...
this chart breakout 2017 high with cup and handle pattern so this give beautiful result.
6500 is my target as per this breakout
no recommendation for any buying or selling
take own analysis
We see the classic cup & handle pattern in the Nasdaq 100, where currently the handle in the downtrend was broken upwards and retested. Thus, further highs are expected, above the previous 52w high and then the ATH.
Furthermore, with Friday's close, the MA50 in 4H was exceeded, which is also bullish.
I see a Cup and Handle structure forming on the Hourly chart for AR/USDT.P on the MEXC chart.
The video explains my analysis.
What do you think?
Where would you enter for a nice Inter-day scalp?
More information about the indicators I am using is in my profile
Good luck out there! :)
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Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.
Price target 4575 based on extension from bottom of cup to rim.
Breakout above rim is bullish and high probability of further extension.
Bottom of cup 4330 to rim 4455 = +125, target ~4575.
Move can come fast. Shorts beware.
NB: Chart patterns are often DECEPTIVE and MISLEADING. DYODD!
A pullback to fill the open gap is very likely. Closing the gap may spark...
Orecle finance services weakly chart have reversal header and shoulder pattern, market in bullish and our stock have breakout so this also leads to move as bullish stock in the part of Nifty small cap 100
No recommendation for buy or sell
Tejas network has broken the cup and handle and met the first target and is approaching to second and third targets.
Entry: 874
Not a good risk reward
First target: 925
First Stoploss: 794
Good risk reward
Second target: 1024
Second Stoploss: 725
Nifty has broken out of a Cup and Handle pattern on weekly timeframe after consolidating around the resistance area of 18600.
Going by the depth of the cup, we can estimate a target range of 21000 to 22000 in the coming months along with minor corrections on the way.
Broadly, 18600 should be the strongest support for the rest of this year.
With the softening of...
