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Cup And Handle

S&P 500 Cup and HandleOn the above 4-day chart price action has corrected 10% from the 4600 summer high to find support on the Golden ratio. A remarkable moment now exists to have long exposure. Why? 1) RSI and price action resistance breakouts. 2) Support on 2022 resistance. What a signal! 3) The Cup and Handle pattern confirmation is textbook. The handle breakout follows strong buyer demand on the Golden ratio. This only happens in a technical bull market. 4) The sentiment, overwhelmingly bearish. The Put/Call ratio (2-week chart below) tells us dumb money is massively short. Retail traders have not been this bearish since the Covid correction of 2020. March 2020 was the buying opportunity of a lifetime. November 2023 will be the next date history records as an opportunity no one saw coming. Cough.. 5) The target is straight forward enough. The depth of the cup is taken from the bottom of the handle to measure the target. 5500 sometime in 2024. 6) Gold bugs, seriously? If this happens.. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: Trade (not investment, will explain why elsewhere) Risk: The farm and your neighbours farm. Timeframe for long: Remainder of year. Return: 30% Monthly Put/call ratio
SP:SPXLong
by without_worries
84
Mohit Industries - A buy on Dip candidateHello everyone , I am here with a new power pack stock with a cup n handle chart pattern breakout named MOHIT INDUSTRIES (NSE). technical view The stock has given a good Breakout in weekly as well as in monthly Time Frame with good intensity of volume. the stock have sky touch as the breakout is followed by an Extreme Bullish Chart Pattern i.e Cup N Handle. CUP N HANDLE EXPLAINATION Cup N Handle is a chart pattern which is mostly used for bullish road map of the stock. How it is formed - generally the stock have a huge fall from its high and the stock floats is a range for many years say 4 to 6 years or more, it forms a cup like structure and after that the stock explodes as there is an assumption that there might be the accumulation in the past 4 to 6 years when the cup was forming. Targets as per Cup N Handle -- The targets usually comes three times the target of cup. Elliot Wave View- - the stock is looking in its impulse wave (1-2-3-4-5) - In that impulse it might have entered the bigger wave 3rd - the minimum target as per wave 3rd is 1.618 of trendbased fib which is around 48 rs. - but as per cup n handle it can be extended and might give targets of 72 and 95 as well. conclusion the stock looks in its bullish phase, the stock can b lookout for upside mentioned targets with mentioned stop loss on chart itself. one can add at every dip also till stock is above Stop Loss line. Disclaimer I am not SEBI registered. consult your financial advisor before any kind of investment. All the studies and ideas posted here are for educational purpose.
NSE:MOHITINDLong
by KARANN_DINGRA
GULFOILLUBE Buy active above ATH / CUPGULFOILLUBE Buy active @ 1,144.00 and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Buy active at GULFOILLUBE's ATH price + 4% (1,144.00) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (915.20) or Weekly Swing Low Targets: First Target: 1,546.45 (Fibonacci 1.618 level) Second Target: 1,822.40 (Fibonacci 2 level) Third Target: 2,544.80 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:GULFOILLUBLong
by lalitcpanchal
Bitcoin Analysis==>>Cup & Handle PatternBitcoin is moving near the upper line of the Falling Wedge Pattern . In terms of Classic Technical Analysis , it seems that Bitcoin has succeeded in forming a Cup & Handle Pattern . ( continued pattern ) After breaking the neckline, I expect Bitcoin to rise to at least the target I've specified on the chart. Note: An important point you should always remember is capital management and lack of greed. Bitcoin Analyze (BTCUSDT), 15-minute time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
25
HUHTAMAKI : ATH / CUP BREAKOUTHUHTAMAKI is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Entry: Enter a long position at NFL's ATH price + 4% (388.75) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (311.00) or Weekly Swing Low Targets: First Target: 513.10 (Fibonacci 1.618 level) Second Target: 599.20 (Fibonacci 2 level) Third Target: 824.60 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:HUHTAMAKILong
by lalitcpanchal
TKFEN - 18 months CUP & HANDLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
BIST:TKFENLong
by TheArtOfCharting
formation of cup and handle in progress for IT Index.A likely Cup and Handle Structure is forming in IT Index on Weekly charts. It has been underperforming since last 24 months or so. It had reached 39446 levels in January 22. Since then the peak remains unscaled. There were multiple reasons for this. Let us analyze the reasons which resulted in decline of IT Index and let us see how the future looks for it. Reasons for Decline: 1) Rate hike cycle initiated by US Federal Reserves to control inflation. Rate hike cycle was one of the main reasons for underperformance of It index. Rate hike meant decrease in spending and decrease in spending resulted in limited growth of this index. 2) Margin Pressure due to increase in spending. Most of IT companies and their employees enjoyed work from home during COVID. Work from home, worked in favour of many of these companies as there was decreased spending. Now in the post COVID era lot of companies had to/have to incentivise employees to come back to office. Regular spending on electricity, conveyance, office miscellaneous expense again came back to pre COVID levels. This has put pressure on margins. 3) Threat of AI is still looming large on It companies. Still it is to be seen if AI can replace a lot of work many of these companies used to do or not. The scale of effect is yet to be determined in toto but it looks like it will certainly have an effect. Indian IT companies are well known to adapt to the changing circumstances but it is yet to be seen and determined what future hold for IT companies. There was an article doing rounds if IT companies will have a similar fate to the cotton mills of past. The statement looks exaggerated but the days of unlimited growth seem to be over. Investors in service sector have to be rational with their expectations in future. 4) Rising sentiment of Nationalism across the globe. Rising sentiment of nationalism and be local buy local employ locals can also effect a lot of these companies. Hiring locals rather than shipping employees from India on H1B visa will definitely effect profit margins. Reasons why IT Index might rise and shine. 1) US Fed has commented that we are looking forward to at least 1 rate cut in this year. The logic is that if you fall due to rate hike you rise due to rate cut. Market is forward looking and the reason of bottom formation and recent or future rise can be credit to forward looking nature of market which will take into account rate cut or will take into account the same. 2) There are green shoots visible which indicate fresh lease of life to the stagnant or underperforming index. 3) Indian It companies are known for their resilience, deep pocket and adaptability. They are capable of making subtle or large scale changes to their work culture, work ethics and work to incorporate AI and use AI to their favour. (Whether it actually happens is yet to be seen.) 4) On charts if the recent low of 31467 is not broken and future resistances of 35201 and 35962 are taken down we can see an up move towards the targets of 36952, 38530 or even the previous high of 39446. If 39446 is conquered in future within this year with a weekly candle. We can see further upside. Stocks that constitute IT Index are TCS, Infosys, HCL Tech, Wipro, Tech Mahindra, LTIM, LTTS, Mphasis and Coforge. In addition to this selective Mid and Small Cap IT companies can also follow the suit of the big players. In the space of Mid and Small Cap IT companies there are players like OFSS, Coforge, Birla Soft, Affle, Mastek, Happiest minds, FSL, Map My India, Eclerx, Tanla Platforms etc. We are not giving a buy or sell call on any of these companies. This is just an educational article explaining the potential moves of It Index, How it can move in either direction and what can be the reasons behind it. Disclaimer: There is a chance of biases including confirmation bias, information bias, halo effect and anchoring bias in this write-up. Investment in stocks, derivatives and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data, chart and other information provided above is for the purpose of analysis and is purely educational in nature. The names of the stocks or index levels of spot Nifty mentioned in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
NSE:CNXITLong
by Happy_Candles_Investment
NFL :ATH/ CUP BreakoutNFL is currently trading around its all-time high (ATH) and presents an opportunity for a long trade with a promising risk-reward profile. The strategy involves entering a position at 4% above the ATH and employing a dynamic stop-loss approach to manage risk and maximize potential gains. Entry: Enter a long position at NFL's ATH price + 4% (155.15) Initial Stop-Loss: Set an initial stop-loss at 20% below the entry price (124.00) or Weekly Swing Low Targets: First Target: 232.30 (Fibonacci 1.618 level) Second Target: 283.70 (Fibonacci 2 level) Third Target: 418.20 (Fibonacci 3 level) Position Sizing: Limit the trade size to ensure that no more than 5% of your capital is at risk. In case the stop-loss is triggered, the maximum capital loss will be limited to 1% The dynamic stop-loss adjustment after reaching the first target further protects capital and locks in profits. The position sizing ensures that you are not risking more than you can afford to lose. Disclaimer: This trading strategy is for informational purposes only and should not be construed as financial advice. Please conduct your own research and due diligence before making any trading decisions. Additional Notes: Consider using technical indicators and chart patterns to refine your entry and exit points. Monitor market conditions and adjust your strategy accordingly. Practice risk management techniques to protect your capital. Please let me know if you have any other questions.
NSE:NFLLong
by lalitcpanchal
Palantir Cup and Handle Weekly ChartNYSE:PLTR Palantir Cup and Handle Weekly Chart: It appears Palantir has developed a cup and handle pattern on the weekly chart and with momentum building it could get over the resistance it has seen at the 27 -28 level. It is a newer stock so one of the C&H rules is the entire pattern forming above the 200-day average market price I have in Green the 40 week average which is a close equivalent and it fails that rule.On the other hand It does form over roughly 24 months, it did have a decrease in volume over the handle development, the buy signal is when the price breaks above the handle’s resistance with increased volume. Technical analysis can and will fail due to other market forces. In my opinion short to mid term we could test 30 as a good start developing support long term it could see 40.
PLong
by Paul_Hodls
1
NZDCHF: Price Action Analysis & Bullish OutlookNZDCHF has formed two bullish patterns: initially, it was trading within a descending expanding wedge pattern, followed by the formation of a cup and handle pattern within this structure. To consider buying the pair, it is advisable to wait for a breakout above the neckline of the cup and handle formation on the 4-hour chart. A confirmation would be a 4-hour candle closing above 0.5433. If this occurs, a bullish trend continuation could be anticipated towards the levels of 0.5448 and 0.5460.
Long
by linofx1
3