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Cupandhandlepattern

Advanced Entry setup on Advanced Enzyme Ltd.Advanced Entry setup for Advanced Enzyme? ABOUT Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally. FUNDAMENTAL Since we are looking at the weekly chart, it becomes very important to check the fundamentals. • Company is almost debt free. • Company has been maintaining a healthy dividend payout of 20.9% • OPM % increasing you • Cash Flow positive • FII and DII increasing shareholding. TECHNICAL • On a weekly TF, we can see a cup and handle pattern and the formation is completed. • Increasing volumes are increasing the chances of a breakout • RSI is at 60, indicating a potential buying strength and is not overbought. • Trading above 50, 100 and 200 EMA indicating bullishness. ENTRY, EXIT, TARGET, STOPLOSS - If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout. - If you are a risk averse trader then buy some at breakout and more at retest. - The safe buying zone is above 424 and little aggresive players can add above 410. - Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350. - Target 1 is 480, Target 2 is 570 Happy Trading :)
NSE:ADVENZYMESLong
by rohix
Advanced Entry setup on Advanced Enzyme Ltd?Advanced Entry setup for Advanced Enzyme? ABOUT Advanced Enzyme Technologies Limited is engaged in the business of manufacturing and sales of enzymes. The Co. is the 1st Indian enzyme company with 2nd highest market share in India. It is the 2nd listed integrated enzyme player globally. FUNDAMENTAL Since we are looking at the weekly chart, it becomes very important to check the fundamentals. • Company is almost debt free. • Company has been maintaining a healthy dividend payout of 20.9% • OPM % increasing you • Cash Flow positive • FII and DII increasing shareholding. TECHNICAL • On a weekly TF, we can see a cup and handle pattern and the formation is completed. • Increasing volumes are increasing the chances of a breakout • RSI is at 60, indicating a potential buying strength and is not overbought. • Trading above 50, 100 and 200 EMA indicating bullishness. ENTRY, EXIT, TARGET, STOPLOSS - If you are a risky trader you can buy some qty at the CMP or above previous day high and add more on breakout. - If you are a risk averse trader then buy some at breakout and more at retest. - The safe buying zone is above 424 and little aggresive players can add above 410. - Since the duration of holding is around 6 - 9 months, don't place SL, but if you want to then SL should at 350. - Target 1 is 480, Target 2 is 570 Happy Trading :)
NSE:ADVENZYMESLong
by rohix
CAVA Cup & Handle Breakout TradeHappy Tuesday everybody, the stock caba is set to make a breakout of a base soon and I'm going to make a play on it to see if I can catch that move doing a buy to open and setting my stop loss below Monday's low. This stock is part of the consumer cyclical sector which has been performing well possibly because of pending interest rate cuts leading to increased consumer spending with credit cards but I'm not really sure if that's the cause.
NYSE:CAVALong
by PappyTrading
Bharat Dynamics (BDL): Cup & Handle or VCPBharat Dynamics which was already in nice uptrend has currently taken a pause. When it was move up, it formed big range candle with big volume (in May month), then when it halted, its first pulled back with lower volume. Whenever there is green candle, there is big volume and where there is red candle there is low volume. Volume completely dried at second pullback, it means less and less supply is coming, supply is getting absorbed. So could be the short term trading good opportunity.
NSE:BDLLong
by Pranam18
SOLANA is Bullish now & many Traders don't see it !!Hello! BINANCE:SOLUSDT SOLUSDT is in the ascending phase by the cup and handle. SOL is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ❗ Note that if the cup and handle is broken down with the power of descending candles, our analysis will fail. 🤑 Stay great my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you and for more ideas ❤️like❤️ and 🌟follow🌟!
Long
by CobraVanguard
1
#ETH: ACCUMULATE HERE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! ETH is currently trading around $3500 level. As you see in the chart, it is currently trying to form a cup and handle-like structure in the daily time frame where the cup is completed and now the handle is forming. IMO, this is the best time to accumulate more and more ETH here. However, we might see some more drop from here up to the $3300 level but once it starts its reversal it won't give you the chance to enter. So the best way is DCA(Dollar Cost Averaging). Overall it looks bullish to me and soon we will see a good pump in the whole market. As of now, the market is just testing your patience. So keep calm and hold your positions. Buying range:- $3200-$3500 Target:- $6k-$7k Invalidation:- Weekly close below $3200 Let me know your thoughts in the comments below!
COINBASE:ETHUSDLong
by CoreCrypto1
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
"Potential Cup and Handle with Bull Flag Patterns in Cinemark Analysis: Chart Patterns: Cinemark Holdings, Inc. (CNK) is currently displaying a Cup and Handle pattern, indicating a potential bullish continuation. Additionally, there is a possible Bull Flag pattern forming. Breakout Potential: A breakout from the handle or the flag could lead to significant upward movement. Target Price: Estimate target prices based on the height of the cup and the flagpole. Stop-Loss: Set a stop-loss just below the handle's low or the flag's support to manage risk. Fundamental Overview: Revenue (TTM): $3,035.2M Net Income: $211.9M Debt/Equity Ratio: 10.90 Forward P/E: 11.27 Cinemark Holdings, Inc. shows strong revenue and net income recovery with solid profitability margins and cash flow. The company has a high debt-to-equity ratio, which indicates significant leverage. The current stock price reflects a positive market sentiment with a forward P/E suggesting potential growth. Investors should weigh the high leverage against the company's recovery and profitability. Conclusion: Both patterns suggest potential bullish momentum. However, investors should consider the company's high leverage when making investment decisions. Investment Note: Trading stocks involves risks. Carefully consider your financial situation and investment goals before making decisions.
NYSE:CNKLong
by rebenga93
$TOTAL Cup & Handle formingAlthough we could zoom out and literally write a book of CRYPTOCAP:TOTAL technical analysis, let´s start with this 12 hour time frame In green, a Cup & Handle formation, that WILL TAKE US ABOVE ALL-TIMES-HIGH cryptomarket cap The ATH marketcap is marked on the purple horizontal lines (2,9 to 3,0 trillion) and the C&H targets are marked with the purple arrows, left is most otimistic, right pessimistic Is important to say price is on a little triangle formed by yearly long support (big blue dotted diagonal line) and yearly fib circle resistence (continuous red thin line0) This triangle can still break low to find the support on the thick green 200 EMA line and others yearly supports As we are on a region with a lot of multi year support, guess what? Break up is a matter of time; I´ll give approximately 4 weeks to this setup completion (marked with red flag and another confluence with the next multi year long fib circle)
CRYPTOCAP:TOTAL
by CCCLopes
CVNA Big Bullish PotentialHey guys! Found a setup I happen to really like that Carvana NYSE:CVNA has been forming this past few months. I generally would stay away from a company/stock like Carvana, as potentially bankrupt-bound companies are not what I like to trade. But I couldn't help but realize the Cup & Handle being formed on the weekly chart currently. Below are some highlights of what I find attractive in the technical layout of this setup: - Weekly Inverse Head & Shoulders / Cup & Handle - Momentum is leaning bullish (TTM_SQUEEZE) - Bought up from $20 demand zone - Daily Chart has ema cloud bounce - Decent Volume Accumulation Limits to this / confirmation needed: - Weekly ema cloud testing key area - Monthly Ema Cloud key level as well Closing Notes: I do believe that this technical setup is very strong. I also like that not many of the fundamentals & catalysts will likely play into this as Q3 Earnings just reported. This ER also swung a profit in EPS, and sent a pop in the stock adding to some positive sentiment surrounding NYSE:CVNA Overall I am looking to go long on a bullish retest of some sort and wanted to share a setup I have not seen in a while!
NYSE:CVNALong
by ZachSap