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Cupandhandlepattern

Zomato : Gearing up for 80 & 88. Possible 116 in the near future Good Day, Hello Traders, Zomato looks good from here on but it all will depend on the trend of the market as the festive season is coming up (Diwali), Sales will be up and this will reflect in the Price. Also it is coming out of as a breakout of a Big Trendline and sustaining above it succesfully. Made a big Rounding bottom It made a low at 38.10 (August)and trading now at 70.30 .Slowly it will achieve small target of 80 and 88. Possible target around 116 as it is the depth of the cup which is in the making. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:ZOMATOLong
by Piscean17th
1
Cup and Handle Forming (Basing)Roller coaster day today. We opened in the morning with a gap down, pushed a little lower and recovered by EOD. 20 day as was my anticipated target for today and we are now basing in in this general area. Cup and Handle pattern looks like it's forming, especially if we hang out here tomorrow and Friday. Might just be tomorrow and then Friday could set the tone for next week and possibly the month. Important to be aware that in the event we move higher than 3850ish, it will invalidate the cup and handle pattern I'm waiting for. If we blow past 3850 and continue higher, I'll have to reassess the market in the coming days before I take any short positions. We are still in a bear market so these rallies can have aggressive upwards movement. Tomorrow we could visit the 3850 area and need to monitor the reaction if it gets there. Will have to sit on my hands to see what happens. Remember, don't predict. React. Be patient. Happy trading!
SP:SPX
by MMOTA_
Cup and Handle FormingImpressive day today with a strong close. As of last week, we were forming a low base pattern, signaling more down side to come. I was anticipating more selling to happen at the start of this week. And......Well..... Here we are blowing 3800 a kiss before tomorrow. However, last week, I did have in mind a cup and handle pattern forming before making its way lower. Reason behind that, is due to the amount of selling we experienced throughout the month of September. So there was a high probability of a small rally to complete the cup and handle pattern. I think we have to wait to see the reaction at the 20 day moving average. Which, we're technically there. Could we go test that 50 day average by the end of this week? That would put us at 3900ish. Super aggressive move that COULD happen and still form the cup and handle I'm looking for. But overall, my lean is more on just hanging out here in this 3800ish area for a couple days. Then, slowly start making our way down to complete the handle. If the VIX gets to 40, within the next 5-7 trading days, then I think we can head lower much faster. Only time will tell. Happy trading everyone!
SP:SPX
by MMOTA_
4
COM7 | Elliott Wave Projection | Target Inv. Cup&Handle BreakoutPrice action and chart pattern trading setup: > A possible inverted cup&handle pattern ABC correction > stock price once again testing its support and probably making another pullback one more time > Target handle pullback @ 0.382 - 0.236 Fibonacci zone > Target downtrend C wave @ inverted cup&handle breakout @ 0.786 - 1.0 fibonacci extension of A wave > Stoploss can be placed at the upcoming pullback wave 4 correction -12% > Risk reward ratio: 2.5:1 Always trade with affordable risk and respect your stoploss, nothing 100%
SET:COM7Short
by dukeposh
NIFTY METAL - Just a viewKey highlights: 💡⚡ 📊 Currently CNXMETAL trading at level 6027 and 6019 is its support level which is also cup & handle neckline which may work as support line. 📊 If it is breaking support level one can go for SHORT into METAL sector. IF SUPPORT LEVEL IS BREAK THEN ONLY GO FOR SHORT TRADE. ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy Navaratri 🕉️ 💃🏻🕺🏻 Happy learning with trading. Cheers!🥂
NSE:CNXMETAL
by radha_23
Bitcoin Inverse Cup and Handle pattern 2022Could we be seeing an inverse cup and handle pattern forming here? Looks pretty close to one if you ask me. We have this trendline that has yet to be broken since the high of $69k for Bitcoin back in April 2021. I have a hunch Bitcoin will possibly try to break this yellow descending trendline and then make for a serious correction to the downside possibly down to the $12k range. Gareth Soloway is the one I saw this trendline with but i have not seen anything on this cup formation as of yet.
BITFINEX:BTCUSDShort
by altcoinb
TSLA breaks above Cup and HandleAs shown on the daily chart TSLA started the cup of a cup and handle pattern in early May and completed the cup in mid-August The handle then formed. Central to the trading of the cup and handle is that upon clearing above the price level of the top of the cup, the stock will begin bullish continuation. TSLA is now at the top of the cup and potentially in continuation. Setting a buy stop slightly below the current price with a stop just below the top of the cup at perhaps $306 would seem to be a low-risk long trade setup.
NASDAQ:TSLALong
by AwesomeAvani
AMPS - Cup w/ Handle Breakout BuyAMPS is coming out of a textbook cup with handle pattern, triggering a buy here. AMPS is somewhat of an under-the-radar solar stock. Unlike most solar companies which make panels, chips, or mounting systems for customer-owned solar energy systems, Altus is an electric utility company whose power comes exclusively from solar generation. I actually prefer the names that don't already have a million eyeballs on them. EVERYONE is watching ENPH, FSLR and the other big solar names. But AMPS is setting up to be a big mover. The 200-day moving average is finally turning up, signaling the beginning of the stock's first Stage 2 uptrend. If this is indeed the beginning of a new stage (see my previous post on the 4 Stage of the Stock Cycle), there could be massive upside from here.
NYSE:AMPSLong
by rossgivens
4
ETHEREUM Is gonna be Bearish. Here is Why+Target!ETH is in a Inverse Cup and Handle Pattern. this is a Bearish Pattern of course But We also have another Bearish Pattern as well which is a Descending Triangle Pattern.Right now The Price is at a Pretty Neat support zone which is a Support zone ,Bottom of the Triangle & also the Break out Point of the Inverse Cup and Handle Pattern. but It is Expected For ETHEREUM to Enter a lower Zone Pretty Soon. The Price will Surely Reach 1250$ (at Least). we shall Expect The Bearish Movement Because The Break out Required For Doing this Movement Is gonna Happen Pretty Soon! _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
COINBASE:ETHUSDShort
by CobraVanguard
9