WebApr 12, 2024 · The stock recorded a breakout from the Cup and Handle pattern on the weekly charts for the week ended 3 April 2024. The stock rose more than 10% in a month. Short-term traders can look to buy the stock now or on dips for a possible target of Rs 50 in the next 3-6 months, suggest experts. WebJun 30, 2024 · A Cup and Handle Pattern has the following constituents: Cup: The Cup in the Cup with Handle is a rounded bottom and looks like a ‘U’. The cup should be of 2 to 6 month long, no longer then 9 months. The longer it is the better it is. The Cup should ideally not be very deep, and also not be sharp and shaped like a ‘V’.
What Is a Cup and Handle Pattern? - Investopedia
WebFeb 14, 2024 · A cup-and-handle pattern is the name of a chart pattern used in technical analysis that describes a bullish continuation trend in the price of a security, typically a stock. Traders sometimes use this pattern as a signal about when to buy the stock. As with all forms of technical analysis, this pattern essentially tracks investor behavior, not the … WebAbout Press Copyright Contact us Creators Advertise Developers Terms Privacy Policy & Safety How YouTube works Test new features NFL Sunday Ticket Press Copyright ... simple diagram of lungs
How To Trade the Cup and Handle Chart Pattern - The Balance
WebJan 2, 2024 · The 60-minute cup and handle pattern offers an excellent timing tool when looking to buy a larger-scale trend that doesn't show a low-risk entry price on the daily or weekly chart. Akamai ... WebSep 26, 2024 · Also Read: Important Chart Patterns to Make Money in Stock Market. Cup and Handle Pattern Example. Let’s understand this pattern with help of examples. Scenario 1: As a Continuation pattern. This is an example of Cup and Handle as a continuation pattern in Nifty news which was formed in a span of about 2 years. WebOct 6, 2014 · The Cup and handle pattern is a sideways pattern and is ultimately resolved towards the open side of the “cup”. Take-care while detecting: Cups with the longer lasting and more “U” shaped bottoms are considered best. An ideal cup should not be too deep. Also, avoid cups with sharp “V” bottoms. For handles: Avoid handles which are too deep. simple diagram of mccb