Daily Timeframe Analysis:
Price Action: Sustained bullish momentum with price consolidating near the 2845 resistance (Cup & Handle pattern).
Pattern Confirmation:
Cup Formation (Multi-month): Reflecting accumulation.
Handle Consolidation: Short-term bullish flag pattern near 2845, signaling readiness for breakout.
Volume Trend: Rising volume during upward moves indicates strong buying interest.
EMA Alignment: Price comfortably trades above 20 EMA (dynamic support) and 200 EMA (long-term trend baseline).
Technical Indicators:
RSI (14): Bullish crossover above 60, confirming strengthening upward momentum.
MACD: Bullish signal line crossover.
Support/Resistance:
Key Support: 2655 (swing low, invalidation level).
Breakout Zone: 2845-2880 (critical resistance to watch).
Trade Strategy (Positional):
Entry Trigger: Breakout and close above 2845 with retest confirmation.
Stop Loss: 2655 (below handle’s swing low; protects against false moves).
Targets:
2958 (All-Time High, immediate liquidity zone).
Open Sky Above ATH (structural resistance absent beyond 2958).
Risk-Reward: 1:3+ (favorable asymmetry).
Why This Works?
Pattern Strength: The Cup & Handle is a high-probability bullish continuation pattern. A breakout above 2845 confirms the uptrend resumption.
Indicator Synergy: RSI bullish crossover + price above key EMAs aligns with institutional accumulation.
Volume Validation: Rising volume on upward legs signals conviction.
Risk Management:
Risk 1-2% of capital per trade.
Trail stop loss to breakeven at 2958. Partial profit booking advised at ATH.
Chart Notes:
A close below 2655 invalidates the setup (watch for breakdown signals).
Surge in volume on breakout adds conviction.
Final Take:
TVSMOTOR’s daily chart shows a textbook Cup & Handle pattern, supported by rising volume and bullish momentum. A breakout above 2845 opens the path to retest ATHs, with minimal resistance beyond. Trade the breakout, respect the SL, and ride the trend!
#TVSMOTOR #Breakout #CupAndHandle #TechnicalAnalysis #Bullish
Disclaimer: This is not financial advice. Always conduct your own analysis.
Price Action: Sustained bullish momentum with price consolidating near the 2845 resistance (Cup & Handle pattern).
Pattern Confirmation:
Cup Formation (Multi-month): Reflecting accumulation.
Handle Consolidation: Short-term bullish flag pattern near 2845, signaling readiness for breakout.
Volume Trend: Rising volume during upward moves indicates strong buying interest.
EMA Alignment: Price comfortably trades above 20 EMA (dynamic support) and 200 EMA (long-term trend baseline).
Technical Indicators:
RSI (14): Bullish crossover above 60, confirming strengthening upward momentum.
MACD: Bullish signal line crossover.
Support/Resistance:
Key Support: 2655 (swing low, invalidation level).
Breakout Zone: 2845-2880 (critical resistance to watch).
Trade Strategy (Positional):
Entry Trigger: Breakout and close above 2845 with retest confirmation.
Stop Loss: 2655 (below handle’s swing low; protects against false moves).
Targets:
2958 (All-Time High, immediate liquidity zone).
Open Sky Above ATH (structural resistance absent beyond 2958).
Risk-Reward: 1:3+ (favorable asymmetry).
Why This Works?
Pattern Strength: The Cup & Handle is a high-probability bullish continuation pattern. A breakout above 2845 confirms the uptrend resumption.
Indicator Synergy: RSI bullish crossover + price above key EMAs aligns with institutional accumulation.
Volume Validation: Rising volume on upward legs signals conviction.
Risk Management:
Risk 1-2% of capital per trade.
Trail stop loss to breakeven at 2958. Partial profit booking advised at ATH.
Chart Notes:
A close below 2655 invalidates the setup (watch for breakdown signals).
Surge in volume on breakout adds conviction.
Final Take:
TVSMOTOR’s daily chart shows a textbook Cup & Handle pattern, supported by rising volume and bullish momentum. A breakout above 2845 opens the path to retest ATHs, with minimal resistance beyond. Trade the breakout, respect the SL, and ride the trend!
#TVSMOTOR #Breakout #CupAndHandle #TechnicalAnalysis #Bullish
Disclaimer: This is not financial advice. Always conduct your own analysis.
Trade attivo
Break out happened today with big green candle. Entry Triggered.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.