This post focuses on customizable factory scans associated with Cup & Handle classical chart pattern. These factory scans can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.
Display recent Cup & Handle classical chart patterns
Tags: Cup & handle pattern; Confirmed cup & handle pattern
List symbols where pattern is Cup Handle
Add Column Cup Handle Status as Status
Add Column Cup Handle Target as Target
Add Column Cup Handle Date as Date
Apply to NSE
Plot
This scan identifies NSE symbols that have recently formed a Cup & Handle pattern. The scan results report shows the current status of each pattern, whether it is confirmed, unconfirmed, or if the target has been achieved.
Additionally, the report includes the target level and the date when the pattern was triggered.
Confirmed Cup & Handle classical chart patterns
This scan specifically identifies confirmed Cup & Handle patterns and shows the number of trading bars (time elapsed) since the pattern was triggered.
List symbols where pattern is Cup Handle
and Cup Handle Status = Confirmed
Add Column Cup Handle Status as Status
Add Column Cup Handle Target as Target
Add Column Cup Handle Date as Date
Add Column BarsSince(pattern is Cup Handle) as BS
Apply to NSE
Plot
For insights into the Cup & Handle classical chart pattern, including the psychology underlying the pattern, and how to trade the pattern, as well as an exploration of its advantages and limitations as a tool, click here.