GRSE (Reversal Indication On DTF + 4hr Time Frame)Garden Reach Shipbuilders & Engineers Ltd (GRSE) is forming reversal on DTF and 4hr time frame. The stock has given reversal from 200 EMA Level on 4hr time frame. The possible upside remains for 1950, 2100 levels. Support on the 4hr time frame is placed at 1670 levels. Also, the stock has formed bullish engulfing pattern on DTF with Good volume.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is not a buy or sell recommendation.
4hrchart
JMFINANCIL Analysis!NSE:JMFINANCIL Analysis on a 4H Timeframe!
Short Term Movement Analysis on JMFINANCIL!
Double Bottom Pattern Formation in JMFINANCIL!
Double Bottom Neckline breakout at JMFINANCIL!
Analysis:
JMFINANCIL was in the Downtrend since 29 Jan 2024. We can clearly see it has made a Double Bottom Pattern. It also given the breakout to its resistance level which is nothing but pattern's neckline. After that it has retested the resistance level which becomes the new Support level. The bullish momentum started building after the breakout.
Consideration while taking the trade on Double Bottom Pattern:
1)Previous trend should be a downtrend
2)Volume at bottom 1 should be greater that Volume at bottom 2
3)The bottoms should be below 50EMA
Trade Setup=
Entry= Not recommend to enter now as price went way far from the breakout
Target= 110.78
Disclaimer = Consider my analysis for Educational Purpose only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
H&S on JPYINR 4H ChartJPYINR is completing double Head & Shoulders pattern on the 4H chart. Break of this baseline would be highly bearish for the currency pair. Otherwise, if this line is held, we can see strong bullish action as well.
Good time to wait and watch and take a trade when either side seems strong.
What the H&S!? What are the chances, OXT? 4HA head and shoulders possibly in production. Once OXT attempts 0.75-0.80 range, will a re-visit to the 0.25-0.30 range be in June? Looks to be a nice bearish BAT pattern that started forming around April 17 which may take us back to the 0.70s between May 5-8 before we begin to make a descent back down. What are your thoughts?
This information is not financial advice but it is our opinion. It is advised to do your own research and due diligence. Happy trading!
USD/CHF - buy moving up - 4h chart USD/JPY : usd/jpy is currently going to up trend for beyond the technical analysis SD/JPY moving up...
REASONS :
1. monthly chart for current support is strong and buying pressure is high
2. monthly chart - candle stick is engulfing and hammer forming for double conformation
3. the 4hr bottom of chart is forming inverted head and shoulder so usd/jpy is going up.............
USOIL 4 hours support line broken Market Analysis : Yesterday evening around 7:30 PM most of the retail traders who trades in commodity segment (Crude Oil) would have been taken sell call after 4 hours support channel broken and they were expecting market will fall heavily but market has taken support from 40.47 and reversed because of another support channel which i mentioned in chart
Double top Heavy resistance @ 149.70
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If it breaks the support of 139.4, then it perfect for shorting as per Double Top Pattern.
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If it does NOT break the support, it maybe a trend reversal to the resistance or movement of price in sideways.
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Warning: Today is the quarterly earning result of COAL IND. Please ensure to look at that too.
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Have a different view, please share in the comment so I can learn too. 4 hour CHART