UNI-USDT(Ascending Triangle Breakoout)1. With TVL in the DEX protocols standing at $16 Bn, Uniswap stands in the third position with $4 Bn locked in its protocol.
2. UNI has been trading above its 20 and 50 DEMA. It is not able to sustain above $35. Closing above $35 on Daily Time Frame may trigger fresh buying to the upside to the levels of $39 followed by $45 .
3. The support to the lower side is present at $32.5 .
Ascending Triangle
CYIENT 1D ASCENDING TRIANGLENice bounce from the intermediate trend line three times with good above avg volume and then retracement with low decreasing volume. Breakout with nice volume. Overhead resistance is present indicating proper exit points to be careful about. Triangle is not perfect yet the formation is interesting. NSE:CYIENT
UPDATE: MCX Mentha Oil Overall Outlook Is 'Strongly Bullish'MCX Mentha Oil Overall Outlook Is ‘Strongly Bullish’
How many of you bought Mentha oil after reading this report?
Mentha oil made a high of 964.9 yesterday, and the first target has come.
Approx. Profit /L = Rs.15,000+
The short-term investors can book profit here. As I mentioned in the above chart, it's MA crossover time. It may move sideways.
Overall, it's in an uptrend. Hence, the targets will remain the same.
MCX Mentha Oil Overall Outlook Is 'Strongly Bullish'First, wait for a clear Ascending triangle form. Right now, MCX Mentha oil at the support trendline (rising lower trendline). It will try to hit 964 - 986 - 1000 - 1020 levels from here. Intraday traders can go with the current trend.
But don't buy below the support trendline.
Edelweiss- A chart worth looking.This is a chart which is worth looking at.
Monthly chart is reflecting that it is at its demand level in monthly time frame. Most importantly it stopped making lower highs and lower lows after a long long time.
Last time stock moved to higher levels exactly from these levels and now testing the same levels again.
Monthly Chart for the reference:-
Looking at weekly chart it is riding a trendline and making higher lows as well. We can look at it other way as well .
Sellers are getting weak with every swing and are unable to push prices at lower levels.
Weekly chart for the reference :-
Now finally lets look at daily chart
Price is testing/rejecting levels of 86.50 again and again. and it is kind of making an ascending triangle which is also giving positive signs and dont forget to look at the volumes which is being generated in last few trading sessions.
Keep an eye folks Fingers Crossed.
Happy Trading.
Godrejcp | Inverted Head & shoulder Breakout 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕
-- Buy above =767 or CMP
--Target = 850 | 898
--Stop-loss =716
--R:R =2.55
--Expected Profit = ( 16% )
--Expected Holding = 1-3 Months only
#ThankU For Checking Out Our Content , We Hope U Liked IT 📌
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⭕Technical Reasons to trade or Strategy applied :- ⭕
1) stocks has given the Breakout of major resistance & retested is DONE
2) Head & Shoulder Formation & its breakout
3) there is a ascending triangle pattern sort of
4) Volume is very perfect at the time of breakout & after the retracement as well
5) Targets is based on S&R zone rather than pattern's height
Guys check out the related ideas as well, it will work really well GUARANTEED !
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✍COMMENT Below your view !
DR.REDDY is ready for a breakout...Heavy volumes are seen and you can clearly see a DIVERGENCE in RSI.
might see dip tomorrow.
but i feel as the market is up no one is going to take a risk & its a breakout tomorrow
if breaks its 1st target is going to be 4780.
buy a call in the price and Relax. and of course put a stoploss.
All the best ;)
Bitcoin is showing a breakout in 2H chartBitcoin (BTCUSD) has given a breakout in 2H chart from an ascending triangle pattern. it also seems like a Bullish pennant. First target is likely around 53000 - 54000 level while the second target as per bullish pennant is around 57000.
Stop-loss can be kept around 46000 levels.
Disclaimer: - These views are for educational purpose only and not a recommendation.
Tata steel ascending triangle hourly chartOn Tata Steel hourly chart, ascending triangle is about to breakout. As per text book rule this pattern breaks out northwards. In this case of Tata Steel, There is no space remain in triangle for price to move. Rally in stock market itself push price out of the pattern on upward side. fundamentally, no bad news about sector or about this company is in the air. So we can expect upward breakout upwards. Target is Rs 700.
UBL GOOD LONG CANDIDATEUBL SPOT CMP 1297
NEAREST RESISTANCE IS 1308 LEVELS,, ABOVE THAT COUNTER MAY GIVE SHARP UP MOVE OF 5-7-10%
ASCENDING TRIANGLE PATTERN FORMATION HAVING RESISTANCE LINE AROUND 1308
INVERSE HEAD AND SHOULDER PATTERN FORMATION HAVING NECKLINE AROUND 1308
VCP PATTERN FORMATION CONFIRMS BREAKOUT ABOVE 1308 LEVELS
Long positions can be created above 1310 levels ,, with stoploss of 1270 on hourly closing basis,, for upside targets of 1375-1400-1425-1450..
Good long candidate.