BRETT Meme Crypto Price Action Bull Run Update- Brett is currently trading at 0.214$
- Brett on base is a very famous Meme and has taken fewer digs recently while other memes were crashing hard
- Technically Brett is consolidating near its all-time High and now looks all set to purge higher it highly depends on how large the infusion is going to be in the memes sector
- I can see 0.16-0.19$ as an extreme accumulation zone for this
- If you are already holding BRETT then I would highly suggest to keep holding until you print 100% at least
Beyond Technical Analysis
Nifty Week AheadNSE:NIFTY looks Bullish after 100 DSMA is breached.
Support and Resistance have been Marked.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
PB Fintech - Potential IPO Breakout - Good above 1350Policy Bazaar / PB Fintech at IPO base breakout with all time high volume
MSCI Inclusion will give boost to this stock.
One can enter above 1350 for safety for potential Targets plotted on the chart.
Strict SL of - 1270
Disclaimer : Educational Content. Do your own research !!
PRICE ACTION IS MEANINGLESS?In the world of trading, price action speaks volumes. It’s the foundation of every decision we make in the market. But here's the key point many traders miss: price action alone is not enough.Without the proper context, a big green candle can be just as misleading as a big red one. The context—the story behind the price movement—is what truly tells you whether the market is bullish or bearish.
The Power of Context in Price Action
Price action is simply the movement of a stock’s price over time. While it may seem obvious that a big green candle signals bullishness and a big red candle signals bearishness, context is what transforms these movements from ambiguous signals into reliable trade decisions.
Here’s why understanding the context is crucial:
1. Where is the price in relation to key levels?
2. What is the trend on the larger time frame?
3. Are there any news events or market conditions influencing price action?
Example 1: A Big Green Candle at Resistance
Let’s say you're watching a stock that has been in a downtrend for the past few weeks. Then, out of nowhere, a big green candle appears. On the surface, this might look like a clear buy signal. However, this price action needs context.
- Is this big green candle happening at a key resistance level?
- If it is, context suggests that this may just be a short-term rally before the price gets rejected again.
- In this case, the green candle isn’t necessarily a bullish sign. It could just be a bearish retracement where price tries to go up but is quickly met with selling pressure.
Context: A big green candle at resistance often signals a potential rejection or a false breakout, especially if it's followed by a reversal candle or high-volume selling.
Example 2: A Big Red Candle in an Uptrend
Now, let’s look at a stock in a strong uptrend. Suddenly, you see a huge red candle. Naturally, many traders might interpret this as a trend reversal or a sign of bearish momentum. However, the context is what tells a different story.
- Where is this red candle located?
- If this candle shows up during a pullback or consolidation in the uptrend, it may be nothing more than a healthy correction within a larger bullish trend.
- A large red candle during an uptrend doesn’t automatically mean the trend is over. Instead, it might just be a natural retracement before the stock continues moving upwards.
Context: A red candle in an uptrend could indicate a buying opportunity as part of the trend’s normal behavior. It’s important to see if the price quickly recovers, which would confirm the continuation of the uptrend.
Example 3: A Big Green Candle at Support
Consider a stock that has been falling but is now approaching a strong support level. At this point, a big green candle forms. On its own, this green candle could look like a bullish signal. But what’s the context?
- Is this a reversal at support?
- A big green candle at support indicates a potential trend reversal. If the price was in a downtrend and this green candle forms at a strong support level, it may signal the beginning of a new uptrend.
- The context of the support level adds credibility to this bullish move, as it indicates that the buyers are stepping in at a historically significant price point.
Context: A green candle at support is a strong bullish signal when backed by the right support zone, volume, and additional confirmation like a follow-up candle or a breakout.
Example 4: A Big Red Candle During an Uptrend
A scenario might also present itself where a large red candle forms after a series of green candles in an uptrend. This might initially signal a bearish reversal. But if you zoom out and look at the bigger picture, the larger context may show that the price is simply testing a higher level before resuming its uptrend.
- Is the trend still intact on higher timeframes?
- If the larger trend is still intact (say, on the daily or weekly chart), the red candle may just be a minor retracement or profit-taking phase within the ongoing bullish movement.
Context: A red candle in a strong uptrend might only indicate a pause rather than a trend reversal. Watch for signs of continuation after the retracement to determine the true direction.
The Right Context: A Powerful Trading Edge
The key takeaway is that context turns a simple price action pattern into a meaningful signal. A big green candle isn’t automatically bullish, and a big red candle isn’t automatically bearish. You need to ask questions like:
- Where is the price relative to key levels (support, resistance, moving averages)?
- What is the bigger trend on higher timeframes (daily, weekly)?
- Are there any external factors influencing the market (news, earnings, etc.)?
Understanding the context allows you to read the market more accurately, make smarter decisions, and avoid falling into the trap of emotional or impulsive trading. Remember:price action without context is just noise.
By always considering the bigger picture, you’ll be able to make much more informed and confident trading decisions, and most importantly, stay ahead of the market.
Want more insights? Follow for regular price action analysis and advanced trading tips that can help you sharpen your skills and spot profitable opportunities!
Nifty Breakout Confirmed: Targeting 26200Key Takeaways:
Bullish Breakout: Nifty 50 has decisively broken above the crucial Daily trendline resistance, signaling a strong bullish momentum.
Strong Technical Support: The index is comfortably trading above the 50-EMA, indicating a short-term uptrend.
Recent Price Action: The recent rejection of the 50-EMA and trendline has acted as a catalyst for the current uptrend.
Target Price: Based on the current momentum and technical indicators, a target of 26200 seems achievable.
Risk Management: Proper risk management is crucial. Avoid overleveraging and consider using stop-loss orders to limit potential losses.
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Disclaimer:
This analysis is for educational purposes only and should not be considered as financial advice. It is important to conduct your own research 1 or consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results
BOME Meme Coin Bullish Setup (Crypto Bull Run)- BOME is currently trading at 0.010863
- Bome falls under the meme category and has a huge pending upside. The last meme coin rally was parabolic for many meme coins except BOME where we barely saw it breaching its ATH
- Structurally you need to look at BOME and understand the HTF we have seen 2 higher highs and 2 higher lows no market structure shift to bearish so far
- Big wicks and liquidity raid done now it looks all set to purge above 0.018$
- If you are holding it in the spot you can continue to hold BOME you can easily milk 50-60%
- Always manage risk
Entry at SupportThis trade is based on Exponential Moving Average (9 &15) considered in the Weekly Time Frame.
A trade can start at the current level (Entry between 795 to 780). Maximum risk to be considered is 5% to 6%. However a strong Candle closing below 740 level will indicate EXIT from the trade.
The stock can show upward movement as below:
1) 1st Target is 20% from current level
2) 2nd Target is 30% from current level
3) 4th Target is 50% from current level .
**All targets to be observed in Weekly time frame**
TRACK YOUR SUCCESSIn a world overflowing with information and distractions, journaling serves as a compass, guiding us toward self-awareness and growth. While the practice has been celebrated in personal development circles, its value extends significantly into the trading world. By journaling, you create a detailed record of your thoughts, emotions, decisions, and outcomes—data that can help refine your approach to life and trading alike.
What Is Journaling?
Journaling is the practice of recording your thoughts, actions, and reflections in written form. It can be as simple as jotting down your day-to-day experiences or as structured as maintaining detailed logs of your trading activities. In essence, it’s a habit of observing, documenting, and analyzing your journey to foster growth and improvement.
Why Journal Your Life and Trades?
1. Improved Decision-Making
- Life: Reflecting on daily choices reveals patterns and recurring themes, helping you make more informed future decisions.
- Trading: A trading journal documents your strategies, entry and exit points, and emotional state during trades. Reviewing this data illuminates what works and what doesn’t.
2. Emotional Regulation
- Life: Journaling provides a safe space to express emotions and clear mental clutter.
- Trading: Writing down your emotions before, during, and after trades can help identify biases, such as fear or greed, that influence your performance.
3. Accountability and Discipline
- Life: Regularly writing down goals and tracking progress holds you accountable.
- Trading: Documenting every trade creates a structured routine, fostering discipline and preventing impulsive decisions.
4. Tracking Progress
- Life: Seeing how far you’ve come in various aspects of your life can be incredibly motivating.
- Trading: Analyzing your win rates, risk-reward ratios, and other metrics helps measure growth as a trader.
Good Examples of Journaling
1. Life Journaling
- Morning Reflection: "What are the three things I want to achieve today? How do I feel right now?"
- Evening Summary: "What went well today? What could have gone better? What did I learn?"
2. Trading Journaling
- Trade Details:
- Date and time
- Asset traded
- Entry and exit points
- Position size and risk level
- Thought Process:
- Why did I enter this trade?
- What was my strategy?
- Did I stick to my plan? If not, why?
- Emotional Analysis:
- How did I feel before entering the trade?
- What emotions surfaced during the trade?
- Did these emotions affect my decisions?
Journaling Formats
- Digital Journals: Use platforms like Excel or tradezella.
- Physical Journals: A notebook allows for freeform thoughts and creative expression.
Conclusion
Journaling is more than a habit; it’s a tool for self-discovery and mastery. For traders, it transforms the chaotic world of markets into a structured learning ground. For individuals, it turns life’s noise into clarity. By committing to this practice, you set the stage for consistent growth, both personally and professionally. So, pick up that pen (or open that app), and start journaling your life and trades today—you’ll be amazed at the insights and improvements it brings!
Your Turn
Do you already journal your trades or life? If yes, how has it helped you? If not, what’s stopping you from starting? Let’s discuss in the comments!
EURUSD_4HEURUSD_4H BEARISH
Everything is mentioned on Charts.
Please always look for double confirmation before entry.
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
IT Bees looks good for a positional medium-term play.#tradeideas #ITbees.
Looks good for a positional medium-term play.
-Nifty IT along with BN is supporting Nifty.
-IT sector shows resilience in this market fall.
- Positivity in US market (NASDAQ)
- Easy to get in and out. Good liquidity.
What could go wrong?
- Overall bearish sentiments in our market. If NIFTY were to fall further, IT would follow suit.
- Dependent on NASDAQ move, so pay close attention
to US markets.
Overall this is a low-risk setup. Risk is only 6.5-7%. Build positions sensibly. Risk management is key. Do not put all your money at once. And respect the SL. Building this position early because if we were to get a reversal soon then the rewards will be good. If the reversal is not sustained then our risk is still less.
This is just a view and chart shared for educational purposes only.
ASALCBR - 3 Months Consolidation Breakout - All Time HighAssociated Alcohols & Breweries Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (September, 2024). Now, It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (1200 - 7.80% from the current price 1112.95).
4) Recommendation - Strong Buy.
MCX - 2 Months Consolidation Breakout - All Time HighMulti Commodity Exchange of India Ltd
1) Time Frame - Daily.
2) The Stock has been in a Consolidation since (October, 2024). Now, It has given a Consolidation breakout & Closed at it's Life Time High with good volume & good bullish momentum candle in Daily Time Frame.
3) The stock may find it's next resistance around the price (7900 - 14.15% from the current price 6920) .
4) Recommendation - Strong Buy .
Beautiful Breakout in OM INFRANSE:OMINFRAL today gave a beautiful breakout after closing above the 200 DSMA. The MACD is still in the Buy Zone.
NSE:OMINFRAL is an infrastructure company with diverse business activities and interests related to Hydro-mechanical equipment, turnkey solutions for steel fabrication, Hydropower developments, Real Estate, Entertainment centres, and Hotels.
It is also backed by Vijay Kedia Sir
🙋♀️🙋♂️If you have any questions about this stock, feel free to reach out to me.
📌Thank you for exploring my idea! I hope you found it valuable.
🙏FLLOW for more
👍BOOST if useful
✍️COMMENT Below your views.
Meanwhile, check out my other stock ideas below until this trade is activated. I would love your feedback.
Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
BANK NIFTY - Key levels for 09.12.24BANK NIFTY - Key levels for 09.12.24
1. Bank Nifty is at its power supply zone
2. As we are at the Selling zone, Longs should be very careful.
3. Also, we might hit ATH if this supply zone is not respected.
4. R1 and S1 are marked in the image.
It would be better to be cautious from from LONGS. Thank you.
Regards
Bull Man
Big cup pattern in L&T Finance L&T Finance makes an attractive buy with PE 14,PB 1.5 Company is shifting from wholesale business to retail loans franchise. With strong promoter of L&T and AAA credit rating and promoter guidance of maintaining sustainable ROA above 3% makes it a valuable buy for next 5 years.
Stop loss at 100.
Target for next 3 years - 300 min.
Looks reasonable valued as compared to its peers. 20 % grower available at 14 PE.
XAGUSD_15M XAGUSD_15M BULLISH
Everything is mentioned on Charts.
Please always look for double confirmation before entry.
Wish you Happy & safe Trading.
Trade as per your own RISK
Please Note:
My studies are for educational purpose only.
Please consult your financial advisor before Trading or Investing.
I'm not responsible for any kinds of your Profits & Losses.
Dhani aiming for a stage 2??#Dhani
After a long downtrend, started the uptrend and is now at a 2-year resistance forming CNH. If broken out then this could be a potential stage 2 candidate.
Keep on the radar as a positional pick. SL is very deep so position the size accordingly and manage the risk.
The chart shared is just to notify you of this setup and is not a buy-sell recommendation.