Beyond Technical Analysis
ASIAN PAINTS FOR 50% GAINLeading company in the paints sector, Hit by the fear of new players coming in to the sector to disrupt the market, but the reality is The old player & the big player remains tobe the leader in the industry.
In the long term There's no sign of slowdown in the future.
Asian Paints, Indigo Paints, Berger Paints, Kansai Nerolac All are looking Lucrative .
Per capita paint consumption is very low compared to global average.
India's growth story for Upcoming decades looks Strong indicates a rise in the Paint consumption.
The leading company in the paints sector knows how to tackle competition.
The price is at support of multiple times.
Multiple patterns are in making on the longer time frame.
Asian paints is trading far below it's Average P/E of past 5 years.
Big Institutions and Mutual funds are buying at this price level.
Note: May have positions in the Stock and it's peers.
Bitcoin Bullish Setup & Volatility Commentary - Bitcoin is trading at 101,702$
- Economic Calendar always helps you refine your bias and understand how the expansion is going to be 90% don't even put stress on this.
- Technically the whole Flash Crash got bought back and what does this depict think psychologically we are witnessing demand whenever BTC dips
- All eyes are on the weekly closing of Bitcoin. If we close above the recent ATH, or above $102,000, it's going to be easy for us to purge way higher.
- While on the downside we can soon see 77,000-84,000$ and that's going to rebalance the price and help to structure become more stronger and valid.
- Manage risk and trade carefully instead of looking for Bitcoin Spot accumulation Ethereum is offering a better Risk to Reward
RPOWER - VCP & Flag & Pole breakout. Buy above 46.77RPOWER had earlier formed VCP Pattern, followed by Flag and pole breakout.
Rpower had its share of up's and down !! on one side it cleared almost all of its debt and on other hand it got banned by SECI.
Thankfully the co. is out of Ban and they won their biggest order
"RELIANCE POWER SUBSIDIARY, RELIANCE NU SUNTECH WINS 930MW SOLAR ENERGY
& BATTERY ENERGY STORAGE SYSTEM OF 1860 MWH PROJECT OF SECI
THIS IS THE SINGLE LARGEST PROJECT OF SOLAR AND BATTERY STORAGE SYSTEM IN INDIA"
One can enter above 46.77 for targets of 54/74/100. SL - 41.85
Disclaimer : This is Educational post. Please do your own research.
Protean Tech - Flag & Pole Breakout - Buy above 1965Protean - formed Flag Pole Pattern and gave breakout.
One can enter above 1965 for targets of 2200/2550/3000/3500
SL - 1772.
Please note this could be slow mover and largely depends on govt for orders.
Disclaimer : Educational content. Please do your own research
Nifty Next Move Decoded 11 December 2024Yesterday's Swing High will be taken and fall back to 24500 levels. Find only short setup. No longs all longs are going to be trapped.
Observe chart carefully and enter in 15 min timeframe today we will capture 200 points in nifty. Market might close again neutral so we wont carryforward our position. both side momentum will be there but our plan is only sell.
New Gen a low risk good reward setup.#Newgensoftware.
Looks promising.
- At trendline support.
- Good RR setup.
-Pull-back volume is low.
-Risk is 10%
❗️It is trading right below 50 DMA.
❗️Market is still sell on the rise.
Trade with limited quantity. Most of the setups are prone to failure in such market conditions. Add this to your WL and study.
The chart is shared only for educational purposes only.
Bank Nifty - Intraday chart for 11.12.24Bank Nifty - Intraday chart for 11.12.24
1. Triangle pattern formation with neat touches on both the sides
2. Selling zone and Buying zone for Intraday are marked in the image
3. Wait for the levels to come
4. Get candle confirmation to initiate fresh trade.
Thank you.
Regards
Bull Man
XRP, pioneer of the first crypto wave. How's now?XRP, along with BTC and ETH, was one of the first assets I started to know the crypto market.
With his historical path, the foundation for the crypto development in the past 10 years, and pioneer in the fight with the SEC and Central institution. Ripple was born in 2012, followed by XRP Ledger, and it was the first decentralized blockchain to offer solutions and tools to developers.
XRP works with several languages such as Java and Phyton. If every crypto, to survive, must have a utilization purpose, Ripple’s one is to be the blockchain for business.
The ledger technology and the federal consensus mechanism, put ripple on the podium for the historic importance. It was the first crypto to propose a technology to integrate the fiat with the crypto, the CBDC.
But, why is Ripple still struggling to find a solid growth trend?
The 2021 spike coincides with the altcoin seasons, and for now, seems that Ripple will join the party even this time. With an increase of over 300%, ripple has come back into the altcoin landscape. But we have already seen that it grows as fast as it will drop.
My thoughts are that XRP is meant to be a translator between crypto and fiat, between decentralized and central banks. Its normal price channel is around 1$, which would make perfect sense, if it would not have one of the highest volatility, kept above 100%, nonetheless, its funding was more than ten years ago.
Is it a worthy investment? For its uniqueness and historic path, ripple is in my portfolio. So far yes.
It has respected the strategy and the last day's drop, did not turn the bullish curve. Perfect reaction to the trendline and it coincides with 0.382 in fibo weelky. Patternwise we are creating a M-shape, even if the general opinion is more oriented to a pennant shape. Anyways, it’s a bullish market for Ripple.
My TPs are $3.3550, $4.000, and $4,400 in this next alt season. But, what’s concerning me is that awful cup pattern forming in the past week. What does it mean? I don't know but, as long as its trend is respected, I am still bull on this asset. We wait for the reaction at the 618, @1.90. Just the historic higher high in the context.
when technology overpass the monetary purpose It’s the time of TON, the ultimate favorite crypto, The Open Network.
I am very enthusiastic about this crypto due to its revolutionary aspect and underlying technology. The 2-blockchain system can resolve a few gaps left behind by past projects. Insure safety and scalability, without sacrificing speedy or increasing transaction costs.
I am a newbie on this network and we have just learned that it recovers all inefficiency left behind without space for a gap or liquidity void. Ergo, every time we see TON increase, stop the price on the spike, cause if it drops, it’s not going to stop at 61%. If LUNC created a cup shape, and the ripple has retraced at 618, TON just drops or hikes. But we must understand why it dropped… even if there is no sense, apparently.
So, despite all the other coins, TON November was ranging, from 9th till 23rd. On Nov 20th it started its bullish phase. Gaining almost 40% in 14 days.
But still, why this drop? In my opinion two reasons behind this. First is liquidation at 7$, Second, escaping from the trap. In a period when everyone is collecting their ATH (all-time high) Ton failed, and did not reach its last higher high at 7.26$.
Due to this reason, tons of TON were liquidated at the psychological level of 7$. Both take profit set there and stop loss set below the last higher high.
I like ton technology, but its circulating supply is just half of the total available, which means that a whale probably owns it, and they can potentially abuse it and manipulate the market.
So, is TON a good investment? In my opinion, yes. It is. Once we have a technology innovation, we just have to be patient enough to wait for the revolution to come itself.
The predictions are good, following a positive instinct regarding the expansion of dApps. But I am still working on its levels.
the survival: LUNCStarting from the fact that I am very disappointed in myself. I was blind by the FOMO. This stupid shit. And I did something we MUST NOT DO: do not buy on hype. Buy on reversal. Sell on hype. BUY ON REVERSAL. SELL ON HYPE. BUY ON REVERSAL. SELL ON HYPE.
This is the fucking rule with cryptos, especially with meme coins.
So, now that we are aware and more conscious, what’s going on here and what’s luna? why did I choose this asset?
Luna is the ex Terra Luna. Remember it? The one collapsed in May 2022 due to a technical problem on the blockchain that did not peg anymore their stable coin namely, USTC with the US dollar. Once the pegged 1:1 with the dollar was lost, the whole ecosystem dropped. But TERRA has also a few points that make it outstanding from other cryptos. First, is the community approach. The TERRA blockchain is very community, kind of the opposite of XRP which is a federal consensus. They community leading the Terra Labs worked for two years to restore and solve the issue behind the first collapse, and they created LUNC, namely, Luna Classic. Technically is just a fork of the previous blockchain. Practically they have assessed the speedy and safety of the transaction, keeping a community consensus. Luna is the first crypto trying to keep their volatility and price controls by themselves. As we said, the coin that lost the bet was USTC, the stablecoin to whom LUNA’s value was anchored. Now the LUNC price can support transactions in USTC and LUNC. The ecosystem is development-driven, I do belive we have entered a new phase of the cryptocurrencies market.
If the cycle 2020-2024 was titled by meme coin, NFT, lots of hype, and newbies, now the market is different:
first, we have institutional and governance interests, tons of whale and ETFs willing to purchase as many cryptos as possible and, cryptos are not longer founded on easier payment or the cheapest prices. These latter aims have been quite addressed in the previous cycle. Now the word is utilisation.
As with everything in the world, things grow cause people need it. To be alive, you need a purpose to live. The money can’t be a purpose but just a means.
Lunc is a low-priced coin, with less than 1B total market cap and all the supply available. Traded on 32 different exchanges, with a volume/market cap ratio of around 7%, which is higher than BTC by the way.
So, low price and high supply, low diluted liquidity volume, and high trading ratio.
Honestly, except for the fact I am curious to see the development of this coin, I want to keep something that has a full supply already available and has already survived two bubbles and one collapse.
On the price action side, this pump was surfing on the first Altcoin bullish round. The spike, followed by a correction at 0.618, was predictable,. The fomo spoke for us. As a target, the last LUNC higher high in binance would set a final target of a +300% surge. On the total portfolio, is worthy keeping it for a while, counted in the meme coin section.
AUDUSD_1HAUDUSD_1H 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.
XAUUSD_4H ANALYSISXAUUSD_4H ANALYSIS
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.