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Beyond Technical Analysis

Bitcoin Looks Promising on Bullish SideBitcoin has made double bottom base at around 53000 price range. Also in weekly time frame, coin is in consolidation to negative pattern which shows a FLAG AND POLE pattern possibility. Other support is near to 40000 to 40600 price range. In Monthly Time Frame it is just showing profit booking. If price breaks above 64000 in weekly candle or sustains above 70000 (Safe Side+ breakout of flag and pole pattern) the price can reach to the levels given in chart. Follow for more such content. Disclaimer: Above is just my own opinion about the coin and is for educational purpose only.
by YogeshVerma1
1
Unlock KNRCON’s : Riding the Bullish Breakout to New HighKNR Construction Ltd (KNRCON), a few key features can be observed: Weekly High: Around 415 Weekly Low: Around 202.53 Current Price: Around 352.95 Breakout Structure (BOS): The stock seems to have experienced a breakout above resistance. Here’s a potential trading strategy based on the current data: 1. Support and Resistance Levels: Resistance Level: ~415 (near the weekly high) – if the stock moves towards this level, it could face selling pressure. Support Level: ~308 (50% Fibonacci retracement) – this can act as a strong buy zone in case of a correction. Long-term Support: ~202 (weekly low) – strong support level. 2. Entry Strategy: Breakout Trading: Since the stock has broken out from a previous resistance (BOS), a good entry point would be around the current price (352.95), with a target near the next resistance level (415). Pullback Entry: If the stock retraces, consider entering around the 50% retracement level (308) with a stop loss below the next support level (255). 3. Stop Loss: For an aggressive trade, place the stop loss around 308. For a more conservative approach, place the stop loss around 255 (75% Fibonacci retracement). 4. Target Levels: First Target: ~388 (previous highs) Second Target: ~415 (weekly high) Long-Term Target: If momentum remains strong, potential breakout beyond 415 could lead to a higher upside.
NSE:KNRCONLong
by OptimaltradeX
2
Breakout Stock: Engineers IndiaEngineers India has given a breakout from the support levels of 203, 212. Volume buildup also confirms the uptrend. Positive News about Engineers India as per CNBC-TV 18 report: Venturing into Green Hydrogen and Green Ammonia space Entering in high-end infra sector across geographies like UAE, Kuwait, Guyana, Algeria, Bahrain Expanded footprint to defence production. 2 Compressed Biogas plants to be put up based on agri waste. Orderbook is at an all time high of ₹11,300 cr.
NSE:ENGINERSINLong
by shanmurali
AUDUSD ANALYSIS 15M TIMEFRAMEFOREXCOM:AUDUSD Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. wait for more Smart Money to develop before taking any position . I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied... Keep trading Hustle hard Markets can be Unpredictable, research before trading. Disclaimer: This trade idea is based on Smart money concept and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions. Informational only!!!!
Short
by Phinics
Stock in Consolidation: Zydus Lifesciences Ltd.ZYDUSLIFE has been consolidating for the past couple of weeks. RSI of 43 shows weakness in the price momentum. It has strong support around 1108. Resistance levels are around 1213, 1300. 20EMA (Black Line) just crossed below the 50 EMA (Orange Line) indicating the weakness. However, if the support of 1108 is firmly held, we can expect some price momentum in the upside toward 1156 levels. We need decisive strength in volume to gain price momentum.
NSE:ZYDUSLIFE
by shanmurali
Reliance Breakout and Target AnalysisReliance has already given breakout and is now retesting its support. An early entry can be made here with a small SL of 2850 on weekly sustaining basis and target levels are shown in chart. Also a safe entry can be made above 3050 with same SL and Same Targets. Targets are concluded based on flag and pole pattern and range breakout pattern and lifetime high resistance. Also, price can go below or volatile due to FED Meeting outcome next week. So, stay tuned for more insights. Follow me for more such analysis Disclaimer: These are analysis done by me for educational purpose and is not a recommendation. :-) :-)
NSE:RELIANCE
by YogeshVerma1
2
Bank Nifty Predictions for 13 Sep 2024Support and Resistance for !3 Sep 2024, Trading Day Immediate Support: 51,010 (based on recent price pullbacks visible on the 5-minute chart). Immediate Resistance: 51,900–52,000 (tested towards the end of the session and aligned with previous swing highs from the daily chart). Trading Day Scenario (13th September 2024) Opening: The market is likely to open slightly gap up based on the strong close today. Market Trend: After a gap-up opening, it could continue to be bullish initially, but likely to face resistance near the 51,900–52,000 levels. Timing and Condition: Time Market Condition Strategy 9:15 AM Slight gap up Wait for retracement near 51,700, then buy Calls 11:00 AM Bullish uptrend Ride the trend; trail stop loss 1:00 PM Range-bound Avoid buying; wait for clear breakout 2:30 PM Possible breakout Re-enter long positions near support if holding Strategy for Next Trading Day (13th September 2024) Strike Price : For Calls, consider 52,000 CE if the price remains above 51,700 in the early session. Strategy : Based on the expected gap-up and bullish continuation, initiate Call Buying on retracements. Key Points: o Enter after confirming support holds around 51,700. o Use a trailing stop-loss method to protect gains. o Avoid holding during the late session if the market goes range-bound. Disclaimer : Manager your own Risk and money managements. Do not work without STOP LOSS.
NSE:BANKNIFTYLong
by JayeshBoradia