$NSE:TATATECH: Breakout of Descending Channel with RetestNSE:TATATECH has broken out of a descending channel with significant volume, indicating a potential trend reversal. After the breakout, the stock has successfully retested the breakout level, confirming support. This signals a bullish continuation, with buyers stepping in post-retest. Watching closely for further upside momentum.
Beyond Technical Analysis
Bitcoin Bybit chart analysis September 4Hello
It's a Bitcoinguide.
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This is the Bitcoin 30-minute chart.
There is a Nasdaq indicator announcement at 11 o'clock.
After coupling with Nasdaq, the candle's lower tail rebounded,
and it is moving sideways in an ambiguous position.
Based on the time zone wave, the 15-minute wave is in progress.
The 15-minute candle support line has been touched,
but the 15-minute candle resistance line has not been touched yet,
and the rising pattern has been applied to Tether Dominance.
In the case of Nasdaq and Bitcoin, it is falling strongly,
and there is no place to go short except for a vertical decline,
so I created today's strategy based on the possibility of shaking in both directions.
* When the blue finger moves,
it is a two-way neutral
long->short->long switching strategy.
1. 56,195.5 dollars long position entry section / When the purple support line is completely broken
or when the 2nd section is touched, the stop loss price
2. 57,444 dollars long position 1st target price -> Top 2nd target price
Depending on the strength of the rebound,
maintain the stop loss price adjustment to the Top or proceed with the short->long switching of the blue finger
The final target price is the Top section,
and when touched, I will connect the strategy after tomorrow.
The 1st section at the top is the first short position operation section of the 30-minute chart resistance line.
The 2nd section at the bottom is a place where a double bottom can occur,
but in the case of Tether dominance moving in the opposite direction of the beat,
the upward trend can be connected when the previous high is broken,
so I do not particularly recommend it.
There are a total of 2 support lines remaining from the Bottom at the bottom
to the long-term downtrend,
so please refer to it.
Up to this point, I ask that you simply use my analysis for reference and use only.
I hope that you operate safely with principle trading and stop loss prices.
Thank you.
news base oppotunitynews:
the company entered into a partnership with Onix Renewable Ltd. to supply steel structures and single-axis trackers for solar energy projects, with plans to eventually expand into dual-axis trackers.
Onix Renewable Ltd., the partner company, is involved in various sectors of renewable energy and currently has 600 MW of projects underway, with an additional 2200 MW planned. The new partnership is expected to contribute to the success and durability of these solar projects.
Rama Steel Tubes has incorporated a wholly owned subsidiary named, Rama Defence on 31 August 2024. The new company will carry out business in the field of defence sector such as trading, importing, exporting, manufacturing, assembling and supplying of defence equipment, arms, ammunition, explosives and related military and security hardware etc
focus:
: rama steel ltd enter in 2 most demanding sectors defence and renewable energy.
: fuuture growth of these sectors are too high,
: after news in stock shows heavy fii inflows
market cap before news 1500 cr
current market cap 2052 cr
price before news 10.30
current price 13.46
target price 24-30
*boost post and follow us for more news and valuation base data and research
multiple timeframe breakout UTI AMCUTI Asset Management Company Ltd is primarily engaged in the activities of raising funds for and to render investment management services to schemes of UTI Mutual Fund. It is registered with SEBI under the SEBI (Mutual Funds) Regulations, 1996. It was the first to introduce Mutual Funds in India and is focused solely on Investment management and related services.
Crude Oil MCX Future Technical Chart Analysis 05 Sept., 2024📈 Crude Oil MCX Future Technical Chart Analysis
📅 Date: 5th September, 2024
📊 Range Trigger Point: 5851
📉 Day Range: 197
🟢 Buy Above: 5944
💼 Average Position: 5921
🎯 Buy Target 1: 5973
🎯 Buy Target 2: 6048
🔵 Stoploss: 5878
🔴 Sell Below: 5897
🎯 Sell Target 1: 5729
🎯 Sell Target 2: 5654
🔵 Stoploss: 5963
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#CrudeOil #MCX #IntradayAnalysis #TechnicalAnalysis #BuyAbove #SellBelow #Stoploss
Bank Nifty Spot Technical Chart Analysis 5 Sept., 2024📈 Bank Nifty Spot Technical Chart Analysis
📅 Date: 5th September, 2024
📊 Range Trigger Point: 51400
📉 Day Range: 244
🟢 Buy Above: 51410
💼 Average Position: 51382
🎯 Buy Target 1: 51551
🎯 Buy Target 2: 51644
🔵 Stoploss: 51329
🔴 Sell Below: 51353
🎯 Sell Target 1: 51250
🎯 Sell Target 2: 51157
🔵 Stoploss: 51434
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Nifty Spot Technical Chart Analysis 5 Sept., 2024📈 Nifty Spot Technical Chart Analysis
📅 Date: 5th September, 2024
📊 Range Trigger Point: 25199
📉 Day Range: 132
🟢 Buy Above: 25166
💼 Average Position: 25150
🎯 Buy Target 1: 25280
🎯 Buy Target 2: 25331
🔵 Stoploss: 25121
🔴 Sell Below: 25134
🎯 Sell Target 1: 25117
🎯 Sell Target 2: 25067
🔵 Stoploss: 25178
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Adani enterprises bullish viewAdani enterprises share looks good at daily support an near 200sma .
Today's candle long wick rejection.
Last 3-4 days candles showing upside move from this zone . Take support s.
Entry after previous day high break .
Stoploss 1% of buying price
Target 2-5% minimum
Support zone 2970-95
Bitcoin to $100k+?The price of BINANCE:BTCUSDT at the moment is around $56,000, in a short term bearish momentum. If it'll break the $55000 mark, I think the Bitcoin can fall further till it reaches the $52,000 mark, and can take a reversal from that price zone and come back in a bullish momentum and would definitely cross the $100k in the long run.
Some of the reasons why I'm thinking like that:
- We can see it forming a Cup & Handle pattern from the Monthly Time Frame, currently falling to make a handle if it'll bounce back from the $52,000 mark.
- From the Weekly Time Frame, the Fibonacci's golden level (0.618) is exactly around the $52,000 mark.
- From the Monthly Time Frame, the Fibonacci's 0.318 level is also around the $52,000 mark.
This is just a perspective of mine, the previous liquidation grab have filled several gaps already, if it'll fall further I belief there will be a strong momentum and many buyers waiting on the 0.618 level or the $52000 mark to give it a healthy bounce back to $100k+.
ETHUSD View!!U.S. spot Bitcoin exchange-traded funds (ETFs) experienced their largest outflows since May 1, with net outflows reaching $287.78 million on Tuesday
According to , BlackRock’s IBIT, the largest spot Bitcoin ETF by assets, reported no significant flows for the day.
On the other hand, Grayscale’s GBTC, the second-largest spot Bitcoin ETF, saw $50.39 million withdrawn.
Fidelity’s FBTC faced the heaviest losses, with $162.26 million in outflows.More Funds See Outflows
BTCUSD View!!Bitcoin open interest (OI) has dropped 12% from $34.7 billion to $30 billion over the past week, which is a net positive considering current market conditions.
Rising OI when prices move sideways after a flash crash indicates that more short positions are being opened. Multiple days of negative funding rates after Aug. 5 confirmed the bearish bias.
Hence, the drop in OI over the past week suggests that short-leverage traders could be nearing the exit until a clearer opportunity arises.
MATIC View!!After a year of extensive community discussions, Polygon developers announced that the migration of its MATIC token to POL was live.
This change introduces POL as the new ticker symbol for the native gas and staking token on the Polygon PoS chain. Exchanges are expected to list the upgraded token.
The transition to POL is a crucial component of Polygon’s development into a ZK chain and its integration with AggLayer, which aims to consolidate liquidity and state across multiple chains. POL will maintain MATIC’s existing tokenomics and a supply of 10 billion tokens.
USOIL View!!The oil market looks undersupplied despite concerns over weak Chinese demand growth and prospects that Libyan oil production will soon be restored, according to UBS strategists. Based on falling oil inventories, strong demand growth in India and some European countries, as well as disappointing supply growth from some non-OPEC+ nations, market participants currently seem too pessimistic, the bank says. "While prices are likely to stay volatile in the near term, we retain a positive outlook and expect prices to recover from current levels over the coming months," the strategists say in a note to clients. UBS expects Brent crude to move back above $80 a barrel over the coming months. The international oil benchmark currently trades 0.5% lower at $73.35 a barrel, while WTI is down 0.6% to $69.92 a barrel.
US30 View!!Strong new order growth propelled India's service sector into the expansion zone for the 37th-straight month, S&P Global reported on Wednesday.
The seasonally adjusted India services purchasing managers index (PMI) posted at 60.9 in August, up from 60.3 in July and rising further above the 50-marker that separates growth from expansion, reported S&P Global, citing its monthly survey.
The service-sector expansion in August "was largely fueled by an increase in new orders, particularly domestic orders," reported S&P Global.
Survey results indicated "Finance and insurance as the best-performing area of India's service economy regarding both output and new business," added S&P Global
CADJPY View!!In its monthly report for August released Thursday by the Cabinet Office, the government said the economy is “recovering at a moderate pace, although there are some areas where it is pausing.” Last month, it said the economy was “recovering at a moderate pace, although it appears to be pausing.”
In the April-June quarter, the economy posted a stronger-than-expected rebound after suffering its first contraction in two quarters in January-March, up a preliminary 0.8% on quarter, or an annualized 3.1%, as consumption and business investment picked up after having been hit by suspended output at Toyota group factories over a safety test scandal, Cabinet Office data released this month showed.
GBPJPY View!!In its monthly report for August released Thursday by the Cabinet Office, the government said the economy is “recovering at a moderate pace, although there are some areas where it is pausing.” Last month, it said the economy was “recovering at a moderate pace, although it appears to be pausing.”
In the April-June quarter, the economy posted a stronger-than-expected rebound after suffering its first contraction in two quarters in January-March, up a preliminary 0.8% on quarter, or an annualized 3.1%, as consumption and business investment picked up after having been hit by suspended output at Toyota group factories over a safety test scandal, Cabinet Office data released this month showed.
XAGUSD VIEW!!Spot gold
GOLD
fell 0.8% to $2,473.50 per ounce as of 0928 GMT, having hit its lowest since Aug. 22. U.S. gold futures
GOLD
dipped 0.7% to $2,505.40.
"Gold is under some light pressure this morning in the face of equities’ weakness– this is normal as there may be some selling in case of equity-related margin calls," said StoneX analyst Rhona O'Connell.
"Other (precious metals) are down, partly in sympathy, but more likely in response to those dire numbers from the States yesterday."
XAUUSD View!!Gold held steady above $2,490 per ounce on Wednesday, after retreating in previous sessions, as investors assessed new economic data and its impact on the Federal Reserve’s interest rate outlook.
ISM data showed that US manufacturing activity fell more than expected in August, highlighting the sector's weakness and challenging the notion that the US economy remains resilient to higher borrowing costs.
Meanwhile, expectations for a dovish shift were tempered by a sharper-than-expected rise in prices for goods producers.
BAJAJ FINSERV 1HRINTRADAY TRADE FOR OPTION BUYERS..
- EARN WITH ME DAILY 10K-20K –
BAJAJ FINSERV Looking good for upside..
When it break level 1867 and sustain.. it will go upside...
BUY@ 1877
Target
1st 1898
2nd 1917
FNO
BAJAJFINSV SEP FUT – LOT 6 (Qty-3000)
BAJAJFINSV SEP 1820 CE – LOT 6 (Qty-3000) – PRICE (77.95)
Enjoy trading traders.. Keep add this STOCK in your watch list..
Big Investor are welcome..
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