Buysetup
BUY LONG GBPUSDLong position of GBPUSD as its at important support level and there is a rsi divergence and there is low volume in market near this support level also market has previous rejected this level and Fibonacci golden level and now market has again reached this level meaning a reversal in GBPUSD.
COALINDIA Trade Analysis for Buy using Wyckoff method.Wyckoff Story
Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH.
Down wave Analysis
We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias.
Volume Analysis
In Phase B we see increase in supply but the price is not able to go below the trading range, lot of effort to push the price down but fails, indicating effort vs result is not synced. Confirming the accumulation bias.
We have supply decrease from Phase A to Phase C indicating supply is being absorbed.
Sign of Strength
we have Major sign of strength in phase D with good demand volume indicating institutions are present in buying.
Final View
Bullish on stock with entry marked on the chart
XRP : No confidence in the coin : Its about our powerful setup So such a shame with all those promises this coin remained being a bad investment for many.
XRP ARMY
Catch this one if you can
It might just cover up some time when you guys didn't make any profits
THIS ONE IS 3.69X trade as it looks like
Level Wise
Buy @ 0.51
TP @ 1.76/1.87
TP1 @ 1.369
SL @ 0.09
Alembic Ltd Weekly Analysis for Long duration NSE:ALEMBICLTD Weekly Analysis for long period
Trendline Breakout and sustained above strong support with LH LH structure
Buy Above 77 only of it sustained and give clear breakout with SL of 65 Strong Support as it was strong resistance since the beginning of its launch (1999).
T1 85
T2 98
T3 115
BAJFINANCE Set to Outperform Index Nifty 50 Attached: BAJFINANCE/ NIFTY 50 Daily Chart as of 18th May 2023
A Double Bottom/ Inverted Head & Shoulder Pattern Breakout is Clear in this Chart
Price is also moving in a Channelized/ Impulsive Manner
And so it is Set the Measured Move Target indicated by the Up Arrow
Similarly, on the Price Chart of Bajaj Finance, Price can head to 7400 as that is the Pattern Target for the same. It is an OUTPERFORMANCE/ BULLISH Setup!
PGHH Breakout BUY!Attached: PGHH Daily Chart as of 23rd June 2023
Pharma Sector is showing Strength while the Broad Market goes Cold witnessing Profit Booking
And so this is one Pharma MNC Stock with a Buy Setup
- Price has given a Breakout Buy Signal on Friday
- Either Wave 3 or Wave C Upside at play
- Stop Loss can be put at Low of the Day or < 13950
2 Upside Targets for this Move are:
T1= 14600
T2= 14930
Can extend to 1.618/ 1.75 Fib level as marked in the chart
UTIAMC Cup & Handle Breakout BUY!Attached: UTIAMC Daily Live Chart as of 30th June 2023
- Today All AMC Stocks have seen a Massive Upsurge and it appears there are Tailwinds for this Sector hence Strength within these Stocks
- Price has given a Classic Cup and Handle Breakout today on the back of Strong Price Volume Action
One can buy at Current Market Price
For a Target of ~ 900
And Stop Loss < Day Low
MFSL Breakout BUY!MFSL LONG SETUP
Attached: Daily Chart as of 21st June 2023
- Price has activated an Inverted Head & Shoulders/ Cup & Handle/ Bull Flag Breakout today on the back of High Volumes (Price Volume Pattern BO)
- Laggard from Insurance is finally joining in the Sectoral Rally (Sector Tailwinds)
- The previous Dip halted at 0.382, ABC corrective (Wave 3 or Wave C upside pending)
- Daily RSI crossed above 70 today
- Daily MACD gave a Buy Signal today
Upside Target= 785/ 807🎯📈
Stop Loss= Today's Low (< 710)
BANKBARODA Long SetupAttached: Daily Chart as of 16th June 2023
Holding above 182, a Target of ~ 200 is pending🎯📈
Rationale behind this Setup:
- Observe Multiple Volatility Contractions as Price is forming a VCP
- Strength on any Dip as it gets bought
- Higher Highs and Higher Lows are intact
- Price trading near 52 week high zone
- PSU Banks are doing better than Private Banks so the money flow is shifting
PAYTM Breakout Buy Signal!Attached: NSE:PAYTM Daily Chart as of 5th May 2023
Everybody is talking about ONDC on Twitter and how it is disrupting Zomato and Swiggy. Apparently you can use ONDC via PAYTM to order food online
(Note: Open Network for Digital Commerce (ONDC) is an initiative aiming at promoting open networks for all aspects of exchange of goods and services over digital or electronic networks)
And the Stock Chart of PAYTM also shows Investor Interest/ Buying Activity
Price gave a Breakout Buy Signal on Friday 5th May supported by Volume Activity on the back of this ONDC Disruption News
INDHOTEL- 5th Wave Candidate heading for 360+++Attached: INDHOTEL Daily Live Market Chart as of 26th April 2023
An Ending Diagonal in Wave 4 marked as ABCDE and then Price has been moving Up since then, close to its All Time High
Look at Peer Hotel Stocks, they are also making New 52 Week Highs and Breaking Out so Indian Hotels too should follow the Hotel Sector in its journey up
Upside Target:
north of 360
and then take Reverse Fib Level of 4th Wave:
1.272
1.382
1.5
1.618
PI Industries- Squeeze BUY!Attached: PIIND Daily Chart as of 21st April 2023
Price has given a Squeeze Release Buy Signal
+ an Inverted Head & Shoulder Breakout Buy Signal as well
Markings on Chart are SELF EXPLANATORY ^
Levels:
Buy at Current Market Price ~ 3189
Stop Loss < 3112
Upside Target= 3400
Crude Oil- BULLISH CONTINUATION!Attached: Crude Oil Daily Live Market Chart
On Sunday 2nd April 2023, Saudi Arabia and other OPEC+ oil producers announced further oil output cuts of around 1.16 million barrels per day.
Top OPEC producer Saudi Arabia said it would cut output by 500,000 bpd.
And due to this Surprise Output Cut, the Next Day itself Oil Prices Gapped Up and Closed Up 6.16% (+ 4.66 dollars)
Following that Prices have consolidated for 4 days giving Inside Bars, holding the Gap Zone
Today, Price is finally some some Buying Action
It appears that the Gap Up is a Breakaway Gap and now Oil Prices are ready to Break Out of the 4 day Consolidation
Looking at Moving Averages:
20 EMA has crossed above 50 EMA giving a Buy Signal
Price is consolidating right below 200 EMA and once its Breaks above it, Price is to Accelerate on the Upside
LEVELS:
Current Market Price= $ 81.40
Upside Target:
$ 92 to $ 100
Stop Loss:
below $ 79
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GDX- Cup & Handle BREAKOUT BUY!Attached: GDX Daily Chart as of 7th April 2023
Price has given a Classic Cup & Handle Breakout Buy Signal on the Charts
What do Technical Indicators say on the Daily Chart?
- RSI is in overbought zone ( > 70) and confirming a Bullish Regime✅
- MACD is trending up and in buy mode, confirming Momentum✅
- DMI is in buy mode and ADX is above 25, confirming a Strong Up Trend✅
Going by Pure Price Action too and especially if you go on the Weekly Chart, you can see last Week put in a Clear Bull Power Candle which is our Breakout Candle
The Green Trend Line serves as the Neckline for the Cup & Handle Pattern
Trade Plan as follows:
Current Market Price= 34.43
Upside Target🎯= 40 to 42 zone
Stop Loss⚠️ can be < 32
This is our Swing/ Positional Trade Call
...............................................
Note:
Not only is GDX Bullish for the IMMEDIATE Short Term (Daily Time Frame as I have put out in this Idea), but it is also Bullish on the Higher Time Frames like the Monthly and the Weekly as well, so there is a Multi Time Frame Alignment too✅
Lastly, Refer to my Related Ideas to see my GDX Analysis on the Monthly Time Frame to get my Long Term View for an INVESTMENT CALL👍
ZEEL Buy SetupZEEL Buy Setup
Attached: Daily Price Chart as of 29th March 2023
- Price has put in a 5 Wave Rise and also done a 0.382 Fib Retracement post that
- On Wednesday on the back of the Zee Indusind Bank News piece, Buyers stepped in
- A 3rd Wave appears to be playing out now on the Upside📈
Current Market Price= 216
Upside Targets🎯:
T1= 227
T2= 239
T3= 248
T4= 260
Stop Loss < 20 Day SMA
ICICI Bank BUY for a pullbackin.tradingview.com
Nifty, Banknifty seems to be done on its downside for a while now, Banknifty has shown strength today lead by ICICI Bank. This strength can continue tomorrow and hence a BUY trade can be taken on ICICI bank for a small pullback. Do not forget the overall texture of markets, overall it is sell on rise now, so book small profits.