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BTC inverted cup and handle in 5min timeframeAs I've just seen this I thought to share with you guys. Inverted cup and handle also form at lower time frame. While doing btc live trading I've already seen big time frame inverted cup and handle if this coincides with smaller time frame and give breakdown as planned then there is a good opportunity for sellers to move its price further down. Also buyers try to book their profits. So this gives more probablity trade setup. And with good risk to reward and money management one can become a profitable trader. Its not buy sell advice just my personal view. Can you share your views.
BINANCE:BTCUSDShort
by ravi229
Suzlon.. currently in Falling Wedge. Looking at this chart of Suzlon Energy Ltd. on NSE, here are some key observations: 1. **Falling Wedge Pattern**: - The recent price action shows a falling wedge, a pattern characterized by converging trendlines sloping downwards. This often suggests a potential bullish reversal if the price breaks out above the upper trendline. 2. **Uptrend Channel**: - The price is still within a broader upward trend channel, indicating the overall bullish trend is intact despite the recent correction. The current price is approaching the lower boundary of this channel, which could act as a support zone. 3. **Volume Analysis**: - Volume seems to have decreased during the recent downtrend. A breakout from the falling wedge with increasing volume could further confirm bullish momentum. 4. **Relative Strength Index (RSI)**: - The RSI is showing a bullish divergence; while the price is making lower lows, the RSI is making higher lows. This divergence is often a precursor to a potential price reversal. 5. **Support Levels**: - The price is near the lower trendline of both the falling wedge and the broader upward channel, around the INR 62–65 range, which could serve as a strong support zone. 6. **Potential Trade Setup**: - A breakout above the wedge with strong volume could provide a good entry point for a bullish trade. Alternatively, if it fails to break out, monitoring the lower boundary of the channel as support would be essential. In summary, the chart shows signs of a potential reversal if it breaks out of the falling wedge. Watching for a breakout with volume confirmation and monitoring the RSI divergence will be crucial for validating the bullish case.
NSE:SUZLONLong
by brijmohan_h
CANARA BANK#CANBK Canara Bank is showing strong potential,especially with the PSU Banking Index nearing a breakout on the upside. A break above this trendline could signal a prime opportunity to add Canara Bank to your portfolio. Investors and positional traders may consider entering at the current levels, as the PSU banking sector has been in a correction phase for nearly a year and now appears ready for a rally. This setup makes Canara Bank an attractive choice for those seeking to benefit from the anticipated upside in the PSU banking stocks.
NSE:CANBKLong
by EmpireCrown
Stock in DEmand Zone: Philips Carbon Black PCBLPCBL is down from the 52-week high of 583 levels by NEARLY 30%. 20 EMA(black line) has just fallen behind 50 EMA (orange line). The stock has turned bearish. Currently, it is trading near 410 levels. If the current level is retained strongly in the weekly closing, we can expect some consolidation followed by a breakout. Support levels: 407, 379, 344 Resistance levels: 459, 502, 584 Pros: The company is expected to give a good quarter. The company has been maintaining a healthy dividend payout of 44.5%.
NSE:PCBL
by shanmurali