Share India: Flag Pole Breakout Retest- Best above 1700 They say "Buy when there is blood on the streets."
Most of the Brokerage company stocks have taken a beat.
This makes Share India securities and Angel one a value buy.
The intrinsic value of this stock is double to its current price of Rs 1545.
The stock formed flag and Pole pattern on monthly chart and it has retested from 2043 to 1545 on weekly closing basis.
One should invest such valuable companies when no one pays heed to this sector.
Buying Range : 1300 - 1500
Risk : current below all the EMA's, however one can enter small at current price, and average up in this journey. Risky traders can buy now. However best range is to buy above 1700.
Short term targets : 2000/3000 and Open Sky after that.
Strict Stop Loss : 1350
Disclaimer : Educational Content. Please do your own research.
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Bitcoin 5-day double Fibonacci blueprintBitcoin 5-day double Fibonacci blueprint, the main short-term target price is at the green and white Fibonacci price levels below, and the main long-term target is at the green and white Fibonacci price levels above. Both rises and falls are in this chart. Instead of looking at a single direction, the green and white line prices are used according to different market conditions.Bitcoin 5-day double Fibonacci blueprint, the main short-term target price is at the green and white Fibonacci price levels below, and the main long-term target is at the green and white Fibonacci price levels above. Both rises and falls are in this chart. Instead of looking at a single direction, the green and white line prices are used according to different market conditions.
XAUUSD on June 6, 2024, the uptrend officially begins?
Yesterday Israel attacked Hamas, causing gold prices to increase sharply last night despite the ISM PMI index being greater than 50.
Looking at H1, the news of Israel attacking Hamas has caused the price of Gold to rise through tradingrank for more than a week now.
- Price surpasses 2464 and confirms wave 5 has ended at our target area of 2317.
- From the chart we see that wave 5 is an Ending Diagonal Triangle (ED) wave. This wave usually appears at the end of the trend. When this wave ends, a new trend will open
- So we hope the next price target is 2397
- Looking at the H4 momentum indicator, we see that this indicator is in the overbought zone and is about to reverse. Looking at the H1 momentum indicator, we see that this indicator is entering the overbought zone. So in the immediate future, we expect a correction to confirm wave 1 and wave 2.
- We have 2 temporary target areas measured on the H1 chart measured from existing data. We continue to observe to wait for this confirmation adjustment to complete.
In our plan, we pay attention to the 2397 zone. If the price reaches this zone, there may be a big correction that we can take advantage of to sell down.
Adjustment areas 2464 and 2354 may be the price will retest these areas and we can proceed to buy up.
Deekop's analysis is free from any personal bias intended to serve everyone. I can't always be right - no one can. But my analyzes reflect Deekop's meticulous assessment of the market situation in the medium and long term and nothing more to help people have the best trading plan.
Amber looking good for long positionsThere is Cup and handle pattern in Weekly and head and shoulder pattern in daily time frame(not a perfect patterns but can be consider ), looking good for long and one can enter above 4020 levels (should sustain above 4K level) with stoploss at around 3366 levels for the targets of 4600 then 5400 later further 5400 levels if trend continue.
-- This analysis is only for education purpose, please do your own analysis before trading or investing in a stock so you have have conviction to stay with the trade till you achieve your targets. do not invest more than 5 to 10% of your capital in a single stock.
BITCOIN BTC on CUP & Handle Pattern | Target 1,21,00 $As per Technical analysis on weekly timeframe on BTC. I think BTC might go in an upward direction CUP & Handle pattern formation found.
Now, BTC at 70000$
Also, Check my previous BTC target at $70,000
Keep Using SL and always remember below points
Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.
Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
Ethereum ETH weekly large head and shoulders pattern channelEthereum ETH weekly large head and shoulders pattern channel, head and shoulders pattern white line: June 2021 is the left shoulder, June 2022 is the head and shoulders, and the right shoulder is expected to appear in 2024. It can be formed by falling back and stepping back to the price near June 2021. Pink channel line: It is the top price resistance line above the long line and also the short-term support line. The green channel line is the bottom price of the decline. There are three color lines. If any color line fails, the other two lines will be valid. It mainly depends on the direction of the white line, and the pink and green channels are auxiliary.
CRUDE OIL ( 8-10% UPSIDE POTENTIAL)
WTF as we can see HTF structure bullish and price makes HH & HL pattern and face resistance from HTF counter trendline 7150-7200 around....
DAILY TF consolidation in HTF demand zone
LTF structure turns bullish n start making HL & HH....
on DAILY TF RSI N BOLLINGER BAND also support the IDEA...
price may face resistance at 6550-6580 LTF supply zone,6750-6850 daily supply , 6950-7000 HTF supply zone....
so plan your trade accordingly...
Activate to view larger image,
Bitcoin BTC large head and shoulders pattern channelBitcoin BTC large head and shoulders pattern channel, head and shoulders pattern white line: June 2021 is the left shoulder, November 2022 is the head and shoulders, and the left shoulder is expected to appear in 2024. It can be formed by falling back and stepping back to the price near June 2021. Pink channel line: It is the top price resistance line above the long line and also the short-term support line. The green channel line is the bottom price of the decline. There are three color lines. If any color line fails, the other two lines will be valid. It mainly depends on the direction of the white line, and the pink and green channels are auxiliary.
BNB : Bullrun expansion soonBNB is consolidating inside a bullish ascending triangle pattern and a successful breakout will cause a parabolic move in the price of BNB
CG POWER is again RockingThere is a one more stock Which is showing a great opportunity again, stock is near resistance and ready to blast already moved a little today in 4 hour TF. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
Nifty What Next 23000 ?Hi friends mates and Trading community so here i am sharing my new trading idea on Nifty, As we all know that on the last trading session that index made new all time high although it was very marginal with the difference of only two points up from previous all time high and luckily i got my target for previous shared idea but yes we got a new all time on board finally, and i must say in this rally we saw the participation of some economy facing companies and constituents of this index like Reliance industries, state bank of India, Bharat petroleum and Infosys mainly they all made their 52 weeks high too and the major stake holder of index is Hdfc bank looks also stable somehow so i feel that we can see 23000 levels in coming sessions but as we know that feelings are having no price in this Merciless market so i prepared a chart for my trading executions in it sharing key levels below mates.
So let's quickly talk about my trading idea friends-:
Trade One-: So as we got a clear rejections from 22125 levels finally as a strong resistance we can see 23000 (psychological digit) and 23133 after mentioned resistance break and close above, Target marked by the distance between swing high (previous all time high) and swing low after that high.
Trade Two-: So 21800 (support) could be a key level on which i focused mainly in previous idea as a resistance and in this idea after breaching that resistance made new all time high and after retested that resistance as a support this time so if this support will break we can see 21500 and 21200 as a target for this trade idea.
Above mentioned trade ideas will be applicable on daily candle above or below closure, Rest if i will find anything important about this publication will update accordingly.
This publication is meant for only learning purpose, it is not any kind of trading advice.
Best Regards- Amit
"In the long run, we are all dead" (John Maynard Keynes)
Linear Vs Logarithmic Chart. Which one to use ?NSE:ADANIENT
Hello, Traders! 👋
I hope you’re all having a fantastic weekend! 🌟 Whether you’re sipping coffee, analyzing charts, or just enjoying some downtime, let’s make it even more productive. 📈💡
In today’s educational post, we’ll explore a concept that might have slipped under your radar or left you slightly puzzled. No worries—I’m here to shed light on it!
Understanding Linear vs. Logarithmic Charts
🔹When it comes to visualizing data, two chart types stand out: linear charts and logarithmic charts. These seemingly simple charts can reveal powerful insights about trends, growth rates, and relative changes. Buckle up—we’re about to explore their differences and use cases! 📊🚀
What is a Linear chart?
🔹The Price plotted on a graph which we call charts, the price on the Y-axis shown will be consistent and uniformly scaled, which shows more significance to recent price action over old price action.
🔹Linear charts are great for showing absolute changes when each price has similar increments.
🔹Linear charts are easy to understand and you are already using them.
What is Logarithmic Chart (Log Scale):
🔹A logarithmic chart, or log scale, depicts percentage changes, giving a more accurate view of relative movements.
🔹Logarithmic charts are especially useful when analyzing Long-term price data. They can show proportional relationships and percentage changes more effectively.
🔹As time goes by, the difference between linear and logarithmic charts becomes more pronounced. Log scales are often preferred for their accuracy.
On this difference table, you can easily understand the uses and benefits of logarthmic charts.
How to switch to a logarithmic chart?
Just right right-click on the Price scale on the Tradingview chart and you will find log chart.
or you can just hover your cursor at the bottom of the price scale you will see A and L (A - means arithmetic and L- Logarithmic).
Note:- On short-term or recent price action these charts will not make any big difference but surely they impact longer-term data.
Feel free to explore both chart types and choose the one that suits your analysis best! 📊🔍
If you’d like more examples or have other questions, just ask—I’m here to help! 😊🚀
Keep Learning,
Happy Trading.
Ethereum Daily FibonacciEthereum daily Fibonacci, the main target is a decline and correction to the price of 0.618~0.5, it is only a matter of time before it reaches that level.
TESLA : Bullish - Butterfly-Wolfe Wave-Head Shoulders inverseTESLA : Bullish - Butterfly-Wolfe Wave-Head Shoulders inverse
A butterly was detected since several weeks
We have also a Head shoulders inverse
and a Wolf Wave Bullish
then the market can reach 207 and the 233 $
To monitor the EMA.50 and EMA.200 and ICHIMOKU "kijun"
NB : Divergences ROC and RSI , bullish
XAUUSD on May 30, 2024, the rally is about to beginWith the wave 5 targets projected on the chart, we have 2 target zones: zone 1 is 2322.7 and target zone 2 is 2311.5.
Today will release news on unemployment claims, preliminary GDP, and pending home sales, with forecasts worse than last period, if tonight's actual index reflects correctly. This seems to signal that the US economy is being affected by monetary policy due to maintaining current high interest rates.
Tomorrow is an important day to announce the PCI index (Index of price changes and consumer goods purchased by consumers excluding food and energy). If this index cools down, it could influence the Fed to loosen current monetary policy.
Looking back over recent times, we see that the CPI inflation index has begun to show signs of decreasing, combined with economic pressure that may cause the Fed to decide to loosen its monetary policy, especially tomorrow if PCI index cooled down.
Looking at H1, we see that the price has completed wave 4 and is continuing to complete wave 5.
- We see that the current price has broken below the supply and demand balance zone as shown on the chart
- With the wave 5 targets projected on the chart, we have 2 target zones: zone 1 is 2322.7 and target zone 2 is 2311.5.
- We wait for the price to reach the 2322.7 or 2311.5 areas to find reversal signals to decide to buy.
#ETH/BTC Falling Wedge: Ready for a Bullish Breakout#ETH/BTC Analysis: Major Support Trendline and Falling Wedge Breakout
The 3ETH/BTC trading pair has been in a downtrend for the past 28 months, consistently forming lower highs and lower lows. However, recent price action indicates a potential reversal pattern that could signal the end of this prolonged bearish phase. Ethereum is currently taking support from a significant trendline and has formed a falling wedge, a bullish reversal pattern. Traders and investors are now eagerly awaiting a breakout, which could pave the way for Ethereum to reach new all-time highs, potentially hitting the $15,000 mark against Bitcoin.
**Major Support Trendline:**
Over the past 28 months, ETH/BTC has been respecting a major support trendline. This trendline has acted as a critical support level, preventing further declines on multiple occasions. Recently, Ethereum has once again found support at this trendline, indicating a strong base and potential for a reversal.
**Falling Wedge Pattern:**
A falling wedge is typically considered a bullish reversal pattern that forms after a downtrend. It is characterized by converging trendlines that slope downwards, with the upper trendline having a steeper slope than the lower one. In the case of ETH/BTC, the falling wedge pattern has been forming over several months, signaling that the downtrend might be losing momentum.
**Breakout Confirmation:**
For the falling wedge pattern to be validated, ETH/BTC needs to break above the upper trendline of the wedge. A confirmed breakout would typically be accompanied by increased trading volume, indicating strong buying interest. Once this breakout is confirmed, it would suggest that the bearish trend has ended, and a new bullish phase is beginning.
**Price Target:**
The breakout from the falling wedge pattern could lead to significant upward momentum for ETH/BTC. Based on technical analysis and historical price movements, Ethereum could reach new all-time highs, potentially climbing to the $15,000 level against Bitcoin. This price target is derived from measuring the height of the wedge at its widest point and projecting it upwards from the breakout level.
**Conclusion:**
The #ETH/BTC pair has been in a downtrend for the past 28 months, but recent price action indicates that a reversal might be on the horizon. Ethereum is taking support from a major trendline and has formed a falling wedge pattern, both of which are bullish signals. Traders and investors should keep a close eye on the price action for a confirmed breakout above the upper trendline of the wedge. If this breakout occurs, it could propel ETH/BTC to new all-time highs, potentially reaching the $15,000 mark. This presents a compelling opportunity for those looking to capitalize on Ethereum's next major bullish run.
Bitcoin's Last downtrend Coming Soon...#Bitcoin at Daily Chart Analysis
CRYPTOCAP:BTC market is still in volatility mode, and has made its lower-high, but it is currently finished their last uptrend cycle with some major ups & downs and finished at $71.8k approx..!
After that, its last down cycle is start to running, which will at least retest the previous level of $56k-$58k here or it can also break-out and will go to $55k to GETTEX:52K for the last timer lower-low. within next 12-15 days, it means you will be easily say that the next Downtrend upto $55k-$60k approx..!
After that, Bitcoin's #BullRun cycle will start completely in Uptrend mode from mid of July onwards, which will be starts on #Elliott Impulsive Wave Cycle for the next 6-8 months..!
Rest, do your research and invest and trade by using #DYOR & #StopLoss
and,
Comment, Like, Share, Follow on Posts..
Bitcoin Fibonacci DailyBitcoin Fibonacci daily line, the target pullback is 0.618~0.5, and it is only a matter of time to reach the target price.
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lu.ma
AERO Price Alert: Cup and Handle Dynamics at Play!💎 Paradisers, #AEROUSDT has formed a cup and handle pattern, which increases the probability of a bullish move.
💎 If #AERO breaks the resistance area, we can expect a bullish move. This area might also coincide with the stop loss points of retail sellers, as inferred from the price action and where sellers are likely to have entered. This increases the likelihood that triggering these stop losses could further propel the price upward in the coming days.
💎 In the case of a pullback, we can expect a bounce from the demand level, though the probability of a bounce here is less than that of a bullish move following the breakout of resistance.
💎 However, if the price breaks below the demand level, it will invalidate our bullish outlook. In that case, it would be better to wait for more favorable price action to develop.
MyCryptoParadise
iFeel the success🌴
TORRENT PHARMA: VERGE OF BREAKOUTNIFTY PHARMA SECTOR IS consolidating in range in the upper price level. the index is also trading above all important moving average. index is awaiting big breakout.
it spent lots of time in this range, so we can see long bullish momentum after the breakout.
TORRENT PHARMA is forming Darvas box above 20/50/100 EMA.
Wait for closing above 1460, It may move up to 1550 In Short Duration.
Strictly Follow the STOPLOSS Below The DARVAS BOX.
RSI also Shows STRENGTH.
THE only concern in the market is the result of Lok sabha election.
DISCLAIMER: i am not a SEBI registered. i am not responsible for your profit and losses. this idea is only for educational purposes.
XAUUSD May 28, 2024 How will gold inflation cool down?We can observe the expected target areas above to find reversal signals to enter a sell order.
With recent signs of cooling inflation and the fact that the US economy in particular has been directly impacted by high interest rates, the employment rate has decreased. These things will make the Fed's statements no longer resolute in maintaining high interest rates.
In addition, the European central bank ECB also announced data to support the interest rate cut in June.
Signals show that gold will continue to be supported in the near future to continue its upward price trend.
Looking at H1, we see that wave 4 is about to complete. With the price data from the morning of the previous day, we measured the price target at the 2351-2355 range, but now that we have new price data, we have more information. The 2 new target areas are area 2362.5 and area 2371
- Plus the momentum in the H4 frame is still in the overbought zone, this shows that the upward price momentum is showing signs of weakening, besides the H1 momentum is increasing and is also about to approach the oversold zone. reinforces the goals of wave 4
- We can observe the expected target areas above to find reversal signals to enter a sell order.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Jubilant Foodworks Ltd. ( 15% upside potential)
Sector: Consumer Food
Weekly chart shows HH & HL pattern formation and now price in HTF demand zone..
DAILY chart shows accumulation in HTF demand zone....
