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RAJSREESUG - Weekly Chart Analysis, CMP-81.80On the monthly timeframe the stock is possibly breaking out of the long term down trend. It is also breaking out in confluence with the resistance 69-76 levels. Volumes are also on the rise. On the weekly timeframe we see it sustaining above the down trend line and finally got a close above 76. Now 69-76 shall act as a support and weekly close with a follow through below it with good volumes shall invalidate our view. 91-103 will be the initial supply zone and we expect a consolidation around these levels and breakout of this levels will also confirm a start of an uptrend on the longer timeframe. If it sustains above the 103 levels for a few weeks we can expect 201-224 levels to be tested over the long term . Disclaimer: This is just a study and shared here for educational purpose. It is not a buy/sell recommendation in any way. If you intend to trade this counter then do your own due diligence and trade at your own risk.
NSE:RAJSREESUGLong
by marketmoneymohmaya
RELINFRA - Weekly Chart Analysis, CMP-277On a monthly timeframe (Image attached in the chart for reference) the stock is standing right below the resistance zone(281-352). The long term down trend line seems to be breaking this month. On the weekly chart stock is making a vcp kinda structure and break out of the last 14week base again on a good volumes. The stock is trading above all its key moving averages too. 238.45 shall now act as an initial support while 201-215 zone is the main support. On the upside the zone's upper level 352 can be tested in the near future. Which is still a 1:1RR. If it manages to close above and sustain above it then 474 also can be tested in the long term. Disclaimer: I am not a SEBI registered analyst. This is not a buy/sell recommendation. It is shared for educational purpose. If you intend to trade this counter then do your own due diligence and trade/invest on your risk.
NSE:RELINFRALong
by marketmoneymohmaya
BITCOIN LAST DOWNTREND CYCLEAs Per #Bitcoin 1-day chart analysis, it is CRYPTOCAP:BTC last cycle towards downtrends around $62k-63k approx. within next 4-5days and after that, #Bitcoin starts moving towards their Uptrend cycle of #BullRun, again in Zig-Zag mode of some little Ups-Downs as per #Elliott #ImpulsiveWave with from 5-7 August onwards upto Feb. 2025 and then its #CorrectionWave starts afterwards of #ElliottWaves pattern. So, take little bit of patience more and just be ready for a big ride of #CryptoMarket Bull-Run soon with #Altcoins market too. And, always Trade with #StopLoss and #DYOR before investing into any Crypto Assets. As well, Like Share and comments on chart analysis too...
Long
by AskToRahulSirohi
BankNifty Support and Resistance levelsBanknifty is in rising wedge formation as we look at current levels it is at low of the channel 52400 area acting as support in case of this support voliates invalidation of channel and below levels can be tested 52200,52000,51800. In case held at support area it will continue with pattern making prices to check higher levels with minor resistance at 52800 area and major hurdle at 53250 to 53400 area where one needs to be cautious look for rejecion or breakout. Please note that supports and targets mentioned can act as reversal check price action with price movements.
NSE:BANKNIFTY
by rakeshreddym
Lambodhara Textile Rounding Bottom BreakoutLambodhara Textile Ltd. Analysis About the company... Lambodhara Textiles Ltd was founded in 1994 with a capacity of 3,024 spindles. Over the years the company has grown in size and currently has a capacity of 37,856 spindles, with 33,224 spindles producing fancy yarns. The mill is fully modernized with state of art technology and infrastructure. They produce yarns in a count range from 10s to 60s. They specialize in manufacturing slub yarns, multi count and multi twist yarns, siro yarns and neppy yarns. They produce yarns using Polyester, Polyester variants, Viscose, Modal, Excel and Flax as raw materials. Technical Analysis Rounding Bottom Breakout & Retest done at 120 Addition of volume At very good and strong numbers Setup Cmp 159.3 Buy upto 140 For targets 180 / 200 / 230 / 255 / 275 / 300+++ CBSL can be 130 Regards.. Keshav Jain.. 25/11/2023 Disclaimer & Risk Warning I am not sebi registered analyst. My studies shared here are for educational purposes .. Do Consult Your Financial advisor Before Taking any Trade.....Good Luck! Sudden Spike in Volume...
NSE:LAMBODHARALong
by Harmonics4Life
Bitcoin in Lots of Problems - Stay ALERT!Non- Market factors affecting the BTC price US Govt has a holding of around 200,000 BTC worth $12 Billion. Yesterday (20-07-2024), they moved 29K btcs worth $2.02 Billion to another wallet and this was the major reason for this dip along with the highest resistance at around $70,000. There are speculations that the US govt. might sell these transfered BTCs just like Germany. This is a huge fear factor. On the other hand MT gox is also repaying its creditors, this is another bearish thing, because people will sell what they will receive. Chart Analysis On the chart you can see 4 circled areas, these are all bearish movements, near range MAs crossing down long range MAs - we have discussed these multiple times in the past, these are death crosses. At present, btc price is holding and consolidating at the support level 2. Under this we have small support zones - 1-> $65,990 - Fibonacci level 0.786- Helped us in the past. 2-> $65,520 - A past support zone 3-> $64,900- $65,000 -> A liquidity support zone. 4-> A major support zone between $63,200 - $64,000 (also backed by fib level 0.618 at $63,140) This level has supported the last fall that can when Mt gox made first payment and Germany sold their btc. This is the biggest support we have at the nearest point. Since last night, bears were in high power and it is easy to create bearish fall than creating a rise, we have discussed this many times as well. As of now, the support level 2 is holding the price, all the MAs are anti rise this time and will act as resistance. There are major chances we will go down and see the major support level at $64,000. Always keep in mind the Market Maker (MM) game. When traders go bullish, they shift the market to bearish mode to liquidate them and when traders are bearish, you would see a sudden rise. Traders are always fighting against the Market. So when you feel the market is going into blood, get ready to see a sudden spike. This might bring price up bypassing the MAs but will get rejected by the support level 1. Plan accordingly.
by imvijaygir
DOLATALGO - STOCK GAVE A BREAKOUT & THEN RETRACED TO MA Hi All, This idea is about Dolat Algotech Ltd On the weekly chart stock gave a healthy breakout & then retraced to nearest 10 SMA Moving average for few weeks. Now it is ready to move with a gap up weekly opening. Good volumes indicate that price action will continue to move upside Stock is trading at PE of 15 and is expected to give good results. Continuous uptrend in sales/profit About the company: Dolat Algotech Ltd is a trading cum clearing member of NSE India and carries on the business of securities broking and securities trading. Happy Investing, Thanks, Stock-n-Shine
NSE:DOLATALGOLong
by Stock-n-Shine
Bitcoin Needs More Bull Power to Cross $69,800I am sorry I could not publish charts for 2 days, however in my last update I had shared the zones to come. If you have read my last chart idea, you would knew what was going to happen. When I published my last chart we were at mark X, and I told you that there are chances BTC would move up and try to break the upper resistance and on failure it will retest the support at 1, that is exactly what happened. A tip : Always keep in mind, when you are trading, you are against the market of pros - The Market Makers. They are not normal traders, they have deep knowledge of the mindset of a normal trader. So when market gains too much green, in market language it is called Trader greed, and when market is too much red, its Trader fear. So when there is too much green they will drop the asset price and will earn from it, and when the traders are in red (shorting an asset), they will pump the price to liquidate people. You would have seen multiple times. Since I started writing charts, I am always awaring you of zones where this can happen. Let's talk about the current situation. At this moment MA20 is holding the price, however this is not the strongest of all MAs. There is a chance that we fall from this zone, and btc try to retest the lastest zone (the light orange zone with red border). The last time this zone was tested it failed, meaning this is not a solid support and hence the responsibility to hold btc price fall goes to MA50. There are very light chances this particular zone has become a good zone, but data does not show enough power here. As we know, the area of $69,800 is an old ATH of btc, and hence it has a high resistance. It will take atleast 5 attempts in normal cases or multiple hits with a good volume to cross it. Or if super charged bulls enter the market, this can be crossed within a day. I have told you before multiple times, it is easy to go red and very very difficult to go green. You can understand it like gravity, its easy to drop a thing than to make it fly. The MACD as of now shows that Bulls have reduced power and Bears are slowly gaining the control. There are huge chances we might retest the support level 1 with MA 100 hovering over it. When even market is green, MMs will dump it and when market is red and every one starts to short, MMs will do a sudden pump. Stay ALert!
Long
by imvijaygir
Pennar Industries Ltd. ( potential to break ATH) Sector: Iron & Steel WTF as we can see MTF & DTF structure bullish and price makes HH & HL pattern and now price in DAILY demand zone with RSI bullish divergence and bollinger band lower band support. LTF say 1H mitigation in DTF demand zone with RSI bullish divergence and bollinger band lower band support. on DAILY TF RSI N BOLLINGER BAND also support the IDEA... counter trendline may react as a resistance once it broke it will b rocket... if PA breaks its support 162 @ daily closing basis then next accumulation zone 142-120... price may face resistance at 182 as DAILY supply zone, so plan your trade accordingly... Who's gonna trade with me for this trade IDEA let me know.....
NSE:PENINDLong
by RISINGSTONE
Bitcoin: ATH soon?BINANCE:BTCUSD Bitcoin is currently consolidating within a bull flag formation, suggesting a potential target of 100K by the end of this year or the beginning of next year. However, if the bull flag is invalidated, Bitcoin could move into the 30-40K range. The stock market appears to be peaking, and there is a possibility that funds will flow from stocks to crypto soon. Disclaimer This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency markets are highly volatile and unpredictable. Always do your own research and consult with a qualified financial advisor before making any investment decisions. The author is not responsible for any losses or gains resulting from the use of this information.
BINANCE:BTCUSD
by dCryptoMartian
1
BTC looks Ready to get a raise towards $68,000With all the obstacles crossed, it looks like BTC is now ready to move towards $68,000 resistance. We have seen btc moving up taking the necessary correction with every step. For this final step under zone 1, btc has almost done taking the correction and soon will start to penetrate this level to move up now. It has already tried doing that multiple times in the last few hours and failed. It will not be called a fail because these hits help in losening the resistance. Now it should be able to cross the zone 1 and reclaim the support above it. take some time off there before started the next journey which we will cover in the our morning session. In case, btc moves up we should keep in mind that there is a heavy resistance at $68,700 zone, a past ath zone. So this can and should work as a heavy resistance, pushing the price back to retest the upper level of Zone 1. or if btc kept moving with the same pattern of making steps, it should create such a mini support between the zone 1 and the resistance $68,700. There seems no chances of BTC retracting back under zone 1 as the market sentiment looks bullish and most of the liquidity is around zone 1 for as of now. So even if BTC fails to rise up, it should not fall from current level. One very important thing, that I almost forgot to cover, the MAs. We have seen multiple golden crossovers, I have covered in my past chart. One cross over that we are waiting is 100 MA crossing over 200 MA, and this will bring all the MAs in the perfect order they should be. The order from top to down should be 20,50,100,200. This shows the price is in perfect health and good to move up.
Long
by imvijaygir
Major Bullish Move Ahead for TAOUSDT? Don't Miss This! Yello, Paradisers! Are you ready for a potential breakout that could skyrocket TAOUSDT? Let's dive into the details and see why this could be a game-changer. 📈 💎TAOUSDT has shown a Change of Character (CHoCH) towards a bullish market structure and has formed an inverse head and shoulders pattern, significantly increasing the probability of a bullish move. 💎For confirmation, we need a breakout and candle closing above the resistance zone. This will signal a strong bullish move. 💎In the case of a pullback, we can expect a potential double bottom pattern from the support zone. To increase the probability in our favor, it is better to wait for the I-CHoCH towards the bullish market structure in the lower timeframes. 💎If the price breaks down and closes a candle below the support zone, it will invalidate our whole idea. Stay focused, patient, and disciplined, Paradisers. This is the only way you will make it far in your crypto trading journey. Be a PRO💰 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
XAUUSD IDEATechnically, if we pay attention to the D1 chart, gold is testing a conglomeration of strong support: False break of MA-200 + trendline support, as well as bounce from 2350-2355 support level, which means the approximate area of intermediate bottom of the ranyke and forms a global range of 2485 - 2350. But, the fight for 2350 is not over yet. Resistance levels: 2377, 2392 Support levels: 2370, 2350,2342 Let me remind you that news is unpredictable. Favorable data will influence the possible bull run, but unpredictable ones may provoke sales and price decline to 2350. But, at the moment of analysis, technical and fundamental nuances point to a bull market, there is a chance of growth to 2400-2430.
FXOPEN:XAUUSD
by FOREXRSMV
Nifty - Market Sentiment Cycle on Actual ChartThere are 14 stages of market sentiment cycle, the 2 stages which are the most interesting and which every seasoned trader tries to identify are Euphoria and Despondency / Depression. Euphoria stage - This is the point of maximum financial risk Despondency / Depression - Point of maximum financial opportunity Have tried to plot the best estimate to understand where are we currently in the market sentiment cycle. Markets are completely unpredictable and the shared chart is only for an understanding to try and plot the sentiment cycle in real-world scenario
NSE:NIFTYEducation
by Imran_I_Ahmed
5