Dailychart
KABRAEXTRU | Ascending triangle | 25-30% upside potentialCMP -229
SL -198
Target -280
- Ascending triangle breakout
- Trendline and 50EMA confluence on D
- Above all EMA's on D and W
- Beautiful price action as price made a pause at resistance before making forward move
- Resistance was broken with great VOL, shows strong conviction of traders at the price point
- Good financial strength, increasing profits, low debt, good dividends
Sequent Scientific | DailyLets Zoom-in to our Weekly chart shared previously and see what's happening in Sequent Scientific.
As mentioned in our previous weekly view, a weekly close below 214 level may result in trend reversal (Downtrend) for this stock.
Now, what can we see on Daily chart?
1)Today's close took support around 214-215 zone.
2)Bullish RSI divergence can be seen. Where Price making LL & RSI making HH.
3)RSI on weekly support (Check on weekly chart).
5)Upside gap yet to be filled.
Indications are at positive side but at the same time maintain cautiousness around 214 zone.
Lets see how things unfolds!!
SIMPLE AND EFFECTIVE TRADE SETUP ON VARUN BEVERAGESFew pointers about my analysis of VARUN BEVERAGES :
1.The stock has been in a continuous uptrend with lots of bullish continuation patterns ,which is good for healthy upward trend, higher the no. of valid patterns better it is.
2.The stock just broke out of an ascending triangle pattern , which is again is a continuation pattern.
3.Volume spurt : breakout supported by decent volumes, supporting bullishness.
4.RSI breakout on daily chart and trading above 60.
Short term view : Bullish
Timeframe used : Daily
Target : Use trailing SL or 50day MA
Take away: entry has not yet been triggered , ideally one should wait for retest to enter.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
must needed correction in Bitcoin to further continues it reallyTechnical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Let’s be honest, after such a huge upswing (+50%) $BTC needs at least a small correction as well as RSI did not retested it breakout downtrend, so RSI is also
need to be retest it breakout trendline.
Yesterday we faced the major resistance at $40,500 and couldn’t break it. Today we also got rejected there. This can be the short-term top!
I don’t expect the upcoming correction to go below $35K
The bearish picture invalidates if we do break above $43K
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MAHINDRA & MAHINDRA, TRIANGLE PATTERN CAN GIVE BREAKOUT.MAHINDRA & MAHINDRA is forming a Triangle Pattern. After a good up move it can be corrective wave, and it is constantly taking Support at previous Resistance. There are some more reasons that probably it can give breakout, but, I am not mentioning them, check on smaller time frames as well, and take trade only after your system or rules give confirmation. And don't take it as a call, and Try to Learn Something.
Bitcoin is not looking good, more downside action still to comeTechnical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Bitcoin was breakout the Falling Wedge2 and Falling Wedge1 and retested done & Above the Major Daily/Horizontal Support (31k to 28k). Need to break both the DMA {Daily Moving Average (21&50ma)} to be bullish and get momentum from here but The price didn’t manage to break the dashed resistance trendline and there was no breakout confirmation on the RSI ❌, it's break the down support so, i think more downside action still to come.
If Bitcoin Remains Above the Daily/Horizontal Support, Bitcoin gonna Bounce Back Anytime.
In Worst Case, If Daily Candle Closed Below the Daily/Horizontal Support Area , Next Stop would be 20k
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Bitcoin making bullish diversion in daily chart, what next?Technical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Apart from todays movements let's look back at a higher time frame.
(I've used the line chart instead of candlesticks because of all the wicks , they're just noise for considering this deviation)
We can see a series of lower lows formed by btc while rsi is steadily moving up making higher lows.
This is usually a good sign of either a reversal or the start of a range.
Combine this with the current contraction of Emas on 4h and daily , we can anticipate that a big move may be coming
Which Direction ? Can't say , and you shouldn't speculate either ! Stay confident in your models and react to what btc does rather than predict or speculate it.
Conclusion ? Well none it's just a point of view i wanted to bring into light ,
But if you don't like getting chopped around here , you might have a reason to take a break and wait for the decisive big move to come.
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is symmetrical triangle breakout retested? could btc ready to goTechnical analysis:
Welcome to this quick update everyone,
In Daily timeframe Chart, Bitcoin got Rejected by the EMA200 Resistance (40900) But Still Moving above 38k Support.
At the Moment, Bitcoin is Retesting the 38k Support (Descending Channel), If Daily Candle Closed Above the Channel, Expecting Bounce Back towards the MA200. 📈
#Bitcoin is Moving Below the MA200 & 41.2k Horizontal Resistance.
RSI indicator is Making Lower Highs Since 8th Jan (Downtrend)
Death cross is Emerging as well (MA50 crossing below the MA200)
A close above MA200 invalidate the Death Cross‼️
❤️ If you find this helpful and want more FREE forecasts in Tradingview.
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
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