Date: 20th Aug 2024
Time: 2:48 PM
Correction Phase over in BN?
1. In D TF, it was correcting in Downside channeling and on 6th Aug it made its final low for that correction
2. During whole Aug, BN was a sideways so far and made Double Bottom with 6th Aug and 14th Aug low.
3.Today BN finally Breakout neckline of D Bottom and sustaining the levels.
Target...
Price is oscillating in the critical area ( Point of control), presence of immediate resistances.
For upward movement, Price needs to close above 550.
This week price action is going to be crucial
Ethereum has formed an inverse head and shoulders pattern on the 4-hour time frame, which is typically a bullish reversal signal.
For confirmation, ETH needs to break above the $2,450 resistance level.
Once this breakout is confirmed, the price could target the $2,800 level, indicating a potential upward move.
Keep an eye on volume during the breakout for...
Add this to watchlist and wait for entry.👁️🗨️
For short term investment ;
Leave a " Like If you agree ".👍
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Wait for small retracement & daily candle to close above - "840".
Trade carefully untill ENTRY level.
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Entry: 840 / 780
Target: 870-915-1040-1100
sl: 815 (840) / 780 (765)
major stoploss / support: 780.
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Enter only if market...
AAVE token made two lows in April and July of this year
On RSI this resulted in a divergence, as the prices made a new low but RSI failed to make a new low
This was followed by a failed attempt to break the neckline to the upside.
Finally in August we saw the token successfully break the neckline inspite of weakness across the crypto space
This breakout has...
NMDC Steel Ltd NSLNISP is on trendline support on the daily time frame with good volume. The stock can head towards 60, 65 in short term. Stop loss can be placed at today's low which is 52.91.
Disclaimer: I am not a SEBI registered analyst. All the stocks are for educational purposes. Investors must consult a financial advisor before making any investment. It is...
NSE:JMFINANCIL Analysis on a 4H Timeframe!
Short Term Movement Analysis on JMFINANCIL!
Double Bottom Pattern Formation in JMFINANCIL!
Double Bottom Neckline breakout at JMFINANCIL!
Analysis:
JMFINANCIL was in the Downtrend since 29 Jan 2024. We can clearly see it has made a Double Bottom Pattern. It also given the breakout to its resistance level which...
Technical Analysis for Heranba Industries Ltd.:
Trade Type: Swing trade for 6-12 months
Chart Pattern: Breakout of neckline
Entry Strategy:
Buy half quantity at Current Market Price (CMP)
Buy the remaining half on a retest or below ₹360
Stop Loss (SL): ₹392 for risk management
Target: ₹845
This strategy aims to capitalize on the breakout while managing risk...
Current Market Price (CMP): ₹387
Trade Type: Swing trade for 6-12 months
Stop Loss (SL): ₹330 for risk management
Targets:
Target 1: ₹500
Target 2: ₹600
Monitor the trade regularly and adjust the stop loss as the trade progresses. Evaluate price action for potential target achievements.
#PoonawallaFincorp #TechnicalAnalysis #SwingTrade #StockMarket...
"Dynemic Products Ltd." is about to change it's overall structure on monthly basis (bullish). In near time, we can see it touching it's ATH and also, making a new lifetime high. This is going to be a mid-to-long term swing trade.
Wait for a strong breakout on weekly basis for entry and volume should be a vital parameter to look for during breakout. The low of the...
Huge potential is there.
For short term investment ;
Leave a " Like If you agree ". 👍
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Wait for Breakout & then Daily candle to close above - "135"
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If you want to enter now "Go for it with stoploss".
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Enter after Price Breaks
"Yellow box" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency " 💹
Refer our old...
USDT.D Bullish Divergence and Double Bottom Signal a Trendline Retest
USDT dominance ( CRYPTOCAP:USDT.D ) has formed a bullish divergence on the 4-hour chart, along with a double bottom pattern.
These signals suggest that USDT.D is gearing up to retest the trendline. Meanwhile, Bitcoin and altcoins are likely to undergo a retracement, offering another healthy...
Classic double bottom chart pattern formed in Polyplex.
Price has corrected from top and after 2 years forming a bullish reversal chart pattern called double bottom. Double bottom is a bullish reversal pattern is forming after a strong downtrend.
Price is printing lower top and lower bottom and finally price has settled at 760.
Twice touch bottom at 760 formed a...
PAISALO DIGITAL has formed a double bottom pattern in a daily chart. It's a nice trading stock for a short term gain of atleast 15% to 20%.
🔰 Range : 67-68
🎯 Target : 75 to 80
🛑 SL : below 58
⚠️ Disclaimer : This is not a buy/sell advice. It's a view for purely educational purposes.
Btc made double bottom around 62.5k level and now bouncing Fromm the level were we need to clear bullish view , next targets are 66k , 67.5k, 69k and finally level of 70k. Support area is 62.2k.
Hi All,
THis idea is about RKEC Projects Ltd
Fundamentals
Mkt Cap - 308 Cr
Stock PE - 15
ROE - 12.5%
ROCE - 15.5%
Mkt Cap/Sale < 1
D/E - 0.83
Quick Ratio - 1.09
RKEC Projects Ltd is in the business of Civil and Defence Construction
Technical Analysis
As the chart depicts, the price went for a double bottom formation and give a contraction of more than 70%...
Add this to watchlist and wait for entry.👁️🗨️ 2024-2025
For short term investment ;
Leave a " Like If you agree ".👍
.
Wait for small retracement & daily candle to close above - "340".
Avoid Trade untill PROPER ENTRY level.
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Entry: 340
target: 400- 420- 478
sl: 315
major stoploss/ support: 290
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Enter only if market Retrace and Breaks
"Yellow box" ...
