NSE : JUBILANT FOODWORKS CMP - 472.6 VIEW - bullish / long ANALYSIS - Technical A bull divergence on daily MACD indicator with higher lows is contrast with price action of lower lows indicating a divergence. Breaking of bearish trendline indicates a potential trend change with double bottom ...
Jubilant food has been underperforming since few years. Stock has formed strong positive RSI divergence at confluence of supports. Above 500, reversal will start and above 600 , reversal will be confirmed. Valuation wise, not a good stock but RSI divergence stock are known to give quick, big moves. All positional traders shouldn't miss this stock
Double bottom chart pattern formed in JUBLFOOD and pattern will active only after break and close above 470. It is also important to note that JUBLFOOD is bounced back from prior support level with formation of bullish candlestick called Hammer. Price is also pierced the downtrend line and currently price is consolidating near neckline. We have also found...
After good correction there is strength seen in this counter. Double bottom is confirmed here, this means now there is change in trend and now bias is up. buy on dips will be good strategy
💎 Paradisers, #ATOM can capture the liquidity of traders who entered on the breakdown of the previous low and has also formed a 'W' pattern, increasing its bullish potential. 💎 If #ATOMUSDT breaks above the resistance level, which could trigger stop losses for sellers who acted on the breakdown, we can target the next resistance levels. 💎 In the case of a...
💎 Paradisers, #AR has taken the liquidity of traders who acted on the M-pattern breakdown, but now that the price has shown a Change of Character (CHoCH) and formed an inverse head and shoulders pattern, we can anticipate a bullish move. 💎 If the price breaks above the resistance level, we can target the next resistance levels. 💎 In the event of a pullback, we...
I'm Barish on Inoxwind. Because 1. Tripple Top 2. RSI Strong Diversion 3. Price is same but RSI Level is Down and Breaking old low
ADA/USDT has indeed shown promising signs with a double bottom formation, a trendline retest, and a clear bullish divergence. This suggests that the price may reach $1 or even break above it to reach new all-time highs.
If you missed trade in FSL then here is another one. NSE:RUSHIL double bottom breakout awaited on closing basis, price broke out today. Weekly chart looks even stronger, earlier than before. Expecting 20% gains soon.
💎 Paradisers, #ARK has formed a descending channel, and the price is potentially forming a double bottom after absorbing liquidity, which increases the bullish probability. 💎 We can expect a bounce from here due to the liquidity taken and the double bottom pattern, but we don't yet have a clear formation from the price. 💎 If the price breaks out of the...
VBL ready for Breakout, Line cross and above for 1hour then it's clear cut breakout. Let's see Monday Trading Session.
NSE:NIFTY faced heavy resistance today and failed to close above previous high. Is it a double top which will lead to massive fall or a temporary high before elections? Where are we heading towards from here?
💎 Paradisers, #DOT is showing a Break of Structure (BOS) towards a bullish market structure and has formed a 'W' pattern after absorbing liquidity, which increases the likelihood of a bullish move. 💎 This level is also supported by the Fibonacci 61.80% level, which further enhances the bullish probability. However, for confirmation, we need the price to break...
💎 Paradisers, #AAVE has taken liquidity by breaking below a previous low, which served as a demand level for a while. Now, a bullish move is possible, but we need confirmation. 💎 #AAVEUSDT may bounce from here, as it has formed a double bottom structure accompanied by a dragonfly candlestick pattern, increasing the probability of an upward move. 💎 Nonetheless, I...
BITCOIN: Bearish – Double TOP + Rising Wedge The market could go back down to around $58 000. In addition, detection of a possible double top on Bitcoin which would bring the price down to around $48 000 Watch for the 50 and 200 exponential moving averages, as well as the Ichimoku levels, and RSI. be careful
The #DOT/USDT market has recently shown a double bottom pattern followed by a bounce. This price action is indicating a potential formation of a bearish shark pattern, suggesting a retest of the 9.5$ liquidity area.
#LINK/USDT has recently shown a bullish shark and double bottom pattern, indicating a potential uptrend. The price has bounced from the buy liquidity support area at $11.5, suggesting a strong level of buying interest at that price point. This could signal a reversal in the current downtrend and a possible move towards higher price levels.
1. set up: Fib reversal point 2. Trend Bullish 3. Strength strong 4. RR 1:3