Double Top or Bottom
Mighty Nifty - July 29Price gave very good trending move on friday and now it is facing double top resistance.
Pattern : Support/Resistance.
Range : Medium.
Trend strength : Normal.
Buy Above : 24840.
Stop Loss : 24800.
Targets : 24880, 24920, 24960 and 25000.
Sell below : 24720.
Stop Loss : 24760.
Targets : 24680, 24640 and 24580.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
HI-TECH PIPES making two patternsHI-TECH PIPES is making two patterns.
Double Bottom & Downward Trendline Resistance Pattern at Daily Chart.
RSI divergence is visible.
If it comes down even then it is nearby its Support area.
4 times it has touched the Resistance Trendline, now we need a strong green candle breaking the trendline. If sustains then there is probability of touching 145 and 168, it may take some time.
For learning and educational purpose only.
HERANBAMarket Cap
₹ 1,594 Cr.
Current Price
₹ 398
High / Low
₹ 426 / 278
Stock P/E
46.2
Book Value
₹ 211
Dividend Yield
0.31 %
ROCE
6.72 %
ROE
4.17 %
Face Value
₹ 10.0
Debt to equity
0.20
Debt
₹ 165 Cr.
OPM
6.12 %
Promoter holding
74.9 %
Sales growth
-4.68 %
Profit growth
-66.8 %
CMP / FCF
Industry PE
39.2
Pledged percentage
0.00 %
Reserves
₹ 803 Cr
Will ORDIUSDT Surge or Stumble? Yello, Paradisers! ORDIUSDT has taken liquidity and then shown a CHoCH (Change of Character) towards a bullish market structure, increasing the probability of an upward move.
💎ORDI has formed an inverse head and shoulders pattern, a classic bullish reversal indicator. For confirmation, we need a breakout above the resistance zone, which would signal a bullish move.
💎If there is a pullback, we might see a potential double bottom from the support zone. For confirmation, we need an I-CHoCH (Internal Change of Character) towards a bullish market structure.
💎A breakdown and candle closing below the support zone will invalidate our bullish outlook.
Stay vigilant and trade smart, Paradisers! If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities. Consistency over quick profits is key. Discipline, patience, and robust strategies will guide you to long-term success. Stay focused, and let’s make smart moves together!
MyCryptoParadise
iFeel the success🌴
Indian Hotel - Double Bottom - Ready to roar!!!Indian Hotel has formed a double bottom pattern which is a reversal trend. We can see the price moving towards 600-622-660. Other factors:
1. See today's volume candle, buying has started
2. RSI is moving above and should be above 60 shortly showing a bullish trend
3. MACD is becoming green
4. Price has moved above EMA20 which is a good bullish sign
"Clean Charts, Easy Charts"
Learning & Earning!!
Cheers!!!
BITCOIN: Double top possible + NAVARRO 200 : Watch out!!
BITCOIN: Double top possible: Watch out for 48,000 + NAVARRO 2000 bullish = 2 opposing patterns.
The Wolf of Zurich detected a possible double top on bitcoin
As expected, the 56,400 was reached perfectly thanks to my analysis.
The next levels are:
On the decline :
56,425 (again)
48,000
40,770
On the rise:
NAVAROO 200 bullish detected, and the price could reach $72,000 then $80,000
In addition, Be careful because there is a bullish divergence with the ROC!!
To watch the EMA 50 and 200, and the ICHIMOKU and Fibonacci levels
ZYDUS LIFESCIENCES 15 MINSThe chart shows a bullish trend, with the price bouncing off the support level of 1,150 INR
The candlestick pattern shows a bullish engulfing pattern, where the green candle completely engulfs the previous red candle, indicating a strong buying pressure.
if the price breaks below the support level of 1,150 INR, it could be considered a sell signal.
Alternatively, if the price reaches a strong resistance level of 1165 a short trade can be entered if a strong bearish candle pattern appears.
........
Please note that this analysis is based on a limited time frame and should not be considered as financial advice. It's always recommended to conduct thorough research and consider multiple time frames before making any investment decisions.
Jubilant food:-This reversal can fill your portfolio's hunger!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
Tejas networks-Technically strong setup!Tejas networks is a loss making multibagger company which has been consolidating since few months.
If stock breaks 800, a support reversal can be confirmed and new ATH can be expected in stock.
The stock is a multibagger stock which can repeat its performance if market is bullish.
Only Risky traders should keep this in watchlist
RKEC - DOUBLE BOTTOM FORMATION WITH A BREAKOUTHi 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% while forming both bottoms.
It has given a successful breakout and first resistance has been marked. This trade can continue till next results as it could give a surprise being in a sector which is having strong tail winds.
Happy Trading,
Thanks,
Stock-n-Shine
Is BTC about to rise?Looking at the daily line on the left, we can clearly see that BTC is coming out of a potential double top structure.
Then it fell below the neckline around July 4th to 5th.
But in the next few days, it turned into a bottom flip and the double top failed.
And looking at the perimeter on the right
The short-term EMA did not fall below the medium-term EMA
At the same time, the trading volume in these two weeks was significantly lower than the trading volume in the previous rise.
But it can pull the price up from the panic and short sentiment in the market.
So I think this is the main force in the market cleaning up the retail investors who entered the market in the last wave.
and allow them to get more chips
At the same time you can see there is quite a lot of buying around 59000
Therefore, I think the next trend should be two types
1. After breaking through upward, the pressure goes back to about 70,000 and then continues upward (red arrow)
2. Go down close to the bottom of around 59,000 until the main force absorbs enough chips and then goes up (blue arrow
#The cryptocurrency market has high risks, please carefully evaluate operational risks
This analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.
Midcap NiftyPrice gave very nice fall on friday and now it is at the double bottom support. Let us see whether it will take support.
Buy above 12210 with the stop loss of 12170 for the targets 12250, 12290, 12330 and 12360.
Sell below 12130 with the stop loss of 12160 for the targets 12100, 12060, 12020 and 11960.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
IndusTower looking good to BOOM💥; 40% swingAdd this to watchlist and wait for entry.👁️🗨️ 2024-2025
For short term investment ;
Leave a " Like If you agree ".👍
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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" mentioned.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency "💹
Refer our old ideas for accuracy rate🧑💻
Follow for daily updates👍
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Refer our old ideas attached below for Backtesting
QTUMUSDT: Will This Breakout Lead to a Major Bull Run?Yello Paradisers! QTUMUSDT has broken out of a falling wedge pattern, increasing the probability of a bullish move. But, can we trust this breakout to lead us to significant gains?
💎For confirmation, we need a breakout and candle closing above the resistance zone. This will increase the likelihood of a bullish move, potentially driving the price to the next resistance levels.
💎However, if we see a pullback, we might witness a potential triple bottom pattern forming from the support zone. For this to confirm, we need an I-CHoCH indicating a shift towards a bullish market structure.
💎But beware, if there is a breakdown and candle closing below the support zone, our bullish outlook will be invalidated.
Stay vigilant, trade smart, and let's navigate these market moves together!
MyCryptoParadise
iFeel the success🌴
AVAXUSDT: Bullish Breakout or False Hope?Yello, Paradisers! 🌟 Are we about to witness a bullish breakout for AVAXUSDT? Let's dive in and find out!
💎AVAXUSDT has taken liquidity and formed a W pattern, breaking the descending channel. These factors are increasing the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone, which will signal a strong bullish move.
💎While some might consider going long from here from the current price, But it's a low-probability setup. Therefore, it's better to ignore it for now. The overall crypto market has also shown bullish tendencies, but a pullback is expected. So, it's wiser to wait for better opportunities.
💎On the flip side, if there's a breakdown and the candle closes below the bullish order block, it will invalidate our bullish outlook.
🎖Remember, patience and discipline are key in this volatile market. Stay focused and wait for high-probability setups. This is how you make it far in your crypto trading journey. Be a PRO💰
MyCryptoParadise
iFeel the success🌴
BIRLACABLE - DAY CHART TURNAROUND SOON...NSE:BIRLACABLE CHART ANALYSIS 🧐
Time frame - Day chart
🔹Trend: Correction Downtrend is in effect with low volume fall.
🔹 The last swing low made is insignificant and formed a double bottom structure, with a small RSI divergence.
🔹View: Breakout of a trendline and horizontal range around 263+ can trigger a change in trend, from down to fresh up trend.
Promoter holding is increasing cause it had a slow correction phase for a while now and it hit the major trendline support zone so that will be a high probability setup for a potential up move.
🟢Entry: 30 min close above 263+
♦️Risk:- 230 on weekly candle closing below.
🎯Targets :- 290,350+
Use position sizing and follow your money management rules too.
Detailed analysis on chart, Study it and mark levels on your chart.
Valiant Organics NSE by KRSChartsDate: 24th April 2024
Time : 10:45 Am
Valiant Organics has been in my watchlist for a long time,
Finally, it seems like its Wave structure of downfall is finished with March low point.
Now in ABC Wave Structure C Wave is likely to reach till Depth of Correction Point which means Prev point of 4th wave is new Target.
Apart from this There is a Double Bottom Chart Pattern is visible too with Bullish Div on Monthly TF with RSI.
More Confirmation had arise when on 1st April its Gap up and Now showing Positive Order Block on Weekly TF too.
SO, with a SL of 394 Rs. (D Closing Basis) we can long Valiant Organics for Target of 860+ Rs. But make sure if you want to little more safe entry it will be above POC line at any price.