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Double Top or Bottom

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.
NSE:MIDCPNIFTY1!
by vanathi
2
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 ".👍 . Wait for small retracement & daily candle to close above - "340". Avoid Trade untill PROPER ENTRY level. . Entry: 340 target: 400- 420- 478 sl: 315 major stoploss/ support: 290 . . Enter only if market Retrace and Breaks "Yellow box" mentioned. . . Don't make complicated trade set-up.📈📉 Keep it " simple, focus on consistency "💹 Refer our old ideas for accuracy rate🧑‍💻 Follow for daily updates👍 . Refer our old ideas attached below for Backtesting
NSE:INDUSTOWERLong
by TheNuraTrading
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🌴
Long
by MyCryptoParadise_Nathan
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🌴
Long
by MyCryptoParadise_Nathan
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.
NSE:BIRLACABLELong
by SANJAYPATIDAR_
1
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.
NSE:VALIANTORGLong
by KRSCharts
Deebock industries ltd. Big bullish movementRefer the chart for Entry,Target and SL. NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:DIL
by GAYAN-PRAKASH
Is POLSUSD About to Reverse? Key Levels to Watch Now!Yello, Paradisers! Are we on the brink of a significant reversal for POLSUSDT? 🚀 Let's dive into the latest analysis to understand what's at stake and how to navigate the potential moves ahead. 💎POLSUSDT has been following a resistive trendline and recently formed a W pattern, increasing the probability of a bullish reversal. However, we need more than just a pattern to confirm the move. 💎For a confirmed bullish move, we need a proper breakout of both the resistive trendline and the resistance zone. 💎If there's a pullback, we can expect a bounce from the support zone. Confirmation will come from an I-CHoCH (Internal Change of Character) indicating a shift towards a bullish market structure. 💎If the price breaks down and closes candle below the support zone, it will invalidate our bullish scenario. In this case, patience is crucial, and we should wait for a more favorable price action to develop. Remember, Paradisers, trading is about discipline and patience. Wait for clear signals before making your move. Stay focused and play it smart! MyCryptoParadise iFeel the success🌴
PLong
by MyCryptoParadise_Nathan
Frog Cellsat - Strong Fundamentals and Technicals.-> The company has shown a good profit growth of 151.97% for the Past 3 years. -> The company has shown a good revenue growth of 15.20% for the Past 3 years. -> The company has significantly decreased its debt by 6.08 Cr. -> Company has been maintaining healthy ROCE of 25.02% over the past 3 years. -> Company is virtually debt free. -> Company has a healthy Interest coverage ratio of 30.48. -> The company has an efficient Cash Conversion Cycle of 60.53 days. -> Company has a healthy liquidity position with current ratio of 4.44. -> The company has a high promoter holding of 74.10%. -> The company has a strong degree of Operating leverage, Average Operating leverage stands at 31.86.
NSE:FROGLong
by brijmohan_h
Infosys Ltd Analysis!NSE:INFY Analysis on a Daily Timeframe! Double Bottom Pattern formation in Infosys Ltd! Double Bottom Pattern/ W Pattern Formation with RSI Divergence! Analysis: As we can see in the chart NSE:INFY started falling down from Feb 2024. It was in clear downtrend. After that it has made a double bottom pattern but it's second bottom is lower than its first bottom, so I have added RSI indicator to get a confirmation about Divergence. We can see a clear divergence while price falling down RSI moving upwards so we can expect the price will move upwards in the upcoming trading sessions. I have marked all the important levels on the chart please have a look. Trade Psychology and Setup: Entry = Current price level is good to Enter Target = 1607.65 Stop Loss = 1460.50 Disclaimer = Consider my analysis for Educational Purpose only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:INFYLong
by Avinash9087
5
Bitcoin Cash: Breakout or Breakdown? Critical Levels to Watch!Yello, Paradisers! Have you noticed the recent patterns forming in BCHUSDT? It's shaping up to be a pivotal moment for Bitcoin Cash. Let’s dive into the details! 💎BCHUSDT has recently taken liquidity and is forming a triangle pattern. On the lower timeframes, BCH has developed a W pattern, which typically signals a higher probability of a bullish move. However, to confirm this and target higher levels, we need a breakout and a candle closing above the resistance zone. This confirmation would significantly increase the likelihood of a bullish continuation. 💎If BCH breaks out and closes candle above the resistance zone, it would validate the bullish W pattern and open the door for higher targets. 💎In the event of a pullback, we can expect a bounce from the support zone, potentially forming a triple bottom, which is another bullish sign. 💎Conversely, if BCH breaks down and closes below the support zone, it will invalidate our bullish outlook. Stay focused, patient, and disciplined, Paradisers. This is the only way you can make it far in your crypto trading journey. Be a PRO💰 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
SbinIn daily time frame price has formed a symmetrical triangle and it can give break out in any direction. In lower time price is facing double top resistance. Trend direction deciding zone will be 860. Buy above 865 with the stop loss of 860 for the targets 870, 875 and 880. Sell below 854 with the stop loss of 859 for the targets 849, 844 and 838. 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.
NSE:SBIN
by vanathi
2