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Double Top or Bottom

Is ROSEUSDT Poised for a Bullish Breakout?Yello, Paradisers! ROSEUSDT is showing signs of a potential bullish breakout. With a confirmed bullish Change of Character (CHoCH), a broken resistance trendline paired with bullish divergence, and the recent formation of a "W" pattern, the stage is set for a potential upward move. 💎If ROSEUSDT manages to break through the current resistance zone and closes a candle above it, this will validate the W pattern and significantly raise the likelihood of a strong bullish push. Traders could see increased momentum once this confirmation occurs, presenting a solid entry opportunity. 💎Should a retracement occur instead, look for a potential triple bottom forming near the support zone. This would reinforce the bullish structure, but for higher accuracy, monitor lower timeframes for another bullish CHoCH. This extra confirmation can help improve the trade’s probability in our favor. 💎However, if price breaks down and closes candle below the support zone, it would invalidate our bullish outlook. In that scenario, it’s best to avoid entering and wait patiently for more favorable price action to develop before taking any positions. Patience and precision will make all the difference in positioning well for the next move. Stay strategic, and keep your trading plan steady. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
HUDCO - Consolidation BO - Daily This chart represents **Housing & Urban Development Corporation Ltd. (HUDCO)** and shows a downward **channel breakout** pattern. ### Observations: 1. **Downtrend Channel**: - The stock was in a descending channel pattern, as marked by the yellow trendlines. - The breakout above the upper trendline signals a potential reversal from the downtrend. 2. **Breakout Confirmation**: - The breakout level appears around ₹233.02, and the price closed at ₹238.61, indicating a successful breakout with a gain of +4.80%. - The breakout is accompanied by higher volume, which adds strength to the bullish move. 3. **Target Levels**: - **Measured Move**: Based on the channel height, the next significant resistance is marked at ₹274.30. - **Support**: Strong horizontal support lies at ₹189.99, which is the previous low. 4. **Volume**: - The volume bars below the chart confirm increased trading activity during the breakout, a strong sign of investor interest. ### Potential Strategy: - **For Bulls**: - Enter on pullbacks near ₹233, if any, with a target of ₹274.30. - Place a stop-loss below ₹223 (previous resistance turned support). - **For Bears**: - Watch for rejection or lack of follow-through near ₹274.30 for a potential short-term reversal. Would you like further analysis on entry points, or should I provide other technical insights?
NSE:HUDCOLong
by VCharts_TA
Idea purely on technical basis + NewsThis idea is purely basis current price action + volume and news. No other factors considered. NSE:DHANI has shown promising signs of a potential turnaround, indicating a shift in sentiment following a period of indecision or stabilization. The Diamond Bottom pattern emerges amidst a downtrend, characterized by the formation of higher highs and lower lows within a widening pattern. Over time, this pattern evolves as the highs reach a peak and the lows begin to ascend, leading to a gradual narrowing of the trading range. Upon the breakout above the boundaries of the diamond pattern, there's a notable indication of a substantial reversal, marking the onset of a fresh uptrend. Other things to consider at current situation - Volume is increasing - Trading above 10 EMA, 50 EMA and 100 EMA News Dated: March 18, 2024 - Submitted the building plans to the Directorate of Town and Country Planning (DTCP) for approvals of 60 lac sq ft of residential development saleable area in Sector 104, Gurugram located on 8 lane Dwarka Express way. The Project is proposed to be launched in July’ - Submitted the building plans for development of saleable area of 2.6 lac sq ft of office space in Worli, Mumbai. The Project is expected to be launched in August’ 2024. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:DHANI
by hardeepssethi
RCF Limited: Triangle Breakout & Double Bottom FormationTechnical Analysis: RCF Limited showcases a triangle chart pattern breakout supported by the formation of a double bottom pattern, a powerful bullish reversal signal. This dual pattern alignment strengthens the bullish case, with the breakout above 176 marking a key entry point for traders. Trade Setup: Entry: Above 176 Stop Loss (SL): 158 Target: 274 Pattern Highlights: The triangle breakout confirms a shift in momentum, with increased buying pressure at critical levels. The double bottom pattern indicates a strong reversal from the lows, adding confidence in the move toward the target price of 274. With both a triangle breakout and a double bottom pattern in play, RCF Limited offers a compelling buy opportunity. A combination of technical signals and proper risk management with a stop loss at 158 provides an excellent setup for swing traders aiming for the 274 target. Ensure you monitor volume to confirm the breakout strength.
NSE:RCFLong
by kausar13n
Is Radio Khaitan Forming a Double Top?NSE:RADICO The charts suggest Radico Khaitan might be forming a Double Top pattern, indicating potential resistance ahead. Currently, it’s trading near the resistance level of 2425, but there's a good chance it could retrace back to the support zone around 2321 before attempting to break higher. Interestingly, the stock is still making higher highs, maintaining its upward trend, and has not breached its previous higher low of 2200, established during the last reversal. This highlights a degree of strength in its price action, even amidst market fluctuations. Given the current market sentiment, Radico Khaitan might remain in a consolidation phase, oscillating within the 2200 to 2500 range in the near term. However, one notable aspect is its valuation—it seems on the pricier side. Radico Khaitan has been the darling of multi-bagger hunters for a while now, which explains the premium investors are willing to pay. For now, keeping a close eye on the 2200 support and 2425 resistance levels will be crucial to understand its next move. A breakout above 2425 might signal renewed bullish momentum, while a breakdown below 2200 could trigger a deeper correction.
NSE:RADICO
by RZR22
Are You Ready for a Major AVAXUSDT Move?Yello Paradisers! 👋 AVAXUSDT is at a critical juncture, and it’s essential to stay focused. 💎Currently, the AVAXUSDT is trading within a descending channel, but we’re seeing the potential formation of a bullish W pattern. This is where things get interesting. 💎If AVAX breaks out and closes a candle above the resistance zone, it will validate the W pattern, significantly increasing the chances of a bullish move. 🚀 💎On the other hand, if we see a pullback, the support zone could give us a double-bottom pattern. But we’ll need confirmation from a Change of Character (CHoCH) toward a bullish market structure to give us confidence in the reversal. 💎However, if the price breaks down and closes a candle below the support zone, our entire bullish scenario will be invalidated. 🎖The key here, Paradisers, is patience and discipline. Remember, only the best, highest-probability trades are worth taking. Stay sharp, follow the price action, and make sure your strategy is in place. That’s how you stay in the winner’s circle. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Lido DAO Long-Term analysis, getting profit of +540% ROILido is currently trading within sideways waves and has recently breakout above a trendline within these waves. This indicates a potential uptrend. The first target is the top of the sideways wave at $3.45 USD, which also acts as a resistance level. Reaching this target could yield a potential profit of +181% percentage ROI. If the market closes above or breakout of this first target, a more significant price movement could occur, potentially reaching the second target of $6.325 USD. This could result in a total potential profit of +540%. Good luck.
CRYPTO:LDOUSDLong
by SasikumarMani
Swing / Positional Opportunity in Star HealthGo Long @ 598.5 for Targets of 640, 697, and 750 with SL 573 Reasons to go Long : 1. On weekly timeframe stock gave Trendline breakout (marked with green color). 2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.382 Fibonacci level. 3. In addition to this, the stock formed a Double Bottom (W) pattern (marked with a black dotted line) around 0.382 Fibonacci level.
NSE:STARHEALTHLong
by Nimish_Ghagare