On day chart Bitcoin has soared and plunged with high volatility in range $45,8xx and $41,000 Bitcoin has important support at $40K and Supply Zone around $47K that's why Bitcoin's dropped With the last bullish candle has upper long wick, I think this is a Fake Breakout and it can create Reversal Pattern #HeadShoulders to pull Bitcoin back to $35K Wait and...
Attached: SBILIFE Daily Chart as of 21st April 2023 For the Levels, it is already marked in the Chart (SELF EXPLANATORY) Stop Loss > 1136 Downside Target 1= 1074 Downside Target 2= 1054 For the Thesis as to why it is a SHORT: - the 17th April Candle was a Breakout Candle that turned out to be a BULL TRAP Candle, so all the Bulls that entered got Liquidated as...
Fiem Industries gave a fake breakout in september and this was immediately visible based on the selling that followed the breakout with heavy volume. But the stock gave a breakout again in November & this time it was successful. This time, the successive candle did NOT indicate significant selling. In fact, there was simply no selling which means that there are no...
Bank nifty congestion zone Don't enter if it give breakout directly without consolidationbelow trendline. Market never give direct braekout it could be a buyer trap
Looks like a good Breakout and retest. Plus created a double bottom at the bottom. A good entry will be at the close of a good bullish candle.
⭕ Positional Trading opportunity ! weekly Chart Alert !!!⭕ --Buy above =67.60 or CMP --Target = 112.60 --Stop-loss = 52.20 --R:R =2.92 --Expected Profit = (66 % ) --Expected Holding = 1-3 Months only #ThankU For Checking Out Our Content , We Hope U Liked IT 📌 ====================================================== ⭕Technical Reasons to trade or Strategy applied...
Cipla was in a good sideways range and the broke above with momentum. Price then retraced towards the breakout area in a good consolidation and now broke below the consolidation. There is a good opportunity of a bullish trade if price gets back into the above consolidation, thus forming a fake break out. I would suggest to enter only if 1 Day candle closes inside...
GBPAUD is currently at a very good supply zone. It should drop to next demand area what do you guys think about this.
HDFC (Daily) - Head & Shoulders Chart Pattern Possible top fishing of the right shoulder Seems to be the start of C wave MACD downtick in daily and weekly timeframes (wave and tide) Stochastic 14,3,3 is in negative crossover -DI is above +DI and the ADX is above 15 in the Directional Movement Index (DMI) Fake breakout of the 50 ema as well Target 1 -...
Nowadays as CRYPTO ERA is going on and we all are watching many ALTCOINS skyrocketing for no reason and most of the people out there are watching it and feel like they are missing out on great opportunities and then suddenly come into the picture to capture some quick gains due to FOMO and by the time they come and participate small shakeouts starts happening and...
NSE:BOSCHLTD Positional Trading opportunity ! Weekly Chart Alert ! Technical Reasons to trade :- 🧢 1> Big breakout 2> Huge volume breakout 3> trendline resistance mentioned 4> Retracement areas are shown through arrow 5> obvious support & resistance 6> RSI trend breakout --CMP =13190 --Lot Size = 50 --Target = 17300 ( 30% ) --stoploss = 11175 --R:R =...
In LT there is a head and shoulder breakout, my analysis says that its a fake breakout.
This is simply an educational video, starting from the basis of entry till the exit point of one really good setup based only on price action and price reading
👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa...
The stock might give a great rally upside with target of 3650 with stop loss 3100
NSE:UBL as per my experience the above break out from resistance zone which now turn into support zone after break out, thus is fake break out as per my experience.