BITCOIN - After Pumping Still Bearish#BITCOIN Daily Chart Analysis
After Pumping of Weekly startup today's signal, CRYPTOCAP:BTC movement still under #BearishFlag pattern, it means with in next 25-35 days its next and final divergence will be towards $24k and from that point it will break down, there will be chances to breakdown of 18-20% means up-to $5k of value breaks as per my next forecast up-to 20-25th Nov 2023 and this will be our last #BearishZone downtrend cycle, after that Bitcoin starts to move in Uptrends towards #BullRun slowly as Sideways.
Sometimes, Whaler's & Manipulator's trying to do Hard Pump n Dump by using the market sentiments and some news regarding any legalisations, wars, attacks, de-pegging's, #SEC etc etc. Those are the just manipulation for a time being to just liquidate market funds and create Panic in market.
So,
Always Trade wisely by using #StopLoss at this panic and volatile situations and #DYOR, its #NFA
as well,
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Flag
NASDAQ's Next Move: Potential Bull Flag Breakout?2022 wasn't kind to NASDAQ, starting at 16500 and then dropping to a low of 10440, which is a big 36% fall. But the first half of 2023 flipped the script with a solid rally almost back to 16000. This 6-month climb cooled off into a phase where the prices have been moving sideways, forming what looks like a bull flag.
However, with the current unsettling situation in the Middle East and the looming fears of war, breaking out of this bull flag and continuing the rally might be challenging. Investors tend to pull money out of markets during shaky times, opting for safer bets like gold.
For those eyeing long positions, seeing a strong close above the previous month's high of 15620 would potentially be a good sign. But if we dip below 14400, that could open up chances for shorting. Either way, stay tuned to this post to catch the latest updates!
Nifty Pharma: Double Top or Bull Flag?The pharmaceutical sector, represented by Nifty Pharma, has been on a remarkable journey over the past three months, rallying approximately 30%. This surge has been characterized by a breakout above its previous all-time highs by more than 700 points. However, in recent days, Nifty Pharma has found itself trading within a range of 15,000 to 15,750, with the previous all-time high acting as a crucial support level. As traders and investors closely monitor these developments, the question arises: Is this a double-top pattern forming, or could it be a bull flag signaling the potential for another upward surge and the creation of new all-time highs? Let's delve deeper into the possibilities.
Understanding the Double Top Pattern
A double-top pattern is a bearish technical chart pattern that suggests a potential reversal of an ongoing uptrend. It typically occurs after a prolonged upward movement and is characterized by two peaks that reach a similar price level, separated by a trough. The pattern is confirmed when the price breaks below the trough, indicating a shift in market sentiment from bullish to bearish.
In the case of Nifty Pharma, it's important to note that the price has not yet breached the previous all-time high, which is currently acting as a support level of around 15,000. Therefore, while the price may appear to be forming a double-top pattern, it has not yet confirmed this bearish reversal.
The Potential for a Bull Flag
On the other hand, a bull flag is a bullish continuation pattern that often occurs after a strong upward move in price. It is characterized by a consolidation phase, where the price trades within a narrow range in the form of a flag, typically sloping downward. This consolidation is seen as a temporary pause before the prevailing uptrend resumes.
In the case of Nifty Pharma, the consolidation between 15,000 and 15,750 could potentially be interpreted as a bull flag. This pattern suggests that despite the recent rally and the subsequent consolidation, there might be further upside potential, and new all-time highs could be on the horizon once the flag pattern resolves to the upside.
Factors to Consider
While technical analysis can provide valuable insights, it's important to remember that market dynamics are influenced by a multitude of factors, including economic conditions, news events, and global sentiment. In the case of pharmaceutical stocks, factors such as drug approvals, clinical trial results, and regulatory changes can have a significant impact on stock prices.
Conclusion
The recent performance of Nifty Pharma has certainly caught the attention of traders and investors alike. The current consolidation phase within the 15,000 to 15,750 range, with the previous all-time high acting as a support level, has sparked debates about whether a double top pattern is forming or if a bull flag is in play.
While the technical patterns provide important clues, it's crucial to consider the broader market context and fundamental factors that can influence the pharmaceutical sector. Traders and investors should remain vigilant, monitor news developments, and be prepared for various scenarios.
Ultimately, whether Nifty Pharma resumes its rally to create new all-time highs or experiences a reversal, careful analysis and risk management will be essential for anyone looking to navigate the pharma sector in the coming days and weeks.
Confipet ready for Rally to see New highCONFIPET
Based on Weekly Chart Pattern
Cup and Handle with Bullish Flag inside it.
Price got retraced and retested the breakout level. Cmp 85.
Now it's ready to rally to see New high.
Expected targets
Tgt 1 : 95±
Tgt 2 : 115±
Tgt 3 : 135±
Shared it for EDUCATIONAL PURPOSE. Not a BUY/SELL RECOMMENDATIONS.
Bitcoin moving towards Breakout#BITCOIN 2-hr. Chart Analysis
As per present MIL:BTC movements, it will be stucked between $26.9k to $26.5k , if it will be moving into this scale up to 2-3 up-down cycles, then major chances to break-out $26k mark soon with in next 48 hrs.
MIL:BTC already moving under #Bearish Flag in daily chart analysis, that's i previously posted, so as per that scenario too, its next divergence towards FWB:25K first then it will break-out FWB:23K -22k...
Anyway, #DYOR and Trade wisely by using #StopLoss in Crypto, It's just #NFA
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Triveni Engg : Breakout Candidate#Triveni #SwingTrade #momentumtrading #flagpattern #chartpatternbreakout
TRIVENI : Swing Trade
>> Flag Pattern Breakout candidate
>> Good Strength & Volumes
>> Levels mentioned on chart
>>Swing Traders can lock 10% profit & keep trailling
Please Like or comment if u r Liking the analysis & Learning from it. Keep showing ur Love
Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Go Long in Jindal PhotoA bullish flag & pole Chart Pattern Breakout completed on the Daily Time frame of NSE:JINDALPHOT
Price Action supported by very good volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish flag & pole Chart Pattern
Technical Indicator :- Positive MACD Crossover
Disclaimer: This is for educational purpose only.
IIFL Finance - Flag Pattern Breakout!!!!IIFL is showing a flag pattern breakout - a bullish pattern. With increase in volumes, RSI above 60, MACD making positive histograms, the stock looks to be bullish. We can expect a target of 775++, increase of 20%.
"Clean Charts, Easy Charts"
Learing & Earning!!!
Cheers!!!!
MFSL Simple Price Action Analysis NSE:MFSL
Company Overview
Max Financial Services Ltd. operates as a holding company. The firm engages in the provision of advisory services. It operates through the following segments: Business Investments and Life Insurance. The Business Investments segment deals with treasury investments. The Life Insurance segment offers private life insurance products and services. The company was founded by Analjit Singh on February 24, 1988, and is headquartered in Noida, India.
Technical analysis
1. Flag Breakout + Horizontal Resistance Breakout
2. Forming 2nd Swing High Which Has a Higher Probability Of Trend continuation.
3. Price is trading above 200 Ema
4. Entry Logic
5. Target forecasting.
hope you found this helpful.
Please comment your views.
Keep Learning,
Happy Trading!
KOTAKBANK is forming an Flag & Pole PatternKotak Bank is forming an Flag & Pole Pattern.
Wait for breakout from 2000 level if safe investor (35%+ Gain).
Risky investor can start to dive in from current level of 1730-1740 (55%+ Gain).
#Current Price - 1730-1740
#Expected Target - 2700
#Stoploss - 1650
Pattern is forming on weekly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
Please give a Like if you like.
LONG setup in BSE Bullish On-Neck Chart Pattern Breakout happened on the Daily Time frame of NSE:BSE
Price Action is well supported by the volume.
The stock is currently in uptrend making higher highs and higher lows.
One can add this stock into their stocks to buy list.
Initiate the long trade only according to the levels mentioned.
Stop loss will be on Daily closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish On-Neck
Technical Indicator :- Positive MACD Crossover
BREAKOUT, EDELWEISS FIN, 120% RETURNSBUY - EDELWEISS FIN SERV
CMP - Rs. 65
Target - 1: Rs. 94
Target - 2: Rs. 115
Target - 3: Rs. 145
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Timeframe - 3 months - 15 months
.
Technicals - Trendline Breakout
.
This is just a view by an expert analyst, please invest at your own risk.
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