GAIN
long trade done with 50% gaintrade was analyzed on 12 April, target 1 & target 2 done
I was expecting , price will take resistance from target 2 or fib extension value 1.618 but it crossed and leading to 3rd target or fib extension value 2 .
I booked 40% at target 1st with 20% & rest booked out at 2nd target with 50% move
The stock of month
follows me for more chart analysis.
Charts are for learning purposes to understand chart reading.
Happy trading
POTENTIAL OPPORTUNITY - 15% to 20% @ DEN NETWORKS LTD (NSE:DEN)Potential Opportunity as Swing Trade in NSE:DEN and also predicting positive GAIN upto 20%
SWING TRADE - RISK TO REWARD - 1:3
ENTRY - 42.75
TARGET - 50.00
STOP LOSS - 40.3
This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing.
#nse #swingtrade #nifty #den #dennetworks #reliance #riskrewardratio
Next Bitcoin price crash will be ‘shallower’ Bitcoin’s (BTC) market tendency to crash by over 80% after logging strong bull runs might come to an end.That is according to a new report published by California-based hedge fund Pantera Capital. In detail, the report notes that the recent periods of BTC price drops have been less severe than in the past
For instance, in 2013–2015 and 2017–2018, Bitcoin crashed by as much as 83% after topping out near $1,111 and $20,089, respectively. Similarly, the cryptocurrency’s bull run in 2019–2020 and 2020–2021 led to massive price corrections. Nevertheless, the scales of their retracements afterward were -61% and -54%, respectively.The statements appeared as Bitcoin renewed its bullish strength to retest its current record high near $65,000.BTC/USD rallied above $60,000 for the first time since early May as the United States Securities and Exchange Commission approved the first Bitcoin exchange-traded fund (ETF) after years of rejecting similar investment products.The approval of ProShare’s Bitcoin Strategy ETF raised expectations that it would make it easier for institutional investors to gain exposure in the BTC market. That also helped Bitcoin wipe almost all the losses incurred during the April–July bear cycle as BTC’s price doubled to reclaim levels above $60,000.
#BBTC looks good for 50-60% medium term returns!NSE:BBTC
Structure looks quite appealing.
- Up move has rising volume with the corrective arm having below average volume per say. It looks more like a Bullish Wedge pattern in making.
- The potential support region is placed around 1160-1171 with multiple confluences converging i.e. 200 EMA along with 38.2% Fibonacci level.
- The recent up move blast has rested enough to continue the next leg it seems. We may target the All time high which is an important supply
area as well for good 50-60% return in the medium term.
** Price action around the support can be watched or wait for the upper trendline to break in order to enter with proper risk management and SL below the swing low.
Disclaimer: This is just for educational purpose. Investment/Trading carries its own risk of permanent capital erosion and mental drawdown as well. Do consult your financial advisor before getting into any positions.
P.S - Likes will be appreciated as well as your insights in the comment section as well. Thank you.