Get started

Longsetup

USDJPY Adjusts, Forms New Resistance, Awaiting Signals from BOJCurrently, USDJPY is adjusting after breaking out of a downward channel, creating a new resistance zone at 145.000 and showing signs of a potential reversal. The EMA 34 and EMA 89 lines are currently above the price, acting as dynamic resistance levels and applying downward pressure. The key support zone lies around 143.500. If the price drops to this level and strong buying pressure emerges, we can expect a potential rebound from here. Traders should closely monitor price action at key support and resistance levels. Entering buy or sell positions should be based on clear price action or technical signals. On the news front: The Japanese yen stabilized on Thursday after a strong rise earlier in the week, driven by bets that the Bank of Japan will further hike interest rates this year following a series of tightening signals from BOJ officials.
by Romio_pro
1
BSHSL double channel breakout BSHSL chart is growing with double down rising channel symbol of double strong reversal Technical points 1- Double channel breakout 2- strong bottom at 180 that is support zone 3 - resistance at 220 that is supply zone 4 -breaking down rising channel at 250 5 - Any time big investors came in that share and zoomed in on life time high 665 BUY above 220 TRG 1st - 300 TRG 2nd -400 TRG 3rd - 500 final trg life time high 650 and 663 SL 180 - 148 for the short term and long term investors
NSE:BSHSLLong
by Share-Mechanic
LODHA Trade Analysis for Buy using Wyckoff methodWyckoff Story Prior to trading range we were in uptrend and then we have Stoping action and CHoCH (Change of character). Let’s assume our bias is accumulation based on CHoCH as we don’t see lot of supply in the CHoCH. Down wave Analysis We can see that the volatility of the down wave is decreasing from Phase A to Phase D, confirming the accumulation Bias. Volume Analysis We have supply decrease from Phase A to Phase C indicating supply is being absorbed. Sign of Strength we have Major sign of strength in phase D with good demand volume indicating institutions are present in buying. The Backing Up Action (BAU) has less supply indicating sellers are absent. Final View Bullish on stock
NSE:LODHALong
by ksujit08
IRCTC : Time to travel.NSE:IRCTC Good buying opportunity in IRCTC . BUYING RANGE: 650-660 ( After breakout) Case1- Good to buy after breakout of the Trend line ie. @650-660. Put Stop loss of 610. Case2- Second opportunity : if found around the Previous Demand Zone of 560-580. Put Stop Loss of 545-50 TARGETS : T1- 710 T2- 765 T3- 840 T4- 920 WHY IRCTC: 1- Breakout of long term Trendline. 2- Taking good support from the Demand zone of 560-600 3- Good Risk to Reward Ratio. Thanks for your Support. Disclaimer: This idea is only for the Educational purpose only, Kindly trade at your own Risk.
NSE:IRCTCLong
by S_Rawat