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"ORDI/USDT Long Setup - Triangle Breakout with Clear Risk-RewardORDI is displaying a bullish breakout pattern from a descending triangle, indicating potential for upward momentum. After breaking out of the resistance zone near $41.6, it appears to be consolidating for another leg up.
Descending triangle broke upwards, signaling bullish sentiment.
A smaller symmetrical triangle is forming near the breakout zone, suggesting accumulation.
Keylevels-
Resistance: $41.6 (previous breakout level).
Support: $37.6 (key level for risk management).
Technical indicators
Bullish momentum evident as price makes higher lows.
Volume analysis suggests increased interest on breakout candles.
Trade plan
Entry: Buy near $39.6, at the lower boundary of the symmetrical triangle.
Profit Target: $48, based on the measured move of the descending triangle breakout.
Stop Loss: $37.6, below the recent swing low.
Gold positional short upto 7th december 72000As the trending up channel has been broken with SL of 2686 one can go short on every up
Best short at 2661 2653 and risky traders can short at 2643 for the target of $2500
Yes there is support at 2589 but partial profit can be booked there with revised SL of 2619
Silver bullishWith strict stoploss below cyan colour line
Go long with target 1 and 2 ahown by green lines.
Bullish on bitcoin Bitcoin, is making correction right now, so next support area at 93,111$, so keep an eye on the zone likely to take reversal from the support, liquidity zone is approaching after that if it's show some bullish strength then rally will continue, or otherwise it will go sideways, no bad news come in market so we can expect a rally, do your own research before trade, and manage risk
PITTIENG - Good Breakout stockSuperb Price action
Price inching up daily with good volume support.
Long consolidation + BO with vol = $
AUD NZD Analysis Hello Traders and welcome again.
Here In AUD NZD Pair 1D candle sweep buy side liquidity and market change their structure also price created lots of liquidity and there is also smart money trap I think Market will tap extreme order flow and then it will start falling 📉
Let's see what happens next
Make sure to follow us.
AUD NZD Analysis Hello Traders and welcome again.
Here In AUD NZD Pair 1D candle sweep buy side liquidity and market change their structure also price created lots of liquidity and there is also smart money trap I think Market will tap extreme order flow and then it will start falling 📉
Let's see what happens next
Make sure to follow us.
Current market structure of NaukriAfter a good uptrend followed by a tough downward pressure, the overall structure seems to have started improving.
The tough downward pressure in the foregone period saw lower highs and lower bottoms, but when it was declining the bottoms weren’t falling as much as the tops had been falling. This is a good sign, and the making of a strong base before a good uptrend starts.
Infoedge set for a good upsideThe stock has successfully passed the resistance region it faced in sept-oct 2021.
The price has started rising above the 20 and 50 SMA, with good volumes.
OBSERVATIONS SINCE 2018 indicate that
Each time the stock is going up, with consolidation stoppages of around 30 to 120 days, and then when it is able to cross the previous resistance levels (often after a retest within a month or less) - it sees a good uptrend. NSE:NAUKRI
ISEC - Price is near breakoutThis stock form triangle pattern from September 2024 in day time frame. This camer near breakout and bock wick formed over resistance. We can wait for tomorrow confirmation and then decide about entry or wait.
PRAKASH - Support and Engulfing CandlePrice consolidate since October 2023 and it formed engulfing like candle previous month. Our first target will be 200 and we can wait until it reach upper resistance line (Yellow color) after partial booking.
WOCKPHARMA - Great Triangle BreakoutPrice consolidate inside Triangle structure since 2012 and it breakout with good green candle previous week.
Dishman Carbo amcis LTD Dishman Carbo amcis LTD manufactures and supplies marketable molecules such as specialty chemicals, vitamins & chemicals and disinfectants with presence in Switzerland, UK, Europe, China and other countries.
Breakout and retested
1. Entry at 228
2. Target - 269
3. Stoploss - 220
The Runway Train - CautionCoforge is a large CAP IT stock and historically has demand PE in 33-40 range. but at this stage the PE is 72. the sales are rising and price is also at all time high.
Can stock justify such an high valuation? may be yes? if something is known to buyers about the company that is not public.
Caution till we get clarity.......
The flag pattern The flag pattern is used to identify the possible continuation of a previous trend from a point at which price has drifted against that same trend. Should the trend resume, the price increase could be rapid, making the timing of a trade advantageous by noticing the flag pattern.
Key Takeaways
A flag pattern, in technical analysis, is a price chart characterized by a sharp countertrend (the flag) succeeding a short-lived trend (the flag pole).
Flag patterns are accompanied by representative volume indicators as well as price action.
Flag patterns signify trend reversals or breakouts after a period of consolidation.
NIFTY- Intraday Levels - 26th November 2024If NIFTY sustain above 24240 then 24359 to 24401 above this bullish day close above this can be consider bullish.
If NIFTY sustain below 24166 below this bearish then 24086 below this more bearish day closing below 24000 can be considered bearish
Consider some buffer points in above levels.
Please do your due diligence before trading or investment.
**Disclaimer -
I am not a SEBI registered analyst or advisor. I does not represent or endorse the accuracy or reliability of any information, conversation, or content. Stock trading is inherently risky and the users agree to assume complete and full responsibility for the outcomes of all trading decisions that they make, including but not limited to loss of capital. None of these communications should be construed as an offer to buy or sell securities, nor advice to do so. The users understands and acknowledges that there is a very high risk involved in trading securities. By using this information, the user agrees that use of this information is entirely at their own risk.
Thank you.
All time high NiftyIT has crossed life time high after 3 years of consolidation and it is poised for higher and more higher.
SHANTHI GEAR - TRENDLINE RESISTANCEShanthi Gear is at a good support, faced Resistance at Trendline 5 times, there is probability of a reversal if it gives a Breakout of the Trendline.
For learning and educational purposes only, not a trading advice. Pls consult your financial advisor before investing.
Siemens cmp 7348.50 by Daily Chart view*Siemens cmp 7348.50 by Daily Chart view*
- Volumes surged today by demand based buying
- Price Band 7150 to 7250 is now a Support Zone earlier Resistance Zone
- Old Gap Up Opening of 15-May-2024 Filled In multiple times by Resistance Zone Breakout
- Weekly basis Support at 7005 > 6675 > 6335 with the Resistance at 7600 > 7915 > ATH 8129.90
- Multiple Bullish Rounding Bottoms done with the neckline at Support Zone earlier Resistance Zone
- Stock Price respecting the Rising Support Trendline and sustaining over the Falling Resistance Trendline
PRE MARKET ANALYSIS OF NIFTY FOR 26 NOV 202426 NOV 2024
WORLD MARKETS
1. world Markets are up and looking bullish.
INDIA VIX AND GIFT NIFTY
1. India VIX is down 5 %. Indicating reduction in volatility.
GIFT NIFTY is indicating a 40 points down tick at 24180.
INDEX HEAVY WEIGHTS
1. HDFC Bank is above all time high. However it will consolidate here before taking off.
2. ICICI Bank is trading above 1300. It has a target of 1325.
3. Reliance is turning bullish. Any open above 1310 will be bullish.
TRADING PLAN
1. NIFTY OPEN BETWEEN 24280 - 24162: No trade.
2.NIFTY OPEN ABOVE 24280: Wait for a consolidation and move above 24350 decisively.
3.NIFTY OPEN BELOW 24160: Wait for a consolidation and break below 24100 decisively.
DISCLAIMER
1. I AM NOT A SEBI REGISTERED TRADER. THIS INFORMATION IS FOR EDUCATIONAL PURPOSES ONLY. PLEASE CONSULT YOUR REGSITERED FINANCIAL ANALYST FOR ANY TRADE RELATED QUERY. THE AUTHOR OF THIS ARTICLE HOLDS NO LIABILITY FOR ANY TRADE TAKEN BY THE READER.
