Paras defence is a stock from defence manufacturing sector. Stock has formed inverted head and shoulders pattern. Risky traders can enter before breakout for better risk reward. Stock will fly once the neckline is crossed. Decent stock for long term as defence sector is major beneficiary of India's Make in India program.
IEX giving closing above 100 200 EMA and breakout too. Big upside possible. Follow the targets.
GBP/JPY 1-Hour Analysis: Bearish Reversal at Fibonacci Resistance Chart Overview: This GBP/JPY 1-hour chart analysis highlights a potential bearish reversal setup at a key Fibonacci resistance level. The chart shows recent price action characterized by higher highs (HH) and higher lows (HL), suggesting an uptrend. However, there is an indication of a potential...
With the management guiding for sector leading margins and growth this stock could've potentially bottomed and now breaking into higher highs. Long at current price where the stock is breaking into higher highs.. Stoploss below AVWAP of 684. First target could be 713 and then further upwards.
Hello everyone, i hope you all will be doing good in your trading and your life as well, i have brought a large cap IT sector stock which has given Triangle Pattern breakout, and price is still sustaining above the breakout area, in yesterday's session we have seen neckline breakout, and today's price has come to retest the breakout.. A high probability trade is...
#Rain Industries : 20 Jun 2024 "Life is Simple, we make it complicated, So is Trading. Discover Simple, Yet POWERFUL IDEAS." In Play : HH : HL Summary • CMP : 170.50 • Clean Price Action with Vol favor's BULLS FOOT PRINT • Nice CONSOLIDATION of around 24 months • Trading right AROUNG VP mountains - ATH : 475 Conclusion • CMP 170.50 • Looks good for going...
Hi everyone! Today, I'd like to highlight another top altcoin: AVAX. It has found strong support at the anchored VWAP and is currently retesting a previous high area. Recently, $AVALANCHE surged to retest the previous support level from 2021, around the $65 zone, which acted as resistance. Now, it's finding support from previous highs. The VWAP is a highly...
Above 305 it can blast and give very good move. It will be 10 years long breakout then. Target will be double after it. But it should also retest or may be cup & handle pattern.
In my opinion, I am looking to sell , which is a strong Liquidity Zone and market also in Correction phase. It is not advisable to enter without confirmation from a lower TF.
Date: 20th June 2024 Time: 1:45 pm WHY BULLISH ON GNFC ? 1. On Daily TF it clearly shows and Successfully Breakout W pattern or Double Bottom Pattern with Strong Volume Green Candle. 2. On Weekly TF C&H Chart Pattern is clearly visible once its breakout with big candle with Good Volume, Long term Target on GNFC will be ~1137 Rs. 3. To support both the...
Bank Nifty Analysis Bank Nifty had a solid rally, but retraced a bit in the second half. Structurally, the retracement could be sub-wave 4. Here, the market indicates a minor correction, structurally the C leg of the 4th wave. If it finds support around the 50% or 61% Fibonacci levels, then we can expect the 5th wave bounce back. However, it should break the 38%...
Trade Pan for today: 1. Trading near make or break levels. 2. So, both side opportunities I will look for today...
Today the price has closed on the resistance level with a RSI of above 60. All this indicates the price is in good momentum. The breakout of 492 could open the higher levels of 545. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Price is consolidating in the form of symmetrical triangle. As per this pattern break out can be in any direction. Buy above 1485 with the stop loss of 1478 for the targets 1492, 1500, 1508 and 1516. Sell below 1470 with the stop loss of 1478 for the targets 1462, 1455, 1448 and 1440. Check the live market updates. Hit the like button to Rock !! Show some energy...
We have explained everything in the chart. Please refer to it. Let us know your thoughts in the comment section. Thanks, Team Wavemoku Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
One Good News Finally, Daily candle Closed Yesterday in Our Yellow Area. And Now Price is Moving Positive Till Now On 4H. Here we Have The Support And Resistance. We Have To Turn The Trend At Least on 4H time Frame. And Then Insha Allah we Will Open Some Altcoins Trades. But Dont Hurry to Open Too Early Trades on Altcoins. Becuase Better Losing Some Profit then...
As we discussed, NIFTY traded in a sideways roller coaster with huge volatility inside the provided channel. If we look at the chart now: The market is trading indecisive in a bullish zone. By the time it's in the channel, it's going to be a roller coaster. If the market breaks the channel to the downside, it may lead to a good fall till 200 EMA . Inside...
As we discussed, BANKNIFTY was in the upside channel today, breaking the resistance to the upside and giving a really good bullish momentum. If we look at the chart now: The market had a really good bull run with huge volatility, as it had huge momentum yesterday. The market is going to have the same volatility again today. The market had a really good...