Ascending Triangle Breakout Setup RSI above 70 and rising Trading above EMA50 Volume accumulation Testing ATH 14+ months of consolidation Enter after confirmation Disc: for study, not a recommendation
Last 5 trading days Stock price surged almost 29% Increase in FII's & DII's Stakes
NEIROETH give me 105% of movement yesterday and more are pending #neiroeth
BANKNIFTY Intraday Levels for 14/10/2024 Here are the BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. The SL (Stop loss) for each trade should be there. Note: This idea and these levels are only for learning and educational purpose. Your likes /boosts gives us motivation for continued leaning and...
Ashok Leyland is showing strength near its major support range of 212-220, and the daily chart suggests potential upside targets at 243.27 and 258.10. These targets could be achieved within the week, supported by several technical indicators pointing towards a bullish reversal. Long-term RSI levels are all above the critical 50 mark, indicating positive momentum,...
KIRLPNU - Horizontal Range Breakout Rally and Consolidation: The stock initially had a significant uptrend (seen in April-May), followed by a sideways correction with lower highs and higher lows. This consolidation took the form of a descending channel (marked by red arrows at the highs and green arrows at the lows), which lasted for about four months from June...
As per the daily chart, Jubilant Foodworks is approaching a major support range between 600 - 610, providing a potential entry point for traders. The stock shows upside possibilities with targets of 640, 660, or even 679, which could be achieved within the coming week. From a technical standpoint, the Long Period RSI stands at 42, while the RSI 56 is hovering...
Bullish Pennant Breakout Setup RSI above 65 and rising Trading above EMA50 Volume spurt 9+ months of consolidation Stock may retest, wait for the bounce Disc: for study, not a recommendation
• Current Price: The stock is trading at ₹4,149.20, down by 1.85%. • Key Levels: • TP01 (Take Profit 1): ₹4,259.30 – a potential profit-taking level. • TP02 (Take Profit 2): ₹4,604.05 – a higher profit target, suggesting strong bullish momentum if this level is reached. • Entry: ₹3,777.16 – an ideal level for entering the trade, as indicated by the...
In the current EUR/USD chart, the downtrend is clearly in the downtrend channel and the price is continuously below the 34 and 89 EMAs, indicating strong selling pressure. The euro has recently failed to overcome the resistance at 1.0960, which reinforces the downtrend. If the support at 1.0930 is broken, I expect the price to continue falling, aiming for 1.0900 or lower.
The current gold price chart is showing some pretty positive signs from my perspective. After a period of stable trading, the price started to move up sharply, breaking above both the 34 EMA and 89 EMA, which is usually a sign of a new uptrend. This is further reinforced by the current price path, where the price is still holding above these moving averages,...
Study purpose only Est of Monthly 25% with SL of 5% Per week @5% Channel Support is as per expectation
CMP 599 on 12.10.24 A Pole and Flag pattern-like formation is in progress on the chart. But a trade setup should be backed by other parameters too. The range of 550-580 has been acting as a good support zone for a long time. This time, it reversed from the zone again—a good time for a buy setup with a favorable risk-reward ratio. Immediate targets seem 670, 710,...
The double top is a bearish reversal pattern that appears on a chart when the price of an asset reaches a high point twice with a moderate decline between the two highs1 . It looks like the letter "M" and signals that the asset might be losing its upward momentum2 . Here's how to identify and interpret a double top pattern: Two High Points: The price reaches a...
A trendline breakout is a powerful signal in technical analysis1 . It occurs when the price of an asset moves beyond a trendline that has been acting as a support or resistance level2 . This can indicate a potential continuation of the trend or a reversal, depending on the context. Here are some key points to consider when analyzing a trendline...
Bitcoin Cash (BCH) has been gaining attention as a potential investment opportunity1 . It aims to address some of Bitcoin's scalability issues, offering faster and cheaper transactions1 . However, investing in cryptocurrencies can be highly volatile and risky. Before making any investment decisions, it's crucial to do thorough research and consider factors like...
Symmetrical patterns, like the symmetrical triangle, show a period of consolidation that could break out in either direction. The market's waiting for news, or it's figuring out its next move. What stock, commodity, or asset are you watching right now
Symmetrical patterns, like the symmetrical triangle, show a period of consolidation that could break out in either direction. The market's waiting for news, or it's figuring out its next move. What stock, commodity, or asset are you watching right now