BTC in Bearish Parallel Chanel PatternBITCOIN 4-hr Chart Analysis
CRYPTOCAP:BTC at present moving as per Descending Channel's in Parallel Pattern with more Bearish mode, and soon be ready to break out Last Lower-High strong support of $28,300 to moving towards FWB:27K to next step of Lower-Low trends in Bitcoin Market.
This time, very big chances to break down approx. 7% to 10% soon.
Let's wait, what's the next move of market but as per my opinion, soon it will be in bearish zone.
anyway, always #DYOR and Trade wisely by using #StopLoss, It's just #NFA
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Parallelchannels
SHYAMMETLSHYAMMETL:- Wait for the breakout, if it gives breakout and sustains then we can see upside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
Parallel Channel Pattern Breakout in COROMANDELCOROMANDEL INTERNATIONAL LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Parallel channel Pattern .
✅ Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1025+.
✅Can Go Long in this stock by placing a stop loss below 960-.
Bitcoin Will Breakout $29k SoonBITCOIN 2 hr. Chart Analysis
As per present movements of CRYPTOCAP:BTC under $31.5k to $29.5k from 14 July, it will be major chances to break out this pattern into another lower barrier of FWB:29K soon and goes towards $28k up to 25-29 July as per previously given dates by myself too for another Downtrend cycle of BTC range of FWB:27K to $25k.
CRYPTOCAP:BTC also following the pattern of Bearish Parallel Channel Pattern, that's why it will be major chances to break out of this pattern, either into 25-27 July or up to 27-29 July.
Lets see, what's the next movement, and how much it goes deep in bearish mode, but market scenario and public sentiments will be again very much under Bearish mode.
Always #DYOR and Trade wisely by using #StopLoss, It's #NFA
Also,
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JUSTDIALJUSTDIAL:- The stock was running in parallel channel for a long time, now it has given a breakout of the upside trendline of that channel and is trying to sustain above the resistance, if it sustains, then you can make a plan for upside, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BITCOIN - Rectangle Parallel PatternBITCOIN 4-hr. Chart Analysis
After 21st June, #Bullish Pump from $24.7k to FWB:31K , it is moving properly from $29.8k to $30.8k in Rectangular parallel Channel from last 20 plus days and it indicates the #Bullish signal for CRYPTOCAP:BTC to next move in Upwards towards $33.5k soon up to 17-22 July and from 25-27 July it will be again in Reversal from that point towards FWB:27K last time and moves bitcoin in sideways into August.
Always #DYOR & Trade wisely by using #StopLoss
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Banknifty ( Next week contract )Banknifty ( 13/07/2023 )
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For " long "
entry: 4250
target: 45500
stoploss: 45000
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For " Short"
entry: 49950
target: 44750 / 44500
stoploss: 45250
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enter only if market Breaks " S & R Zone "
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wait for proper reversal and conformation.
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don't be aggressive.
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refer old ideas attached below.
MATIC - Bearish Signals#MATIC 4hr. Chart Analysis
As per CRYPTOCAP:MATIC movements into Ascending Parallel Channel or into Bearish Flag Pattern, it starts from 10th June. after immidaite DUMP from 78 cent to 50 cent last time, it's well moving as per chart patterns and finally cycle close down at 22-25 july with more Bearish mode, may be last time with 45-50 cents again.
Yesterday, its breakout Ascending parallel channel from the target of 70 cent to 65 cents into Bearish Flag again into 1 hr. cycle and now may be something saame happening with next cycle too.
As well. it displays into #FIBextension marks of Last Lower-Low Traget is 38-42 cents , while Cut-off reversal points are 45-48 cents this time in july.
Always #DYOR & Trade Wisely by using #StopLoss
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MATIC - Ascending Parallel ChannelMATIC 1-hr. Chart Analysis
Basically 1 hour chart Analysis for 7-10 days of projections only, in which if 3-4 days of chart performance was in perfect mode then you will be easily analyse for next 4-5 days of projections in accurate way.
As per my previous analysis of CRYPTOCAP:MATIC this cycle movements into Ascending Parallel Channel, running from 28 june and end approx. 8 july, its 80% cycle performed very well and last time i told you for breakout of 71-72 cents, while that time its price running at 64-65 cents and now at per present scenario, it is going to complete its final wave, thats Uptrend mark is 76 cents and after that it will be goes Bearish upto 65-66 cents again to complete full cycle.
As per FIB Extension marks also, its last lower is around 65-66 cents.
Lets see, whats final breakout upto 8-10 july.
Always #DYOR and Trade wisely by using #StopLoss
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Reliance case studyReliance spot cmp 2618
weekly time frame
chart pattern study
Descending parallel channel pattern fromation
As per resistance trend line of structure, counter would face resistance around 2650 levels
if we observe last 2 swing in this channel ,last time counter reversed after retracing around 78.6% of previous swing, this time 78.6% of last swing lies around 2632 levels,
RSI when ever weekly RSI touches levels of 60-61 it tends to make top and give sharp reversal.
So as per this we can say the uptrend for counter that started around 2200 levels is about to end and as per past 2 swing history counter can give a dip to lower levels,,
Bulls time to step out of party,, bears at door step.. keep watch...
Reliance inds- parallel channel- swingDon't be aggressive
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if there is possibility for bullish--
entry: 2520
target-2550-2600-2640
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If down trend starts
entry:2480
t1-2450-t2-2400
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possibility for stoploss hunting will be there.
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Don't trade in "no trade zone"
Trade carefully.
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after breaking green box mentioned,
trend will be confirmed.
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refer old ideas.
JSWENERGYJSWENERGY:- Pole and flag pattern is formed or parallel channel can also be called, wait for breakout
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
#Nifty Hourly Latest viewNifty after bottoming out in March end has been in clear uptrend with some minor pullbacks in between.
It is currently travelling in a parallel channel with a important support placed around 18190 which in last session acted as channel bottom trendline support as well as was May series avwap level.
Nifty bounced by more than 100+ points from that support.
In terms of wave marking as far as my understanding goes we may be possibility in (iii) of 5 and above 18360 we may see a momentum towards 18450 to 550 as per fibo projections.
From RSI side, yes there is a negative divergence (RSI is making HL) visible which is being talked about but at the same time RSI has not made a LL.
Same thing happened during larger wave 4, when Nifty 17850 to 17550 and eventually broke out upside.
This probably indicates that buying is emerging from lower levels and dips are being bought.
Depending upon How we see opening on Monday, as long as 18190 is safe, #Nifty may continue to move its upward journey.
Short term bullish structure / Invalidation level as I feel is only below 18030, or round number as 18K
The upside projection can be as marked on the charts as long as price continues to follow the channel and marked important levels.
Previous Nifty analysis are linked in related idea section
RAINRAIN:- The stock has given a breakout, if the stock sustains above 164.75 then we can see an upside movement
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.