Andhra Paper Clear BreakoutAn undervalued company with P/E<5. Not every low P/E are good. But Andhra paper is exceptionally good in terms of fundamentals. Working capital reduced drastically. Improved profitability and operating cashflow with stellar operating profit margin. Expected Target 880.
Can be held long term as well as it's undervalued.
Disclosure: Holding before this stellar breakout
Pivot Points
Silver sell we will see good fall 82500, 80000 , 78500 on mcxOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Gold intl and MCX sell we will see good fall 2290, 2250 tgtOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
VANRY Triangle Pattern Indicates Potential Breakout!💎💎 Paradisers, #VANRY has formed a triangle pattern and is showing compression, which could soon lead to a significant move.
💎 If #VANRYUSDT breaks above the resistance zone, we can expect a bullish move up to the next resistance levels.
💎 In the case of a pullback, we can expect a bounce from the demand zone and supportive trendline.
💎 However, if the price breaks down below the demand zone, it will invalidate the bullish signals. In that scenario, it would be better to wait for more favorable price action to develop.
ATOMUSDT: Get ready for a potential bullish breakout🚀💎 Paradisers, #ATOM can capture the liquidity of traders who entered on the breakdown of the previous low and has also formed a 'W' pattern, increasing its bullish potential.
💎 If #ATOMUSDT breaks above the resistance level, which could trigger stop losses for sellers who acted on the breakdown, we can target the next resistance levels.
💎 In the case of a pullback, we can also expect a bounce from the support level, potentially forming a triple bottom pattern. However, before entering, ensure confirmation from the candlesticks and momentum.
💎 If the price breaks down below the support level, it will invalidate the bullish structure. In that case, it's better to ignore it and wait for better price action to develop.
💎 Keep a close eye on the ARKUSDT💎 Paradisers, #ARK has formed a descending channel, and the price is potentially forming a double bottom after absorbing liquidity, which increases the bullish probability.
💎 We can expect a bounce from here due to the liquidity taken and the double bottom pattern, but we don't yet have a clear formation from the price.
💎 If the price breaks out of the descending channel and resistance level, we can target the next resistance levels.
💎 However, if the price breaks down below the demand zone, it will invalidate the bullishness. In that case, it's best to wait for better price action to develop.
Get ready for some potential fireworks with AAVEUSDT! 🎇🚀💎 Paradisers, #AAVE has taken liquidity by breaking below a previous low, which served as a demand level for a while. Now, a bullish move is possible, but we need confirmation.
💎 #AAVEUSDT may bounce from here, as it has formed a double bottom structure accompanied by a dragonfly candlestick pattern, increasing the probability of an upward move.
💎 Nonetheless, I would prefer to observe a Change of Character (CHoCH) towards a bullish market structure in lower timeframes for confirmation.
💎 If the price breaks above the resistance level, we can anticipate a bullish move from there, possibly triggering stop losses of bears who entered on the breakdown of previous lows. Additionally, there is a gap above that could potentially be filled.
💎 However, if the price breaks down below the demand zone, it will invalidate the bullish structure, and in that case, it would be best to wait for better price action to develop.
SUPRIYA BO [Weekly]A little late to track this, should have spotted this as it was near BO last week.
Anyways, the stock is at BO pivot point right now and its a large weekly base, So this can be a good entry point for large base weekly BO tracking people.
RS score is above 80 now and it has slowly creeped from 62 from last week of March to above 80. So certainly momentum is there and this BO can push ahead as large weekly bases generally has lower risk of higher overhead supply.
Will track this and comment further on the action. Cheers :)
BONK is gearing up for a potential bullish surge! 🌊💎 Paradisers, #BONK has shown a Change of Character (CHoCH) towards a bullish market structure and may capture inner range liquidity by filling the Fair Value Gap (FVG). From there, we could see a bounce from the bullish Order Block (OB).
💎 If the price breaks out above the resistance level, we can anticipate a bullish move to the next resistance levels. However, the probability of this move is lower as the price hasn't taken any liquidity yet.
💎 When the FVG fills, it can be interpreted as the price capturing inner range liquidity, and then a bounce from the bullish OB may occur. For confirmation, we'll need to see CHoCH and a Break of Structure (BOS) from that point.
💎 However, if the price breaks down the bullish OB, it's best to avoid trading #BONK and wait for better price action that aligns with a bullish market structure.
Nifty Confirm Targets for May 2024 Nifty50 Trading Plan
Nifty Importent Supports
1. 22510
2. 22350
3. 22180
4. 21800
Nifty Importent Resistance
1. 22630
2. 22780
3. 22930
4. 23000
Nifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis - 0.86 ( Bearish)
Max Pain As per Option Chain Analysis - 22800
Major Resistance as Per Nifty Open Interest Analysis - 22800 /23000
Major Support as Per Nifty Open Interest Analysis - 22500 / 22000
Long Opportunity in Nifty Trading
This week First Buying opportunity will be above 22800
Short opportunity in Nifty Trading
If nifty Sustain below 22630/22530 then try to Short nifty or buy nifty Put option Contract keep a small stop loss .
22180 is most importent level for nifty ( Nifty Pivot Point )
Silver sell given from 85000 , 5000 points profit running On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
ZEN is gearing up for a potential bullish blastoff! 🚀💎 Paradisers, #ZEN is approaching a bullish Order Block (OB) + Demand area, which is further reinforced by a supportive trendline.
💎If #ZENUSDT breaks out above the resistance level from this point, we can anticipate a bullish movement up to the next resistance levels. It would be ideal if the price forms a bullish pattern here, such as a 'W' pattern, cup and handle, or an inverse head and shoulders.
💎However, in the event of a breakdown of the bullish OB, demand area, and supportive trendline, it will be considered bearish. In this scenario, I prefer to stay out of the market, as I am not interested in engaging on the bearish side for now.
Get ready for some potential fireworks with DOGE🐕💎 Paradisers, #DOGE may experience a pullback to the Fair Value Gap (FVG) zone to capture the inner range liquidity.
💎This FVG zone, previously a resistance, has now potentially transformed into a support. This critical level of #DOGEUSDT is further bolstered by the 0.618 and 0.768 Fibonacci levels, which could facilitate a bounce. However, confirmation in the form of a Change of Character (CHoCH) and Break of Structure (BOS) towards the bullish market structure is needed.
💎Should this area break down, we might expect a rebound from the bullish Order Block (OB), but again, confirmation is necessary here as well.
💎However, if both of these levels break down without displaying any bullish signals, it will be considered bearish. In such a scenario, I would prefer to ignore it.
Waves: hold onto your surfboards🌊 💎Paradisers, #WAVES has successfully broken out of the resistive trendline and has demonstrated a Change of Character (CHoCH) and Break of Structure (BOS), signaling a shift towards a bullish market structure.
💎If #WAVESUSDT continues to exhibit CHoCH and BOS from the current area, we can expect a bullish movement. However, the likelihood of this move is lower, so caution is advised, and it would be prudent to use smaller position sizes.
💎In the event of a breakdown of minor support, a bounce from the Bullish Order Block (OB) combined with the Demand zone may occur, but confirmation is required here as well.
💎Nevertheless, if the price does not provide any confirmation and breaks down both levels, it will be considered bearish for #WAVES. In that scenario, I would prefer to disregard it and wait for more favorable conditions.
Nifty Smallcap 250 Double Top or New Bull If this index is observed, price has taken support of 23.6% Fib level of pullbacks twice after significant rise since 2020.
Currently price is near the 261.8% Fib Level (15259.65) drawn between Jan 17 '22 top to Jun 20 '22 bottom
So far price couldn't break that resistance. Feb 5th and Apr 8 in weekly chart. Last 4 days in daily chart also isn't convincing. 15444 Pivot R1 needs to be broken.
Nifty Smallcap 250 index showing bear sign
Get ready to ride the bullish wave with ONE! 🌊💎 Paradisers, #ONE is demonstrating a bullish market structure and has recently bounced off the supportive trendline.
💎For confirmation, #ONEUSDT needs to exhibit a Change of Character (CHoCH) and a Break of Structure (BOS) within the bullish market structure on lower timeframes.
💎If the price declines, we should wait until it reaches the demand zone, from where we can anticipate a bounce. For this scenario, we also require CHoCH and BOS confirmation on lower timeframes.
💎However, if there's no confirmation at these levels and the price falls below the higher low, it would be considered bearish. In that case, I would prefer to stay out of the market and wait for better price action to emerge with higher probabilities.
ADA is about to take us on a wild ride! 🎢 💎 Paradisers, #ADA has formed a 'W' pattern at the demand level, and we're currently watching for a breakout from the descending channel.
💎If #ADAUSDT shows a Break of Structure (BOS) from this juncture, We can anticipate a bullish movement. It's advisable to use smaller position sizes here and to seek strong indicators supporting a bullish trend.
💎Should there be a breakdown of this zone, Then we can expect a bounce from the strong support zone, which could offer high-probability setups—exercise caution here.
💎However, if the price doesn't display any bullish signs for confirmation and breaks down below both levels, it would be prudent to wait for more favorable price action to develop and consider the overall crypto market before making any decisions.