Get started

Priceaction

DYDXUSDT Long Setup: Targeting Key LevelsWe're examining the DYDXUSDT pair for a potential long position, guided by technical analysis on the daily chart. The price action has settled into a consolidation pattern, making a strong base around the 2.979 entry point. This area has acted as a springboard, sending price action upwards with increasing momentum, as indicated by the recent green candles. The Relative Strength Index (RSI) is currently at 60.59, which is neither overbought nor oversold, suggesting that there is room for upward movement before the market becomes overheated. This is supported by the RSI Divergence Indicator, which is not showing any signs of bearish divergence at this point, implying that the current bullish momentum has the potential to continue. Our first profit target (TP1) is set at 3.420, which is in line with previous resistance levels that could now serve as a new support in the uptrend. The second profit target (TP2) is at 3.984, just below the significant psychological level of 4.0 and aligns with prior peaks where the price has shown considerable reactions in the past. For risk management, a stop loss would be wisely placed below the recent consolidation zone to protect against any unexpected downturns. This strategic placement allows for normal price fluctuations without being stopped out prematurely. In essence, this trade idea is built on the premise of a strong support base, continuous bullish momentum, and the absence of overbought conditions, presenting a compelling case for a long position on DYDXUSDT.
Long
by Zerotic_
IDEA | LONG | SWING | NSE:INDIA | ANALYSISDisclosure : I am not SEBI registered. The information provided here is for education purposes only. I will not be responsible for any of your profit/loss with this channel suggestions. Consult your financial advisor before taking any decisions. Buy if: Follows current price action movements with Volume support Respects Triangle pattern formation RSI breakout Good Volume on price breakout the trendline Took support on 50 EMA Exit if: Sudden down spike with heavy unexpected volume Breaks 50 EMA Touches my Stop Loss
NSE:IDEALong
by Vasukipriya
1
GOODYEAR | Daily Chart | Golden ratio pullbackChart analysis: Pattern: Symmetric triangle pattern BO happened and re-testing of BO is happening. Breakout: BO of 1.5 years trend line and support is taken at 0.618 which is Golden Ratio . Volume: Volume action is clearly visible near breakout zone. Trade setup: Entry price: Close of 1400 price break candle. Stop loss: Below 1320. Target 1: 1512.5 Target 2: 1623.8 Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
BSE:GOODYEARLong
by SanjogY
Simple Price Action Analysis - LongSince August 2021 the price of NSE:VISAKAIND has only come down and created a reverse "N" like shape on the chart. This is a Bullish Pattern and should take the price up and make a Higher High. As it is a dividend-paying stock hence an investment can be made from cmp, with the first target of Rs 132.80/-, a second Target of 174.65/-, and a final target of 299.45/-. For any drawdown, the "Buy on Dips" strategy can be used and the stock should be held for long-term investment. Disclaimer: Stock trading is inherently risky and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
NSE:VISAKAINDLong
by Prosenjit
HDFC Life Insurance simple price action analysisAs per Price Action theory, we have 3 reasons to buy NSE:HDFCLIFE for Long Term. 1. In HTF price is Creating HHs and HLs, that is a confirmation of an uptrend. 2. Channel Formation. 3. LTF trend change signal formed due to the break of an LH and an HH formation. The expectation is price will at least go up to 1136/-, which is approx. 91.99% Return on Investment from CMP. Disclaimer: Stock trading is inherently risky and you agree to assume full responsibility for the outcomes of all trading decisions that you make, including but not limited to loss of capital. None of the stock trading calls made by Prosenjit should be construed as an offer to buy or sell securities, nor advice to do so. All comments and posts made by Prosenjit are for information purposes only and under no circumstances should be used for actual trading.
NSE:HDFCLIFELong
by priceissupreme
3