Priceaction
SWING IDEA - TIINDIATI India is poised for a promising swing opportunity, supported by a combination of breakthrough dynamics, daily strength, and weekly confirmation.
Reasons are stated below :
Broke through the crucial 3700 levels after repeated tests.
Daily Marubozu candle highlights robust buying momentum.
Consistent formation of higher highs signifies an upward trend.
A bullish engulfing candle on the weekly chart adds further confirmation.
Target - 4452
Stoploss - daily close below 3478
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LICHSGFIN Simple Price Action Analysis BullishNSE:LICHSGFIN in the past was in a severe downtrend but now it has been able to break a Lower High and make a Higher High on the chart. This is a Signal for a change of Trend.
The expectation is price will reach 587 in the near future. This is a Return on Investment of 38.44% approx.
This Stock should be Bought at every Dip and Hold for a Target of 587.
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 or even provision of additional margin in futures trading. 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, and employees are for information purposes only and under no circumstances should be used for actual trading.
BTCUSDT: Exploding increase in valueToday, the BTC is continuing to consolidate significant price increases, with the current trading price standing at $46,516 at the time of writing.
From a technical standpoint on the 4-hour chart, using the excellent tool called Fibonacci extension by Trading View based on trends, it shows that the current trend is bullish, with a relatively stable trading environment and minimal volatility.
However, there are signs indicating that the price is approaching a previously broken resistance level once again. If this happens, it could serve as a stepping stone for further price increases as the current upward trend is still intact.
BALKRISHNA INDUSTRIES - SWING TRADE - 10th January #stocksBALKRISHNA INDUSTRIES (1D TF)
Swing Trade Analysis given on 10th Jan, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Buildup at Resistance - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #balkrisind
AWHCL - SWING TRADE - 29th November #stocksAWHCL (1W TF)
Swing Trade Analysis given on 29th November, 2023 (Wednesday)
Pattern: RECTANGLE BOX BREAKOUT
- Upper Resistance Breakout - Done ✓
- Neckline Breakout - Done ✓
- Retracement + Consolidation - Done ✓
- Volume Buildup & Spike - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte #AWHCL
WHEELS INDIA - Potential Weekly breakout - Add to watchlistWHEELS INDIA, as observed in the weekly chart, is currently exhibiting a compelling technical pattern, suggesting the possibility of a significant breakout. The stock has been forming a symmetrical triangle pattern over the past several weeks, indicating a period of consolidation and tightening price movements.
Price Targets:
In the event of a confirmed breakout, traders might consider setting price targets based on the height of the triangle pattern. TARGET 1 & TARGET 2 mentioned in the chart.
GBPUSD price momentum remainsThe GBP/USD pair continues its streak of consecutive victories this week. Positive risk acceptance and the slight decline in the US Dollar are supporting the pair's price increase. The currency pair is currently trading at 1.2759, up 0.05% for the day.
In recent times, this level has been a significant resistance point for the pair. However, with the support from the upward trend and trendline, we can expect positive signals from the EMA 34 and 89 for this currency pair.
If favorable conditions persist, it is anticipated that after a small retreat to the 0.618 - 0.5 Fibonacci level, GBPUSD will gain new momentum and achieve a breakout towards the 1.28 peak.
HINDALCO : Cup and Handle BreakoutA cup & handle Breakout in conjunction with Triangle Pattern Breakout
Retest is pending for the triangle pattern breakout.
Hindalco is moving based on the support line support for long.
Waiting for a retest to enter with SL below
closing of the support TL
One can enter now as well with 50 % qty just not to miss the trend for targets of 510/550/630.
DISC: Only for educational purposes. please consult your financial advisor before entering.
HAL - SWING TRADE - 27th December #stocks#HAL (1D TF)
Swing Trade Analysis given on 27th December, 2023
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Buildup - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte