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Resistancebroken

Fin Cables- A Good Setup in Weak MarketHi All, The benchmark index (NIFTY50) has become somewhat weak now or to put it better we can say that the power of bulls is now being challenged by the bears. In this phase the trader needs to become really cautious and find some really good setups where the R:R should be given highest priority. Above is the weekly chart of one such setup. Finolex cables gave a trend reversal signal and now the stock price is aiming towards its ATH price level. It has given a good clear breakout along with volumes ( also note the volume breakout in May) while the benchmark is falling. This fact makes this setup strong. While currently the R:R is not favorable. I would wait for a pullback towards the green line which should now act as a support and any reversal signs after testing the green line would mark my entry into this scrip with 1st target at the red line. I would request to whomsoever watches this idea, give sometime to this setup, mark your own entry/exit strategies before executing this trade. Remember, a failed plan is far more rewarding than a successful guess. You can comment/message, any feedback/suggestions/applause. Like I always say, let's learn and earn together :)
NSE:FINCABLESLong
by Ankit_Oberoi
PYR-USDTVulcanForged is one of the fastest-growing blockchain gaming platforms. There are 8 games present under a single roof. They also have recently launched an NFT marketplace and a DEX for the smooth transaction of in-built assets and partner project tokens. All this ecosystem is run by the native token of Vulcan Forged i.e. PYR. This makes the PYR token undervalued and can be considered as the Hidden gem of the crypto ecosystem.AT the time of writing this, PYR has gained by more than 4% is trading at $2.88. As per the Daily TF, the overall trend of PYR-USDT is looking bullish as it is sustaining above its major and minor DEMA’s. The Daily MACD is also in the green territory which mildly depicts that buying strength can continue in the coming days. On the smaller TF(4 Hr), PYR has been trading in a horizontal channel pattern for the last 3 weeks. But, it seems it is ready to break out from its channel resistance. Currently, it is facing resistance from the middle band of the channel which is placed at $2.95, once we get a decisive breakout from this level, the next potential target is $3.50 followed by the next resistance at $4.50. On the downside, the nearest support is present at $2.75 followed by the next support at $2.50. It is not likely that PYR will test these support levels again, however, if it enters this range, this would be a golden opportunity to accumulate.
Long
by TradeDog-Research