$SOL Price Analysis: $350 and $400 Targets in SightSolana has clearly retested the previous symmetrical triangle and has now formed a bullish Shark pattern. Additionally, it is consistently forming higher lows on the daily chart. The RSI has also bounced back from the oversold region, further supporting a bullish outlook. All these indicators suggest that Solana is poised for a strong upward movement. My price targets for this potential rally are $350 and $400.
Retest
$BTC Price Forecast: $75K, $85K, or $108K?Currently, I see three potential scenarios for BTC:
1. BTC is forming lower highs and may retest the previous resistance around the $108,000 level. After that, it could pull back to the $100,000 area before making a new all-time high.
2. BTC might retest the $90,000 level and then move upward. Alternatively, if it loses support at $90,000, it could drop to $85,000 before starting an upward trend.
3. In a worst-case scenario, BTC could undergo a significant correction, dropping as low as $75,000.
GHCL Analysis: Supply & Demand Zones Strategy with Breakouts In this video, we analyze the NSE:GHCL chart using the Demand and Supply Zones Lite Indicator.
Watch as I explain how to:
Identify Stage 1, Stage 2 , and consolidation phases.
Spot breakouts and understand the concept of a flush .
Use demand zones nested inside resistance-turned-support areas to plan high-probability trades.
This video is perfect for anyone looking to improve their technical analysis skills and learn how to trade using demand and supply zones.
Disclaimer: This video is for educational purposes only. Always conduct your own analysis before making trading decisions."
KAYA LTD - Symmetrical Triangle - MonthlyKAYA LTD formed Symmetrical Triangle pattern on Monthly chart.
Formed symmetrical triangle and given breakout with very huge volume and retest done .
RSI is looking good and taking support
ROCE going minus every year since last 5-7 years :(
poor sales growth since last 5 years :(
FII's and DII's has increased their holding little bit since last 2 quarter.
What will happen next quarter ? will it go sideways or downtrend will start ?
Resistance1 : 505-511
Resistance 2 : 590-600
No Entry, No Targets until positive results or news coming :)
$ETH Bullish Shark Pattern: Key Levels and Potential New ATHCRYPTOCAP:ETH has formed a bullish shark pattern, indicating a potential move towards the $3,850 level initially. Following this, there's a likelihood of a drop to around $3,550, possibly forming a double bottom before rallying to a new all-time high.
USDT.D BULLISH DIVERGENCE SET TO BLEED BTCCRYPTOCAP:USDT.D has formed a bullish divergence and a clear double bottom with proper higher lows, signaling a potential surge toward the 4% to 4.10% resistance area. This movement could lead to a significant drop in BTC and altcoins, as USDT.D and the crypto market are inversely correlated.
ETH Trendline Retest Altseason Poised to Ignite Beyond $4,100ETH has recently retested the trendline break twice, signaling a potential massive move ahead. I believe the real altseason will begin once ETH crosses $4,100. From there, it could soar to $6,000, $8,500, and even $12,000 in the coming days.
SARLAPOLY By KRS Charts27th Nov 2024 / 3:30 PM
Why SARLAPOLY ❓
1. Stock was Stuck under 80 Rs. Resistance since many Years and this year in May it broke the resistance and sustained above 80 Rs. 📈
2. Fundamentally Good company with less than 15 P/E. 💪
3. With Accumulations on Higher TFs SARLAPOLY is making Cup & Handle Pattern. ☕
4. As we discuss it already Broke 80 Rs. Range and recently it retests too on same resistance this makes my conviction strong on this 💪
5. Today giving 15 % Upside move with Strong Volume is confirmed Entry.
✅
Target is expected 145 Rs in Medium to long Term
With SL of 78 Rs 1W Closing basis.
GODREJAGROVET Breakout at 3rd attemptBelow are the some points to go through for better analysis:
1. Breakout after 3rd attempt
2. Risk Reward is almost 2.5.
3. Reversal / Retest already taken
Disclaimer:
Content shared on or through social site channels are for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
USDT.D DOUBLE BOTTOM & BULLISH DIVERGENCE , POSSIBLE RETEST 4.7%#USDT dominance ( CRYPTOCAP:USDT.D ) has formed a double bottom on the higher timeframe, aligning with another double bottom visible on the daily timeframe. The RSI is showing a clear bullish divergence, further strengthening the probability of a retest toward the 4.7% resistance area from the current 4% level. Looks bear in BTC & altcoins go short correction.
USDT.D RSI Oversold, Expected Bounce to 5%-5.5%, Bearish for BTCCRYPTOCAP:USDT.D shows signs of a potential bounce as RSI has reached oversold territory, indicating a likely move up to the 5%-5.5% area.
With #USDT.D rising, we expect #Bitcoin and altcoins to face downward pressure due to the inverse relationship between USDT dominance and the broader crypto market.
Watching for confirmation of this bounce could provide shorting opportunities in CRYPTOCAP:BTC & #crypto .
A Short Term to Long Term Investment Opportunity in Reliance IndHello Everyone, i hope you all will be doing good in your life and your trading as well. Today i have brought a stock which has formed a pull back and retest pattern in weekly chart stock name is Reliance Industry, it is most famous and most valuable company in india. Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50% shareholding in the conglomerate.
Stock is really giving good entry at this price as it has already corrected 19%, and now it is showing some strenght, There was huge volatility in market due to USA Election. Today vix has been cool almost 7% means volatility is going to reduce in market. Well if i talk about reliance i think this is giving best entry for long term investment as well as short term to medium term. For short term i already have mention the targets. But i feel it will cross these targets which i mention here and it will give 100% returns in next 2-3 years. So if anybody wants to hold this for long term can hold from these levels.
Technically and fundamentally it is very strong company there is no doubt about it. Now le't discuss about some fundaments.
Strenghts:-
Effectively using its capital to generate profit - RoCE improving in last 2 years
Growth in Net Profit with increasing Profit Margin (QoQ)
Company with Low Debt
Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
Annual Net Profits improving for last 2 years
Company with Zero Promoter Pledge
Market Cap
₹ 17,82,145 Cr.
Current Price
₹ 1,317
High / Low
₹ 1,609 / 1,149
Stock P/E
26.2
Book Value
₹ 606
Dividend Yield
0.38 %
ROCE
9.61 %
ROE
9.25 %
Face Value
₹ 10.0
Industry PE
17.9
Debt
₹ 3,57,525 Cr.
EPS
₹ 50.2
Promoter holding
50.2 %
Intrinsic Value
₹ 523
Pledged percentage
0.00 %
EVEBITDA
11.5
Change in Prom Hold
-0.09 %
Profit Var 5Yrs
12.0 %
Sales growth 5Years
9.61 %
Return over 5years
14.7 %
Debt to equity
0.44
Net profit
₹ 77,652 Cr.
ROE 5Yr
8.73 %
Profit growth
-0.59 %
Earnings yield
6.17 %
PEG Ratio
2.19
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
BITCOIN FORMED BULLISH DIVERGENCE FUELING TO 75KScenario 1: CRYPTOCAP:BTC Moves Up with Strong Volume After a Rate Cut
Bullish Divergence Support: The bullish divergence suggests that #Bitcoin is gaining strength, indicating a potential upward move.
Volume Confirmation: If BTC moves up with solid volume post-rate cut, it could break through 74k and potentially head higher. Increased volume after the rate cut could be a sign that institutional or retail investors are confident in the rally, driving prices above previous resistance levels.
Target: If this scenario plays out, BTC could surpass the 74k mark, especially if the broader market sentiment is favorable post-rate cut.
Scenario 2: BTC Reaches 73k, Then Faces Another Correction
Resistance at 73k: If BTC reaches 73k but struggles to break above it, this would indicate a strong resistance zone. A pullback could follow as the market hesitates or prepares for another consolidation phase.
Correction Potential: In this case, CRYPTOCAP:BTC may correct before attempting another rally. This could be a short-term dip that sets the stage for a more significant breakout once the market rebalances.
Target: If the price reaches 73k but can't break it, then a pullback would likely bring BTC back into a lower range for a while before making another attempt at the next breakout.
Key Factors to Watch:
1. Volume: As you noted, volume is crucial. A strong volume push above resistance (like 73k) would favor Scenario 1.
2. Macro Events: The rate cut and overall macroeconomic factors could heavily influence the market. If the rate cut signals more liquidity or favorable conditions for risk assets like Bitcoin, Scenario 1 becomes more probable.
3. Market Sentiment: The overall sentiment in both crypto and traditional markets will play a role. If broader financial markets are stable or bullish, Bitcoin could push past the resistance levels.
Ultimately, monitoring the price action around the 73k and 74k levels, as well as volume trends, will help clarify which scenario is more likely.
VERANDA - Breakout and RetestPrice breakout triangle and came back inside the triangle and it formed hammer like candle now (Weekly Timeframe). We should consider entering a trade only if a strong green candle forms in the next session. On the daily timeframe, it appears to be forming a morning star-like structure.
Swing Last in 2015 this stock given breakout but at retest level it failed and came down to 335
Then tried multiple times to give breakout at the same level of from where it falled in 2015
But this time in 2024 this green BO candel closed above the resistance line and while retesting it sustained it support line from where it falled in 2015.
When reversal came it closed above its resistance line in Day Tf also in week Tf also
BULLISH