On day chart I see the support around $2.4 On 4h TF After OP breakdown $2.9 it made another structure from up to down if OP close below swing low $2.615 so need to wait for confirmation OP has resistance around $3.25 and strong support around $2.4 this level is target for short position Time will tell
On day chart Bitcoin has soared and plunged with high volatility in range $45,8xx and $41,000 Bitcoin has important support at $40K and Supply Zone around $47K that's why Bitcoin's dropped With the last bullish candle has upper long wick, I think this is a Fake Breakout and it can create Reversal Pattern #HeadShoulders to pull Bitcoin back to $35K Wait and...
Zen Technologies Buy @ 732 Sl - 686 DCLB Target - 21% or Keep Trailing SL until hits Why to buy? Revenue 198% YoY up. Also, tested support and managed to protect it on daily, weekly and monthly chart.
#VAIBHAVGBL 488 A perfect reversal with good volume Took Support 200EMA Golden Crossover seen #technicals #StocksToBuy #stocks #StockMarkets #investing #observation #Breakout #BreakoutStock Disclaimer - All information on this page is for educationaland learning purpose only.
Another stock from pharma sector which hasn't rallied. IHNS pattern breakout above 575. Levels mentioned on chart. Good move can be seen post breakout. Please follow me if you like my analysis:)
1. Stock is penny, but chart shows strength 2. Risk to reward is 1:80 for long term 3. Only difficut part is holding period, but still worth the reward if this bull run continues for few more years 4. Small risk can be a worthwhile in such strong chart
Geojit financial has shown cup and handle breakout from trendline. We have seen similar chart in Heromotorcorp where ATH levels have been breached. We might get to see a similar story in this stock. Do check out my Hero motor corp analysis as well. If you like my analysis, please like it and follow me for more such trading ideas.
Pharma sector stocks have given a good bullish momentum in the past few months. If we analyze the pharma sector, we can see a bounce from strong trendline with higher high, higher low formation. Keep pharma stocks like Dr. Reddy, Sun pharma, etc. in your watchlist as we might see ATH levels in this stocks soon!
1. Set up: Breakout & retest 2. 1:9+ RR trade 3. Breakout candle low is protected
NSE: NATIONALUM is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 11%...
1. Trend - bullish 2. Stop loss hunt before upside move 3. Good strength in the candle if close at day's high
1. Trend bullish 2. Price trading at support 3. SL wait for 2 weeks closing below the 507 levels 4. RR lucrative from 1:8 to 1:22+
The stock had been in a noticeable downtrend pattern, characterized by a series of lower highs. However, in a recent development, the price managed to break above the resistance line formed by connecting these lower highs. This break has resulted in a significant shift in the market dynamics. The area where the price successfully breached the resistance line has...
For the last 12 months, the index has been moving in a parallel channel. This time came to the lower levels. Today gave a bounce back from the desired level. If momentum continues, the first target should be 33600. Setup fails if breaches the lower levels of the parallel channel. It is only for learning and sharing purposes, not a bit of trading advice in any...
Good Morning Traders, Nifty is trading at crucial support zone 19720-19620, if this levels get sustained then minor bounce back is possible. Well if nifty start trading above and sustained 19800 levels, then short covering is possible, as highest call writing seen at 19800 levels. Well guy's trade with carefully as market is highly volatile these days. Some...
1. Trend - Bullish 2. Trend Reversal - Probable Double Bottom 3. Early Entry - Before break of neck line 4. TSL can be Aggressive SL for aggressive traders else 34029 level would be a proper room to cover up the volatility
Stock is recovery face . One can take early entry bcoz I think it may give sipke as u can see volume contraction. Safe trader can wait for healthy green candle. It's for education only.
Hey Pivster's ★ Found out one interesting query in a public forum and thought to provide the explanation through a chart so that it can be documented for reference in future. Chart is actually self-explanatory as marked and constructed accordingly 🫶 ◉ Query: "During uptrends prices make lower highs whereas RSI makes lower lows..this is called positive...