Why Bitcoin Can't Grow? $40K Possible? MA200 Resistance Expl... Bitcoin is trying to move ahead once more and strong resistance is waiting at the $35,000 price level.
On this chart, we can see this level marked by the MA200 black line.
Looking back (zooming out)...
Here you can see how the MA200 indicator matches where Bitcoin is facing resistance each time it tries to move higher.
If this level can be conquered, we can expect to see Bitcoin at $40,000 and beyond.
Below MA200, we test the low at $30,000 or even lower but there was strong buying in this area... We have to wait and see how it goes.
Namaste.
Search in ideas for "Zoom"
Midhani - 1yr Inverted Head and Shoulder Pattern Metals are zooming already. This has shown some volume activity last week.
Watch out for follow up volumes and strong daily closings.
SL: Sell below Breakout Candle.
TGT: Breakdown of 20MA on Hourly chart (on a daily close basis)
BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Sun TV – Trending Fan Pattern, Resistance breakout above 558Technically Stock has habit creating Trending Fan pattern same can be seen in Monthly (Black Lines), Weekly (Red Lines) as well as Daily Charts (Green Lines).
This Time Stock gave Bullish Trending Fan Breakout around 470 levels, mostly due to Exit polls of TN election where DMK is expected to win.
On weekly Chart a Small Resistance is seen around 558, crossing same 2 year accumulation will get over and stock should start zooming in Short Span of Time.
Entry – CMP
Stop loss - 470 (515 after price runs up)
Target 1- 745
Target 2 – 985
Duration - 6 months to 1year (since target is huge)
All numbers are weekly based
Bussiness model: Running TV channels for South India
Dividend yeild 4.81%
Promotor holds 75% stock
0 debt company, (Debt free from last 10 years)
Profit continuously growing with good cash flow statement
Disc. : Views Shared for Education Purpose only. Consult your Financial Advisor before taking any position.
PRAKASH INDUSTRIES: Multi Year Resistance BO on Cards! ⚡See the multiple places after zooming, how the stock has this major resistance since 2007. Right now we are having intense volumes and big bullish candles. Recently, also it has bumped onto it multiple times. I expect this time it cleared and will shine.
BEARISH GARTLEY IN HDFC.CAUTION .OVERALL BULLISH.HDFC IS BULLISH ON HIGHER TIME FRAME ie DAILY AND WEEKLY
TARGET FOR THIS IS AT AROUND 2460 LEVELS
SL FOR THIS WILL BE 2250 LEVELS
ENTRY ONLY IF CROSSES 2340 PRECISELY
BEARISH GARTLEY
ON LOWER TIME FRAMES ie.1 hr
PROPER BEARISH GARTLEY PATTERN IS FORIMING IN 1 HR TIME FRAME, THOUGH THE OVERALL TREND IS BULLISH IN HDFC .IT CAN RETEST THE LEVELS OF 2250 BEFORE ZOOMING AGAIN, to the levels discussed above
(we have opportunity to go short before going long )
IF IT RESISTS AT 2320 LEVELS WE CAN SHORT THIS COUNTER AT 2300 FOR 40 ODD POINTS ,TARGET 2260 .
IF IT TAKES SUPPORT AT THIS LEVELS AND BOUNCE BACK WE CAN ENTER AT 2340 FOR 2460 DISCUSSED ABOVE
ABOVE VIEWS EXPRESSED ARE FOR EDUCATIONAL PURPOSE ONLY.
Bharti Airtel breaking Reverse Head & Shoulder Pattern today!!Today Bharti Airtel has broken out of the Reverse Head & Shoulders pattern with volume and is moving up towards it's target of 600+
One may go long with a stop loss of just under 474.
The first target is 560 where it may consolidate a little before zooming to 600+
Cheers!!
ICICIGI, BREAKOUT AFTER 1 YEAR & ZOOMING AT ATH (CHART# 376)ICICIGI has managed to break its ATH with good volumes today and looks good candidate for short term with 1400-1390 was support zone.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
NIFTY MULTI DIMENSIONAL VIEW (4TH POST , 13/09/2019)Its a day chart as all 15 mins predictions are done (Refer to my previous posts on Nifty).On FB ARC its has just retraced today from 0.618 Level. I always insist on ARC because it well adjusted with the Space and time ie. The support and resistance(Price levels) changes with the time and that's really Important.
Coming to the chart It has just touched 0.618 today (after publishing may be it wont look so please adjust zooming in-out or adjust the price bar for a clear look).As everyone is bearish on Hourly charts they are right to a very great extent with a target of 10850 Level with in nearly next 3 sessions.
But in my previous post I have insisted many times not get into any longer duration buy or short position on 13th Sept because there are few reasons to it. When the trend is nearly around 30 degree or less from the prior low of the bigger downtrend low, generally breakout occurs. There are many time zones laying here.
Its not a failure that you are doubtful about the short term movement.But its definitely a intelligent decision when you know that you don't know and avoid taking position. So from my side today no time predictions for any reversal.(Refer to my previous posts on NIFTY MULTI DIMENSIONAL VIEW)
Trading Advice : Short position may be initiated with the high of the previous candle.
(Dotted lines are the predicted time for reversal of trend, where 0 & 1 is user defined and the above numbers are predicted referring a particular wave.)
GBPUSD Short @ Market 1.2835Cable has resumed its downtrend and can test recent cycle lows.
As we said in our Market Movers comments yesterday, Brexit discord (and high uncertainty) both within the UK and between the EU and the UK continues to keep sterling soft. Poor manufacturing data yesterday morning - the lowest PMI reading in more than two years - has also not helped.
Technically, the long-term downtrend is well both well established and well known! Recently we saw cable bounce off its lows and form an ascending channel. However, prices have broken out of this channel today and have also importantly failed to keep above the July low around 1.2957.
Zooming into the hourly chart we can see bearish momentum has broken yesterday's lows. This has triggered our sell signal. Place your stop above recent consolidation at 1.2895 and a limit order at this month's lows at 1.2665.
HAL - Long above 3477"History repeats itself"
HAL is currently on various support levels, it should be getting good support around 3477-3520 levels, thats where the stock zoomed last year, if we follow the last year movement we should getting some clue that this area where mostly the stock trend heavily, most of the investors should have investing into this stock, hence the stock has less possibility of falling further.
As long as zone mentioned hold above 3477, you can initiate the long position in HAL, and follow the targets mentioned in the red line that should let you know the targets of HAL.
For the kind information, we don't use the recent data for getting the stock short-listed, we use old data and we do the analysis before we publish anything to the audience.
Always believe "History will repeat, if it given the chance once again" .... Here is the chance for HAL, can you can enjoy the result like which happened last year.
Cheers again.
CAPACITE Long Base BO [Monthly]CAPACITE is a name I have been tracking for a couple of weeks now and its looking good on all 3 i.e. Daily, Weekly and Monthly Charts.
Wanted to show the long monthly base so zoomed out for a monthly chart here.
Unfortunately won't be able to comment about Relative Strength scores as this scrip is not part of 750 Stock universe I track on google sheets. But following points might be good to know :
Market Cap / Revenue is ~1.5 so it doesn't look overly valued
YoY Sales and Earnings both have increased, although increment is less than 10%, so won't be overly joyous on that
QoQ performance is something I really like 32% sales growth June 2024 vs Jun 2023 & 100%+ earnings growth in the same June 2024 vs June 2023 timeframe. This is generally the catalyst I feel is required
FIIs have increased stake in this from 11.1% in March 2024 to 14.4% in June 2024. So we can attribute huge volumes and run up we have seen to FII buying.
All in all, it seems a setup I'll try to get in at. Will keep the comments updated as to what my thoughts are on this ahead.
BITCOIN: Elliott Wave & ChannelGreetings, everyone.😉
I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" .
✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag"
✔️ Current wave in development: Y-c-3
✔️ Projected upward range: 93K ~ 101K
The rationale behind this analysis is as follows:
Zigzag patterns typically move within a parallel channel.
The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel.
As a result, the likelihood of a complex correction occurring is considerably high.
Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles.
Wishing you all the best of luck🍀
This is not a buy or sell recommendation.
It is a personal perspective and should be used for reference only.
All decisions and responsibilities lie with you.
Did you Ride the Medplus Momentum?September 4, 2024
On Sep 2, 2024, we had posted our analysis of a short-term uptrend in Medplus. Here is the chart we initially published
As anticipated by us, Medplus breached the 50%, 61.8% and 78.6% Fib levels in just 2 trading days.
From Rs. 685, the stock zoomed to Rs. 729, giving around 6.4% returns.
We alerted you right before Medplus took off.
Follow our Ideas to stay ahead of the game and find out stocks that will skyrocket soon!
Share the name of the stock you're interested in, and we'll be more than happy to conduct a thorough analysis for you.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
BSHSL double channel breakout BSHSL chart is growing with double down rising channel symbol of double strong reversal
Technical points
1- Double channel breakout
2- strong bottom at 180 that is support zone
3 - resistance at 220 that is supply zone
4 -breaking down rising channel at 250
5 - Any time big investors came in that share and zoomed in on life time high 665
BUY above 220
TRG 1st - 300
TRG 2nd -400
TRG 3rd - 500
final trg life time high 650 and 663
SL 180 - 148 for the short term and long term investors