IRCON Stock Analysis: Positive Breakout Detected in Chart Technical analysis of IRCON indicates a bullish trend: the price is rising alongside increasing trading volumes, nearing its one-year high, and displaying a robust uptrend. Additionally, recent signals suggest a bullish reversal, with the Awesome Oscillator trending upwards. This suggests a strong bullish sentiment in the market. Entry is recommended in the range of 250-253, with targets set at 269 and 289.
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Hindalco Weekly Chart - Cup and Handel BreakoutOn a weekly chart price has given a breakout of the cup and handle pattern at 618 level. At currency juncture price is trading at 648 level. Momentum oscillator RSI has given positive crossover.
If price respect the level of 618 price can rally towards 780 level.
Nifty is on the way to fill the gap?The Nifty is making new highs on the weekly chart, but it seems momentum is being lost, since the RSI is not moving in the price direction. A Bearish divergence is visible on the charts. Further, there is a 220-point gap between 20510 and 20290. This region also coincides with 50 EMA. If Nifty breaks from its current support region of 21850–21530, it is likely to fall further to 20290 levels.
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GOLD IN BUYGOLD/USD March FINAL WEEK PLAN...
In GOLD-USD Friday (22-03-2024) Market reaches our 2nd sell target of 2160...
Which is buy correction zone(BUY FLIP ZONE)...
EXTREM BUY ZONE IS still there 2152-2146
I am looking for buy because of below mentioned points:
1.Before reaching 2160 market forms buy liquidity(BUYING PATTERN) in FAIR GAP Area
2.In 30M Awesome Oscillator indicates upside distribution even market comes down...
3.In 15M-50% Buy confirmation we got...
4.In DAY TF i am expecting 2258-2300 is 1st Pull back zone(only my opinion not confirms yet)
Here we got 3 entry zones with 3 different entry method...
1.Intraday Setup-- use 1% RISK of your capital in every entry
we have 3 intraday setup
(_a_).15M Gives only 50% confirmation for BUY REWARD---1:20 Ratio
BUY limit @2160
SL 2156
TP 2185
TP 2206
TP 2211
(_b_).5M mid range entry(if confirms get we will updates here then entry this)BUY
REWARD--1:22 Ratio
BUY limit @2153
SL 2149.4
TP 2185
TP 2206
TP 2211
(_c_).30M Extreme entry zone previous BUY LIQUIDITY zone...
Also PULL BACK AREA...In 2146 is trend line passing point...
you can place order without confirmation... REWARD--1:24 Ratio
BUY limit @2149
SL 2144
TP 2185
TP 2206
TP 2211
2.Mid Risk Setup-- use 4to5% RISK of your capital.... REWARD--1:8-1:10 Ratio
USE 2 Layers 5 Orders Strategy
BUY LIMIT @2153-2149
SL 2144
TP 2185
TP 2206
TP 2221
Once Market HIT 2149...SET 2153 as a Target BE(close @entry)
3.Swing setup-- Need higher capital.... REWARD--1:7-1:8-1:10 Ratio
USE 3 Layers 5 Orders Strategy
BUY LIMIT @2160-2153-2149
SL 2144
TP 2185
TP 2206
TP 2221
TP 2270
Once Market HIT 2149...SET 2160 as a Target BE(close @entry)
IF MARKET TREND CHANGE... OVER ALL SELL STOP 2143..use x2 lot size which total lot size you use in above buy limit orders ( Targets & SL will updates later)
or
Don't use sell stop wait for next recovery update...
All The Best...
NOTES:EDUCATION PURPOSE ONLY
HDFC AMC Ltd Cmp 3875 Rectangle BO & Rounding Pattern BOHDFC AMC Ltd Cmp 3875 dated 16-2-2024
Weekly Chart (Investment Idea)
1. Rounding Pattern BO @ 3880
2. Rectangle Consolidation BO @ 3880
Buy above 3880 & dips till 3700 tgt 4000-4200-4400-4600-4800-5000-5200 SL 3550
Pattern Target is 6000 SL 3300
CPRX Long TradeFirst time trading this strategy on Stocks. Price recently reached the bottom of a Channel. I spotted a possible Hidden Divergence on the MACD. Price also recently rejected off the LuxAlgo False Breakout Zone (Highlighted Blue). 3 signs of a possible reversal, Momentum is also headed upward on the MACD. Stop Loss is set at 13.10. I plan on holding this until it reaches the top of the channel.
EUR/AUD SHORT I waited patiently for Price to Reach the Top of the Trend Line Channel. Once it reached the top i realized the Highs on the MACD were higher than the Last Swing High (Hidden Divergence). Momentum started pushing towards the Down Side. I placed a Sell Stop at 1.65074 and set the Stop Loss at the bottom of the last Demand Zone.