Tecnicalanalysis
CUPID Ready for big breakoutCUPID Ready for big breakout
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#VARROC VARROC looking bullish
volumes and chart pattern indicating good sign for further movement.
Consolidation breakout from zone.
Closing above 460 will be confirmation.
Need to hold his highs selling pressure is high in upward levels.
Can reach 510- 530 targets above that next Resistance at 570 .
Keep on radar.
-Gaurav
@Vivek-
@RAKESHBANSAL
@vijaythakkar009
@ExtremeVolume
@TheBreakOut @forextidings @Vivek- @investing @Tredingview
BHEL LONG Term ProspectWelcome to the update for BHEL for long-term holding. It was in a downtrend for a long time. It finally broke the trend and is ready for another leg up. It retested successfully and is currently trading around Rs 54.90. It can show a potential rally of around 42% from here as it looks good both technically and fundamentally. The expected entry range should be between Rs 52 to Rs 56. The target is expected to reach around Rs 77+ within a few days.
This is not financial advice, please do your own research before investing and we are not responsible for any of your losses or profits.
Technical Analysis of Pacific BioSciences (PACB)Disclaimer: I own shares of PACB at the time of publishing this analysis.
The below analysis is not a trading or investment recommendation & is only for learning purpose.
1.PACB has been in a major downtrend like most other small caps & biotech stocks.
2.The stock is way below the 200DMA which sits around $25.
3.The spread between the 20DMA & 200DMA is also very wide indicating a pull back to the 200DMA.
4. The stock bottomed at $9.04 which was followed by some buying pushing the price up to $11.65 while still being under the 20DMA
5. Over the last two weeks the stock has been consolidating & with today’s huge igniting volume, the stock has seen a decisive close
above the 20DMA & formed a massive green Marubozu candle engulfing 11 other candles to it’s left.
6. Today’s price action shows a strong bullish sentiment & the first major target for the stock should be the 200DMA around $25.
7.While the stock tries to reclaim the 200DMA, it is expected to face resistance around$14, $15.5, $18-$20 (fairly strong resistance)
& $22-$24.
8. On the higher time frame charts as well, namely weekly & monthly, PACB has been forming a falling wedge pattern which
considered a bullish pattern.
9. Key areas of support would be the mid-point & low of today’s Marubozu candle, followed by the low point of the downtrend at
$9.04.
10.A close below $9.04 provides could mean further acceleration of price downwards to the next level of support in the $7.5- $8
area.
All the best!
GBPCHF (Sell Opportunity Target Range 180 Pips)Pair Name : GBPCHF
TimeFrame : 4Hrs
Direction : Short
Type : Swing
Target Range : 180 Pips
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Neat and clean chart with clear setup, no junk on chart.
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Going to Double this price.A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements.
Cipla, Pole and FlagCipla is forming a pole and flag pattern, with the price action during the last two months. A breakout from the upper end of the flag can be traded for a small target of the 52 Week high at 966 and second target with the fibonacci pivot if the trader feels comfortable. The SL can be set at 900.
Note: Please do not follow my idea blindly, analyze yourself as well. I just share my idea so that people can build upon the same. The idea I share is open to healthy criticism and feedback :)