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GALA Triangle Pattern: Bullish Divergence Sparks Upside Soon!💎 Paradisers, let's zoom into GALA/USDT. The daily chart is sketching out a triangle pattern, and there's a bullish divergence hinting from the MACD. However, based on past observations, we might witness a consolidation phase that could last days or even weeks.
💎 For a solid bullish signal, keep an eye out for a break above the triangle pattern's resistance trendline. Post-consolidation, a surge past the 0.02881 resistance (also a previous lower high) would be our green light. If this happen, we're setting our sights on potential climbs to resistance markers at 0.03313, followed by 0.03857 and possibly even 0.04782.
💎Stay informed and navigate wisely, ParadiseSquad!
Ambuja cement to take long entryLong Ambuja above 450 for the target level of 482-500. All important levels have been marked on the charts. The logic behind the trade:
1) Stock price rising from the lower channel. Bullish candles have been seen from the support of the channel.
2)Entry after the BO of 50 EMA level.
3) Support taking from 200 EMA level.
Also, volume & RSI divergence will lead to a High probability that the stock will bounce back.
This is for your educational purpose only.
Read or Regret - Head and Shoulders Pattern Alert for OP/USDT 💎 Paradisers, let's zoom into OP/USDT. On the 1-hour chart, a head and shoulder pattern is taking shape. However, there's a twist: the right shoulder is a tad shorter than the left one. This suggests we might need to see some consolidation before any potential breakdown of the demand and neckline zone at 1.394.
💎 If OP/USDT does break below this zone, our sights are set on potential descents to the demand levels at 1.279 and possibly 1.168. But remember, if the price climbs and surpasses the right shoulder's peak, specifically the 1.575 mark, this pattern might no longer hold water.
💎Stay vigilant and keep those charts close, ParadiseSquad!
ICICI Bank Potential Bullish SignalI am bullish on ICICI Bank and believe that the stock is in a strong uptrend. The stock has been forming a cup and handle pattern on the daily chart, which is a bullish reversal pattern. The stock has also broken out of a resistance level at 963. I am looking for the stock to reach a target of 1010 in the next 2-4 days.
Entry:
I would enter a long position on ICICI Bank above 963. I would use a stop loss of 960.
Target:
My target for the trade is 1010. I would exit the trade if the stock closes below 960.
Risk:
The risk on this trade is 40 points, or 4% of the stock's current price.
Notes:
This is just a trading idea and not financial advice.
Please do your own research before making any investment decisions.
Here are some additional factors to consider when trading ICICI Bank:
The overall market sentiment. If the overall market is in a downtrend, it will be more difficult for ICICI Bank to break out of its current trend.
The news flow. Any negative news about ICICI Bank or the banking sector could weigh on the stock price.
The technical indicators. The relative strength index (RSI) is currently above 60, which indicates that the stock is overbought. This could lead to a pullback in the near term.
Overall, I believe that ICICI Bank is in a strong uptrend and that the stock has the potential to reach 1010 in the next 2-4 days. However, investors should carefully consider the risks before making any investment decisions
Karnataka bank to go long.Long KTK bank between 215-220. This stock has formed higher highs and lower lows. Stock is trading at an all-time high level. The target of 250+ can be done in 4 to 5 weeks. Currently, the stock is in consolidation mode & a high probability that the stock will bounce back from the current levels. This is for your educational purpose only.
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Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai
#Drow Trend Line Like Professional🤑💸#We Make Only Profit.
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whats is trend line?
Trendlines are easily recognizable lines that traders draw on charts to connect a series of prices together or show some data's best fit. The resulting line is then used to give the trader a good idea of the direction in which an investment's value might move.
KEY TAKEAWAYS:
1. Trendlines indicate the best fit of some data using a single line or curve.
2. A single trendline can be applied to a chart to give a clearer picture of the trend.
3. Trendlines can be applied to the highs and the lows to create a channel.
4.The time period being analyzed and the exact points used to create a trendline vary from trader to trader.
What Do Trendlines Tell You?
The trendline is among the most important tools used by technical analysts. Instead of looking at past business performance or other fundamentals, technical analysts look for trends in price action. A trendline helps technical analysts determine the current direction in market prices. Technical analysts believe the trend is your friend, and identifying this trend is the first step in the process of making a good trade.
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Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
what is option ?
Options are a type of derivative product that allow investors to speculate on or hedge against the volatility of an underlying stock. Options are divided into call options, which allow buyers to profit if the price of the stock increases, and put options, in which the buyer profits if the price of the stock declines.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
pe zada Farak na pade..
#How to Trade in Option Market 💲🤑💲💸💰#We Make Only Profit.
#HDFCBANK #BANKNIFTY #NIFTY50 #NIFTY #SENSEX #TATA
Technical analysis and options trading can go hand in hand. Many of the best practices for options trading come directly from technical analysis concepts. Technical analysis focuses on price. Fundamental analysis does not solely focus on price.
what is option ?
Options are a type of derivative product that allow investors to speculate on or hedge against the volatility of an underlying stock. Options are divided into call options, which allow buyers to profit if the price of the stock increases, and put options, in which the buyer profits if the price of the stock declines.
RBI Forex Reserve Grow is this Good or Bad ?
1st 140 Billion loss hua hai or ab 20 Billion Grow hua hai to hai to abi bhi loss mai
Gover..t abi losss mai hai laken wo Backup bhi ready kr rhe hai take 2023 kese wjh se krab bhi jaye to economy
pe zada Farak na pade..
XAUUSD LONG IDEAHey before you trade #DYOR I'm sharing my idea which is based on technical analvsis for more accuracy you can check news or event update.
XAUUSD current price 1982 hit HH ON 4Hr chart now wait for retesting area near 1966
As per 4hr candle.
The Major breakout area on 4H chart is still 1987
So now wait and set your positions with proper risk management
Thanks for watching Follow like share
Dalmia bharat a Very High Probability Trade ideaA Very High probability trade of Dalmia Bharat. Long between 1945-1955 for the first target of 2110 & 2250 with SL of 1900. As per the price action pattern we have seen, Whenever stock has touched the 200 EMA the same will bounce back from the level with increased volumes. Watch the levels of the stock in the coming days. This is for your educational purpose only.