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Trend Analysis

Stock Is Ready For A New Rally After Retest- Keep In Radar✅ Cup and Handle Pattern Formation: The stock has formed a classic cup and handle pattern over several years, a bullish continuation pattern that signifies accumulation and a potential for a strong uptrend. The handle phase appears to be nearing completion, with the stock testing the upper trendline, indicating a breakout may be imminent. ✅ Successful Retest of Breakout Level: After breaking above the long-term resistance trendline, the stock has successfully retested this level around 2900, which now acts as a strong support. This retest confirms the breakout’s validity, indicating that the stock is poised for a continued rally. ✅ Strong Momentum: The stock has shown steady growth over the years, with a consistent upward trend following each pullback. This steady increase in price, coupled with the recent breakout and retest, strengthens the bullish case for Kingfa Sci & Tec India Ltd. ✅ RSI at Support Levels: The RSI is currently at 55, suggesting that while the stock has gained momentum, it’s still far from the overbought zone. This positioning in the RSI signals room for further upside, as it indicates a healthy pullback and consolidation after the breakout. 🚨 Key Resistance and Target Zones: Based on the cup and handle pattern’s height, the immediate target lies around 3600, with a long-term potential of 4000 if the momentum continues. These levels align with previous resistance zones and provide clear milestones for investors. 🚨 Support Level: The 2900 level now serves as strong support following the successful retest. Any pullback towards this level should be viewed as an opportunity to accumulate, given the strong support and technical confirmation. 🚨 Long-Term Bullish Outlook: With the breakout from a long-standing pattern, coupled with the successful retest, Kingfa Sci & Tec India Ltd exhibits a strong bullish outlook for long-term investors. The technical setup suggests a favorable risk-reward scenario, making this stock an attractive buy for investors seeking growth potential.
NSE:KINGFALong
by Marketik
EURNZDLet's look at EurNzd for the next week. As you can see price made a nice push up and now naturally I would like to see the retracement back into the Demand zone. I will monitor the charts and check if I can get into any sell-to-buy setups - meaning selling before looking for buys into the Demand zone. ( that way I can position myself better ) Again what I need to see for my setup to become valid is a 15-minute structure flip/break. Nice setup overall. Let's patiently wait and see what next week will show us.
by Tilen_FX
Nifty 50 Completes Decadal Impulse Wave 5.Nifty has completed Elliott Impulse Wave cycle that began in 2008 And Awaits Correction Waves that should follow for decent future run up.. 0.5/0.61/0.78 Fib retracement is Possible, Which Will bring Nifty to 17000 Level.. 2025 2026 Crisis is about to Begin.. Mark the Level 24k to 25k If this zone is Respected, Then This Correction may begin with full throttle taking Nifty to 18k 17k Very soon.. Our previous Idea has seen the 26250 level being tested and respected strongly! Make your Decisions Consciously after going through previously posted idea linked here.
NSE:NIFTYShort
by DrAnandM
Upward Momentum Started. GOLDBased on the trend line drawn on friday around 2720$ , we can see that the upward trajectory has started. On Monday, October 28, 2024, the U.S. economic calendar includes the following key events: 1) Pending Home Sales for September: Released at 10:00 a.m. ET, this metric provides insight into the real estate market, showing the volume of contracts signed for homes. It's often a leading indicator for upcoming home sales data. 2) Dallas Fed Manufacturing Index: Scheduled for 10:30 a.m. ET, this report assesses manufacturing conditions in Texas, a key region for both oil and broader manufacturing. It includes activity, capacity, and employment metrics in the manufacturing sector. if the results are neutral or negative, expect gold to have extra boost upwards.
FX_IDC:XAUUSDLong
by XAUUSDANALYST
GBP Analysis for Potential Buy or Sell Entry Overview: We’re focusing on a POI (Point of Interest) zone where we expect potential price reactions. This POI zone represents a key support or resistance area, and it will determine whether we enter a buy or sell position depending on how the market price reacts to it. Plan: 1. If the market price finds support at the POI Zone: Look for confirmation signals (such as bullish candlesticks, break of recent highs, or volume increases). Enter a Buy position targeting higher levels, aiming for a positive risk-reward ratio. Identify potential target levels based on previous resistance or Fibonacci extensions. 2. If the POI Zone fails as support: Wait for the price to retrace back towards the POI zone, testing it as resistance. Enter a Sell position targeting lower levels, especially if bearish patterns or momentum indicators confirm the move. --- Key Reminder: Trading always involves probabilities, not certainties. No strategy is foolproof, and risk management is essential. Make sure to place stop-losses in appropriate positions to protect your capital, and remember that disciplined execution is key.
Long
by dkrajkumar90
Reason Y GOLD Dumpedif u check 1 hr time frame gold closed below recent ob/ low and did a immediate recovery..immediate sellers are trapped..price also tried respecting 0.618 zone by giving a good healthy red candel but trapped sellers there too..price swept the last major high and closed 1h candel below indicating liquidty sweep... we look at a minor low being taken and enter at retracment in lower time frame..for more confirmation u can wait for major low be taken and enter for shorting oppurtunites..tp will be major order blocks only..i caught 13rr trade in this setup..
Short
by munmeeth
Cigniti Technologies Ltd - Breakout Setup, Move is ON...#CIGNITITEC trading above Resistance of 1487 Next Resistance is at 1820 Support is at 1319 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
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NSE:CIGNITITECLong
by MandeepSinghKohli
1