Jubilant Foodworks Poised for a Trendline Breakout: Entry and ExOverview: Jubilant Foodworks is poised for a bullish trendline breakout. This setup presents an excellent opportunity for traders to enter the market with well-defined risk and profit targets.
Entry Point: Initiate a buy order at or above 491 INR, aligning with the breakout above the descending trendline resistance, indicating a potential upward trend.
Stop Loss: Set a stop loss at 440 INR to protect against unforeseen reversals and minimize potential losses.
Profit Targets:
T1: 469 INR, capturing early profits below the entry due to initial pullbacks.
T2: 518 INR, slightly above the breakout point, potentially a new support zone.
T3: 653 INR, aiming for a significant return based on historical highs and technical projections.
Rationale: The technical breakout is supported by Jubilant Foodworks' robust market position and growth potential, offering a strategic entry with clear exit points for maximizing returns while managing risks.
Trend Lines
A GAP COVERING move coming up..?As we can see NIFTY showed a strong recovery despite being in bearish sentiment which shows the power of bulls hence as long as NIFTY stays in uptrend, we can expect NIFTY to continue the main trend. As of now we can see an impending gap till 24700 levels which can be filled if NIFTY manages to open flat to strong but if fails then we may again see indecisive sideways to negative market so plan your trades accordingly.
WHEELS | Simple trendline breakout - Potential for 70-80%WHEELS | Simple trendline breakout - Looks potential for 70-80%
CMP : 796
SL : 650
Target : 1400
The previous post was deleted by tradingview moderator, as i had mentioned the same description above. It is a simple breakout. Its my style of simple analyze.
There is nothing to write beyond this, i'm just posting all this charts to create a respository. I dont have any hidden agenda like creating courses or selling indicators.
But this website looks like promoting only those authors.
BTCUSD SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD BTCUSD SHOWING A GOOD
UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
FIN NIFTY - TRENDLINE RESISTANCEFIN NIFTY is facing trendline resistance at 4hr chart.
It is at Lower Trendline support and made a Hammer Candle under 50ema. Breakout with a strong green candle may give a good upside move.
It has been moving between an ascending channel at daily time frame since January 2024.
Earlier it gave breakout on 25june but started coming down from 23rd July - Budget Day, also impact of global market fall.
LEARNING : Less is More!
Identification of right support and resistance levels are important and you learn that with Price Action.
50ema is a really good indicator to understand the trend. Price always goes up when it crosses the 50ema.
Formation of Hammer candle at lower trendline or support area is a bullish sign.
Keep your charts clean, learn price action to understand the charts.
Always remember that a negative news can change the direction of market.
*For learning and educational purposes, not an advice.
BTCUSD SHOWING A GOOD UPWARD MOVE WITH 1:10 RISK REWARD BTCUSD SHOWING A GOOD D
UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
BTCUSD SHOWING A GOOD D
UP MOVE WITH 1:10 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
A decending triangle patterns showing on BITCOIN A decending triangle patterns showing on BITCOIN
A short term 15m tradeing setup showing on BITCOIN
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
Also cryptocurrencies are follows priseaction in a good way
Follow for more please don't use more than one percentage of your capital
Follows risk reward
Tradeing rules
And be deceplened
Try to be a better trader
Love you all❤️
Nifty Intraday Analysis for 16th August 2024NSE:NIFTY
Index closed near 24145 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24500 Strike – 30.23 Lakh
24200 Strike – 25.10 Lakh
24400 Strike – 22.85 Lakh
Put Writing
24000 Strike – 20.43 Lakh
24200 Strike – 19.87 Lakh
23700 Strike – 17.57 Lakh
Index has resistance near 24350 – 24450 range and if index crosses and sustain above 24500 level then may reach near 24650 - 24700 range.
Index has immediate support near 24050 – 24000 range and if 24000 support is broken then index may tank near 23700 – 23600 range.
Banknifty Intraday Analysis for 16th August 2024NSE:BANKNIFTY
Index closed near 49725 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
50500 Strike – 14.29 Lakh
50000 Strike – 12.44 Lakh
51000 Strike – 11.45 Lakh
Put Writing
50000 Strike – 8.91 Lakh
49500 Strike – 7.65 Lakh
49000 Strike – 6.60 Lakh
Index has resistance near 50200 – 50400 range and if index crosses and sustain above 50500 level then may reach near 50800 – 51000 range.
Index has immediate support near 49650 – 49500 range and if this support is broken then index may tank near 49000 - 48900 range.
Finnifty Intraday Analysis for 16th August 2024NSE:CNXFINANCE
Index closed near 22590 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
23800 Strike – 7.03 Lakh
23000 Strike – 5.68 Lakh
22600 Strike – 4.33 Lakh
Put Writing
22600 Strike – 3.78 Lakh
22500 Strike – 3.14 Lakh
22700 Strike – 2.27 Lakh
Index has resistance near 22700 - 22750 range and if index crosses and sustain above 22800 level then may reach near 23100 - 23200 range.
Index has immediate support near 22500 – 22400 range and if this support is broken then index may tank near 22150 – 22100 range.
Midnifty Intraday Analysis for 16th August 2024NSE:NIFTY_MID_SELECT
Index closed near 12520 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
12500 Strike – 11.60 Lakh
12700 Strike – 9.43 Lakh
12600 Strike – 8.78 Lakh
Put Writing
12500 Strike – 13.65 Lakh
12200 Strike – 6.85 Lakh
12300 Strike – 6.39 Lakh
Index has immediate resistance near 12725 - 12825 range and if index crosses and sustain above 12825 level then may reach near 13000.
Index has immediate support near 12450 – 12400 range and if this support is broken then index may tank near 12200 – 12000 range.
BSE Stock 78% Retracement | Elliot Wave ABC CorrectionBSE Stock 78% Retracement | Elliot Wave ABC Correction
Chart patterns Trendline Breakout than Retest.
Fibonacci 78% Retracement
Price Above 200 & 50 EMA
Bullish Reverse Divergences
Elliot Wave - BSE stock seems to be a Long in the short term because it has done ABC correction after completing the 5th wave. Right now the 1st and 2nd wave have been completed. The third wave is running.
ATH_GLENMARK_Hi Traders,
Happy to share this post since Tracking it from last couple of months and today it closed above Previous levels with Strong Bullish pinbar at 20 EMA support in uptrend.
Pros:-Bullish Pinbar in uptrend which is taking 20 EMA as support.
:- Energy is being stored from last couple of months to explode.
:- Pharma Sector Is positive with recent Results In Indian markets.
:-Go long Oct-2024 Futures.
Cons:-NA.
Happy trading!!Only for Educational purpose.
Fintechzoom Bitcoin Price and Forecast AnalysisThe current price of Bitcoin is influenced by a specific market structure characterized by key technical indicators:
Blue Lines : Representing a fan-like pattern diverging to the right, these lines serve as dynamic levels of support and resistance. Their role can shift depending on market momentum, influencing the price direction of Bitcoin.
Red Arcs : These arcs exert downward pressure on Bitcoin’s price. However, historically, once these arcs are breached, Bitcoin tends to experience a rally.
Since late July, the far-right red arc has been exerting significant downward pressure on Bitcoin's price. On the other hand, the blue line, located around the $55,000 mark, may offer substantial support from below.
The key to Bitcoin’s price trajectory in early autumn lies in the battle between this red arc’s downward force and the support from the blue line. Should Bitcoin manage to break above the red arc, we could witness a strong upward movement.
Given the significant trading volumes observed on August 5th, which I interpret as a shakeout of weak market participants, my primary forecast suggests that Bitcoin is likely to break through the red arc and rise in value.
My Wave Analysis also supports this bullish outlook, indicating a potential rise within the framework of the fifth wave.
FAQ
What price will Bitcoin reach in 2030?
While it's difficult to pinpoint an exact figure, various expert predictions suggest Bitcoin could reach anywhere from $500,000 to $1,000,000 by 2030, depending on adoption rates and macroeconomic factors.
How much is $100 Bitcoin worth right now?
To determine the current value, multiply $100 by the current Bitcoin price, which fluctuates constantly. For example, at a Bitcoin price of $30,000, $100 worth of Bitcoin would be approximately 0.0033 BTC.
How much is Bitcoin selling today?
Bitcoin’s price is dynamic, but as of today, it is trading around $58k.
Will Bitcoin rise again?
Yes, most analysts believe Bitcoin will rise again, driven by increasing institutional adoption, macroeconomic trends, and technological advancements within the blockchain space.
SbinAfter the fall, price is consolidating and also 800 is an important zone to decide the trend direction.
Buy above 806 with the stop loss of 800 for the targets 812, 818, 824 and 830.
Sell below 794 with the stop loss of 800 for the targets 788, 782, 776 and 770.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
A decending triangle patterns showing on XAUUSD WITH 1:10 RRA decending triangle patterns showing on XAUUSD
A short term 15m tradeing setup showing on gold
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SETUP
A decending triangle patterns showing on XAUUSD
A short term 15m tradeing setup showing on gold
Selling setup
With a risk reward ratio of 1:10
The setup giving clarity to selling because in longterm it's a Down TREND
Also in a pick top lable
And forming a DOWN setup
So according to the combine results of
15minit 1hour and daily chat
And the short term setup
All are of them indicating the same SELLING SEUP