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Trendlineanalysis

USD/JPY: Strong Recovery, Breaks Through the 144.0 LevelHello everyone! Today, let's analyze the movements of the USD/JPY currency pair! The USD/JPY pair is showing signs of a strong recovery. After dropping to a near two-week low at 141.65, the pair has been consistently rising over the past two days and has broken through the 144.0 level. This price increase is driven by several supporting factors, indicating that the US dollar is currently prevailing over the Japanese yen. On the technical chart, there is a confluence of the 34 and 89 EMAs, with support at the 143.328 level, and the price is in an upward trend. Additionally, since a peak has not yet been established, it further strengthens the bullish momentum, favoring buyers. With the current upward momentum, the price is likely to continue breaking through to the next resistance levels. Investors might consider opening buy positions to seize this opportunity. Alisa has set her target as analyzed. What about you?
by Alisa_Rokosz
2
PNB - The End could be a New Beginning.Punjab National Bank is in a bullish structure from June 2022 & now have completed wave 4 which has meet with reverse parallel channel drawn from connecting wave 1 high with wave 3 high (usually the best point for wave 4 to end) & this low of wave 4 is exactly 0.382% retracement of Wave 3 so now we looks all set for wave 5 impulse to begin a close above 112 will be 1st confirmation & breaking above this red channel around 120 will be bigger confirmation which could take us to 230 which is (Wave 1 is equal to Wave 5 measurement) & channel top. Everyone in market is trying to find top in Index whereas stocks are just getting started so the market can stay irrational longer than you can stay solvent.
NSE:PNBLong
by churiwalvikram
Is Gold HH confirmed ?Gold is trading at record high with no sign of bearishness expecting Gold to go Higher High . But we have very important fed minute ahead FOMC , If Fed cuts rate by more than 0.5% will see atleast 2621-2650 and further even 2700. This idea is valid only if it not breaks 2600 Levels If rate cuts by only 0.25% we will see some correction but its a buy on every dips market . Check my 4H analysis too which already shared. Disclaimer : Trading involves a significant risk of loss and is not suitable for all investors , This idea is meant for education purpose only , do your own research before risking your account.
OANDA:XAUUSDShort
by Solomon_King4788
Pheonix - How to draw TrendlineTrendlines 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. Trendline in combination of candlestick pattern helps in confirmation of important support and resistance levels. Important points while drawing a trend line. It should not be toos lant. Two or more points should a reasonably away from each other. I hope this post helped you in learning Trendline.
NSE:PHOENIXLTDLong
by PowerOfTA
3
CRAFTSMAN [cup&handle]CRAFTSMAN The chart seems to display a cup and handle formation, which is a bullish continuation pattern. After forming the "cup" (rounded bottom), the price consolidates, forming the "handle." The breakout from the handle typically signals a continuation of the upward trend . The price appears to have broken out above the resistance level that was part of the handle, indicating a potential start of a new upward movement. The price has broken out of a consolidation pattern, indicating bullish momentum. The first and second target levels ("1st TRG" and "2nd TRG") are plotted above the current price, suggesting expected future resistance levels where the price might take a pause or reverse. 1]1st Target (TRG): The first target seems to be near ₹6,700. 2]2nd Target (TRG): The second target is closer to ₹7,800. The breakout point around ₹5,700 could now act as a support level. If the price pulls back, this level might provide buying interest. The breakout appears to be accompanied by an increase in volume, which is a positive sign, confirming the strength of the move. Retest of Breakout: Watch for a potential retest of the breakout level around ₹5,700. If the price successfully holds above this level, it would further confirm the bullish trend. Risk Management: Consider placing stop-loss orders below the breakout level or near the handle's low to manage risk effectively. Trend Strength: Continue monitoring the volume and price action as the price approaches the target levels. If the volume decreases, it may indicate weakening momentum. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏🙏
NSE:CRAFTSMANLong
by asAMOLSUTAR
Laxmi Organic IndusTechnical Analysis Overview : The stock price has been fluctuating within a range of 236 to 290, with a well-established support level at 220. Recently, there has been a notable 60% increase in weekly trading volume compared to previous weeks. Additionally, three key resistance levels /targets (R1, R2, and R3) have been identified. Positive Indicators : 1. Strong Buyer Momentum : The MACD on both the weekly and monthly charts indicates robust buyer support, suggesting positive momentum in the stock’s price movement. 2. Price Stability Relative to the 21 EMA : On the monthly chart, the stock price has remained relatively close to the 21-day Exponential Moving Average (EMA), which aligns with the positive signals observed in the MACD. This suggests that the stock's upward trend is sustainable and supported by underlying momentum. Potential Risks : The primary risk to the stock’s upward trajectory is the possibility of a broader market correction, particularly influenced by uncertainty in the Index and geopolitical tensions, such as the ongoing conflict between Israel and Iran. Disclaimer : This analysis is intended for educational purposes and is not a recommendation to buy. It is important to learn how to recognize and understand patterns in stock movements.
NSE:LXCHEMLong
by sandeepbalachandran
MOL - TURNAROUND POTENTIAL WITH A FALLING WEDGE BREAKOUTHi All, The idea is about Meghmani Organics ABOUT THE COMPANY Founded in 1986 as M/s Gujarat Industries, the company was incorporated in 1995 as Meghmani Organics Limited. The company manufactures Pigments and Agrochemicals through its 6 manufacturing facilities located in Gujarat. The company is amongst the top 3 Phthalocyanine based pigment players in the world and amongst the top 10 producers of pesticides in India. Meghmani Organics Ltd (MOL) manufactures green and blue pigment products, which are used to manufacture printing ink, plastic, paints, textiles, leather, and rubber. TECHNICALS The stock has been in a falling wedge pattern & has given a breakout. The breakout was sustained & has been testing first level of resistance at 88.65 multiple times. Once it breaks it can move to 93 where next resistance lies Fundamentals Not a good last year but sales/profit showing symptoms of turnaround which is evident in price action Thanks, Stock-n-Shine
NSE:MOLLong
by Stock-n-Shine
KISS Trendline Strategy - LemonTree KISS Had shared simple trendline strategy here - - Lets check if LemonTree satisfies it or not - 1. Filter - a. Stock price less than 5000 - True. b. Should be liquid(good volume) - Weekly volume in millions, True. 2. Time frame - Weekly 3. Find trend of the stock - Up Trend. 4. Check if its following a trendline. Should be at least an year long- Following this trendline since march 2023. 5. Check market sentiment - Check trend of Nifty. Nifty in Up Trend. 6. BUY - on test of trendline - Buy near 140. So, Lemontree has satisfied our strategy and has given buy near 140.
NSE:LEMONTREELong
by NaveenGr
KISS - More than 120% return!! COLPALKISS - Keep It Simple Stupid COLPAL buy shared on march 4 2022, price was around 1500, since then price has given MORE THAN 120% RETURN. Check the investment idea shared earlier - Below are steps of a simple Trendline strategy- 1. Filter - a. Stock price less than 5000. b. Should be liquid(good volume). 2. Time frame - Weekly 3. Find trend of the stock - should be in Up Trend. 4. Check if its following a trendline. Should be at least an year long, longer the better. 5. Check market sentiment - Check trend of Nifty. Buy if Nifty is in UP or sideways trend. Do not buy if Nifty is in downtrend. 6. BUY - on test of trendline. Follow strategies that make money even if they seem to be very simple. We are here to make money not to do phd in complex strategies.
NSE:COLPALLong
by NaveenGr
COALINDIA Breakout Soon?The chart of COALINDIA's stock price shows that the stock has been finding support at a trendline for some time. The trendline is sloping upwards, indicating an uptrend. COALINDIA could be poised for a breakout. A breakout occurs when the stock price moves above a resistance level, such as the supply zone. If COALINDIA can break above the supply zone and close above it, it could be a signal that the stock price is likely to continue rising in the short term.
NSE:COALINDIALong
by handaakshsy