Trendlineanalysis
EURUSD Macro and Technical ViewPoor macros, #Gas prices continue to rise and the risk of rationing and high prices continue to haunt the continent. European gas contract are near to click a fresh all time high. On technical terms we can see multiple descending trendlines pushing the pair down . The fall below parity and quick 3 day short covering pushed #EURUSD to 1.02700. Current trading range for the pair is 1.02700 - 1.02000 and a break above or below that will decide further action. Technical Structure and Macro factors are signaling bearish action for upcoming days.
Tata consumer having more potential to go upafter breakout of regression channel tata consumer given a great up side move and agene it consolidating with big candles expecting one more up side moves with good intraday moves
chart its self is self-explanatory
When price closes outside of the Linear Regression Channel for long periods of time, this is often interpreted as an early signal that the current trend might be ending and a trend reversal might be near.
To draw the Linear Regression Channel, simply select the beginning of a trend and stretch the indicator to another point of the trend. The three lines of the Linear Regression Channel will self-adjust depending on the top and bottom of the trend.
GUJRAT GAS chart analysis Hello, I have done chart analysis with its support and resistance along with target levels. If you find this idea helpful then please provide thumbs up and share it and share your comments and suggestions on it.
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Disclaimer: This is only for educational and information purpose. Please do your own research or consult with your financial advisor before making any investment decisions.
Reliance Ind / RIL - trade setup - 25 April 2022Reliance made all time high breakout on 21 Apr gaining over 60 points during the day. RIL helped a lot to lift nifty on the day.
on April 22 though RIL opened with a small gap down giving indication that this is the breakout level retest. This gave concern, as all time breakout should not have a intraday retest. Retest should have happened after 2-3 days after showing the strength. But the strength got lost very soon.
This huge dogi on daily chart is the second concern on RIL bull rally.
In 1 hr chart reliance has already made double top after the breakout, creating M pattern at top. This is another signal possible reversal.
Note: All prices mentioned here are as per spot.
RIL Trade setup for Monday 25 April 2022:
Trade setup # 1 (Short setup ) : If RIL open flat (between 2750-2758) and moves down
Short below 2747
SL - 2764
Target - 2700 / 2670 / 2630
Trade setup # 2 (Short setup ) : If RIL opens higher but below 2792
Short between 2787 - 2792
SL 2796
Target 2061 ( If RIL slips even lower then Trade setup # 1 can be executed)
I do not suggest attempting to go long as it will involve high risk sighting global cues and Dow/Nifty trend, and will demand constant attention. So not posting the trade setup. however the breakout level on the upside will be 2808 and target can be as high as 2850 / 2910
Disclaimer: This is just my view on the stock/index. I'm not a registered advisor on market analysis. The idea is published only to spread my views on the trend and price movement probability, and gather feedback to cultivate healthy discussions. Please do your due diligence before investing your money. Remember, you're responsible for your investments and trades.
Trade Using Multiple Trend Lines
Important Note:- Very complex and professional techniques I have discussed in the below texts. So my friends read this minimum 3 times, otherwise you will not get the inside what I'm saying about.
See how a professional trader using multiple trend lines in a chart and find out opportunities.
1. Here you can see two old trendlines are there and two new trend lines i.e. support & resistance line.
2. Price has been take support and resistance in different different position of the chart and if we join them then we can see a different trend channel in different angle along with previous one.
3. Trend channel already change few months ago i.e. new support line and new resistance line.
4. Now break in the upside direction.
5. So we can take position on direction of the breakout.
But my friends there is something more in this story,
Actually we can't recognize multiple support and resistance in same direction , that's why we can't draw trend lines there. Reality is there is the difference, between professionals and intermediate or beginners.
We have to look into the chart in different way all the time then you can see the chart differently or in professional way. In this chart the price already break the old resistance line and now it's break the new resistance line with big bullish candle. Also previous support and resistance line nothing but a symmetrical triangle pattern.
By using multiple trend lines you can see the different opportunity in different position of the chart and you have to choose the correct one which have highest provability to move the price in your way.
I know this concept is little bit complex but if you download this in your mind, in near future you will get the taste of success.
Gujarat Gas Breakout Analysis1. Fundamentally strong Stock
2. @ Support Zone
3.TGT 780 if Trendline Resistance Break upside
4. if 687 level Break 598 will be short TGT
*Long & short Tgt performance will be Based on Market condition & Trend.
*Always Enter With good confirmation & Maintain proper Risk Reward.
******* Knowledge Purpose only ********
I am not a SEBI registered adviser. All the information provided by me are for educational/informational purposes only. There have been no promises, guarantees or warranties suggesting that any trading/investing based on any information, will result in a profit or will not result in a loss.
>> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades<<
GODREJPROP | Breakout Stock for Investment 🎯⭕ Positional Trading opportunity ! Weekly Chart Alert !!!⭕
--Buy = CMP
--Target =1568 | 1878
--Stop-loss = 1220
--R:R =2.53
--Expected Profit = 33.56%
--Expected Holding = 3-6 months only
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USDCAD Hourly Chart Trendline Support- Long Setup USDCAD hourly chart is showing a trend line support. Long can be initiated at current levels 1.25700 with SL of 1.25450 a 25 Pips stop.
RISK Management/ Position Size-->> Risk can be calculated as per the given stops level. For example if your risk is $10-15 you should initiate the trade with not more than 5000 units.