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Trend Line Break

Wockpharma: DTL BO?-if Nifty Pharma breakout from long Parallel Channel (PC), Wockpharma can be one of pharma companies to perform, as it also forming long base and, Long Base = Long Breakout . -DTL BO anticipation (Down Trendline Breakout), tested 4 times but didnt fall with volumes. -Clearly, Green vol > Red vol -VCP pattern (15W-22/6-3Ts) -Earnings due on 28th May Setup is solid lets see how it work out. Cheat entry (Cheat entry are basically early entry in anticipation of BO) can be around 564ish level BO if day starts with Strong Start (gap up without or barely touching previous day low) But one should wait for confirmation, if it breakout good then it can be confirmation for other stocks too as there are and always will be many opportunities in the market, only one have to seek.
NSE:WOCKPHARMALong
by takmanish007
RPTECH a IPO stock's results out, what next for the stock?Results: Decent comeback quarter with solid revenue growth which reflects well with EBITDA n PAT growing at better pace Rev at 3002cr vs 2258cr PBT at 45cr vs 37cr, Q3 at 33cr PAT at 47cr vs 23cr, Q3 at 24cr Includes 10cr one off income OCF at -102cr vs -114cr TA: -Check vol on falls(red arrows) how it is decreasing means supply drying out -DTL BO (Down Trendline Breakout) anticipation -VCP in play Buying area above Pivt Point (PP: least area of resistance) 336.8 (Cheat entry) with anticipation of BO.
NSE:RPTECHLong
by takmanish007
HFCL with EPS growth can make move from here?HFCL is in business of telecom infrastructure. With huge expansion of 5G and Reliance subsidiary JIO, Airtel, Indus Tower doing good, HFCL shareholder can also enjoy the piece of pie too. - With making HHs n DTL (Down Trendline) testing 3rd time, BO (Breakout) can happen. -Green Vol > Red Vol -Better n cheat entry was in 97-98 range when "Signal Candle" gave Strong Start (SS: when stock starts gap up n not/barely touching previous day low (PDL)) Lets see how it perform.
NSE:HFCLLong
by takmanish007
NIFTY NO MORE SELLING, GOING UP NEXT WEEK(10-16 MAY)I think on Market now NO MORE SELLING TO COME in Coming days because market strcture or price action shows the market will go UP and RSI also in favour. Today 10th May Market is on Trendline if it breaks then our Target in the coming days will be 22500 SUPPORT ZONE: 21950-22050 STOPLOSS: 21930 Targets: Greenline T1: 22200 T2: 22330 T3: 22450 Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary. Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.
NSE:NIFTYLong
by NaveenTTR
1
FSN with YoY growth results, ready for Stage 2?FSN posted good YoY results with expanding offline too, this can be super combo: online(e-com) + offline for the future growth for the company. -right now, setup is in stage 1 but in uptrend so VCP concept can apply VCP : 20W-30/2-4Ts (Contraction for 20 weeks, contracting from 30% to ~2% n total contraction 4 times) -check Red Arrows how supply is flushing with every fall (Flushing of supply is imp for stock to blast) Green Vol > Red Vol -DTL BO: Down Trendline Breakout (Orange Circles), its forth time stock is testing this TL. N every time go up there with good volume. -Moving Avg: are pointy upwards (10, 21, 50 emas) -50 ema MAU&R (Moving Average Undercut n Rally) a GOOD Shakeout, read about it from here: OwlTraders Glossary (cant share link, will comment) Overall, liking this setup. But one should wait for confirmation of stage 2 too, if stock move good from here n form a base then its a kinda confirmation.
NSE:NYKAALong
by takmanish007
Tether Dominance #USDT.D Falls on Bearish Divergence Warning#USDT.D (Tether Dominance) has recently formed a bearish divergence pattern, signaling a potential reversal in its trend. The price has lost its support and is now heading towards a retest of the 4.5% level. Bearish divergence occurs when the price forms higher highs, but the indicator (in this case, Tether Dominance) forms lower highs. This indicates a weakening of the current trend and a potential reversal. The next key level to watch is the 4.5% support level. If USDT.D breaks below this level, it could indicate a further decline in Tether dominance, potentially leading to increased volatility in the cryptocurrency market. Traders should monitor the price action closely and wait for confirmation before making any trading decisions. Factors such as market sentiment and overall market conditions should also be considered when analyzing USDT.D's movement.
CRYPTOCAP:USDT.DShort
by crypto_vulture_signals