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.
Trend Line Break
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.
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.