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Trendreversal

BANKINDIA - Channel Movement - Possible ReversalThe stock has been in a downtrend since June, moving in a parallel channel. Currently the stock is touching its bottom channel support line, and is simultaneously near the long term support, and is a strong candidate for possible trend reversal. In my opinion, it is a bounce back candidate considering many reasons apart from the ones mentioned above: - RSI is oversold - Bank Nifty is bullish - PSU banks are expected to be in limelight - Price/Book ratio is 0.5, amongst the lowest in banks Depending on your risk profile, you can either keep a stop loss at 53, or stay invested for long term considering its valuation. Please follow us for more trading setups like these. If you have any queries/suggestions related to above pattern, feel free to type below in the comment section. Do show your love by pressing the like if you liked the idea.
NSE:BANKINDIALong
by Yes2Profits
Weekly Analysis of BTC-USDBitcoin posted a strong upside rally and closed the last weekly candle with more than 12% gains. It formed a bullish weekly candle and made a high of $42,605 but in the last two days, traders rushed to book profits at higher levels and closed the week slightly below $40K. AT the time of writing, BTC is trading around $40,090. On the Daily TF, BTC is now sustaining above its major DEMA’s which depicts that further buying strength is most likely to increase in the coming days. Currently, BTC is trading in the Fibonacci levels of 0.786 and 0.618, which is placed at $34.7K and $43K. However, the resistive level of $42K is very critical for the next upside rally. Once we get a decisive breakout from this range, the next potential target is placed at $45.5K followed by $48.5K. On the downside, the nearest support is present at $39K, if it breaks this level on a closing basis, the next support is present at $36.5K followed by $34.5K. Weekly MACD is about to give a positive crossover which suggests that BTC has started to turn bullish and we can expect trend reversal in the coming week. The daily RSI has given a clear breakout from its trendline resistance which also depicts the same. However, a weekly closing above the level of $41K would act as a confirmation of the trend reversal.
COINBASE:BTCUSDLong
by TradeDog-Research
Nifty Trade Setup For Monday (24th July)So after touch the level of 15900, Nifty reverse from the level. . Now Nifty is getting support from 15800, so for tomorrow there is two condition.. . 1. If Nifty break the resistance of 15900, then we should buy CE for the level 159450. 2. If Nifty break the 15800 support them we should go for PE. . In gap up opening we should avoid trading in the morning time. In gap down Opening, we will wait for CE once it cross 15760 or 15800. . What's your view on this comment below in the box.
NSE:NIFTY
by neerajlalwani081
Nifty Trade Setup For Expiry (21st July)So, Nifty is traded at around 15632, so what we should consider on expiry day. . 1. 15733 is a strong resistance level if Nifty goes upside and break the level and made 15 minute green candle then only we will buy CE. 2. 15733 is a strong resistance level so maybe once Nifty touch this level and then reverse. So wait for the full breakout. . If I am talking about downside, so 15576 is a support already Nifty touch this level on yesterday. . 1. If Nifty goes down side so tomorrow it can be possible that Nifty can break the support of 15576. 2. If Nifty goes down 15500 is our Target in the downside. . 👉 What's your view on this comment below in the box.
NSE:NIFTY
by neerajlalwani081
2
PARALLEL CHANNEL + BULLISH HARAMI POWER !BAJAJCON is forming a good parallel channel pattern since last 140+ days. Now the stock is near its support line of the channel. Stock has also formed bullish harami ( japanese candlestick pattern ) which is trend reversal pattern from bearing to bullish. Considering these two good signals, this can be a good long opportunity. Please note that this analysis was done by me only for educational purpose, feel free to share your views/feedback.
NSE:BAJAJCONLong
by headymuk
1
LONG-TERM-ACCUMULATION-CHANNEL-BREAKOUT-VOLUME-PROFILEDisclaimer-: 1. Long-Term Bets can be solely made from technical analysis if done correctly. Nonetheless this can be used in combination with Fundamental Analysis . So readers feel free to comment fundamental ideas if any, either in support of long or short, both will be highly appreciated. 2. **FOR WHOM VOLUME PROFILE AND MY METHOD IS A LITTLE NEW OR BLURRY . I WILL SOON PUT UP AN EDUCATIONAL POST WITH DETAILS AND EXAMPLES. WE CAN HAVE A SERIES OF DISCUSSIONS THERE TOO. DO FOLLOW MY ACCOUNT TO GET NOTIFIED. 3. Do ask your questions in the comments if any. VOLUME-PROFILE-: Can be used to identify accumulation/distribution regions when we compare the current region volume to previous/historical volume. During trend-reversal if the previous trend volume is lower as compared to current region volume then high chance that reversal will take place and will face less resistance to previous trend. By spotting the regions at the right time we can enter and not miss out on the nice trend. OBSERVATIONS-: NSE:IBULHSGFIN was in a downtrend. it broke out of the channel whose trendlines have been tested at least 3 times. Thus giving a strong breakout. Recently it formed a nice triangular pattern and has given a breakout. The volume of current region is very very high compared to the volume of fall. It means trend -reversal will happen and now accumulation is happening. Moreover as it moves forward it will face weak resistance. A nice breakout above 300 level will confirm and uptrend may start. TARGET WITH LOGIC Since the all the time high level, 1370 , stock has been falling with very low volume . While now the volume of accumulation is too high, so there is a high chance it can reach the all-time high. ENTRY-: Above 300 breakout with confirmation. You can also do position sizing . STOP-LOSS-: Since 55 is a nice support level so for a long-term bet a conservative and wide stop-loss is essential. In this case since the target is high enough, it makes sense to have a deep stop-loss. EXIT Sometimes we have to exit before target. Following can be taken as signs of bearishness-: 1. If there is bearish candlestick pattern in 1W timeframe, stop-loss can be trailed to a nearby support level .(Like Candle Low) 2. If there is RSI Divergence in 1W timeframe, better to exit at close of 1W since afterwards there can be long consolidation or reversal. 3. If the trailing stop-loss is hit, please exit **IF YOU LIKE MY ANALYSIS, KINDLY GIVE A THUMBS-UP AND SHARE IT IF POSSIBLE, HELPS A LOT :) **I WILL POST NECESSARY , SIGNIFICANT CHANGES IN THIS THREAD LIKE ADDITION TO POSITION, EXIT SIGNALS, BREAKOUT ETC. TO AVOID MISSING OUT ON UPDATES PLEASE REMEMBER TO FOLLOW THE POST AND MY ACCOUNT. **YOU CAN TURN ON NOTIFICATION TO BE UPDATED OF CHANGES **ANY COMMENT ON THE ANALYSIS WILL BE HIGHLY APPRECIATED. NSE:IBULHSGFIN
ILong
by VPA_TRADER
Trade setup with fibonacci This setup is on daily timeframe. Stoploss at 0.38 level i.e. below the resistance line of pattern which should act as support now. If the 0.61 level is break the we will get the confirmation that the trend is changed. The uptrend will begin and 52 week high will be our major resistance and the target too. Because it's 52 week high it's strong resistance, so to go a little safe I will plan the target little below it. The RR ratio is not that pretty. It's 1.27. An example of price action analysis with fibonacci. This post for educational purpose only.
NSE:IDFCFIRSTBLong
by AkshayAdak