FET/USDT formed bullish divergence in daily time frame FET/USDT crossing rsi trend line, RSI divergence formed and volume is rising which indicates that new all time high coming again. Target is 3.75$
Volumeanalysis
Comprehensive Analysis of Reliance Power Limited (RPOWER)Overview:
Reliance Power Limited (RPOWER) has recently exhibited significant price action, forming a cup and handle chart pattern, which typically signifies a substantial bullish trend. Coupled with strong volume and positive indicators across multiple timeframes, the stock presents a compelling opportunity for investors.
Cup and Handle Pattern:
The cup and handle pattern on RPOWER's chart has matured over a span of more than 5 years, indicating a long-term bullish setup.
A breakout from this pattern occurred recently, accompanied by substantial trading volumes, signaling strong buying interest.
Elliott Wave Analysis:
Elliott wave analysis suggests that the stock is potentially entering the 3rd wave of the 3rd wave, implying a powerful bullish move.
This wave analysis further supports the bullish bias observed in the cup and handle pattern.
Technical Indicators:
Volume Confirmation: The retracement following the breakout maintained higher lows, with the cumulative volume of 10 candles lower than that of the breakout candle, indicating sustained buying pressure.
Bollinger Bands: RPOWER is challenging the upper Bollinger Band on both daily and weekly timeframes, suggesting strong upward momentum.
Trend Indicators: Positive crossovers on trend indicators across multiple timeframes signal a bullish trend.
RSI and ADX: RSI supports the bullish bias, and ADX indicates increasing strength in the uptrend, with +DI confirming a bullish trend.
Trade Strategy:
Entry Points: Consider initiating long positions at current levels or on pullbacks, with potential entry points around the upper bands of the cup and handle pattern.
Invalidation Level: Set the invalidation level below the last swing low, providing a clear risk management strategy.
Price Targets: Upside price targets based on the cup and handle pattern suggest levels of 49+, 73+, and 99+ for Long Terms.
Risk Management: Emphasize the importance of risk management techniques, including stop-loss orders and position sizing, to mitigate potential losses.
Conclusion:
Reliance Power Limited (RPOWER) exhibits a strong bullish setup, characterized by the cup and handle pattern, supported by volume analysis, Elliott wave analysis, and positive technical indicators across multiple timeframes. However, investors should conduct their own research and exercise caution, adhering to risk management principles. This analysis is for educational purposes only and does not constitute financial advice or trading recommendations.
Disclaimer: This study is shared for educational purposes only and should not be construed as investment advice or trading tips. Investors should perform their own analysis and consult with financial professionals before making investment decisions.
I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
AGIX FORMED BEARISH DIVERGENCE IN DAILY FRAME AGIX volume is falling and bearish divergence formed so we can expect buy chance.
fair price : 0.896
SUPPORT : 0.577
FET BEARISH DIVERGENCE IN DAILY TIME FRAME FET shows clearly weakness becoz of decreasing volume and bearish divergence.
best time to but fet
fair price: 2$
much lower support : 1.2$
👑Bitcoin Analysis: Trading Amid Price Correction📉🔍Today is Tuesday, and it's a favorable day for trading. The cryptocurrency I'm analyzing today is Bitcoin. In the initial candle of the day, Bitcoin experienced a downward movement of around 6%, reaching a support level of $63,054. We need to observe its behavior in the subsequent candles around this support level.
🌊From a Elliott Wave Theory perspective, we've seen a reversal in the lower wave cycle on the 4-hour chart, indicating a minor downturn. However, in the higher wave cycle, Bitcoin remains predominantly bullish, and this correction appears to be a minor adjustment necessary for subsequent upward movements.It's important to note that these corrections on higher time frame charts can shape long-term trends, potentially providing profitable opportunities on lower time frame charts like the 4-hour.
💪The latest key level where price bounced back is around $68,100, forming a strong Potential Reversal Zone (PRZ). This zone coincides with the Point of Control (POC) indicator of the fixed range volume profile, the 0.38 Fibonacci retracement level of the downward wave, and the resistance line of the Elliott Wave Theory. Additionally, the golden cross of the SMA7, 25, and 99 further strengthens this zone.
📊The volume of red candles confirms the short-term downward trend but currently doesn't show any weakness. We need to monitor how the volume behaves in case of a correction.
✅For traders holding short positions, consider taking profits if the price finds support at $63,054. Otherwise, exercise patience and wait for a potential drop to $60,849. If the price sharply rises, take pleasure in your profits. For risk management, set your stop-loss if the sharp upward movement occurs, as it could happen easily due to the overall bullish trend.
📉If you don't currently have a position, wait for the market to establish a new structure before taking any action. If you're unable to wait for a new structure to form, consider opening a short position when the RSI enters oversold territory. However, be aware that this is a risky move. By considering these factors, traders can identify potential trading opportunities amidst Bitcoin's price correction.
🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
MOL - 2 Years Downtrend / 1 year consolidation BreakoutMeghmani Organics Ltd
1) Time Frame - Weekly.
2) The Stock has been in a Downtrend since (May, 2022) & In a Consolidation since (January, 2023) . Now It has given a consolidation / downtrend breakout & Closed with good bullish momentum in Weekly Time Frame.
3) The stock will find it's next resistance around the price 112.75 (13.75%) from the price 99.15.
4) Recommendation - Strong Buy
Min 10% returns1.Strong Trendline rejection
2.once the chart sustains above 149 level it can go up for sure
3.volume also increasing
GOODYEAR | Daily Chart | Golden ratio pullbackChart analysis:
Pattern: Symmetric triangle pattern BO happened and re-testing of BO is happening.
Breakout: BO of 1.5 years trend line and support is taken at 0.618 which is Golden Ratio .
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 1400 price break candle.
Stop loss: Below 1320.
Target 1: 1512.5
Target 2: 1623.8
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
CENTURYPLYBIRLACORPN
52week breakout with volume rise and very important point is stock is retext & give a good support zone which is already broken resistant zone with h volume .
respect SL ... like me of discipline trader
large multicap company .
.Company has delivered good profit growth of 19.3% CAGR over last 5 years
holdings :-)))
a) Promoters 73%
b)FIIs & DIIs 20%
c) Public 7 %
for MORE check in my TradingView ID
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🙏
PGHL-DO NOT MISS!Procter and Gamble health is a pharma stock which is on the verge of giving horizontal level breakout.
A weekly closing above 5500 will confirm the same.
Stock is looking very strong with rising volumes.
Keep in watchlist. This will be a slow stock.
INGERRAND's chart magic unveil: A Technical Analysis Masterclass
Hey traders and investors! Let's explore the exciting world of Ingersoll-Rand (India) Ltd today, NSE:INGERRAND incorporated in 1921 is engaged in the business of providing solutions for infrastructure development, industrial solutions and climate control markets. Today, the company has emerged as being amongst the largest exporters of engineered goods in India.
We're going to take a closer look at its stock through technical analysis, trying to uncover what the future might hold by looking at the past.
📊 The Confluence of Patterns: A Rare Spectacle
In the world of stock analysis, seeing several patterns break out at the same time is like discovering a treasure in the vast sea of stocks. We've found something special on the daily chart - a cup and handle, a triangle, and a rectangle all breaking out together. It's a rare and strong sign for those trading.
The Cup and Handle Breakout : A classic bullish signal, the cup and handle formation suggests a continuation of an upward trend. The beauty of this pattern lies in its simplicity and the robust move that follows the breakout.
Triangle Breakout : Triangles, often indicative of a consolidation phase, break out to signal the market's decision. The direction of the breakout provides us with clues about future price movements.
Rectangle Breakout : Symbolizing a period of consolidation where supply and demand find equilibrium, the rectangle's breakout points towards the market's resolve to move higher.
🔍 Volume Speaks Volumes
Volume is crucial in our analysis, acting like a storyteller for price movements. High volume on bullish days shows strong interest and buying, which is a great foundation for our predictions. Yesterday's price action, breaking out with convincing volume, lays the foundation for our analysis.
📈 The Retest: An Opportunity Knocks
Today's price action offers a golden opportunity as it retests the breakout levels with low volume. This behaviour is a textbook example of a successful breakout where the price seeks to confirm newfound support at previous resistance levels. Such retests are invitations for entry, with a clear risk management strategy in place.
🎯 Setting Our Sights: Targets and Strategies
The depth of the cup and the rectangle, mirroring each other, project a potential upside of 17%. Our goal isn't just to reach this target but to make the most out of the journey. Using trailing stop losses can help us catch the entire rally, turning a good trade into a great one.
Lastly, thank you for your support, your likes & comments. Your engagement fuels our quest for trading excellence. Remember, the path to trading mastery is both thrilling and challenging. Let the charts be your map and your analysis the compass.
"Embrace the journey, for every chart holds a story waiting to be told."
Please note: This analysis is for educational purposes only and not intended as a trading or investment recommendation. I am not a SEBI registered Analyst.
NATIONALUM | Multiyear BO | 16-years BO | Monthly ChartChart analysis:
Pattern: Basing pattern is formed. Consolidation might happen near breakout zone after a big rally.
Breakout: Basing pattern is broke the All Time High (ATH) price after 16 years.
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 148.40 price break candle.
Stop loss: Below Low of price breaking candle or previous candle.
Target 1: 226.35
Target 2: 257.5
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
GANDHITUBE | Weekly Chart | Rectangle Chart pattern | ATHChart analysis:
Pattern: Rectangle pattern is formed when the consolidation takes place.
Breakout: Rectangle pattern is breakout happened on 24-Jan-2024. Price might comes to 770 for re-test of the BO.
Volume: Spike in volume in BO candle indicating big players are interested.
Trade setup:
Entry price: Between 769.45 and 802.85
Stop loss: Below rectangle pattern i.e., 654.95
Target 1: 957.80
Target 2: 1260.65
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
GOLDIAM INTERNATIONAL SHORT TERM VIEWGOLDIAM INTERNATIONAL (DAILY TIME FRAME)
This stock Trading 193 level Now. This Stock breaking the resistance zone of 190 range with huge volume.
if this level sustains above 190 level expected to move 229, 250 and 333+++ on coming Days...
TATA STEEL SHORT TERM VIEWTATA STEEL
KEY RESISTANCE LEVELS (136/138).
The stock has been facing resistance at 136/138 levels multiple times. We saw a breakout candle on 2nd Feb.
Follow-up buying will lead the stock further higher.
Stock price if sustains above these levels Expected move upto 160 , 180 .
STRONG BREAKOUT IN ''SAIL'' (STEEL AUTHORITY OF INDIA)CMP : 128.10
STOPLOSS : 101.50
TARGET : 184.65
This is not a buy or sell call, analysis is shared for educational purpose.
Ascending Triangle Breakout + Double Digit stock - RENUKA📊 Script: RENUKA
📊 Sector: Sugar
📊 Industry: Sugar
Key highlights: 💡⚡
📈 Script is giving Ascending Triangle Breakout as shown in chart.
📈 Script is trading at upper band of BB and giving breakout of it.
📈 Already crossover in MACD.
📈 Double Moving Averages is giving Crossover.
📈 Volume increase along with price.
📈 Right now RSI is around 65.
⏱️ C.M.P 📑💰- 49.60
🟢 Target 🎯🏆 - 57
⚠️ Stoploss ☠️🚫 - 45
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
Bank Nifty Analysis post expiry!If you look at 30 min chart of Bank nifty for today session it was clear from start of the day that buyers are going take the session look at first 30 min candle a pure "bullish wick reversal pattern" it confirmed that options buyers will take over the day!!
Already discussed on 31st Jan analysis keep eye on opening for confirmation of trade. "Check" 45400 ce was trading at 200 at 10 am at 10.15 am it closed at 556 a net 323 points candle it makes your day!
lets look for tomorrow might be same action as today as bank nifty was trading in range in later sessions. But also failed to break resistance twice May take jump from last support at 45600. Still bullish side are bit stronger.
Gap down opening can change the view from bullish to bearish.
Resis - 46200,46550
Supp - 45670,45400
Borosil Renewables Ltd: Bullish Breakout Signals Analysis:
The provided chart of Borosil Renewables Ltd. on TradingView suggests a bullish breakout with potential for further upside. Here's a breakdown:
Current price: ₹608.75, up 7.45% from the previous close
Breakout: The stock decisively broke above the resistance level of ₹528.75,
Volume: Increased volume at the breakout point confirms strong buying pressure, supporting the bullish momentum
Moving averages: The price sits comfortably above both the 20-day and 50-day moving averages, indicating a potential trend reversal
Trading Idea:
Long position: Consider entering a long position if the price sustains above the breakout level (₹528.75) with continued buying pressure.
Target prices: Potential targets could be around ₹640 and ₹685, based on chart patterns and Fibonacci extensions.
Stop-loss: Place a stop-loss order below the breakout level (₹528.75) to manage potential downside risk.
Additional notes:
While the technical analysis paints a bullish picture, remember that the stock market is inherently volatile.
Always conduct your own research and consider fundamental factors before making investment decisions.
This analysis is intended for educational purposes only and should not be construed as financial advice.
Overall, Borosil Renewables Ltd.'s recent breakout presents a potentially lucrative opportunity for traders seeking long positions. However, practicing cautious risk management and thorough research is crucial before entering any trades.
I hope this analysis is helpful! Feel free to ask if you have any further questions.
Additional notes:
While the technical analysis paints a bullish picture, remember that the stock market is inherently volatile.
Overall, Borosil Renewables Ltd.'s recent breakout presents a potentially lucrative opportunity for traders seeking long positions. However, practicing cautious risk management and thorough research is crucial before entering any trades.
I hope this analysis is helpful! Feel free to ask if you have any further questions.
Disclaimer: I am not a financial advisor and this analysis is not financial advice. Please do your own research before making any investment decisions.
BITCOIN :- Resistance, Testing, and short Key Points:
Bitcoin currently hovers around $40,900, sitting on the lower edge of a sideways trading channel.
A confirmed channel break with strong volume could lead to a retest of $30,391 (previous breakout level).
Wait for price action to consolidate and confirm support at $30,400 before considering long positions.
Technical Analysis:
The price resides at the channel's support zone, testing its validity.
A breakdown through $40,900 with increasing volume signifies bearish continuation.
The RSI remains neutral, offering inconclusive momentum signals.
Strategy:
Neutral:
Observe price action at $40,900.
If a clean break with volume occurs, wait for confirmation of support at $30,400 before entering long positions.
Alternatively, a bounce off $40,900 with rising volume could indicate a potential trend reversal, warranting further observation.
Risk Management:
Prioritize risk management with well-placed stop-loss orders.
Adjust your strategy based on confirmed price action and volume patterns.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice.
Conduct your own thorough research before making any investment decisions
BUY TEXMACO RAIL FOR 2x RETURNBuy TEXMACORAIL 66, for 90/120 and 140 in medium term. Classical rounding pattern formation happening on weekly charts. Hefty volumes are there on daily/weekly basis.
LIC: Poised for a Breakout?Key Points:
LIC is currently trading at ₹906, near its IPO price of ₹906.
A breakout above ₹906 could signal a bullish move.
A pullback to ₹728 could offer a good entry point for long positions.
Technical Analysis:
The stock is testing a key resistance level.
A breakout would confirm a bullish trend reversal.
Volume is increasing, indicating growing interest.
The RSI is in the bullish zone, suggesting momentum is building.
Strategy:
Bullish:
Buy LIC if it breaks above ₹906 with a stop-loss at ₹880.
Target a move to ₹1050 and ₹1150 in the medium term.
Neutral:
Wait for a pullback to ₹728 to initiate a long position.
Risk Management:
Set a stop-loss to protect your capital.
Monitor the stock's price action and adjust your strategy accordingly.
Disclaimer:
This idea is for informational purposes only and does not constitute financial advice.
Always conduct your own research before making investment decisions.
HFCL's Journey: A Visual Exploration with Darvas BoxIntroduction:
Let's dive into the world of NSE:HFCL , a stock on a wild ride for the past 2.5 years. We'll uncover the story and see if there's a chance for a smart trade.
Past Analysis:
HFCL has remained in a range for the past 931 days or 133 weeks, indicating a prolonged consolidation phase.
Current Market Snapshot:
As of now, HFCL is priced at 84.6, a bit away from its 52-week high of 94.65. The recent surge in volume, particularly in the previous month's close, adds an intriguing layer to our analysis. HFCL is approximately 10.61% away from its yearly peak. What does this mean? Stick around to find out!
Darvas Box Unveiled:
Picture a magical box that helps traders pick winning stocks. That's the Darvas Box! We'll break down this strategy and explore why stocks near their yearly highs, like HFCL (10.61% away from its 52-week high), grab our attention. Is something special happening? Let's find out!
Risk Management 101:
It's not all sunshine and rainbows in the stock market. That's where risk management comes in. We'll chat about keeping your investments safe with stop-loss tricks, diversification, and other smart moves. Stay tuned for our tips on handling HFCL.
Conclusion:
In a nutshell, HFCL has a story to tell. We've looked at its history, explored the Darvas Box, and learned how to protect our trades. Exciting times ahead? It's up to you!
Disclaimer:
Before you jump in, remember this is a learning journey, not financial advice. We're here to explore and share knowledge, not predict the future. Do your own research, talk to the experts, and make decisions that fit your financial journey. Happy trading! 🚀
