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Wedge

PEPEUSDT: Major Breakout or Major Breakdown? Yello, Paradisers! Is PEPEUSDT gearing up for a bullish surge, or are we on the brink of a breakdown? Let's dive in! 💎PEPEUSDT has broken out of its descending channel and formed an inverse head and shoulders pattern, which significantly increases the probability of a bullish move. But before we get too excited, let's break down what needs to happen next: 💎For this bullish pattern to be confirmed, we need to see a breakout and a candle closing above the resistance zone. This will solidify the probability of a bullish move. 💎In case of a pullback, there's a possibility of a double bottom forming at the support zone. To tilt the odds in our favor, it's wise to wait for a clear I-CHoCH (Internal Change of Character) here. 💎However, if the price breaks down and closes a candle below the support zone, it will invalidate our entire bullish setup. Stay disciplined and patient, Paradisers. Remember, consistent profitability comes from waiting for the highest probability trading opportunities. Play it smart, and avoid making emotional decisions. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
IndoBorax - Fibonacci Targets in sight after Breakout - DailyIndo Borax & Chemical Ltd. has recently broken out cleanly from a descending trendline. The Fibonacci retracement levels provide clear targets for the upcoming price action, making this an interesting setup. Technical Analysis: Descending Trendline Breakout: The stock has decisively broken out from a descending trendline, indicating a shift in momentum from bearish to bullish. Fibonacci Retracement Levels: The Fibonacci retracement levels drawn from the recent high to the low indicate potential resistance and support levels. Key observations include: Support at Fib 1: The price took support at the 1.0 Fibonacci level (₹171.10) post-breakout and bounced off strongly. Resistance at 2.618: The stock faced resistance at the 2.618 Fibonacci level (₹213.59) but has since taken support at the 1.618 level (₹187.33). Potential Target Levels: A daily close above ₹213.59 opens up the 3.618 level (₹239.86), with the previous high acting as another target at ₹232.21. Volume Analysis: The breakout was accompanied by a significant increase in volume. The Volume has spiked again today. Key Levels to Watch: Support: ₹171.10 (1.0 Fibonacci level) and ₹187.33 (1.618 Fibonacci level). Resistance: ₹213.59 (2.618 Fibonacci level) and ₹232.21 (previous high). Bullish Divergence on Weekly On the Weekly chart, you will also notice that there has been a Bullish Divergence where the price made a Lower Low, while RSI made a Higher Low, shortly before the Breakout. The RSI seems to be on an upward trajectory since, as you can see in the chart below. Let me know your thoughts in the comments. Please do Boost and Follow for more analyses! Disclaimer: This analysis is for educational purposes and should not be considered financial advice.
NSE:INDOBORAXLong
by gurinder1988
Is GLMUSDT About to Skyrocket? Don't Miss This Critical AnalysisYello Paradisers! Have you noticed the recent breakout in GLMUSDT? This could be the perfect setup for a major bullish move, but let's dive into the details to understand why. 💎GLMUSDT has broken out of its descending channel, showing a Change of Character (CHoCH) towards a bullish market structure and forming an inverse head and shoulders pattern. These factors combined significantly increase the probability of a bullish move. 💎However, for confirmation, we need to see a breakout and candle closing above the resistance zone. This will not only validate the inverse head and shoulders pattern but also solidify the bullish outlook. 💎In the case of a pullback, we can expect a potential double bottom formation from the support zone. For confirmation, it’s prudent to wait for an internal Change of Character (I-CHoCH) towards a bullish market structure to increase the probability in our favor. 💎Conversely, if we see a breakdown and candle close below the support zone, it will invalidate our entire analysis. Stay focused and disciplined, Paradisers. The right opportunities come to those who wait and act strategically. Remember, consistency is key in this volatile market. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
ANTONY WASTE - RISING WEDGE FOLLOWED BY FALLING WEDGE (BO)Hi All, This idea is about Antony Waste Handling Cell Ltd Fundamentals Market Cap - 1419 Cr Stock PE - 16.5 ROE - 16.3 ROCE - 13.9 Promoter Stake - 46.1 Quick Ratio - 1.3 D/E - 0.78 Antony Waste Handling Cell Ltd is engaged in the business of mechanical power sweeping of roads, collection and transportation of waste, waste to energy project and undertake the designing, construction, operation and maintenance of the integrated waste management facility in Kanjurmarg, Mumbai. Technicals Since June 23, the price action followed a rising wedge & then the pattern changed to falling wedge since Feb 24. With the Daily price action it seems to be coming out of falling wedge formation & developing a new pattern Immediate targets are marked as T1 and T2. Would suggest the price to rise atleast 3% post closing to confirm the continuation. Happy Trading, Thanks, Stock-n-Shine
NSE:AWHCLLong
by Stock-n-Shine
MEMEUSDT: Cup & Handle Pattern Could Signal Major Reversal!Yello Paradisers! Are you ready for a potential breakout that could send MEMEUSDT soaring? Let's dive into the latest technical analysis and see what's brewing. 💎MEMEUSDT has recently broken out of a descending channel and is currently showing consolidation. This consolidation is forming a classic cup and handle pattern, which typically increases the probability of a reversal. 💎However, to confirm this bullish move, we need to see a breakout and candle closing above the resistance zone. This would significantly enhance the likelihood of a strong upward move. 💎On the other hand, if a pullback occurs, we might see a potential double bottom forming at the support zone. For confirmation of this bullish structure, we need to observe an I-CHoCH (Internal Change of Character) indicating a shift towards a bullish market structure. This would further increase the probability in our favor. 💎But caution is key! If MEMEUSDT breaks down and closes candle below the support zone, it will invalidate our bullish scenario. 🎖 Remember, patience and discipline are crucial in trading. Stay focused and make strategic decisions. This is the only way you can achieve long-term success in your crypto trading journey. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
SENCO - POST 20% CORRECTION, PA MIGHT REVERSE FRM BOTTOM CHANNELHi All, This idea is about Senco Gold Ltd The stock has corrected over 20% in this month alone & now have reached the lower channel of rising wedge formation. Volumes have dried up indicating the supply may have exhausted & Price action might soon reverse from this point Stock can be bought if it gives a closing above 980 for further targets of T1 1010, T2 1070, T3 1150. If the stock shows further downside then the support levels are S1 916, S2 864 The correction is due to poor quaterly results owing to heat wave, elections, and fewer wedding days although the sales was up 9% YoY Fundamentals Market Cap ₹ 7,398 Cr. Current Price ₹ 952 High / Low ₹ 1,177 / 365 Stock P/E 39.2 Book Value ₹ 177 Dividend Yield 0.11 % ROCE 13.4 % ROE 16.2 % Face Value ₹ 10.0 Equity capital ₹ 77.7 Cr. No. Eq. Shares 7.77 EPS ₹ 24.3 Promoter holding 68.4 % Change in Prom Hold -0.01 % Chg in Prom Hold 3Yr % Pledged percentage 0.00 % Market Cap to Sales 1.41 Sales growth 28.3 % PEG Ratio 1.92 EVEBITDA 20.3 Quick ratio 0.40 Trade receivables ₹ 64.4 Cr. Sales ₹ 5,230 Cr. Debt to equity 1.28 Price to book value 5.37 Free Cash Flow ₹ -324 Cr. CMP / FCF -42.4 Happy Trading, Thanks, Stock-n-Shine
NSE:SENCO
by Stock-n-Shine
Is RUNEUSDT Poised for a Bullish Breakout?Yello, Paradisers! Could RUNEUSDT be gearing up for a bullish breakout? Let’s break down the latest analysis and see what levels are crucial for this move. 💎RUNEUSDT is currently in a descending channel and has formed a cup and handle pattern, increasing the probability of a bullish move. However, we need more than just patterns to confirm the trend. 💎We need a breakout of both the descending channel and the resistance zone of the cup and handle pattern to confirm a bullish move. 💎If there's a pullback, we can expect a potential double bottom pattern at the support level. To increase our confidence, we should wait for an I-CHoCH (Internal Change of Character) indicating a shift towards a bullish market structure. 💎If the price breaks down and closes below the support level, it will invalidate our bullish scenario. In this case, it's better to wait for a more favorable price action to develop. Remember, Paradisers, trading is about discipline and patience. Wait for clear signals before making your move. Stay focused and play it smart! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Bitcoin cash good rising pattern from the bottomSimple breakouts price action seen in Bitcoin cash. It has lot of potential. Treadline breakout is already done in day timeframe. Retesting it and booooom…. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
Long
by ashishhc
5
QTUMUSDT: Will This Breakout Lead to a Major Bull Run?Yello Paradisers! QTUMUSDT has broken out of a falling wedge pattern, increasing the probability of a bullish move. But, can we trust this breakout to lead us to significant gains? 💎For confirmation, we need a breakout and candle closing above the resistance zone. This will increase the likelihood of a bullish move, potentially driving the price to the next resistance levels. 💎However, if we see a pullback, we might witness a potential triple bottom pattern forming from the support zone. For this to confirm, we need an I-CHoCH indicating a shift towards a bullish market structure. 💎But beware, if there is a breakdown and candle closing below the support zone, our bullish outlook will be invalidated. Stay vigilant, trade smart, and let's navigate these market moves together! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Could This Be the Turning Point for SXPUSDT? Don't Miss Out!Yello, Paradisers! Have you been keeping an eye on SXPUSDT? We've spotted a crucial pattern that could signal a major move. Here's the breakdown: 💎SXPUSDT has formed a falling wedge pattern, which typically increases the likelihood of a bullish breakout. However, to confirm this, we need to see a breakout and a candle closing above the resistance zone. This will significantly enhance the probability of an upward move. 💎If we experience a pullback, a bounce from the support zone is expected. For confirmation, we need to observe an I-CHoCH (Internal Change of Character), which will further tilt the odds in our favor. 💎On the flip side, if there is a breakdown and a candle closes below the support zone, it will invalidate our bullish outlook. 🎖 Remember, Paradisers, patience and discipline are key. Stay focused, follow your strategy, and avoid making emotional decisions. Only those who understand the market cycles will benefit in the end. Trade smart, stay disciplined, and keep mastering your willpower. This is how you make it long-term in this market. Be a PRO! 💪 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
AVAXUSDT: Bullish Breakout or False Hope?Yello, Paradisers! 🌟 Are we about to witness a bullish breakout for AVAXUSDT? Let's dive in and find out! 💎AVAXUSDT has taken liquidity and formed a W pattern, breaking the descending channel. These factors are increasing the probability of a bullish move. However, for confirmation, we need a breakout and candle closing above the resistance zone, which will signal a strong bullish move. 💎While some might consider going long from here from the current price, But it's a low-probability setup. Therefore, it's better to ignore it for now. The overall crypto market has also shown bullish tendencies, but a pullback is expected. So, it's wiser to wait for better opportunities. 💎On the flip side, if there's a breakdown and the candle closes below the bullish order block, it will invalidate our bullish outlook. 🎖Remember, patience and discipline are key in this volatile market. Stay focused and wait for high-probability setups. This is how you make it far in your crypto trading journey. Be a PRO💰 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
Nifty Reaches 24,500 Target: Elliott Wave Analysis Disclaimer: ------------------------ Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. WaveTalks - Market Whispers: Can you hear them? ---------------------------------------------------------------------------------------------- General Election 2024: Impact on Nifty The 2024 General Election resulted in a clear victory for the existing NDA government, with Prime Minister Narendra Modi securing a third term. This political stability had a positive impact on the Indian market index, Nifty. ----------------------------------------------------------------------------------------------- Pre-Exit Poll Movement Before the election results were declared, we proposed an outlook for Nifty to reach 24,500 as a pre-exit poll objective. This prediction was published on TradingView as "Pre-Exit Poll Outlook - Bulls above 22,400 " on 31st May 2024. ----------------------------------------------------------------------------------------------- Achievement of Target Following the election results, Nifty saw a significant rise from the lows of 21,281 on June 4, 2024, and successfully reached our proposed target of 24,500 on July 12, 2024. However, there was a knee-jerk reaction as the index failed to surpass the 400-seat mark announced during the election campaigns, leading to some volatility when the actual results were declared on June 4, 2024. ----------------------------------------------------------------------------------------------- Unfolding Structure: The Leading Diagonal Since early March 2024, we have been discussing the potential for an explosive upside based on a leading diagonal pattern, also known as a Rising Wedge in traditional analysis. This Elliott wave pattern typically indicates a bullish trend, especially in the context of the 2024 General Election. We believed in the bullish scenario and termed it the "Leading Diagonal," expecting significant market movement. ----------------------------------------------------------------------------------------------- Why I Believe in Wave Analysis As a Wave Analyst, my journey began with a curiosity about the market's patterns and behaviors. Eight years ago, in 2016, I started writing for TradingView and was given an opportunity to look into India Business for the brand during its early expansion years in India. On a personal front, I progressed to learn the nuances of wave analysis and started applying them to publicly traded liquid financial instruments. The results were astounding, providing 90-100% accuracy in the analysis. The science behind wave analysis is robust, but it does come with the limitation of alternate views if the price breaches the cardinal rules. More details on this will be discussed in my upcoming book on wave analysis (no ETA available at the moment). ----------------------------------------------------------------------------------------------- Pattern Analysis Rising Wedge: Often seen as bearish or bullish from a traditional technical analysis point of view, Elliott Wave analysis goes one step further by identifying the pattern's nature as bullish or bearish and can complement the unfolding events. General Election 2024: The election acted as a catalyst for the bullish trend. Patience Rewarded: Participants who held their positions since October 2023 are now reaping the benefits. ----------------------------------------------------------------------------------------------- Future Outlook Key Psychological Level: 24,500 Nifty holding above the 24,500 level is crucial. If the index continues to bounce above this level, we anticipate the bull run to persist. Target: 27,620 Our next target is 27,620, where the current rising wedge in Wave-1 should travel 162% of the minimum distance if this is to be Wave-3. ----------------------------------------------------------------------------------------------- Additional Insights Reliance Long Term: Nifty Explosive Series Episodes Starting Comex Copper: These episodes as published on TradingView earlier, hinted at an explosive Nifty to unfold and how Dr. Copper’s move supported the outlook. This should be discussed as a different branch of technical analysis called Intermarket relations in my book, suggesting a strong bullish sentiment. In conclusion, the political stability from the 2024 General Election has propelled Nifty into a strong bullish trend, with a key psychological level at 24,500 and a future target of 27,620. ----------------------------------------------------------------------------------------------- Regards From WaveTalks Abhishek
NSE:NIFTYLong
by WaveTalks
3
SUNDARAM FINANCE - RISING WEDGE SINCE AN YR Hi All, This idea is about Sundaram Finance Holding Fundamentals Market Cap - 6k Cr Mkt Cap/Sales - 20.9 ROE - 12% P/BV - 1.27 Div Yield - 2.81% Technicals Price action has been in a rising wedge pattern since Jul 23 & currently consolidating at the bottom of channel for past few days. It can give a upmove of nearly 25% in very short term. Traders can take positional trades to capture the move. There is a small resistance for which traders need to be careful. Price reverted twice from that level SL will be lower channel breach Hope for a successful trade, Thanks, Stock-n-Shine
SLong
by Stock-n-Shine