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Wedge

Bank Nifty - March 4Price gave very good movement on friday. Now it has formed rising wedge pattern which is bearish. Will the price move up or fall down? Pattern : Wedge. Range : Medium. Trend strength : Normal. Buy Above : 47320. Stop Loss : 47240. Targets : 47400, 47480, 47560 and 47660. Sell below : 47120. Stop Loss : 47200. Targets : 47040 ,46940, 46860 and 46780. Check the live market updates. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:BANKNIFTY
by vanathi
6
UTK Breakout Alert: Bulls on the Move!🚀🔥"💎UTK has recently broken out of a descending channel and formed a W pattern, accompanied by signs of increasing bullish momentum indicated by CHoCH. 💎Should UTKUSDT successfully breach the resistance zone, it would confirm the W pattern formation, potentially leading to targets reaching the next resistance levels. In the event of a pullback, we can anticipate a bounce from the Bullish OB area, with confirmation ideally provided by a bullish candlestick pattern. 💎However, should panic selling occur and lead to a breakdown below the Bullish OB level, it would be prudent to exercise caution and wait for clearer price action signals before making any trading decisions.
by MyCryptoParadise_Nathan
Gala: Bullish Reversal Ahead! Watch for Breakout Confirmation 🚀💎 GALA has recently broken out of a descending channel and formed a cup and handle pattern, indicating a potential bullish reversal. Additionally, the price has exhibited signs of CHoCH (Change Of Character) and BOS (Break of Structure), further supporting the bullish market structure and increasing the likelihood of a bullish move. 💎If GALAUSDT manages to break above the resistance level, it would confirm the cup and handle pattern and could lead to a bullish continuation towards the next resistance level. In the event of a pullback, we can anticipate a bounce from the bullish OB (Order Block), especially if accompanied by bullish candlestick patterns, which would provide confirmation of the bullish bias. 💎However, if the price exhibits sharp declines with significant red candles, it would be prudent to exercise caution and wait for better price action confirmation before considering entry, as this could indicate a potential reversal or market uncertainty.
Long
by MyCryptoParadise_Nathan
CRV:Bullish Breakout Potential! Keep an Eye on Resistance Levels💎 CRV is poised to break out of a resistance level, which would be considered bullish as it signifies a potential breakout of both a W pattern and a descending channel. 💎 If CRVUSDT successfully breach the resistance level, the next targets could be expected towards the subsequent resistance levels. In case of a pullback, a bounce from the demand area can be anticipated, especially if accompanied by proper bullish candlestick patterns within the demand zone. 💎 However, if CRVUSDT breaks down below the demand level, it would be advisable to exercise caution and consider ignoring it in that scenario. This decision is based on the premise that a breakdown below the demand level may indicate underlying weaknesses in the asset, potentially leading to further downward movement.
Long
by MyCryptoParadise_Nathan
OGN: Bullish Breakout Signals Potential Upside! Watch Key Levels💎 OGN has broken out of a descending channel, accompanied by the formation of an inverse head and shoulders pattern, indicating a shift towards a bullish market structure. Additionally, there's evidence of a Change of Character (CHoCH) in the price, further supporting the bullish sentiment. 💎If OGNUSDT manages to break above the first resistance zone, which also coincides with the neckline of the inverse head and shoulders pattern, we can anticipate a bullish movement towards the next resistance levels. In the event of a pullback, if the price retraces to the bullish OB (Order Block) and demonstrates bullish candlestick patterns, it could signify a potential bounce from that level. 💎However, if the price breaks down below the demand area, it would be prudent to exercise caution and consider ignoring OGNUSDT. This decision is based on the broader bullish sentiment prevailing in the overall market, coupled with the upcoming halving event. If OGN's price declines amidst a bullish market backdrop, it may suggest underlying weaknesses, making it less attractive for trading or investment purposes.
Long
by MyCryptoParadise_Nathan
DASH : : Bullish Breakout Potential! Keep an Eye on Key Levels💎 DASH has broken out of a descending channel by forming a W pattern, which typically indicates a higher probability of a bullish move. 💎If DASHUSDT manages to break above the resistance level, it could signal further bullish momentum. However, if the price experiences a pullback, traders may anticipate a bounce from the bullish OB area. Confirmation of this bounce could be sought through the formation of a bullish engulfing candlestick pattern. 💎On the other hand, if the price breaks below the bullish OB area, it may be prudent to avoid trading DASH at that time, as it could indicate a shift towards bearish sentiment in the market.
by MyCryptoParadise_Nathan
Bottom Wedge - Bullish Signal!Honda India Power Products Ltd The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. Pattern : Bottom Wedge Shows two converging trendlines as prices reach lower highs and higher lows. This pattern may suggest a slowing of downward momentum and a possible upcoming upward price movement. Traders often look for breakout points above the upper trendline as a signal to enter a long position. PLEASE NOTE THAT: This chart analysis is only for reference purpose. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade
NSE:HONDAPOWER
by hardeepssethi
MANA: Bullish Breakout Alert! Watch for Confirmation💎 MANA has broken out of a descending channel, forming an inverse head and shoulders pattern, indicating a potential bullish reversal. Additionally, the price action is showing signs of bullish momentum, further increasing the likelihood of a bullish move. 💎 If MANAUSDT successfully breaks above the resistance level, it may signal a continuation of the bullish trend. However, if MANA experiences a pullback, it would be prudent to wait for it to reach the next support level + bullish Order Block (OB) zone before considering entry. A bounce from this area could provide a favorable entry point. 💎 On the other hand, if MANA breaks down below these levels or exhibits panic selling behavior, it may be wise to avoid trading it until the market conditions stabilize and clearer signals emerge.
by MyCryptoParadise_Nathan
CVX: Bullish Breakout Imminent! Keep Watch for Confirmation 💎 CVX has recently broken out of a descending channel, indicating a potential shift towards bullish momentum, especially with the formation of a W pattern and the presence of CHoCH, signaling a change in character towards a bullish structure. 💎Currently, the price is approaching a resistance level. If CVX manages to break above this resistance, it could signal further bullish movement. Conversely, if there's a pullback, traders may anticipate a bounce from the bullish Order Block (OB), which also acts as a demand area. 💎However, it's essential to be cautious if CVX experiences panic selling and breaks below the bullish OB. In such a scenario, it may be prudent to avoid trading CVX until clearer market conditions emerge.
by MyCryptoParadise_Nathan