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Wedge

Dilip Buildcon Ltd forms Bottom Triangle/Wedge + Divergence A Bottom Triangle/wedge shows two converging trendlines as prices reach lower highs and higher lows. The price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend. There is divergence seen Price vs RSI and Price Vs MACD . 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:DBL
by hardeepssethi
EOS: Bullish Reversal Alert! Breakout Potential Ahead💎 EOS has recently broken out of the descending channels and formed an inverse head and shoulders pattern, which typically indicates a bullish reversal. Additionally, there has been a noticeable change of character (CHoCH) in the price action, suggesting a shift from a bearish to a bullish structure. 💎To confirm the bullish trend, it is essential for the price to break out above the first resistance level. This breakout would signal potential targets towards the subsequent resistance levels. 💎In the event of a pullback, if the price forms bullish candlestick patterns around the bullish Order Block (OB) levels, it could provide further confirmation of a bullish bounce. 💎However, if the price breaks down below all of these levels, the pattern would become invalid, indicating a potential shift back to a bearish structure. 💎Traders should closely monitor the price action of EOS, particularly around the resistance and OB levels, to gauge potential trading opportunities and adapt their strategies accordingly based on the prevailing market dynamics.
by MyCryptoParadise_Nathan
NIFTY prediction for tomorrow 16th FEB 24As we discussed NIFTY for today, it ended sideways. Now, if we look at the chart data: The market has already given a breakout as it expired today. It ended sideways to the upside while facing resistance at 21950. The market will be sideways in the range of 21800-21950. EMA has given bullish-crossover EMA(50,200). Which shows the market is in a good bullish phase. If we look at the OI data: Pcr = 0.96 shows a bullish signal. Also, 21900 has very good PE writing, which shows it's going to provide good support. On the upper side, there is good resistance CE writing at 21900, 21950, and 22000. that will provide nice resistance. FII & DII have yet to be released.- I will update you in the comments. The market should be sideways in the range of 21800-21950. if it breaks 21950 to the upside, I can expect a good bullish momentum till 22110, as has been marked in the chart. Reasons: Price > EMA(13,50,200) which shows nice bulls power. EMA golden crossover EMA(50,200) shows bullish trend. RSI ~ 60 but sideways with bullish divergence, which shows the market can move to the upside. OI data Pcr = 0.96 shows bulllish market sentiments. Price ~ VWAP, which shows market price and volume both are balanced. The market has a good range to go upside down. Verdict: Sideways in the range 21800-21950. Bullish if it breaks 21950 to the upside. Plan of Action: Iron condor in range(21800-21950) if it breaks to the upside, add a bullish position and exit a short position.
NSE:NIFTYLong
by finnova_
APT Analysis: Testing Resistance with Bearish Bias 💎 APT is currently testing the resistance trendline of a descending channel. Additionally, a closer look at the candles reveals that red candles are larger than green ones, suggesting a higher likelihood of a bearish trend. 💎The price is also indicating CHoCH, and it's currently at the bearish OB, coinciding with the Fibonacci 0.618 level and the resistance trendline of the descending channel. These factors collectively support a bearish outlook for APT at this level. 💎For confirmation of the bearish scenario, we would ideally need to see a bearish engulfing candlestick pattern. Previous price action has shown bearish reversals following such patterns at every low-high point. 💎However, if the price manages to break above the bearish OB, we may witness a bullish movement. Still, it's important to exercise caution as such moves can be deceptive. Therefore, I would advise against considering bullish scenarios for APTUSD at this juncture.
by MyCryptoParadise_Nathan
APE Analysis: Bullish Breakout Potential 💎 APE has broken out of a descending channel and is also displaying signs of CHoCH in the price, indicating a potential bullish move from here or after a pullback from the Bullish OB zone. 💎If APEUSDT breaks out directly from its current position, we can anticipate targets until the next resistance zone. Alternatively, if APE experiences a pullback from its current position and starts finding support at the Bullish OB zone, it could form a W pattern, a bullish reversal pattern. This setup would offer an entry opportunity with a small stop loss. 💎Nevertheless, if the price breaks below the Bullish OB level, I will provide updates accordingly. Considering the overall market conditions, a breakdown below the OB level may prove challenging
by MyCryptoParadise_Nathan
SNX Analysis: Bullish Breakout Signals Potential Upside Momentum💎 SNX has broken out of the resistance zone, which is now acting as support. Additionally, it has broken out of a falling wedge pattern and formed a W pattern in the support zone, increasing the likelihood of a bullish trend. 💎 Moreover, the price has exhibited a CHoCH (Change of Character) or a breakout of the previous swing, indicating a bullish trend. Given these factors, we can anticipate a bullish move from this point. Alternatively, there might be a retracement towards the demand area & expect a bounce from it. In either case, we can expect the price to move towards resistance levels, although it might be advisable to book small positions at each small resistance level. 💎 However, if SNX breaks down below the demand area, it would raise the probability of a bearish move.
by MyCryptoParadise_Nathan
SHIB: Bullish Momentum Building with W Pattern Formation💎 SHIB has broken out of a falling wedge pattern and is currently forming a W pattern on the demand level. There is also a possibility of a further retracement back to the demand area to gather more support. 💎For confirmation of the bullish reversal W pattern, we would need to see a candle closing above the resistance level of 948. This would validate the pattern, and we could then anticipate targets up to the next resistance levels of 1035 and 1107. 💎However, if the price declines below to the demand area, there could be a bearish move. Yet, considering the overall bullish sentiment in the market, it might be prudent to focus more on potential bullish opportunities and perhaps disregard bearish scenarios for now.
by MyCryptoParadise_Nathan
2
XRP Analysis: Potential Bullish Breakout from Descending Channel💎 XRP has rebounded from the demand area and is currently attempting to break out of the descending channel, which suggests a potential bullish scenario. To increase confidence in this upward movement, we need to see significant bullish candles. 💎For confirmation, we're looking for a candle closing above the small resistance level of 0.5411. A breach of this level could indicate further upside potential, with targets near the next resistance levels of 0.6237 and 0.6596. 💎However, if XRP retraces back to the demand area, we may see another bounce. Trading near the demand area carries risk, so caution is advised. A breakdown below this area would signal continued bearish control over XRP.
Long
by MyCryptoParadise_Nathan
1
Banknifty looking super bearishBanknifty has formed rising wedge pattern which is super bearish sign in the market. Also there is 200 EMA(purple line) support at the current closing level of banknifty. If somehow it breaks the 47500 levels and sustains below it for 5-10 minutes there will be big targets possible. Only disclaimer is HDFCBank has to support this down fall. Target1 47033 Target2 46500 Target3 45960 Target4 45480 Target5 44950 Best case scenario: Remember this is not possible in one day. This could be positional bearish trade. Because market has risen so much so if it breaks the rhythm it will be bit confusing scenario so will give some intraday spikes to take bear SLs but ultimately it will fall brutally. Worst case scenario: It could trap the bears around 47000 and reverse. In this market anything is possible but if the bulls are strong enough. they will surely defend at 47000 round levels. And they will defeat if it breaks it and then bear grip scenario possible. DISCALIMER: 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.
NSE:BANKNIFTYShort
by ashishhc
46