ATAUSDT: Is a Massive Bullish Reversal on the Horizon?Yello, Paradisers! Are you ready for a potential bullish move on ATAUSDT? Let's break it down!
💎ATAUSDT has formed a falling wedge pattern, a setup known for signaling bullish reversals. While the price has already broken out of this pattern, caution is key due to the current short-term bearish trend across the broader market.
💎Before diving in, it’s wise to wait for a Change of Character (CHoCH) toward a bullish market structure to confirm the move. This could give us the green light for a stronger uptrend.
💎If we see a direct breakout above the resistance zone, it could be a high probability sign. Such a move would suggest a CHoCH on a higher time frame, aligning with a bullish market structure and potentially leading to a significant upward move.
💎On the flip side, if the price breaks down and closes below the demand zone, this would invalidate our bullish outlook, signaling that it’s time to reassess the situation.
Remember, Paradisers, patience and discipline are the keys to navigating these market waters successfully. Stay sharp and wait for the right confirmations before making your move. This is how you make it in the winner’s circle!
MyCryptoParadise
iFeel the success🌴
Wedge
Mid cap nifty - Aug 12Price is moving up slowly and friday movement was narrow range which formed a small falling wedge.
Buy above 12640 with the stop loss of 12600 for the targets 12680, 12720, 12760 and 12800.
Sell below 12550 with the stop loss of 12590 for the targets 12510, 12460 and 12420.
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.
BBTC - Swing Trade Analysis - 12th August #stocksBBTC - BOMBAY BURMAH TRADING (1D TF) - Swing Trade Analysis given on 12th August, 2024
Pattern: FALLING WEDGE BREAKOUT
- Resistance Trendline Breakout - Done ✓
- Pullback Candle from Weekly Support Zone - Done ✓
- Volume Buildup at Resistance Trendline - Done ✓
- Demand Zone Retest & Consolidation (for a small SL and a better RR) - In Progress
* Disclaimer
Nifty at a Glance: This Week's Market MomentumNifty Outlook: A Pivotal Week Ahead
Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850.
Adding to the bearish tone, Nifty has broken down from a Rising Wedge pattern, with a potential target around 21,300. This week is critical—watch these levels closely as the market navigates this pivotal phase.
#UJJIVANSBF .......Mid to long term bullish view NSE:UJJIVANSFB
As a Elliott wave practitioner I can say we are in impulsive wave.
Currently 4th wave going on which is nearly to end.
4th wave support 40 or in worst case 38
5th wave target could be 72 (if not then previous high)
In long term view I can say that a bullish pattern forming
Which called " Cup & Handel " pattern
Long term price target 110.
Stock is providing a good dividend yield of 3.55%.
Company is expected to give good quarter
Company has delivered good profit growth of 45.0% CAGR over last 5 years.
#sbi card.........cmp-709.80NSE:SBICARD
My primary view I bullish until it's hold 700-702 level
I am assuming that 1st wave completed and 3rd wave
going on.
Currently we are in 2nd wave (1 of 3rd) which probably
end on monday then we started wave 3rd which leads
price to 742.
Overall if the correction has been completed ( weekly
chart suggest ABCDE pattern which is almost end )
then 3rd wave target near 850.
Disclaimer- I am sebi registered. This idea only for educational
purpose .
RISING WEDGE PATTERN IN NIFTY 15 MIN CHART HAS STRONG RESISTANCERising wedge pattern of nifty 50 has strong resistance & weak support. index is not likely to break further as last trading session has not seen any strong long buildups just some short coverings.
OI CHANGE -3.25 % AND PRICE INCREASE 1.11%.
Bata India Breakout OpportunityBata India is on the verge of a breakout, showing promising potential. However, to manage risk, set a stop-loss at 1470. If the breakout succeeds, the target is 2315. This setup could offer a substantial reward. Keep an eye on this stock for a potential trading opportunity. 🚀👟
Will history repeat? An 8-10% correction after hitting 127%?We went through the charts, and since 2022, Bank Nifty has been hitting the 127% extension and then correcting 8-10%.
People say history repeats itself, and if this is true, we might see a 5000-point fall in Bank Nifty.
This analysis is for educational purposes only. Please do your own analysis before making any financial decisions.
Regards,
Team WaveMoku
#MRPL. WXYXZ PATTERN VISIBLE...........NEED MORE CORRECTION Current price...201
Three drive bullish pattern forming
WXYXZ pattern forming which leads price to 160.
Behalf of Three drive pattern correction should be end in August last or September first .
These are only assumption. Sharing my idea only for educational purpose. NSE:MRPL NSE:MRPL
Midcap sensing big fallMidcap select index is loosing strength now. if it’s not able to sustain above 12770. The news down level targets are 12150 11600. If not able to defend 11600. Bounces will come but final levels are intact. Next big doors will be opened till 9800 which is 50% fibo retracement since 1 year stiff rise. Will keep updating here.
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.
Buy Nestle India: Bullish Wedge Retest OpportunityTrade Idea:
Nestle India recently broke out of a bullish wedge pattern and is now retesting the breakout level. Additionally, the stock has been rejected from the 200 EMA , which adds to the significance of the current setup.
Entry Point : Buy at ₹2500
Stop Loss (SL) : ₹2427
Target Price : ₹2890
The setup offers a small stop loss relative to the potential upside, making it an attractive trade. Ensure to manage your risk and stay updated on market conditions.
Disclaimer : This trade idea is for educational purposes only. Always conduct your own research and consult with a financial advisor before making any investment decisions.
MOL - TURNAROUND POTENTIAL WITH A FALLING WEDGE BREAKOUTHi All,
The idea is about Meghmani Organics
ABOUT THE COMPANY
Founded in 1986 as M/s Gujarat Industries, the company was incorporated in 1995 as Meghmani Organics Limited. The company manufactures Pigments and Agrochemicals through its 6 manufacturing facilities located in Gujarat. The company is amongst the top 3 Phthalocyanine based pigment players in the world and amongst the top 10 producers of pesticides in India. Meghmani Organics Ltd (MOL) manufactures green and blue pigment products, which are used to manufacture printing ink, plastic, paints, textiles, leather, and rubber.
TECHNICALS
The stock has been in a falling wedge pattern & has given a breakout. The breakout was sustained & has been testing first level of resistance at 88.65 multiple times.
Once it breaks it can move to 93 where next resistance lies
Fundamentals
Not a good last year but sales/profit showing symptoms of turnaround which is evident in price action
Thanks,
Stock-n-Shine
DOGECOIN: Rising wedge + R.O.C DivergenceDOGECOIN: Rising wedge + R.O.C Divergence
The Wolf of Zurich has detected an ascending wedge + A nice divergence on the R.O.C = Rate Of Change, which indicates the variation of the Momentum of the underlying.
To watch the 50 and 200 exponential moving averages
The Fibonacci and ICHIMOKU levels
Consolidation breakout is on the cards!Vguard has been consolidating from 2018 in a rising wedge pattern.
Today, the stock has given a breakout of its ATH and is currently looking bullish.
However, the best entry for the stock is 255-260 with a SL of below 235 DCB for minimum target of 300.
The stock can give multibagger after a upward breakout of the pattern.
Idea is shared for educational purposes and should not be considered as a recommendation.
BankNifty Rising Wedge Resistance - Breakout OR Breakdown?Bank Nifty: on the monthly timeframe, the 53,000 level stands out as a crucial resistance line. The market's next significant move is contingent upon a decisive close above this barrier in the lower timeframe. The current pattern resembles a rising 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🌴