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Crude Oil Breakout Levels (Technical Analysis, Disclaimer Applies) Breakout Strategy: Long Entry: Above 6510 with sustained move (>90 points) above breakout point. Targets: 6560 - 6600 (profit targets based on potential price movement after breakout). Stop-Loss: Below 6400 (potential loss if price falls below support). Neutral Zone: Price remains between 6400...
SKL has had numerous partnerships throughout the year and has recorded its biggest ever month with 55 million transactions in May 2024. It has successfully broken out of both the falling wedges and retested the midline which previously was a resistance and is now turned into support What better time to buy when btc.d (bitcoin dominance) has topped out around...
Upon observing the ROSE chart, it's evident that the price trend was upward until March 10th, experiencing a substantial increase. However, the trend reversed on March 11th, as the price entered a correction phase, forming what seems to be a falling wedge pattern. This wedge pattern was observed as the price of ROSE cryptocurrency plummeted from $0.1850 to the...
It has broken 2015 high of 296 in Month of April 2024. Since then 296 is been acting as a strong support, which can be easily verify in last few session. Petronet is again at this level and can sho recovery. Movement above 300 is a buy for targets of 315 SL - 290
Today, for the first time, I took a trade based on the 3-minute Nifty chart. Nifty was forming a Double Bottom pattern on the 3, 5, and 10-minute charts. The RSI divergence served as my alert point. After verifying the other rules, I identified it as a viable trade. I exited with a 1:1 profit. I plan to conduct more forward testing during market hours. You may...
Long idea basis multiple confluence 1) Retraced back to 38.2 level of recent high 2) Hammer candle 3) Hammer candle closed about 50 ema 4) Cup and holder pattern. Target would be the depth of the cup, which comes to 1350 - 1400 Note: Personal analysis for educational purpose.
CMP 13700 Add on dips till 12500 SL CLB ( for traders 11700 ) Tgt's 14-15-17-19k ++++ Plz dont forget to Like/Boost & share this idea For more info - you can visit my profile Rgds, Naresh G SEBI Registered RA
Traders! Gold is making new lows and there are a number of reasons for that. Price after Friday's sell-off is returning to the downtrend boundary, which determines our medium-term outlook. So why is gold falling? The market is negatively affected by the strengthening of the dollar, due to positive Nonfarm Payrolls for the US market, which usually shapes the...
The current situation: On June 11, 2024, gold price is trading around the psychological level of 2300 USD/ounce, increasing significantly compared to the previous closing. This increase takes place in the context of weakds of the dollar and the yield of bonds decreases slightly. Impact factors: -Global monetary and economic policy: Investors are expecting...
As the stock breaks through its weekly resistance level, it's like breaking through a barrier, signaling potential for a price increase. The MACD indicator, which tracks momentum, just showed a bullish signal by crossing its signal line, indicating upward movement. This is further confirmed by a surge in trading volume, suggesting increased investor interest....
Description: Nestle demonstrates a potential trend reversal with a bullish engulfing pattern, supported by the 200 SMA and positive MACD. This confluence of signals suggests a shift towards bullish sentiment. It's essential to remember that this analysis is for educational purposes and not a recommendation to trade. Consult with a financial advisor before making...
The SUI has followed the decline of BTC on the daily chart, in the last seven days from June 11th price-performance was bearish. The BTC Declined by -5.85%, while SUI also followed the lead and degraded by -16.25 %. At press time, SUI traded at $1.0130 with -a 1.98% dip, while, BTC at $67659 with an -2.65% intraday fall. BTC appears to be approaching the $66150...
The SUI has followed the decline of BTC on the daily chart, in the last seven days from June 11th price-performance was bearish. The BTC Declined by -5.85%, while SUI also followed the lead and degraded by -16.25 %. At press time, SUI traded at $1.0130 with -a 1.98% dip, while, BTC at $67659 with an -2.65% intraday fall. BTC appears to be approaching the $66150...
Based on technical analysis, I believe crude oil is likely to break through the minor rejection trendline and move upwards towards the higher trendline. At the current stage, our entry point is around 6500, with target levels set at 7000 and 7300. Furthermore, I anticipate that this time it will break through the major trendline, initiating Wave 3 and...
TATA CONSUMER PROUCTS (1D TF) - Swing Trade Analysis given on 11th June, 2024 Pattern: FALLING WEDGE BREAKOUT - Resistance Breakout - Done ✓ - Volume Buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - Done ✓ * Disclaimer