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.
Head and shoulders pattern in the making Consider going long after breaching the neckline Target set at the depth of the head
* Script is at the supply zone in a weekly timeframe * Fib support at 78.6 level. * RSI at around 20 level * Upmove to the possible supply zone of 270+ on the horizon Note: This is purely my personal view and not a trading recommendation.
Everything is mentioned in the chart. Long term target of 125 range is possible.
* The stock exhibited a strong closing the previous day, surpassing the high of the previous month. * It found support at the 50% Fibonacci retracement level and the 200-day exponential moving average (EMA). * The initial target can be All-Time High (ATH), and based on Fibonacci extension analysis, a final target of 2300 is possible.
* Stock is testing the demand zone * Long wicks indicating buyers activity Target 1, 2 & 3 are mentioned in the chart Note: This analysis reflects my personal opinion and should not be taken as professional financial advice.
* Cup and Holder pattern * Height of the cup is the target * Single print zone will act as a resistance * Decent volume pumping in Note: This analysis is based on my personal views and should not be considered professional financial advice.
The stock has been absorbing supply since the last Buying Climax (BC) bar. It broke out of the BC bar and closed high today, supported by a significant volume candle. The stock dipped to test the supply with a Low Volume Test (LVT). Further confirmation of an upward trend will be indicated by a candle closing above today's high, potentially leading to...
* Effort to move up failed. Possible Buying Climax (VSA) * Far Away from 20 ema and it will attempt to come down * RR ratio looks good. Note: My personal analysis for learning purpose.
* Given a breakout as marked in the chart * Formed a cup & holder pattern * Retracement from 50% Fib level * Triangle pattern breakout * Target 1 - Triangle pattern depth * Target 2 - Fib level upside * Target 3 - Depth of the cup & holder pattern Note: This is purely my personal view and not a trading recommendation.
* Breakout * Volume * RSI * Well below 200 sma Ultimate Target can be 200 sma. Other targets mentioned. Note: This is not a trading recommendation, but my own personal analysis.
* Very low RSI * After heavy selling a green candle * Sellers are exhausted and getting absorbed by Buyers Note: This is my personal view and not a trading suggestion.
* Low RSI * Given Breakout, Post making low RSI * Taken a good support * Targets mentioned Note: This is not a trading recommendation, but my own personal analysis.
* Stock is at the demand zone * RSI is favourable Target 1 & 2 mentioned in the chart Note: This is my personal view and not a trading recommendation. Please take conscious decision.
* Wait for BO & retest. * Triangle pattern with good volume * Target 1 & 2 possible
* Triangle Breakout possible * Target 1 to 3 possible.
* Clear Triangle pattern * Wait for breakout for short * Below 200 ema * Target 1 & 2 possible
* Current at support & where the heavy buying came * If it breaks down, Target 1 & 2 possible