TrendTechnician

TrendTechnician

Silver has recently experienced a breakout with a strong move to the upside. The monthly candle is still closing outside the highlighted trend line resistance, but the price rejected near the $30 level and closed the month near $26, creating a long upper wick that suggests strong resistance. While this technically qualifies as a breakout, the probability of...

TrendTechnician Updated 

I'm considering another short on the index. Here's the breakdown: Geopolitical Risk: The threat of World War 3 casts a shadow of uncertainty over markets. In times of crisis, investors tend to sell stocks and seek the safety of assets like gold. Tech stocks usually bear the brunt of the selloff. Overheated Tech: The tech sector has been thriving, but...

TrendTechnician

While the Nasdaq 100 is still up around 8% YTD, signs point to a potential cool-down phase for the index. Here's what's worth watching: Uncertainty around Fed Policy: While the Fed has hinted towards rate cuts, a reversal to interest rate hikes would be detrimental to the market, especially for high-growth tech stocks. Insider Selling: The recent wave of...

TrendTechnician

NEAR the Brink: From All-Time Highs to a 90% Plunge - Is a Reversal Imminent? As the crypto market buzzes with the potential of multiple ETF approvals, seasoned investors know that such pivotal moments can seen as the start of an explosive Altcoin Season. NEAR Protocol (NEAR), once basking in the glory of a $20 all-time high, has now retracted to under $2 - a...

TrendTechnician Updated 

Trading Range: BINANCE:LINKUSDT has been oscillating between $5 and $9.5 for the past 1.5 years. Today's Surge: LINK is up 17% today, hinting at a possible bullish momentum. Bitcoin ETF Impact: With potential Bitcoin ETF approval, a break above the $10 resistance for LINK could be on the horizon. Volume & Potential Play: A breakout should ideally be backed by...

TrendTechnician

NSE:BANKNIFTY On the weekly chart, there's a huge rising wedge shaping up for BankNifty. This week, we've tapped the trendline again. The weekly candle has got a significant wick at the bottom, showing buyers are still in the game. 📈 Support Zone: 41800-42000 Resistance Zone: 43800-44000 A drop below 41800 might kickstart a bearish run. Or, we could consolidate...

TrendTechnician

Nifty50 is right now at a super important spot, just above last month's lowest point of 19255. If it drops below 19200, we might see it go down fast to 19000 or maybe even lower. After falling 260 points yesterday, what's next? Will it keep going down or jump back up? 🤔

TrendTechnician

NASDAQ:TSLA A behemoth in the electric vehicle and clean energy sector that has always kept investors and market analysts on their toes with its stock price movements. Tesla had a tough time in 2022, seeing its stock price drop from $400 to almost $100. But things turned around this year. The stock price bounced back big time, going up by 200% from $100 to $300....

TrendTechnician

DraftKings Inc, a name synonymous with digital sports entertainment and gaming, has showcased a roller-coaster journey on the stock market. Let's delve into a simplistic examination of its performance, focusing on the key price actions and what lies ahead. In 2020, prior to the pandemic-induced market crash, DraftKings enjoyed a rally of about 90%, with its stock...

TrendTechnician

2022 wasn't kind to NASDAQ, starting at 16500 and then dropping to a low of 10440, which is a big 36% fall. But the first half of 2023 flipped the script with a solid rally almost back to 16000. This 6-month climb cooled off into a phase where the prices have been moving sideways, forming what looks like a bull flag. However, with the current unsettling situation...

TrendTechnician

Gold recently pierced through a key trendline on the daily chart, closing with a robust green candle, signifying bullish sentiment. This price action coincides with the escalating conflict between Israel and Palestine, a scenario historically known to bolster gold's safe-haven appeal. As geopolitical tensions mount, investors are increasingly eyeing gold as a...

TrendTechnician Updated 

The price of BPCL has been in a nice narrowing consolidation over several months now. I am expecting a breakout or a retest of the 415-420 levels with the upcoming earnings catalyst in the first week of Feb which would make this a good time to enter a long position for a medium to long duration as auto sales in the last quarter have been impressive. Entry could be...

TrendTechnician

A recent development on the Tata Motors stock chart has caught the eagle eye of traders and investors: a compelling breakout from a bullish pennant, coupled with a closure above its All-Time High (ATH). While these technical patterns portray a potentially lucrative picture, it's vital to delve deeper and understand the implications and strategies before jumping on...

TrendTechnician

The pharmaceutical sector, represented by Nifty Pharma, has been on a remarkable journey over the past three months, rallying approximately 30%. This surge has been characterized by a breakout above its previous all-time highs by more than 700 points. However, in recent days, Nifty Pharma has found itself trading within a range of 15,000 to 15,750, with the...

TrendTechnician

The price has broken down from a crucial level of support. Right now on the two-hour time frame, it seems to be respecting a diagonal level of support. A good entry point to go short might be to wait for it to break this level or for the price to retest the previous major level of support. There is also a strong zone around 72.5 which was acting as a previous...

TrendTechnician

Check Levels for reference