BITCOIN ready for next move after consolidation as trend continuation pattern can be seen.
Inverse Head & Shoulder on Nifty50 (Daily Timeframe) suggesting a reversal from a previous important level.
Inverse H&S pattern on daily chart of BTCUSD (Bitcoin/USD)
Fundamental Highlights of 20 Microns 1. High Management Efficiency with a high ROCE of 18.47% 2. Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.34 times 3. Positive results in Jun 23 - OPERATING CF(Y) Highest at Rs 63.20 Cr - OPERATING PROFIT TO INTEREST(Q) Highest at 6.50 times - NET SALES(Q) Highest at Rs...
Fundamental Highlights of 20 Microns 1. High Management Efficiency with a high ROCE of 18.47% 2. Strong ability to service debt as the company has a low Debt to EBITDA ratio of 1.34 times 3. Positive results in Jun 23 - OPERATING CF(Y) Highest at Rs 63.20 Cr - OPERATING PROFIT TO INTEREST(Q) Highest at 6.50 times - NET SALES(Q) Highest at Rs...
Reasoning 1. Looks like a potential reversal and bottom has formed on NIFTY50. 2. Breakout after divergence on RSI. 3. Breakaway Gap after reversal shows good momentum. 4. Took support twice on Anchored VWAP and created a range.
1. Diversions on RSI with respect to Price 2. Value buy as price dropped by 77.60% from ATH to lowest low after ATH while Volume dropped by only 13.18% 3. BTC has started out performing other benchmarks 4. After taking support near Anchored VWAP Support, Breakout of last ATH level 5. Multiple levels breakout on RSI shows momentum
ADANIENT (Potential Reversal) Rationale 1. Price dropped by more than 75% whereas volume dropped only by less than 4% 2. Divergence on RSI in oversold territory. 3. Potential reversal from dynamic support of Anchored VWAP 4. Pivotal breakout of latest higher close