Play in a Range...NSE:ASIANPAINT trade at 3120. Support is @ 2700 Resistance is @ 3600.
stock trade in 900-1000 points since 3 years, You can watch its next resistance at 3600.
Breakouts
Looks promising!With exceptional ROE, strong interests from Institutions and with analysts recommending a buy, it seems like the stock will reach new highs.
I'm not a SEBI-certified advisor. My posts are just my ideas or trades I entered into. They may or may not work. I trade with a strict SL, and my RR is 3.
EurUsd → so bullishhello guys.
let's dive into eurusd
Breaking the Channel:
The price has broken out of a previous channel, which suggests a potential bullish momentum continuation. This breakout is marked as a significant event that has shifted the trend.
The Last High Broken:
The chart indicates that the last significant high around the $1.1169 level was broken. This breakout above the previous high is a strong bullish signal, suggesting further upward potential.
Internal Trendline:
There’s an internal trendline within the broader trend that could act as support if the price pulls back. The price might retest this trendline before moving higher.
Potential Bullish Move:
After breaking the last high, the price may retrace slightly to retest the breakout level or the internal trendline, before continuing its upward move.
The next potential target appears to be in the region of $1.1300, where the price may find the next significant resistance.
Current Price Action:
The price is currently hovering around $1.1166, slightly above the previous resistance, which now acts as support. This area will be critical in determining if the price continues its bullish trajectory or pulls back for a deeper retest.
This analysis underscores a bullish outlook for the EUR/USD pair, emphasizing the importance of the broken resistance level and the potential for further gains if the trend continues. Traders should watch for a retest of the breakout level to confirm the strength of the move.
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AEROFLEX IND - INVERSE HEAD & SHOULDER PATTERN BREAKOUT INVERSE HEAD & SHOULDER PATTERN BREAKOUT STOCK FOR SWING TRADING
BUY PRICE : 174
SL : 158 (only for swing traders)
TARGET : 196, 230 (32%)
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Massive Bull Flag on the Daily & Weekly, The breakout of this Bull Flag is going to bring BTC once again to heights we have yet to see. When we use a Trend Base Fib Ext, we can see the next Golden Pocket sitting up at $85.600. This is a continuation of the monster Cup & Handle we broke out from earlier this year.
GOlD → stick to the long positionhello guys.
I believe gold is still bullish and only long positions are logical.
Channel Breakout: The price of gold has broken out of the main ascending channel, indicating a strong bullish move.
Fake Divergence: A fake divergence was spotted, but the price continued to rise, rejecting bearish signals.
Support Zone: The price is currently hovering above a significant support zone (highlighted in blue), which could serve as a springboard for further upward movement.
Target: The next potential target lies near the upper boundary of the newly formed channel, around the $2,550 mark.
Summary
Breakout: Price broke above the main ascending channel.
Support: Holding above a key support zone.
Target: Aiming for $2,550 as the next potential resistance level.
___________________________
✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Westcost paper seems breaking out.It looks like a good short term breakout. My idea is to exit at the 2nd leg.
Grasim Weekly TF Breakout First Resistance -- 2709.6
Second Resistance --- 2734.3
Third Resistance --- 2776.5
First Support --- 2642.7
Second Support --- 2600.5
Third Support --- 2575.8
Positional long
Daily Avg. Delivery Volume %
21 Aug, 2024
68.0%
Week
56.5%
Month
59.0%
I'm buying thisI missed the dip but still time to buy this. If it pulls back I'll buy more. It's testing the demand zone after break out. Was consolidating since 10/2023. Is not done going up.
ICICI Bank Ltd: Ascending Trend Line and Potential Bullish BreakTechnical View
➡ Ascending trend line providing strong support
➡ Retrace from demand zone near 1150
➡ Next resistance at 1247
➡ Bullish breakout possible above 1192
➡ RSI at 52, indicating neutral momentum
#GLENAMRK PHRMA WEEKLY BREAKOUT #Glenmark
Buy level as how in charge.
Short term idea:- hold for position
Educational Purpose
XRP doubts for long positionI am trying to create a plan for XRP. As far as I know, this cryptocurrency carries a high level of risk. However, the chart appears to be very bullish to me after a prolonged period of consolidation. My strategy is to wait for it to reach one of the current fair value gaps on either the 4-hour or daily timeframe, and then make a move. XRP has already formed a swing low, so I anticipate a new swing high to be reached soon. BINANCE:XRPUSDT
Will USDCAD Fall ?Hey there,
We see in the weekly Chart USDCAD at the Strong Resistance level.....
In hourly timeframe we see market breakout the lower line of the trend.....and taking retest
we expect the big move....
Wait for the Confirmation
Good Luck
Descending Channel on USD/CHF @ D1This descending channel pattern has formed on the daily chart of the USD/CHF pair following a rising trend that lasted from the start of the year till May 1. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the candle preceding the breakout candle. It's not shown SL isn't shown on the chart. I will ignore bearish breakouts from this descending channel formation.
GBPUSD under sell pressureBased on the chart on 1H timeframe , It expect that the support line hold the price above 1.2830 but this area break clearly and price dropped.
So I have bearish outlook to this chart.
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INTRADAY, RIF, 0.11774, LONGIntraday idea.
The token is stronger than the market, sellers keep the price at the level itself and do not allow it to roll back, a large accumulation below the level can serve as a source of the initial breakout impulse.
Intraday, AMB, 0.008050, LONGIntraday idea.
The token is stronger than the market and does not react to BTC rollbacks, sellers keep the price at the level itself and do not allow it to roll back even after a false breakout, a large accumulation below the level can serve as a source of the initial breakout impulse. There is emptiness ahead; nothing will stop the token from moving forward.
TATAPOWER: Bullish Breakout with Key Indicators
Bullish breakout from resistance
RSI approaching overbought levels
Trading within a range since April
TURBO/USDT: LONG TRADE SETUP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
TURBO looks good here for a long. It breaks out from an descending triangle pattern and is currently retesting. Long some here and add more in the dip.
Entry range:- $0.0055-$0.0057
Targets:- $0.0062/$0.0068/$0.0073/$0.0078
SL:- $0.0052
Lev:- Use low leverage (Max 5x)
Wipro strong breakoutin my opinion now wipro share give strong breakout
for 1st Traget 610
2nd target 713
what you think guys?
GM BREWERIES - TECHNICALS plus FUNDAMENTALS - A STOCK TO INVESTINVESTMENT PICK of the year -- MONTHLY TIME FRAME BREAKOUT 🚀🚀
TECHNICAL VIEW
Overall view - - Technically this stock has given a shiny breakout in Monthly Time Frame of downward sloping trendline which suggest the stock have more potential and more bias upside.
Again, As per Elliot Wave theory, the stock has entered the 3rd wave which is the momentum wave in monthly timeframe.
KEY POINTS (TECHNICALS)
- Stock is trading All Time High
- It has given breakout in monthly time frame with power pack intensity of volume
- RSI (relative strength index) is above 70 in monthly as well as in weekly time frame which give momentum to the stock
- Price challenging upper Bollinger band which indicated the initiation of wave 3rd
LET'S TALK ABOUT FUNDAMENTALS
- Company's profit and sales are in increasing order 📈
- Company is fully debt free which gives an extra edge to company's growth
- Promoter's holding is 74% which is actually very good
- FII has increased its stake in last quarter
- Company's Price to Earning ratio (P/E ratio) is just around 13.9 to 14 compared to industry PE which is around 32, that indicated that the company is doing great in the industry and have more potential to grow in this industry
SOURCE- SCREENER.in and ticker finology
Conclusion
The stock is having bullish bias in long term as well as in short term analysing both - Fundamentally plus Technically, it can give us targets of 1300-1400 in long term, buying and averaging will be between 850 to 750
Disclaimer
I am not SEBI registered. consult your financial advisor before any kind of investment. All the studies and ideas posted here are for educational purpose.
THANK YOU
KARANN DINGRA 💰
IREDA ANALYSIS FOR THIS YEARIREAD has formed a strong base with high volume confirming yet another really towards 300+ target so hopp on and ride along this bull run stock
