OKTA looking bullish Dec 3 2024OKTA is looking good to go long at current market price(cmp).
When we long at cmp the only issue is that the SL would be big.
Target would be $95++
If you have any doubts then feel free to DM me
Breakouttrading
XrpUsd - The beginning of the end?BITSTAMP:XRPUSD is actually attempting to invalidate my long term bullish case scenario.
Trading cryptocurrencies in general is not easy. You always experience two digit moves in single days and drops of -10% are never easy to digest. Looking at the higher timeframes is key though, also on XrpUsd. XrpUsd is still trading in the triangle formation and retesting the last bullish inflection point. My general optimism tells me that we will see a bullish rejection here.
Levels to watch: $0.42
Keep your long term vision,
Philip - BasicTrading
WAVESBuy WAVES and thanks me later.
waves is in accumulation phase and formed strong bullish divergence on weekly time frame.
If the accumulation box breaks to the upside we will witness the massive bulls rally towards 20+ level.
Crucial day for NAS100Today is a crucial day for the NAS100 index, as it faces a critical level at 21,245. The price action here will determine the short-term direction of the market. If NAS100 manages to break above 21,245, it could signal a continuation of its upward momentum, potentially reaching new all-time highs, with a target of 22,200 by January 2025.
However, if the index fails to break this level and instead stays in a range-bound consolidation for a few days, the price may hover in the current levels, waiting for further clarity. A key support level to watch is 20,700; if the NAS100 refuses to fall below this price, the index could build enough strength to push towards the 22,200 target.
On the other hand, if the index breaks below 20,700, it may retest the base of the channel at 20,517. A breach of this level could lead to further downside, with 19,500 as the next target, followed by 18,300. In the worst-case scenario, a breakdown could push the index all the way down to 17,400.
Thus, today's price action is vital for determining whether the NAS100 will reach new highs or face a deeper correction.
Voltas Ltd Technical Analysis1.Chart Pattern:
The stock has been consolidating in a descending channel, with a recent breakout above the upper trendline of the channel.
This breakout could indicate a bullish reversal if sustained.
2.Key Levels:
Support Zone: ₹1,670 - ₹1,700 (highlighted area).
Immediate Resistance: ₹1,732 (horizontal dashed black line).
Target 1: ₹1,762 (short-term resistance).
Target 2: ₹1,838 (medium-term resistance).
Target 3: ₹1,926 (long-term resistance).
3.Indicators:
RSI (14): Currently at 48.58, indicating neutral momentum. A move above 50 could strengthen bullish sentiment.
EMA Levels:
20 EMA: ₹1,697 (stock near this level).
50 EMA: ₹1,720.
100 EMA: ₹1,670 (acting as strong support).
200 EMA: ₹1,517 (long-term trend support).
4.Volume Analysis:
A significant spike in volume was observed during the breakout, supporting the bullish case.
5.Price Action:
The breakout candle indicates buying interest. If the stock holds above ₹1,732, it could move toward ₹1,762 and higher levels.
6.Risk-Reward:
Entry Zone: ₹1,700 - ₹1,732 (post-pullback to breakout zone).
Stop Loss: Below ₹1,670 (key support).
Target Range: ₹1,762 – ₹1,926.
Trading Plan
Bullish Scenario: A breakout above ₹1,732 and sustained momentum could lead to ₹1,762 and ₹1,838.
Bearish Risk: If the stock falls back into the channel and breaks below ₹1,670, the downtrend may resume.
Conclusion
Voltas Ltd. is at a critical juncture, showing potential for a bullish breakout. However, confirmation above ₹1,732 is crucial for the upward move. Traders should watch volume and price action for further clarity.
Gold filled the opening gapGold has successfully filled the opening gap and is now backtesting the hourly breakout that originated from the November 14th low. This critical retest of the breakout level serves as a potential turning point. With the gap closed and the backtest in play, the technical structure suggests that downside momentum could soon resume. Based on these factors, I am expecting gold to start its decline from this point...
Ethereum on Breakout || an action pack analysis with logics Hey everyone, i hope you all will be doing good!
Ethereum on Breakout, Let's discuss about this with logics:-
Today we have seen falling Resistance trendline pattern breakout in all major timeframes, I am discussing here in weekly timeframe. Ethereum was facing resitance since march 2024 followed by june and july and finally it has given breakout successfully today. Many things i have already marked on chart.
Let's go in some past of Ethereum chart, if you will check on chart it made all time high in nov 2021 at (4867.81) at that time chart was forming Head and Shoulder Pattern after that we have seen breakdown of H&S pattern in May 2022 and then price fell almost 64%, here i am talking from neckline breakdown to low at (879.80), according to the pattern of H&S neckline to head length was (56.67%) and it given target successfully in downside after perfect breakdown of H&S pattern. If we check from all time high (4867.81) in Nov 2021 to low (879.8) in june 2022 it fell (81.93%) and it started recovering in form of ascending triangle and we have seen that ascending triangle pattern breakout in Nov 2023 and then ethereum given one sided rally and risen almost (95%) and made high (4093) in March 2024. Now we have seen breakout in today's session. I am expecting it can take some resistance at march 2024 high (4093) and then next resistance we can see at all time high at (4867.81) and i believe we will breakout that as well after spending some time,,, Finally i am expecting 95% momentum from today's session in medium term and it can go towards 6900+
Let's discuss Some common news from the world:-
Spot Ether exchange-traded funds (ETFs) in the US reached a new record for daily inflows on November 29. BlackRock, the world's largest asset manager, was responsible for $250.4 million of the total inflows. Ether ETF inflows were higher than spot Bitcoin ETFs, which brought in $320 million on the same day. This is the first time that Ether ETFs recorded higher inflows than spot Bitcoin ETFs on days when both saw inflows. Ether ETFs took in $224.9 million in net inflows over the four trading days between November 22-27, while spot Bitcoin ETFs tallied $35.2 million in net inflows due to a heavy day of outflows on November 25.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
BANKNIFTY will go upwards a little moreDESCENDING RECTANGLE BREAKOUT -
Banknifty has broken ou t of a strong rectangle pattern on 15 min chart with good confirmation
GAP-UP BREAKOUT -
The breakout occurred with a gap-up indicating strong upwards momentum
SUPPORT FROM 30D SMA -
apartfrom this it had also taken support from 30D SMA during the closing of the previous day indicating there is potential for upward momentum
5-MIN TIMEFRAME -
the pattern and the breakout is even more clear on 5-min timeframe
NIFTY will breakout on the upside or downside soonRectangle Pattern Breakout - NSE:NIFTY is trading inside a rectangle pattern and will break out of the pattern anytime either upwards or downwards
Rectangle on 5-min Timeframe - Above is the nifty chart on 5-min timeframe which more clearly shows that nifty is trading inside a perfect formed rectangle pattern
Strong Resistance Level - Above is another image of nifty on 5-min timeframe indicating how the lower line of the rectangle had been tested 3 times already (including once yesterday) indicating the strength of the pattern
Target - target will be 95 points away from the place where the market breaks out on the rectangle. Upside or downside breakout both seem equally probable at this point.
PBI ready for a huge breakout to 12 and 16+This chart reflects a pivotal moment for PBI . A breakout above the $8.79 resistance and the downward trendline would be a strong bullish signal , with the potential to rally toward $9.92 and 12.11 and $16.06 in the mid-term. However, failure to break this level could result in consolidation or a retest of lower support zones. Monitoring volume and momentum indicators will be critical to confirm the breakout. W patterns are typically confirmed with a surge in volume as price breaks above the neckline. The W pattern sits within a falling wedge, meaning a breakout of the wedge would likely align with the W pattern's neckline breakout. This strengthens the bullish case.
There appears to be a "W pattern" (Double Bottom) forming within the larger falling wedge.
Characteristics of the W Pattern:
Two Distinct Bottoms:
The chart shows two prominent lows, one earlier and another more recent, which form the "legs" of the W. This indicates the price found strong support at similar levels.
Middle Resistance Level:
The middle peak between the two bottoms is near $8.79. A breakout above this level would confirm the W pattern, signaling bullish momentum.
Neckline Confirmation:
The neckline of this W pattern coincides with the $8.79 resistance level. If price breaks above this zone with volume, the pattern would complete, leading to an upward price move.
Target:
Target=Neckline+(Neckline−LowestBottom)
In this case:
Neckline = $8.79
Lowest Bottom = $5.47
Projected Target = $8.79 + ($8.79 - $5.47) ≈ $12.11.
Coiling upI just bought calls Feb 21st, strike 425. Price is coiling in the ascending triangle. Yo can also buy the stock, is safer. I think is going to break in a few days or couple of weeks.
#BALKRISHINDEarly Entry:
After the breakdown of a Rounding Pattern formed since Sept 21, It has shown renewed interest at the bottom of a channel both on the weekly with a hammer candle and a strong bullish bottom shaved engulfing on the daily! Entry above daily close of 2375. Morning Star at the bottom...
Safe Traders wait till Price closes above 200EMA or the Golden Crossover....
CRM potential Breakout to 424+CRM is setting up for a classic bullish breakout trade, showing multiple strong technical patterns that align with a high-probability long setup. The short-term moving average has crossed above the long-term moving average, a strong bullish signal indicating sustained momentum. CRM has shown strong bullish momentum, confirmed by multiple technical patterns. Look for increased volume on the breakout above $348 to confirm the move. The trade offers an attractive risk-to-reward ratio of at least 1:3, depending on the stop placement.
Ascending Triangle
Higher lows are forming as buyers step in at increasing levels, while resistance remains flat at $348. This shows accumulation and strong bullish sentiment.
Breakout Target: $348 + $76 = $424
Targets:
First Target: $ 400 (psychological level).
Final Target: $ 424
Trail stops once the first target is hit to lock in profits.
I will enter this week a position (options) and will update this post accordingly.
FILUSDT in our watchlist, Weekly Breakout ICT Long setup!👋Hello Traders,
Our 🖥️ AI system detected that there is a H4 or higher timeframe ICT Long setup in
FILUSDT for swing trade (a couple of weeks)
Here is a swing trade idea (since it is near support surface, we should use small lot size)
Please refer to the details Stop loss, Buy Zone,open for take profit.
We are waiting for next Long setup after price discount in coming days.
Crypto is highly risky, please do your own research on that coin before trading.
For more ideas, you are welcome to visit our profile in tradingview.
Have a good day!
Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
Can HDFC BANK breakout this time...NSE:HDFCBANK trade at 1745 and above 200 DMA. Stocks face a heavy Resistance at level of 1700-1800. Stocks test these level 8-10 times. Once again stock trade b/w these level. Now you can put HDFC BANK on your Radar for a breakout.
Bullish Momentum: [Cosmos] Breaks Critical ResistanceHello,
Cosmos has broken out of its bearish trend and key resistance level, signaling bullish momentum.
- First target: $13
- Second target: $15
- Third target: $17
Remember to prioritize risk management.
Happy trading!
READY FOR BREAKOUT...NSE:DCAL trade at 228. Stocks trade in a range last 6 years. Now it ready for give a breakout, so you can watch for a swing trade.
Looking for a breakout leap on PYPL! 🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
SQ multi month breakoutAbove $90, there’s clear skies until $115
This chart is looking phenomenal !!
We can see a massive bull run for the next couple of months. Fintech stocks have been strong compared to the overall market.
LQTY ANALYSIS🔮 #LQTY Analysis 💰💰
🌟 As we can see that there a breakout of the pattern and testing its major resistance zone. If the candle closes above the resistance zone then we will achieve our new Target
🔖 Current Price: $1.187
⏳ Target Price: $1.559
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #LQTY. 🚀💸
#LQTY #Cryptocurrency #DYOR
PAIN REFORM Breakout Trade in Action!PAIN REFORM Trade Details:
A breakout in Pain Reform on the daily timeframe offers a promising long trade setup using the Risological swing trading indicator . Entry levels have been clearly identified, and the stock shows strong bullish momentum as it heads towards its profit targets.
Key Levels:
Entry: 1.32
Stop Loss (SL): 0.88
Take Profit Targets:
TP1: 1.88
TP2: 2.77
TP3: 3.66
TP4: 4.21
PAIN REFORM Analysis:
The chart signals a strong trend reversal, with the breakout confirming bullish sentiment. The risk-to-reward ratio appears favorable for this trade setup, and the stock is poised for further gains as it moves towards higher targets.
Outlook:
Monitor closely for momentum follow-through. With a robust breakout, the targets look achievable given sustained market interest and volume spikes.
Stay disciplined with stops to lock in profits!
Aclaris Rockets 300%, Smashes Targets!ACRIS (1D TF): Targets Smashed with 300% Gains!
Trade Details:
The long trade setup on the daily timeframe has exceeded expectations, blasting past all profit targets using the Risological Trading Indicator . The stock has delivered an impressive 300% gain, outperforming initial forecasts.
Key Levels:
Entry: 1.20
Stop Loss (SL): 1.16
Take Profit Targets:
TP1: 1.25 ✅
TP2: 1.32 ✅
TP3: 1.40 ✅
TP4: 1.45 ✅
Analysis:
This massive rally showcases strong bullish momentum, driven by high market interest. With such a breakout, Aclaris demonstrates its potential as a high-performing asset.
Outlook:
Momentum traders can consider monitoring for retracements or further bullish setups. A stellar move like this reinforces the power of spotting trends early!
United Spirits Ltd. (NSE: MCDOWELL-N) - Technical AnalysisKey Observations:
1️⃣ Bullish RSI Divergence:
The RSI indicates a bullish divergence, suggesting potential reversal or upside momentum.
2️⃣ Breakout from Descending Channel:
After a period of consolidation within the descending channel, the stock has broken out, supported by improving momentum.
3️⃣ Volume Profile Support:
Strong accumulation zone observed between ₹1,440-₹1,490, indicating demand at these levels.
4️⃣ Fibonacci Levels:
Resistance levels are identified at ₹1,491, ₹1,541, ₹1,591, and ₹1,634 based on Fibonacci retracements.
5️⃣ Moving Averages:
The stock is trading above key short-term moving averages, reinforcing the positive trend.
Trading Strategy:
🚀 For Long Positions:
Entry Zone: ₹1,440–₹1,460 (if price sustains above breakout level).
Targets: ₹1,491, ₹1,541, ₹1,591.
S top-Loss: ₹1,430 (below support zone).
⚠️ Risk Management:
If the stock re-enters the descending channel, it could invalidate the bullish outlook. Monitor price action and volume closely.
Outlook:
With the RSI divergence, breakout confirmation, and strong support at ₹1,440, United Spirits Ltd. presents a promising bullish setup for short- to medium-term gains. Watch for sustained volume as the price approaches resistance levels.
💬 Your Thoughts?
What’s your take on this setup? Share your views below! 🚀
