AU SMALL FINANCE BANK GIVES BREAKOUT Small finance Bank gives of weekly as well as 4 hour break out and we can see a very good level of 962 from Current lavel and Star Plus will be below 750 4 hour candle close
Breakouttrading
Symmetrical Triangle Formation Ahead of ETF News 📈Bitcoin (BTC) is currently charting a distinctive path within a substantial ascending channel on the 4-hour timeframe. The market has recently witnessed its third notable reaction near the upper boundary of this channel. Amidst this, a symmetrical triangle pattern is emerging, setting the stage for a potential breakout. The significance of this pattern intensifies as it unfolds just ahead of eagerly anticipated news regarding the approval of a BTC ETF.
📈 Technical Dynamics:
📉 Ascending Channel Structure:
Bitcoin's price action has been consistently respecting the confines of a well-defined ascending channel. This technical structure suggests a prevailing bullish sentiment in the market.
🔼 Symmetrical Triangle Formation:
The recent interactions with the upper channel boundary have led to the formation of a symmetrical triangle. This pattern is characterized by converging trendlines, indicating a phase of indecision and potential price volatility.
🌐 Market Sentiment and ETF Catalyst:
🚀 Anticipation of ETF Approval:
Bitcoin's current consolidation and the formation of the symmetrical triangle coincide with the imminent decision on the approval of a BTC Exchange Traded Fund (ETF). Positive news on this front could trigger a significant market reaction.
📉 Breakout Scenarios:
🔼 Bullish Breakout:
If the BTC ETF is approved, and market sentiment remains positive, a bullish breakout from the symmetrical triangle is plausible. This could propel Bitcoin to new heights, capitalizing on the increased institutional interest.
🔽 Bearish Reversal:
Conversely, a negative outcome or unexpected market reaction to the ETF news may result in a bearish reversal. Traders should be prepared for both scenarios and monitor critical support and resistance levels.
📝 Trading Strategy:
🧐 Monitor Triangle Breakout:
Traders are advised to closely monitor the symmetrical triangle pattern and await a decisive breakout. Confirmation of the breakout direction is crucial for informed trading decisions.
🗞 Stay Informed on ETF News:
Given the potential impact of the ETF decision, staying informed about regulatory developments and market sentiment is imperative.
🚀 Unlock my 3 crypto trading indicators for FREE! 🚀
AXIS BANK#Axisbank is near its resistance of 1108-10, Buy only above 1110 (hourly closing) for a minimum target of 1125 and final target of 1150 with a stop below 1108 (hourly closing).
GBPUSD Triangle BreakoutHi Traders!
GBPUSD is in a triangle pattern, and there is a possibility of a breakout to the upside above the trendline resistance
Here are the details:
There is currently some bullish momentum in the market due to the trendline support hold at 1.26123. The overall price action looks bullish; there are signs that the market could be oversold as the market has come a long way down in the past couple of days.
We are looking for a break and a close above the trendline resistance.
Preferred Direction: Buy
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
FSL 2 year long rounding bottomnBreakoutFSL has shown a rounding bottom breakout on weekly chart.
After a up trend it was in long consolidation rounding bottom
RUNEUSDT in 4H wants to rune !!ascending pattern created...
Although the market situation is not clear, you can think about this
[Price Action#1] What is the Breakout and Breakdown?What is the Breakout?
Breakout is a price moving outside a defined resistance level with increased buying volume. The breakout traders enter the long positions after the price breaks the resistance level.
What is the Breakdown?
Breakdown is a price moving outside a defined support level with increased selling volume. The breakdown traders enter the short positions after the price breaks the support level.
Prince Pipe above 760 level Breakout tradeprince pipe is ready to breakout from the resistance of 2 year.
above 760 its targets are open marked on charts
a debt free company doing its extension also good for long term
Strong breakout in dharmaj corp gaurdVery strong breakout has been done in dharmaj corp now it is on life time high our prediction is it well go 15-18% up from this level
Buy it at 274-280
Target 300 325
Sl 260
Very good and strong breakout ↗️Cello gives us very stock breakout it breaks his life time high and now our target is above 5-10% qbove the level
Buy Cello above 837
Target 876 917 960
Sl 815
DXY - The Leading Index For 2024Hello Traders, welcome to today's analysis of Dollar Index.
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Explanation of my chart analysis:
DXY (Dollar Index) has been forming a triple bottom all the way back in 2008 and has been rising ever since. With the recent break above the psychological $100 level, the DXY is once again confirming the bullish strength. If DXY doesn't break below this area, I am targeting new swing highs.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Matic is going to pump around 1000%! just buy it hereSee the video, Everything is explained there. As you can see in the analyze we expect a huge pump for MATIC in the coming month.
Kraft Heinz downside breakoutRectangle breakout from a pattern which started over 2 years and 5 months ago. Price retested the bottom of the rectangle on Oct 10th but continues to fall and could head towards the early 20s.
WARNING: This is not a recommendation to trade. Do your own research and make your own decisions.
Breakout and retest at VodafoneOn the 4 hr chart:
Breakout on 3rd November and retest on the 9th November, backed up by some above average buys on 7th and 8th November too. In the next few days, will it pull higher? Wait and see.
ICIL Has Opened Up for a Good 60% Upside in the Next 6 monthsEasy Earnings Comparison
Cup with Handle Breakout
Turnaround Story
15 years breakout#RCE
• monthly chart analysis
• budget session: this stock is in focus
• breakout 2008 high level
• 15-year breakout in chart
• 2008 volume build-in chart but global crisis hit stock badly
• ascending triangle pattern breakout
• 2022-2023: massive volume in chart
• this volume helps to breakout chart 🐂
• Target and Stop losses mentioned in chart
• we never recommend buying and sell any charts and this stock is also
• More, please check the chart all mentions in that
Chambal Fertiliser BreakoutChambal Fertiliser has given a breakout from the 2 year long consolidating range with a supporting volume.
Targeting 398/445/475
Re-Test zone 350-340
Nagarjuna Fertiliser at an attractive level attempting breakout Nagarjuna Fertiliser gives a perfect example of resistance turning support pattern.
trading at 12.7 I feel its a great level to accumulate this stock as there is volume sprut on chart at breakout levels.
GSFC breakout done expecting 20% moveGSFC after a consolidation of more than an year has given a breakout.
Moving in HH-HL pattern
Deepak Fertiliser Attempting Weekly Breakout Deepak Fertiliser is consolidating in a range since a year and have tried multiple time to break the resistance area.
In a weekly candle it attempted a breakout from major supply zone and formed a doji candle above it which is a candle of confusion. Pice above dojo candle will be confirmed breakout or it can once retest in retest zone and than give a breakout
BritanniaBritannia has broken out with great volumes, retest done too. Going long at current levels looks good with a target new ATH, can stay in the long trade as long as the stock is trading above 5270!
Supports are marked on the chart.
Bullish swing on WMT very soon.Thank you for watching and listening too my analysis on $NYSE:WMT.
Remember this is not financial advice and always ONLY risk what you are WILLING to lose!
God bless you and your families going into the New Years!
Bank Of India Breakout AttemptBOI has attempted a breakout on multiyear levels. Increase in volume throughout the year.
Breakout above the level of 115-119 levels will give new leads to BOI.
Re-Test levels are 107-104
