Andhra Papers --> Getting ready for a launchAndhra Papers - Cheap valuation.
The technical indicators are favorable for the bullish momentum.
every dip is a buying opportunity, for bigger targets.
Bullishpattern
ONDO SetupONDO is looking like the best chart in crypto at the moment. H4 trend has reclaimed, would continue to add lower to the position as long as $1 holds.
PYPL making bullish Cypher Harmonic PatternPYPL is in the process of making a bullish Cypher Harmonic Pattern. We are in a zone that could possibly become the bottom, but first we have to establish the bottom. And then we can aim for 3 Golden fib zones for taking profits.
SP500: Buy A Dip Stocks are in recovery mode, with major indexes trading at all-time highs. This movement began after the US unemployment rate showed a slight decrease in jobs two weeks ago, suggesting that inflation could potentially weaken. This trend was further supported by this week's CPI data, which indicated a drop from 3.5% to 3.4%. Speculators believe that the Federal Reserve might be one step closer to potential rate cuts later this year, although I think this is still a distant possibility. However, the markets are definitely positioning for this move later this year.
Examining US Treasury yields, we have seen a strong reversal on the 10-year note, indicating that the dollar could continue its downward pressure. When looking at the S&P 500, which typically trades inversely to the US dollar, we see a strong upward move. In fact, several breakaway gaps in the cash market suggest a very strong uptrend.
From an Elliott wave perspective, you need five waves up before looking for a potential completion of the uptrend. If we examine the rise from April, we can clearly see that this is not yet a five-wave movement. In fact, the strong middle move up from 5,000 typically represents an impulse within an ongoing trend. I would argue that there is room for more upside, especially after the next retracement, which I believe could be wave four. Given the extended move in wave three, we should see some pullbacks as markets do not move in a straight line.
The first potential and interesting support area could be between 5,250 and 5,270, which was the previous high and the recent gap that occurred after the latest CPI figures. This certainly appears to be a key area for the next dip. If you want to play the long side, you will likely want to see the pullback first.
The invalidation level of the whole recovery would be around 5,124. If we believe we are in an impulsive sequence and expect more upside, then wave four must not intrude into the territory of wave one or wave two. If this happens, it means that the trend is most likely changing to bearish or maybe just moving sideways.
Grega
SWING TUTORIAL - SHARDACROPA typical Convergence Divergence is in play here.
Stock is also in a Long term Lower Low Pattern formation.
Could this Convergence Divergence indicate a breakout from the Lower Low Trendline?
Or is the price going to go down further?
Give your comments in the Comments Section below:
SWING IDEA - RAMCOCEMThe price has been falling down ever since it hit it major resistance at 1028 back in Dec 23.
It has been making new lows ever since.
Although it can be noticed that the MACD has finally started to show some upward momentum ever since March 24.
Could this Convergence Divergence indicate a good move upward?
Lets find out.
JASMY ANALYSIS🔮As we said earlier, #JASMY performed same. Around 113% movement after we post our analysis.
Now we can see that there is a formation of "Falling Wedge Pattern" in #JASMY. Also there is a perfect breakout 👌 We will see a bullish move of around 20% in few days
#DYOR
NAS100...Historically Bullish With Weekly Sell OpportunitiesNAS100 is and has continued to be a bullish instrument...what this means is that if you have entered on any LOW's on the bigger timeframes, you could have continued to hold forever and still be in profit despite the retracements on the smaller timeframes.
There have been great sells in recent times that have provided great profit opportunities, however that requires extreme skill and great patience.
While my bias is still towards the buy, I took a sell opportunity based on the fact that the price registered an all time high (ATH) on Friday June 7th, 2024)...This move will end with a HL on a timeframe bigger than the H1, hence creating another buy opportunity towards another ATH.
Friday's Sell entry was as follows:
Entry: 19105.3
TP: 18904.1
As always guys...I am not a signal service provider and there are trades that I will take an not post as time may not allow, so please do not look to me for guidance as to how I am entering or exiting...this is just for informational purposes only.
Important: NAS100 is always bullish, which means, I take Lows to Highs for buys and High to lows for sells.
Zig to Zag = Buys
Zag to Zig = Sells
#auberstrategy
#aubersystem
#whywewait
#zigzagtheory
#patience
You can check my video profile to see a visual explanation entitled "NAS100...The week Ahead 6/9 - 6/14/2024"
Keep eye on IEXIEX made big and strong movement this week.
Buy it only if it close above 179.8
Our target in it is 194.8 203.75
Sl 170.3
Bitcoin - bullish rally is comingWednesday was special
We rose strongly on inflation news..and We lost the rally with the interest news
Yesterday there was positive news about PPI but the price decided to go sideways We are still above the 100, 50day ema
We are still above the important 66k-67k Let's see the price interaction today
Returning above 68,500-69,000 and a daily close will return the full positivity to Bitcoin, and it will only have 72k left to break it and then rise..
I am still waiting for a new ATH, and I will not change my opinion except by breaking 60k
and weekly close below it
Best regards Ceciliones🎯
UNI ANALYSIS🔮 #UNI Analysis - Breakout 🚀🚀
💲💲 In 4H Timeframe,Falling Wedge Breakout is Done✅
Now, #UNI ready for good bullish wave 🚀 🚀 We are expecting around 20% profit💸 in next few days 💯🚀
💸Current Price -- $10.800
📈Target Price -- $12.860
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#UNI #Cryptocurrency #Breakout #DYOR
IOB LONGbroken out of a 8 year consolidation. volumes are not that great but chart looks good for continuation. lets see.. not the fastest horse in the banking sector but will still do well.
MAHABANK 1:10+ RR trade set up1. Trend Bullish
2. Set up: Breakout failure & reversal
3. RR is lucrative with 1:10+
4. With false breakout all SL has been collected, chances are price will push higher
Next price 212My theory is that the price was artificially depressed until the approval of Elon's compensation package so that he could get what he wanted at the lowest possible price, thus helping the company and the shareholders. This action is a "cash cow." Elon will once again become the richest man in the world and will reach above $400 in a very short time. Today we have a megaphone formation that takes us beyond $212
BTC: Time to RunBTC seems to form a nice inverse head and shoulders pattern on the daily chart. There's also a much larger positive consumer sentiment towards crypto going on another run. Set your stop losses and join the ride to push BTC up to 80000.
Ashoka Buildcon, Bullish Trend with Multiple ConfirmationsTechnical Analysis of Ashoka Buildcon Ltd.
Overview:
Ashoka Buildcon Ltd. has recently demonstrated a bullish breakout from a classic Cup and Handle chart pattern, supported by robust trading volumes. This pattern, known for its bullish implications, suggests a strong potential for continued upward momentum.
Volume Analysis:
A noteworthy observation in the volume analysis is the stark contrast in trading volumes during price movements. Each time the stock price declined, the volumes were very low, indicating weak selling pressure. Conversely, during price increases, the volumes were aggressively high, reflecting strong buying interest and investor confidence.
Elliott Wave Analysis:
According to Elliott Wave theory, Ashoka Buildcon Ltd. appears to have commenced the third wave of the third wave (wave 3 of wave (3) of wave ((3)). The third wave in Elliott Wave structure is typically the most powerful and significant, often characterized by rapid and sustained price advances. This suggests that the stock could experience a substantial upward trajectory in the near future.
Technical Indicators:
RSI (Relative Strength Index): The RSI is currently showing strong bullish momentum, consistently above 60 and 70 across daily, weekly, and monthly time frames. This indicates sustained strength and buying interest.
MACD (Moving Average Convergence Divergence): The MACD is positively aligned across all time frames, reinforcing the bullish outlook.
Cup and Handle Pattern:
Breakout: The bullish breakout from the Cup and Handle pattern is a significant development, often indicating the start of a strong upward trend.
Targets: Based on the pattern, potential targets can be projected by measuring the depth of the cup and adding it to the breakout point. Specific targets will depend on the exact dimensions of the pattern on the chart.
Stop Loss: To manage risk, a stop loss can be placed just below the handle's low or the last significant swing low, ensuring protection against unexpected downturns, which is possibly in market.
Key Insights:
Chart Analysis: "The chart says everything; we just have to be able to hear." This highlights the importance of paying attention to the technical signals and patterns, which currently point towards a bullish future for Ashoka Buildcon Ltd.
Bullish Outlook: With the confluence of strong technical indicators, a significant Elliott Wave setup, and a confirmed Cup and Handle breakout, the stock looks very bullish going forward. Investors should monitor the invalidation level at the last swing lows for risk management.
In conclusion, Ashoka Buildcon Ltd. presents a strong bullish case with multiple technical factors aligning to support a positive outlook. The combination of high volumes on upswings, a robust Elliott Wave structure, and the Cup and Handle breakout suggest significant potential for upward movement.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
DIAMONDYD 8R Trade set up1. Trend: Bullish
2. Set up: Reversal
3. RR: 1:8+
4. Perfect reversal from the support trend line.
5. Big rounding bottom breakout is expected this time and 166% TP may get hit
||BTCUSD|| SET TO REACH 80K IN THE NEXT MOVE!We are currently sitting in an interesting situation regarding market structure. Two bullish formations have been printed after the price broke out of the current flag formation, only to create one of the shoulders for the H&S formation as depicted in yellow.
Two formations intertwined so perfectly is normally a great sign for the direction the formations dictate, as you are strengthening retail confidence, and bringing 2 groups of strategies together with a bullish sentiment.
in order to be confident prices are to reach our targets, price must break the 71.6K mark and at least test it once. price does of course have to exceed all time highs of 73.9K which will be the last level of resistance before we move back into price discovery mode. I do not think the ATH will post much resistance based on the strength of current market structure.
The MACD is also priming itself for a convergence run once averages break apart as they have been in consolidation for a couple days.
Although my targets are set for both 81K and 87K I do expect price to get stuck once it reaches 80K as it does pose a strong psychological level of resistance.
Thank you for your read, hope you found some new insights and perceptions on the BTC market structure.
EURCAD Short-Term Buy OpportunityEUR/CAD is poised for a short-term buy as it rebounds off the ascending trend line support near 1.4817, targeting the descending trend line resistance at 1.4967. This setup offers a high-probability entry with a clear risk-reward ratio, aiming for a quick profit as the price ascends to retest the upper resistance. Enter long around 1.4820 with a tight stop loss just below the trend line to capitalize on this bullish bounce!
pump or flat. qcom There are two options for the development of events:
1. Pump before the elections, dump on tax increases.
2. Flat before the elections, dump on tax increases, pump on turning on the FED printer.
CVNA Big Bullish PotentialHey guys!
Found a setup I happen to really like that Carvana NYSE:CVNA has been forming this past few months. I generally would stay away from a company/stock like Carvana, as potentially bankrupt-bound companies are not what I like to trade. But I couldn't help but realize the Cup & Handle being formed on the weekly chart currently. Below are some highlights of what I find attractive in the technical layout of this setup:
- Weekly Inverse Head & Shoulders / Cup & Handle
- Momentum is leaning bullish (TTM_SQUEEZE)
- Bought up from $20 demand zone
- Daily Chart has ema cloud bounce
- Decent Volume Accumulation
Limits to this / confirmation needed:
- Weekly ema cloud testing key area
- Monthly Ema Cloud key level as well
Closing Notes: I do believe that this technical setup is very strong. I also like that not many of the fundamentals & catalysts will likely play into this as Q3 Earnings just reported. This ER also swung a profit in EPS, and sent a pop in the stock adding to some positive sentiment surrounding NYSE:CVNA
Overall I am looking to go long on a bullish retest of some sort and wanted to share a setup I have not seen in a while!
Day Trade Idea - Solona Bullish potentiality "This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
Currently, the market is experiencing an uptrend, with Solana encountering significant resistance on the daily timeframe. Despite this, short-term analysis suggests there may be opportunities to benefit from a potential bullish movement. Investors should carefully evaluate market conditions and consider both short-term gains and long-term implications before taking any action.
