Bullishpattern
SWING TUTORIAL - EMAMILTDThe stock had found a Resistance zone @ 602 during Aug 2021 and had started a Lower Low Pattern ever since.
Eventually finding its Support Zone @ 360 during Mar 2023 after 1 Year and 7 Months.
At this point notice that the Lower Low Pattern in the Price Action, however MACD slightly started showing a Higher Low formation. Hence the Convergence Divergence indicating a good move upward and also the 1st confirmation upward.
Finally in July the stock showed its 2nd confirmation once it successfully exited the Lower Low Pattern Trendline with a massive huge green candle.
Thus giving us our 1st Entry point at this stage which took the stock as close to the previous Resistance zone @ 602 and a safe exit as High as 31% for the Trade as well.
Another cool thing to note here is the Stock also retested the same breakout zone and the MACD as well was making a new Crossover, thus indicating another fresh Entry into the stock.
This trade had eventually broken the 4 Year Resistance zone @ 602 with a large volume and taking the stock as High as 67% in returns as of today.
What do you think about this Tutorial? Give your comments in the Comments Section below:
WLD/USDT ABOUT TO BREAKOUT! Ready For A Big Pump!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis.
WLD looks good here. Forming an ascending triangle like structure and currently, trading inside. Accumulate in the green zone. Once it breaks out it will pump big.
Entry zone:- CMP and add more up to $4.2
Targets:- $5.36/$6.44/$9.24/$12.2
SL:- Daily close below $4
Let's Discuss!
What are your thoughts on WLD's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
C&H inside C&H to a 1000% soon on solid project $BTAFThe Bitcoin Trend and Forecast token, $BTAF is performing a stunning pattern:
It is a Cup & Handle inside another Cup & Handle!
What you see is a bigger picture, some 15 months; it has performed a very large C&H that has already broke out from handle (downward yellow channel), with target at stunning 1000%
The handle of this bigger C&H formation is another C&H! This smaller handle is a perfect wedge that is sitting over the black VWAP line
Targets from yellow flag is 280% from today price and it coincides with the Beam Band (thin purple line) and target from the small C&H is 100%
But look at larger picture! While you go to 1000% you can make small profit takes on the way up
ACE 29.05.24ACE 5.10-5.16 is an ideal long entry point. If BTC does not make a sudden dump, I predict that ACE coin will rebound from these levels, break the 5.7 resistance, and head toward the 6.63 resistance. Despite the risk, I am opening a small long position from these levels.
Entry1: 5.41
Entry2: 5.15
Stop: 5
TP1: 5.7
TP2: 6.61
It is advisable to be cautious as BTC is still facing selling pressure . In the event of a flash crash, ACE coin could drop to levels around 4.65-4.7.
What I write here serves as a note to myself. Does not include investment advice.
Bitcoin is Going for 88 K - Cup Handle Pattern Hello My dear Traders,
I am Bullish for Bitcoin for a Target of 88 K
The cup and handle pattern is a technical analysis pattern used trading to identify potential bullish continuation patterns
It's formed by a price movement that resembles a cup with a handle. Here's how it typically looks: Here are the stages for cup and handle pattern.
First stage - Cup : The price initially forms a rounding bottom, creating the shape of a cup. This phase usually represents a period of consolidation after a previous uptrend. The up move Started from 58 K to 71k and now the cup is fully formed.
Second Stage - Handle : Following the cup formation, there's a slight downward drift in this case from 71 k to 67 k in prices, forming a smaller consolidation pattern resembling a handle. I have marked the likely handle formation on the chart. range of handle is from 67 k to 71 k levels - a short lived bearish trend or we can say consolidation near the zone of resistance.
How to enter Trade in Cup and Handle Pattern - The buy signal occurs when the price breaks out above the handle's resistance level, indicating a potential continuation of the previous uptrend. In this case any break above 71 K levels will be bullish for the target of 88 k on the charts.
what are the confirm the Pattern Confirmation characteristics ?
Volume: Typically, volume should decrease as the cup forms and increase during the breakout phase. Same in happening this case also.
Depth: The cup should be relatively deep, indicating a significant retracement from previous highs. The depth of cup is from 58 k to 71 K - qualifies for adequate depth
Duration: The pattern should ideally take several weeks to form, indicating a solid base of support. In this case. Seven Weeks have been taken in formation of the cup as marked on the chart. The formation of handle is still in progress for last two weeks. Completion is expected in by another two weeks.
I hope this analysis of mine will help you learn something more and new about Cup and Handle Pattern in technical analysis
Do follow and like / boost my work to motivate me
God Bless you all
GRINFRA is Sustaining @ 2 Years High Zone With Positive AttitudeOrder book as on 31st March 2024 is Rs 1,67,806 Mn
During the year, Company has transferred 7 operational HAM
assets to Bharat Highways InvIT
Subsequent to March 31, 2024, PCOD/ COD has been
received for below two projects
• Transmission system in Rajgarh - COD
• Galgalia-Bahadurganj (HAM) – PCOD
As on date Company has total 5 projects which are operational.
P ositive factors
• Significant growth in the scale of operations on a sustained basis with substantial segmental diversification in the revenue
stream while maintaining low leverage.
Key strengths
Transfer of assets to BHIT thereby enhancing its financial flexibility
GRIL has transferred 100% stake in seven operational NHAI assets to BHIT and received units worth ₹1,929 crore during Q4FY24
thus enhancing its financial flexibility. Following the transfer of operational assets to BHIT, GRIL retains four operational assets
in its portfolio, including one NHAI annuity project, one state HAM project, and the balance two NHAI HAM projects (one project
received PCOD during Q4FY24).
As indicated by the management, the InvIT units will have a lock-in period of one year from the
date of the allotment. GRIL has also entered into a right of first offer (ROFO) agreement with the InvIT, pursuant to which, GRIL
will grant a ROFO to InvIT, thus allowing the company to unlock its equity. Additionally, dividend income is also expected from
the InvIT.
Healthy outstanding order book position of the company
GRIL had a healthy outstanding order book position of ₹₹18,680 crore as on December 31, 2023, as against ₹19,529 crore as on
March 31, 2023, indicating revenue visibility of 2.29x of the FY23 TOI. The majority of these orders are with a price variation
clause, thereby shielding GRIL’s profitability from adverse movements in the prices to an extent. The order book is also
geographically diversified with presence in more than 11 states, with no state contributing to more than 25% of the order book.
Furthermore, GRIL has segmentally diversified its portfolio by venturing into new segments of ropeway, multi-modal logistics
park, hydro power project, transmission which is expected to reduce its dependence on the road sector.
The order inflow during current year i.e. FY24 has been slow due to lower awarding in road sector. Nevertheless, healthy order
book position provides revenue visibility over medium term.
Expected range-bound scale of operations in FY24 with stable profitability
GRIL’s scale of operations have shown a healthy growth over the last five years, despite COVID-19 related disruptions.
The TOI grew at a healthy CAGR of 13% over the last five years ended FY23 from ₹4,952 crore during FY19 to ₹8,149 crore during FY23,
led by strong execution capabilities. During FY23, the TOI remained stagnant over FY22 due to a low order intake and the pending
receipt of the appointed date of eight HAM projects. The TOI is expected to remain almost stagnant in FY24; however, it is
expected to witness minor de-growth in FY25 on Y-o-Y basis due to pending receipt of the appointed date in projects. secured in
FY23.
The surge in commodity prices and intense competition in the road sector led to minor moderations in the margins of GRIL,
in line with other industry players, during the last five years ended March 31, 2023. Nevertheless, the margins continued to remain
healthy at 16.12% for FY23.
However, the margins declined to 13.32% during 9MFY24 on account of lesser execution in Q2FY24
due to monsoon and pending receipt of appointed date in HAM projects. Correspondingly, during 9MFY24, GRIL reported TOI of
₹5,532 crore as against ₹6,153 crore during 9MFY23.
SWING TUTORIAL - DIVISLABWatch how the stock was on a continuous Lower Low Patter and formed a Lower Low Trendline.
Simultaneously, there was also a formation of Convergence Divergence indicating an upward move.
Stock also broke out of the trendline with a strong green candle.
While the MACD Cross indicated a good entry after the Convergence Divergence, the breakout from the Trendline later indicated a confirmation for a move upward.
Coincidently, the stock also made a new Support zone at 3299 after a strong breakout from trendline.
Another MACD cross has also successfully happened in the last few weeks.
Do you think the stock can reach its All Time High again?
Give your comments in the Comments Section below:
MFER could melt faces here! KEEP AN EYE ON IT! It looks like MFER is about to break out of a two-month-long falling wedge pattern. If the bulls take charge, this could lead to a significant price increase. Unlike many other artist coins, MFER hasn’t experienced a dump at every rally. Instead, it has built a strong range that supports future price action.
Key points:
- Support zones are highlighted in green.
- Resistance zones are highlighted in red.
- The dotted trendline indicates a bullish trend. If it breaks, it will fall into a strong support zone.
This situation is definitely worth watching closely. Let’s see how it develops!
SWING TUTORIAL - LALPATHLABNotice how the stock exactly revisited the most recent Swing High exactly after the Convergence Divergence.
MACD Cross after the Convergence Divergence gave a good entry as it happened at a Higher High Higher Low Pattern indicating a good move upward.
Eventually gave a 38% up move.
Another MACD Cross is under play currently. Can it break the Resistance zone of 2758 and go all the up to the next 3342 Support/Resistance zone?
Give your comments in the Comments Section below:
Radix bottomingThere is a hugh triangle forming for XRDUSD. There is also a big line of support. Even on the XRDBTC-pair. XRDBTC is forming a big falling wedge, which is a bullish pattern. Low on the RSI as well..
This all, together with the request from the Radix community for listing the (e)XRD-token on Binance this can be a big opportunity for Radix to go significantly higher. Radix is still great technology and has a relative small market cap..
Cable moving into Daily trendline resistance near 1.28Cable has seen some nice recovery at the end of 2023; move is looking impulsive so more gains can be seen after the corrective retracement which has unfolded down from March highs. So far, price came down with three waves but pair is making a nice turn-up in last few weeks, out of a downward channel, thus it appears that pair is back in bullish mode. In fact, UK CPI figures reported last week indicated a cooling of inflation, but not as much as expected, so potential June cuts are most likely off the table. Looking at the 4h time frame, we see nice five subwaves up as expected which look like a wave 3, therefore we can expect much higher targets after a next pullback while market trades above 1.2570 invalidation level. However, there can be some resistance in the short-term, near the daily trendline that comes in around 1.28.
Support on dips is at 1.2650.
COFORGE : BULLISH PATTERN FORMINGCOFORGE is now at the support level and forming a bullish pattern at the daily time frame also a fundamentally Good pick fell recently because its recent result is not very bad also acquired a new business to expand and grow its sales exponentially and we can expect good upside movement from this level Target and stop loss on the chart.