I've gone long in Cipla#Educational purpose only
I think the first hourly candle made yesterday is strong and the low won't be broken. I have explained my analyses in the video and I hope this helps.
Bullishpattern
AEHR possible bounce off support areaMonthly Double Hidden Bullish Divergence possible, Weekly RSI is consolidating right on top the lower band, Daily Inverted Head and Sshoulders possible and Triple Classic BD going on, 4h CBD forming...
Tell me if I am wrong. I could use some proof reading.I’ve only been seriously trading for about 18 months now even though I’m pretty familiar with the crypto space…
I’m not the best at spotting patterns so I would like to hear what you think.
Does anyone else see an inverse head and shoulders pattern on the daily chart for DOGE/USD?? COINBASE:DOGEUSD
I innately thought it was a Adam and Eve pattern but I was wrong and I fear I might be wrong again.. LMK what you think.
DATA ANALYSIS🚀#DATA Analysis : What Next ??💲💲
✅As we can see that there was a formation of Descending Triangle Pattern in #DATA and given a breakout and perfectly retest the support zone. We are expecting around more than 100% bullish move in coming weeks 📈📈
🔰Current Price: $0.05345
🎯 Target Price: $0.07869
⚡️What to do ?
👀Keep an eye on #DATA price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️
#DATA #Cryptocurrency #TechnicalAnalysis #DYOR
Is Astral Limited giving us a buy signal in such a bearish markeAstral Limited has been in my watchlist since Friday. Right now, the hourly chart indicators signal a dip and the daily chart give me confidence to buy on the dip.
I've tried to explain my idea in this video and I hope you find it useful
Thanks
#Educational purpose only
There is a bullish reversal in Nifty 50I think that Nifty 50 has made a support zone between 21700 and 21800 and there is a resistance at 22500/22600 but a strong resistance zone between 22750 and 22800.
The current trend according to Dow theory is buy with strict SL
#Educational purpose only.
Verasity BullishBuying some Verasity around this region , although it might still go down a little bit more ,but i will keep buying if lower limits come in to play.
First target is around 0.015$ and then higher around 0.025$
I BOUGHT 210 CE OF ASHOK LEYLANDAshok Leyland looks bullish in the hourly chart.
there was a correction in the price but the stock has recovered well.
i have bought 210 ce as my target in Ashok Leyland is 205 & 210
#educational purpose only
$CDNA Continuation Long Term Channel UpHello, traders! Today we're spotlighting NASDAQ:CDNA (CareDx, Inc), which is exhibiting a compelling long-term Channel Up reversal structure. This formation indicates a robust bullish sentiment, which could potentially lead the stock to revisit its all-time highs and even explore new price levels in the coming years.
Chart Analysis:
Pattern: Channel Up Reversal
Current Price: $11.06
Volume: Ideally, increasing volume should accompany the price rise, confirming the strength of the reversal.
Key Observations:
The Channel Up pattern suggests a stable and consistent uptrend. The stock's ability to maintain higher lows over an extended period is a strong bullish indicator.
The reversal is taking shape after a period of consolidation, offering a clear channel structure as a roadmap for future price movements.
Trading Strategy and Targets:
First Target (TP1): Around $15-$16, aligning with the first significant Fibonacci retracement level and expected resistance.
Second Target (TP2): The next major Fibonacci area falls between $30-$34, where previous resistance could convert into new support, paving the way for further gains.
Third Target (TP3): Aiming for $55-$60 as the subsequent Fibonacci level and psychological resistance point.
Long-Term Targets:
All-Time High (ATH): Reaching for the ATH around $100. Breaking this level could trigger a strong psychological buying response.
Price Discovery Phase: If the momentum continues beyond the ATH, speculative targets could range between $200-$350, based on extended Fibonacci projections and market dynamics.
Trade Setup:
Entry Point: Consider entries on pullbacks to lower channel boundaries or after a high-volume breakout above recent highs.
Stop-Loss: Set stop-loss orders below the most recent swing low within the channel to protect from downward breaks.
Take-Profit: Gradually take profits at the described Fibonacci levels, potentially using a trailing stop to maximize gains.
Risk Management:
Invest cautiously, as long-term trades are susceptible to broader market shifts and specific sector impacts. Adjust your exposure based on your risk tolerance and always have an exit strategy in place.
Conclusion:
NASDAQ:CDNA offers a textbook example of a Channel Up reversal that could reward patient investors handsomely. Keep a close eye on industry trends and financial reports that could influence the stock’s trajectory. Happy trading and let’s ride this channel to new heights!
Disclaimer: This analysis is for educational and entertainment purposes only and is not financial advice. Always perform your own research and consult with a professional before making any investment decisions.
#ETHUSDT UPDATE! FORMING BULLISH PATTERN!!Hello everyone! If you enjoy this content, please consider giving it a thumbs up and following for more crypto updates.
Welcome to this ETH/USDT Quick Update!
The chart suggests a potential bullish continuation for ETH. It's currently consolidating within a falling wedge pattern, historically considered a bullish reversal sign. There's also good support around $2900-$3000 (green zone). If the price holds above this level, a breakout from the wedge could be imminent, potentially leading to new all-time highs (ATH).
Here's what could invalidate this bullish scenario:
A daily close below $2820.
What do you think about this? Let me know in the comments!
There is a trend breakout in Jindal Steel & PowerThere is a clear breakout from the downtrend in the hourly chart of JSPL.
I am going to take a chance and go long. The SL should be according to the risk taking capacity but I think targets of around 950 / 960 in short term.
#Educational purpose only
Going long in National AlumThe hourly chart of National Alum does indicate a change in trend from bearish.
The buying started @ 174 after which it breached the resistance @ 178 as well.
I am going long with a support at 178 for target of around 190.
#Educational purpose only
possible good swing trade with small Stop Losswith the way RPG Life Sciences is its support trendline, it can be a great buy for a swing trade with targets easily reaching 1800 and 1950 after that. So the target is nearly 30% gain, then it would be advisable to keep an SL of 10% to maintain a 1:3 trade at the minimum and then it can be further trailed to 1950.
Cipla-Intraday 06.05.2024- Bulls, Are you ready?NSE:CIPLA
Day TF
Healthy Hammer candle formed in day
15 Min TF
Price is under consolidation which is very good sign for further movement
Price has rejected from support level.
Price has reacted well with 200 EMA & 50 EMA today.
Good Recovery after 10 AM
Buy:
Risky trader: Buy at 1428. Target 1%
Direct Gap-up entry should be avoided
Get confirmation from any of the leading indicators before entering trade
Kindy comment below in case of any clarification required on this particular idea.
Please follow for more ideas
“Confidence is not ‘I will profit on this trade.’ Confidence is ‘I will be fine if I don’t profit from this trade.” - Yvan Byeajee
Triangle Pattern formed & Breakout, Next Kill 2 to 3 zerosIn SHIB/USTD, Triangle Pattern formed and Breakout. I have attached 3 images, before Breakout the Triangle Pattern and during the Breakout Triangle Pattern. Now SHIB in retracement phase, after completing the retracement, SHIB will continue its Up Trend and reach the "Previous High". Then SHIB will likely remove 2 to 3 Zeros. I have been continuously following SHIB for the last 3 years.
ONDO/USDT BULLISH STRUCTURE! READY TO PUMP 100% FROM HERE!!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates.
Welcome to this ONDO/USDT Trade setup!
According to the chart, it is forming a bullish structure. Breakout is also done and currently, retesting it. Buy some here and add more in the dip.
Entry range:- $0.80-$0.84
Targets:- $0.98/$1.22/$1.44/$1.84
Stop Loss:- $0.73
What do you think about this? Share your views in the comment section.
Thank You!
pennant and flag pole $INDEX:BTCUSDpotential 80k move when we test resistance of a bullish pennant and flag pole on the btc chart.
Currently we are running into the order book filling anything below 59k showing us the confidence isnt shaken in the bull run, We will have to be careful not to put ourselves in a position where we get stuck in a losing position, Currently I am Long, active trade INDEX:BTCUSD
Crude Oil Weekly Analysis- 06th May to 10th May 2024MCX:CRUDEOIL1!
Weekly TF
Crude oil had great ride from beginning of this year and paused from previous month. Fortunately this was necessary for having further movement. We can consider the previous month process was retracement thus by expecting further movement in upcoming weeks.
Recent swing and bigger swings are at crucial level in Fibonacci retracement. Any small bounce from this level would be great bullish indications for good week ahead.
Should wait for Monday day candle should reject these crucial level. Then big bullish momentum expected for few weeks.
Day TF
Trend: Upward range with 3 consecutive support(HL 01, HL 02, HL 03)
Key Levels: Prices were again approaching towards support there by expecting HL 04. If HL 04 reacts and prices bounced then good sign for bulls.
Need to watch out 200 EMA to get react before trade entry
Fibonacci is also at 50% level in recent swing
Buy:
Entry 01:6682
Entry 02: 6962
Final Target expected: 7235
Recommended to wait on Monday. Some consolidation is required before reversal
ENA/USDT TRADE SETUP! READY FOR ATH!!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates.
Welcome to this ENA/USDT Trade setup!
According to the chart, it breaks out from the triangle and a retest is also done. The green area is good for accumulation. Buy some here and add more in the dip.
Entry range:- $0.76-$0.84
Target:- $0.94/$1.10/$1.26/$1.4
Share your views in the comment section.
Thank You!
Gold buy rush done for yesterday....Gold buy rush done for yesterday. To all those who took my advice yesterday hope you made your profit..
check my previous ideas and you will see the proof
#ESCORTSCompany is almost debt free
New Products
During FY22, the Co launched six new tractor variants under the Powerhouse series with improved power, fuel efficiency, application suitability and lower maintenance features. Under the railways equipments vertical, the Co launched Emergency pull box, Coupler (Rev # 3) and Metro Dampers (Chennai Metro).
Focus
The Co. is actively pursuing the development of the Electric Vehicle (EV) market, products and technology. It is investing and building capabilities in next-generation digital technologies under the Rajan Nanda Innovation Lab.
#RAYMONDRaymond Realty
The company started phase 1 of the real estate business in Feb 2019.It has planned development of 20 acres of residential development − Phase 1: ~14 acres of development
Total 10 towers with ~2.7 mn sq. ft of saleable area Total units planned for sale: 2,976.
Cumulative bookings of 1,173 units till Dec-20
The company received ~Rs.1610 crs as booking value in Real estate in FY23. In total , Raymond received total booking value of ~ ₹3,900 Cr. within 4 years of launch
Debt Reduction
The company reduced its debt by ~Rs. 400 crs to Rs. ₹689 crs. as of FY23.
PROS
Company has delivered good profit growth of 37.4% CAGR over last 5 years
Debtor days have improved from 62.0 to 33.1 days.
Company's working capital requirements have reduced from 71.5 days to 55.3 days
#SARDAENProduct Portfolio
The Co. offers a wide range of products that include Wires Rods, HB Wires, Ferro Alloys, Pellets, Sponge Iron, and Billets.
Ongoing Capex Projects
Minerals: 1 Gare Palma IV/7 Coal Mine Chhattisgarh: Capacity enhanced from 1.2 MTPA to 1.44 MTPA in May-23, and increasing further to 1.68 MTPA in FY24 and seeking approvals for enhancement to 5.2 MTPA which will be carried out in phases. Also, setting up dedicated Railway Siding for more efficient coal transportation.
2 Coal Washery: Capacity expansion from 0.96 MTPA to 1.8 MTPA is under process.
3 Shahpur West Coal Mine : Extractable reserves of 13.4 MT and Production capacity of 0.6 MTPA – EC, CTE and Stage 1 Forest clearance received.
4 Surjagad 1 unexplored Iron Ore Block in Maharashtra: Declared as Preferred Bidder with 126.35% revenue share in May-23.
Energy
1 Hydro Power: 24.9 MW plant on the Rehar river in Chhattisgarh - construction has started; Expected to achieve CoD in FY25.
2 Solar Power: 50 MW plant to be installed at Chhattisgarh facility for captive consumption, replacing costly grid power; Contract awarded
Steel :
1 Wire Rod Mill: Received consent for capacity expansion from 180,000 MT to 250,000 MT, in FY23.
2 Iron Ore Pellet Plant: Received consent for capacity expansion from 8,00,000 tonnes p.a to 9,00,000 tonnes p.a., on 22-Dec-23.
Waste :
1 Setting up a new project for manufacturing Mineral Fibre with an estimated outlay of Rs. 70 Crores. The project is expected to be
operational by FY25.
