Bullish Setup or Bearish Breakdown Ahead?OANDA:GBPUSD - 1Hr Chart
Price: 1.26202
After analyzing the chart, we found RSI in the extreme oversold zone on higher timeframes. Currently, the price is trading above support at 1.25732, which we anticipate as a potential bullish reversal point. However, strong resistance at R1 (1.26953) may cause consolidation and pullbacks around this level. After consolidation, we expect the price to break R1, with the next resistance target at R2 (1.28174). R2 is also a strong resistance, so price may stall and pull back here as well. A breakout above R2 would target the major resistance at 1.29395.
On the other hand, if the bearish pressure persists and price breaks below support at 1.25732, a further decline could bring the price to 1.25122.
Key Levels:
Support: 1.25122
R1: 1.26953
R2: 1.28174
Major Resistance: 1.29395
Remember to follow your risk management for long-term success.
Happy trading!
Bullishreversal
Is a Trend Reversal Coming?OANDA:EURUSD
Multi-Timeframe Analysis
Current Price: 1.07962
Potential for a Bullish Reversal:
EUR/USD is showing strong signs of a possible bullish reversal across multiple timeframes, marked by key technical indicators:
• Breakout of Descending Channel Upper Trendline
• Weekly Major Support Zone
• Potential Double Bottom Formation
• Emerging Bullish Divergence
Descending Channel Breakout:
The price has broken above the descending channel’s upper trendline (highlighted in the red circle on the chart), turning this line into a weaker resistance zone.
Weekly Major Support Zone:
We anticipate that price may retest the major weekly support level at 1.07421. This zone could serve as a solid foundation for a double bottom formation, combined with a bullish divergence. If this occurs, it could present an optimal entry point for buyers.
Top of Trading Range:
Should price rally, the next significant resistance lies at the top of the trading range, around 1.08635. Given the strength of this resistance, we might see a pullback at this level before further movement upward.
Price Target:
Based on technical indicators and chart patterns, the final target stands around the psychological level of 1.10000.
Key Levels to Watch:
• Support: 1.07421
• Resistance: 1.08635
• Target: 1.10000
Stay tuned and happy trading!
LOKA USDT Daily TF LOAK USDT Trade Idea.
Historical Trends:
The price has seen substantial volatility since early 2024, with a major peak above $0.350 in mid-year followed by a prolonged bearish phase.
The price has consolidated near the $0.165 to $0.176 support zone (M-W-Sup: likely Monthly or Weekly Support).
Support & Resistance Zones
Support:
Major support appears around the $0.165 to $0.176 zone, which is being retested. This level is holding well and represents a potential accumulation zone.
Resistance:
Immediate resistance lies around $0.250, with a potential move towards the $0.340 zone, as indicated by the blue projection.
Projected Path (Bullish Scenario)
The projection suggests a breakout from the consolidation around $0.201. The price could move upwards in a zigzag pattern, with the next major target being around $0.340. This implies bullish momentum for the upcoming months.
RSI Double Bottom
Upon closer inspection of the RSI:
The RSI made a low around 32.00 in early September, indicating oversold conditions.
It then bounced and made another low, slightly higher, around 47.01, forming the double bottom pattern.
This formation is often a precursor to a bullish trend reversal. As the RSI moves upward, it could signal stronger buying momentum in the near future.
The double bottom RSI pattern confirms the likelihood of upward price movement, which aligns with the chart's bullish projection.
Overall Confirmation
Price Action: The bounce from the M-W support zone around $0.165 is holding, and combined with the RSI double bottom, this strengthens the probability of a bullish breakout.
Key Levels to Watch:
If the RSI continues to climb and breaks above 60, this would further confirm a stronger bullish trend.
The projected price levels of $0.250 and $0.340 remain valid targets based on this setup.
Return of Volatility IndexesIt's September 18 2024 10:51pm EST, just another Wednesday. Elections are creeping up and Chinese (HSI) markets are sparking uptrend. Somehow, American volatility indexes are evidently setting up for what appears to be a big return to the upside. Perhaps only a rare few have captured it? Who knows, but the cycles don't lie and neither do the high timeframe supercycles, which imply a reversal is overdue for the volatility indexes, including UVXY (ETF), VXX(ETN), and VIX and their corresponding denominations, just to name a few. In any event, it would be fair to say that after today's close and going forward, these volatility indexes are ready for takeoff. The catalysts are not exactly clear, though. Election alone can't spark them, and if Covid triggered the last significant run, what's next? This, only time will tell, but the 'vola' indexes are nonetheless ready for takeoff.
NZDUSD - Technical Analysis [Long Setup]🔹 NZDUSD Analysis on 1HR chart
- The current Trend is Bullish
- Bullish Divergence is Present
- No Reversal pattern
- Waiting for a Break of Structure for Confirmation
🔹 Trade Plan
- Entry Level = 0.61647
- Stop Loss = 0.61072
- TP1 = 0.62223
- TP2 = 0.62802
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
Like and subscribe to never miss a new idea! ✌🏼
Trading Analysis and Prediction for BTCUSD at $60,736### Trading Analysis and Prediction for BTCUSD at $60,036
**Current Market Overview:**
Bitcoin (BTC) is currently trading at $60,036, experiencing a robust upward momentum as it continues to recover from recent market fluctuations. The cryptocurrency market is seeing renewed interest from institutional investors and increased adoption in various sectors, contributing to the ongoing bullish trend.
**Technical Analysis:**
The BTCUSD pair has successfully broken through key resistance levels at $58,000 and $59,500, signaling strong buyer interest. The Relative Strength Index (RSI) is hovering around 70, indicating that Bitcoin is in overbought territory, but not yet showing signs of a significant reversal. Moving averages (MA) on the 50-day and 200-day charts are showing a bullish crossover, further supporting the continuation of the upward trend.
**Support and Resistance Levels:**
- **Immediate Support:** $58,000 - A break below this level could signal short-term bearishness, potentially leading to a dip towards $55,000.
- **Immediate Resistance:** $61,500 - This level has been tested multiple times and may act as a psychological barrier. A decisive break above could lead to a swift move towards $65,000.
**Anticipated Trading Direction:**
Given the current technical indicators and market sentiment, BTCUSD is likely to continue its bullish trajectory, with potential short-term corrections. The market is expected to test the $61,500 resistance in the coming days. If the price breaks above this level with high volume, the next target would be $65,000.
**Objective Trading Strategy:**
1. **Long Position:** Traders should consider entering a long position around the current price level ($60,036), with a stop-loss set slightly below the $58,000 support level. The target for this trade would be $65,000, with a potential extension to $68,000 if market conditions remain favorable.
2. **Risk Management:** It's crucial to monitor the RSI and volume closely. If RSI begins to diverge negatively or if there’s a significant drop in volume, traders should consider tightening stop-loss orders or taking partial profits.
3. **Alternative Strategy (Short-Term Correction):** In case of a failure to break above $61,500, traders may look for short-term bearish setups. A short position could be considered if the price drops below $58,000, targeting $55,000, with a tight stop-loss around $59,000 to manage risk.
**Conclusion:**
Bitcoin is currently positioned for continued growth, but traders should remain vigilant of key resistance levels and potential short-term corrections. Employing a strategic approach with well-placed stop-losses and considering both bullish and bearish scenarios will provide the best opportunities for capitalizing on the current BTCUSD market trends.
XRP gaining dominance after lawsuit victory!Welcome back to another analysis, where we dive into the latest market trends and chart the potential paths ahead!
Today, I examined the XRP Dominance chart. The chart reveals that we've broken out of a falling wedge resistance and have since retraced to retest the former resistance line as support. Additionally, a double bottom pattern has formed, accompanied by a bullish engulfing candle on the weekly chart, right at the base support line and the previous falling wedge resistance.
Notably, the volume data shows an interesting trend: XRP has seen more inflow volume than outflow, indicating potential accumulation by both retail investors and institutions.
We are currently facing additional resistance, but if we manage to break through and establish a bullish trend on the XRP Dominance chart, key resistance levels to watch will be around 3%, 4%, and 6% dominance. Historically, XRP once held 30% market dominance, and I believe this project has the strength to reach that level in the long term.
Turning to the BTC Dominance chart, it is also encountering significant resistance, suggesting a potential turning point where altcoins may outperform Bitcoin in the coming period.
Thank you for reading, and be sure to follow for more in-depth analysis like this!
For additional insights, I also share free weekly updates on X: @PuppyNakamoto.
CRYPTO:XRPUSD COINBASE:XRPUSD BINANCE:XRPUSD BITSTAMP:XRPUSD BINANCE:XRPUSDT CRYPTOCAP:XRP.D
Potential Bullish Reversal for Stader (SD/USDT)#SD/USDT #Analysis
Description
---------------------------------------------------------------
+ The chart shows a descending channel pattern forming since the peak in end of 2023. The price has respected the upper and lower bounds of this channel multiple times, indicating a strong bearish trend within this range.
+ The price is currently near the lower boundary of the descending channel, around $0.51, which has acted as a significant support level.
+ A breakout above the upper boundary of the channel around $0.93 could signal a potential trend reversal.
+ If the price holds above the $0.50 support level and breaks out of the descending channel, we can expect a potential move towards the $1.15 resistance zone.
+ Further upside could see the price targeting the $2.00 - $2.50 levels
+ The RSI is currently at 40.42, indicating that the asset is nearing the oversold region. A reversal in RSI towards the 50 mark would support a bullish momentum shift.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: $0.5109
Stop Loss: $0.37
------------------------------
Target 1: 0.8259
Target 2: 1.15
Target 3: 2.0
Target 4: 3.0
Target 5: 5.0
------------------------------
Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Potential Bullish Reversal for WFI (WIF/USDT)#WIF/USDT #Analysis
Description
---------------------------------------------------------------
+ The chart shows a descending channel pattern forming since the peak in early 2024. The price has respected the upper and lower bounds of this channel multiple times, indicating a strong bearish trend within this range.
+ The price is currently approaching a significant support zone around $1.80, which aligns with the lower boundary of the descending channel.
+ A breakout above the upper boundary of the channel around $2.30 could signal a potential trend reversal.
+ The EMA 100 (blue line) and EMA 55 (light blue line) are currently acting as dynamic resistance levels. A break above these moving averages would add to the bullish sentiment.
+ If the price holds above the $1.80 support level and breaks out of the descending channel, we can expect a potential move towards the $4.00 - $4.50 resistance zone. Further upside could see the price targeting the $6.50 - $7.00 levels, as indicated by the dotted arrow path.
+ The RSI is currently at 37.31, indicating that the asset is in the oversold region. A reversal in RSI towards the 50 mark would support a bullish momentum shift.
+ As long as the price remains above the $1.80 support level, there is a potential for a bullish reversal.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: $1.80 with confirmation of suppor
Stop Loss: $1.3
------------------------------
Target 1: 3.042
Target 2: 4.170
Target 3: 5.0
Target 4: 7.0
------------------------------
Timeframe:1D (Daily)
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
NZDCHF Bullish ReversalI am entering long on NZDCHF for the following reasons:
- We are in a current downtrend.
- The previous daily close is a bullish candle, a long lower shadow and tiny upper shadow.
- Price is predicted to pullback to the trendline here, at the very least.
My trade is Entry 0.54340, Stop Loss 0.54040, Take Profit 0.54650, 1:1 RR. This is considered to be a swing trade.
Bullish reversal in Tata Steel?10-05
There might just be a bullish reversal in the hourly chart of Tata Steel:
1. Candle made in the last hour yesterday looks like a bullish reversal candle so we will keep our SL below the low i.e. below 161.5
2. There is a bullish crossover in the MACD as well.
My targets will be around 170.
#educational purpose only
Top of channel POC magnet buyThese algorithms say this price action is a buy, and are indicating pressure towards the top of the daily trennd channel. this fund is oversold, and in pullback from a bullish overall trend where it has consolidated above fair valu gap and equillibrium.
AI is good at trading crypto, and if the computer is buying itself, then im buying the computer
AMEX:BITO
CME:BTC1!
Small Cap - Froth Few Away ??? :) :) :)Nifty Small Cap - Remember Madam Madhabi's speech on Mar 11 and the great fall....Marked in BLUE Arrows. We are back to same Level. So, where is the Froth ? Flew away with the wind ?
Look at how many RED LINES (Supports) were broken from Mar 11 till Mar 14th. All of them turned back as Resistances.
Guys - why is no one asking this question yourselves ? If the Market is Indeed weak - Breaking support is ok, but how can it take a V shaped U turn and Break all the Resistances on the upside ? Please don't fall prey to Panic Selling Messages.
Remember - we think we are outsmarting the market, preserving our capital, waiting for market to come down to do bottom fishing. But when the market is falling like crazy - how many of you know when to do Bottom Fishing ? Do you all have confidence to buy when market is still falling ? When market turns back quickly and gives sudden upward move - how many of you feel you missed your entry points ? LC to UCs
I have given so many examples of LC to UCs. We can't time the market, neither can we outsmart the market. We need to Learn to Ride the Tide irrespective of its side. To do that, we need to have conviction first, then follow support and resistances and then make informed and rational decision
I know one thing for sure - very limited folks in this group sold off their positions at levels higher than Mar 11. Many sold after the Mar 11 instigated crash. Now most of our Ex-Holdings would have come above our sell-off zone ? Isn't it
there could always be few exceptions which still might be struggling. Out of my 94 stock portfolio which is Small and Mid Cap heavy - most of them recovered to Pre-Mar 11 levels. And many are not so Fundamentally strong. But how did I get back the recovery ? Because market is not rational between Fundamentals and Technicals always. Over a long run it might equalize, but by that time, I will make my money and say TA TA to those stocks.
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
NOW is a buy after a down tech stock day LONGNOW is on 15 minute chart with a volume profile overlaid and relative volume and volatility
indicators below the chart. NOW had a good earnings beat late January. It is halfway to the
next earnings. I think right now software stocks are hotter than hardware/ networking stocks.
NOW got dragged down by technology headwinds into its support and the fall got rejected
by buyers near to the close of the regular market hours. The lower VWAP bands are confluent
with the support zone and confirm deep oversold and undervalued stock price.
I believe this is excellent for a long trade perhaps lasting until the run-up before earnings is
6-7 weeks through the buy of a small lot of shares or a call option expiring at the May or June
monthly in the range of $750 ( OTM). This will complement existing positions in CRM
CRWD and PLTR.
RIOT - Recovering Vectors and Gaps - BullishNASDAQ:RIOT
-Consolidation is expected as lower highs and higher lowers are printed
-RIOT is filling gaps and vector candles at ~11.5 and ~12.2 respectively
(So buy zone should be around those)
-Pivot point was registered at 11.94
-As long as it doesn't break the low ADR ~11.3 we should be good
-If it breaks low ADR, the new pivot could be ~9.7
-Target 1 should be ~14.6 as it recovers vector
-Target 2 should be ~16.3 as it recovers vector in daily timeframe
*Not Financial Advice*
The Rising Sun - SOLARA ACTIVE PHARMASolara Active Pharma went thru a Turmoil after its Ex-CEO resigned almost 2 years ago citing reasons for his failure to manage the company's profitability
After the new management took charge - it took 18+ months to stabilize and now to turn the stock to Bullish mode.
Technical Pattern:
On Weekly - Solara BO of a Falling Wedge Pattern from Jun 2022, but after BO it faced major resistance at 450 levels forcing it go down and Retest the BO zone
After Successful Retesting, the price took a strong Bullish Reversal and today trading approx 11% higher and testing the 450 zone again. This time, it has formed a Strong Rounding Bottom Pattern. A strong BO above 450 WCB will take the stock to 550 levels quickly, but this is not the end - there is much more distance to Cover for Solara
the subsequent targets given at 840, 1200++. Its a Multi-bagger in the making. Don't miss out this Master Blaster
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
The Phoenix Rising - Reliance CapitalWhat goes Up will come down, What goes down will Rise Up - This is Universal Law
Abiding by this law - Reliance Capital - The once sunken stock - declared bankrupt - Resurrected by Hinduja Group (IndusInd International Holdings) which bought Reliance Capital for approx. 9,600 Crore.
The effects of these actions are seen on the Charts clearly - The Phoenix Rising from the deep. Recently the stock was removed from ESM Phase II - relieving it from restriction of being traded only on Mondays. From the New year - the stock is hitting 5% UC each day
Here are the confirmation of Bullish Reversal
The classic HH-HL structure indicating Bullish Reversal on Monthly
HH-HL formed at 0.786 FIB Retracement which is a very reliable bounce level
A Beautiful Rounding Bottom Structure on Monthly
Symmetrical Triangle formation
BO is pending both on Rounding Bottom & Symmetrical Triangle - BO above 15 WCB will take to targets of 42, 52, 78
Word of Caution: This is still a Risky bet - The above suggestions are for those beaten down souls already holding the stock for quite long. Hold your breath - Keep up your hope and Patience - good times are ahead. New Entrants - better to stay away from this script until stronger bullish structures are formed
Disclaimer:
Stocks-n-Trends is NOT a SEBI registered company. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi--timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Mining thru the Miner Stock - VedantaMulti-Timeframe Analysis of Vedanta:
Decoding the Dividend Yield
Vedanta Ltd has been a Cash Cow atleast for past 2-3 years from a Dividend Perspective. More than the Stock price gain - It has provided Dividend Yield of more than 40% since 2022. A large portion of Dividend yields was being utilized to settle the Parent Company's Debt in UK. It was like a Collateral "Gains" for us - the retail investors - who also got big chunk of Dividends. I used to say in a funny way "As long as Vedanta is in Debt - I will enjoy Hefty Dividends" :) This is real and realized profits unlike the stock prices which goes up and down
Flag Pole Break Out on Monthly Chart
As you can see, VEDL has completed a Flag Pattern BO on Monthly level with huge target of 488
Multi-Bullish Patterns on Daily Chart
On the Daily - there are multiple bullish Patterns
1. Cup and Handle - BO started today
2. Inv Head & Shoulder embedded inside the Cup - Target Reached
3. While forming the Handle portion - it also completed the BO - Retest of Flag Pattern which is a Very Healthy sign
Vedanta is all set to Shine Bright & Hot in the upcoming days - especially when the Metal Index is also on BO - there is no stopping for this beauty now :) :) :)
GBP/USD Potential Bullish Reversal - Cup and Handle FormationGBP/USD is currently on the verge of the lower boundary of an upward channel and forming a Cup and Handle pattern, indicating a potential bullish reversal. The entry point may occur after the price successfully breaks and retests the SNR level at 1.23113.
Technical Analysis:
-The Cup and Handle pattern is forming, signaling a potential bullish reversal.
-The price is approaching the lower boundary of the upward channel.
-SNR level at 1.23113 is a critical point for breakout confirmation.
Trade Plan:
-Entry Point: Wait for the price to break and retest the SNR level at 1.23113.
-Stop-Loss: Place a stop-loss below the nearest support level or according to your personal risk tolerance.
-Profit Target: Set a realistic profit target, possibly at the next resistance level (1.25497)
Special Considerations:
-Monitor economic news and fundamental factors that may affect GBP/USD.
-Do not hesitate to exit the trade if there are significant changes in market conditions.
RISKING 3% FOR THE REWARD OF 15% IN NSE:METROPOLIS HEALTHCAREprice made CHANGE OF CHARACTER from BERAISH to BULLISH in DAILY time frame and taken out the inducement (1st pullback) and reached the first valid DEMAND ZONE and we can look for LONG from that level and can ENTER the trade ABOVE 25/08/2023 candle's high by placing a strict STOPLOSS of 3% or when the SL got hit, can look for long from extreme demand zone (price level - 1210 to 1970).
Platinum is finally showing some life signals!The price fell hard in the last weeks under the yearly support find, but is finally showing some reversal signals. The green trendline is coming from last August. Both RSI and OBV show some degree of bullish reversal signals. The supertrend painted BUY in 4h. If we can clear the band at 925$, OANDA:XPTUSD can see the 980$ area quickly. Depending on how fast we go there, the structure may look like an eve-adam pattern, which may throw the price to 1040-1080 region.
Combining the move with OANDA:XPDUSD , we may be at the beginning of a big bullish movement of precious metals!
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
HASH RIBBONS - Bullish Indicator 📈🐂Understanding the HASH RIBBONS Signal:
The HASH RIBBONS signal is based on the interplay of two essential moving averages: the 30-day Simple Moving Average (SMA) and the 60-day SMA. When these moving averages cross in an upward direction, it generates a bullish HASH RIBBONS signal.
The Strength of HASH RIBBONS Signal on Weekly Time Frame:
The HASH RIBBONS signal's significance amplifies when observed on the weekly time frame. Here's why it's considered a potent bullish indicator:
Confirmation of Bullish Momentum: A bullish HASH RIBBONS signal on the weekly chart confirms the presence of strong bullish momentum. This suggests that the cryptocurrency's price may experience a sustained upward trend.
Long-Term Perspective: The weekly time frame provides a broader view of market trends, filtering out short-term noise. A bullish signal here reflects a potential shift in long-term sentiment, which can be a precursor to a substantial price rise.
Market Sentiment Reversal: A HASH RIBBONS crossover indicates a possible reversal in market sentiment. This shift can attract more buyers, resulting in increased demand and upward price movement.
Conservative Traders' Choice: Many conservative traders rely on signals from longer time frames like the weekly chart to validate their trading decisions. A strong HASH RIBBONS signal can provide the necessary confirmation for these traders.
Potential Entry Point: A bullish HASH RIBBONS signal on the weekly chart often serves as a compelling entry point for traders seeking to ride a prolonged bullish trend.
Conclusion:
The HASH RIBBONS signal on the weekly time frame holds immense potential as a bullish indicator. Its confirmation of bullish momentum, long-term perspective, and ability to signal market sentiment reversals make it a formidable tool for traders and investors alike. However, like all indicators, it's essential to combine the HASH RIBBONS signal with other forms of analysis and maintain proper risk management practices.
As you navigate the dynamic cryptocurrency market, keep in mind that signals provide guidance, but market conditions can change rapidly. Staying informed, adapting your strategies, and using reliable indicators like the HASH RIBBONS on the weekly time frame can empower you to make more informed and confident trading decisions.
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TEGA - Bullish Swing ReversalNSE: TEGA is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 13% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade