Black Friday saleUp to 70% OFF

Candlestick Analysis

WTI LONG I've decided to open a new long position in oil FPMARKETS:WTI , despite the odds not being particularly favorable. My reasoning is based on observing strong support at the daily Fair Value Gap (FVG), which I had been waiting for to confirm a solid reaction before entering. On the weekly chart, the outlook leans more bearish, and this week’s performance will be crucial in determining the market's clear direction. While the 1-hour chart shows a decent reaction, it’s from a lower timeframe, which doesn’t carry much weight in terms of broader market strength. Looking at the daily timeframe, the market structure is not encouraging. We’ve seen a consistent pattern of lower swing lows, adding pressure to the overall setup. Trading management However, on the 15-minute chart, this trade aligns perfectly with my approach: stop-loss just below the wick, as the candlestick has shown strong respect for this level. My take-profit is targeting liquidity on the buyer’s side. I plan to take partial profits at $71.46 and move my stop-loss to break even. 71.46-->RR: 4.19 74.24-->RR: 7.54 Capital risk: 1%
FPMARKETS:WTILong
by Jaytradermb
Nifty on a record breaking spree approaches another channel top.Nifty again had a breathless run today and closed at 26216 after making a new all time high of 26250. the scope of growing further looks limited but with lot of large caps picking up pace and rotation from mid cap and small cap stocks towards large caps is helping the Nifty move further. FIIs and DIIs are both on a buying again probably indicating a move towards large caps. Heroes of the day today were Maruti Suzuki, Grasim and Tata Motors along with Bajaj Twins, M&M and Shriram Finance. Large cap banks did not much much but are not relenting as well. The parallel Channel indicates the channel top near 26443 with resistances at 26250 and 26338. Supports for Nifty is near 26029. Again the zone between 25865 and 25812 will be the most significant support as this zone contains the mid channel support along with Mother line support. The rally can turn bearish (Looks less likely as of now but you never say never) below 25282. Shadow of the candles look neutral to positive as of now. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Hindustan Aeronautics Ltd. (NSE: HAL): A Bullish Breakout in the🚀 Market Insight 🚀 I'm excited to share my latest analysis of Hindustan Aeronautics Ltd. (HAL), where the stock is displaying promising bullish signals. Key Highlights: Government Contract Boost: HAL recently secured a significant ₹260 billion contract from the Indian Air Force, providing a strong fundamental backdrop. Technical Analysis: The stock has broken out of a consolidation range, with an RSI Divergence indicating potential upside momentum. Bullish Checkmate Pattern: This candlestick pattern suggests a possible weakening of bearish momentum, hinting at an impending trend reversal. Target Projections: Primary Target: If HAL sustains above its all-time high, the first target could be ₹5,681.15, representing a 24.58% potential upside. Extended Target: Further momentum could see the stock reaching ₹6,793.45, a 40.49% gain from current levels. Why It Matters: With HAL positioned at a crucial technical juncture and backed by strong fundamentals, this could be an excellent opportunity for investors to capitalize on a potential bullish trend. Stay Connected: If you find this analysis valuable, let's connect! I regularly share market insights and technical analyses aimed at helping you build wealth. #StockMarket #TechnicalAnalysis #HindustanAeronautics #HAL #Investing #Trading #MarketInsights
NSE:HALLong
by AngshumanSaikia
4
$BTC - Hourly C&H | Enough to break through $65k?I’ve spotted a classic Cup and Handle (C&H) pattern on the hourly chart, and it looks like it could be a promising setup for a long position if we are indeed gearing up to challenge FWB:65K again. Trade Idea: Entry Point: Look for a breakout above the handle’s resistance level. This confirms the pattern and signals a potential upward move. Target: Aim for a 3% gain from the breakout point. This target is based on the typical price movement following a C&H breakout. Doing incremental TPs at the Fibs make sense as well Risk Management: Place a stop loss just below the handle’s low to manage risk effectively & always ensure your position size aligns with your risk tolerance. Who is bullish? Nfa dyor yakwtfgo
BITSTAMP:BTCUSDLong
by httpz
WTI Long High riskOil Trade Setup FPMARKETS:WTI I've decided to go long just before the news release, as I noticed the liquidity sweep had already occurred. However, I'm cautious about this trade, as the bullish probabilities are mixed, and there are stronger bearish arguments. Trade Management: Stop Loss: Placed just below the liquidity sweep, as breaking this level would suggest further downside. Take Profit: Partial exits planned. First target at $72.38, with the remaining at the next level of buy-side liquidity. Risk/Reward: 4.85 Risk: 1%
FPMARKETS:WTILong
by Jaytradermb