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Channeltrend

Exxon is oversold (the most since 2020)NYSE:XOM is inside it's sideways channel since March 2024 and trades within a price range of $108 - $123 with one failed breakout to the upper side in October. The recent pulldown came from commodity prices (oil) and political drama about how much oil will be offered in Trump's term. Of course, it would be best if supply will not outpace demand too much since this would let oil prices drop. Trump will learn this soon enough. Because of that it's mostly noise what we have seen in this chart. The level at $108 offered strong support twice and the sector (XLE) is also offering support itself. Also, the last time we've seen this stock so oversold was during the Covid crash in 2020. From a fundamental perspective, Exxon Mobil's recent performance highlights its strong investment potential. The company's total shareholder yield, combining dividends and buybacks, now exceeds 7%, offering substantial returns to investors. In Q3 2024, Exxon reported $8.6 billion in net profit, with a 25% production increase, partly due to the acquisition of Pioneer Natural Resources. Despite a 5% earnings decline from lower commodity prices, Exxon's diversified operations and strategic investments in alternative energy position it well for long-term growth. The recent stock price dip presents an attractive entry point for investors seeking robust returns in the energy sector. Target Zones $114.00 $123.00 Support Zones $108.00
NYSE:XOMLong
by LGNDRY-Capital
7
STAR aim for the range 697 to 740Looking at the analysis of **STAR (NSE:STAR)** in the following time frames: **22-day time frame**, **weekly time frame**, **daily time frame**, and **4-hour time frame**. The trend suggests a potential movement between the **Support Zone (₹690-₹697)** and the **Resistance Zone (₹740-₹750)**. This translates to a percentage move of approximately **7.42%** 📊. Anything below ₹690 can be considered as a stop loss in this scenario. We are using channel patterns to identify these ranges accurately. The price is currently consolidating near the support range with a potential bullish reversal. **Bullish View:** Expecting a breakout above ₹750, leading to further upward momentum. **Bearish View:** Further decline if the support zone ₹690-₹697 breaks. The setup shows a very interesting formation with high potential! 🚀 ⚠️ **Note:** We should expect further decline if **STAR** breaks the **Support Zone (₹690-₹697)**. ⚠️ 🔔 **Be sure to follow the updated ideas.** 🔔 ⏰ **STAR Analysis** on multiple timeframes! Do not forget to put **Stop Loss** for your positions (for every position you want to open). **Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.** ✅ **Please do not forget the 'Like' button** add comments ✅ 🙏😊 & Share it with your friends; thanks, and Trade safe. You may refer to my ideas, minds, scripts, and other details here: www.tradingview.com ** NSE:STAR ** **Idea snapshot link:**
NSE:STARLong
by MarxBabu
Will Berkshire Hathaway hit $525 before a healthy correction?📈 Introduction Berkshire Hathaway (BRK.B) has shown a consistent pattern of growth over the past years, forming well-defined bullish channels with predictable wave lengths. The current price action suggests a potential healthy correction before another upward rally that could see prices reach the $525 mark. 💡 Key Observations from the Chart 1 - Channel Dynamics: The price has respected two major ascending channels over the last few years. Each channel has shown waves of sustained upward momentum, lasting approximately 731 days and 790 days, respectively. This consistent cyclicity points to a reliable trend structure. 2 - Correction Phase Ahead? Based on historical patterns and technical indicators, we might see a short-term correction into the $450-$460 range. This is supported by: Overbought signals from the Stochastic Oscillator (75/77). A potential test of the lower boundary of the current ascending channel. 3 - Upside Potential to $525 ~ $550+ After the correction, the next bullish phase could see prices push toward key resistance levels at $491.67 and ultimately $525.90. The confluence of the SMA and VWAP levels reinforces this projection, with strong support near $457.51 acting as a springboard for the next rally. What’s Next? The stock remains in a long-term uptrend, and the current dip should be seen as an opportunity rather than a threat. With volatility at 9.63%, the market appears poised for a calculated breakout in the medium term. What do you think?
NYSE:BRK.BLong
by felipegomesbwm
1
Analysis of NBCC (India) Limited ChartOverview: The daily price chart of NBCC (India) Limited indicates a recovery phase after a significant correction from its 2024 highs. Key support and resistance levels are identified, along with a potential pattern that suggests consolidation followed by a breakout. Key Observations: 1.Trend Analysis: The stock was previously trading within an ascending channel, marked by higher highs and higher lows, indicating a bullish trend until August 2024. Post-August, the stock broke below the channel, resulting in a sharp correction of approximately -30%. 2.Support Levels: ₹84.25: Strong support zone, as highlighted by multiple touches and a bounce from this level. It acted as a demand zone during the correction. The stock formed a short-term base in the ₹84–₹90 range, leading to the current recovery. 3.Resistance Levels: ₹102.10: Immediate resistance, corresponding to the 100-day moving average (acting as a dynamic resistance). ₹111.44: The next major resistance from previous highs and the upper boundary of the consolidation zone. 4.Potential Pattern Formation: A possible W-shaped reversal pattern is forming. If the stock sustains above ₹93.09 (mid-level support) and breaks ₹102.10, the next target could be ₹111.44. The pattern suggests a consolidation phase before a potential breakout above ₹111.44. 5.Volume and RSI Analysis: Volume: Increased buying interest near the ₹84 zone, indicating accumulation. RSI: Currently recovering from oversold levels, indicating improving bullish momentum. 6.News Catalysts: The Housing and Urban Development tie-up to develop a land parcel in Noida could provide a fundamental boost, aiding positive price action. Projection and Strategy: Bullish Scenario: Sustained breakout above ₹102.10 may lead to ₹111.44 and beyond. Traders could consider this level as a pivot point for long positions. Bearish Scenario: Failure to hold ₹93.09 may lead to a retest of ₹84.25, where buyers could step in again. Conclusion: The stock is in a recovery phase, supported by strong fundamentals and technical patterns. Traders and investors should monitor key levels like ₹93.09 (support) and ₹102.10 (resistance) for confirmation of further trends.
NSE:NBCCLong
by AngshumanSaikia
Buy EUR/CAD Bullish ChannelThe EUR/CAD pair on the M30 timeframe presents a potential Buying opportunity due to a a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 1.4795, This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.4874 2nd Support – 1.4912 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
5
Ethereum - Buy It Now Or Never!Ethereum ( BITSTAMP:ETHUSD ) will offer a final retest: Click chart above to see the detailed analysis👆🏻 Ethereum is about to retest a perfect confluence of support from which a bullish reversal is almost certain. Following the overall bullish trend, Ethereum should retest the previous all time high next and then maybe even follow Bitcoin and create new all time highs going into 2025. Levels to watch: $2.000 Keep your long term vision, Philip (BasicTrading)
BITSTAMP:ETHUSDLong
by basictradingtv
36