Chartanalysis
Follow The Trend or Wait for Retracement...NSE:BAJAJ_AUTO trade at 10500. Support is at 9700 and Resistance at 10600.
P/E RATIO - 36.35 Industry P/E - 23.75
On the 23rd AUG Bajaj Auto give a Breakout above 10000 level. You can wait for Retracement otherwise Follow the Trend for Next Resistance at 11200-11500.
CHEEMS/USDT Analysis – Potential Breakout Ahead?On the daily timeframe, CHEEMS/USDT is showing a clear ascending triangle pattern, indicating bullish pressure as the price forms higher lows while facing resistance around the upper trendline. This pattern is commonly seen as a continuation pattern in uptrends.
Key Levels:
Resistance: Around 0.00000102 USDT
Support: Around 0.00000095 USDT
Indicators in Play:
Volume: A slight increase in volume near the trendline suggests buyers are gaining control. A breakout with high volume above the resistance level will confirm the bullish momentum.
EMA/SMA: If moving averages (e.g., EMA 50 or SMA 200) are included, they may serve as dynamic support or indicate overall trend direction.
RSI: Check if RSI is nearing the overbought region (above 70), as this could indicate a potential correction before a breakout.
Potential Trade Setup:
Entry: Wait for a confirmed breakout above 0.00000102 with significant volume.
Target 1: 0.00000120 (short-term target based on the height of the triangle).
Stop Loss: Place below the last swing low around 0.00000093 to manage risk.
Bearish Scenario:
If the price breaks below the support line at 0.00000095, we could see further downside, possibly toward 0.00000085.
Cronos: Target Zone AheadCronos (CRO) has recently been steering a less volatile sideways course. We have identified a beige Target Zone between $0.13 and $0.08, which should catch the low of the ongoing wave in green, thus presenting an opportunity to open long positions. However, if the price directly breaches the resistance at $0.23, we will have to consider the green wave alt. as complete, and the outlined Target Zone will be missed. We assign a 33% probability to this alternative scenario.