Perfect on-neck pattern breakout on daily chartA Bullish Breakout of On Neck pattern and a Rounding Bottom is visible on the Daily chart of NSE:SPARC
MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue.
One can create a fresh position in the scrip as per the levels mentioned on the chart.
Risk Disclaimer:
The information provided in this analysis is based on my personal interpretation of market conditions and the available data at the time of writing. It is advisable to seek advice from a qualified financial professional and to conduct your own research before making any investment decisions.
Dailybreakout
AUD matching the Dollar in strength The AUD was exceptionally strong today ahead of the CPI release in the early hours of Oct 25th. It is expected to have slowed to 5.3% from 6.0% in Q2 leading the futures marked to price in a 75% chance the RBA will hold rates at the Nov 7th meeting.
Technically however there was a different pictures today, with the Pound and Euro falling 200 pips in the session on the back of a much stronger looking AUD than the macro would have you believe.
As London comes to a close, I'm watching to see if 0.63500 will hold as support for price to build through New York and Asia. Having broken out of a 2 day range (0.63250) on Monday I'm looking to see if price can continue it's trajectory and start to turn around the Daily chart which has been bouncing on the lows since the start of the month.
CASTROLIND-DAILY/WEEKLY/MONTHLY-BREAKOUTNSE:CASTROLIND
Stock is consolidating in a channel from past 8 years. From last year it’s started to making higher low in weekly/Monthly Chart.
Monthly : As per monthly analysis stock has shown a bullish engulfing at bottom levels.
Weekly:
• June 2nd week we can see a big green candle engulfing past multiple weeks.
• June 3rd week there is rejection candle (Inverted Hammer). Things get interesting over here. The rejection candle didn’t get follow through.
• If we look carefully whole week the stock was trading between the range. July first week we can see a boom!
Daily: We can see buying from 122-123 levels from last few days and on Friday (7th July) We can see a big green candle with good volume.
It’s good time to go long for 155-160 targets.
SL: 117
I have already taken this trade.
This is only for educational purpose, please manage your risk accordingly.
HOT - daily break soon? Keep in mind - market is probably overheated and will pull back soon...but I still see long trades with absolutely "no risk" as an option. I tracking short time frames for HOT, and try to find a entry, tight stop loss and with a little bit of luck HOT break the daily trend and get a big push upwards...that could lead to a daily break and a good entry point. HOT can move like crazy sometimes, and a good entry point with tight stop loss will give me a decent risk reward ration.
USDCADWatching to see how USDCAD plays this daily range low. We popped below it briefly a couple weeks ago and for a few days in January, but before that we have to look back to Oct 2018 before price has been below for an extended period of time.
Will be looking for a daily close below on Volume before taking short entries.
Long play would need to see a break of the top side of the blue range. Any inside that range can't be trusted for a 1h/30m trend break trade.
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District0x ( DNTBTC ) Daily breakout | 50% short term targetprice can move very fast in this coin.
Buy : 60 - 65
Target: 70 , 80 , 100
Stop : 7%
price try to hold above 100 ema on 4 hour .
good buy at breakout and hold your coin for now .
SysCoin Price near Key Resistanceprice is near key Resistance if close above the resistance than coin can jump 20% - 30% in short period of time
1) Volume breakout
2) price above 21 ema need to hold
3) facing Resistance with high volume
daily close above 278 - 280 is very good for next departure till than we must wait and enjoy the breakout will buy Retest ..
ASTBTC Trade Setup there is massacre in alts so try to enter after today weekend candle closing
bitcoin can do unexpected things.
buy : 280 - 285 ( very small position if breakout than we will buy after that) , also set bids at 260 - 265 region
Stop : 240 (those who are risk taker do not fomo )
Target : 310 , 330 , 370
do not take risk enter with small position or wait for weekly candle to close