Upside potential in UFOLooking very good at this moment to buy on weekly timeframe and daily timeframe also.
This is breakout opportunity as the stock broke the important resistance and also it's 200 EMA on weekly timeframe. And also a breakout of inside candle on daily timeframe. This stock can give you more Risk to reward ratio as the is only 12.5% and the reward that you can expect is around 100% approx.
Dailytimeframe
Why Daily Time Frame Analysis 📅🔍 Matters
In the dynamic world of forex trading, one key decision traders face is choosing the right time frame for their analysis. While there are various options available, the daily time frame holds a special place for traders seeking consistency and reliability. In this comprehensive guide, we will explore the compelling reasons why traders should prioritize daily time frame analysis in their forex endeavors. With real-world examples and insights, you'll discover how this approach can lead to trading success.
The Significance of Daily Time Frame Analysis
Daily time frame analysis offers several essential advantages that can significantly benefit forex traders:
1. Clarity Amidst Market Noise
One of the primary benefits of daily time frame analysis is the reduction of market noise. Shorter time frames, such as the 1-hour or 15-minute charts, often exhibit erratic price movements that can confuse traders. By focusing on the daily time frame, traders gain a clearer and more stable perspective of the market's overall direction.
2. Work-Life Balance and Trading Flexibility
Daily time frame analysis doesn't demand constant monitoring of the markets. This characteristic is particularly appealing to traders who wish to balance their trading activities with other commitments, such as work, family, or personal life. It enables traders to engage in forex trading without feeling overwhelmed or tethered to their screens.
3. Enhanced Risk Management and Strategic Planning
The daily time frame provides traders with ample time to conduct thorough analysis and craft well-thought-out trading strategies. This extra time empowers traders to implement effective risk management practices, set appropriate stop-loss levels, and plan their trades with precision.
Daily time frame analysis is a valuable tool that empowers forex traders with clarity, flexibility, and enhanced risk management capabilities. By prioritizing the daily time frame, traders can navigate the forex market with confidence and a broader perspective. This approach not only leads to more informed trading decisions but also allows traders to strike a balance between their trading activities and other aspects of their lives. In the end, focusing on the daily time frame can be a crucial step towards achieving trading success in the world of forex. 📅🔍💹
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JSW ENERGY- Daily Timeframe-Bullish patternNSE:JSWENERGY
From March-2023 Stock is taking rejection from bottom trendline and on the upper side sellers are trying to sell it around 275-277 levels (resistance zone).
However, the swing lows are shifting up side (Higher lows) which is a sign of strength, sellers are not able to drag it below previous swing.
Currently it has taken support on the trendline 5th time and it’s near its rejection zone.
Stock has good potential to go upside in upcoming weeks.
This is only for educational purpose, please manage your risk accordingly.
HATSUN-Tringle Breakout-Daily TimeframeNSE:HATSUN
Stock has consolidated very well from past few days and it has given a breakout from tringle on 26th June.
Good opportunity to go along with SL below the consolidation.
Target: 1040 1100
This is only for educational purpose, please manage your risk accordingly.
MGL-LONG DAILY TIMEFRAME NSE:MGL
Stock is consolidating in Descending triangle pattern from past few days.
It is taking support on previous Break out level which is 1015-1020.
On 22nd June we can see a clear rejection from top. Following to the rejection there is a big red candle which is closed near support levels. Now here comes the interesting part the red candle did not got the follow through.
The stock has opened slight gap down on Monday (27th June) and it has been sharply pushed up by buyers. This is a good opportunity to go long and with low SL (approx. 2%)
Please wait for the bullish price action if it opens gap down on Tuesday (28th June)
SL: 1010 Target: 1070
The entry is bit early as I mentioned that previously red candle did not got the follow through.
This is only for educational purpose, please manage your risk accordingly.
GRSE-LONG DAILY TIME FRAME NSE:GRSE
Stock is in continue uptrend from last few days it has never traded below its previous swing in past few days.
On 27th-June stock has shown Bullish Engulfing (Bullish price action) which is good sign for positional equity/swing traders.
We can go long if it opens flat on Tuesdays (28th June) trading session.
SL: 550 Target: According to your risk reward 1:1 or 1:2
This is only for educational purpose, please manage your risk accordingly.
ALKEM LAB BULLSIH PATTERN _Daily Timeframe_NSE:ALKEM
Stock is consolidating between 3350 to 3450 approximately a month. Price 3350 is holding as good support.
Currently we can see there is a morning star pattern(Bullish Pattern) at support which is a sign of strength. We can go long at these levels and keep SL below swing. The stock should not open gap down on 28th June.
Following to this check 1hr time frame we can see there is a reverse head and shoulder although the Shoulder length is a bit low compare to usual H&S.
This is a good opportunity for positional traders stock has potential to go 3600 in upcoming weeks.
Keep eye, Thank you.
This is only for educational purpose, please manage your risk accordingly.
Daily Time Frame is The MAIN Time Frame to Trade! Learn WHY:
Hey traders,
You frequently ask me what is the most important time frame to analyze and follow.
And even though I must admit that multiple time frames must be taken into consideration for successful trading like weekly/daily/4h/1h. Among them, there is the one that is universally considered to be principal. That is a daily time frame.
There are a lot of reasons why so many traders rely on a daily time frame:
1️⃣ - Daily time frame shows a global market trend at the same time reflecting a mid-term and short-term perspective letting the trader catch trend following moves and spot early reversal signs.
2️⃣ - Covering multiple perspectives, daily time frame is the foundation of the majority of the trading strategies being the main source of key levels & pattern analysis.
3️⃣ - Daily time filters out news events that happened during the trading day. It shows the composite reaction of the market participants to all the data posted in the economic calendar.
4️⃣ - Daily time frame reflects all trading sessions. Within one single candle, we see the outcome of the Asian, London, and New York Sessions.
5️⃣ - Daily candle filters out all the noise from lower time frames & intraday price fluctuations and sudden spikes & rejections.
6️⃣ - Covering all the trading sessions, daily time frame mirrors the activities of big players like hedge funds and banks. Showing us the flow & direction of big money.
⚠️Being so important for analysis, do not neglect other time frames.
The most accurate trading decision can be made only relying on a combination of intraday and daily time frames.
What is your favorite time frame to trade?
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BTC LOOKING SCARY!Btc looking scary , as it is forming a rising wedge at 1 day time frame if it get breaks than it may dump the price to next key support of 21800$ and if it gets also break than upto 200 ma support which covers the range of approx 19500$-19150$ . Manage your long and spot trades with proper sl because daily ta is still bearish and macros are also not supporting the market yet.
L&T breakout on Day chartLT Chart is is on strong weekly support.
Entry: above 2215
Stop loss: 2300
Target : your R&R ratio
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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