NOCIL for solid returnsNocil looks great on all the time frames, though it is trading near its all-time high, the price structure looks quite positive on higher to lower timeframes.
Now if the stock sustains 200 levels on the daily timeframe, it could move fast towards its all-time high i.e 236 levels.
For swing traders SL can be kept below, 200 levels.
For Positional trading, Sl is a little far, but it worth it, because of current and previous price action, suggesting that it could go beyond its all-time high if it sustains 180 levels on its weekly timeframe.
The post is for educational purposes, if you are trading this, you are trading at your own risk.
This is my view/analysis on NOCIL, do let me know, what's your view on the stock.
Higherhigh
Bullish and Bearish Trend | ForexbeeBullish Trend
Bullish trend refers to consecutive higher highs
and higher lows in the price of a currency pair in forex during a specific timeframe. it shows that there is strong buying pressure.
Bearish Trend
The formation of consecutive lower lows and lower highs in the price of a currency during a specific timeframe is called a bearish trend. It indicates strong selling pressure.
Gold Spot BullishHello traders this is my analysis on gold spot my one of my favorites CFDs Using Heikin Ashi 4H candlestick charts showing higher highs and higher lows price action on this parallel channel still growing strong and still showing bullish signs.
However, I see that we are heading towards psychological resistance price level 1958$ which is a very strong resistance zone denoted in red rectangle which price has tested twice around November 2020 and early January 2020 partly of the decline of corrective wave B.
Price action set up now to break this resistance point with strong buying volume and bullish sentiment from traders and analysis.
I'm 85% confident gold is set up for a bullish market. Get your orders in; place your long positions from anywhere between EP@1890-$1910 ;TP@ 1950
Meanwhile if you enjoyed my content/ ideas, please leave a like and comment and don't forget to follow my trading view account thank you so much.
DELTA CORP LTD Long term trendline BreakThe stock has broken its 3 years downtrend trendline in Dec 2020 and has been able to sustain above it and consolidating in the range of 200- 150.
Currently, prices are trading at and taking support at the lower range.
And it is likely that it might bounce and move towards the upper side of the range at the minimum.
One more positive thing to notice here is the higher high and higher lows structure of this recent rally that started in March 2020.
This could be traded with a stop below 140 levels for an initial target of 200 and if the stock reaches its initial target, it could be trailed for higher targets.
Type of Trade: Positional
EMAMI LTD. - Looking BullishAs per my analysis, EMAMI LTD. is trading in a higher high - higher low formation on a weekly timeframe which confirms bullishness in the stock.
It is currently trading near the support trendline which can be a low-risk entry.
It has the potential of reaching the target of 550+ within the next 1-2 months with a stop below 460 levels.
Gets Exhausted After Aggressive RallyEURUSD once again has failed to make a higher-high on the daily time frame.
It closed the week on Friday with a large bearish candle failing to break through the resistance at 1.21500. EU rallied aggressively after it dropped into support at 1.17000 on the 31st of March.
Expectation From EURUSD
EU is showing a willingness to drop as it bounced off the bearish trend line lower.
The 9MA (Moving Average) which was lying below the candles’ bodies since the 5th of April smashed right between Friday’s bearish candle. The Moving average is showing strength to dominate subsequent candles as price falls lower.
The RSI (Relative Strength Index) is at point 53 at the time of writing. The RSI made a reversal on the 29th of April when the pin bar was formed projecting lower prices.
EURUSD key zones :
Supply zones: 1.23500, 1.21500
Demand zones: 1.20000, 1.17000
$BTC Needs ATH for Weekly Bull Momentum to Continue $BTC bulls will look to keep the higher highs and higher lows pattern coming into this week.
We'll need an ATH to keep the bull momentum in the long term.
Feels like heavy price suppression as close to 60k as the bulls can get. 58k support has moved up to 59k-60k recently which bodes well for another leg up.
Let's see if we can get enough volume to confidently break the current ATH.
J.Crypto
XRPUSD finally breaks above top resistance could pump to 1.80xrp has finally broken above the top resistance at 78 cents of the yellow horizontal inv h&s neckline..if it confirms the breakout above this line the target for it is around 1.40 the triangle it broke out of before that in purple could take it all the way to 1.80. *not financial advice*
LONG POSITION EUR/USDHigher timeframe signalling uptrend pattern. HH and HL formed, however price failed to break previous HH and formed LH instead signifying a change in direction of market. Expecting price to hit around 1.204 and to form another LH and then continue to push downwards after. 1:5 RR
ALPHAUSDT 4H Long setup; Pullback entry after broken resistanceTA Explained
ALPHA made a big impulsive move after which it retraced, found support but eventually dropped below it to find support lower. The decending trendline is broken and a higher high is created. Next up a higher low. After which it can continue upwards.
Trade setup
Best entries: 1.43653 - 1.66489
TP1: 2.17054
TP2: 2.79580
TP3: 3.45912
SL: 1.16355
RR: 4.85
Max leverage: 1x
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
TSLA: Will it reverse? Key Points to keep in mind!Hello traders and investors! Let’s talk about Tesla today!
In the 1h chart, Tesla is trading above the 21 ema, which is a good sign, and seems it found a bottom there, as it can’t close under it. We have a bear trend in this chart, with clear lower highs/ lower lows, but tesla is showing some early signs of reversal.
First, it filled the last gap quickly, making it an Exhaustion Gap (just like NIO did, and you may check my last analysis on NIO in the link below, I explain better how Exhaustion Gaps are formed there). But Tesla doesn’t have higher highs yet , but it has higher lows. That’s a start, but the situation will change if Tesla defeats the $ 718 (black line), which is a Pivot Point .
Now let’s see the daily chart:
I only wish Tradingview’s chart was right, as Tesla didn’t hit the $ 872 yesterday. Anyway, Tesla hit a support level around the $ 618 and it is bouncing back up. The $ 745 is a resistance for Tesla as well, but I find the volume very good now. Since Tesla crashed last week, the volume increased, and this is a good sign.
The problem will be the 21 ema, as it’ll also work as a resistance. But if Tesla defeats these points, nothing will hold it until the $ 821. It could go even higher, but let’s proceed carefully.
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