SWING IDEA - CHALET HOTELSChalet Hotels is offering a promising swing trade setup, backed by key technical factors.
Reasons are listed below :
Break of Symmetrical Triangle : The price has broken out of a symmetrical triangle pattern, signaling a potential upward move and a shift in market sentiment.
Bullish Marubozu Candle on Daily Timeframe : A bullish Marubozu candle on the daily chart shows strong buying momentum, which reinforces the breakout and indicates further bullishness.
Trading Above 50 and 200 EMA on Daily Timeframe : The stock is trading above both the 50 and 200 EMAs on the daily timeframe, indicating strong upward momentum and a positive long-term trend.
Volume Spike : The recent surge in volumes supports the breakout, confirming increased market interest and participation in the stock.
Target - 910 // 960
Stoploss - daily close below 760
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Marubozu
INDOAMIN Showing Volume Strength near ALL TIME HIGH Zone NSE:INDOAMIN
Strengths:
Established market position: IAL was promoted by Mr Vijay B Palkar in 1979, as Techno Chemical Industries, and converted to IAL in 1992. Over the years, the promoters have developed strong expertise in the chemical industry. The company now manufactures oleo, specialty and performance chemicals, used across various industries, such as pharmaceuticals, agrochemicals, fertilizers, petrochemicals, pesticides and perfumeries. Benefits from the longstanding presence of the promoters in the chemical industry and their established relationships with customers and suppliers will continue over medium term.
Above average financial risk profile: The financial risk profile is above average with a robust net worth of around Rs. 213.86 crore as on March 31, 2023. This supports the financial flexibility of the group. Supported by a robust net worth the capital structure is moderate with total outside liabilities to adjusted networth (TOLANW) of 1.72 time as on March 31, 2023. This is expected to remain comfortable going forward. Capital structure is expected to improve over medium term on the back of healthy accruals, absence of large debt funded capex and scheduled repayments. Overall financial risk profile is expected to further improve over medium term.
SWING IDEA - ROSSARI BIOTECHConsider a compelling swing trade opportunity in Rossari Biotech , a leading specialty chemicals manufacturer in India, renowned for its innovative and sustainable solutions across various industries.
Reasons are listed below :
Price at Support Zone : Rossari Biotech is trading at its support zone, where it was initially listed, indicating potential buying interest and stability at these levels.
Doji Candle Formation : A doji candlestick pattern has formed, confirming the bullish momentum indicated by the preceding marubozu candle. This suggests that the price is holding onto higher levels and may continue to move upward.
0.618 Fibonacci Support : Finding support at the 0.618 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
Initiation of Double Bottom Pattern : The beginning of the formation of a double bottom pattern suggests a potential trend reversal and bullish continuation, indicating a shift in market sentiment.
Increase in Volumes : An increase in trading volumes reflects growing market interest and potential accumulation by investors, adding confirmation to the bullish thesis for Rossari Biotech.
Target - 809 // 890
StopLoss - weekly close below 655
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
DIXON FOR LONG TERM INVESTMENT IDEAFalling Trend Line Breakout
Stock shows the Bullish moment on (WEEKLY)
Double bottom chart pattern on the (WEEK) that indicates a Bullish moment will continue till the 5000 level if the stock sustains above 4500 it can go further more.
Technicals
—RSI 74 (WEEKLY)
—ABOVE 20 MONTH EMA
—VOLUME ABOVE 20 MA
educational purpose only!✨
Do your research before making any investment🥂
SWING IDEA - AAVAS FINANCIERSConsider a compelling swing trade opportunity in Aavas Financiers , a leading housing finance company in India.
Reasons are listed below :
Bullish Marubozu Candle on Weekly Timeframe : Aavas Financiers shows a strong bullish candlestick pattern, indicating robust buying pressure and potential upward momentum.
Engulfing 22 Weekly Candles : The stock's bullish momentum is evident by engulfing 22 previous weekly candles, signaling a significant shift in market sentiment.
Breakout from 5-Month Consolidation : Aavas Financiers breaks out from a 5-month consolidation phase, suggesting a breakout from range-bound trading and potential sustained upward movement.
Formation of Double Bottom Pattern : The absence of new lower lows and the formation of a double bottom pattern suggest a trend reversal and bullish sentiment.
Sudden Surge in Volumes : A notable surge in trading volumes indicates increased market interest and potential accumulation by investors, supporting the bullish outlook.
Target - 1815 // 2400
Stoploss - weekly close below 1300
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - ONGCOil and Natural Gas Corporation (ONGC), India's largest oil and gas exploration and production company, is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
285 Resistance Level: The 285 level has been a significant resistance zone and has been tested multiple times. The price is now attempting to break through this level, indicating strong bullish momentum.
Bullish Marubozu Candle on Daily Timeframe : The recent formation of a bullish marubozu candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement.
Breaking 5+ Months Consolidation with Volumes : The stock is breaking out of a consolidation phase that lasted over 5 months, supported by increased trading volumes, signaling a potential new bullish trend.
Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels.
Target - 335
Stoploss - Daily close below 260
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - LICLife Insurance Corporation of India (LIC) , a leading insurance company, is exhibiting technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
1080 Zone Tested Multiple Times : The 1080 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum.
Bullish Marubozu Candle on Daily Timeframe : The recent formation of a bullish marubozu candle on the daily chart suggests strong buying pressure and potential for further upward movement.
Bullish Engulfing on Weekly Timeframe : The presence of a bullish engulfing candle on the weekly chart indicates a potential reversal in trend and strong buying interest.
Trading Above 50 and 200 EMA on Daily Timeframe : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels.
Constant Higher Highs : The stock has been consistently making higher highs, indicating a strong uptrend and sustained bullish sentiment.
Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend.
Target - 1170 // 1250
Stoploss - daily close below 990
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - CARBORUNDUM UNIVERSALCarborundum Universal , a renowned conglomerate in the industrial sector, presents a compelling swing trade opportunity.
Reasons are listed below :
A bullish Marubozu candle on the weekly timeframe signals strong buying pressure and potential upward momentum.
The stock is breaking out of a consolidation phase lasting over a year, indicating a significant shift in market sentiment and potential for sustained movement.
Finding support at the 0.382 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
The 50-period Exponential Moving Average (EMA) on the weekly chart acts as additional support, reinforcing the bullish bias.
The stock is attempting to breach its all-time high, signaling strong upward momentum and potential for further gains.
Notable increase in trading volumes reflects heightened market interest and potential accumulation by investors, adding confirmation to the bullish thesis.
Target - 1405 // 1475 // 1650
Stoploss - weekly close below 1085
Disclaimer :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - HINDUSTAN PETROLThis presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Hindustan Petroleum Corporation Limited ,a leading energy company in India engaged in the refining and marketing of petroleum products.
Reasons are listed below :
Strong Support at 450 Level : HPCL has established a robust support level at 450, indicating strong buying interest and potential reversal points.
Double Bottom Pattern : The formation of a double bottom pattern suggests a potential trend reversal and bullish continuation, indicating a shift in market sentiment.
Bullish Marubozu Candle : A bullish Marubozu candlestick pattern indicates strong buying momentum and potential upward movement in HPCL's stock price.
0.382 Fibonacci Support : Finding support at the 0.382 Fibonacci level strengthens the bullish case, providing a solid foundation for potential upward movement.
Engulfed 11 Daily Candles : The bullish engulfing pattern, engulfing 11 previous daily candles, reinforces the bullish sentiment and indicates potential for a significant uptrend.
Higher Highs : Consistent formation of higher highs reflects increasing bullish momentum and reinforces the potential for further gains in HPCL.
Target - 530 // 595
Stoploss - weekly close below 449
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - BSE LTDBSE, one of the leading stock exchanges in India, is showing technical indicators that suggest a potential swing trading opportunity.
Reasons are listed below :
Strong Support Zone at 2600 : The 2600 level has proven to be a robust support zone, indicating significant buying interest and a strong base for a potential price rebound.
Bullish Marubozu Candle : The recent formation of a bullish marubozu candle, characterized by little to no shadows, indicates strong buying pressure and a potential for continued upward movement.
50 EMA Support : The stock is finding support at the 50-day exponential moving average, which reinforces the overall bullish sentiment and provides a reliable support level.
0.5 Fibonacci Support : The price has found support at the 0.5 Fibonacci retracement level, indicating that this key level is acting as a strong base for a potential bounce back.
Target - 3070 // 3250
Stoploss - Daily close below 2570
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
BRITANNIA FOR LONG TERM INVESTMENT IDEAAs we can see stock is on ATH and trades above all EMA on day week month TF and retrace with gravestone doji on day TF. looks strong on week & month.
it can go in a further upward direction.
TECHNICALS
—RSI ABOVE 60 ON ALL TF
—CUP & HANDLE BREAKOUT 5 JUNE WITH GOOD VOLUME
—OPEN MARUBOZU
—BULLISH CROSS OVER
ENTRY IS MENTIONED ON THE CHART
educational purpose only!✨
Do your research before making any investment🥂
GBPUSDHi
GBPUSD has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
AMZN: Post Earnings analysis! What's next for AMZN?• The crash was intense on AMZN, could it bounce from here? Let’s see;
• First, the trend is bearish, as AMZN is doing lower highs/lows in the 1h and daily charts;
• There’s not a single bullish structure indicating it’ll bounce in the near future, however, AMZN just hit an important support level;
• As seen in the daily chart, the $101 area was a previous support level from June, and although AMZN dropped below this point, it went up nearly 6% from its bottom to close above this support – doing a White Marubozu in the process;
• This could suggest that AMZN is oversold, but we must see more bullish signs in order to believe in a bounce, like a pivot point in the 1h chart, or any other meaningful pattern;
• To me, it is a little too early, but AMZN could be a promising stock in the near future;
• If it loses the $101 again, AMZN will reject any thesis that considers a possible bounce to the 21 ema, so keep an eye on this support.
Remember to follow me to keep in touch with my analyses!
hdfclife on reactangle support 1st target 560
final target 586
stop loss 510
>hdfclife formed a power candle with surge in volume exactly on an important support level.
>also there is a formation of type of a morning star.
>hdfclife is in a rectangle pattern which makes it a simple trading stock.
>also it is a part of nifty 50
>nifty 50 formed a bearish candle whereas hdfclife formed a bull power candle (marubozu candle), this is a sign that in a bear market, bulls are their in hdfclife stock.
XO | Trend Breakout | Marubozu White Candlestick | Target Est.XO | Thailand SET Index | Food Sector | Target for uptrend Elliot Wave & Fibonacci Extension estimated
ENTRY Position
Price Action Trading: Trend Breakout with Marubozu White candlestick
Chart Pattern: Descending Triangle breakout
Indicator:
> MFI Money flow in
> RSI bullish signal
> MACD golden cross above zero line
Risk ratio 1:3 minimum
Stoploss 3-5% below entry
Always respect your stop-loss
Good Luck
$PERI a fundamental trade with technical entryAd-tech business - a hot industry, with names like $TTD and $APPS. My DCF analysis says a conservative 50% upside. Yesterday we made a doji at weekly 2B support. Today prints a strong opening marubozu.
TD D-Wave analysis says we completed wave 4 and on course to wave 5.
Chart Buster: Buy Caplin Point LabThe stock Caplin point laboratories has given a massive breakout with Marubozu candle. The stock has now entered an new trading zone and should achieve the target of 1000 which is roughly 25% from current levels of around 795.
Buy the stock at current levels, buy on dips as well. You may keep stop loss of 700 on weekly closing basis.
Keep a view of atleast 6-7 months and buy.
***ideas are my own*** Take risk as per your risk taking apetite***
Bull or bear beat holding +249.2% over a year, in profit in MayAs traders we look to capitalise on all sort of markets, not just parabolic runs. Today we are exploring how to run a long strategy even when the bulls are not in control.
WILL POST LAST 50 POSITIONS BELOW
We are looking for an strategy that:
1. has been beating buy and hold all year
2. Has a drawdown of max 15% in may 2021
3. Is simple to execute and automate
Not all candlestick patterns are created equal, and they do not work on all markets. However they do work in crypto, at least based on experience as they are not tough to identify and speculators tend to react to them.
This is why we focused on candles that are not that difficult to identify and are very clear in meaning.
The strategy (FULL INSTRUCTIONS):
On the 30 min timeframe:
We are going to open a position when the candle is a bullish Engulfing
We are going to close the position when the candle is bearish Marubozu
No stop loss or take profit, these are the only rules we follow, but we follow them a 100% of the time.
The results:
The strategy brought in 249.17%, beating holding. If you started trading this a year ago with 1 Bitcoin, you would be 2.4917 BTC in profit at the moment. What's even better the max drawdown throughout the year was 22.7% and it was actually in February.
During May we were only 11% down at a certain point.
This provides a Sortino Ratio of 5.44 which is a stellar mark for these volatile markets.
The positions:
31/05/2021 04:30
31/05/2021 14:00
10 hours
OP 0.06681
CP 0.068884
+3.1%
29/05/2021 21:30
30/05/2021 19:30
22 hours
OP 0.065407
CP 0.067746
+3.58%
29/05/2021 00:30
29/05/2021 18:00
18 hours
OP 0.068427
CP 0.066952
-2.16%
28/05/2021 07:30
28/05/2021 14:30
7 hours
OP 0.069574
CP 0.069572
-0.00287%
25/05/2021 18:00
27/05/2021 19:30
2 days
OP 0.068144
CP 0.071024
+4.23%
24/05/2021 00:30
25/05/2021 03:30
1 day
OP 0.061435
CP 0.067043
+9.13%
22/05/2021 22:30
23/05/2021 12:30
14 hours
OP 0.062197
CP 0.0581
-6.59%
22/05/2021 11:00
22/05/2021 17:30
7 hours
OP 0.064251
CP 0.06059
-5.7%
19/05/2021 22:00
20/05/2021 21:00
23 hours
OP 0.066705
CP 0.068997
+3.44%
17/05/2021 23:00
19/05/2021 07:00
1 day
OP 0.075193
CP 0.074787
-0.54%
17/05/2021 06:30
17/05/2021 09:30
3 hours
OP 0.076593
CP 0.077412
+1.07%
14/05/2021 13:00
15/05/2021 14:30
1 day
OP 0.079504
CP 0.078525
-1.23%
13/05/2021 16:30
13/05/2021 23:30
7 hours
OP 0.076788
CP 0.074242
-3.32%
12/05/2021 10:30
13/05/2021 15:30
1 day
OP 0.075732
CP 0.075619
-0.149%
11/05/2021 06:30
12/05/2021 10:00
1 day
OP 0.071125
CP 0.075353
+5.94%
09/05/2021 16:00
10/05/2021 11:00
19 hours
OP 0.06759
CP 0.069748
+3.19%
07/05/2021 13:30
09/05/2021 00:30
1 day
OP 0.061147
CP 0.065733
+7.5%
05/05/2021 01:30
06/05/2021 23:30
2 days
OP 0.061121
CP 0.061832
+1.16%
03/05/2021 00:30
04/05/2021 22:00
2 days
OP 0.05225
CP 0.061328
+17.4%
01/05/2021 22:30
02/05/2021 05:30
7 hours
OP 0.051064
CP 0.051111
+0.092%
30/04/2021 19:00
01/05/2021 15:00
20 hours
OP 0.048829
CP 0.049703
+1.79%
30/04/2021 09:30
30/04/2021 16:00
7 hours
OP 0.051113
CP 0.047849
-6.39%
29/04/2021 08:30
30/04/2021 02:30
18 hours
OP 0.050351
CP 0.051114
+1.52%
28/04/2021 10:00
29/04/2021 00:30
15 hours
OP 0.04799
CP 0.049829
+3.83%
27/04/2021 00:00
27/04/2021 19:30
20 hours
OP 0.046896
CP 0.047795
+1.92%
26/04/2021 10:00
26/04/2021 13:00
3 hours
OP 0.046466
CP 0.046378
-0.189%
24/04/2021 21:00
25/04/2021 13:30
17 hours
OP 0.045035
CP 0.046231
+2.66%
22/04/2021 20:00
24/04/2021 17:00
2 days
OP 0.04791
CP 0.044796
-6.5%
19/04/2021 12:00
22/04/2021 18:00
3 days
OP 0.039343
CP 0.04728
+20.2%
16/04/2021 10:30
17/04/2021 19:00
1 day
OP 0.03943
CP 0.039117
-0.794%
15/04/2021 18:00
16/04/2021 05:00
11 hours
OP 0.039286
CP 0.039291
+0.0127%
13/04/2021 17:30
15/04/2021 17:00
2 days
OP 0.0363
CP 0.039141
+7.83%
13/04/2021 14:30
13/04/2021 17:00
3 hours
OP 0.03575
CP 0.035968
+0.61%
12/04/2021 11:00
12/04/2021 12:30
2 hours
OP 0.035761
CP 0.035598
-0.456%
11/04/2021 03:30
12/04/2021 09:30
1 day
OP 0.035639
CP 0.035866
+0.637%
10/04/2021 21:00
10/04/2021 23:30
3 hours
OP 0.035761
CP 0.035688
-0.204%
08/04/2021 22:30
09/04/2021 13:30
15 hours
OP 0.035729
CP 0.035448
-0.786%
08/04/2021 02:00
08/04/2021 18:30
17 hours
OP 0.035231
CP 0.035636
NA
+1.15%
05/04/2021 05:30
06/04/2021 19:30
2 days
OP 0.035409
CP 0.036274
+2.44%
02/04/2021 13:00
04/04/2021 03:00
2 days
OP 0.033704
CP 0.035098
+4.14%
01/04/2021 13:30
02/04/2021 04:00
15 hours
OP 0.032793
CP 0.033349
+1.7%
30/03/2021 06:30
31/03/2021 22:00
2 days
OP 0.03138
CP 0.032743
+4.34%
27/03/2021 09:00
30/03/2021 02:30
3 days
OP 0.030822
CP 0.031326
+1.64%
26/03/2021 02:00
27/03/2021 04:00
1 day
OP 0.03114
CP 0.030919
-0.71%
25/03/2021 16:00
25/03/2021 20:00
4 hours
OP 0.031273
CP 0.030754
-1.66%
23/03/2021 17:30
23/03/2021 20:30
3 hours
OP 0.030826
CP 0.03091
+0.272%
20/03/2021 15:30
23/03/2021 00:30
2 days
OP 0.031261
CP 0.030839
-1.35%
20/03/2021 00:00
20/03/2021 05:30
6 hours
OP 0.031174
CP 0.031295
+0.388%
18/03/2021 18:00
19/03/2021 03:30
10 hours
OP 0.030665
CP 0.03087
+0.669%
17/03/2021 07:30
17/03/2021 18:00
11 hours
OP 0.031816
CP 0.032216
+1.26%
Can Fin Home is ready for Bull runHi All,
Can fin homes looks bullish on the charts.
There is a big bullish candle called marubozu candle which is signaling strength in the stock. Buy the stock at current levels and hold for big long term gains. The levels have been suggested in the charts. Keep stop loss on weekly closing basis.
**Ideas are my own** Invest as per your risk taking appetite**
[LONG] The Power of the Bullish Engulfing Candle on the DailyAs you can see, daily candles are a solid indicator of price movements and market sentiment. In each of these instances, bears were able to push the price down to form either a double bottom or golden-zone retrace on the fibs. From here, buyers stepped into the market and made a statement of intent with massive buying pressure – as indicated in these daily bullish engulfing candles.
These candles can be used to signify a change in the trend direction and signal to other traders that there is strength in the market.
The most recent daily bullish engulfing candle on 26th March painted a bullish marubozu, meaning price closed on that candle at the highest point of the day. This is an even stronger signal to traders that bulls have reclaimed control of the trend in the short-mid term.
This, coupled with the daily hidden bullish divergence on BTC/USD, has me thinking we will see a $70K Bitcoin in the not-so-distant future.
DYOR – not financial advice.
MULTI-TIMEFRAME ANALYSIS - XAUUSDXAUUSD, Gold, recently tested its support zone on the 1D timeframe. It seems to have been rejected by rejected though.
1D Analysis
The Friday candle closed as a bullish candle after testing the support zone with the previous days candle. The pair can be seen inside a descending parallel channel, bullish flag. Within that bullish flag the pair was also within a smaller bearish flag that it recently broke out of which initiated the sell after its re-test. The pair might be heading to re-test the resistance of the bullish flag if it doesn't gain enough selling pressure to re-test the support zone and eventually break it.
4H Analysis
The pair closed its last 4H candle as a bearish open marubozu which indicates lack of selling pressure towards the close of the candle. The two 4H candles preceding the bearish open marubozu had re-tested the support turned resistance zone before getting rejected. We can expect the pair to head towards the support turned resistance zone once again if it doesn't gain enough selling pressure to continue the downwards move. If it however does gain enough pressure then we can expect the pair to head towards its support zone by breaking the trend line support.
1H Analysis
The pair can be seen within an ascending triangle which it attempted to break to the upside but got rejected by the 4H support turned resistance zone. After dropping back inside the ascending triangle the pair dropped into an ascending parallel channel, and seems to have tried to retest its resistance but was not successful. If the pair manages to break the channel to the upside it might result in it breaking the resistance of the ascending triangle, if not we might see the pair head to test the support of the channel which also turns out to be the support of the ascending triangle. A break below the channel might result in the pair heading towards the 4H support zone.
Conclusion
Monitor the pair on the 1H timeframe to see exactly what the pair does and how it coincides with the 4H and 1D in order to make an accurate trading decision.
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