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ICICIGI MONTHLY BREAKOUT📈 Exciting Chart Analysis Alert! 🚀 🔍 Chart Analysis: ICICIGI - Monthly Time Frame 📊 🚀 Potential Rounding Bottom Breakout! 📉 After a prolonged downtrend, ICICI General Insurance seems to be gearing up for a major turnaround! 🔄 The chart is painting a beautiful rounding bottom pattern, indicating a potential reversal. 🔥 Trade Setup: CMP (Current Market Price): 1711 💹 SL (Stop Loss): 1589 🛑 Targets: 2279 🎯, 2879 🚀 🌐 What's a Rounding Bottom? Imagine the market doing a graceful U-turn 🔄 - that's the rounding bottom! It's like the phoenix rising from the ashes, symbolizing a potential shift from bearish to bullish trends. 🚨 Trade Strategy: 📈 Wait for the breakout confirmation. ⚖️ Place your stop-loss strategically at 1589. 🎯 Targets set at 2279 and 2879. 🤔 Why is this exciting? Rare chart pattern alert! Potential reversal play in a long-term downtrend. 🚀 Targets set for an optimistic ride! 📈 Disclaimer: Trading involves risk. Always conduct thorough research and use risk management strategies. Not a SEBI registered analyst. 👉 Your thoughts? Excited about this potential breakout? Share your insights below! Let's discuss and learn together! 🤝💬 #ChartAnalysis #StockMarket #TechnicalAnalysis #ICICIGI #Trading #Investing #FinancialMarkets 📈✨
NSE:ICICIGI
by satyam15
Monthly chart triangle XRP is reaching apex We can see this monthly triangle that xrp has been forming since 2020 is nearing an apex. We can also see that, barring some sort of black swan, XRP is fairly unlikely to stay above 40 cents based on the extremely solid support of the triangles bottom trendline and the fact that the monthly 100 ma is now overlapping that trendline for double reinforced support. The top trendline has the 3 touches needed to be a valid line so it is suggesting a measured move of over $2. Of course being a monthly chart pattern it would likely take may months to reach the full target. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
3
Camex Ltd - Flag Pattern (Weekly)Risky trade but a possibility of big returns between 20 to 100% possible in CAMEX Ltd Technical Analysis: There are multiple resistance but they have been tested multiple times and now a breakout from flag pattern could give higher returns CMP: 30.38 Targets and Stop loss on the graph itself. Monthly chart also looks strong considering it has been in a range for over a decade a breakout would mean a multibagger (Time frame for this could be more than a year) On Daily it looks interesting and seems good support and candlestick pattern Very Bullish on this stock Also fundamentally looks a decent pick But trade according to your risk, Not sebi registered
BSE:CAMEXLTDLong
by VArun1000
$NVDA Extreme Peak PatternYesterday's Top Gainer for the NASDAQ has found support at a precise technical level. This is usually technical professional traders. There could also be a few Dark Pools in the mix. DPO Cycle Chart: The Detrending Price Oscillator I use to show the long-term cycle of a stock shows an Extreme Peak which needs to pattern out with the stock shifting sideways for a while. The Extreme Peak is not necessarily an exhaustion of trend pattern. Between 2007 and 2020, NASDAQ:AAPL had 4 Extreme peaks, corrected and resumed the uptrend between each peak. Troughs were shallow during those years. NASDAQ:NVDA needs to shift into a platform or other sideways trend to pattern out the Extreme Upward Cycle Peak. Otherwise, at some point, the over-speculated price will become a correction on the short-term or intermediate-term trend. This means that NVDA can move higher for a while BUT this is not an ideal long-term entry level until it patterns out that extreme peak.
NASDAQ:NVDA
by MarthaStokesCMT-TechniTrader
COLPAL- Weekly/Monthly Timeframe-Channel BreakoutNSE:COLPAL COLPAL is looking bullish in weekly/monthly time frame. Last month there was a rejection from the top. However, it did not receive follow up for bearish momentum. Instead, stock has took support on last month’s closing levels 1590-1600. This is the good opportunity to go long if monthly/weekly candle closes near 1700-1710. We may see a big upside momentum in upcoming months. SL: 1580-1585. This idea is only for educational purpose, please manage your risk accordingly.
NSE:COLPALLong
by Rushikesh_09
Very interesting group of channels tying tops & bottoms togetherWe can see this perfect group of rising channels that are the same width apart here on the btc log chart connecting our 2019 bottom to our current “alleged” market bottom, as well as connecting our 2018 top and our current top. I had to post an idea of this so I can see how these trendlines and channels continue to play pivotal roles against price action in the near future. Seeing it this way gives me added confidence the bottom is likely in..although with a black swan big enough I suppose price could still collapse to the bottom trendline of the worst channel. For now I believe bottom is more probable to be in than not though. *Not financial advice*
INDEX:BTCUSD
by DrDovetail
Xrp still inside a slightly larger symmetrical log triangleWe had a glorious breakout yesterday and today have seen that candle retrace more than 50 % of its length liquidating all sorts of top buyers no doubt. This happened after price manages a wick above the monthly 50m (in orange) but ultimately was rejected from that zone. It wasn’t just the monthly 50ma that put up the resistance however…there is in fact one last top trendline of a slightly bigger triangle on the xrp log chart shown here in red. Price action got close enough to this line to experience a rejection through the combined resistance of it and the monthly 50ma…the red triangle’s apex isn’t until the end of June…hopefully price will break above it in the current zone though when patterns usually have their breakouts on average (about 5-15% away from the apex). If it takes as long as it did to break up from our pink triangle however it could consolidate inside the triangle here until late June. That would shake a lot of frustrated weak hands no doubt. However I’m still confident we have broken up from the pink triangle and should still reach its full $4.90 target, might just take many months to get us there. The first step will be flipping the top red trendline to solid support and an even more important next step will be flipping the monthly 50ma to solid support. Those are the 2 trendlines to watch. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
An update on the symmetrical triangle on the monthly xrp chartThe current candle on the daily chart looks absolutely massive compared to the other candles before it. You can’t really see it on the monthly chart, however I chose to use the monthly chart for this idea because the triangle it’s breaking up from is best seen on the monthly chart. With such a massive candle on the daily I’m confident we are finally breaking up from this pattern. I had already posted an idea featuring this monthly triangle a few weeks to a month or so ago but wanted to post a new one because I noticed that the measured move price when I charted the triangle on this exchange (BTSE) was slightly lower than what I posted on the previous idea with the monthly triangle. The previous idea I posted, it looked as if the measured move target was over $6. This was charted on the bitstamp exchange. Because the price can jump exponentially with each inch you move the price label when you are on log mode I decided to double check going by the exact top of the dotted line instead of what the price label said. When I did this on the BTSE chart, the top of the line was actually at $4.59 instead of over $6 so I wanted to clarify and update. Part of this price difference could be because this is a different exchange so I will also go back to the bitstamp chart to see what the top of the dotted line is on that one and update this idea as well as my previous one about this triangle. Either way, even though the target may be slightly lower than my initial chart suggested, it still seems to be calling for a new all time high…and I am confident price will eventually head to the over $6 range and much higher in the long term, albeit maybe with some sizable corrections along the way…and this current pump seems like it may be just the start. *not financial advice*
BTSE:XRPUSDLong
by DrDovetail
An update of xrp’s monthly candle on the bitstamp log chart!I just did an update on this monthly log symmetrical triangle using the BTSE chart in my previous idea, but wanted to also go back to the exchange that I first posted the idea on almost a month ago which was bitstamp. Upon going back to that exchange, I discovered there were actually two potential targets to this triangle breakout. If the bottom yellow trendline is the more valid trendline for this triangle, the breakout target is around $4.90. However, if the bottom trendline to this target is the slightly lower and longer pink trendline, then the breakout target is $7.10! Either way, we have only just begun to pump and it appears like a new all time high should be happening in the not so distant future for xrp!! Next big resistance to watch is gonna be the monthly 50ma(in orange) *not financial advice*
BITSTAMP:XRPUSDLong
by DrDovetail