Monthly Chart Breakout - Positional Trade - VEDL📊 Script: VEDL
📊 Sector: Mining & Mineral products
📊 Industry: Mining / Minerals / Metals
Key highlights: 💡⚡
📈 Script is giving Breakout of double bottom neckline on Monthly chart, we may see some good rally.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 414
🟢 Target 🎯🏆 - 504
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
Monthlychart
Bullish confliuence on the btc falling wedge & bear flag targetsWe can see here if price action can break above the top trendline of the chartreuse bearflag by next week and then hold that trendline as solidified support, thereby confirming the bullish breakout, that the measured move of the break out would be identical to the measured move of the bullish breakout of the monthly pink falling wedge pattern. This is very encouraging bullish confluence. The wedge being on the monthly time frame is more powerful than the bearflag which is on the weekly timeframe and the wedge has already confirmed a bullish break greatly increasing the likelihood that the bearflag which is a weekly timeframe pattern will also have a bullish breakout. To add to this the flag of the bear flag is a falling channel and those types of channels tend to break bullish far more often than they break bearishly. Bearflags usually only break up instead of down at the end of a downtrend or beginning of an uptrend as well, so if it does break up it is a very good sign that bullish momentum has control. One last thing that increases the probability of a break upward instead of downward is the measured move target for a break down from the bearflag is an impossible low negative number. All this combined I think we should see it break upward, but for the target to identically match the wedge target it is gonna need to break above the channel of the flag by the next 2 weekly candles. If this can happen then we are pretty much guaranteed the bottom is in. *not financial advice*
ASTRAL MONTHLY BOX BREAKOUT🔍 Chart Analysis: ASTRAL - Monthly Time Frame 📈
🚀 Monthly Range Box Breakout!
📉 After 7 months of trading in a tight range, Astral has finally broken out on the monthly time frame! 📊 This breakout suggests a potential opportunity for an upside move and profitable gains. 📈
🔥 Trade Setup:
CMP (Current Market Price): 2069 💹
SL (Stop Loss): 1890 🛑
Targets: 2355 🎯, 2652 🚀
🌈 What's a Range Box Breakout?
Imagine a coiled spring 🔄 - that's what we've been seeing in Astral's chart for the past 7 months! Now, with this breakout, the potential for an explosive move to the upside is on the horizon.
🚨 Trade Strategy:
📈 Confirm the breakout on the monthly chart.
⚖️ Set your stop-loss strategically at 1890.
🎯 Targets locked at 2355 and 2652.
💡 Why is this noteworthy?
📊 Breakouts from tight ranges often lead to substantial moves.
🚀 Monthly time frame signals a potentially significant trend change.
📉 Opportunity to ride the upward momentum for profitable gains!
📈 Disclaimer: Trading involves risk. Always do your research and utilize risk management. Not a SEBI registered analyst.
👉 Your take? Excited about this breakout potential? Share your insights below! Let's engage and learn together! 🤝💬
#ChartAnalysis #StockMarket #TechnicalAnalysis #Astral #TradingOpportunity #BreakoutAlert 📊✨
USDT.D Analysis: $ Dominance Dips, Opening Doors for Crypto?Hey traders,
Let's dive into Tether Dominance CRYPTOCAP:USDT.D and see what it might mean for the crypto market.
Channel Cracked:
USDT.D used to chill in a monthly channel for a while. But recently, it decided to break free, potentially paving the way for a continued decline in dollar dominance, reaching the next weekly resistance level.
RSI Bouncing Back (Maybe):
The Relative Strength Index (RSI) just stepped out of the oversold zone. This could signal a potential price bounce or a period of consolidation (think of it as the market taking a breather).
Crypto on the Rise?
As long as dollar dominance keeps falling, more money might flow into cryptocurrencies, potentially pushing their prices up.
Bitcoin's Buddies:
If this dollar decline happens alongside Bitcoin price fluctuations and a dip in its own dominance, we could see altcoins surge in an epic way!
The US Dollar Factor:
One big question mark: how will US policies affect the dollar's value and, in turn, crypto prices? Only time will tell.
Time to Take Profits?
If the RSI exits the oversold zone, it might be a good time to consider closing out your long positions (selling your crypto) or taking some profits off the table.
Remember:
This analysis is for educational purposes only, not financial advice. Do your own research and use proper risk management before making any trades.
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 📈✨
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
$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.
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.
US Crude oil heading for $90In the current situation of global energy crisis, Target of $90 for WTI Crude oil seems pretty legit in the coming month and if situation worsen then $110 for sure in coming 6 months
Reasons for bull run:
- energy crisis leading to low supply high demand
- big volume coming in bullish rally than in the downfall in intraday chart
- No positive news to overcome the supply issue
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*