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Trading Strategy for REC Ltd. (NSE: RECLTD) Analysis: 1. Trend: The stock is currently in a downward channel as indicated by the parallel lines. This suggests a bearish trend in the short term. 2. Support Levels: - Strong support is present around the 600 mark, which coincides with the current price level. - Another key support level is at 575. 3. Resistance Levels: - Immediate resistance is around 610. - The next major resistance level is around 625-640. Volume: - The volume has been significant, especially during the drop, indicating strong selling pressure. Strategy: 1. Entry Point: - Consider entering a long position if the stock shows signs of reversal or consolidation around the 600 support level. - Alternatively, if the stock breaks below 598 with significant volume, it might be wise to wait for it to approach the next support at 575. 2. Stop Loss: - Set a tight stop loss around 595 to limit potential losses. 3. Targets: - First target would be around 610 (immediate resistance). - If the stock breaks above 610 with volume, the next target is 625-640. Conclusion: - The stock is in a downtrend but is approaching a critical support level at 600. Monitoring the price action around this level is crucial. - Entering a long position with a stop loss at 595 and targeting 610 initially is a prudent strategy. - If the support at 600 fails, look for opportunities closer to 575. Note: Always consider the overall market conditions and use proper risk management techniques when trading.
NSE:RECLTD
by DkRayakTV
BNB/USDT 1D Long TimeBNB is fighting to break out of the falling channel on top, it is currently struggling with the upper limit of a specific channel, as you can see, breaking out of the downtrend line with the top gave a strong upward signal. Resistance lines are visible just above the upper border of the downtrend channel, while the next significant resistance levels are $666 and $724. However, if the price is rejected and we experience declines again, we can see the first support zone from $564 to $544, then we have support at $509, and then the second very strong zone from $486 to $454.
by cryptodailyuk
BTC/USDt 1DInterval ChartHello everyone, let's take a look at the BTC to USDT chart on a one-day time frame. As you can see, the price is moving above the local downtrend line. It is worth mentioning the downward trend channel in which we have been operating for a long time. You can currently see a slowdown in the growth in the first resistance zone, where the price is fighting to go higher, but even if this happens, there is a very strong zone from $68,112 to $72,072 which keeps the price from further increases to around $83,500. In a situation when the zone recedes the current increases, we may see a reaction again, and the first support is visible at the level of $62,174, then the second one around $58,921, and then we have a strong support zone from $56,588 to $53,477.
by cryptodailyuk
4
Bitcoin - Next Resistance is Previous ATHAfter price has consolidated around the 200 EMA range price has bounced back from the 200 EMA. Also price has broken local resistance around 65K which was crucial to for the bullish trend to continue. Currently price is around 67K and heading towards the resistance which is around the previous ATH 73K (overall resistance zone is around 70-73K range) I'm expecting price to easily breach the 75K barriers and we have decent trade opportunity here. We can enter a long trade at the current price with local support of 65K as the SL Entry Price: 67K Stoploss: 64K Target 1: 68K Target 2: 69K Target 3: 70K Target 4: 72K Don't forget to keep stoploss. Cheers! GreenCrypto
Long
by GreenCryptoTrades
3
TOTAL2 (Altcoin M.cap): Bull Flag in Play?Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! WHAT IS TOTAL2? TOTAL2 refers to the total market capitalization of all cryptocurrencies excluding Bitcoin. It's a metric used to gauge the overall performance of the altcoin market, essentially everything other than Bitcoin. TOTAL2, which tracks the total market capitalization of altcoins, is currently trading within a pattern resembling a bull flag. This pattern can be a bullish continuation signal, but confirmation is needed. Here's what we're watching: Bull Flag Breakout: A clean break and close above the upper trendline of the flag would be a bullish signal, potentially leading to a rise in the altcoin market capitalization. TOTAL2 is currently finding support around the middle line of the flag. So accumulate as many Altcoins as you can till then it is trading inside the flag. Sooner or later we will see a great Altcoin season. What are your thoughts on TOTAL2's current price action? Do you see a potential bullish flag? Share your analysis in the comments below!
CRYPTOCAP:TOTAL2Long
by CoreCrypto1
#BTC: QUICK UPDATE!!Hey everyone! If you enjoy this analysis, a thumbs up and follow would be greatly appreciated! BTC is forming a bull flag-like pattern in 1hr time frame and it is holding an important trendline support so far. Currently, it is retesting the flag. If it maintains this retest level and bounces we can expect another upside movement up to the $68k level. Target:- $68k Invalidation:- 1hr close below the trendline. What are your thoughts on BTC's current price action? Share your analysis in the comments below!
Long
by CoreCrypto1
MATIC: GENRATIONAL BOTTOM IS IN!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Welcome to this MATIC/USDT UPDATE MATIC looks amazing in the weekly time frame. Last time when MATIC accumulated in a 610-day channel it led to 20,000 Returns. Now, it is forming a symmetrical triangle kind of structure and accumulated in the triangle for more than 1200 days. Right now, it is sitting at the lower trendline of the triangle and also holding good support here. Buy some now and add more in the dip. Must Hit Targets:- $2.84/$4.72/$7.16/$9.88 Overall it's a double-digit potential, so leave some % for a moon bag🚀 What are your thoughts on MATIC's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
MLong
by CoreCrypto1
1
NFP/USDT: READY FOR AN ATH! 6X FROM HERE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! NFP looks good here. Forming a falling wedge-like structure in the daily time frame confirms its deviation below the trendline and gets back inside the wedge which is a bullish scenario. Buy some now and add more in the dip. Entry range:- $0.28-$0.31 Targets:- $0.43/$0.58/$0.76/$1.12/$1.44/$1.84 SL:- $0.20 What are your thoughts on NFP's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
DXY at Critical Support! Massive Move Ahead! Technical Analysis Overview of DXY (U.S. Dollar Index) on 4-Hour Time Frame: Crucial Structure Point: The DXY is currently at a significant structural level, which could determine its next major move. Key Levels: Weekly LQZ: 108.007 Daily LQZ: 106.524 Daily LQZ: 101.908 Missed LQZ: 100.552 Current Price Action: The price is hovering around 104.283, a critical support zone. The market's reaction at this level will likely dictate the next direction. Potential Scenarios: Yellow Path (Primary Bias): Indicates a potential bearish scenario where the price might break below the current support level and head towards the Daily LQZ at 101.908 or even the Missed LQZ at 100.552. This path suggests a significant downward movement. Green Path: Represents a bullish scenario where the price could bounce off the current support and rise towards the Daily LQZ at 106.524 or even the Weekly LQZ at 108.007. This path suggests a recovery and continuation of the upward trend. Orange Path: Another bearish possibility where the price might initially fake out upwards but eventually break downwards, aligning with the yellow path. Market Sentiment: The annotations indicate that while the yellow path is favored, it is essential to remain adaptable as "anything can happen" in the market. This emphasizes the importance of not reacting impulsively but rather anticipating and preparing for different scenarios. Summary: Current Trend: The DXY is at a critical juncture, and its next move could be pivotal. Bearish Bias: The yellow path suggests a potential for further downside, targeting lower key levels. Bullish Recovery: The green path offers a possible recovery scenario, aiming for higher resistance levels. Strategy: Traders should monitor the price action closely around the current support level at 104.283. Look for confirmation before entering trades, and be prepared for both bullish and bearish outcomes.
TVC:DXY
by Adlercon333
FIL/USDT READY FOR AN ATH!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! FIL looks good here. Forming a bull flag-like structure in the daily time frame and confirming, it's deviation. Also, fundamentally it is a solid coin. Buy some here and add more in red days. Entry range:- $4.0-$4.6 Targets:- $5.2/$6.4/$8.1/$9.8 Invalidation: Daily close below $4 What are your thoughts on FIL's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
LINK/USDT 1D Hello, I invite everyone to review LINK in pairs to USDT, taking into account the interval of one day. As we can see, the price has moved upwards from the downward trend line. After unfolding the trend based fib extension grid, we can determine a strong resistance at the level of $14.87, only an upward move can give room for an upward movement towards $15.98, and then we can see resistance at the level of $17.41. Looking at the second stone, we will similarly determine the support places. However, here there is a strong support zone from $12.54 to $11.30, only a break from this zone may result in a drop to around $9.55. It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
by cryptodailyuk
6
BTC: NEXT POSSIBLE MOVE FROM HERE!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! BTC is currently trading around $63k level. When BTC is trading around the $57k level, I told you that it would hit the $62k-$63k level soon(see chart below) and it going exactly. Hope you guys followed and earned some money. Now, what's the possible move of BTC from here? As you see in the chart, we have a strong resistance at the $63k-$64.5k level and there is a high chance of rejection from this zone. BTC is forming a descending channel-like structure and break out is done. After rejecting the resistance, it might go for a retest of this channel where we strongly support GETTEX:59K -$60k level lies. So overall I'm bullish only expecting a healthy correction from here that's why I'm trading cautiously until we hit the GETTEX:59K -$60k level and bounce from there. Let's see how things will play out in the next few hours. Will keep updating you. What are your thoughts on BTC's current price action? Share your analysis in the comments below!
Long
by CoreCrypto1
BTC/USDT 4h Interval ChartHello, I invite everyone to a quick review of BTC to USDT pair, taking into account the four-hour interval. as we can see, the price has moved upwards from the downward trend line. After unfolding the fib retracement grid, we can determine a strong resistance zone from $62,799 to $64,952, only the upward exit from this zone can give room for an upward movement towards $68,000. Looking at the second stone, we will determine the support places in a similar way. And here you can see support at the level of $61,000, then the second support level is visible at the price of $59,594, and the next support is at the price of $57,355. It is worth looking at the RSI indicator here, which shows a strong movement beyond the upper limit, which translates into a loss of growth power and may change the direction of the price.
by cryptodailyuk
1
Master Gold Trading in High-Volatility Zones! Unlock Risk Manag.In this video, I delve into the crucial aspects of Risk Management and share my insights on interpreting the market when it is in critical zones, just like the one displayed on our current XAUUSD chart. Here's what you can expect: Risk Management Techniques Learn the strategies I employ to manage risk effectively, ensuring that my trades are protected against sudden market moves. I will cover: Setting appropriate stop-loss levels below key support zones like the 15M LQZ. Calculating position sizes based on account equity to maintain a disciplined approach. The importance of risk-reward ratios in ensuring long-term profitability. Market Perception in Key Zones I explain my approach to analyzing the market when it is within significant liquidity zones (LQZ), as seen in the chart. This includes: Understanding price behavior around Daily LQZ (2,450.370), 4hr LQZ (2,447.909), 1hr TP/LQZ (2,419.054), and 15M LQZ (2,399.472). How these zones influence my trading decisions and help identify potential entry and exit points. Time Frame for Trade Execution Discover the time frames I focus on when executing trades in these volatile zones. I discuss: Benefits and drawbacks of different time frames. Why certain time frames, such as 15-minute, 1-hour, and 4-hour charts, are more suitable for analyzing price action and making informed trade decisions in the current market context. Trading Sessions Participation Gain insights into which trading sessions I actively participate in and why. Understanding the dynamics of different sessions (Asian, London, and New York) can significantly impact your trading strategy and execution. I will share: My preferences and how each session's characteristics influence market volatility and trading opportunities. The best times to trade gold (XAUUSD) based on historical volatility patterns. Chart Analysis Overview We analyze the current XAUUSD chart showing an ascending channel, highlighting key support and resistance levels. Key technical points include: Support Levels: Near the bottom of the ascending channel and around 2,399.472 (15M LQZ). Resistance Levels: Near the top of the ascending channel and around 2,450.370 (Daily LQZ). Price Action: Higher highs and higher lows within the ascending channel, indicating a bullish trend. A noticeable spike breaking through the channel suggests strong buying interest at lower levels. Potential Trade Setup Long Position: Consider entering near the lower boundary of the ascending channel or the 15M LQZ support level, targeting the 1hr TP/LQZ or the Daily LQZ. Stop Loss: Place below the 15M LQZ to manage risk. Key Takeaways Master the art of risk management to safeguard your trades. Learn to perceive and analyze the market effectively within key liquidity zones. Understand the importance of selecting the right time frame for trade execution. Know which trading sessions offer the best opportunities and align them with your trading strategy.
OANDA:XAUUSD
by Adlercon333
Is the Dollar (DXY) About to Shock the Markets? Take a look NOW!DXY Analysis: Potential Bullish and Bearish Scenarios Overview: This analysis of the U.S. Dollar Index (DXY) on a 4-hour timeframe outlines potential bullish and bearish scenarios based on price movements and key levels. Bullish Scenario: For a bullish continuation, we need to see: Corrective price movement in the area of the blue box. An impulsive move above the last short-term high, forming a liquidity zone (LQZ) on a lower timeframe, or a bullish pattern such as a bull flag on the 1-hour or 15-minute chart. Bearish Scenario: For a bearish continuation, the following conditions should be met: A clear impulsive move underneath the blue transparent box structure. Confirmation of the break below, either through the formation of a LQZ or a bearish pattern, indicating a continued push lower. Possible False Breakout: There is also the possibility of a false breakout, where the price briefly breaks a level but fails to sustain the movement, reversing direction instead. Mindset Lesson: Handling Uncertainty and False Breakouts: Stay disciplined and stick to your trading plan. Embrace flexibility and be ready to adjust your approach. Manage risk effectively. Be patient and wait for the right setups. Learn from each trade to continuously improve.
TVC:DXY
by Adlercon333
FTM/USDT 1D Interval Hello everyone, I invite you to review the FTM chart in pair with USDT on a one-day time frame. Let's start by identifying the main downtrend channel in which the price is systematically falling with the blue lines. However, locally we can also determine a downward trend line, which currently shows how the price is struggling to go higher. Going further, we can see how strongly we are approaching a very important support point, which is currently the main support for the price at $0.31. Looking the other way, it is worth determining the resistance that FTM must face. And here you can see how we are approaching the resistance zone from $0.52 to $0.61, then there is strong resistance at $0.75, and then the price will have to face a very strong resistance zone from $0.84 to $0.97. It is worth looking at the RSi indicator here, where we can see a reflection from the lower border with room for continued growth, but here we can see how there is currently a fight to maintain the place where we could repeatedly observe reflections in one and the other direction.
F
by cryptodailyuk
ETC/USDT 1D Chart ReviewHello everyone, I invite you to review the ETC pair to USDT chart on a one-day time frame. Let's start by identifying the downward trend in which the price is moving using the yellow channels. Currently, you can see how we bounced off the lower border of the channel, which resulted in a 23% price rebound. Going further, we can see how the price reacted in our strong support zone from $21 to $18, when the price dropped to the lower border of the zone, we could see a strong rebound. However, if the price were to break down, the next very strong support is at $15.5. Looking the other way, we can determine resistances in a similar way, and as you can see, the price is currently struggling with the resistance at $22.5, when we break out of it, the next resistance is at $25.4 and then very strong resistance at the price of 29.8 $. Looking at the RSI indicator, you can see how an upward movement does not result in price increases, while a downward movement of the indicator gives a greater reaction, which may lead to another attempt at declines. Even though the RSI indicator shows room for the price to move up from the current resistance, the STOCH RSI indicator indicates that the upper limit has been exceeded, which in previous situations resulted in price declines.
by cryptodailyuk