NYKAAOn this chart, there are lines called "Fibonacci retrenchment levels," which help predict where the price might go up or down.
Here's the simple breakdown:
The chart shows different levels where the price could stop and change direction. These levels are like markers on the chart.
The blue arrow on the chart suggests that the price might go up.
There's also a note saying that the price might increase.
In short, the chart is trying to predict that the price will go up and shows some important points where it might change direction. If you have any specific questions, feel free to ask!
Support and Resistance
12/23/24 - PFE: new BUY mechanical signal.12/23/24 - PFE: new BUY signal chosen by a rules based, mechanical trading system.
PFE - BUY
Stop Loss @ 24.80
Entry BUY @ 26.71
Target Profit @ 29.54
Analysis:
1. On the Higher timeframe - Prices have stayed above the lower channel line of the ATR (Average True Range) Channel
2. Higher timeframe - Trader Vic's (Victor Sperandeos) 1-2-3/2B Buy pattern...where the lowest current bottom breakout price is greater than the preceding bottom price
Ethereum ETHUSDT Swing TradeHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
Navinfluor Swing TradeHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
Granules Swing TradeHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
Indigo Swing TradeHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
PLTR DONE HIT TP1, NOW I TARGET TO HOLD UNTIL....This Weekly FORECAST
Opportunity for PLTR. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR).
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
JCY WAITING BREAKOUT, VOLUME STILL HAVEThis Weekly FORECAST
Opportunity for JCY. This setup is my trading idea/plan, if you want to follow: trade at your own risk (TAYOR).
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
PTC for 17% gainsPTC can be traded for over 17% gains. The stock has completed its completed its 38% retracement and now about to make another Higher High
Daily Closing is required above 28.51, thereafter first resistance is 28.88, once the stock sustains above that level. Trade can be entered into with Stop loss level of 23 for a Target Price of 34.08
Crossing 28.51 will trigger the classic ABCD pattern, final projection will be around 34.88 which could be the PRZ
RIL Prediction (2024 Dec 24) - RetracementNot a BHS recommendation. Just Sharing my idea.
CSELK:RIL.N0000 - The overall weekly trend is uptrend.
Timeframe - Daily
Higher High is formed @13.80 and Retracement is already happening
Possible reversal between 12.5-12.4 (From the highlighted red box)
Confirmations for the reversal:
Close to Fibonacci golden pocket
Hidden bullish divergence is formed
Fundamentals:
NAV is according to the latest financial statement (2024 Sept quarter) is 25.52. So PBV is below 1.
RIL has 51% ownership of CSELK:UML.N0000
Expecting to reach the Price to 15, which is the next daily resistance. The uptrend resistance might also intercept this resistance level at 15.
Gallantt Ispat looking to gallop ahead. Gallant Ispat Ltd. engages in the manufacture of steel and steel products. It operates through the following segments: Agro, Iron and Steel, Power, and Real Estate.
Gallantt Ispat Ltd. CMP is 352.55. The positive aspects of the company are Company with Low Debt, Growth in Quarterly Net Profit with increasing Profit Margin (YoY). The Negative aspects of the company are High Valuation (P.E. = 26.7), High promoter stock pledges and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 356 Targets in the stock will be 366 and 377. The long-term target in the stock will be 390 and 400. Stop loss in the stock should be maintained at Closing below 334 or 297 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Tolins Tyre looking to tilt the scale. Tolins Tyres Ltd. engages in the manufacture and sale of tires & accessories. It’s products include two-wheeler, three- wheelers, light commercial vehicle and agricultural tyres, pre-cured tread rubber and other accessories including bonding gum, tyre flap, vulcanizing solutions.
Tolins Tyres Ltd. CMP is 210.97. The positive aspects of the company are Company with Zero Promoter Pledge, The Negative aspects of the company are High Valuation (P.E. = 26.2), Increasing Trend in Non-Core Income.
Entry can be taken after closing above 212 Targets in the stock will be 222, 228 and 244. The long-term target in the stock will be 251 and 258. Stop loss in the stock should be maintained at Closing below 193 or 173 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
USDJPY Wave Analysis 23 December 2024
- USDJPY reversed from key support level 156.35
- Likely to rise to resistance level 158.00
USDJPY currency pair recently reversed up from the key support level 156.35 (former resistance from November, acting as she support after it was broken last week).
The upward reversal from the support level 156.35 continues the active minor impulse waves iii and 3 – both of which belong to the intermediate impulse wave (3) from the start of December.
USDJPY currency pair can be expected to rise to the next resistance level 158.00, the breakout of which can lead to further gains toward 160.00.