Get started

Supportzones

MCHP Long Setup: Oversold Rebound w/ Rising Volatility & VolumeMicrochip Technology (MCHP) is presenting a promising long opportunity for a temporary rebound, supported by three strong technical factors: Slow Stochastic in Extreme Oversold Territory : The indicator is below 20, signaling excessive selling pressure, often linked to potential short-term recoveries. Rising Volatility Index (LSVI) : The significant increase in volatility suggests the market is entering a phase of larger price movements, increasing the probability of a sharper rebound. Increasing Volume with Reduced Decline: Recent candles show higher trading volume accompanied by a slowing rate of decline, indicating potential buyer activity and a technical correction from the recent sharp drop. With the price near a critical support zone and a target identified at $65.00 (10% gain), this setup offers a compelling risk-reward ratio for short-term traders. If the price crosses above the red line, it may reach $71.00 (20% gain). Watching for confirmations such as a %K/%D crossover on the Slow Stoch and sustained buying volume will be key to validating this thesis. Disclaimer : Always manage risk carefully, particularly in high-volatility environments.
NASDAQ:MCHPLong
by felipegomesbwm
1
NZDCAD Technical Analysis: Bullish Trend Remains IntactHello traders, I can see that the NZDCAD pair is currently trading at 0.82634, maintaining a bullish trend as price action consistently forms higher highs and higher lows. After a temporary correction from Friday's high of 0.83107 to 0.82495, the pair appears to have resumed its upward trajectory, targeting a breakout above the previous high. Key Observations Trend: Bullish, with a series of higher highs and higher lows. Momentum and Sentiment: Both indicators support the bullish outlook, reinforcing expectations for continued upside. Key Levels: Immediate Resistance: 0.83107 (Friday's high) Invalidation Point: A break below 0.82428 would negate the bullish scenario and signal potential downside risk. Conclusion The overall outlook for NZDCAD remains bullish, with momentum and sentiment aligned for a continuation higher. A sustained break above 0.83107 would confirm the bullish trend, while a move below 0.82428 would call for a reassessment of this view. Do let me have your take. Cheers and happy trading.
Long
by Samuel124
BALAMINES: SUPPORT & RESISTANCE TRADINGBalaji Amines has been trading in a consolidating zone for an extended period, oscillating between well-defined support and resistance levels. This range-bound behavior reflects a lack of decisive directional movement, but also offers an excellent opportunity for range-based trading strategies. Technical Analysis: The stock has recently touched its support level for the 7th time, indicating a strong demand zone at this level. The repeated testing of support without a significant breakdown strengthens the case for a potential bounce. Key support: ₹ 1990-2000 Key resistance: ₹ 2441-2550 Trade Setup: Entry: Near the support level around ₹1990-2000. Target: ₹2441-2550, the upper boundary of the consolidation range. Stop Loss: Below the support level, to minimize risk if the support fails. Disclaimer: This analysis is for educational purposes only. Conduct thorough research or consult a financial advisor before making trading decisions.
NSE:BALAMINESLong
by VanshikaUdeshi
MKR/USDT 1W interval chartHello everyone, let's look at the current situation of MKR taking into account the interval of one week. As we can see, the price has left the trend triangle with a dynamic downward movement, currently we are staying below the downward trend line. Let's start by setting goals for the near future, which include: T1 = $1,745 T2 = $2192 T3 = $2546 T4= $2,900 Looking the other way, there is a strong support zone that managed to keep the price from further correction, the zone from $1,278 to $936, but if this zone is broken, we may see a strong price drop to around $514.
Long
by cryptodailyuk
BTC new ATH what's next?BTC reaches new ATH, but the level around $76,600 is a key place in the four-year cycles lasting for BTC, because from its low in each cycle, it grows less by 5.3 times than in the previous cycle. However, the situation may change with the introduction of ETFs to the market, which changed price movements. If we manage to break out of the $76,600 level, we can see a move towards $83,800, and then the important level is at $89,000. When the price starts to recover, the first important thing for us is the support zone from $73,700 to $70,000, when this zone is broken, the price can quickly return to the level of $66,000, and then the important support is at the price of $59,300. We have also identified a visible upward trend line on which we can currently base critical points in the event of a correction.
Long
by cryptodailyuk
Will Kasia stay in the support zone?Hello everyone, let's take a look at the Kaspa chart in USDT pair, taking into account the time frame of one day. you can see here how the price has returned to the very important support zone from $0.177 to $0.0931, this is a very important zone because it is the last place of support before a strong price drop. You can see here how the price is struggling to maintain the level in the triangle, from which we can see candles that are trying to pay off the triangle with the bottom, then the last support line is visible. Looking the other way, when the price starts to rise again, first of all you can see the resistance at the level of $0.144, then the level at the price of $0.168 will be important, and then the very important resistance at the price of $0.208, which previously turned out to be the price peak.
by cryptodailyuk
BankNifty Levels for Intraday for 22 Oct 2024BankNifty is trading between support and resistance zone but it is still in bullish channel so trading on buy side has high probability. We can go long when price starts reversing from 51850-51900. Trade only when price comes to support zone for good risk to reward and high probability. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYLong
by smrgrover2
BankNifty is in Bullish ZoneBank Nifty was recover itself into its channel and still trading in bullish channel near bottom of the channel. Resistance Level is also nearby so wait for the price come to near support level for good risk to reward. Learning : If any instrument is in bullish trend then all support act as strong support and resistance levels breaks. Note : Its just an analysis, wait for the price to confirm. Disclaimer : Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
NSE:BANKNIFTYLong
by smrgrover2
Credit Access at Strong SupportThe Strongest stock in one of India's fastest growing sectors has fallen to very strong support. The fundamentals of the sector were hurt due to lengthy high interest rates, which are soon to witness the much favorable downturn. Company fundamentals are still intact though and it is the leader in small finance industry. This idea is to spread awareness and should not be considered as basis of any financial commitment. DO YOUR OWN RESEARCH BEFORE TRADING/INVESTING.
NSE:CREDITACCLong
by Gaurav_Singh_5705
AVAXUSDT gives Bullish indicationsAVAXUSDT has finally broken out of the consolidation zone that has been developing since early August. On the weekly timeframe, the market formed an inside bar pattern, and the price has now surged above it, signalling a bullish outlook. Like many altcoins, AVAXUSDT has tested historical lows, revisiting levels from November 2023, where a significant price surge previously occurred. On the 4H timeframe, the price action has also broken through a triangle pattern, marking the end of an accumulation phase around 20.00 and indicating a potential bullish move. The market may retest the channel border and upward trendline. The target is the resistance zone around 27.50
Long
by RTED_Investing
USDX Analysis going into next week's Trading. See Weekly-Chart! Buy AAAPL, Buy Googl, Buy QCOM, Buy McDonalds Fast Food. I honestly have not checked their charts. But they are some of the stocks that must be starting to turnaround in their share prices following the recent sell-off, these companies I would say with their global franchises & operations would be benefiting from a weakening US-Dollar. You can see in the Weekly chart where USDX is coming down into an area of Support on the Weekly chart & my feeling is that it will start to turnaround this coming week as its very oversold. But of-course if I may hedge my bets a bit, the path of least-resistance is down as it's well under important moving averages, but a reversal is imminent is my feeling. * Trading/Investing in precious metals, currency's, commodities & stocks is risky. Please don't rely solely on my financial advice.
EIGHTCAP:USDXLong
by Easy_Explosive_Trading
2
Buyback Watch for Swing TradingEarnings are over so buybacks are back in the mix. The market is likely to continue to be volatile and choppy until all the ETF investors who want to sell have done so. Then, the uptrend is likely to resume because there are not enough barometers warning of a recession AND we just had one 3 years ago. Buybacks tend to drive price up, so they are a good swing and momentum trading strategy. Notice how neatly the support from previous highs halted the run down. Reversal points at strong support levels are one area to watch for buyback patterns.
NASDAQ:AAPL
by MarthaStokesCMT-TechniTrader
1
PARAS DEFENCE Getting Support @ Previous ALL Time HighNSE:PARAS Positive factors – The outlook will be revised to Stable if the company demonstrates a material improvement in its working capital cycle and liquidity position, along with improvement in earnings and scale of operations. Healthy order book provides medium-term revenue visibility – The company’s fresh order inflows over the past four fiscals remained adequate, with orders worth ~Rs. 621 crore added in the last 21 months ending December 31, 2023. The pending order book of Rs. 526.3 crore as on December 31, 2023 (OB/OI ratio of 2.4 times of the OI in FY2023) provides medium-term revenue visibility. Comfortable capital structure and healthy coverage indicators – The company’s capital structure remains comfortable with TOL/TNW of 0.3 times as on September 30, 2023, supported by equity infusion of Rs. 162.3 crore during FY2021-FY2022 and low debt levels. The interest coverage stood at 12.2 times in 9M FY2024 due to the limited dependence on external borrowings to fund its working capital. Going forward, ICRA expects the coverage indicators to remain comfortable, benefitting from the scale-up in operations, given the strong order pipeline. Extensive experience of management team – PDSTL’s promoters have more than three decades of experience in designing, developing and manufacturing a wide range of engineering products and solutions for the defense and space sector in the domain of optics, heavy engineering and electronics. Its long presence in the defence and space sector has helped to establish strong relationships with its customers as well as suppliers. It has developed a strong management and execution team comprising several ex-employees of BEL and DRDO, among others. High working capital intensity due to elongated receivables cycle – The business is working capital intensive with NWC/OI of 88.3% and 114.8% in FY2023 and H1 FY2024, respectively, owing to the high inventory holding period and long receivables cycle. The inventory levels are high because of additional stocking of critical raw materials to avoid any disruption in the delivery schedules and high work-in-progress due to elongated manufacturing cycle. PDSTL has been partly managing its working capital cycle by stretching its trade payables by more than three months as it has a longstanding relationship with most of its suppliers and availing mobilisation advance for part orders. Going forward, the company’s ability to alleviate its working capital intensity while scaling up its revenues and improving its operating margins will be the key rating monitorable. Moderate scale of operations – Though the company reported a robust YoY revenue growth of 21% and 10% in FY2023 and 9M FY2024, respectively, supported by healthy order book and the timely execution of orders, the scale of operations still remains moderate. Given the Government’s thrust on ‘Make in India’ in the defence sector, PDSTL has been mainly catering to domestic demand (~84% of OI contributed by domestic orders in FY2023). Driven by the healthy order book status, ICRA expects the company to sustain its revenue growth in FY2024 and FY2025. High customer concentration risk, though largely mitigated by reputed customer base and repeat orders – The company faces client concentration risk with top three clients contributing 46% to the total order book as on December 31, 2023 and top five clients accounting for 51% of the revenue in FY2023. The client profile mostly comprises government organisations with repeat orders received over the years, largely mitigating the counterparty credit risk. A major part of PDSTL’s clientele included reputed government organisations, namely Laboratory for Electro-Optics Systems (a unit of ISRO), BEL, Instruments Research and Development Establishment (a unit of DRDO) and private companies like RRP S4E Innovation Private Limited and Unifab Engineering Project Private Limited. The company has long standing relationships with most of its clientele. PDSTL also exports to companies based in Israel, Singapore and USA.
NSE:PARASLong
by iism-ExpertTrading
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
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
Dogecoin - Last buy before +250% pump!CRYPTO:DOGEUSD broke out of another triangle formation and is preparing a major move. Cycle after cycle after cycle. Dogecoin is definitely one of these assets where you have to look at the higher timeframes; otherwise there is a high risk that you get caught up in short term moves. The trend is clearly bullish and five months ago Dogecoin broke out of a symmetrical triangle formation. We also have a valid break and retest, all indicating a bullish reversal. Levels to watch: $0.125, $0.359 Keep your long term vision, Philip - BasicTrading
CRYPTO:DOGEUSDLong
by basictradingtv
2
Tesla - Indecision with the triangleNASDAQ:TSLA has been consolidating for almost 4 years and is definitely ready for a breakout! +3.300% was the previous rally on Tesla which started back in 2019. But at the moment Tesla is not looking bullish whatsoever, considering that Tesla is trading at the same level as it was about four years ago. However, there is a long term descending triangle formation forming and therefore it is quite likely that we will (soon) see a breakout, either towards the upside or towards the downside. Levels to watch: $210, $120 Keep your long term vision, Philip - BasicTrading
NASDAQ:TSLALong
by basictradingtv
11
Snowflake Ascending Channel bound, with upside potentialHi guys! So always looking for opportunities in repeating patterns/ macro developments. SNowflake (SNOW) particularly stuck out. This analysis is conducted in the 1 day timeframe. Since June 2022, SNOW has been in a Ascending Channel with consistent Higher low prints. This shows a reoccuring pattern of everytime we've made our way to the bottom of the channel to test Support, we've had bounces to the Upside. We've had roughly 4 major moves highlighted with returns ranging from 40% to 80%. We have in April made our way back to test Suppport on this channel. Currently up roughly 10%. We are also Above the 21 EMA, maintaining Support. This is also a reoccuring sign of a rally to the upside. Currently our 21 EMA is curving to the upside. The rallies that have occured in the past from touching the support line of channel have shown this sign as well. FOllowed by a Golden cross, where 21 EMA maintains its position above 50 SMA. Look for this signal to appear. There is also potential for another test of Support on the lower border of channel. Keep this in mind as it is seen when you look at the previous data. Remember it is bad practice to trade using a single indicator or tool. Always try to find overlap of signals. Look to updates ont his idea for more evidence to make informed decisions. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on SNOW in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NYSE:SNOWLong
by SafofAllTrades