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CASTROLIND-DAILY/WEEKLY/MONTHLY-BREAKOUTNSE:CASTROLIND Stock is consolidating in a channel from past 8 years. From last year it’s started to making higher low in weekly/Monthly Chart. Monthly : As per monthly analysis stock has shown a bullish engulfing at bottom levels. Weekly: • June 2nd week we can see a big green candle engulfing past multiple weeks. • June 3rd week there is rejection candle (Inverted Hammer). Things get interesting over here. The rejection candle didn’t get follow through. • If we look carefully whole week the stock was trading between the range. July first week we can see a boom! Daily: We can see buying from 122-123 levels from last few days and on Friday (7th July) We can see a big green candle with good volume. It’s good time to go long for 155-160 targets. SL: 117 I have already taken this trade. This is only for educational purpose, please manage your risk accordingly.
NSE:CASTROLINDLong
by Rushikesh_09
Semiconductors in Focus: Top or Not?NASDAQ:NVDA has shifted sideways since the huge earnings breakaway gap, a pattern that tends to provide strong support for profit-taking. Unlike NASDAQ:AMD , the trend doesn't appear to be at risk of shifting into a downtrend at this time. While there has been some negative news pertaining to China for NVidia, the chart patterns don't indicate any concern from the largest Buy Side Institutions yet. NVDA reports again near the end of August. By the end of this month, the big Buy Sides will have made adjustments to their holdings depending on their expectations for earnings, a time to watch for any shift in the technical patterns. AMD reports early August. This short-term M top is at risk of testing support level highs below.
NASDAQ:NVDA
by MarthaStokesCMT-TechniTrader
VEDL-HOURLY/DAILY-AT SUPPORT LEVELSNSE:VEDL Stock is consolidating between 275-285 from past a month. From past few days (Last week of June) The stock is getting seller pressure however it is not able to close below 275. It’s a sign of strength that buyers are defending this level. Today Stock has shown a bullish hammer around the support level. It’s good time to go long with Small SL. SL 273-274 , Target would be as per the risk reward. This is only for educational purpose, please manage your risk accordingly.
NSE:VEDLLong
by Rushikesh_09
BTCUSDT 4H Interval ReviewHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is trying to break the local downtrend line. After unfolding the trend based fib extension grid, we can see a support zone from $30,241 to $29,981, however, when the price falls below this zone, we still have support at the golden fib point, at $29,555. Now let's move from the resistance line, as you can see the price is fighting a very strong resistance at $30578, while further it will move towards an also very strong resistance at $31240. Looking at the CHOP indicator, we see that there is still energy for the move, the MACD, despite the price increase, remains in the local downtrend, and the RSI has a slight increase, which may give room for the price to grow a little more.
by cryptodailyuk
MGL-LONG DAILY TIMEFRAME NSE:MGL Stock is consolidating in Descending triangle pattern from past few days. It is taking support on previous Break out level which is 1015-1020. On 22nd June we can see a clear rejection from top. Following to the rejection there is a big red candle which is closed near support levels. Now here comes the interesting part the red candle did not got the follow through. The stock has opened slight gap down on Monday (27th June) and it has been sharply pushed up by buyers. This is a good opportunity to go long and with low SL (approx. 2%) Please wait for the bullish price action if it opens gap down on Tuesday (28th June) SL: 1010 Target: 1070 The entry is bit early as I mentioned that previously red candle did not got the follow through. This is only for educational purpose, please manage your risk accordingly.
NSE:MGLLong
by Rushikesh_09
BTC/USDT 4HInterval ReviewHello everyone, I invite you to the Friday cryptocurrency review. Let's start by checking the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use the blue lines to mark the local downtrend channel, from which the price went up by the height of the indicated channel. Now we can move on to marking the support areas when the price recovers from the current increases. And here we first have support at $29,994, then second support at $29,095, then third support at $28,342, however when the price goes lower, we have a strong support zone from $27,589 to $26,520. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. And here we can immediately see that the price is in front of a strong resistance at the golden point of the fib retracement, at $31838, when it manages to break it, the second resistance is at $33,790, and when the price breaks it, it will move towards resistance at the price $36,247. Please pay attention to the CHOP index, which indicates that the energy is gathering more and more strength, the MACD indicator indicates an attempt to maintain an uptrend, while the RSI shows a strong increase, which may bring a slight rebound or a temporary sideways trend.
by cryptodailyuk
2
Daily BTC 1DChart - resistance and supportHello everyone, let's look at the BTC to USDT chart on a single day timeframe. As you can see, the price is moving below the downtrend line. Let's start with determining the support line and here in the first place it is worth marking the support zone from $ 26858 to $ 26357, if the support is broken then the next support is $ 25864 and $ 25170. Now let's move on to the resistance line, as you can see the first resistance is $27494, if you manage to break it, the next resistance will be $27811, $28580 and $28129. Looking at the CHOP indicator, we see that there is still a lot of energy for the move, MACD, despite the corrections, remains in an uptrend, while the RSI is moving around the middle of the range, which makes it difficult to clearly determine the direction of the move.
by cryptodailyuk
BNB/USDT SHORTTERM Resistance and Support Hello everyone, let's look at the BNB to USDT chart on a 4-hour timeframe. As you can see, the price is moving above the local uptrend line. Let's start with the support line and as you can see the first support in the near future is $312, if the support is broken then the next support is $310, and then we have a support zone from $308 to $306. Now let's go from the resistance line, as you can see the first resistance is $316, if you manage to break it, the next resistance will be $318 and $320. Looking at the CHOP indicator, we see that the energy has been used, the MACD indicates the maintenance of the local uptrend, while when the RSI touched the upper limit, it gave a price correction.
by cryptodailyuk
1
CIPLA AT STRONG SUPPORT ZONE !!!!The price is trading at strong demand zone 850-- 875, Which is multiple time tasted by the price. Price taken support multiple times and bounce back towards the upside level. As we can see that price is trading at lower level and we seen a heavy correction in price from the all time high level of 1185 and now price is trading at 877. 850 --- 875 is strong support zone. If price respects the support level and shows good momentum either forms any bullish pattern or candle with high volume than we can plan the trade for upside with low risk & high Reward Setup. #CIPLA 👉Price Near support zone of 850--875. 👉Heavy Correction Seen from ATH Level of 1185 👉If Respect the support zone than good bounce back possible. 👉Wait for bullish pattern or candle formation with good volume 👉Track on lower TF for strong reversal 👉A good entry we can see
NSE:CIPLALong
by Jha_Nidhi
BHEL WEEKLY BREAKOUT & AT RETEST LEVEL The price breaks the trendline which is acting as strong resistance for the price and also restested the trendline breakout level and now start moves for the upside levels. Price also formed flag and pole pattern in daily timeframe and also given breakout. #BHEL 👉Trendline Breakout & Retest in Weekly TF 👉Stock in Uptrend & Bullish Pattern 👉Flag & Pole BO on Daily TF 👉Looking good for short Term Swing 👉PSE Stocks in focus 👉Add To Your Watchlist✅
NSE:BHELLong
by Jha_Nidhi
MKR/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the chart of MKR in pair to USDT, on a four-hour time frame. First, we will use the blue lines to mark the uptrend channel in which we are currently moving. Going further, we can move on to marking the places of support when we start the correction. And here, the first support is at FWB:706 , the second support is at FWB:698 , the third support is at $692, and then the fourth support is at $686. Looking the other way, we see that the price has approached a strong resistance at HKEX:721 , when it manages to break it, the second resistance is at HKEX:731 , then the third resistance is at $744 It is worth paying attention to the EMA Cross 10 and 30, which indicate the place of return to the uptrend. Please take a look at the CHOP index, which indicates that there is still plenty of energy for the next move, the MACD confirms the current uptrend, while the RSI is moving in the upper part of the range and approaching its upper limit, which may affect price stagnation or an upcoming rebound.
by cryptodailyuk
1
DOT/USDT 1DInterval Resistance and SupportHello everyone, I invite you to view the DOt/USDT chart on a one-day time frame.. First, we will use the yellow line to mark the downtrend line from which the price went up. Moving on, we can move on to marking support areas when we start a larger correction. And here we see that the price is just below the first support, then we have a support zone from $6.11 to $5.93 in front of the price, third support at $5.74, and then fourth support at $5.49. Looking the other way, we see first resistance at $6.53, then second resistance at $6.86, then third resistance at $7.32 Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD indicates that we have entered an uptrend, while the RSI has left the downtrend.
by cryptodailyuk
Daily ETH 1DChart - resistance and supportHello everyone, I invite you to review the chart of ETH in pair to USDT, taking into account the one-day interval. First of all, using the blue lines, we can mark the uptrend channel in which the price is currently moving. Now let's move on to marking the places of support. We will use the Trend Based Fib Extension tool to mark the supports, and as you can see, we first have a support zone from $ 1801 to $ 1759, if the price falls below this zone, then the second support at $ 1715, the third at $ 1650, then the fourth support at a price of $1569. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here we have the first very strong resistance at HKEX:1978 , the next resistance at TADAWUL:2060 , then the third resistance at HKEX:2126 , and the fourth resistance at $2195. The CHOP index indicates that there is still some energy left for the next move. The MACD indicator remains in an uptrend. On the other hand, the RSI, despite the rebound, is in the upper part of the range, which may indicate a deeper correction.
by cryptodailyuk
NQ - update: Within "normal" correction (so far)A "correction" can be very much expected after every few days of running up. The bull is very much intact if NQ can stay above 12,800, with Potential resistence-turned-support @ 12,850. (worst case support @ 12,500, the most recent pivot low). The 200 day Moving Average is slightly curving up now too. As long as one isn't a short term / day trader, just stay the course unless we see a break down of near term supports. So Let's see. Picking the right stocks is important too, unless the market gets euphoric and every Tom, Dick and Harry stocks starts to run. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
TVC:NDQLong
by Juliac
DOT/USDT 4HInterval Resistance and SupportHello everyone, I invite you to review the DOT chart in pair to USDT, on a one-day interval. First, we will use the yellow line to mark the downtrend line from which the price went up. Moving on, we can move on to marking support areas when we start a larger correction. And here we see that the price is just below the first support, then we have a support zone from $6.11 to $5.93 in front of the price, third support at $5.74, and then fourth support at $5.49. Looking the other way, we see first resistance at $6.53, then second resistance at $6.86, then third resistance at $7.32 It is worth paying attention to the EMA Cross 10 and 30, we can see that the red line of the EMA Cros 10 is moving just below the EMA Cross 30, the crossing of the green line by the red line can confirm the change of the trend to an uptrend. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, the MACD indicates that we have entered an uptrend, while the RSI has left the downtrend.
by cryptodailyuk
LTC/USDT 4HInterval Resistance and SupportAs the second chart in today's review, we'll be looking at LTC against USDT, also on a four-hour timeframe. First of all, using the yellow line, we can mark the downtrend line from which the price went up, while locally, we can mark the uptrend channel in which the price is currently holding with blue lines. Now let's move on to marking the places of support. We will use the Fib Retracement tool to mark the support, and as you can see, we have the first support at $88.69, then we can mark the support zone from $86 to $84, however, when the price falls below this zone, we can see a drop around the support at $76.77. Looking the other way, we can also mark the places where the price should encounter resistance on the way to increases. And here, the first resistance that LTC is fighting is at $90.09, the next resistance is at $96.98, and then the third resistance at $105.58. The CHOP index indicates that the energy is slowly gaining strength. The MACD indicator indicates a local downtrend. On the other hand, on the RSI, after a slight rebound, we have room for growth, when the price breaks the current resistance, we can see an attack on the second resistance.
by cryptodailyuk
Daily BTC 1DChart - resistance and supportHello everyone, I invite you to every Monday's cryptocurrency review. Let's start by checking the current situation on the BTC pair to USDT, taking into account the one-day interval. First, we will use the yellow line to mark the uptrend line, from which the price went down. However, locally, we can mark the triangle in which we are currently with the help of blue lines, and here we can see that we are on the border of the bottom exit. Now we can move on to marking the places of support in the event of a correction. And here we have the first support at the triangle exit at $26,592, then it is worth marking the support zone from $25,272 to $24,216, however, when we fall below this zone, we can see a drop to around $23,072. Looking the other way, this time using the trend based fib extension tool, we can determine the places of resistance. And here we see that the first resistance is at $28,880, the second resistance is at $30,253, and the third resistance is at $31,362. It is worth paying attention to the volume, which, despite the co-erect, we see that it is much smaller in recent days. Please pay attention to the CHOP index, which indicates that we have a lot of collected energy, the MACD indicator is on the verge of returning to a downward trend, while the RSI shows a rebound, but there is room for a deeper correction, so be careful.
by cryptodailyuk
1
Daily BTC 4HChart - resistance and supportHello everyone, I invite you to review the current situation on the BTC pair to USDT, taking into account the four-hour interval. First, we will use the blue lines to mark the downtrend channel from which the price went up. Now we can move on to marking support areas in case of deepening correction. And here we have the first support at $25656, then it is worth marking the support zone from $24819 to $24164, but when we fall below this zone, we can see a drop around $23490 and even $22525. Looking the other way, in a similar way, using the trend based fib extension tool, we can determine the places of resistance. First, we will mark resistance at $26,512, which the price failed to test positively, when we manage to break it, we have resistance at $27,349, then at $28,114 and $29,297. At this point, it is worth looking at the EMA Cross 10 and 30, this indicator nicely shows the place that was a confirmation of entering an uptrend. Please pay attention to the CHOP index which indicates that the energy has been used, the MACD indicator indicates the entry into a local uptrend, while on the RSI we went above the upper limit, which quickly turned the price back.
by cryptodailyuk
1