RAIN HAS GIVEN A BREAKOUTRAIN Has given a breakout this setup looks amazing from cmp we can take a trade.
I DAILY POST BREAKOUT STOCKS FOLLOW FOR MORE.
Swingtrade
PAGEIND: An Option Buying TradePAGEIND chart looks amazing. A rejection from bottom which shows there is huge demand.
A proper consolidation in Daily Timeframe, and now ready to blast off.
Why Blast?
The two Pinbar candles shows demand from bottom, and which will react on chart in coming days.
One can keep this stock in watchlist.
RCF - Bullish Momentum with volumesNSE: RCF is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
TVS ELECTRIC CAN GIVE A GOOD MOVETVS ELECTRIC Has given a break out but still that candle is not a strong, still we can take this trade with less qty after a strong candle we can add more.
Falling Wedge Pattern Spotted on $NIOPotential Bullish Reversal: Falling Wedge Pattern Spotted on NYSE:NIO
Greetings, fellow traders! Today, I bring your attention to an exciting technical pattern that has emerged on the stock of NIO Inc. ( NYSE:NIO ). A falling wedge pattern is forming, indicating a potential bullish reversal on the horizon. Let's delve into the details!
📈 Ticker: NYSE:NIO
📅 Timeframe: Daily Chart
📊 Pattern: Falling Wedge
📉 Understanding the Falling Wedge Pattern:
A falling wedge is a bullish chart pattern characterized by converging trendlines that slope downward. It typically occurs during a downtrend and signifies a potential reversal. This pattern suggests a decrease in selling pressure, with buyers potentially taking control and driving the price higher.
🔍 Identifying the Falling Wedge on NYSE:NIO :
Upon analyzing the daily chart of NYSE:NIO , the following observations come to light:
1️⃣ The stock has experienced a recent downtrend, with lower highs and lower lows.
2️⃣ Two converging trendlines can be drawn, with the upper trendline connecting the lower highs and the lower trendline connecting the lower lows.
3️⃣ Decreasing trading volume as the pattern unfolds, indicating a potential decline in selling pressure.
📈 Price Targets and Potential Trading Strategy:
Should the falling wedge pattern on NYSE:NIO play out as expected, a bullish breakout above the upper trendline could trigger a reversal and potential upward movement. Consider the following price targets:
1️⃣ Target 1: Resistance level near $50.00
2️⃣ Target 2: Psychological resistance near $55.00
🛡️ Risk Management:
Proper risk management is crucial when implementing any trading strategy. Employ the following risk management techniques:
1️⃣ Set a stop-loss order below the lower trendline to protect against unforeseen price fluctuations.
2️⃣ Adjust position size in accordance with your risk tolerance and overall portfolio management strategy.
🔔 Conclusion:
Keep a close eye on NIO Inc. ( NYSE:NIO ) as it continues to develop this falling wedge pattern. The formation suggests a potential bullish reversal in the near future. However, bear in mind that technical analysis has its limitations, and market conditions can swiftly change. Consider integrating this analysis with other pertinent factors before making trading decisions.
Disclaimer: This post serves for informational purposes only and should not be construed as financial advice. Always conduct your own research and consult a qualified financial professional before making investment decisions.
Happy Trading! 📈💰
#TechnicalAnalysis #FallingWedgePattern #NIO #BullishReversal #TradingView
GM BREWERIES SWING TRADE TRIANGLE 60%🚀
swing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
ICICI BANK PENNANT PATTERNswing trade take trade when nifty turns bullish swing trade perfect symmetrical triangle short term opportunity for upside take trade after breakout from the trendline according to own risk this is not call just a analysis.
KALYANKJIL - Bullish Consolidation BreakoutNSE: KALYANKJIL is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Delhivery LTD. 1 Week Timeframe Chart Analysis NSE:DELHIVERY When Delhivery Close Above 400 Level Then UPSIDE Our first Target is 422 & close above 422 then Second Target is 452 In Upside. Then Next Target As Per Fib Retracement Levels.
BTCUSDT Trapped in a DiamondChaikin Money Flow oscillator hidden divergence suggests price action has peaked at supply zone. H4 Overbought. Price trapped by throwing-over diamond top chart pattern by overnight but printing lower high, validating wave (ii). Expecting a profitable impulsive swing downward towards 14.6% Fibonacci retracement level amid 27970, completing wave (iii) @ local demand zone for a potential reaction with anchored VWAP from ATH, i.e. 7% drawdown to a short-term 2D swing trade. Whales maybe sell bulls confidence.
LTTS - Bullish ConsolidationNSE: LTTS is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
USDCHF: Bearish Outlook Explained 🇺🇸🇨🇭
USDCHF is trading in a bearish trend since October 2022.
Reaching 0.88 level, the market set a new lower low and started a correctional movement.
The price started to steadily grow within a bearish flag pattern.
At the end of May, a solid horizontal supply area was reached. The market started to consolidate on that.
A bearish movement initiated then. The market broke and closed below a support line of a flag.
I believe that it is the sign of strength of the sellers and a bearish wave will initiate soon.
For entries, consider an occasional retest of a broken support of the flag.
Goals: 0.896 / 0.89
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GBPUSD: Important Breakout 🇬🇧🇺🇸
GBPUSD formed a high momentum bullish candle on a daily time frame yesterday.
That candle closed above a key horizontal resistance.
The broken structure and a major rising trend line now compose a contracting demand zone
- the area from where the next bullish movement will initiate.
Next resistance - 1.263
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HLEGLAS - Bullish Momentum with VolumesNSE: HLEGLAS is closing with a bullish momentum candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
HATSUN - Bullish Consolidation BreakoutNSE: HATSUN is closing with a bullish consolidation breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
Trading the range on WTI (CL1!)Oil prices are trading quite erratically on the daily chart, making it a much less appealing market to trade on that timeframe. But that doesn't mean we cannot find potential inflection points at the intraday level.
Monday's opening gap has been filled, and earlier losses on Tuesday were fully recouped to print a bullish pinbar on the daily chart which found support just above $70. We're not looking for a huge move, but we see the potential for prices to have another crack at the $73, and the 3-wave retracement towards $71 looks appealing for a swing trade long. Take note of the HVN (high volume node) around $72.64 which could act as a magnet should momentum eventually turn higher.
We're not sure the actual swing low is in yet, so we're looking for higher volumes accompanied by one or more bullish reversal candles on the hourly timeframe or lower, to hint at a swing low. And if it can form above or around the $71 support zone it could provide an adequate reward to risk ratio for a cheeky long.
TATA STEEL HAS GIVEN A BREAKOUT.TATA STEEL has given a nice breakout from CMP we can make a swing trade.
TATASTEEL - Bullish Momentum BreakoutNSE: TATASTEEL is closing with a bullish momentum breakout candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
AUDNZD: Bullish Continuation 🇦🇺🇳🇿
AUDNZD is unstoppable.
The pair broke a key daily structure again.
The next strong resistance is 1.105.
It will most likely be the next goal for buyers.
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AAPL is very Bullish!I don't even have any pure technicals, just advice. Weekly chart of AAPL shown here and I don't think I've seen a steady move up reverse until a monster candle appears. AAPL definitely may have $200 on the mind. Keep an eye out.
EURJPY: Potential Swing Trade Explained 🇪🇺🇯🇵
Price action analysis on EURJPY.
Key levels.
Swing short explained.
Trading recommendations.
Potential scenarios.
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ACI - Bullish Consolidation BreakoutNSE: ACI is closing with a bullish swing reversal candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
USD CHF ShortPossible big drop for a few days on UsdChf that could last a day or 2 we have a break of trend let's see if it holds
