DEEPAK FERT CAN A GOOD MOMENTUM TRADEThe stock looks good for SWING/SHORT TERM/LONG TEARM
It has given a strong BO Today from CMP can be good entry for swing trade.
Swingtrade
HDFC BANK Looks good for SWING 10%HDFC BANK is sitting on (W)trendline and also trading in a parallel channel, between this zone we make trade plan and we can capture 10%.
PRICOLLTED LONG SETUP - SHORT SWING TRADEStock is in uptrend on 1hr TF making HH & HL. Stock broke above its resistance zone and now retesting it. Stock also made double bottom pattern as indicated by red arrows. Daily RSI is also above 50 which is bullish territory (according to me). Stock is good buy at 193 level with SL around 187-187.5 for a Target of 204 and above. Good risk to reward trade.
Disclaimer: I am not SEBI registered.
Borosil Limited | Inverted Head and Shoulder + Retest | CMP 383Before identifying the inverted head and shoulders, we should see the trendline starting in October 2021 near ₹260 till the recent one near ₹420. It reversed from there after touching.
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Now if we combing the Inverted Head and Shoulder structure , we can see that after it broke the neckline (blue horizontal line).
After breaking it touched the resistance and is coming down for a retest and we may presume 370-380 levels to act as a strong support in daily timeframe.
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We can see in the chart that something is cooking fundamentally, we can go long over this.
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Buy can be initiated at Current Market Price i.e ₹383.20, ₹370.00, and ₹360.00
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Fundamentally this a good stock and I have this in my Long Term Portfolio.
Stoploss can be kept around ₹325-320
AUDJPY: Very Bearish Outlook 🇦🇺🇯🇵
AUDJPY looks very bearish to me:
after a strong bearish wave, the pair was consolidating within a narrow horizontal trading range on a daily.
Yesterday, the price finally broke and closed below that.
I believe that it will push the market to the next support.
Target - 90.55
For entries, consider an occasional retest.
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USDCAD Short off Monthly toward 1.29250USDCAD meets its first monthly resistance test at 1.37900 since breaking through around a staggering two years ago (9 March 2020). Although the following weekly resistance at 1.46294 gave way for USDCAD to dip back below its first breakout of 1.37900 halting any further upswings.
My only concern is a scenario where price gains enough bullish strength and yet again pops off from 1.37900 for a tap all the way into the following weekly resistance at 1.46294 .
Considering a bearish pin bar has already formed on the weekly chart and consolidation ahead on the Daily, the latter idea of a bounce lower from 1.37900 toward 1.29250 is more plausible.
Update trades as these are pending orders.
Bullish Gartley m24 ETHlooks like we have a bullish gartley pattern set up here. I'm adding to my longs in this range.
EURUSD: NFP & Current Situation 🇪🇺🇺🇸
Watch and learn what to expect from EURUSD.
Multiple time frame analysis & trading plan.
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HCG 5-10% ACHIVABLE IN A SWING TRADEThis stock is looks good for swing trade, it has made a very good pattern and given a good BO. In this stock we can achieve 5-10% from CMP.
United Spirits Mcdowell_N - Enter after the breakoutUnited Spirits - Enter after the breakout. If it sustain above 895 it can reach +1000 approximately 15% ROI expected.
USDCAD: Time For Reversal?!🇺🇸🇨🇦
Bearish outlook for USDCAD explained.
Key levels, price action and thoughts.
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GJ moved up 990 pips since wednesday reversal entry at 155.250GJ moved up 990 pips since Wednesday reversal entry at 155.250. We are at a resistance now, and possibly at the 3rd leg, so we could see a further push-up today with news, or have a strong retrace on the 4hr tf. If we go up to the next zone as marked, we could see a reversal or continuation tomorrow during New York session. Be cautious with news, don't be hasty
SPAL LOW RISK HIGH REWORD TRADE >It has been made IHnS Pattern
>Making HH n HL formation
>PnF Pattern
>Given a BO
GBPNZD: Important Breakout 🇬🇧🇳🇿
GBPNZD broke and closed above a major supply area last week.
The broken structure turned into a demand zone now.
I believe that it will trigger a bullish continuation to 2.02 / 2.04 levels.
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BHARTIAIRTEL It has given small pop out, it has the potential to move higher.
DISCLIMER: This chart is just for educational purpose.
EURCAD: Very Bullish Outlook 🇪🇺🇨🇦
One more breakout that I spotted today is a bullish violation of a horizontal supply zone and a major falling trend line on EURCAD.
Forming a high momentum bullish candle, the market successfully closed above them both.
I think that it will trigger a further bullish continuation.
Next resistances: 1.358 / 1.368
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Bitcoin Day Trading Setups, Scalping Entries🖥️ We have determined there is a 72.5% chance Bitcoin will Rise from our current entry point.
📉 LONG - BTC : $19,075📉
💵 Length of trade: we are expecting BTC to hit a $700 scalp, with a high end of $1,100, and a minimum expectation of $450.
🕰️ Duration of trade: we are expecting the Min. Profit Target to occur in 4.5-6 hours of this signal.
- Then we see a longer duration of 14 hours for the Excepted Target. We are thinking possibly a longer term to 2 days for a continued recovery bounce.
📊🖥️ Indicator Shown on Chart : Scot Signal Indicator
RIVN - LONG SWING TRADE IDEARIVN could be a potential long trade for a few reasons:
First, it is forming a Buy Setup on the daily chart and it just put it a new higher low at an area of strong support
On entry, RIVN would be breaking out over three major daily moving averages (9 SMA (Purple), 21 SMA (Blue), 50 SMA (Yellow)) with room to correct to the 200 MA (Orange)
In support of the trade, RIVN has been stronger than the market during this recent move lower and it setting up to bounce with the market
Additionally, the 2:1 reward to risk is quite reasonable and could be exceeded if RIVN makes a strong move and breaks out of the double top at 41
A trailing stop loss is recommended as this is still a bear market and RIVN does have the double top as resistance. I would expect some price action around 37 as well due to retracement levels and previous areas of minor support/resistance
TATA ELXSI CAN MOVE 7% TO 21%It has taken multiple times support from a trendline at this time it can take support again, here we can enter with small SL and we can aim for higher targets.
AUDJPY 4H Swing4H RSI ready for the reversal! Inside a minor Demand Zone as well, lets look to take it to previous highs!
NZDJPY: Breakout & Bearish Forecast 🇳🇿🇯🇵
Update for NZDJPY pair.
It turned out, that the price managed to break and close below a key daily support.
82.1 - 83.28 is a solid supply zone now.
The pair will most likely keep falling to 80.0 support.
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EURUSD: Detailed Structure Analysis 🇪🇺🇺🇸
A lot of questions about EURUSD.
Here is my latest structure analysis and key levels to watch for you:
Analyzing a monthly time frame, I spotted 0.94 - 0.96 historical support
based on a price action of 2001 and 2002.
On a daily time frame, a bit lower, we have a support line of a major falling parallel channel.
The trend line and a monthly horizontal structure compose a solid demand zone from where the pair may bounce.
Concerning the resistances, I see 0.986 - 0.99 horizontal resistance and a resistance line of a channel.
They compose a supply area.
Consider these structures for pullback / breakout trading.
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Short CADJPYSince there are formation of compression of price with a bearish pole, it is high chance for price to drop until nearby resistance zone at 102.374. Use demand zone as a entry point and set stop loss (SL) beyond 106.384
