Breakout with Volume...NSE:TV18BRDCST trade at 51.55. Support is at 47.70 and Resistance is at 54.30
When its break Resistance level you can watch it @ 59 and after this 68.
Swingtrading
$NDRA OVERSOLD 4HR RSI & DOUBLE BOTTOM **NDRA Life Sciences (NDRA): A High-Potential Opportunity for Massive Gains! **
**Based on the recent earnings call and updates, NDRA Life Sciences is shaping up as a tremendous opportunity with extraordinary upside potential.** Currently trading at a mere $0.42 per share, this stock has plummeted a shocking 90% in the past three weeks, largely driven by a 1-for-50 reverse stock split and an $8 million public offering. This sharp decline, fueled by panic and fear, has created a golden opportunity for those ready to buy the dip and capitalize on a potential breakout and bullish reversal. With a market cap of just $550,000, the potential for explosive gains is undeniable.
**Why NDRA is a Must-Watch:**
- **Strong Financial Backing:** NDRA is fully funded until mid-2025, providing the financial security needed to advance its groundbreaking TAEUS® technology, which could revolutionize liver fat measurement and address a critical global health issue. This technology targets over 1 billion people suffering from conditions like NAFLD and NASH, potentially transforming how liver diseases are diagnosed and treated.
- **Bullish Technical Signals:**
- NDRA is flashing strong bullish signals, primed for a breakout and bullish reversal. The stock is deeply oversold on the RSI, a classic indicator for a sharp rebound. There's also a hidden bullish divergence, suggesting underlying strength as the RSI makes higher lows while the price drops. The stock price has recently moved above the VWAP, signaling increased buying interest and momentum.
- NDRA has been granted an extension until November 20, 2024, to regain NASDAQ compliance, which involves maintaining a $1.00 bid price for 10 consecutive trading days. The pressure to achieve this could trigger a powerful surge, especially given the potential for a short squeeze.
- **Potential for Big Moves Ahead:**
- The possibility of insider buying, a buyout, partnership, or merger isn't off the table, adding even more fuel to the fire. Social media influencers are starting to take notice and invest, which could further amplify the momentum.
- **Unmatched Growth Potential:**
- Recent reports show NDRA's cash position has more than doubled to $6.4 million, with a significant reduction in operating expenses. These solid fundamentals underpin a strong runway for growth and innovation.
- **Price Targets and Speculative Gains:**
- Given the current setup, NDRA has the potential to reach $1.00, $2.00, or even $5.00 in the near term. The stock's ability to gain compliance and its strategic financial positioning make it a compelling opportunity for investors looking for high-risk, high-reward plays.
**Don't miss out on this opportunity.** Buy the panic and fear. If you sold NDRA during the recent drop, you might regret it as the stock rebounds and potentially soars. Always do your research before making any investment decisions, but remember that timing is everything in these volatile markets!
*Note: This is not financial advice. Always do your own research before making any investment decisions.*
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Natural Gas may be at the start of a big move higherNatural gas has had a small move higher recently and has now pulled back to the 61.8% fib. This area is often a key price point where the market could start a major move higher. We could see a big trend starting from anywhere around here.
Even though we have the trend structure in place we will need to see buyers steps in and a trigger to buy signal. All we can do now is wait for the green trigger buy signal. Stop placement will be below the last swing low with an open profit target. However, if we do see buyers stepping in then 3200 would be an obvious target. Further up side from there is possible.
This could be big trade so all eyes on this market.
USDCHF: Bearish Trend Continues 🇺🇸🇨🇭
USDCHF is trading in a long-term bearish trend on a daily.
The price updated the low this week, setting a new lower low lower close
and violating a key daily horizontal support.
Bearish trend will most likely continue.
Next support - 0.8365
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Gold shows signs of exhaustion at its record highGold may have reached a record high on Tuesday, but it then handed back more than half of the day's gains to leave a long upper wick. The ATH met resistance at the weekly R2 pivot and the daily RSI (2) has formed a bearish divergence in the overbought zone.
A momentum shift can be seen at the ATH on the 1-hour chart. A bearish divergence has also formed on this timeframe. The bias is to fade into retracements within yesterday's range to target the 2540/45 range, near the 50-bar EMA and HVN (high-volume node).
GBPUSD Week 35 Swing zonesSupport and Resistance is all about identifying previous price interest areas, @PinchPips a step further is taken in calculating these areas before the occur; This is not a magic trick, but careful mathematical analysis.
As price has been missing entries by some small margins, new levels are calculated(black lines) to catch big swings.
Upper SZ: 32498 - 32548
Lower SZ: 31792 - 31742
As always, price action determines trades.
USD/JPY could be at the early stages of a reboundPicking inflection points is not for everyone. But taking into account the two months of heavy USD selling, disapproval of a 'strong yen' from the BOJ and arguably oversold USD/JPY, perhaps some bullish mean reversion is due.
We take a look at the monthly, daily and 4-hour charts to show key levels.
SWING IDEA - IEXIndian Energy Exchange (IEX) is exhibiting promising technical signals that suggest a potential swing trade opportunity.
Reasons are listed below :
170 Zone as New Support : The 170 level was previously a resistance zone and has now turned into a support level, indicating strong buying interest.
Hammer Candle on Weekly Timeframe : The formation of a hammer candle on the weekly chart suggests a potential reversal, signaling a shift from a bearish to a bullish trend.
0.5 Fibonacci Support : The stock has found support at the 0.5 Fibonacci retracement level, indicating a potential bounce and continuation of the uptrend.
Trading Above 50 and 200 EMA on Weekly Timeframe : IEX is trading above the 50 and 200-week exponential moving averages, confirming the bullish sentiment and providing strong support levels.
Breaking Consolidation Phase of 2+ Years : The stock is breaking out of a long consolidation phase that lasted over two years, signaling the start of a new bullish trend.
Target - 205 // 245 // 300
Stoploss - weekly close below 155
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - WELSPUN LIVING Welspun Living , a leading company in the home textiles sector, is presenting a compelling swing trading opportunity based on several key technical indicators.
Reasons are listed below :
Head and Shoulder Pattern Breakout : The price has broken out of a head and shoulder pattern, indicating a bullish reversal and potential for further upward movement.
170 Resistance Zone Breakout : The 170 level was a significant resistance zone. The price has broken out above this level and is sustaining, indicating strong bullish momentum.
Bullish Marubozu Candle with a Strong Close : The recent formation of a bullish marubozu candle with a strong close signifies strong buying pressure and suggests potential for continued upward movement.
Breaking 3+ Years of Consolidation : The stock is breaking out of a long consolidation phase that lasted over three years, signaling the start of a new bullish trend.
Gradual Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Target - 200 // 250
Stoploss - weekly close below 145
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Best Swing Trading Strategies For Beginners (FOREX, GOLD)
I am going to reveal 3 profitable swing trading strategies for beginners.
These strategies are tailored for trading Gold, Forex or any other financial market.
I will explain entry signal, stop loss and take profit placement for every strategy and share a lot of examples based on real trades that we took with my students.
First, let's discuss key elements that unite these strategies.
1. All the strategies will be trend-following.
It means that the trades will be taken strictly in the direction of the market trend.
2. All the strategies will be daily time frame based.
Daily time frame will be the main time frame for the market analysis.
3. All the strategies are technical analysis strategies.
The decision-making and market analysis will be strictly based on technical analysis: price action, support and resistance.
Strategy 1: Break of Structure Strategy
Break of Structure is a classic swing trading trend following strategy that is based on:
1. Bullish breakout of the level of the last higher high in a bullish trend
2. Bearish breakout of the levels of the last lower low in a bearish trend
In a bullish trend, a bullish violation of the level of the last higher high and a candle close above that is a very strong bullish signal.
It signifies the strength of the buyers and indicates a highly probable bullish continuation.
A perfect entry point after a confirmed Break of Structure is the retest of the level of the last higher high.
Stop loss is 1 ATR.
Take Profit - the next key resistance.
Look at EURCAD pair on a daily time frame.
The market is trading in a bullish trend and we see a confirmed break of structure - a daily candle close above the level of the last higher high.
Here is how the trading position should look.
Take profit is the closest resistance based on a historic price action.
Look how perfectly this trade played out.
In a bearish trend, a bearish violation of the level of the last lower low and a candle close below that is a strong bearish signal.
It signifies the strength of the sellers and indicates a highly probable bearish continuation.
A perfect entry point after a confirmed Break of Structure is the retest of the level of the last lower low.
Stop loss is 1 ATR.
Take Profit - the next key support.
Above, EURNZD is trading in a bearish trend on a daily and we see a confirmed break of structure - a daily candle close below the level of the last lower low.
Here is how a short position looks - entry is on a retest of a broken structure, stop loss is 1 ATR and take profit the closest key support.
163 pips of pure profit were made.
Strategy 2: Trend Line Strategy
Trend Line is a classic swing trading trend following strategy that is based on:
1. Rising trend line based on higher lows in a bullish trend
2. Falling trend line based on lower high in a bearish trend
In a bullish trend, higher lows may respect a rising trend line.
Such a trend line will be a strong vertical support.
It will provide a safe point for buying the market.
Entry will be based on a test of a trend line.
Take profit will be at least the level of the current higher high.
Stop loss will be 1 ATR.
When you are looking for a trend line in a bullish trend, remember a simple rule.
A valid trend line should be confirmed by at least 3 touches and 3 consequent bullish reactions to that.
For example, a rising trend line on a GBPUSD above will be invalid trend line because it is confirmed by just 2 touches.
While the trend line that I spotted on USDCAD is valid, because it was already respected 3 times in a row in the past.
Above is the valid rising trend line based on higher lows in a bullish trend.
Here is how a swing long trend from that trend line should look.
Stop loss is based on 1 ATR. Entry from a trend line.
Take profit is based on the current higher high.
Almost 300 pips were made.
In a bearish trend, lower highs may respect a falling trend line.
Such a trend line will be a strong vertical resistance.
It will provide a safe point for selling the market.
Entry will be based on a test of a trend line.
Take profit will be at least the level of the current lower low.
Stop loss is 1 ATR.
When you are looking for a trend line in a bearish, remember a simple rule.
A valid trend line should be confirmed by at least 3 touches and 3 consequent bearish reactions to that.
The trend line on EURGBP above is invalid because 2 touches confirm it.
While that trend line is valid and confirmed by 3 strong bearish reactions.
In the example above, EURCHF is trading in a long term bearish trend.
Lowers highs perfectly respect a falling trend line.
It can provide a safe entry for swing short trade.
Following the rules of our trading strategy, here is a swing short trade from that trend line.
Stop loss is 1 ATR. Take profit is based on the current lower low.
250 pips of pure profit were made.
Strategy 3: Higher Low / Lower High Strategy
Higher Low / Lower High is a classic swing trading trend following strategy that is based on:
1. The last higher low in a bullish trend
2. The last lower high in a bearish trend
In a bullish trend, the level of the last higher low composes an important horizontal support from where, with a high probability,
a bullish wave may initiate.
This level will provide a perfect entry for swing long trade.
Stop loss will be 1 ATR.
Take profit will be the resistance based on current higher high.
USDCHF is trading in a bullish trend on a daily.
The levels of the last higher low is a perfect point to buy the market .
According to the rules, stop loss is based on 1 ATR.
Take profit is based on the current higher high.
Great winner and nice trade!
In a bearish trend, the level of the last lower high composes a key horizontal resistance from where, with a high probability,
a bearish wave will initiate.
This level will provide a perfect entry for swing short trade.
Stop loss will be 1 ATR.
Take profit will be the support based on current lower low.
Look at EURUSD on a daily.
The pair is trading in a bearish trend.
The level of the last lower high provides a safe point
to sell the market from.
That's how a short position should look based on the rules of the trading strategy.
Stop loss is 1 ATR.
Take profit is based on the last lower low.
Entry is the level of the last lower high.
Target was quickly reached.
All these strategies are very accurate.
It provides good reward to risk ratio and is very easy to understand and apply properly.
Try one of these swing trading strategies and find the one that suites your trading style.
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Follow The Trend or Wait for Retracement...NSE:BAJAJ_AUTO trade at 10500. Support is at 9700 and Resistance at 10600.
P/E RATIO - 36.35 Industry P/E - 23.75
On the 23rd AUG Bajaj Auto give a Breakout above 10000 level. You can wait for Retracement otherwise Follow the Trend for Next Resistance at 11200-11500.
CADCHF: Bearish Outlook Explained 🇨🇦🇨🇭
CADCHF is trading within a wide horizontal range on a 4H time frame.
After a test of a resistance of the range, the price formed a double top on that.
Bearish breakout of the neckline of the pattern is a strong intraday bearish signal.
The pair may keep falling now at least to 0.62621
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