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Swingtrading

SWING IDEA - ANGELONENSE:ANGELONE 's stock price has been retesting around the 2000 resistance level for approximately two and half years. Following multiple retest, the stock finally broke out above this level in October 2023 and has since established it as a key support. The stock subsequently surged to a peak of 3895, representing a 87% increase. However, it then experienced a sharp correction, plummeting 45% to revisit the 2000 support level again. This pivotal point, formerly a resistance, has now become a robust support. Currently, ANGELONE is exhibiting an upward momentum, poised to retest its swing high at 3895. The weekly MACD crossover, occurring after the establishment of support at 2000, indicates a bullish trend reversal. KEY OBSERVATIONS: - Two-year resistance level of 2000 broken in October 2023 - Stock surged 87% to 3895 before correcting 45% - 2000 level now serves as robust support - Weekly MACD crossover indicates bullish momentum - Upward momentum poised to retest swing high at 3895 RECOMMENDATION: Based on this technical analysis, I would recommend holding ANGELONE for a Long Term horizon. This could potentially yield: - 35% returns from the current price (as of writing) - 87% returns from the support point (2000) This analysis highlights a compelling buying opportunity in ANGELONE, driven by its breakout and momentum reversal. IMPORTANT NOTE: Investors should be aware that there is a possibility that the stock may revisit this Support level at 2000 in the near future before resuming its upward momentum towards the swing high at 3895. This potential pullback should be monitored closely, and investors may consider adjusting their strategies accordingly. DISCLAIMER: This IDEA is for informational/educational purposes only and should not be considered as investment advice. The analysis presented is based on technical indicators and historical data but does not guarantee future performance. Please conduct thorough research based on financial goals and risk tolerance, and consult with a financial advisor before making any investment decisions.
NSE:ANGELONELong
by thepranam
NZDUSD: New Low After Breakout 🇳🇿🇺🇸 Quick update for NZDUSD: the pair has recently violated a key daily horizontal support. After a breakout, the market nicely retested the broken structure and started to fall from that. With the yesterday's bearish movement, the price managed to set a new Lower Low. It is an important sign of strength of the sellers. I believe that the pair has a good potential to drop even lower. Next support - 0.599 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
Zomato - Swing Long SetupZomato has already broken the entry zone on the 15-minute chart , confirming the entry price at 271 . This setup is valid only for today. Here’s the trade plan: Entry Price: 271 Target: 320.2 Stop Loss: 240.40 (Stop loss will trigger only if a daily candle closes below this level) With the entry confirmed at 271 , I’m aiming for a potential move toward 320.2 . The stop loss is set at 240.40 , but will only be triggered if a daily candle closes below this level. Important: This setup is valid for today only. I'll reassess after today's close for further action. Disclaimer: This post is for educational purposes only and is not financial advice. Always manage your risk and trade responsibly.
ZLong
by gupshupblog
Why EURUSD is Plummeting and How You Can Take Advantage of ItI am adopting a bearish bias on EUR/USD and will leverage probabilities derived from statistical and historical data to position myself for short trades. By analyzing past market trends and current economic indicators, I aim to make informed decisions that enhance my trading success. Key Fundamentals Supporting a Bearish Outlook: - Interest Rate Differentials: The U.S. Federal Reserve is likely to maintain higher interest rates, which strengthens the USD against the EUR, especially as the European Central Bank (ECB) may consider rate cuts in response to economic challenges. - Economic Performance: Recent economic data indicates that the Eurozone is facing significant headwinds, with disappointing growth figures that negatively impact market sentiment. - Market Sentiment: Current market sentiment leans bearish towards the euro, with many traders already positioned short. This collective positioning could lead to further downward pressure on the EUR/USD pair. These elements provide a solid foundation for my bearish outlook, making it an opportune moment to enter short positions. 1W: HOURLY ENTRY: If you require additional clarification, or wish to share your thoughts, don’t hesitate to drop a comment below!
Short
by Jasminex1x2
1
Bullish Outlook on XRPUSDKey Reasons for a Bullish Bias: 1. Positive Market Sentiment: XRP has recently broken through an important resistance level, which shows that traders are feeling optimistic about its future. 2. Bullish Technical Patterns: An inverted Head and Shoulders pattern has formed, suggesting that XRP might be ready for a price increase. 3. Improving Regulations: Recent developments in cryptocurrency regulations are becoming more favorable, which could attract more institutional investors to XRP. I plan to use probabilities based on historical data and the X1X2 methodology to enter long positions in XRP. Here’s why: - Learning from the Past: By looking at past price movements and historical data of XRP, I can spot biases that might help predict future behavior. - X1X2 Methodology: This method helps me identify key price levels to enter and exit trades, making my strategy more focused. - Smart Risk Management: By using probabilities, I can set stop-loss orders at strategic points, reducing my risk and making more informed decisions. In summary, with a positive market outlook and a solid trading strategy based on historical data and mathematical rules, I’m confident in taking long positions in XRPUSD. Traders, if you found this idea helpful or have your own thoughts on it, please share in the comments. I’d love to hear from you! 12M: 2W: 1H:
CRYPTO:XRPUSDLong
by Jasminex1x2
1
CHAINLINK SWING TRADINGSwing trading BINANCE:LINKUSDT Seeing that the structure has been respected, I decide to open a position now. These are my arguments: Bullish arugments: Monthly PCL being disrespected Weekly PCL being disrespected Daily swing low being disrespected 4H swing low being disrespected So far I see no bearish arguments. Trade management: SL at $9.94 which that would indicate strong rejection and would power a search for liquidity at the lower end of the range. However, there does not seem to be so much weakness to look for a lower low than the September low. TP, partials could be obtained. A partial TP would be on liquidity on the buy side at $13.90 and let profits run to ITH with SL on BE once the 1TP profit is taken.
Long
by Jaytradermb
SWING IDEA - XCHANGINGNSE:XCHANGING has been rallying since the last few months. Currently it is at a S/R zone of 128. We have to wait a couple of weeks to see if this will turn out to be a Support Zone or a Resistance zone. If it turns out to be a good Support Zone, we also have a MACD crossover incoming and once the crossover completes, it can rally up the stock at least till its Swing High Levels. Another point to note is while the Lower Low Pattern on Price Action and Higher High Pattern started forming in the April of last year, this is only the next MACD crossover we are going to see after that.
NSE:XCHANGINGLong
by thepranam
SWING IDEA - BCLINDNSE:BCLIND is currently at a good demand zone. The stock is about to close a gap which was created last March. Some good volume and market conditions and it should be able to close the gap by this week or next week. It can start pumping up more and reach its Swing High levels once the Gap has been successfully closed. Company also has a strong 1Y Beta of 1.85. MACD line and signal has a very good split which indicates strong Bullish momentum. If market conditions are good in the coming days, this trade should not have any issues completing sooner.
NSE:BCLINDLong
by thepranam
SWING IDEA - CAPRI GLOBAL CAPITALCapri Global Capital , a prominent non-banking financial company (NBFC), is showing technical indicators that suggest a promising swing trading opportunity. Reasons are listed below : 200 Zone is a Strong Support Zone : The 200 level has been established as a strong support zone, providing a solid base for potential upward movement. Bullish Engulfing on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement. Support at 50 EMA : The stock is finding support at the 50-day exponential moving average (EMA), reinforcing the bullish sentiment and providing a strong support level. 0.618 Fibonacci Support : The stock is finding support at the 0.618 Fibonacci retracement level, a key area where prices often bounce back, indicating potential for an upward move. Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 250 // 290 Stoploss - weekly close below 197 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
NSE:CGCLLong
by Visionary_Growth_Insights
SWING IDEA - EQUITAS SMALL FINANCE BANKEquitas Small Finance Bank , a leading small finance bank in India, is showing promising signs for a potential swing trade. Reasons are listed below : 75 Zone as a Strong Support Zone : The 75 level has proven to be a solid support zone, providing a strong foundation for a potential upward move. Bullish Hammer on Weekly Timeframe : The formation of a bullish hammer on the weekly chart, which also engulfed the previous week's candle, indicates strong buying pressure and a potential reversal from the support level. 0.5 Fibonacci Support : The stock is currently resting at the 0.5 Fibonacci retracement level, a key area where buyers often step in to push the price higher. Gradual Uptick in Volumes : An increasing volume trend suggests growing investor interest, further supporting the potential for a bullish move. Target - 95 // 105 // 115 Stoploss - weekly close below 72 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
NSE:EQUITASBNKLong
by Visionary_Growth_Insights
3