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wabagHere's a detailed explanation of the chart with added emojis: 1. **Breakout Level**: 📊 **Breakout Level** (marked in yellow) represents a key **resistance** point around ₹1,421.90. - 📉 In the past, the stock price repeatedly tried to cross this level but was pushed back down each time, showing that sellers were strong at this point. - 🚀 **Breakout** occurs when the stock **closes above this resistance** with strong momentum, which often signals the start of a bullish trend. This is a key level traders watch to determine if a stock is ready to rise further. - 📏 The resistance level is like a ceiling the price couldn't break before, but once it does with strong conviction, the price may start moving upwards faster. 2. **Up Arrows** (📈) at Support Points: 🔼 These arrows mark where the stock finds **support** from the market. - 🔍 Each time the price touches the **ascending trendline** (the purple diagonal line), it bounces upward, showing that buyers are stepping in at higher levels. This signals that investors are confident in the stock and willing to pay more each time the price drops to this line. - 💪 This forms an **upward trend** over time. The higher lows indicate that the stock is gaining strength as demand continues to increase. The price bouncing off this trendline multiple times adds to the idea that the stock is forming a **bullish pattern**. 3. **Down Arrows** (📉) at Resistance Points: 🔽 These arrows highlight moments where the stock price hits a **resistance point** (the yellow line) and can't move higher. - 🔄 The stock was **rejected** at this level several times in the past, creating a **consolidation phase** between the trendline and resistance. This pattern shows indecision in the market—buyers are willing to step in at lower levels, but sellers are still in control near the resistance. - This series of price rejections emphasizes how hard it was for the stock to **break above** the ₹1,421.90 level before, making the eventual breakout even more significant. 4. **Hammer Candle** (🔨): 🔨 **Hammer Candle** forms just before the breakout, signaling a **potential trend reversal** from bearish to bullish. - 📉 Initially, the price falls, but buyers step in strongly by the end of the session, pushing the price back up to near where it opened. This creates a hammer shape: a small body with a long lower wick. - 🛑 Hammer candles typically appear at the bottom of a **downtrend** and indicate that the sellers' momentum is weakening. The long lower shadow shows that buyers stepped in aggressively, preventing the price from falling further. - 📈 This hammer formed near the support line (purple trendline) is a powerful bullish signal that suggests the market is preparing for a **reversal**. Traders often see this as a sign that a new **uptrend** is starting. 5. **Bullish Candle** (📊): 🟩 The large **bullish candle** following the hammer is a classic sign of a **breakout**. - 🚀 The stock has broken above its previous resistance level of ₹1,421.90 and closed significantly higher at ₹1,518.70. - 📈 The strong green candle indicates that there is a surge in buying interest, and the bulls are now in control. This large movement up suggests that many traders are entering the market at once, fueling the price rise. - 🔥 This is often considered a **breakout confirmation**, especially when the price closes well above the resistance level. It is a clear sign of upward momentum. 6. **Volume Spike** (📊🔊): 🔊 The **volume spike** shown in the green bar at the bottom represents a huge increase in **trading volume**. - 📈 Volume is crucial in confirming the breakout. A breakout without volume might be a false signal, but when volume surges (like it does here), it shows that a significant number of participants are involved in the move. - 🏦 **High volume** means many traders and investors are buying into this move, which suggests that the breakout is likely to continue with strength. ### Summary: 📊 The stock was consolidating between an **ascending trendline** (purple line) and **resistance level** (yellow line). 🔨 The hammer candle signaled a **reversal** was coming, and the breakout was confirmed by a large **bullish candle** supported by a **volume surge**. 🚀 The stock is now in a strong **bullish phase**, with potential for further upward momentum after breaking past its key resistance level. The combination of the breakout, hammer candle, volume increase, and bullish price action suggests a positive outlook for this stock. no reommendation for buy and sell
NSE:WABAGLong
by investigationofchart
GOLD - where is today support? holding or not??#GOLD.. perect move as per our video analysis and market perfectly holding his supporting area for now, guys today is PMI day and lots of volatility will exist, dont be lazy here. and we have now supporting area our mentioned area form 2497 to 2501 that will be our supporting region throughout the day, and if market hold it then again you can see bounce from here and upside mentioned areas will be targeted areas. and keep in mind that below mentioned supporting region cut n reverse will be best option. good luck trade wisely
FX:XAUUSD
by AdilHussain731333
incase of range trade then there is expected range#GOLD... market placed 1907 as day low and bounced back arround 7 points. tomorrow is CPI day, it will be very important specially for #GOLD. before CPI maybe market trade in range if its happen then expected range will be 1914 and 1909. 1909 will be area of the day, it will be your key level, keep close it. holding of 1909 mean you can see again 1920 or sustained breakage of 1909 can leads you towards 1898 that will be support of the week and month. trade wisely good luck
FX:XAUUSD
by AdilHussain731333
CFDS ON GOLD (US$ / OZ)🌻 🌞Technical Analysis for GOLD🌻🌞 uk.tradingview.com Support ♠︎ ♣︎ ♥︎ ♦︎ S1 ➔ ➜ ➙ ➛ ➝ ➞ 1800 S2 ➔ ➜ ➙ ➛ ➝ ➞ 1763 S3 ➔ ➜ ➙ ➛ ➝ ➞ 1739 Resistance ♠︎ ♣︎ ♥︎ ♦︎ R1➔ ➜ ➙ ➛ ➝ ➞ 1920 R2➔ ➜ ➙ ➛ ➝ ➞ 1930 R3 ➔ ➜ ➙ ➛ ➝ ➞ 1956 PIVOT POINTS🔏 🔐 🔒 p🟥 🟧 🟨1946.69 S3🟥 🟧 🟨1914.59 S2🟥 🟧 🟨1930.64 S11940.31 R1🟥 🟧 🟨1956.36 R2🟥 🟧 🟨1962.74 R3🟥 🟧 🟨1978.79 DAILY CHANGE IN🕚 🕛 🕜 LONGS 💎💎💎 4% SHORTS🩸🩸🩸 8% WEEKLY CHANGE IN🕚 🕛 🕜 LONGS💎💎💎 -3% SHORTS🩸🩸🩸 41% ⛱ 🏖 🏝 please if you have any question about any chart just test me I will answer back to you as soon as I can we can share our ideas together 🚥 🚏 🗺
OANDA:XAUUSD
by CeoCodes
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