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NCC LTD - Triangle pattern breakout Triangle pattern breakout observed on Friday trading session and today also the breakout confirmed with another green candle with good volume. Breakout may be retested at near 92.45 or below it and after that up move can be continue. SL should be near at 82.45 or below it for the target of approx 132. Also keep in mind that there is also a previous resistance at 112-114, so stock should surpass these levels to reach 132. Note: Take responsibility of your own hard earned money and your own trade.
NSE:NCCLong
by Silent_Wraith
CHAINLINK BEATING THE ALT MARKET Welcome back traders, the Alt market has been a crazy place over the last couple months. First we will take a look at LIND/USD, and then compare it to the market as a whole: As we can see on the 4h chart above, Chainlink has been trading down and sideways along with the alt market for the last several weeks. Are we starting to see the downtrend break? Although the ALT market did set new local lows in June, Chainlink never did, maintaining support by a narrow $0.001. This conflictualy formed both a double bottom, and a bearish triangle. The current breaking of this bearish triangle of course is very bullish. You will notice two different hypotenuse trendlines, one red and one yellow. The yellow is, in my opinion, the best fit for the local trend on link. The red, however, uses almost the exact same coordinates and the same time frame as the Alt market chart below, for the best comparison. Although the triangle is a great tool, an even better bullish confirmation would involve link reclaiming SMA s/r blanket. As you can see, where Chainlink has broken the bearish trend, the CRYPTO TOTAL MARKET CAP EXCLUDING BITCOIN (ALT) market has not quite made it there yet. Although we have not seen a clear break in the trend, we are well above the 10 Simple moving average(SMA) and approaching the 180SMA. If the downtrend does break, we may see a test of the highest volume node of the visible range, at about 866.318B. That could set the stage for both the ALT Market, and Link especially, for some SERIOUS recovery. It is noteworthy that although my current prerogative is bullish on ALTs, and especially LINK, I am begrudgingly not invested in the crypto space currently, and if ALTS fail this test of resistance, it will likely pull Link back into a sideways/downtrend with it. Disclaimer: This is NOT trading advice! These are my opinions that I have posted for educational purposes ONLY. Trading comes with great risk, which should be managed carefully. You should never trade anything more than you are willing to lose. I hope you all kill it, but I am not responsible for any financial loss or damages. Thanks for reading!
COINBASE:LINKUSDLong
by CryptoRichCrypto
3
Positional Long Trade on KABRA EXTRUSIONS PRICE PATTERN ANALYSIS- 1) Stock broke out today from a SYMMETRICAL TRIANGLE PATTERN 2) Breakout was approximately at 2/3rd of the length of the triangle, indicating strength of the pattern 3) Pattern was formed over a period of 3 months, making Lower Highs and Higher Lows, which made a Symmetrical Triangle Pattern. VOLUME ANALYSIS- 1) FALLING and LOW volume across the formation of the triangle. 2) BREAKOUT was accompanied by a HUGE SURGE in volume, confirming the pattern breakout validity. TARGETS- 1) The targets for such a formation is the Difference between the 1ST HIGH and the 1ST LOW ( 215-157 ), which is equal to 58. This amount we add to the BREAKOUT POINT ( 205 ) to arrive at our TARGET ( 205+58 ), which equals 263.
NSE:KABRAEXTRULong
by aniketkulkarni500
Beauty of PatternsThis is an Educational post. *Trade Confirmations* :- Breakout in daily time frame has a lower chances to fail. :- A green candle has broken the trendline :- Huge volume near trendline that acted as amazing support. :- Good quarterly results. *When to Buy* :- Enter with half quantity after the trend line is broken. :- Add the rest of quantity when the price is near the support/trendline/retest region. :- This retesting region is a key level where many traders will start to buy resulting in a huge volume. *When to Sell* :- The gap between the 2 trendlines is calculated as the target zone. *Some more points* :- Triangle is not only the pattern out there. There are lots of patterns that are good too. :- I personally like triangle patterns. :- So, I'm posting the educational idea to let everyone know the power of patterns. :- Remember there are a lot of people who see the same chart. So many many might have done the same analysis. that results in everyone buying the stock which will raise the price Why I like the Trading View Community ? There are 1000s of stocks out there. Even a full time trader can't look at them all. That's where the community plays an important role. There are many curious and intelligent minds out there who post ideas based on charts that helps other people to look at the chart. So the 1000 companies or more can be easily scanned that saves a huge time. However don't copy the analysis. With the stock name, open the chart yourself and draw the patterns to find key levels to enter and exit Don't forget to plan the number of quantities that you'll take. Plan everything before entering the trade This is just my personal view on their community. That's it. Congrats if you have read everything. You really are a curious and patient person because a person could be judged by the amount of patience they have while reading. Follow me so that you'll get notified whenever I post some content. All the best!
NSE:WIPRO
by Omsai1238
3
Crypto.com (CRO) Symmetrical TriangleBeautiful symmetrical triangle formation on Crypto.com (CRO). I'm loving how this is looking with these kinds of bullish market conditions. I believe if we break out of this formation we will have a run up and re-test of the current all time high of $0.27 cents. If we re-test and break past $0.27 cents we'll be going back into a new price discovery phase. Just my opinion. When it comes to cryptocurrency adoption Crypto.com (CRO) is definitely at the forefront of integrating cryptocurrency with the retail, travel, and entertainment sectors of our lives. From just holding and staking I recently re-furnished me and my wife's apartment with those e-gift cards. I'm also ruby card holder myself. We're both lovers of Crypto.com. But there's certainly much more that Crypto.com has to offer, what I mentioned we're just examples of what's in the ecosystem. This is is an awesome project that's in a lane of its own and at one point it was a top 10 cryptocurrency. Much peace, love, health, and wealth as always.
Long
by peacefuljustin
4