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Bandhan Bank - Magic Waiting to Happen !!Magic Waiting to Happen: Bandhan Bank's Weekly Chart Overview - The downtrend line since 2020 has been a key resistance level. - ₹250 and ₹200 have served as a consolidating range's upper and lower boundaries. - You can now access our structured charts for all Nifty 500 companies . Check the signature column below for more info. - Recent base formation suggests accumulation, supported by a surge in volume. - The stock has gained momentum following the RBI's nod for a change in MD, CEO. Bandhan Bank is currently coiling up for what looks like a significant breakout. With the downtrend line as the final hurdle and volume picking up, the chart suggests that magic is waiting to happen. A break above the resistance zones could trigger a bullish trend reversal, so it's worth keeping a close watch on this stock in the coming weeks. DISCLAIMER: The information provided here is for educational purposes only and does not constitute financial advice or a recommendation to buy, sell, or hold any security. Stock market investments carry risk, and you should consult with a qualified financial advisor before making any trading decisions. Past performance is not indicative of future results.
NSE:BANDHANBNK
by TheChartereds
2
Applying Fan's Principle on XCHANGING!Fan Pattern in NSE:XCHANGING ! 3rd Fan Line Breakout in XCHANGING! XCHANGING SOLUTION Analysis on a Monthly Time Frame! Analysis: Hello all, as you can see I have applied the Fan Principle on XCHANGING SOLUTION, It is a type of Multi time frame analysis, Where we can draw multiple trendlines from an All-Time High price point. As per the Fan's Principle, there is a trend reversal When the price breaks the 3rd Fan Line. Disclaimer = Consider my analysis for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NSE:XCHANGINGLong
by Avinash9087
PEPE PUSHES WITH FRACTAL INVERTED H&SWe could see PEPE repeat some good things as we come to a fib support that's "been done before" - An inverted H&S has formed (or tea cup and handle if you wish) and threatens to reverse us back to the upside, this chart structure looks very familiar to the last move we made to the upside back in April 2024 -A DBW forms on the 5 min TF with the overall downward move hitting a technical support at 0.0000096, signaling a potential trend reversal to the upside. (Price could push as low as 0.0000094 range to touch our trend line) -RSI is currently oversold hovering at 17.53, giving us further evidence of a turn around
Long
by CryptoSmith01
GBP/JPY- Trend Changing PatternMy focus this morning is on the GBPJPY, we have seen a strong reaction to the breakdown low that happened on 03 May 2024. The reaction gave us a bullish wave structure on the H1 timeframe, the concluding factor is that wave structure 4 failed to make an HH 5 (200.652). Instead of an HH 5, the price made an LH 5 in an uptrend. The price then proceeded to break structure 4, known as a trend-changing pattern. Knowing this information determined our directional bias for the GBPJPY. So far, we have seen a retracement to the LH 5 (200.652), which has now become a structural point because it made a LL. Yesterday the price formation indicated that the Sellers are slowly coming into the market above the 200.652, we saw sharp rejections twice yesterday and a trade below the 200.65 and 200.50 today will be a sell indication for us. The invalidation point is a break above the 200.95, above here selling is no longer an option for us. Think in Probability: As traders, you must be careful to align your behavior and expectations with the following principles: - Anything can happen - An EDGE is only an indication of one thing happening over another - There is a random distribution between wins and losses - You don't need to know what will happen in order to make money in trading.
Short
by Charts247TradingAcademy
7
SMCI LONGBullish Context: Monthly uptrend, weekly uptrend Price Position: Near last month low Pattern: price has shaped daily uptrend (higher low and higher high); weekly higher low is set This is an opportunity for LONG play with profit target near previous month high. In order for this setup to work price must first break through synthetic diagonal resistance; in case of pullback bulls must protect last daily low (881) Disclaimer I don't give trading or investing advice, just sharing my thoughts.
NASDAQ:SMCILong
by hermes_trisme
1
ZS short term upward reversal. ZS is trying to reverse downtrend. Bearish upthrust has been weakening over the last two weeks and price has already set daily higher low on the pre-market. For reversal to happen bulls must protect 192.5 and build value above 196. If the reversal happens it will probably not to last long as we're in a monthly consolidation. But it still can provide some nice profit Example of a possible trade is shown on the graph. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
NASDAQ:ZSLong
by hermes_trisme
NIFTY DAILY - 20/3/2024Nifty open higher but bulls didn’t survive into the market and traded range bound for entire session. Nifty has formed Doji candle on a daily chart which indicates thug of war between buyers and sellers. Double moving averages is giving cross down, we may see weakness into the market. If the Nifty index is at a low point and if the market opens positively the next day and maintains stability at current levels, there's a chance that the downward trend could shift, and prices could start rising again. Reason behind this is that when a Doji formation is happening at a Bottom level we may see trend reversal from there. So, further levels for nifty will be 21667 will work as support level and 21906 will work as resistance level. Today’s Advance Decline ratio of NIFTY50 Advance - 27 Decline - 23 FII Sell – 2599.19 crore DII Buy + 2667.52 crore. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
QQQ bearish Head-and-Shoulders pattern confirmedNASDAQ:QQQ has shaped Head-and-Shoulders formation on the daily chart. Daily downtrend confirmed, weekly consolidation has started. Please note that broad SP500 market is still technically in an uptrend, meaning that buyers are still strong. So if you plan entering SHORT on QQQ I would wait for a pullback to increase risk-reward. An example of possible trade is shown on the chart. Of course, it is important to monitor how things develop and make corrections if needed. Disclaimer I don't give trading or investing advice, just sharing my thoughts.
NASDAQ:QQQShort
by hermes_trisme
NIFTY DAILY - 4/3/2024Index open with positive note and made all time high that is 22440. Index has formed Doji candle on the daily chart at the top of the market which indicates thug of war between buyers and sellers as the closing was near the opening levels. We may see trend reversal in near future. Next levels for nifty will be 22520 upsides and 22303 level downsides. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY - 21/2/2024Market falls from nifty’s new all-time high that is 22249 level and Bulls lose its winning streak in the market. Nifty formed shaven head candle on the daily chart which indicates participants are selling from higher level. Nifty has formed Bearish Engulfing Pattern on daily chart which indicates trend reversal. We may see further weakness in market. Nearest support will be 21986 level with resistance of 22381 level. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
3
GOOG Is Starting To Bottom OutThe TrendCloud System is specifically designed for Trend Following and Trend Reversal Trades. It will show you when the Trend has become extended and heading for a major level of support. In this case, its the 100 SMA. Start looking for the option chain on around this area or just wait for the TrendCloud Signal to go long. If you want to trade trend reversal setups then click the link in my profile and start using the same trade plan that is already making money in 2024. We are over 10% in just 2 weeks of trading. Click the link in my profile for the free video trade plan.
NYMEX:NGH2024Long
by thechrisjuliano
Trend Reversal 2024 - The First Week of the Year is Crucial The first week of 2024 the US market opened around the high and closed around the low. It is very similar in 2022 and 2023. And what is the market telling us from the first week of 2024 and the direction for the rest of the year? We are going match the fundamental reason with this technical observation over the last two years. Also, what is the key fundamental we should be looking out for in 2024? E-mini Nasdaq Futures & Options Its Minimum Fluctuation 0.25 index points = $5.00 Code: NQ Micro Nasdaq Futures & Options Its Minimum Fluctuation 0.25 index points = $0.50 Code: MNQ Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
CME_MINI:NQ1!Short
by konhow
4
Harmony Secret Retest + Falling Wedge🚀Harmony (ONE) has been quietly making strategic moves in the crypto arena, and one of its recent maneuvers has unveiled an essential yet often unnoticed aspect of chart analysis: the retest of a crucial trendline. Furthermore, the formation of a substantial falling wedge on its weekly chart is sending bullish signals, indicating potential for exciting price action in the near future. 📉🚀 Rediscovering the Trendline Retest Trendline retests are like hidden gems on a crypto chart. Harmony (ONE) showed its mettle by retracing back to a significant trendline, often going unnoticed by the crowd. This retest is a crucial aspect of price action analysis, as it confirms the trend's strength or highlights potential reversals. The Falling Wedge: A Bullish Playground But that's not all; Harmony (ONE) has another ace up its sleeve. The formation of a substantial falling wedge on the weekly chart is a hallmark of a bullish trend reversal. Falling wedges are characterized by a series of lower highs and lower lows that eventually converge. Once the price breaks out from the upper trendline, it typically embarks on an upward journey. Trading Strategy: Navigating the Harmonious Journey For traders and investors, recognizing these patterns is paramount. Harmony (ONE) provides an opportunity to enter or add to positions when the price eventually breaks out from the wedge. However, always integrate this insight into your comprehensive trading strategy, which includes risk management and exit plans. Conclusion: Harmony's Melodious Move Harmony (ONE) is orchestrating a melodious move in the crypto space, blending a stealthy trendline retest with the formation of a powerful falling wedge. This harmonic combination provides a potential setup for bullish price action in the coming weeks. 🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis ❗See related ideas below❗ Share your thoughts and insights on Harmony's subtle yet promising chart formations.💚🌐💚
Long
by Yaroslav_Krasko
Doordash Bottom Formed, Strengthens idea to go LongHi guys! Welcome to an analysis on macro developments of Doordash (DASH). With the markets doing what they've been doing this year, we have to ask, " Will the % gains come to stocks that are still many many % down from their tops"? Or are some stocks just doomed to fizzle out and take time to re-build/ grow? Well, if we are in a Bull market, which i personally think we are... Assets with Solid Market Structure & Technicals will also be included into the liquidity being injected into the markets. Taking a glance under the hood with DASH, i can see some promising developments playing out. Making me consider DASH as a Long play. This analysis is strictly on Technicals and is on the 1 Week timeframe to get a big picture view. From the Lows of Doordash we ended up forming a Ascending Triangle Pattern. We ended up with a clean break, followed by 3 weeks of testing supporting at the breakout point, the flat trendline. Ascending triangles are usually Continuation patterns. BUT at market bottoms, it can act as a Bottoming pattern. The breakout of the Ascending Triangle allowed us to break resistance at the time, now turned SUPPORT. We hit our measured move of the Ascending Triangle, to the T. We ended up retracing back to the Resistance turned "Support Zone (Green rectangle). We tested support for 2 weeks, followed by the print of a Bullish Engulfing Candle (last week) which confirmed our Support here. The reason to go long here is of 2 folds: 1. The presence of a bottoming pattern, the Ascending triangle in this case. 2. The confirmation of MAJOR SUpport at this "Support Zone". These 2 things enhance our chances of price gains to the "MAJOR RESISTANCE" line. This would be a Major area to take profits. ALong with these, my MOmentum indicators are showing potential for BULLISH momentum to come in. STOCH RSI is crossing Bullish, once it moves ABOVE the 20 level. This will indicate Positive momentum to come into this asset. ALong with MACD, last week printed a Dark Green histogram. This shows strengthening of Bullish momentum. We are also ABOVE the 0 level, as long as we stay above with a BUllish cross, probabilities of further Price Gains are likely. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on DASH in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
DLong
by SafofAllTrades