IDFC-Bullish swing- Will history repeats?
02.09.2024
Buy- Above 115
Target- 119.5
Stop Loss-109.5
Risk Reward- 1:1
1.Breakout-Inside bar breakout
2.Trend- After very good uptrend price is under
downward range channel with frequent LH & LL formations.
3. key level- Price has bounced from horizontal support zone by
formation of triple bottom and
also from channel support level.
4.Volume- Good increasing volumes with above average level
5. EMA- W Patter breakout expected in narrow
view and Bullish flag in broad view(Different time frame)
6. Fair value gap rejection and price crossed 50% level in channel.
Bullishpattern
buy bitcoin nowwwwww!!!!!!!!!!!!!!!look at chart we are in a broad bear channel , and we had a perfect test (BO point)
and every time we fall below a low we pulls back ... so what do you think? this is third push down so its wedge bottom
its all ready to going to moon........
now its best time to buy
AAVE ANALYSIS (weekly analysis)🔮 #AAVE Analysis 💰💰
🌟🚀 There is a complete formation of Cup and Handle Pattern in #AAVE. We are just waiting for a perfect breakout. If #AAVE breakout with good volume then we will see a very good bullish move.🚀🚀
🔖 Current Price: $129.70
⏳ Target Price: $200
⁉️ What to do?
- We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #AAVE. 🚀💸
#AAVE #Cryptocurrency #DYOR
Unlock Winning Strategies: Spot High-Probability Trades!Chart Analysis: XAU/USD (Gold Spot vs. USD)
Based on the two charts you have provided, here is a detailed technical analysis of XAU/USD using price action and chart pattern observations:
1. Weekly Flag Trendline (Higher Time Frame Context)
The upper and lower yellow trendlines represent a possible flag pattern on the weekly chart. This suggests a consolidation phase after a strong impulsive move. A flag pattern typically signals a continuation of the previous trend, which, if the context is bullish, indicates that after consolidation, there may be a continuation to the upside.
On both charts, we can observe that price action is contained within this broader structure, indicating that price is in a correction phase rather than an impulsive phase.
2. Key Horizontal Levels
2,532.144 and 2,506.245: These levels act as strong resistance zones. The price has struggled to break above these levels multiple times, indicating significant selling pressure or profit-taking at these points.
2,471.313: This is a key support level. The price has reacted to this level before and, most recently, has bounced back after testing this support zone. This suggests that buyers are willing to step in at this level, providing a floor for the price.
3. Descending Channel and Price Action Patterns
Descending Triangle/Channel Pattern: On the 15-minute chart, the price seems to be forming a descending triangle pattern (lower highs and a flat support at 2,471.313). This pattern is typically bearish, suggesting a potential breakdown if the support does not hold.
Potential Reversal Patterns: After testing the lower trendline of the weekly flag pattern and finding support at the 2,471.313 level, there was a notable bullish reaction. This can imply a short-term reversal, especially if confirmed by a break above the minor resistance level of 2,494.370.
4. Consolidation Zone and Lower Time Frame Patterns
The 15-minute chart shows a clear consolidation pattern after the sharp decline, with price action currently moving sideways between 2,494 and 2,506. A break above this consolidation range could signal a short-term bullish continuation towards the upper resistance levels, while a break below would imply a continuation of the bearish trend observed previously.
5. Breakout and Pullback Zones
The yellow dotted lines on the 15-minute chart indicate key areas where the price broke out from consolidation phases. These areas are crucial for identifying potential entry points in a trending market. If the price retests these zones and finds resistance or support, they could act as triggers for either continuation or reversal trades.
Trading Strategy Considerations
Bullish Bias: Traders with a bullish bias might consider waiting for a breakout above the 2,506.245 resistance, looking for a confirmation with a pullback to this level as support. The target could be the upper boundary of the flag around 2,532.144 or higher, depending on momentum and broader market conditions.
Bearish Bias: A trader with a bearish outlook might wait for the price to break below the 2,471.313 support level, looking for short positions targeting lower levels aligned with the descending channel's trajectory.
Range Trading: Given the current consolidation between 2,494.370 and 2,506.245, range traders could look for entries at the edges of this range with tight stops and defined profit targets within the range.
Conclusion
Given the price action analysis and current chart patterns, the XAU/USD market appears to be in a consolidation phase within a broader flag pattern. This suggests that while the immediate outlook may be neutral to bearish, there is potential for a bullish breakout if key resistance levels are breached. Traders should watch for confirmed breakouts or breakdowns from these levels to guide their trading decisions, keeping in mind the broader market trend and any fundamental drivers influencing gold prices.
Ethereum Long-Term Outlook: Bullish Breakout PotentialThis chart of Ethereum (ETH/USD) on the weekly timeframe indicates a significant bullish potential in the medium to long term. The price action appears to be consolidating within a symmetrical triangle pattern that began forming in early 2022. Typically, symmetrical triangles are neutral patterns, but given the prevailing bullish trend leading into this formation, a bullish breakout seems more probable.
Key Observations:
1. Symmetrical Triangle Pattern: The price has been making higher lows and lower highs, indicating a compression that is characteristic of a symmetrical triangle. A breakout is anticipated, which could result in a strong upward move.
2. Volume Profile Support: The volume profile to the right shows significant accumulation in the current price range, suggesting strong support and potential for an explosive move once the price breaks out of the triangle.
3. RSI Bullish Signals: The Relative Strength Index (RSI) is also showing bullish signals, bouncing from the oversold territory multiple times. Each time, the RSI remains above the key level, indicating sustained buying pressure even during pullbacks.
4. Previous Major Resistance Levels: The yellow trendline above marks the previous high, which will act as a strong resistance level. A break above this level could propel Ethereum towards the upper resistance channel, potentially aiming for the $13,000 range, which is aligned with historical resistance and the projection from the triangle’s height.
Prediction:
If Ethereum can maintain support within the triangle and break above the upper trendline, we could see a sharp move towards the $13,000 to $13,500 range. This would represent a substantial gain from current levels and could be the beginning of a new major bullish cycle. However, traders should watch for volume confirmation on the breakout and be cautious of potential false breakouts.
Disclaimer: This is not financial advice, and all trades should be made based on your own analysis and risk tolerance.
Radico Khaitan-Bullish-Will this beverage stock takes rally now? NSE:RADICO
25.08.2024
Buy- 1845
Target-2002
Stop Loss-1739
Risk Reward- 1:1.5
1.Breakout- Parallel resistance breakout. Biggest green candle in last 8 months
2.Trend- Consolidation(Sideways) from 8 months.
3.KeyLevel- At resistance
4.Volume- Volumes increasing in bullish & good volumes in breakout candle
5. EMA- Above 21 & 50 EMA. 200 EMA Rejection
6. RSI-Bullish divergence found
7. Chart Petter- W Pattern formation. Expected to give good breakout
BAJAJ FINANCE Bullish PatternBajaj finance
weekly Breakout
buying level 7440
target as show in chart
stoploss follow
Nifty 50 - NO MORE Corrections until 2028 (Minimum)Nifty - Quarterly Chart
To all those "Useless" Media Channels & TV Analysts who are trying to Panic retailers scaring them about a Major Correction / Crash in Nifty - everytime Nifty hits a new ATH - Here are detailed evidences to Debunk your "Bed-time" Stories
Don't waste our time giving the same reasons of Over-Heated RSI, Over-Valued Stocks and all the more the Stupid Rate Cuts from the Fed
1. To begin with - Fed has been delaying rate cuts over and over and over - and nothing happened to the market and it keeps increasing up. No one really cares about Rate cuts or not. May be on the Day of announcement - there will be a Minor Blip and that's all - Maximum - an "One-Night Stand" and nothing else
2. As per the Nifty Quarterly Chart - since 1990 till now - there has been only 2 major corrections
1. During 2007 Financial Crisis - RSI was overheated to 86.85 on Quarterly. But Remember - RSI was over 75 from Oct 2005 till Oct 2007. If RSI is supposed to work - then why was there NO corrections until Oct 2007 ? None of you will have an answer.... and Market Fell because of Financial Crisis - NOT because of RSI - will you atleast learn now ?
From Oct 2007 to Jan 2009 - Market corrected 52% and RSI fell 43% (This was the Only time in the 34 year history where Market fall was more than RSI fall)
2. Between Jan 2015 to Apr 2016 - Market Fell -9% and RSI fell -14% when the so called Overheated RSI fell from 77 levels
3. Between Dec 2019 to Apr 2020 - Market fell -30% and RSI fell -41%. And again its NOT because of the Over-Rated RSI indicator getting Over Heated, but rather due to Covid
4. Between Jan 2022 to Jul 2022 - Market Fell -11% and RSI fell -14%. And again you need to learn that this was not because of Over Heated RSI, but rather due to Russian War
Hope this sets the clarity on how Market corrects. So, Don't blindly believe on anyone giving False Panic Alarm. They don't know anything about how market functions. Just because they use some Jargons which you don't understand does not mean they know more than you. They only know how to confuse you - nothing more than that
As per the LIFE-LONG Parallel Channel - we are right in middle there is 2x Room left to Grow. The next time we will hit the Top of the Parallel Channel is approx Apr 2028 - reaching 51,300 levels in Nifty - By then - I will be Open to listening a Correction
If you want to learn Market - Spend Time Analyzing - Not GOSSIPING....
UJJIVAN SFB LONGUJJIVAN SFB looks to be taking a support and might revert back to 60 levels where it used to trade, this would probably be done when interest rates are reduced which are not far now as we know. Once the stock reaches back to 60 levels, it would have completed a cup and handle pattern which upon breakout could possibly lead to larger targets!!
There will be more bull season? #Bitcoin 3M chart#Bitcoin 3M chart;
Bitcoin chart in its simplest and broadest form. 3 months.
What do you see?
Let me make my own interpretation first, then share your thoughts.
In 2022, it went to the IMB region, took its support and made its current peak.
The breakout was MSS because it closed above it while doing so. This is an uptrend signal.
And again it visited the IMB zone for support.
This candle is a June candle, so the next candle opening will be in October.
I hope this is clear enough for those who say there will be no more bulls.
RDNT ANALYSIS🔮 #RDNT Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #RDNT. It's a daily time frame breakout and there is an instant resistance zone if the price closes above the resistance zone then we would see a bullish pricemovement. Also a perfect retest is done. 📈📈
💸Current Price -- $0.0844
📈Target Price -- $0.2000
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#RDNT #Cryptocurrency #Breakout #DYOR
SWING IDEA - PFSStock NSE:PFS has had a MACD crossover in the weekly timeframe. This could indicate the stock to start going up in the coming weeks.
Although keep note of the Market sentiments this week, as it could impact this stock's movement too.
If all is well, this could go up all the way until its Swing High levels too.
$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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Dogsusd bullish ?Dogsusdt forming the descending traingle breakout of this pattern could pump the price of dogs and important thing to see is after the breakout it could create H-H or not if not then post probably it can dump.
TP is not given because it have the potential to do 5x from present price
DYOR!!
HOPE YOU FIND THIS INFORMATIVE,
DO LIKE AND FOLLOW FOR MORE SUCH UPDATE 🙂
4HR Inverse H&S Weekly - 3 weeks ago made a very large liquidity wick followed by a bullish
Bullish Engulfing candle. This is a good indication that price is changing
direction and will push to the upside.
Daily - Bullish M on the daily Price came back to my daily zone correctly which is a sign that
Bearish momentum is slowing down.
4HR - Inverse Head and Shoulder on the 4HR, I have placed my limit
FLOKI ANALYSIS🔮 #FLOKI Analysis - Breakout 🚀🚀
💲💲 There is a breakout of Falling Wedge Pattern in #FLOKI. It's a daily time frame breakout and we will see more higher price in long-term. After a successful retest, we could see proper a rally 📈📈
💸Current Price -- $0.0001481
📈Target Price -- $0.0003000
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#FLOKI #Cryptocurrency #Breakout #DYOR
Nas100 End of AugustHello there!
Small Range last week, roughly 500 ticks.
Notes - Bullish cycle
1. Closed the 4hr gap created at the end of July 24.
2. We tapped into a 4hr bearish fvg and aggressively moved away.
What i see for this week :
- possible bearish play due to all the liquidity(FVG) resting below.
- We have eql highs created last Friday
- 4hr market shift in progress, lets wait to see where price shows its hand.
Short term targets is pdh or pdl
XAU/USD Strategy: Pattern Recognition and Trade ExecutionComprehensive Market Breakdown for XAU/USD (Gold Spot) Based on Multi-Time Frame Analysis
Overview:
The analysis of XAU/USD across multiple time frames (15-minute, 30-minute, 1-hour, and 4-hour) indicates a complex market structure with both bullish and bearish signals. This detailed breakdown will provide insights into the current market conditions, key patterns to watch, potential trading strategies, and risk management considerations.
1. 15-Minute Time Frame: Symmetrical Triangle Pattern
Pattern Details:
Symmetrical Triangle: This pattern is characterized by converging trend lines connecting lower highs and higher lows, indicating indecision in the market.
Apex Proximity: The price is nearing the apex of the triangle, suggesting a potential breakout is imminent.
Implications:
Neutral Bias: The symmetrical triangle does not inherently suggest a bullish or bearish bias but indicates a potential breakout in either direction depending on market sentiment.
Volume Confirmation: A breakout with a significant surge in volume will confirm the direction of the move.
Trading Strategy:
Bullish Breakout: If the price breaks above the upper trendline with strong volume, consider entering long positions targeting previous resistance levels.
Bearish Breakout: Conversely, if the price breaks below the lower trendline with increased volume, consider short positions targeting previous support levels.
Stop-Loss Placement: Place stops just outside the opposite side of the breakout point to mitigate risks from false breakouts.
2. 30-Minute Time Frame: Mixed Channels (Descending and Ascending)
Patterns Observed:
Descending Channels: Suggest bearish continuation if in a downtrend or a potential reversal if broken to the upside.
Ascending Channels: Suggest bullish continuation if in an uptrend but signal a potential reversal if broken to the downside.
Market Implications:
Corrective Phase: The presence of both descending and ascending channels indicates the market is in a corrective phase, oscillating between support and resistance levels.
Range-Bound Trading: Until a significant breakout occurs, the market is likely to remain range-bound.
Trading Strategy:
Range Trading: Consider buying at the lower boundaries of the channels and selling at the upper boundaries.
Breakout Preparation: Prepare for a potential breakout by setting alerts around key levels (upper and lower boundaries of the channels).
Stop-Loss Placement: Place stops just outside the channels to protect against unexpected breakouts.
3. 1-Hour Time Frame: Rising Wedge Pattern
Pattern Details:
Rising Wedge: This pattern is characterized by higher highs and higher lows within a narrowing upward slope, typically a bearish reversal pattern.
Implications:
Bearish Reversal: The rising wedge suggests that upward momentum is weakening, and a potential breakdown could follow.
Reversal Zone: The price is near the upper boundary of the wedge, which may serve as a reversal zone, especially if a breakout to the downside occurs on high volume.
Trading Strategy:
Short Entry on Breakdown: Enter short positions if the price breaks below the lower trendline of the wedge with confirming volume.
Target Levels: Target the lower boundary of the larger ascending channel or previous support levels as take-profit points.
Stop-Loss Placement: Set stops above the most recent high within the wedge to protect against false breakouts.
4. 4-Hour Time Frame: Broader Rising Channel and Nested Patterns
Patterns Observed:
Broad Rising Channel: Indicates a larger uptrend is intact, providing a bullish bias.
Nested Descending Channels: Smaller corrective patterns within the broader uptrend suggest temporary pauses or consolidation phases before potential continuation moves.
Key Levels to Watch:
Resistance at 2,540: A break above this level would suggest a bullish continuation and potential for new highs.
Support at 2,470: A break below this level would indicate a significant shift in market sentiment towards bearishness.
Market Implications:
Potential Continuation or Reversal: The larger rising channel gives more weight to potential continuation moves, but the presence of smaller corrective patterns within suggests caution.
Echo Phase: The nested descending channel could represent an echo phase, a corrective move within the larger uptrend.
Trading Strategy:
Long Positions on Break Above 2,540: Enter long positions if the price breaks above this resistance level with confirming volume.
Short Positions on Break Below 2,470: Consider short positions if the price breaks below this support level with increased volume.
Volume Confirmation: Ensure any breakout is confirmed with a surge in volume to avoid false signals.
Risk Management: Use wider stops given the higher time frame context to avoid being stopped out by market noise.
5. Synthesis of Multi-Time Frame Analysis:
Confluence of Patterns: The alignment of rising wedges, symmetrical triangles, and mixed channels across multiple time frames suggests a market at a critical juncture. The presence of both bullish and bearish signals indicates that the market is poised for a decisive move.
Key Takeaways for Traders:
Patience and Discipline: Wait for confirmed breakouts with volume before entering trades. Do not rush into trades without sufficient confirmation.
Adaptability: Be prepared to adapt strategies based on the direction of the breakout or breakdown. Use alerts and monitor key levels closely.
Focus on Higher Time Frame Signals: Higher time frame signals carry more weight and should be given priority when making trading decisions.
Risk Management: Employ tight stops and carefully manage position sizes to limit exposure in case of adverse market movements.
6. Final Recommendations:
Potential Bullish Scenario:
Watch for a break above 2,540 on strong volume across multiple time frames. A confirmed breakout could lead to a bullish continuation towards new highs.
Potential Bearish Scenario:
Monitor for a breakdown below 2,470, especially if supported by a break of the rising wedge and descending channel patterns. A breakdown here would signal a shift to a bearish trend.
By combining these insights with real-time monitoring of market conditions, traders can enhance their decision-making process and capitalize on high-probability trade setups in the XAU/USD market.
ETH Accumulating possible breakout (Very Bullish) Ethereum is still in the liquidity zone, but there is good news, first of all is that it has stayed in that zone for several days accumulating. Second, ETH has shown a lot of strength over the last 3 days, reaching up to $3,700. And the best part, as you may have seen in my Bitcoin analysis, is that the price is close to making a strong bullish move. This suggests that ETH and other coins will also gain strength and move in a bullish direction.
The key for Ethereum is to wait for it to break out of this downward channel. I believe it has been following a bearish sequence for a long time, but these last few days have been very positive as Bitcoin starts to gain momentum, and we are also seeing ETH begin to gather volume and buying pressure.
We will be keeping a close eye on the market in the coming days.
Thank you for following and supporting my analysis; we have been predicting every price movement according to a positive forecast.
Best regards.
Bitcoin respecting the 2 key moves very well ! This week, the price performed very well according to the analysis we did last week. The two key levels have been taking a very positive effect for Bitcoin's next surge. As we can see in the chart, Bitcoin broke through our inefficiency zone with great strength, creating a volumetric bullish candle. This is a very positive pattern, as in the last two days, it has remained in the key confirmation zone which I mentioned in my last Bitcoin analysis.
As we can see, Bitcoin is still in a range, but it is recovering little by little. The best part is that Bitcoin is following the exact movement we have been predicting since we started this analysis several weeks ago.
Looking at volume, buying pressure, and the overall structure, starting Monday, we could see Bitcoin make a strong bullish move. But note this: the price has not yet broken through my confirmation zone #2 or the green zone, so it could stay there for a few days before we see a strong upward trend.
Best regards, and thank you for supporting my analysis, we are doing very well!
$PLTR - Bullish Cup and Handle Pattern on the Weekly ChartNYSE:PLTR Hello everyone! I've been analyzing the weekly chart and noticed a bullish cup and handle pattern that I think is worth sharing with you. This pattern suggests a potential price target of $130 for next year if it follows through as expected. I find this pattern quite interesting and will keep a close eye on it for potential trading opportunities.
BTC - FINALLY - Bullish BREAKOUT? For the last few months, I've been preaching patience as we saw a multi-month correction play out, all as a part of the bigger-picture Elliot Wave playout.
The charts are looking positive after some bullish action started showing up from yesterday.
I'd be ready to say the corrective phase is finally over and we're starting the new impulse wave up IF Bitcoin can keep above this support level highlighted on the chart, around $63k.
This would validate a successful Flag-Breakout / Pennant breakout pattern.
However, if we close a daily UNDER this key support zone - it's likely that we're not there just yet. I'm still of the opinion we'll be on our way towards a new ATH close to December, as BTC loves Decembers historically.
______________________________
BINANCE:BTCUSDT
Coal India bullish swing expectedCoal India is a potential stock which can breakout & can give a good move. Its trading at its resistance on daily time frame.
If breaks resistance then min expectation will be 600.
its a under valued stock having a P.E 8.97 so can be preffered for long term investment also.
Disclaimer: Any of my posts should not be considered as a Buy/ Sell/Hold recommendation. This analysis is for educational and learning purpose only.
I always recommend using Stop Loss and following risk management rules.
