SWING IDEA - TV18BRDCSTNSE:TV18BRDCST is looking good currently on the weekly charts. The stock is currently trying to break out of the Support/Resistance zone of 48. Weekly closings above this levels could take the stock further upward.
MACD also made a cross nearly after the Convergence Divergence that has occurred in March 23.
Technically stock is showing some good hopes and can try to revisit its Swing High levels again.
If market conditions favor, this trade could get completed sooner than expected.
Buyopportunity
SWING TUTORIAL - RALLISIn this tutorial, we analyzes the reversal of NSE:RALLIS 's 50% decline, identifying key technical indicators that signaled a buying opportunity. We'll explore how to recognize bullish momentum and optimal entry points using chart analysis.
NSE:RALLIS reached its all-time high at 362 before experiencing a significant downturn. However, the stock began forming support levels near 200 in June 2022 and retested this level again in May 2023.
Key Observations:
1. Support Levels: The stock consistently found support at ₹200, indicating a potential reversal.
2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure.
3. MACD Crossover: The successful crossover in June 2023 confirmed the bullish trend, creating an entry opportunity.
Trading Strategy and Results:
Based on this analysis, our entry point was established at the MACD crossover. The stock subsequently rose to its swing high levels, yielding approximately 85% returns in just 57 weeks.
Note: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing support levels, MACD movements, and consolidation patterns, traders can pinpoint potential entry points.
Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
NZDUSD ready to go up after failing to make new lows?NZD/USD has experienced a decline of 5.12% since 27 September, establishing a bearish trend line on the 4-hour chart. However, on 10 October, the pair began to break out of this bearish trend line, signalling a potential pause in the prevailing bearish momentum.
On 15 October, NZD/USD retraced, forming a double bottom pattern on the 4-hour chart. Notably, the price was unable to breach the previous support level of 0.6050, suggesting stabilisation in the market.
The Relative Strength Index (RSI) indicated a value of 21.06 on 24 September. By 15 October, the RSI had risen to 34.10, demonstrating higher lows in the RSI while the price made lower lows — a condition that characterises classical bullish divergence.
CPI Data and Its Impact
From a macroeconomic perspective, the release of the Consumer Price Index (CPI) data came in lower than expected (0.6% actual versus 0.7% forecast), which tends to be negative for the NZD and that is what caused the downward movement on October 15th. However, since the price failed to break below the previous low, this shows that the selling force is currently showing signs of exhaustion.
Key Elements to Consider:
1. Significant downward movement since 27 September, resulting in a depreciation of over 5% in NZD/USD.
2. RSI reading below 30 on 10 October, suggesting exhaustion of the selling momentum.
3. Breakout from the downtrend line on the 4-hour chart.
4. Formation of a double bottom pattern on the 4-hour chart.
5. Classical bullish divergence is observed on the 4-hour chart.
Potential for Ascendancy
Given the above elements, if NZD/USD manages to surpass the 0.6090 level, it is likely that the currency pair will ascend towards the 0.6160 region within the coming days, where it may face temporary resistance.
A Bullish Turn on the Horizon?
In conclusion, while recent indicators and patterns suggest a potential bullish reversal for NZD/USD, traders should remain cautious of external factors that may influence market dynamics. As always, close monitoring of price action and macroeconomic developments will be key in navigating this trading opportunity.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
SWING IDEA - MANAKSTEELNSE:MANAKSTEEL 's stock price has been consolidating around the 50 resistance level for approximately two years. Following multiple tests, the stock finally broke out above this level in January 2024 and has since established it as a key support.
The stock subsequently surged to a peak of 107, representing a 114% increase. However, it then experienced a sharp correction, plummeting 50% to revisit the 50 support level. This pivotal point, formerly a resistance, has now become a robust support.
Currently, MANAKSTEEL is exhibiting an upward momentum, poised to retest its swing high at 107. The weekly MACD crossover, occurring after the establishment of support at 50, indicates a bullish trend reversal.
KEY OBSERVATIONS:
- Two-year resistance level of 50 broken in January 2024
- Stock surged 114% to 107 before correcting 50%
- 50 level now serves as robust support
- Weekly MACD crossover indicates bullish momentum
- Upward momentum poised to retest swing high at 107
RECOMMENDATION:
Based on this technical analysis, I would recommend holding MANAKSTEEL for a Long Term horizon. This could potentially yield:
- 50% returns from the current price (as of writing)
- 99% returns from the support point (50)
This analysis highlights a compelling buying opportunity in MANAKSTEEL, driven by its breakout and momentum reversal.
IMPORTANT NOTE: Investors should be aware of an unfilled gap between 60 and 60.25, which remains open. There is a possibility that the stock may revisit this level in the near future before resuming its upward momentum towards the swing high at 107. 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.
GODREJAGROStock that has broken out and now it has retested the broken levels. It is set for a an upward momentum. You can buy now with a Stop loss of 690
SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! NASDAQ:SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND!
Everything is FINALLY looking on track for NASDAQ:SOFI stock! See analysis below and my Symmetrical Triangle Breakout trade details at the bottom of the post! Not Financial Advice.
STOCHASTIC UPTREND
MACD UPTREND & BREAKOUT OVER ZERO LINE
RSI UPTREND
STOCK PRICE UPTREND
SYMMETRICAL TRIANGLE BREAKOUT
- MEASURED TRIANGLE: 727 BARS
- BREAKOUT MOVE 727 BARS HIGHER
(86.87%) $15.63
- TAKE PROFITS: TOP OF THE TRIANGLE
(39.78%) $11.70
- STOP-LOSS BELOW MA's AND VOLUME SHELF
2.5 RISK TO REWARD (15.89%) $7.04
SWING TUTORIAL - PODDARMENTIn this tutorial, we analyzes the reversal of NSE:PODDARMENT 's 50% decline, identifying key technical indicators that signaled a buying opportunity. We'll explore how to recognize bullish momentum and optimal entry points using chart analysis.
NSE:PODDARMENT reached its all-time high before experiencing a significant downturn. However, the stock began forming support levels at 250 in June 2023 and repeatedly retested this level until June 2024.
Key Observations:
1. Support Levels: The stock consistently found support at ₹250, indicating a potential reversal.
2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure.
3. Consolidation: Price action demonstrated a consolidation phase, forming a strong support zone.
4. MACD Crossover: The successful crossover in June 2024 confirmed the bullish trend, creating an entry opportunity.
Trading Strategy and Results:
Based on this analysis, our entry point was established at the MACD crossover. The stock subsequently rose to its swing high levels, yielding approximately 67% returns.
Note: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing support levels, MACD movements, and consolidation patterns, traders can pinpoint potential entry points.
Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
SWING IDEA - OLECTRANSE:OLECTRA Greentech Ltd. has garnered significant interest recently, following the Government of India's announcement of an incentive scheme for electric vehicles (EVs). This development has positively impacted the stock's performance.
Key Observations:
1. Resistance Turned Support: The ₹1640 level, previously a resistance point, has been successfully retested and converted into support (June retest). The stock has since maintained an upward trajectory.
2. MACD Crossover: A bullish MACD crossover is imminent on the weekly chart, indicating building momentum.
3. Swing High Target: A successful crossover could propel the stock towards its previous swing high levels in the coming weeks.
Recommendation:
If the MACD crossover materializes, it could signal a continuation of the upward trend. Investors should monitor the market conditions closely to ensure the trade setup aligns with the anticipated plan.
Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Please conduct thorough research and consult with a financial advisor before making any investment decisions.
Buying OpportunityBreak and retest for Continuation Trade, Just wait for a Valid Retest with Conformation for Better Risk Management
Very Good buying Area in ENSUSDT to make atleast 15%
the pink zones are Monthly zones
and purple for weekly
i belive this weekly zone inside the monthly zone
is a very good price to but
and the price will ladder upwards from here
as you see my stoploss is under the weekly zone
if this zone breaks we are going down , if the price intend to go high
and ladder up it will use this zone so thats why we should but.
Good luck to all of you guys lets see what happens in next weeks.
LUFFYUSDT high potential pump is ahead The fundamental is perfect: team is trying to push Luffy back and soon we will have +300% pump ahead for start and after that more stable pump is coming and community is strong(checking it for couple of months now + 1% of luffy burned this week again).
The technical : we had some high volume activity these days and also the major reason which we can expect +1000% pump here is low Market cap and the best chart ever, soon red trendline will break to the upside with high volume and then maybe retest and hitting targets are ahead.
DISCLAIMER: ((trade based on your own decision))
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SWING IDEA - DISHTVNSE:DISHTV appears to be forming a Flag Pattern on its weekly chart, indicating potential upside momentum. Despite Monday's market downturn, the pattern has demonstrated resilience, maintaining support levels.
If the pattern holds, we can anticipate a continuation of the upward trend, targeting Swing High levels. This bullish outlook is further reinforced by the company's recent partnership with SEI ROBOTICS to launch the innovative 'DISH TV SMART+ BOX', integrating TV and OTT capabilities across devices.
Key takeaways:
- Flag Pattern formation on weekly chart
- Strong support levels despite market volatility
- Potential upside momentum towards Swing High levels
- Positive news catalyst: Partnership with SEI ROBOTICS for SMART+ BOX launch
Recommendation:
Investors and traders should monitor DISHTV's price action closely, as a breakout above the Flag Pattern's Support levels could trigger a significant move. We maintain a bullish stance, anticipating a potential revisit of Swing High levels in the near term.
Disclaimer: This analysis is for informational purposes only and should not be considered as investment advice. Please conduct thorough research and consult with a financial advisor before making any investment decisions.
Sellers unable to push USDCHF below 0.84; possible upward move?The U.S. dollar to Swiss franc currency pair (USD/CHF) had been trading sideways above a key support level on the daily chart, marking the lowest price since 2015. In addition, a double bottom pattern has formed, signaling that sellers have been unable to continue pushing the price below 0.8400.
On Friday, Oct. 4, the USDCHF broke out of its sideways pattern on the daily chart, indicating potential buying momentum. A possible upward movement could take the price to the 0.8800 level in a few days.
Hot US jobs report, lower-than-expected unemployment favours the dollar
From a macroeconomic standpoint, Friday’s US nonfarm payroll (NFP) data came in well above expectations (254,000 actual vs. 147,000 forecast), pointing to a robust labor market with potential incoming growth over the coming months, which tends to favor the USD.
The NFP data also appears to have led markets to price out expectations of an outsized 50-basis-point interest rate by the Federal Reserve at its upcoming meeting — which could have led to more weakening in the US dollar.
The dollar has also benefited from safe-haven flows amidst rising tensions in the Middle East, with the IDF starting ground operations in Lebanon and Iran unleashing a large-scale ballistic missile attack on Israel for the second time.
Therefore, from a technical standpoint, we can observe the following:
USD/CHF at its lowest level since 2015.
Formation of a double bottom on the daily chart.
Sideways movement above support.
Friday's breakout indicating a potential uptick in buying activity.
From a macroeconomic standpoint, the following factors are in play:
NFP data surpassed expectations (254,000 actual vs. 147,000 forecast).
Unemployment rate came in lower than expected (4.1% actual vs. 4.2% forecast).
Together, these factors suggest that USD/CHF could appreciate, potentially reaching 0.8800 in the near term.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
SWING IDEA - VIPULORGBSE:VIPULORG is about to form a MACD Cross on the weekly charts. If the market favor this move and if it completes its crossover, the stock should easily be able to go all the way at least until its next Support/Resistance Zone.
Fundamentally speaking, the company has also started building its new Factory in Maharashtra. This could further add as a factor to get this moving in the upward direction.
AUD/CAD Buy Setup Awaiting Bullish TDI ConfirmationAUD/CAD monthly structure on the daily timeframe is currently displaying an OLHC pattern, which signals a potential buy setup.
We are awaiting a bullish TDI cross to confirm the presence of buyers in the market.
My target for this trade is set at 0.91063, which also corresponds to the monthly open on the daily timeframe. As always, exercise caution while trading.
If you find this analysis valuable, please consider supporting the post with a comment, like, and share.
Nas100 Buy Setup Pending Bullish TDI ConfirmationNasdaq 100 (Nas100) has begun September with a bearish trend, mirroring the OLHC structure observed last month. We are currently awaiting strong support on the daily timeframe to confirm a potential buy opportunity. Buyers are expected to enter the market once a bullish TDI cross appears on the daily chart . I have identified three targets for this setup:
- First Target: 18,160.95
- Second Target: 19,031.30
- Third Target: 19,445.56
Exercise extreme caution and wait for clear signals before making any moves. Patience is key.
If you find this analysis helpful, kindly like, share, and leave a comment.
GBP/JPY Buy Setup Awaiting Bullish TDI SignalGBP/JPY OLHC buy structure forming for September on the daily timeframe. Awaiting a buy signal once the TDI crosses bullish on the daily chart. My target is 191.750 , which aligns with the Monthly Open.
Please support this idea with a like, comment, and share.
SWING IDEA - SONATSOFTWNSE:SONATSOFTW is currently about to have a MACD crossover in the weekly charts. While it took a massive drop after the last Earning report, it has been slowly, yet steadily trying to go back up again to the same levels.
We can expect the stock to start going upward once the MACD has made a successful crossover.
Try and take entries only after the MACD completes its crossover or based on your Risk Appetite & Management.
GBPJPY - ContinuationGBPJPY . Potential continuation from the previous analysis.
We believe that GBPJPY will continue to the upside if it manages to break 193.290 .
KEY NOTES
- GBPJPY has fallen to our PBA.
- KL 192.00 was broken.
- Break above 193.290 would confirm higher highs.
Happy trading!
FxPocket
You can check our last analysis posted on GBPJPY for better understanding.
SWING TUTORIAL - TECHMIn this tutorial, we try to understand how and why the stock NSE:TECHM started going upward and how we can find the best entry while reading charts.
The stock had started forming a Support at 1000 levels at June 2022 and since been retesting the same level again up to April 2023.
During the same time we can observe how the MACD levels consistently kept moving upwards. This indicated that momentum was gaining and it slowly starting to turn bullish.
Once the MACD finally made a successful crossover after close to 52 weeks in April 2023, this is where our Entry got created.
Eventually slowly making its way right up to the Swing High levels.
This trade is still in play and will probably retest its Swing High levels in the coming weeks.
And if the MACD line and signal are still as split away from each other as they are on the monthly timeframe, this could also breakout from the Swing High levels and going all the way further.
What do you think about this Tutorial? Would you like to more such Tutorials in the future? Give your comments in the Comments Section below:
GBPJPYGBPJPY . Potential long opportunity.
We believe that GBPJPY will continue to the upside after coming down to our PBA (Pull Back Area). Our entry is sitting at the pullback area at 190.402 . We are looking for breaks of 193.289 and 195.862 which would confirm our target 197.500 where our TP is sitting at. Our SL is sitting at 188.127 and if broken, it would result in deeper pullbacks which would not be out of the ordinary based on a weekly timeframe.
PARAMETERS
- Entry: 190.402
- SL: 188.127
- TP: 197.500
KEY NOTES
- GBPJPY has fallen to our PBA.
- Break above 193.289 and 195.862 would confirm higher highs.
- Break below our SL would result in deeper pullbacks.
Happy trading!
FxPocket
SPX 6000Can't believe I missed this buy signal on the fib, super high vol buyback.
The doomsday retracement is going to be the election cycle bull run.
Let's see how this plays out.
SWING IDEA - REDINGTON LTDA potential swing trade opportunity in Redington Ltd , a leading distributor of technology products and supply chain solutions.
Reasons are listed below :
The stock has broken above a significant resistance zone of 180-190, and it has successfully retested this level, indicating potential upward momentum.
Redington Ltd recently broke out of an ascending triangle pattern, suggesting a bullish continuation pattern.
A hammer candlestick has formed on the weekly timeframe, indicating potential bullish reversal sentiment among traders.
The stock found support at the 0.382 Fibonacci level, adding further confirmation to the bullish outlook.
Redington Ltd has broken out of a 3-year consolidation phase, signaling a potential shift in long-term trend direction.
The stock has been forming constant higher highs, indicating a consistent uptrend.
Redington Ltd is currently trading above both the 50 and 200 EMA on the weekly timeframe, suggesting sustained bullish momentum.
Increased trading volumes have accompanied the recent price movements, validating the strength of the breakout.
Target - 242 // 288
StopLoss - weekly close below 187
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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.
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