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GARDEN REACH SHIP&ENG LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:GRSE
by zenthosh
BANK NIFTY S/R for 30/12/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:BANKNIFTY
by zenthosh
Next Week We Will See Big Waterfall In EUR/USD.The EUR/USD pair is trading within a downward trend, confined within a parallel channel on the 4-hour chart. The channel's strong inclined resistance and support lines have been dictating the price action. (Current Market Scenario) The pair has reached the resistance line of the channel and has experienced a reversal, indicating a potential move towards the support line. (Technical Indicators Also Support Sell Opportunity) The 50 Exponential Moving Average (EMA) and 100 EMA are currently in a bearish crossover. The 50 EMA (red line) is below the 100 EMA (blue line), indicating a sell opportunity. This bearish crossover, combined with the reversal from the resistance line, strengthens the case for a potential downward move. Trading Plan: Sell Entry: 1.04200 Stop Loss: 1.04800 Target Prices: 1. TP1: 1.03700 2. TP2: 1.03200 3. TP3: 1.02700 Follow my professional profile to Get More Profitable Ideas.
Short
by Chart_Champ1
SENSEX S/R for 30/12/24Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
BSE:SENSEX
by zenthosh
$LAZR - Temptimg on the Hourly This stock reversed split recently to comply with Nasdaq listing requirements. It has been beaten down since November. The stock on the long is facing challenges but if we rely on technicals alone it seems that it is curling to an uptrend, Still needs confirmation thou. I feel optimistic although i jumped in a little bit early but with trend change & the 30% short interest i couldn't stay away to the levels below. I do currently have a position with a tight stop if it closes an hour below $5.55. The best entry level if it confirms a daily close above $6.4-$6.51 or if it retests $5.55 and keep a tight stop on the 2 hours chart below $5.55. This not a financial advice. Please do your own DD
NASDAQ:LAZRLong
by BUMISHO
GALA - please tell me I'm wrongLooking at the 1D chart it "appears" to me that GALA has made a nice impulse down from the high 0.08702 in March/24 to the low in August. Then did a nice ABC for a 2nd wave pullback up to the resistance area but not quite to the meridian line but still a perfect 85% retracement. So longterm it "looks" like GALA is in a wave 3 to the downside and I just make make a way to count this longterm positive. Can anyone show me a way? Please because I got a bunch of GALA in my hold bag. ha My thoughts, not financial advice Oklah. Cheers
Short
by wildboar8
ALGOUSDT.4HThe 4-hour chart for Algorand (ALGO) against Tether (USDT) illustrates a significant downtrend marked by lower highs, with the currency testing crucial support levels. The technical structure indicates potential further weakness unless a change in momentum is observed. Price Action and Trend: Algorand's price has been consistently forming lower highs, which is a classical indication of a bearish trend. This pattern is reinforced by the downward sloping resistance line, signaling sustained selling pressure. Key Technical Levels: Resistance Levels (R1): R1: $0.3439 - Acting as the current near-term resistance, marked by the recent peaks forming the descending trendline. Support Levels (S1): S1: $0.2842 - A key support level that has been tested multiple times. A break below this could lead to a sharper decline, potentially targeting lower historical support levels. Technical Indicators: MACD: The MACD line is below the signal line and close to crossing below the zero line, suggesting bearish momentum. The histogram also confirms the declining momentum, indicating potential further losses. RSI: Currently just below 50, hinting at a bearish bias but not yet in the oversold territory, which might provide room for further downward movement. Volume: Observing volume levels will be crucial. Increased volume on downward moves would confirm bearish sentiment, while decreasing volume could indicate a weakening of the current trend. Conclusion and Forecast: The technical setup for ALGO/USDT suggests that the bearish trend may continue, especially if the price fails to break above the descending trendline and sustain levels above R1. The market's focus should be on how the price reacts around the support level at $0.2842. Trading Strategy: Bearish Scenario: Traders might consider short positions if the price fails to break the resistance and subsequently breaches the support at $0.2842, with potential targets at lower support levels. Bullish Scenario: A bullish reversal could be considered if ALGO breaks and holds above the descending trendline, particularly if supported by an increase in buying volume. This could target R1 and potentially higher resistance levels. Summary: The ALGO/USDT pair is currently in a bearish configuration with potential for continuation unless there is a significant reversal in market dynamics. Close monitoring of the resistance breakout or support breach will be essential for the next directional moves.
by MarsSignals
Internet Computer $ICPOverview: FWB:ICP may be the best blockchain technology there is to date. We can thank (or hate) SBF for destroying this chart right out the gate, however the projects fundamentals, developments, and team have not stopped since day one. However, i do not think this bull cycle (unless extended) will be one where we see FWB:ICP 's value really shine. Not to say it wont 5-10X from where it currently is, but this is a 1-5 trillion dollar market cap project in the long term. Price Action: Realistically, I see FWB:ICP going as high as $80 in the mid term. We found a demand zone in the $3 area, and have now changed character. there are a few obsticales in the way of going past $80 this cycle including A bearish FVG, some major resisra some major restistance, and the supply zone at 80,. Take Profit Structure: Percentages represent growth of total initial investment at current price level. TP1 - 15% - at $24.14 TP2 - 20% - at $35.39 TP3 - 25% - at $53.58 TP4 - 30% - at $71.79 Will let the last 10% ride.
Long
by PriceActionJack
1
FTMUSDT.1DThe daily chart of Fantom (FTM) against Tether (USDT) showcases the asset's price movements and helps in identifying broader market trends. Price Action and Trend: FTM's price action on the daily chart indicates a series of ups and downs, with a notable uptrend supported by a rising trendline. This suggests a positive sentiment among traders, but the presence of sharp peaks indicates volatility. Key Technical Levels: Resistance Levels (R1, R2): R1: $1.2218 - The next significant resistance level, representing a recent peak that could challenge bullish momentum. R2: $1.4782 - The highest point reached in recent months, serving as a strong psychological barrier. Support Levels (S1, S2): S1: $0.5508 - A crucial support level that has seen multiple interactions, indicating a possible reversal zone. S2: $0.1642 - A much lower support, suggesting a significant fall if S1 fails to hold. Technical Indicators: MACD: The MACD is below the signal line, indicating bearish momentum. The negative histogram reinforces the potential for further downside. RSI: The RSI is approaching the midline at around 45, suggesting a neutral to slightly bearish sentiment. It indicates neither overbought nor oversold conditions, providing room for both upward and downward movements. Volume and Market Sentiment: Trading volume shows fluctuating interest, correlating with the price spikes and falls, which might indicate reactionary trading to price movements rather than a steady trend. Conclusion and Forecast: The analysis of FTM/USDT suggests cautious optimism but with readiness for potential volatility. The asset is currently navigating between key support and resistance levels, with a leaning towards testing lower supports due to the bearish signals from MACD. Trading Strategy: Bullish Scenario: A secure position above S1, followed by a push towards R1, could validate a bullish outlook. Traders might consider buying on dips near S1 with a stop-loss below this point. Bearish Scenario: A break below S1 could trigger a slide towards S2. In this case, short positions may be considered, with R1 serving as a stop-loss point for such trades. Summary: FTM/USDT exhibits a potential for both growth and significant pullbacks. Traders should keep a close eye on the mentioned technical levels and adjust their strategies based on confirmed movements above or below these critical points.
Long
by MarsSignals
Optimistic Outlook for H-BarH-Bar has successfully broken above the $0.29 resistance area and has also surpassed the wedge pattern, signaling a bullish breakout. Given the overwhelmingly positive news surrounding H-Bar, a deep correction seems unlikely, and it appears poised for rapid growth in the coming days. Similarly, Binance Coin is gearing up to test and potentially break the $203,000 resistance level, having held above $98,000 for the past two days. This indicates strong bullish momentum for BNB. However, due to lower trading volumes and shrinking order books, there’s a possibility of market makers or exchanges triggering shadow moves to collect stop losses. To mitigate risk, we’ve set a small stop loss for this position. Even if the stop loss is triggered, don’t lose sight of H-Bar’s potential. Look for another buying opportunity, as this valuable token could surpass $1 within the next month.
Long
by nic7071
4
With Major Liquidity Swept and RSI reset Bitcoin is now going UPIn the last few days, after achieving a new all-time high of $108,000, Bitcoin has experienced a massive dump, liquidating many retail traders using leverage. This market downturn was caused by several factors. First, Bitcoin was severely overbought and overdue for a correction. Second, Jerome Powell added to the market uncertainty by making strong anti-Bitcoin statements, dashing hopes of the U.S. adding BTC to its Federal Reserve reserves. As a result, the market saw a steep fall, with major altcoins such as SOL and DOGE dropping over 30%. The Main Question: What’s Next? Bitcoin is unlikely to go up from here in the immediate term. Instead, it may be better to position for a short targeting the $90-91K range. The market might remain bearish over the Christmas holidays, giving “holiday discount” vibes. It’s not a good idea to buy Bitcoin with leverage at this moment. Waiting until next Monday to reevaluate might be a safer option. Technical Analysis: As highlighted, Bitcoin has broken out of an ascending channel and dropped significantly. One of the key technical reasons for this is the overbought RSI. Major resistance is currently around $99.7K , while key support lies between $89.5K and $87.5K . A break below these levels could indicate a strong move in either direction. The most liquidity is around $92.2K , where Bitcoin is likely to gravitate before making an upward move. Additionally, RSI has hit a support level, which increases the possibility of a bounce from here. Outlook: After the holidays and once Bitcoin sweeps the lower liquidity levels, we could see an excellent buying opportunity . There is potential for BTC to reach $118K by the end of January . Moreover, Donald Trump’s inauguration could act as a catalyst to drive Bitcoin’s price higher once again.
Long
by LeoMessi_
1