Double Top or Bottom
20% roi posible
Zeal Aqua Limited (4H Chart Analysis)
Current Price: ₹12.90
Key Levels:
Support Zones: ₹12.21 | ₹10.21
Resistance Zones: ₹12.32 | ₹15.77 | ₹18.45
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Pattern Explanation:
Double Bottom Pattern:
Chart par ek double bottom formation dekhne ko mil raha hai, jo ek strong bullish reversal pattern hota hai. Price ne do baar lower support zone (₹10.21) ko test kiya aur wahan se reversal dikhaya.
Is pattern ka breakout ₹12.32 ke upar confirm hota hai.
Breakout ke baad price ₹15.77 aur ₹18.45 tak ja sakta hai.
Moving Average Crossover:
Price ne 200 EMA ko tod diya hai, jo ek aur bullish confirmation hai. Long-term resistance tod kar price uptrend mein jaa sakta hai.
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Trade Setup:
Entry: ₹12.32 ke upar breakout ke confirmation ke saath.
Stop Loss: ₹10.21 ke neeche.
Target 1: ₹15.77
Target 2: ₹18.45
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Volume Analysis:
Volume me gradual uptick dikh raha hai, jo breakout ke liye zaroori hai. Agar volume high rahe toh breakout sustainable hoga.
Risk-Reward:
Chart ka risk-reward ratio attractive hai. Stop loss tight rakhein aur targets logical levels par hain.
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Conclusion:
Ye setup short-to-medium term ke liye bullish hai. Double Bottom pattern aur 200 EMA breakout strong signals de rahe hain. Entry lene se pehle breakout confirm hone ka wait karein aur apna risk manage karein.
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Note: Ye analysis purely technical hai. Apni risk appetite aur market conditions ka dhyan rakhein!
Coherus BioSciences | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Coherus BioSciences
- Double Formation
* Support=0 | EMA 20 | Area DIsclosure | Subdivision 1
* Neckline | Pattern Alignment At 2.40
- Triple Formation
* Entry Bias Hypothesis | Entry Area | Subdivision 2
* Retracement | 0.5. 0.236 & 0
* Angle 1 | 3,4,5 Wave Template | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
Bullish XRP - XRP/BTC Chart - 1 Month Time FrameThere are 2 chart patterns coinciding on the XRP/BTC chart for the monthly time frame.
Pattern #1:
Falling Wedge pattern with a target of 0.00010612
Target = 398% Increase
Pattern #2:
Double Bottom pattern with target of 0.00007199
Target = 269% Increase
Note: This is very reliable trade since it's the monthly TF, but it could also take very long to play out. Expect XRP to catch up to Bitcoin in the coming weeks or months!
Neogen Corp | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Neogen Corp
- Double Formation
* A+ Set Up | Short Bias Sentiment | Subdivision 1
* Retracement 1 | 0.5 & 1
- Triple Formation
* 012345 | Wave 3 & 4 | Angle 1 | Subdivision 2
* Neckline | Pattern Involvement | No trade(Reversed)
* Retracement 2 | 1, 0.786, 0.618 & 0.5 | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Sell
CRV potentially breaking above a Double bottom neckline hereCurve like any other altcoins has responding very parabolically to its goldencross. It has now gone above a potential double bottom neckline, however, as much as it has pumped recently I would not be surprised to see it correct back down below this neckline for a bit. If it does that it may form another neckline slightly higher for a potential inverse head and shoulders pattern. If it does just continue up fro here instead then the target shown on the above chart is the ost probable one to expect. *not financial advice*
POWERGRID MAY FALL DUE TO DOUBLE TOP FORMATION
DOUBLE TOP FORMATION :
powergrid has formed a perfect double top pattern on weekly timeframe and seemed to be positioned for further fall.
Although it had shooted up suddenly 2 weeks back due to the uncertainty which bubbled up surrounding maharashtra election which affected whole whole stock market. But after the release of the election results it has started going down again
BEARISH DIVERGENCE :
Apartfrom double top it has also formed strong bearish divergence pattern on the chart with 2 divergent peaks having formed on chart & rsi 4th mar & 29th july respectively indicating strong bearish momentum for powergrid
BEARISH MACD :
macd indicator has also become extremely bearish with macd line hovering below signal line by large margin
PROFIT TARGET :
The stock will fall till 299 level which is 22 points away from current level
Apecoin chart per request.I’m not entirely sure how this chart will play out, currently looks like this chart’s price action is heading towards this brown trendline that will either serve as a double bottom neckline or if it holds resistance for a candle or few t will become the top trendline of a valid descending channel at that point, either way the target would be the same for a breakout from either pattern, won’t be able to dial in the exact placement of the dotted goldenrod colored measured move line until price chooses where it’s going to trigger the breakout but I believe I have arbitrarily placed it in a close enough radius to get a within the ballpark of a decent price target guesstimation. Once again we see a big bullish pump coinciding with the golden cross as well. *not financial advice*
Goldencross even causes coins like EOS to go parabolic
You know when even a long considered dead coin like EOS also responds with a parabolic pup on the day of its golden cross that at this point my hypothesis has to be proven. This is like the 20th example I’ve given of this occurring the same day as a chart’s golden cross. Remember this behavior the next time alt season begins during the second parabolic leg of a bitcoin bullrun. Anyways I never expected to chart an EOS chart but here we are. Would normally never hold this coin but do see it as an opportunity to at least take a position in it to its eventually double bottom breakout target. *not financial advice*
Long-term Cup & Handle PatternA long-term cup & handle pattern has formed in Nintendo (I have been buying during the "handle" formation). It's not a perfect setup as the top of the "handle" is higher than the high near the end of 2007, although that's in the chart adjusted for dividends. It looks a lot more clear on the chart that's not adjusted for dividends (I will post an update with that). Additionally, the "cup" formation is pretty deep, which likely limits upside from here. Therefore, I think a 50% rise is possible if it can decisively break out above $16 on a monthly closing basis. (This would be a price target in the mid-$20 range; more may be possible, and would be welcomed, but at some point I would have a stop loss in mind and hopefully it would continue to run for a while. I will update this idea if/when that happens.)
EURUSD: One More Selling Opportunity Another chance to sell today is on the EURUSD pair, which has recently tested a significant daily resistance level and formed a double top pattern on the 4-hour chart.
The broken neckline of the double top has been retested, indicating a potential further decline in price. The pair is expected to reach the 1.0453 level in the near future.
Quant’s big green candle today coincides w/ its goldencrossJust like so may other alt coins around the market, Quant exploded upward on the day of its golden cross as well. There’s a slight chance t could pull back from here in which cae then it could possibly form a right shoulder of a potential inverse head and shoulders and give people a chance to enter in lower before the next leg up, or it could just keep pumping right through this current tan colored resistance line and continue up to the purple neckline of it’s massive double bottom pattern. Ether way whenever it flips that purple line to solidified support,the breakout target can send Quant all the way back up to its old all time high, likely making a new all time high in the process. Looking forward to seeing where this one goes. *not financial advice*
Iota blasts thru double bottom neckline right @ golden crossLike so many other alt coins before it this alt season. Iota is taking the golden cross as an opportunity to blast off out of its current chart pattern which for Iota was a double bottom. Still decent amount of gains to be had to get to its target, some sort of pull back would be much more rewarding entry but hard to tell if it will be that generous. *not financial advice*
VNET Up +- 40% From Potential Double Bottom. The Big Picture.VNET is Up +- 40% From the Potential Double Bottom.
Remains Extremely Risky and Speculative.
However, ones best returns are often seen from these Risks.
This is also a China Trade, and not a Long Term Investment.
However, the prior Levels do show GREAT Potential for further Upside.
I started to nibble on the Bottoms with only a few $100 and is working for now.
Follow the Larger Trend. Use 2 to 3 time frames to see the 30M, 4H and 1W Trend. Make your decision's based on the Larger 1W Trend.
This is a Speculative 6 - 12 Month Trade.
I also use the IMACD indicator to see the rate of change, also the CCI Stochastic.
As always, please get a few outside Expert's Advice before taking Trade or Investment Decisions.
Should you appreciate my Chart Studies, Smash That Rocket Boost Button. It's Just a Click away.
Regards Graham.
Cardano - Repeating the +3.000% bullish cycle!CRYPTO:ADAUSD is creating price action like back in 2020 and we might see a rally soon.
Looking at the higher timeframes allows you to massively capitalize on overall market swings and cycles. Especially when it comes to Cardano, these cycles are pretty rewarding but also pretty predictable. At the moment, Cardano is repeating price action; we saw the same pattern playing out in 2020 and this break and retest was followed by a rally of +3.000%
Levels to watch: $0.42, $0.25
Keep your long term vision,
Philip - BasicTrading
DLTR LongWeekly resistance/support
Daily double bottom, not confirmed yet.
11/19/2024 Earning
Entry 62
Stop 59
Target 76, 102
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
$NU - Look out belowww! Falling KnifeChart #35/ 40: NYSE:NU
-Double Top Breakdown look for retest and confirmation
-L5 Indicator is RED
-Williams R% needs to create Resistance for this Low 5 Setup to establish the Williams consolidation box.
-AVP almost at volume shelf, if it breaks that another big gap down.
🎯$11.75📏$10.62⏳ Before APR25
NFA
Planet Labs Bottomed?Promising company, promising tech. Looks like it already bottomed, if not in the process of bottoming.
CEO came from NASA Ames research lab, invented micro-satellites. Found much cheaper ways to produce them, put a large (if not the largest) array of them into low earth orbit and are taking daily high resolution photos of the entire planet + AI tools to analyze changes or notice similarities across the earth. Very valuable information to be gleamed from data like this.
Targets = $4.38 and then $5.51, pre-req of breaking and holding above $2.77.
Not far from ATLs now. Good entries anywhere under 2 bucks, or even where it sits now if you don't mind a litte extra risk.