Caplin Point Laboratories , a leading pharmaceutical company known for its focus on generic formulations with strong fundamentals, presents an attractive opportunity for swing traders and investors. Reasons are listed below : Support Zone at 1200-1250 : Caplin Point Laboratories has established a strong support zone in the range of 1200-1250, showcasing its...
A potential swing trade in Finolex cables , a prominent figure in the cable manufacturing sector. Reasons are listed below : The stock bounced convincingly from the strong support level of 850, indicating solid buying interest at this price point. A hammer candlestick on the weekly timeframe signals a potential reversal, suggesting a shift from bearish...
Consider a promising swing trade opportunity in Anupam Rasayan India , a leading specialty chemicals manufacturer. Reasons are listed below : Strong Support Zone at 800-850 : Anupam Rasayan India has a strong support zone established at 800-850, indicating significant buying interest and potential reversal points. Hammer Candle on Weekly Timeframe : The...
A potential swing trade opportunity in Syrma SGS , a notable player in the electronics manufacturing industry. Reasons are listed below : The stock exhibited resilience as it rebounded strongly from the 450-500 support zone, suggesting a false breakdown and indicating underlying strength. A hammer candlestick formation on the weekly timeframe signals a...
Interesting weekly candle, a hammer that needs confirmation in the next 2 or 3 weeks. These types of patterns require confirmation within the following 2/3 sessions, they represent a retracement in the majority of cases, only if seen on the top or bottom can they represent a reversal, here we have no such scenario, the candle has manifested itself during an...
We might play out this as a Gartley222. Not entering at the 78% retracement level, but we have a great pin bar on the 2Hour chart at a very Key level. Close below the previous major low and a 1 to 1 AB-CD move. Volume profile- the pin bar occurred on raising volume which for me indicates stops taken, but also it's what Wyckoff will call nonvalidation, huge...
With the exceeding of 43.8k usd which is the maximum achieved last week, an attack on the most important resistances could take place or perhaps directly at the maximums achieved in January, this or next week. The hammer from two weeks ago, which requires confirmation, needs a close higher than this high taken into consideration today, because at that point the...
Hello guys, I hope you are doing well. Gold moved up from a four-hour demand area with the confirmation of the hammer candle that I told you yesterday, it has now reached a four-hour supply area, which I refined to the 1-hour and 15-minute areas. -If the four-hour candlestick above the dashed line I drew closes, other sell positions have higher risk.You should...
The recent development of the Red Sea crisis does not suggest that it is going to resolve anytime soon. Which markets have already started moving? And how far will they rise this time? We are going to recap the supply chain crisis during the pandemic and also delve into the current supply chain disruption caused by the Middle East conflict, which has led to the...
I can Clearly See this Entire Market is Turning Around and I'm really Excited for it. It Looks like we've bottomed out at least for a little bit, hopefully they've shaken enough people of their bag to let the market continue to expand!!
Today we see an important move in TSLA's share price, a break of the resistance level of its previous top at $252.75. Now, after the breakout, we see that this area is serving as intraday support, which is in line with the principle of polarity (former supports can become future resistances and vice versa). Since our last analysis last week, we see that the...
OANDA:XAUUSD increases daily volatility by more than 3% for the first time in 6 months. Friday's opening-to-close session overcomes 3.4% and $63.53. A complex yet obvious situation is taking shape. Let's get a handle on what's going on and what to expect next In the coming week, important news is published. Worth paying attention to: Core Retail Sales &...
Risky trade but a possibility of big returns between 20 to 100% possible in CAMEX Ltd Technical Analysis: There are multiple resistance but they have been tested multiple times and now a breakout from flag pattern could give higher returns CMP: 30.38 Targets and Stop loss on the graph itself. Monthly chart also looks strong considering it has been in a range...
NZDUSD is forming a false breakout and reversal pattern. There is an opportunity for a decline to 0.59000 TA on high timeframe: 1) False breakout of global range resistance 2) The market considers liquidity in the area of 0.59600 as a target TA on low timeframe: 1) A false breakdown in the "head and shoulders" format is formed 2) Price starts realization of...
NZDUSD is approaching resistance within consolidation. After a false breakdown a signal is formed that the level may be broken on retest. Target 0.60500 TA on high timeframe: 1) We do not see a fall after the support breakout 2) Buyers are holding back the price and may return to the global range 3) market is interested in 0.60500 area due to imbalance TA on the...
A Green follow-up Candle required after Hammer like structure formed today to confirm a bottom and restart of up move. Major resistances on the up side now (If we get good couple of candles in next 2 days), will be at 19479, 19555 (Major resistance), 19657 and 19777. Supports for Nifty are at 19326 and 19218.
OANDA:XAUUSD is testing the liquidity area I mentioned yesterday. The mentioned levels are not target levels, but only on the way to the target. Gold does not reach the lower boundary of the zone and the market maker forms a trap On the chart I have marked the liquidity area - quite a wide corridor and with a high probability the price should pass this zone,...
Every time we have a consolidation this last year we end up breaking out on rumors, running up higher than necessary, then crashing back down on GOOD NEWS. Last time it was a settlement issuance but things are in a NDA. There is an insider selling on this one but its very low of % compared to what the individuals own. We have a great descending triangle with...