Massive inverted HS building up to break out the triangle. Aussie is correlated to Gold, and the US Dollar will suffer from the monetary policies of the FED. This trade is not for everyone. If you are a day trader probably it will be frustrating for you. It could take months to play out. Open a long position and add at every pull back. We will have a fight at the...
The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI , presenting astute investors with the possibility of capitalizing on potential gains. Reasons are listed below : Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough. Stock is in...
Carborundum Universal , a renowned conglomerate in the industrial sector, presents a compelling swing trade opportunity. Reasons are listed below : A bullish Marubozu candle on the weekly timeframe signals strong buying pressure and potential upward momentum. The stock is breaking out of a consolidation phase lasting over a year, indicating a significant...
This presents an attractive opportunity for swing traders to capitalize on the potential uptrend in Petronet LNG . Reasons are listed below : Breakout of Strong Resistance at 300 : Petronet LNG has successfully broken above a significant resistance level at 300, signaling potential bullish momentum. Bullish Marubozu Candle on Weekly Timeframe : The presence...
Hello Traders and Investors, today I will take a look at Binance Coin . -------- Explanation of my video analysis: Back in 2020 Binance Coin created a decent bullish break and retest of a horizontal structure which was followed by a rally of 10.000% towards the upside. After this rally, which ended in April of 2021, Binance Coin has been trading sideways...
Rounding bottom with more than 2 years base. Also a descending triangle. First target 20. Then will see. SL triggers only if a weekly candles breaks down and closes under the 15.5 support level.
This is not just an idea for me as I have entered the setup. All things mentioned in chart. This is like a personal journal for me. I do not provide tips and strictly advise you not to copy my trades.
1. Trend Bullish 2. Set up: Breakout failure & reversal 3. RR is lucrative with 1:10+ 4. With false breakout all SL has been collected, chances are price will push higher
Looks like a bullish flag, just bought some calls as shown. I'm expecting a breakout of the 210 resistance.
Consider a promising swing trade opportunity in Elecon Engineering Company Limited , a leading provider of power transmission solutions, material handling equipment, and engineering services. Reasons are listed below : Decisive Breakout of Resistance : The price level of 1120, previously a strong resistance, has been decisively broken, indicating potential...
Consider a promising swing trade opportunity in Central Depository Services Limited (CDSL) , a leading securities depository in India, facilitating the holding and transfer of securities in electronic form. Reasons are listed below : Breakout from Strong Resistance at 2000 : CDSL has successfully broken above a significant resistance zone at 2000, with a...
After creating a rectangle since Jan 2024, Legal and General has broken to the downside after lacklustre targets issued yesterday. Price is falling below 231 support. Since March 2013, L&G has gone nowhere and it looks like it could eventually hit 161, if the stock market reverts to a downtrend or business is below expectations.
Hello Traders and Investors, today I will take a look at the Nasdaq . -------- Explanation of my video analysis: For more than a decade, the Nasdaq index has been trading in a rising channel formation with the last retest of the support trendline being back in the end of 2022. At the moment, Nasdaq is retesting the upper resistance trendline and if we...
Super Micro should follow Nvidia. Price is bouncing off the uptrend line support. I think is going to start to consolidate within the triangle to finally break up. I just bought some, I'll keep adding at every pull back. It might take a few more weeks. SL triggers if a weekly candle breaks down and closes below the lower vortex.
🔉Sound on!🔉 Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
This is getting interesting. Looks like a breakdown a very bearish. But if the weekly candle closes up within the triangle that would be a bear trap. And it would be very possible that bulls try to break up the triangle. Let's see how the week closes and next week I'll have more clarity on what to do next.
Hello Traders and Investors, today I will take a look at Alibaba . -------- Explanation of my video analysis: After Alibaba broke below the major support trendline in 2021 we saw a massive correction of -75% towards the downside. Alibaba was then retesting another major level, this time a previous support area which is at $60. So far Alibaba stock is still...
Apparently a bullish flag is forming, and price is dancing at the bottom of the flag. There is another support at 30 in case the flag is busted. It could take a few more weeks but risk and reward rate is good.