1. Trend - Turned bullish with this week breakout
2. Breakout - Strong
3. Strength - Very strong with 37% move in a week
4. Entry is volatile, if price come for a retest.
5. Keep in radar if on daily a fresh breakout comes, after a range formation of 7 days to 10 days minimum.
Fundamental Forces at Play
Hawkish Shift by the Bank of Japan:
Investors and traders have been closely monitoring the evolving monetary policies of the Bank of Japan. In the pipeline is a potential pivot towards a more hawkish stance in the coming months. This shift towards a tighter monetary policy framework has raised eyebrows and led to a flurry of...
VFS is an automobile/energy company with currently
- a high negative sentiment
- high number of shorts
- with high breakout potential
- hype, trend
Basic technical analysis shows
- potential levels of break-out
- uncertainty of support between12-17$
- bearish news and financials
Birds Global stock, an electric...
15 YEAR long consolidation, a perfect triangle pattern on the monthly chart, with beautiful support and resistance and most important- large volumes.
Though it gave BREAKOUT last month, it was facing some selling pressures. This month we got the confirmation of a long upcoming positive trend. After seeing the chart pattern the targets seem to be so aggressive...
• Ineffective chart analysis
• Blue line serving as the stock's trend line; 700 serving as both a technical and emotive support level
• High High and Higher Low formation
• At the 500 level gap up, the trend line is met, so if you want to take on more risk, you can consider the trend line's support.
📊 Pattern: Descending Triangle
📌 Symbol/Asset: JMF Financial
🔍 Description: Multi-year break out of pattern.
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
all ready chart noted for the target
no recommendation for buy and sell.
Incorporated in 1970 and listed in 2016, S Chand & Company is principally engaged in publishing educational books with products ranging from school books, higher academic books, competition and reference books, technical and professional books, and children's books. The company provides...
Ths is my psychological view about eurusd .it has already printed double bottom in the 1H time frame but ,due to the weekly close of the market may be reduced the strength of the doble bottom .so to breakout this bearish channel EURUSD has to form a new patter like head and should to make a bullish reversal .so i am expecting a bullish bias for the next week on the EURUSD
In the daily analysis, after the completion of the three downward waves in Shiba, we had the beginning of a range, in this interval we had to wait for the floor or ceiling of this range to break, which broke from the ceiling and is approaching the floors that have already broken, and we have to wait. Be in this time frame at all
Nifty Pharma had failed to close above 14800 on the weekly chart on two occasions in 2021. Has finally given a breakout and close above the level this week.
Keep an eye on pharma stocks.
❤ & follow for more.
RECTANGLE PATTERN -
Sun Pharma has just broken out a descending rectangle pattern on the daily chart which had been forming since the beginning of the year
SUPPORT-RESISTANCE LINE -
After breaking out it has also tested the previous strong resistance trend line twice making it a strong support line now
SIMPLE MOVING AVERAGE -
It has also shown...