Tata Metaliks Limited Trading technical call for medium term
CMP: 884, Closing based SL 829, Targets: 920 945 959
* All time high and Close breakout
* Consolidation Breakout
* Trend Line Resistance Breakout
* Volume Breakout
* Swing high breakout
* Good Fundamentals
Discliamer: All levels are for Educational Purpose Only.
Consolidation inside of a pennant pattern showing break out with a continuation of the previous bullish trend from before consolidation. Bullish RSI divergence, as well as a bullish MACD divergence on 3h/4h candles. Please note the text boxes - the wave 4-5 target are only if the wave 3 stops at 1:1 Fibonacci extension (which I marked as the sell zone for wave 3).
-Strong breakout out of consolidation area (yellow box) to the upside.
-We broke also resistance very clear (around 7,000$).
-Next target should be at all time high 7,900$.
-But we most likely see consolidation to 7,000$ support levels.
After an area of consolidation of USDJPY for the last weeks, price is at a position where it may break the uptrend where it usted to come , and confirm the shift in momentum that may give of the new ride for the bears.
On the other hand, the second option is that price actually respects the trendline going up, the level of support and we continue a little bit...
LTCUSD update: Consolidation break out attempt at the 60 level. Compared to the other coins, this market takes much longer to make significant progress but is worth mentioning because a minor retrace can offer attractive reward/risk for a swing trade long. Also this breakout can be the beginning of a broader bullish movement.
The 60 level has been the range high...
My overall view on the EURUSD is bullish. However, once price hit 1.20193 the pair has really just been in consolidation. I have 1.18766 plotted as an area of concern because of the support and resistance that has occurred at that level. IF price breaks and closes below 1.1660 we will be in what I would call a trend rotation. (going from bullish to bearish) IF we...
Signs point to a Bullish BTC trend.
With the primary correction and consolidation complete, a strong bull flag, RSI breaking 50k on the daily, a completion of wave 4 with a movement to wave 5, and additionally, the squeeze momentum completing its cycle, we are now running with the bulls. Expect to experience resistance and stall out for a bit between 4085 and...
I expect to see a resolution to consolidation pattern that developed in BTC over the past week. Dependent on whether the breakout is to the upside or the downside, I expect to see either 4120 or 3530 early next week.
Weekly time frame shows breakout and pullback into range
daily timeframe show breakout of downtrend line and price consolidating in symmetrical triangle on lower volume showing no strong selling
establishing position on monday for breakout and using 3ATR as stop loss
monthly timeframe showing stage 2 mark up
EURAUD exchange rate for a week is moving in more than 150-pips consolidation, which was formed after setting the maxima at 1.5073. The wider trend remains bullish, but signs of weakening are showing, even in the form of the discussed consolidation.
Currently the rate is at the lower limit of this consolidation, which is located at 1.4930. Successful breakdown of...
USDJPY is consolidating between the 112.00 support zone and 115.00 resistance zone. The box consolidation is clear and have been formed since 2017 first days.
We're now close to a breakout and down to 110.00 area? Or we're about to bounce back to the top of consolidation?
The next days will clear things out, the way I plan and execute my trades is more on...