Cup & Handle Breakout with good volume.
Stock can go as marked on the chart
Technicals
—Bullish Crossover
—Above 20 EMA
—Higher High breakout
—RSI 71
Fundamental
Stock P/E 44.2
ROCE 26.8%
ROE 21.0 %
Market Cap ₹38,226Cr.
educational purpose only!✨
Do your research before making any investment🥂
Second winning strike of bulls, Nifty opens gap up with almost 150 points.
Initially bears were trying to capture the market but didn’t sustain and made days low that is 221989 level.
Market was choppy throughout the trading session, into last trading hour nifty made high of 22375 with almost 220 points up which is around 1% and gave closing near today’s...
With the DXY (Dollar Index) shooting up, we look to buy USDJPY in correlation to the dollar and the EMA'S combined with the broken resistance now turned support give us more confluence.
Here we have BTC-USD-monthly with logistic (growth) function (phi-rameters are somewhat arbitrary) and with simple Triple Exp Moving Average.
Based on this, I am kind of thinking to buy in during the autumn 2023 (somewhere between 12k-16k), and I might be selling during the winter 2025 (somewhere between 44k-62k). Or maybe not.
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This is NOT a trading...
After a three choppy session Nifty hit a new high in second half that is 22497 level.
Nifty has formed a big green body candle with long lower shadow which indicates buyers were buying from lower end and upper shadow.
Candle has taken support of 9 days Exponential Moving Average.
Nifty find nearest resistance 22520 level and nearest support lies around 22269...
Below is the price movement scenario for ADA.
After significant consolidation of the asset in the price range between the support level at $0.2327 and the resistance level at $0.4582, an impulsive breakout of the resistance level at $0.4582 occurred at the end of 2023. This caused a subsequent establishment of a local maximum at $0.6883.
Despite the overall...
Index open with positive note and afterwards bulls took over the market and made days high that is 22218.
Index has formed green body shaven bottom candle with small upper shadow which indicates participants were buying from lower level.
Candle is taking support of 9 Days Exponential Moving Average as seen in chart.
Next levels for nifty will be 22381...
Nifty open with gap down.
Bulls tried to sustain in the market but failed and bear took over the market and made days low that is 22075 level and formed small body red candle with upper and lower shadows.
Candle is trading near 9 Days Exponential Moving Average.
Next levels for nifty will be 22381 upsides and 22023 level downsides.
⚠️ Important: Always...
Looking to short AUDUSD as it rejected a trendline and 38.20% FIB Level. We will also be monitoring the DXY(Dollar Index) for correlation and more confluence. A break and retest below 0.65200 psychological level support will give us a proper confirmation to go short.
I will be shorting this pair now but with extreme caution and add more orders upon the break and...
EURUSD 4H chart Inverse H&S producing a
breakout
Additional confluences:
- Bullish market structure, the price is forming the
pattern around the support range fro m the
previous major high points
- Head of the inverse H&S pouncing from the
0.618 Fib
- MACD produced a Bullish cross a while back and
now it's providing bullish continuation
- Price bounced from...
Bitcoin is possibly forming a continuation Bull Flag pattern. Target ~40200
Price is respecting nicely 12H 9EMA as we can see from the chart (same with Total marketcap).
If we break the 9EMA support I think we will go test the Daily 9EMA and Flags bottom level where probably some buyers would show up. (Picture below)
This price action is quite fascinating and...
so weekends for many mean relaxing, but for many of us it is, contemplating what went wrong, strategizing our risk management and tweaking our strategies.
I Had a thought that instead of trading during news and peak session, why dont we trade after the market has done what it has done and enter when the strength has weakened, this way we might cut unnecessary...
UPL has been consolidating in a range between 850 and 650 on the weekly chart. It has been in triangle type pattern and has broken down on a weekly basis. A close below the upward trendline shows increasing bearish pressure.
Bearish momentum should increase below the weekly low of 673. One could expect greater selling pressure if price closes below the support at...
As we can see the stock breaks its trading channel consolidation after 7 months with heavy volume and takes the support of the channel and again it breaks its trading channel on 16th November with heavy volume as compared to the last breakout volume.
STOCK IS TRADING ABOVE 20 50 EMA RSI crossing 60 from below. RSI 65
Hindustan Aeronautics Gets an LOI (letter of...
As we can see stock is trading above 50ema and making hammer candles with good volume.
from ATH and rsi divergence stock correct almost 5%
And Doji candle on 8th Dec after a downtrend ends and the next candle formed is a hammer candlestick. which is indicating a bullish reversal, Singh.
Bharti Airtel Ties Up with Meta, STC to Bring World's Longest Subsea Cable...
