In the current situation of global energy crisis, Target of $90 for WTI Crude oil seems pretty legit in the coming month and if situation worsen then $110 for sure in coming 6 months
Reasons for bull run:
- energy crisis leading to low supply high demand
- big volume coming in bullish rally than in the downfall in intraday chart
- No positive news to overcome the...
Brown trendline represents the head and shoulder neckline. Yellow neckline is the rimline of an inverted cup and handle. Both essentially have the same breakdown target. Price needs to get above these trendlines soon to avoid triggering the breakdown.
We can see this perfect group of rising channels that are the same width apart here on the btc log chart connecting our 2019 bottom to our current “alleged” market bottom, as well as connecting our 2018 top and our current top. I had to post an idea of this so I can see how these trendlines and channels continue to play pivotal roles against price action in the...
We had a glorious breakout yesterday and today have seen that candle retrace more than 50 % of its length liquidating all sorts of top buyers no doubt. This happened after price manages a wick above the monthly 50m (in orange) but ultimately was rejected from that zone. It wasn’t just the monthly 50ma that put up the resistance however…there is in fact one last...
The current candle on the daily chart looks absolutely massive compared to the other candles before it. You can’t really see it on the monthly chart, however I chose to use the monthly chart for this idea because the triangle it’s breaking up from is best seen on the monthly chart. With such a massive candle on the daily I’m confident we are finally breaking up...
I just did an update on this monthly log symmetrical triangle using the BTSE chart in my previous idea, but wanted to also go back to the exchange that I first posted the idea on almost a month ago which was bitstamp. Upon going back to that exchange, I discovered there were actually two potential targets to this triangle breakout. If the bottom yellow trendline...
Do i need to explain lol
i like color coding my timeframes, lines and other markings that correspond to a TF
so everything in color...
Black - Monthly
Green - Weekly
Blue - Daily
Other TFs
Violet - H4
Teal - H1
Orange - M15
CMP 720.25 | Strong Momentum | New 52 Week High | Company with No Debt
*Not recommendation
Finolex Cables Ltd is India`s largest and leading manufacturer of electrical and telecommunication cables
Just like the bear flag and wedge on btc, Eth also has a weekly bearflag pattern inside a monthly wedge. Eth’s flag is more of a bear pennant however since its flag is a symmetrical triangle..where as the flag on btc is a descending channel. Definitely gonna have to overcome the weekly 50 MA and maintain it as support to sustain a bullish breakout here. *not...
We can see here if price action can break above the top trendline of the chartreuse bearflag by next week and then hold that trendline as solidified support, thereby confirming the bullish breakout, that the measured move of the break out would be identical to the measured move of the bullish breakout of the monthly pink falling wedge pattern. This is very...
CMP 87.90 | High volume gain | New 52 week high
Engineers India possible double bottom breakout
FII / FPI or Institutions increasing their shareholding
Strong Momentum: Price above short, medium and long term moving averages
*Not recommendation, do your due diligence
Idea :)
This Triangle can also be seen well on the weekly…and also valid on the daily chart but you have to scroll over to see the whole triangle on the daily. I chose the monthly chart for this idea though because it’s the easiest one to see all the key valid touches on both the bottom and top trendlines of the triangle.That bottom trendline has been holding for 3 years...
CMP 333.90 | New 52 week high | Good volume | Bullish momentum
*Not recommendation
Kirloskar Ferrous Industries Limited (KFIL) manufacture pig iron and ferrous castings. Business areas of the company encompass Grey Iron castings S.G Iron castings Steel Investment castings and Pig Iron.
CMP 104.05 | strong technical momentum | New 52 week high
- Tracking for mid/long term
- Bullish technical indicators
*Not recommendation
Nelcast is the Largest Jobbing Foundry in India for the manufacturing of Ductile & Grey Iron Castings. Products cater to the Global Automotive, Tractor, Construction, Mining, Railways and General Engineering sectors.
