Venus Pipes & Tubes Limited is a manufacturer and exporter of stainless steel pipes and tubes. Fundamentals are good. Rising OPM, Net profit, EPS with consistent tax rate. Good 3Y ROE, sales and profit growth. Reducing debtor days. Stakes increased by Promoters, DII, FII in last 2Q. No:of Shareholders jumped in recent quarter expecting good result. And company...
Trump is lenient towards cryptocurrencies, and recently, due to Trump, there has been a significant surge, including Bitcoin. The daily chart seems to indicate a rebound for several more days. The 4-hour chart shows a consolidation within a range, with a high probability of a future upward breakout. The entry point could be at the bottom of the range if it breaks...
Last weekend, Bitcoin went up, which is unusual activity because usually Bitcoin goes sideways on weekends. It's because huge banks and institutions have the ability to manipulate the price of bitcoin, and they do it especially during work days. That means weekend price movements are usually fake, and if you buy now, you will end up with a loss on your...
The FT100 has formed a descending triangle over the past 53 days, with 14 showing the price settling into a small rectangle pattern. The rectangle pattern is my favourite setup, and both patterns are equally significant, making managing entries and stops easy. A break below 8,110 suggests the stock could drop by 2.6% to 7,899, while a break above 8,284, the upper...
Decentraland (MANA) appears to be in the final stages of Wave (4) within an Elliott Wave pattern. The rectangle consolidation suggests a potential breakout is imminent, with a significant upward movement targeting $10.5. Traders should watch for a breakout above the $2 resistance level for confirmation of the next bullish phase.
On my previous analyses I looked at the possibility of this pair to continuation in direction to the upside but price broke the recent support and flipped making a new support. I am keeping eye on a possible retracement to the recent resistance (flip) where that could be a new high or lower high 0.54485,
Questions and Answers: 1) Question: According to many YouTubers, Bitcoin is people's money and is supposed to take away power from banks and potentially end the era of central banks and their money printing. Answer: This is incorrect. Bitcoin has full support from banks. In 2024, a lot of Bitcoin ETFs were launched. One of them is the ETF from BlackRock. With...
Gold is trading in a global bullish trend. We can see that after a strong bullish wave in February and March, the market stopped growing and started to trade within a horizontal range. The market is stuck within the range for more than 3 months. We see a test of its upper boundary at the moment. An important decision is now ahead. I believe that a bullish...
AUDCAD has a nice potential to continue moving up. Last week, the price was consolidating within a narrow range on a daily. A bullish breakout of the resistance of the range is a strong bullish signal. With a high probability, the market will keep growing. Next resistance will be 0.9295 ❤️Please, support my work with like, thank you!❤️
GBPCHF may keep growing after a breakout of a narrow horizontal range to the upside on a daily. Next goal for buyers - 1.1598 ❤️Please, support my work with like, thank you!❤️
After our yesterday's profitable short, I see one more selling opportunity on EURGBP. After a strong bearish wave, the pair started to consolidate within a narrow horizontal range on an hourly time frame. The release of morning's UK/EU Fundamentals triggered a bearish reaction causing a breakout of a support of the range. I opened one more short on the...
Time and Space only exist between two points. You can build an entire grid system using only two points, and multiples of the distances between those two points. On a price and time scale, this can be useful in establishing critical levels used to assist us with trading. Which two points you choose can unfold entirely different results. In this example, two...
Gold is making another run at its 2-week high near $2385, even with China stopping its purchases for a 2nd straight month. A breakout here could expose the record highs near $2450 in short order. Watch US CPI as a possible fundamental catalyst in one direction or another. -MW
As we discussed on a live stream, EURGBP may drop from a solid horizontal resistance. Bearish breakout of the support line of a tiny intraday range on an hourly time frame is our strong bearish confirmation. The price may reach 0.8446 level soon. ❤️Please, support my work with like, thank you!❤️
Gold is currently consolidating within a narrow horizontal range on a 4H time frame. The reaction of the market to Powell speech was very limited and the price did not manage to initiate an impulsive movement. If you are looking for a bullish confirmation, I suggest waiting for a bullish breakout of an upper boundary of the range. A 4h candle close above...
══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the...
Look to long Island Reversal Look to ride the wave up to 1.13500 Price looking bullish LONG OR BUY