NSE:LOKESHMACH broke out of a bullish ascending triangle pattern and now is consolidating in a range. Following the price action, one can enter 20-30% position at C.M.P Enter with rest after a breakout from this range or after price takes support in the range. Targets:90/100 Sl- below 70 1:2 trade. Breakout momentum looks good. likelihood of target being hit...
SOFI played out a megaphone on 15M charts; a megaphone which successfully resolved upwards marking the end of the prior downtrend. Even since it IPO, price has bounced between $13 and $23 and it seems like this cycle (this rectangular channel) will continue. Accordingly, I would place a stop loss at $14 and take profits at $23. SOFI recently cleared a regulatory...
Wait and watch. Rekout then take trade because I think this is going negetive for 5-8 day wish you logical trading
For the 4 consequent weeks, AUDNZD is consolidating. The pair is coiling within a horizontal trading range. From a current perspective I see two potential scenarios: In case of a bullish breakout of the range (candle close above 1.0645 - 1.0668) a bullish continuation to 1.073 level will be expected. In case of a bearish breakout of the range (candle...
TRIDENT LTD - TRIDENT(NSE) has been forming a Bullish Rectangle since the start of December 2021. A long candle cutting the top green line upwards or a bounce-back from the bottom red line can be considered as a good buying opportunity. In the second case, the top green line can be set as the target. Watch out.
HFCL LTD - HFCL(NSE) | ASCENDING RECTANGLE has been forming an Bullish Rectangle since August 2021. A long candle cutting the top green line or a bounce-back from the bottom red line can be considered as a good buying opportunity. Those who have existing holdings can utilize the red line as an apt price range for averaging, after a bounce-back is confirmed.
CADJPY short w/ multiple take profits CADJPY has reached a supply zone where it found resistance previously. From here we got a decisive push away from the zone and a return back to the demand area. Now that we're are back in the same place and we are starting to see buying pressure lose volume, we can predict the same move may happen again. We entered the...
3 days / daily / 4h time frame analysis on USDCHF. Price action, trend analysis & key levels. Trading recommendations & thoughts. ❤️Please, support this idea with like and comment!❤️
NSE:PRAJIND Broke out from flag pole pattern after 500% momentum move. Strong volumes in the uptrend show increasing strength of the stock. One can enter entire position at C.M.P in view of a momentum trade with a tight sl. Targets: 450/500/565+ sl: below 360 Low risk high reward trade. Positional traders could opt for deeper sl below 330 levels. Position...
NSE:RAYMOND broke out from a major wedge pattern and went into a range (pink rectangle) for 1 month before releasing huge momentum today. Setup is similar to the Precision Wires idea posted few days back. (Up by 25% since posting date) Price should consolidate for 1-5 days before making the next momentum move towards 1000. One can enter 10-20% of their...
Hey traders, Gold is stuck within a horizontal trading range on intraday time frames, the price is coiling between 1782.0 - 1788.0 support and 1826.0 - 1832.0 resistance. To catch a bullish continuation, wait for a bullish breakout of the upper boundary of the range. Your goal will be a major falling trend line that I spotted on 3 days time frame. If the...
NSE:JINDWORLD has given a breakout from an old resistance uptrend line. On a lower time frame, it has also given a breakout from a narrow low volume consolidation zone. (Pink rectangle area) Volumes on trendline break towards all time high look very bullish - the highest since last 2 weeks. A risky momentum trade can be taken with a tight sl , going for 1:4...
* Great earnings * Very strong up trend * High 3-month relative strength of 1.41 in the Healthcare sector * High U/D volume ratio of 1.51 * Breaking out of a very tight 3 week consolidation of ~3.85% with higher than average volume * If you have access to Volume Profiles you can see that the $113.04 area has tonnes of volume. * We can expect the $113.04 area to...
* Exceptional earnings * Very strong up trend in the long term * Very high 3-month relative strength of 6.35 in the Tech sector * Pays out dividends * I last discussed this early December 2021 when it broke out of an 11 month base. * Since then it did move higher and due to recent market conditions it had a slight pull back. * Used $163.03 as support before...
PA have been trading inside the rectangle pattern which I view it as accumulating/consolidation then lead to breakout from the rectangle pattern, followed by respecting the upward trend line. I view it as relief pump or fake pump. The PA failed the retest of the upper rectangle pattern then got back inside the rectangle pattern. It trade below the down ward trend...
Let`s summarize the facts: 1. the stock gained incredible 275% from March 2020 to February 2021 2. revenue and business outlook weaker than expected 3. it's currently below all moving averages 4. double top created (Feb 2021 / Jul 2021) 5. dead cross on 3rd Nov 2021 6. currently consolidating as bearish rectangle between range 195 and 177. the bearish rectangle...
- STORJ - Rank #128 - Token. - On the weekly scale we can spot a beautiful ascending triangle, bullish pattern. - Also the price recently broke out of the falling wedge with a successful retest. - We can target a previous all time high as a profit target.
NSE:ADANIENT has been consolidating in a rectangle pattern after a very strong uptrend and broke out of it. It has also been consolidating in rising wedge pattern within the rectangle pattern from which it hasn't given a breakout out yet. Considering the bullish nature of stock, it is only a matter of time when it will breakout towards 1900 levels. Enter at the...