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Rectanglepattern

Salik Stock Reversal Alert-A Hidden Gem in Dubai’s Stock Market!Hello Traders! Today’s analysis is on Salik Company PJSC (DFM), one of Dubai’s most watched stocks. UAE markets are full of hidden opportunities, and this chart highlights one of them. After forming a strong Rectangle Pattern for months, the stock finally gave a clean Breakout , followed by a Bullish Engulfing retest candle , a classic sign of buyers returning with strength. Why this setup is special? Rectangle pattern breakout after long consolidation shows trend resumption potential. Bullish engulfing pattern adds confirmation of renewed momentum. Multiple timeframe structure supports higher targets with low downside risk. Levels to Track: The best entry zone remains around 5.80–5.90 AED , where strong support and bullish engulfing confirmation align. The first short-term target is placed at 6.25 AED , followed by a medium-term target near 6.60 AED , and a positional level of 6.99 AED . Long-term investors can aim for the major holding target around 8.00 AED . A stop loss below 5.37 AED should be maintained to protect positions. If you want to catch these kinds of early setups before they explode, make sure you follow closely, (Analysis By @TraderRahulPal ). More analysis & educational content is shared regularly on my profile. Sometimes one strong setup can shift your entire month’s momentum. If this helped you, don’t forget to like and follow for regular updates. Disclaimer: This analysis is for educational purposes only and should not be taken as financial advice. Please do your own research or consult your financial advisor before investing.
DFM:SALIKLong
by TraderRahulPal
6
Ethereum – Calm Before the Next Leg Up?Ethereum had a disappointing start in 2025. After pushing above $4,000 in mid-December 2024 — with headlines full of "$10K ETH coming!" — the new year began around $3,500, and what followed was a slow bleed. By early April, Ethereum printed a shocking low at $1,380 — a level few believed was even possible. But the bounce from there? ⚡ It was explosive — nearly +100% in just one month, with price topping around $2,700. Since then, we’ve been consolidating — and that’s completely normal after such a vertical move. 🔍 So, what’s next? Technically, ETH is forming a rectangle, a structure that often resolves as a continuation pattern. The spike down to the $2,300 zone on May 19th was telling — buyers stepped in aggressively and pushed price back above $2,500, which now acts as a comfort zone for bulls. 📌 Conclusion I’m looking to buy dips, ideally near $2,550, and my target is the $3,500 zone. No need to reconsider the bullish outlook as long as price holds above $2,300.
COINBASE:ETHUSDLong
by Mihai_Iacob
12
NESTLEIND - Range Bound -Box BreakOut -DailyThis is a technical analysis chart of **Nestle India Ltd. (NSE: NESTLEIND)** on a **daily timeframe**, and here's a breakdown of what it's showing: --- ### 📊 **Price Action and Pattern** - **Range Bound (Accumulation)**: From around **November 2024 to mid-April 2025**, the price was consolidating between approx **₹2,135 (support)** and **₹2,342 (resistance)** — a classic **rectangle consolidation pattern**. - **Breakout**: The stock has recently **broken out of this range** and is currently trading around **₹2,416.60**, suggesting a **bullish breakout**. --- ### 🔍 **Measured Move** - The chart shows a **measured move target**: - Rectangle height: ~**₹210.85** - Breakout level: ~**₹2,342** - **Target price** after breakout: ~**₹2,555.75** (highlighted in green) This implies a potential **upside of 9%** from the breakout level. --- ### 🔊 **Volume Analysis** - Noticeable **increase in volume during the breakout**, which confirms the **validity of the breakout**. - Volume spikes have historically aligned with key price movements in this stock. --- ### 📌 **Key Levels** - **Support**: ₹2,342 (previous resistance), and below that ₹2,135 - **Resistance**: ₹2,555, and further up at ₹2,765 – ₹2,778 (previous highs) --- ### 🧠 **Conclusion** - **Bullish bias** post-breakout from the rectangular base. - Potential for move towards **₹2,555**, with **volume support**. - Traders might look for: - Pullback to ₹2,342 for entry - Tight stop-loss below support - Target near ₹2,555 or partial booking en route ---
NSE:NESTLEINDLong
by DailyCharts03
AMOC Egypt has a good trading opportunity to 8.9Daily chart The stock EGX:AMOC is trading in a channel between lines R and S, so the opportunity to buy near support S and sell near resistance line R (at around 8.9) Technical indicators RSI and MACD are supporting the bullish view. Closing above 9.0 for 3 days, the target will be 10.5 Closing above 10.9 for 2 weeks, the target will be 12 Below line S is considered a stop loss level, as the next down target will be 6.0 Note : Always keep a profit protection level, and raise it as the price goes up.
EGX:AMOCLong
by snour
4
pepe → tiny correctionhello guys! Chart Overview: - after the price made a symmetrical triangle, it broke the top line - it is forming a range or rectangle right now! Trend Analysis: - Pepe is in compression now - we can consider an upcoming downward! Price Patterns: - There are two potential correction zones within the rising trend: 1. Around the $0.0000107 level. 2. Between 0.0000099 and $0.0000094. Bullish Trend Confirmation: - if the range area breaks down it will confirm the downward movement ✎Actionable Insights: - you can take a risk and enter the short position right now and put two previous area as a target! - or you can wait until the range breaks down then get a short position until the blue area will be touched! ___________________________ ✓✓✓ Always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Short
by melikatrader94
14
Robinhood waking up bigtime Macro signs BULLISHHi guys this is a MACRO analysis on Robinhood (HOOD). Macro meaning larger timeframe aka the 1 week in this instance. Alot of stocks are down from their previous tops. Which means potentials for longterm gains for many names possible. During the decline of assets, price action may create specific chart patterns that may signal the bottom. For HOOD -> such a pattern was observed. We've been in this pattern since January 2022. Making it a BIG DEAL. Acting like a pressure cooker if you will. This pattern is known as the Rectangle pattern, better known as Consolidation or Consolidation zone. Remember chart patterns must be traded on confirmation of a breakout. Its never a good idea to buy within chart patterns as experts say within chart patterns its a 50/50 chance. Therefore, probabilities increase once confirmation comes in. We are currently in the process of trying to breakout. I am now on full observation mode, as i will be looking to add. This current move was initiated by a retrace to the golden FIB ratio at around 10.60$. We maintained support, allowing for our current UPTREND. Notice also i have momentum indicators up. STOCH RSI has crossed Bullish. This will allow for buying to commence. MACD is also giving MACRO bullish signs, BULLISH CROSS ABOVE the 0 level and increasing size of the histobars. Major uptrends occur when MACD is crossed bullish above 0 level, you could even say Bull markets occur. We will continue our Uptrend until Bearish crosses are seen. Now lets look at the market structure above the consolidation zone. Notice how theres not much data above. Only a single sharp group of candles on the left. This shows no resistance exists above consolidation zone. This means price action above will cut through like butter to my 1st target zone at around $30-35. NOW REMEMBER watch for confirmation of a breakout atleast on the 1 day but 1 week prefered. I will be continously updating new information as needed. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on HOOD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:HOODLong
by SafofAllTrades
2
Petronet LNG #PSU worth to look for!Is it gonna break multi-year range? With recent Q3 results I can assume that the price action got the support of Fundamentals as you can see the price just attempted to break its barrier though it is unsuccessful; looking at the similar pattern before -- the current structure almost resembles the pattern the stock is following. like historic pattern, price being above the R1 pivot gives confidence that it will eventually break out of the range and inch higher #PSU
NSE:PETRONETLong
by shivalingesh
NVDA: An Unstoppable Rally! How Far Will It Go? (D&W charts).NVDA shares are in a very strong uptrend, and since they broke the previous all-time high around $500 (yellow area), we have been navigating in unknown waters, since there are no more “previous tops” to act as resistance levels to guide us here. Since our previous study, NVDA has made many important movements, so let's update our idea. Remember, the link to my previous post is below this analysis, as usual. In this case, there are a few things to remember that can help us. Firstly, the $ 600 is supposed to act as a resistance, not because it is a technical key point, but because it is a round number. More often than not, the market has a thing for round numbers, especially when it is making new highs, and apparently, NVDA is finding a resistance near the $600 (at least in the short-term). Secondly, since NVDA broke the $500, it also triggered a Rectangle chart pattern seen on the weekly chart, as seen on the chart below: The technical target of a Rectangle pattern is its height projected in the direction of the breakout (as evidenced by the red arrows). This takes is to the $626, approximately. Therefore, although NVDA is having a hard time breaking the psychological resistance at $600, in theory it still has more upside. If this is a buy or not, it depends on your strategy and the time-frame you work, but I understand when I see people worried about it being overbought. If we use a few indicators, like RSI, we see that NVDA is around the 80s area, but there is a problem in determining whether a stock is overbought or oversold using only indicators. On May 2023, NVDA went into overbought territory, as its RSI exploded and I saw many people worried about this. However, the price didn’t correct. In fact, it kept going up, while the RSI dropped, and this is one of the reasons why I don’t trade indicators – I trade price, but I use indicators sometimes as a tool to support my thesis, when I need more confirmation. Therefore, as long as NVDA maintains the pattern on making higher highs/lows, trading above its support levels, the bull trend will persist. For now, there is no technical evidence, price action-wise, suggesting a pullback, and if a pullback occurs, we see many support levels to hold the price, as seen on the chart below, like the retracements, the 21 ema, and in the worst-case scenario, the $500 again. I’ll keep you updated on this, so remember to follow me for more analysis like this, and like this idea to support me. Best regards, Nathan.
NASDAQ:NVDA
by Nathan_The_Finance_Hydra
5