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Roundingbottom

NVDA - Setting up (to Long)The semicons have been rising quite steadily since hitting the lows in mid October. NVDA has risen 63% from it's low in October and is now flirting with the 200 day Moving Average and a neckline resistence. Last Friday's candle was an inverted hammer which suggests it could consolidate below the neckline for a while more. With overall market momentum lacking, we are also seeing a fair number of false breakups. Hence always trade a breakup with only "test" positions with tight initial stops just slightly below the breakup levels. A more conservative trader would probably wait for the first pullback from the break up, ensure that the pullback do not invalidate the breakup (eg any pullback that went back below neckline) and then wait to buy the break high of the initial break up (point 4 on daily chart). While this means we are buying at a high level, it also help us avoid many fake breakups which a weak market is often fraud with. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:NVDALong
by Juliac
SHOP - formed a baseAfter falling more than 80% from it's peak of 176.29 on 19 Nov 2021, SHOP began to range sideways since May 2022, forming a rounded base. There was an attempt break up the neckline @ 45.43 on 11 Aug 2022 but it failed after filling a prior gap that happened on 4th May. It is now close to making another attempt at breaking up and there is a chance it could stall at the neckline (again). However, now that it is crossing above its 200 day moving average, its odds of breaking up successfully in the near future has increased. Long the breakup with an initial stop just slightly below it's 20 or 50 day moving average. Its momentum is strong as long as it continues to trend up along or above it's 20 day moving average. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
SLong
by Juliac
4
CRUDEHello and welcome to this analysis UKOIL formed a Bullish Harmonic Gartley near $83.50 in weekly time frame and reversed from there. In the last few weeks after its 1st round of reversal from the Gartley PRZ it has formed a Cup pattern (rounding bottom) in daily time frame indicating a breakout above $98.50 for $106. While CRUDE OIL at MCX has formed an Inverse Head & Shoulder pattern in daily time frame indicating a breakout above 7700 for 8200 and 8800. The movement in MCX Crude will largely be impacted by US$-INR also, keep in mind that factor also.
TVC:UKOILLong
by Dinesh_C_Nagpal
LOCO - TrendingLOCO's decline had been flattening out in the past few months and the 1st hint that the worst could be over was on 13 October when it gapped up 14% on huge volume. Not long later it went into a sideway consolidation for nearly 3 weeks before staging another strong break out of this consolidation last Friday on earnings beat. The stock is now above it's 200 day moving average, clearly the trend is up now. Any pullback or consolidation in the near term would be opportunity to stake, with initial stop loss just slightly below last Thursday's pivot low @ 9.65. Expect some pullbacks/consolidation as it test resistences on it's way up. Take partial profits and/or trail stops up at intervals. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:LOCOLong
by Juliac
Gearing Up Good Day, Hello Traders, Since Sept 2021 till April 2022 Blue Star stayed in an Upward Parallel Channel. After that the price wne t from 1211 to 856 (-28.64%). See how beautifully it is following Fibonacci Levels as the rounding bottom is completed Now the next targets lined up are 1381/ 1641. Time Frame: Weekly It also depends how market behaves, however the trend and the sentiment is bullish. Chart Self Explantory. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:BLUESTARCOLong
by Piscean17th
Doubler Candidate Good Day , Hello Traders, Results are great for Spandana Sphoorty.Looks like a doubler from here as it is showing momentum upside since bottom made on 20 June 2022. As per Fibo ratios first target which it will aim for is 655 to 660 Then,it requires consolidation and volume to aim for the next target 885. A big rounding bottom on the chart is already formed and it is a serious candidate for Doubler if one keeps in the portfolio for 1.5 years. Keep 510 as Stop Loss and aim for Targets - 656 / 880 /1197 /1370 Time Frame : 1 or 1.5 years. Chart Self Explantory. Disclaimer : I am not SEBI registered analyst, this is for educational purposes. Please trade as per your risk and do consult with your financial advisor before taking any trading decisions.. If you really like the analysis , please do comments, LIKE and Follow me.
NSE:SPANDANALong
by Piscean17th
Mahindra CIE Automotive Ltd - Multi-year + Cup & handle Breakout📊 Script: MAHINDCIE (MAHINDRA CIE AUTOMOTIVE LIMITED) 📊 Nifty50 Stock: NO 📊 Sectoral Index: NIFTY 500 / NIFTY SMALL CAP / NIFTY INFRASTRUCTURE 📊 Sector: Consumer Discretionary / Automobile and Auto Components 📊 Industry: Auto Components & Equipments Weekly Time Frame Key highlights: 💡⚡ 📈 Script is trading at upper band of Bollinger Bands (BB) and giving breakout of it. 📈 MACD is giving crossover. 📈 Double Moving Averages also giving crossover . 📈 Volume is increasing along with price which is volume breakout. 📈 Script is giving breakout of Cup & Handle as mention is chart. 📈 On a daily Time Frame script is giving multiple resistance breakout as mention in 2nd chart and also rounding bottom breakout is there. 📈 Current RSI is around 73. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 317 🟢 Target 🎯🏆 - 352 ⚠️ Stoploss ☠️🚫 - 302 👉Strong fundamentals, Expensive valuation ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. 1Cheers!🥂
MLong
by radha_23