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Alltimehigh

Marching towards All Time High & fall shown possible strengths.Axis Bank took solid support around 710 ( support treandline from 2015 and it got broke nly 2 out of ~10 instances and those 2 are Mar'20, apr-may'22). Stated reversing towards resistance trendline around 830 (ATH) with next levels as 770,830 in 4-6 weeks once break above with volumes then rallycango till 1000 or if rejected at resistance then 770, 730 levels are. Key. Positive side due to the stock did fall around 10% but took support on longest trendline. Note: This is the educational purpose and not for recommendations at all.
NSE:AXISBANKLong
by Naresh_NM
Adani Ports - Going to hit ATH? Strong on chartsScript: Adani Ports Nifty50 Stock : YES Sector : Ports PE Value : 43 Results : Results published on 8th Aug, Revenue 12% up but earning/profit was 30% down. Previous quarter result earnings was also 30% down which doesn't look good. Financials to be checked to understand their expenses/investments. ATH (all time high) - 925 Adani ports is looking strong on charts. Weekly chart : It hit bottom of 652 back in June and then keep moving higher up and hit ATH 925 recently. Daily chart : RSI is above 70, High volume appeared, getting momentum! Closing above 900. Looking good so far! As per OI , 900 appears to be major resistance which has been tested multiple times this year hence getting weaker and may get broken soon. Heavy call writing seen both at 900 & 920. Call writers @900 will get stuck if it sustains above 900 and will start running for cover if crosses 925. 9th Sept 2022 closing is above 900, may gap up on Monday and could trigger major short covering next week or by end of this month if market remains positive which is very likely. Immediate targets would be 998, 1044. If sustains above these levels then we could see it hitting 1097 & 1200 as well. *** For F&O - Always hedge your position or keep SL in the system *** Play Safe! Protect your Capital! ***
NSE:ADANIPORTSLong
by UnknownUnicorn24770148
1
Butterfly Complete Near All Time High! Butterfly completed on OIL close to the all time high/HTF supply zone, price currently rejecting has broken internal structure, but i want to see price come up and mitigate that supply zone/continue to fail the same level before taking sells, i was going to sell the breakout as OIL moves fast but again to risky as it can also pullback super fast, waiting for more confirmation (Failed highs/wyckoff etc) Probably see a spring or some manipulation into those highs before price decides to reverse (If it does) Let me know your thoughts! * Disclaimer ** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
TVC:USOILShort
by benalistarfx
1
End of Super Cycles for Bitcoin & S&P 500My guess on how the 2 supercycles of bitcoin and S&P 500 will likely end. Masses attention on the stock market and cryptos are fading BUT there is still money to be burned and I would expect a victorious new ATH for both the stock market and the crypto to take place somewhere next year! 1. The whole internet is so aware of shorting the market that is "entering recession" due to rise in interest rates and inflation pressures. While at the same time Robinhood gave access to all its members to short. 2. There is still money sitting on the sidelines waiting for a positive turn ( a new dopamine cycle) so to be invested in the market and crypto ( the final burn/trap). The self-fulling prophecy of Bitcoin to 100k has to come "true" prob not 100 but close to 90k so everybody will be joining the last part of the cycle in a super euphoric state. More money traped for decades to come. Aside from crypto a lot of retail is traped on many SPACS/IPOs, if at any given moment there is a relief rally they will put more in order to break even their losses. 3. Covid is still a thing but is slowly fading away... no way in my perspective to allow a market crash while we are returning to "normal", all that money being printed in case of a market crash will not be "burned/spent", we did not even have a proper X-mas yet :) 4. Our heroes Musk+Bezos+Dr Burry warned us of a market crash ( check my previous post about it) 5. Do you think Fed will take the blame for the market crash? All the above statements are out of my head. This is a more philosophical approach rather than a concrete fundamental and technical one, BUT as everybody expects a market crash soon I like to be on the other side...IMO the market will crash when nobody will be thinking about it!!! when inflation will be down, and when Covid will no longer be in our "head". "The market can stay irrational longer than you can stay solvent" Look first/Then Leap
SP:SPX
by Philoslother
3
All Time High Breakout ImpendingAs you can see, NSE:POLYCAB is trading near its all time high . It's good candidate for swing trading. RSI (9) is also rising and technically one can enter the trade at breakout and retest of the resistance zone. Hello Trader. If you like the idea, do not forget to support with a like and follow. Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst . Trade on your own conviction and please consult your advisor before investing .
NSE:POLYCABLong
by Ami8singh
Can GOLD break and reach 2050$ again??Hi everyone After the accumulation that we had for almost a month on XAUUSD, We can finally see the price breaking through 1965$ resistance level. Now we have a support level of 1910$ beneath and a resistance zone on 2050$ above. Considering the possibility of staying in this channel and not having another correction in price( I believe after 5 bullish candles in Daily we can see correction), we may see the price touches the 1965$ level and start reaching 2050$ which can also be a strong resistance level.
OANDA:XAUUSDLong
by HubAlgo
JSWSTEEL getting ready for next upmove?After an extraordinary bull run from March 2020 to April 2021, JSW steel has been consolidating from the past one year. It has already given a breakout from flagpole pattern and has reached its ATH which is 776.50. RSI is looking very strong as it is above 60 in the weekly TF. Looks like a good swing as well as positional trade if it sustains above 775 . One can add on dips upto 725-730. This opinion is just based on my personal analysis and not a trading suggestion.
NSE:JSWSTEELLong
by chartistamey