Get started

Breakout

SWING IDEA - RITESRITES , a leading engineering consultancy company specializing in transport infrastructure, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 770-800 Resistance Zone : The 770-800 level has been tested multiple times and the price is now attempting to break through this resistance, indicating strong bullish momentum. Ascending Triangle Breakout : The price is breaking out of an ascending triangle pattern, a bullish continuation pattern that suggests potential for further upward movement. Bullish Engulfing Candle on Daily Timeframe : The recent formation of a bullish engulfing candle on the daily chart indicates strong buying pressure and further supports the bullish case. 50 EMA Support : The stock is finding support at the 50-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Spike in Volume : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Target - 930 // 1030 Stoploss - daily close below 680 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:RITESLong
by Visionary_Growth_Insights
Comprehensive Analysis of CFX✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the CFX coin in the crypto market. 🗂 About the Project: CFX, or Conflux, is a decentralized platform designed to facilitate the creation of decentralized applications and to support large-scale commercial use. Known for its unique Tree-Graph consensus algorithm, it aims to provide high throughput and low latency for blockchain transactions, making it a popular choice among developers. 📅 Weekly Timeframe Analysis In this timeframe, CFX has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, CFX is at a support level of 0.1081 after a correction phase. 📈 If CFX stabilizes above 0.2336, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.5155. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if CFX falls back into the range between 0.1081 and 0.2336, and stabilizes below 0.1081, it indicates a bearish trend continuation. The next critical support level would be around 0.0539. In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. 📅 Daily Timeframe Analysis On the daily chart, CFX ranged around the 0.1955 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.1421. 🧲 Given the current setup, a stabilization below 0.1421 could signal another bearish wave. On the flip side, if the price moves above 0.1955, it could indicate the start of a bullish trend, targeting higher resistance levels. 📅 4-Hour Timeframe Analysis In the 4-hour timeframe, CFX has pulled back to the SMA99 and reached the resistance at 0.1976. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📈 For short positions, the key levels to watch are 0.1976 and 0.2611, where price reactions could provide better entry points. 📉 For long positions, critical levels are 0.1421 and 0.1081. 📊 RSI Oscillator The RSI is currently ranging between 44.24 and 55.86 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
Buying Opportunity on GBPUSDIf you're looking for a buying opportunity on GBPUSD like I am, there’s an exciting setup to keep an eye on. Current Overview: 4-Hourly Chart: - There’s a Bullish Shark Pattern nearing completion, which is a great setup for a potential buy. Buying Opportunity: Bullish Shark Pattern Completion: - Key Level: 1.2807 - What to Do: Wait for the Bullish Shark Pattern to complete at 1.2807. Strategy: 1. Magic Candle Confirmation: This is crucial! Wait for the Magic Candle Confirmation at 1.2807 before entering a long position. It increases the chances of a successful trade. 2. Stop-Loss: Include our stop-loss buffer just below the pattern completion level to manage risk. Final Thoughts: Trading the Bullish Shark Pattern can be highly rewarding if executed properly. Stay patient and wait for the confirmation before jumping in. Are you planning to trade GBPUSD? Do you have any additional insights or strategies? Share your thoughts and strategies below! Happy trading, everyone! 🚀
Long
by RaynLim
Buying Opportunities on EURUSDHere’s an exciting update on EURUSD, which has just broken out of consolidation on the weekly chart. Let’s explore the buying opportunities available. Weekly Chart: EURUSD has broken and closed above the consolidation, signaling a potential upward trend. Buying Opportunities on the 4-Hourly Chart: 1. Support Level: - Key Level: 1.0843 - What to Do: Look for a buying opportunity at this support level. 2. Bullish Shark Pattern: - Pattern Completion Level: 1.0820 - What to Do: Wait for the Bullish Shark Pattern to complete at 1.0820 for another buying opportunity. Strategy: 1. Magic Candle Confirmation: Always wait for this confirmation before entering the trade. It ensures a higher probability of success. 2. Stop-Loss: Place your stop-loss just below the entry level after our buffer to manage risk. Final Thoughts: This breakout on the weekly chart offers promising buying opportunities. Remember to stay patient and wait for the Magic Candle Confirmation before entering your trades. What’s your plan for EURUSD? Are you looking at the support level or the Bullish Shark Pattern? Share your thoughts and strategies below! Happy trading, everyone! 🚀
Long
by RaynLim
SWANENERGY BREAKOUTSwan Energy Limited (SEL) was originally incorporated in 1909 as Swan Mills Ltd. (SML), a manufacturer and marketer of cotton and polyester textile products in India. Over the years, it has diversified into real estate and is developing a floating storage and regasification unit-based liquid natural gas (LNG) import terminal at Jafrabad in Gujarat. FUNDAMENTALS Pros Strong sales growth of 249%. Significant profit growth of 584%. Good liquidity with a current ratio of 3.13. Manageable debt with a debt-to-equity ratio of 0.55. Diversified business into real estate and LNG. Long-standing market presence since 1909. Cons High P/E ratio of 76.2, suggesting overvaluation. Low dividend yield of 0.01%. Modest return ratios: ROCE 8.28% and ROE 7.03%. High price-to-book ratio of 3.65. Total debt of ₹3,440 crore. Exposure to industry volatility in the LNG sector. Overall financial strength : 73/100 TECHNICALS Prices are above 21, 50, 200 day EMA and 200 day MA. Stock corrected nearly 40%+ from the top. Weak Correction is suggesting that the supply is fading. RSI : 63; indicating buying momentum. MACD Crossover on Daily & Weekly time frame. Stock was trading in a range for 4 months and finally broke out and retested the level of 680–665. A teeny-tiny rounding bottom pattern formation. ACTION Above 750, it's a big base breakout, so one can capitalise on the momentum for a target of 795 (short-term positional). For a little longer horizon, can hold it for 892.65 and 987 levels (fundamentally good company) Aggressive traders can deploy small portion of capital above 750 if crosses with good volume spike. Safe ones can wait for a retest at 747–755 level. Now as per technical analysis, SL should be placed at around 645–650ish, but the RR isn't too fair for short term traders, so they can either place SL below the 21-day EMA. This is just my analysis and research. I shall not be responsible for anyone's loss. Happy Trading :)
NSE:SWANENERGYLong
by rohix
BDL - BREAKOUTBharat Dynamics is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence equipments. FUNDAMENTAL - Company is debt free - 1 year return : 200 % - 5 year return : 900 % - Company is generating wealth - Free cash flow 10Y : 2300 cr TECHNICAL - After 1 month of staying in a range and a few attempts of breakout, the stock is finally breaking out towards new highs. - RSI is 70 on daily which may be slightly overbought but if can be bought for a swing trade ( 3 - 5 trading days ) - Trading above 21 and 50 EMA - Bullish - MACD attempting to cross over. Overall for swing trade : BULLISH For Investment : Wait for pullback as RSI on monthly TF is 90 which is highly overbought. Place a SL If you missed your entry, wait for a pullback and enter at the retest zone or when crosses the high of the pullback. Happy Trading:)
NSE:BDLLong
by rohix
UNI Market Outlook: Trends and Levels to Watch✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the UNI coin in the crypto market. 🗂 About the Project: UNI, or Uniswap, is a decentralized trading protocol known for its role in facilitating automated trading of decentralized finance (DeFi) tokens. Uniswap is also the name of the company that initially built the Uniswap protocol. The protocol enables users to trade crypto assets directly from their wallets without relying on a centralized intermediary. ⌛️Weekly Timeframe In this timeframe, UNI has experienced significant movements. Recently, it saw a downward trend reaching a critical support level of 7.030. Following this, the price has shown some consolidation, suggesting a potential shift in trend. 📈 If UNI stabilizes above 7.030, we can anticipate bullish momentum potentially pushing the price towards the next resistance at 12.099. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if UNI falls back and stabilizes below 7.030, it indicates a bearish trend continuation. The next critical support level would be around 4.039. 📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. ⌛️Daily Timeframe 🔍 On the daily chart, UNI ranged around the 8.193 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 7.280. 🧲 Given the current setup, a stabilization below 7.280 could signal another bearish wave. On the flip side, if the price moves above 8.193, it could indicate the start of a bullish trend, targeting higher resistance levels. ⌛️4-Hour Timeframe 📈 In the 4-hour timeframe, UNI has pulled back to the resistance at 7.683. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉 For short positions, the key levels to watch are 7.683 and 8.278, where price reactions could provide better entry points. For long positions, critical levels are 7.463 and 6.945. 💥RSI Oscillator The RSI is currently ranging between 42.46 and 53.05 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
2
EUR/GBP Forex Pair Analysis: Key Levels and Market Insights✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the EUR/GBP pair in the Forex market. 🗂 About the Pair: EUR/GBP represents the exchange rate between the Euro and the British Pound. This pair is heavily influenced by economic policies, political events, and market sentiment in the Eurozone and the United Kingdom. 📅Weekly Timeframe In this timeframe, EUR/GBP has experienced significant movements. Recently, it saw an upward trend reaching a peak, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, EUR/GBP is at a support level of around 0.8383 after a correction phase. 📈 If EUR/GBP stabilizes above 0.8515, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at 0.8759. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if EUR/GBP falls back into the range between 0.8383 and 0.8515, and stabilizes below 0.8383, it indicates a bearish trend continuation. The next critical support level would be around 0.8246. 📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. 📅Daily Timeframe 🔍 On the daily chart, EUR/GBP ranged around the 0.8497 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at 0.8437. 🧲 Given the current setup, a stabilization below 0.8437 could signal another bearish wave. On the flip side, if the price moves above 0.8497, it could indicate the start of a bullish trend, targeting higher resistance levels. 📅4-Hour Timeframe 📈 In the 4-hour timeframe, EUR/GBP has pulled back to the SMA99 and reached the resistance at 0.8497. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉 For short positions, the key levels to watch are 0.8497 and 0.8531, where price reactions could provide better entry points. For long positions, critical levels are 0.8437 and 0.8388. RSI Oscillator 💥 The RSI is currently ranging between 41.44 and 50.42 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
1
BTC/USDT 4H Long Analysis: Key Levels and Market OutlookEllipse has entered a long position at 59.2K, reflecting confidence in the bullish signals present despite some concerns. 4-Hour Chart Analysis: Bullish Signals: Price breakout above the Ichimoku cloud Lagging Span (Chikou) has broken out of the cloud Lagging Line (Chikou) is clear of both price and cloud Pivot reversal (24/12) Tenkan-Sen (TK) is above Kijun-Sen (KJ) Future Senkou Span B points upwards These bullish signals indicate a potential upward momentum in the short term. Concerns on the 4-Hour Chart: Low volume in the market Price remains below the 200 EMA 100 EMA is below the 200 EMA While we have several bullish signals, the low volume and position of the EMAs suggest caution. Zooming Out to the Daily Chart: Bullish Signals: Price is above both Tenkan-Sen (TK) and Kijun-Sen (KJ) Price is above the 200 EMA on the daily chart Found support on the 200 EMA daily and monthly pivot (S1) These signals suggest a stronger bullish trend when viewed on a longer timeframe. Bearish Signals on the Daily Chart: Tenkan-Sen (TK) is below Kijun-Sen (KJ) Price is still under the daily Ichimoku cloud Future cloud (Senkou Span) is bearish Despite the bullish signals, the bearish cloud configuration and the position of the Tenkan-Sen and Kijun-Sen warrant caution. Key Resistance Levels: 200 EMA on the 4-hour chart at 61.2K Yearly pivot R2 at 62.7K Lower boundary of the daily cloud at 64.3K These resistance points are crucial levels to watch for potential price rejections. BTC/USDT shows mixed signals across different timeframes. On the 4-hour chart, several bullish indicators suggest potential upward movement, but the low volume and the EMA configuration urge caution. The daily chart shows a more pronounced bullish trend above the 200 EMA, yet the bearish cloud and Tenkan-Sen/Kijun-Sen arrangement could limit gains. Key resistance levels should be monitored closely for any breakout confirmation or potential reversals. Trade safe and always consider multiple factors in your analysis!
by Cryptonerds
ATOM: Understanding the Key Levels and Trends✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the ATOM coin in the crypto market. 🗂 About the Project: ATOM, or Cosmos, is a decentralized network aiming to facilitate interoperability between multiple blockchains. It is known for its unique consensus mechanism and ability to enable communication between different blockchain networks. Cosmos is particularly popular among DeFi and blockchain developers due to its scalability and modular architecture. 📅Weekly Timeframe In this timeframe, ATOM has experienced significant movements. Recently, it saw an upward trend reaching a peak around the $44 level, which was a critical supply zone. Following this, the price entered a correction phase with lower volume, suggesting the strength of the previous upward trend. Currently, ATOM is at a support level of $6.51 after a correction phase. 📈 If ATOM stabilizes above $8.08, we can anticipate a bullish momentum potentially pushing the price towards the next resistance at $16.07. Confirmation of a new upward trend will depend on candle stability above this level. 📉 Conversely, if ATOM falls back into the range between $6.51 and $8.08, and stabilizes below $6.51, it indicates a bearish trend continuation. The next critical support level would be around $4.50. 📊 In both scenarios, volume analysis is crucial. A healthy trend should be supported by corresponding volume without any divergence. 📅Daily Timeframe 🔍 On the daily chart, ATOM ranged around the $8.07 level before initiating another downward wave. Currently, there is noticeable bearish momentum, and the price has found temporary support at $6.00. 🧲 Given the current setup, a stabilization below $6.00 could signal another bearish wave. On the flip side, if the price moves above $8.07, it could indicate the start of a bullish trend, targeting higher resistance levels. 📅4-Hour Timeframe 📈 In the 4-hour timeframe, ATOM has pulled back to the resistance at $6.56. Volume analysis shows a decrease, indicating potential exhaustion of the recent upward movement. 📉 For short positions, the key levels to watch are $6.56 and $7.03, where price reactions could provide better entry points. For long positions, critical levels are $5.77 and $5.20. 💥RSI Oscillator The RSI is currently ranging between 31.20 and 36.56 on different timeframes. Breaking these levels could provide confirmation for opening positions. However, always use these levels in conjunction with candle patterns and volume analysis to find the best entry and exit points. 📉 Given the current bearish signals in the daily and 4-hour timeframes, alongside the potential trend change in the weekly timeframe, I am inclined to open a short position. However, this is based on my trading strategy. Each trader should base their decisions on their strategies and risk management plans. ⚠️ Please note that this is not financial advice. I'm simply introducing this project to you, and remember always to do your own research. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Short
by itsparham96
1