XRP doubts for long positionI am trying to create a plan for XRP. As far as I know, this cryptocurrency carries a high level of risk. However, the chart appears to be very bullish to me after a prolonged period of consolidation. My strategy is to wait for it to reach one of the current fair value gaps on either the 4-hour or daily timeframe, and then make a move. XRP has already formed a swing low, so I anticipate a new swing high to be reached soon. BINANCE:XRPUSDT
Breakouts
Descending Channel on USD/CHF @ D1This descending channel pattern has formed on the daily chart of the USD/CHF pair following a rising trend that lasted from the start of the year till May 1. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss can be set to the low of the candle preceding the breakout candle. It's not shown SL isn't shown on the chart. I will ignore bearish breakouts from this descending channel formation.
GBPUSD under sell pressureBased on the chart on 1H timeframe , It expect that the support line hold the price above 1.2830 but this area break clearly and price dropped.
So I have bearish outlook to this chart.
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Intraday, AMB, 0.008050, LONGIntraday idea.
The token is stronger than the market and does not react to BTC rollbacks, sellers keep the price at the level itself and do not allow it to roll back even after a false breakout, a large accumulation below the level can serve as a source of the initial breakout impulse. There is emptiness ahead; nothing will stop the token from moving forward.
TURBO/USDT: LONG TRADE SETUP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
TURBO looks good here for a long. It breaks out from an descending triangle pattern and is currently retesting. Long some here and add more in the dip.
Entry range:- $0.0055-$0.0057
Targets:- $0.0062/$0.0068/$0.0073/$0.0078
SL:- $0.0052
Lev:- Use low leverage (Max 5x)
GM BREWERIES - TECHNICALS plus FUNDAMENTALS - A STOCK TO INVESTINVESTMENT PICK of the year -- MONTHLY TIME FRAME BREAKOUT 🚀🚀
TECHNICAL VIEW
Overall view - - Technically this stock has given a shiny breakout in Monthly Time Frame of downward sloping trendline which suggest the stock have more potential and more bias upside.
Again, As per Elliot Wave theory, the stock has entered the 3rd wave which is the momentum wave in monthly timeframe.
KEY POINTS (TECHNICALS)
- Stock is trading All Time High
- It has given breakout in monthly time frame with power pack intensity of volume
- RSI (relative strength index) is above 70 in monthly as well as in weekly time frame which give momentum to the stock
- Price challenging upper Bollinger band which indicated the initiation of wave 3rd
LET'S TALK ABOUT FUNDAMENTALS
- Company's profit and sales are in increasing order 📈
- Company is fully debt free which gives an extra edge to company's growth
- Promoter's holding is 74% which is actually very good
- FII has increased its stake in last quarter
- Company's Price to Earning ratio (P/E ratio) is just around 13.9 to 14 compared to industry PE which is around 32, that indicated that the company is doing great in the industry and have more potential to grow in this industry
SOURCE- SCREENER.in and ticker finology
Conclusion
The stock is having bullish bias in long term as well as in short term analysing both - Fundamentally plus Technically, it can give us targets of 1300-1400 in long term, buying and averaging will be between 850 to 750
Disclaimer
I am not SEBI registered. consult your financial advisor before any kind of investment. All the studies and ideas posted here are for educational purpose.
THANK YOU
KARANN DINGRA 💰
About The FX Crash & Cash IndicatorThe FX Cash & Crash Breakout indicator is a powerful Forex trading indicator on TradingView. Crash (consolidation or ranging market) and Cash (breakout from consolidation into a long or short trade).
It uses Heikin Ashi candle bars in combination with real price on the hourly chart to smooth price fluctuations and identify early range-bound price action breakouts. Consecutive gray bars indicate a crash move into a sideways market. A breakout occurs when it goes from a sideways market to either either green or red bars indicating the opportunity to cash in on a trending short or long market opportunity. While primarily designed for intraday trading, it can also be utilized for swing trading. It's crucial to use strict trading discipline, gain basic knowledge of trading practices, and focus on risk management. This indicator was created to enhance your marketing strategy.
Lifetime High BreakoutTechnical Analysis -
All time resistance at Rs.305 has been broken with high volumes. Vstop is also positive both in weekly as well as monthly charts.
Fundamental Analysis (FY 23-24) -
Revenue up by 45% (YoY)
PAT up by 42% (YoY)
PAT Margin is 12.6%
RoE 121%
RoCE 81.6%
Capex completed recently in April 2024. New plant which doubles the capacity of production of steel strapping, has gone live in May.
Picturesque Cup&HandleThis is a proper cup and handle, buy the breakout right at the all-time high or wait until it clears the all the high and comes back to confirm resistance. I will be buying to open as soon as price reaches new highs
Buy to open = 169.07
1st Profit Target = 175
Stop Loss = 164.20
Could Altcoins Rise This Weekend? Here's What We're Watching!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be much appreciated!
Total2 (Altcoin Market Cap) Update:
Total2, which tracks the total market capitalization of all cryptocurrencies excluding Bitcoin, appears to have broken out of a falling wedge pattern in the 4-hour timeframe. The price is also holding above the 50-day Moving Average (50MA), which can be a sign of support.
Expecting a good bounce in Alt M.cap up to $1.12T in the next few days. Keep a close eye on your favorite Alts this weekend.
What are your thoughts on Total2's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Thanks!
RNDR: break pattern📊Analysis by AhmadArz:
🔍Entry: 9.780
🛑Stop Loss: 9.200
🎯Take Profit: 10.270 - 10.787 - 11.304 - 11.811
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
GMR AIRPORTS INFRA LEVELS FOR SWING TRADING 18/06/2024STOCKS FOR SWING TRADING (SHORT TERM) 18/06/2024
NO.5
#GMRINFRA
Buy Price - 94 (CMP 93)
SL - 80
TARGET - 115, 130 (25 - 40%)
@jagadheeshjp
Disclaimer : All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
CASTROL INDIA LEVELS FOR SWING TRADING 18/06/2024STOCKS FOR SWING TRADING (SHORT TERM) 18/06/2024
NO.1
#CASTROLIND
Buy Price - 200 (CMP 203)
SL - 185
TARGET - 230 (15%)
@jagadheeshjp
Disclaimer : All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
IRCTC - Ready for a HUGE move? Aiming around 80%+ gains! IRCTC is set to double once it clears key resistance levels!
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Weekly TF View:
Here's the plan:
- Critical Level: Watch for a daily candle close above ₹1000. This signals the first entry point around ₹1027.
- All-Time High Alert: If the weekly candle closes above ₹1300, prepare for a potential Marubozu candle, indicating strong bullish momentum. This will be our second entry point.
- Strategy: Entering before the breakout to catch the bottom. Remember, risk management is crucial. The market is supreme; we adapt.
- Price is bouncing from the important fibonacci support area. Showcasts buyers are strong!
Let’s wait and watch the show unfold!
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Stay tuned for updates as IRCTC approaches these critical levels. Happy trading!
Disclaimer: This is NOT a buy/sell recomendation. This post is meant for learning purposes only. Please, do you due diligence before investing.
Thanks & Regards,
Anubrata Ray
Fresh Uptrend in MTARTECHStock Analysis
MTARTECH is starting a new trend after a significant correction.
An ABCD pattern has been identified, signaling the beginning of a fresh uptrend.
Volume is increasing along with price appreciation, indicating strong buying interest.
A strong base has been formed, supporting the new trend.
Trading Strategy
Target and Stop Loss: All levels for shorter and longer duration trades are mentioned on the chart.
Trade Recommendation: Consider positional trading based on the chart analysis.
This setup looks promising for both short-term and long-term trading. Trade with confidence!
Breakout in DivisLabStock Analysis
DivisLab had been stagnant since October 2021 but has recently broken out.
Today's volume indicates significant upside potential.
Trading Strategy
Short-term and Long-term Trading: Both stop loss and target levels for short-term and long-term trades are mentioned on the chart.
Short-term: Follow the specific levels for quick gains.
Long-term: Use the indicated levels to capture extended growth.
This breakout looks promising for both short and long-term trades. Trade with confidence and follow the chart levels!