AUD/USD Poised for a Breakout - Key Levels in Play📉 Support: Bearish breakout below 0.6762 could lead to 0.6697
📈 Resistance: Bullish breakout above 0.6813 may target 0.6871
Keep an eye on these levels as they signal potential movements.
Breakoutsignal
GBPJPY: Awaiting Breakout frm Ascending Trend Line or ResistanceAwaiting Breakout from Ascending Trend Line & Resistance at 192.05
🔼 Potential bullish move above 192.05 targeting 199.52.
🔽 Watch for a bearish breakdown below 188.00 towards 180.09 support.
ETHUSD: Symmetric Triangle - Awaiting Breakout
BITSTAMP:ETHUSD is currently consolidating within a symmetric triangle pattern, indicating a potential breakout in either direction.
Resistance Level: $2,699
Support Level: $2,395
Watch these key levels as Ethereum nears the apex of the triangle, which could lead to a significant move.
AUD/CAD: Awaiting Breakout from Descending Trend Line➡ Awaiting breakout from the descending trend line
➡ Key resistance levels: 0.9185 and 0.9197
➡ Strong support at 0.9120
AUD/CAD is testing the descending trend line, with a potential breakout on the horizon. Traders should watch these levels for a clear directional move.
CAD/CHF: Bearish Breakout Signals Potential Downside➡ Bearish breakout from Rectangle pattern
➡ Next targets: Support levels at 0.6152 and 0.6098
CAD/CHF has broken down from a rectangle formation, indicating a bearish trend. Keep an eye on the support levels at 0.6152 and 0.6098 for potential price reactions. This setup suggests further downside potential.
AUD/JPY: Awaiting Breakout with Key Levels in Focus➡ Awaiting Breakout on either side at 99 and 96.75
➡ Resistance Levels: 101.76, 105.74 and 109.42
➡ Support Levels: 93.45 and 90.24
GRAB It Before Breakout...L&T Technology Service Ltd seen a breakout above 5800. Now its trading in range upto 4800-5800. You can watch a big upside move after breakout and its next resisence is 8000-8200...
Jubilant Pharmova Ltd: Breakout with Strong Uptrend➡ Bullish breakout above ₹876 with strong volume support
➡ Ascending trend line providing robust support
➡ Strong uptrend since November 2023
IIFL Securities Ltd: Symmetric Triangle Setup➡ Symmetric Triangle pattern observed
➡ Breakout potential on either side
➡ Resistance at ₹240
➡ Strong support at ₹178
Tech Mahindra Ltd: Strong Fundamentals and Bullish BreakoutFundamental View:
➡️ PE Ratio: 61 | ROCE: 12% | ROE: 8.63% | Market Cap: ₹1,55,031 Cr
➡️ Strong long-term financials with a 96% dividend payout
➡️ Ranked 5th out of 147 in IT Software
➡️ Global presence with diverse services across 90+ countries
Technical View:
➡️ Bullish breakout observed
➡️ Next resistance from Dec 2021 at 1,660
➡️ Ascending trend line providing strong support
➡️ RSI at 67, indicating strong momentum
➡️ Price above key moving averages (50, 100, 200-day)
Reliance Industries: Bullish Breakout and Key Resistance Levels➡️ Bullish breakout above 2,968 signaling potential upward movement
➡️ Ascending trend line providing support
➡️ Resistance levels to watch: 3,056 and 3,217
Monitoring for further action as the stock tests key levels
Gold Price Forecast for 2024 - 2025My forecast is totally based on supply & demand of the market in view of inflation and current Environmental changing heat wave direction globally and in addition to War and sactioned applied to countries which are major supplier's of oil, gas, industrial and domestic supplies. which have increased the domestic & consumable price globally which directly effects the lower middle class and poor people.
XRP gaining dominance after lawsuit victory!Welcome back to another analysis, where we dive into the latest market trends and chart the potential paths ahead!
Today, I examined the XRP Dominance chart. The chart reveals that we've broken out of a falling wedge resistance and have since retraced to retest the former resistance line as support. Additionally, a double bottom pattern has formed, accompanied by a bullish engulfing candle on the weekly chart, right at the base support line and the previous falling wedge resistance.
Notably, the volume data shows an interesting trend: XRP has seen more inflow volume than outflow, indicating potential accumulation by both retail investors and institutions.
We are currently facing additional resistance, but if we manage to break through and establish a bullish trend on the XRP Dominance chart, key resistance levels to watch will be around 3%, 4%, and 6% dominance. Historically, XRP once held 30% market dominance, and I believe this project has the strength to reach that level in the long term.
Turning to the BTC Dominance chart, it is also encountering significant resistance, suggesting a potential turning point where altcoins may outperform Bitcoin in the coming period.
Thank you for reading, and be sure to follow for more in-depth analysis like this!
For additional insights, I also share free weekly updates on X: @PuppyNakamoto.
CRYPTO:XRPUSD COINBASE:XRPUSD BINANCE:XRPUSD BITSTAMP:XRPUSD BINANCE:XRPUSDT CRYPTOCAP:XRP.D
GENUSPOWER- Bullish Breakout and Strong Volume Support
Bullish Breakout Above Resistance: The stock has broken above a significant resistance level at ₹389.10, indicating a bullish trend.
Range Trading Since July: The stock had been trading within a range from July, between ₹343.70 and ₹389.10, before the breakout.
Strong Volume Support: The recent breakout is supported by good volume, adding strength to the bullish move.
Positive RSI: The Relative Strength Index (RSI) is above 50, suggesting continued momentum in the upward direction.
IREDA Nearing Breakout Levels: Key Zones to WatchIndian Renewable Energy Development Agency (IREDA) is approaching a critical breakout zone. Currently trading at ₹244, it's positioned within a key range with strong resistance at ₹310. Keep an eye on the stock for a potential breakout above ₹254 or a breakdown below ₹233. These levels could define the next major move.
Hindalco Nearing Bullish BreakoutHindalco Industries Ltd is currently in a consolidation phase and approaching a potential bullish breakout. Key levels include Resistance 1 at 687 and Strong Resistance at 709. A decisive move is anticipated soon.
HDFC Bank Ltd - Approaching Breakout LevelsHDFC Bank is nearing a potential bullish breakout above 1,684.00, with the next resistance level at 1,794.00. The stock has been consolidating and shows signs of upward momentum. Keep an eye on these levels for a decisive breakout, which could lead to a strong move higher.
Tata Steel Ltd - Key Levels for BreakoutTata Steel is currently at a critical juncture. Watch for a potential breakout in either direction. Key resistance levels to monitor are at 169.00 and 181.00. A decisive move in either direction could signal the next major trend.
NATIONALUM: Range-Bound but Ready for a Breakout
Price Action: Trading within a range for the past few days
Potential Move: Awaiting a breakout in either direction
Breakout Alert: Stay tuned for a breakout soon
SUNTV on the Move: Bullish Breakout with Strong Volume Support
Breakout Alert: Bullish breakout confirmed
Trend: Strong uptrend with increasing momentum
Volume: Supported by strong volume, indicating buyer interest
Action: It's time to join the ride!
OIL India Approaching Breakout: Resistance Turns SupportOIL India Ltd is nearing a potential bullish breakout as the stock consolidates above the former resistance, now turned support, with strong volume backing the move.
TATASTEEL : Awaiting Breakout Either DirectionIn Box range from few days.
Awaiting Breakout in either direction #BreakoutSoon
Patanjali Foods Ltd: Bullish Breakout with Strong VolumePatanjali Foods Ltd has demonstrated a significant bullish breakout supported by strong volume. The ascending trend line confirms the upward momentum. This breakout signals potential for further upward movement, as indicated by the strong buying interest and RSI close to the overbought zone.
