Get started

Breakouttrading

GMR INFRASTRUCTURE MONTHLY BREAKOUT PREEMPTING📈 Stock Update: GMR Infrastructure (GMR) 🚀 Exciting developments on the charts! 📊 GMR Infra seems to be exhibiting a classic rounding bottom pattern on the monthly chart. The recent breakthrough of resistance, accompanied by a gap up, adds a bullish twist to the narrative. 📈 Key Points: Pattern Recognition: Monthly chart showcases a promising rounding bottom formation. Bullish Signal: Resistance crossed with a gap up, a strong indication of positive momentum. Short-Term Target: Eyeing a short-term target of Rs118 with sl of 78 🔍 Analysis: The technical seem aligned for a potential breakout. Always crucial to conduct thorough research and keep an eye on market trends. Remember, the market is dynamic, so continuous monitoring is key. 📆 Timeline: For those considering a short-term play, keep an eye on the evolving market conditions and news that might impact GMR Infra's performance. Let's keep the discussion open! What are your thoughts on this setup? 🤔💬 #StockMarket #TechnicalAnalysis #GMRInfra #Investing #Finance
NSE:GMRAIRPORTLong
by satyam15
FXS Expanding T-Pattern Analysis: Potential Breakout and Grow?!🍣📈This analysis examines the expanding triangle pattern formation and assesses the potential for a breakout and subsequent price growth. 📈Expanding Triangle Pattern: An expanding triangle pattern has been identified, characterized by rising highs and falling lows. This pattern indicates a buildup of market indecision and uncertainty. 📉🔺Breakout and Resistance Levels: A breakout above the daily resistance level could signal a bullish trend reversal and potential for further price appreciation. The next daily resistance level would then become the target for the upward movement. 📊🔺RSI Confirmation and Volume: A break above the RSI trendline would provide additional confirmation of the bullish breakout. Increasing trading volume alongside the breakout would indicate strong momentum and support the upward trend. ⛔Important Considerations: False breakouts are a possibility with expanding triangle patterns, and traders should exercise caution. 🔽Additional technical indicators and market sentiment analysis can help validate the breakout and provide trade entry and exit signals. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.🚫
Long
by solinash1
4
ETHUSD - Fed Fights Crypto Ethereum Rallies LONGETHUSD on the 60 minute chart has had high volatility in March along with other cryptocurrencies. the SEC is taking Ethereum to federal court so it can designate it as a "security" and subject to the SEC and all that it does. In early March, ETHUSD trended up getting resistance from the second upper VWAP band in purple and support from the underlying bandline. A deep ten day pullback into the support of the second lower band line in thick purple then ensued. Price is now in the process of rising to the mean anchored VWAP in black supported bu the thin blue first lower VWAP line. The predictive algorithm of Lux Algo founded on analysis and look back of the regression line forecasts the leg up to test that mean VWAP line. I entertain a long entry here.
BITSTAMP:ETHUSDLong
by AwesomeAvani
2
XRP - 500x Your MoneyHello Traders, welcome to today's analysis of XRP. -------- Explanation of my video analysis: In 2017 XRP created a massive triangle breakout which was followed by a +50.000% rally towards the upside. This rally then ended in 2018 and XRP has been trading sideways ever since. However there is once again a triangle formation and XRP is about to break out, which could then lead to a similar rally compared to the breakout rally we saw back in 2017. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
CRYPTO:XRPUSD
by basictradingtv
23
Bitcoin Cash: History Repeating Itself?Bitcoin Cash: History Repeating Itself? Bitcoin Cash (BCH) is a fork of Bitcoin that was created in 2017. BCH has a history of forming long sideways patterns, followed by sharp breakouts. The pattern: Sideways accumulation: BCH typically spends 200-300 days in a sideways accumulation pattern. Breakout: After the accumulation phase, BCH breaks out of the pattern and rallies sharply. Magnitude of the breakout: The breakouts typically result in a 2-2.5x increase in price. Is history repeating itself? BCH has been trading in a sideways pattern since May 2022. This suggests that the accumulation phase is nearing its end and a breakout could be imminent. Factors supporting a breakout: Increased development activity: There has been a significant increase in development activity on the BCH network in recent months. Growing adoption: BCH is becoming increasingly adopted by merchants and businesses. Positive technical indicators: The technical indicators for BCH are bullish, suggesting that a breakout is likely. Potential targets: 3300.
BINANCE:BCHUSD.PLong
by Yaroslav_Krasko
4
PDD - Crazy PA Today!! What to look out for going forwardThere is clearly (proven) plenty of room for this to go up. Question is, what was today all about? To be honest, I'm just as confused as you may be especially with the very solid earnings that were reported and future growth outlook. So I'm going to continue to stay away from the fundamentals and leave that to Sir Powell (purple tie, what'd I say about purple ties!!) There is further growth opportunity here and I will be on the lookout to find it. Stay tuned for further developments! Happy Trading :)
NASDAQ:PDDLong
by ReigningTrades
1
PDD - Our patience paid off! Our "lines" tell us everythingWe finally got the breakout we were waiting for on PDD and the makers set us up perfectly for a post-earnings gap up. Happy for everyone who followed along our analysis and held strong on this one. Or maybe even added on the dip like I did. We can expect some resistance at top of yellow here before a retest of white tapered selling and then an attempt to breakout of orange tapering again. See you all there! Happy Trading :)
NASDAQ:PDDLong
by ReigningTrades
#Archean chemical above 680 udne ko taiyar hai kya?Archean chemical since Feb'23 multiple times has tested resistance of 680/677. A day close above this level can bring fast movement and take this towards 1)716 2) 733 3)772 4) 813 5) 855 6) 862 7) 915(imp level). Once 855 is crossed I will bring trailing sl of remaining quantity at 772/813 and will try to ride the trend. Since chemical sector is currently under pressure it can take some time to give meaningful return so patience will be the key. If after breaking out above 680 it goes below 590 then it will lose its steam which will be exit sign for me.
NSE:ACILong
by ssudhirsharma11
Tesla - Confirmed BreakdownHello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: For more than three years, Tesla stock has been trading in a bullish flag formation. Two months ago Tesla once again retested the upper resistance trendline and failed to break out towards the upside. There are two major support levels below current market price which I do expect Tesla to retest. Then you can absolutely consider long setups again on Tesla stock. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:TSLA
by basictradingtv
9
Bitcoin - Triangle BreakoutHello Traders, welcome to today's analysis of Bitcoin. -------- Explanation of my video analysis: After the quite expected break and retest on Bitcoin in December of 2022, Bitcoin started the next bullrun with a move of +350%. Furthermore Bitcoin is about to break out of a long term ascending triangle formation which could lead to seven-figure price targets. But first I am waiting for a retest of the level mentioned in the analysis to then add to my long positions. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
BITSTAMP:BTCUSD
by basictradingtv
7