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Bullishmomentum

SWING IDEA - MEGASOFTNSE:MEGASOFT 's stock price has been retesting around the 50 resistance level for approximately one and half years. Following multiple retest, the stock finally broke out above this level in December 2023 and has since established it as a key support. The stock subsequently surged to a peak of 107, representing a 104% increase. However, it then experienced a sharp correction, plummeting 50% to revisit the 50 support level again. This pivotal point, formerly a resistance, has now become a robust support. Currently, MEGASOFT is exhibiting an upward momentum, poised to retest its swing high at 107. The weekly MACD crossover, occurring after the establishment of support at 50, indicates a bullish trend reversal. Immediate Short Term Target as mentioned in the chart with a potential to reach 13% from current Price Point is also observed. KEY OBSERVATIONS: - One year resistance level of 50 broken in December 2023 - Stock surged 104% to 107 before correcting 50% - 50 level now serves as robust support - Weekly MACD crossover indicates bullish momentum - Upward momentum poised to retest swing high at 107 RECOMMENDATION: Based on this technical analysis, I would recommend holding MEGASOFT for a Long Term horizon. This could potentially yield: - 37% returns from the current price (as of writing) - 104% returns from the support point (50) This analysis highlights a compelling buying opportunity in MEGASOFT, driven by its breakout and momentum reversal. IMPORTANT NOTE: Investors should be aware that there is a possibility that the stock may revisit this Support level at 50 in the near future before resuming its upward momentum towards the swing high at 107. This potential pullback should be monitored closely, and investors may consider adjusting their strategies accordingly. DISCLAIMER: This IDEA is for informational/educational purposes only and should not be considered as investment advice. The analysis presented is based on technical indicators and historical data but does not guarantee future performance. Please conduct thorough research based on financial goals and risk tolerance, and consult with a financial advisor before making any investment decisions.
NSE:MEGASOFTLong
by thepranam
SWING TUTORIAL - ABSLAMCIn this tutorial, we analyze the stock NSE:ABSLAMC (Aditya Birla Sun Life AMC Limited) identifying a lucrative swing trading opportunity following its all-time high in Oct 2021. The stock declined by nearly 57%, forming a Lower Low Price Action Pattern, but subsequently reversed its trend. At the same time, we can also observe the MACD Level making a contradictory Pattern of Higher Lows. This Higher Low Pattern of the MACD signaled the start of a Bullish Momentum, thereby also signaling a good Buying Opportunity. The trading strategy yielded approximately 114% returns in 63 weeks. Technical analysis concepts used included price action analysis, MACD, momentum reversal, trend analysis and chart patterns. The MACD crossover served as the Entry Point, with the stock rising to its Swing High Levels of 720 and serving as our Exit too. As of wiring this tutorial, we can also notice how the stock is making a breakout and retest of the Swing High levels and trying to continue its momentum further upward trying to make a new All Time High. KEY OBSERVATIONS: 1. Momentum Reversal: The stock's price action shifted from a bearish to a bullish trend, indicating a potential reversal. 2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure. 3. MACD Crossover: The successful crossover in May 2023 confirmed the bullish trend, creating an entry opportunity. TRADING STRATEGY AND RESULTS: 1. Entry Point: MACD crossover in May 2023. 2. Exit Point: Swing High Levels - 720. 3. Return: Approximately 114%. 4. Trade Duration: 63 weeks. TECHNICAL ANALYSIS CONCEPTS USED: 1. Price Action Analysis 2. MACD (Moving Average Convergence Divergence) 3. Momentum Reversal 4. Trend Analysis 5. Chart Patterns NOTE: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing Price Action, MACD movements, and Reversal patterns, traders can pinpoint potential entry and exit points. Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
NSE:ABSLAMCEducation
by thepranam
SWING TUTORIAL - ICICIPRULIIn this tutorial, we analyze the stock NSE:ICICIPRULI (ICICI Prudential Life Insurance Company Limited) identifying a lucrative swing trading opportunity following its all-time high in Sep 2021. The stock declined by nearly 50%, forming a Lower Low Price Action Pattern, but subsequently reversed its trend. At the same time, we can also observe the MACD Level making a contradictory Pattern of Higher Lows. This Higher Low Pattern of the MACD signaled the start of a Bullish Momentum, thereby also signaling a good Buying Opportunity. The trading strategy yielded approximately 88% returns in 71 weeks. Technical analysis concepts used included price action analysis, MACD, momentum reversal, trend analysis and chart patterns. The MACD crossover served as the Entry Point, with the stock rising to its Swing High Levels of 724 and serving as our Exit too. As of wiring this tutorial, we can also notice how the stock is making a breakout and retest of the Swing High levels and trying to continue its momentum further upward trying to make a new All Time High. KEY OBSERVATIONS: 1. Momentum Reversal: The stock's price action shifted from a bearish to a bullish trend, indicating a potential reversal. 2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure. 3. MACD Crossover: The successful crossover in March 2023 confirmed the bullish trend, creating an entry opportunity. TRADING STRATEGY AND RESULTS: 1. Entry Point: MACD crossover in March 2023. 2. Exit Point: Swing High Levels - 724. 3. Return: Approximately 88%. 4. Trade Duration: 71 weeks. TECHNICAL ANALYSIS CONCEPTS USED: 1. Price Action Analysis 2. MACD (Moving Average Convergence Divergence) 3. Momentum Reversal 4. Trend Analysis 5. Chart Patterns NOTE: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing Price Action, MACD movements, and Reversal patterns, traders can pinpoint potential entry and exit points. Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
NSE:ICICIPRULIEducation
by thepranam
BTC is still maintaining a very STRONG BULLISH momentumHello traders, As i analysed before, the BTC price went to our favor and went bullish hitting targets on the 1H and 30mn charts anfter making some corrections and pullbacks. the BTC is approaching a previous Monthly level of 73907 where price may get rejected and go back to a LH monthly level of 71591 giving short trades opportunities. But if price breakes the 73907 we definitely gonna reach the $90000 level next month as the overall direction and trend is bullish and price was just making corrections the previous weeks accumulating momentum to a strong bullish move. Keep watching and seize the opportunity. Good luck
Long
by YMtradingsystem
SOL ANALYSIS🔮 #SOL Analysis 💰💰 🌟🚀 There is a complete formation of Cup and Handle Pattern in #SOL in weekly timeframe. We are just waiting for a perfect breakout. If #SOL breakout with good volume then we will see a very good bullish move.🚀🚀 🔖 Current Price: $168 ⏳ Target Price:    $250 ⁉️ What to do? - We have marked some crucial levels in the chart. We can trade according to the chart and make some profits in #SOL. 🚀💸 #SOL  #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts
SWING TUTORIAL - MFSLIn this tutorial, we analyze the stock NSE:MFSL (MAX FINANCIAL SERV LTD) identifying a lucrative swing trading opportunity following its all-time high in July 2021. The stock declined by nearly 50%, forming a Lower Low Price Action Pattern, but subsequently reversed its trend. At the same time, we can also observe the MACD Level making a contradictory Pattern of Higher Highs. This Higher High Pattern of the MACD signaled the start of a Bullish Momentum, thereby also signaling a good Buying Opportunity. The trading strategy yielded approximately 80% returns in 71 weeks. Technical analysis concepts used included price action analysis, MACD, momentum reversal, trend analysis and chart patterns. The MACD crossover served as the Entry Point, with the stock rising to its Swing High Levels of 1148 and serving as our Exit too. As of wiring this tutorial, we can also notice how the stock is making a breakout and retest of the Swing High levels and trying to continue its momentum further upward trying to make a new All Time High. KEY OBSERVATIONS: 1. Momentum Reversal: The stock's price action shifted from a bearish to a bullish trend, indicating a potential reversal. 2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure. 3. MACD Crossover: The successful crossover in May 2023 confirmed the bullish trend, creating an entry opportunity. TRADING STRATEGY AND RESULTS: 1. Entry Point: MACD crossover in May 2023. 2. Exit Point: Swing High Levels - 1148. 3. Return: Approximately 80%. 4. Trade Duration: 71 weeks. NOTE: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing Price Action, MACD movements, and Reversal patterns, traders can pinpoint potential entry and exit points. Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
NSE:MFSLEducation
by thepranam
SWING IDEA - ANGELONENSE:ANGELONE 's stock price has been retesting around the 2000 resistance level for approximately two and half years. Following multiple retest, the stock finally broke out above this level in October 2023 and has since established it as a key support. The stock subsequently surged to a peak of 3895, representing a 87% increase. However, it then experienced a sharp correction, plummeting 45% to revisit the 2000 support level again. This pivotal point, formerly a resistance, has now become a robust support. Currently, ANGELONE is exhibiting an upward momentum, poised to retest its swing high at 3895. The weekly MACD crossover, occurring after the establishment of support at 2000, indicates a bullish trend reversal. KEY OBSERVATIONS: - Two-year resistance level of 2000 broken in October 2023 - Stock surged 87% to 3895 before correcting 45% - 2000 level now serves as robust support - Weekly MACD crossover indicates bullish momentum - Upward momentum poised to retest swing high at 3895 RECOMMENDATION: Based on this technical analysis, I would recommend holding ANGELONE for a Long Term horizon. This could potentially yield: - 35% returns from the current price (as of writing) - 87% returns from the support point (2000) This analysis highlights a compelling buying opportunity in ANGELONE, driven by its breakout and momentum reversal. IMPORTANT NOTE: Investors should be aware that there is a possibility that the stock may revisit this Support level at 2000 in the near future before resuming its upward momentum towards the swing high at 3895. This potential pullback should be monitored closely, and investors may consider adjusting their strategies accordingly. DISCLAIMER: This IDEA is for informational/educational purposes only and should not be considered as investment advice. The analysis presented is based on technical indicators and historical data but does not guarantee future performance. Please conduct thorough research based on financial goals and risk tolerance, and consult with a financial advisor before making any investment decisions.
NSE:ANGELONELong
by thepranam
GOLD 1H & 4H CHART ROUTE MAP UPDATEHey Everyone, Great start to the week with our 1H chart hitting two bullish targets 2730 and 2739 and one remaining at 2747, which will be further confirmed with ema5 lock above 2739. 1H CHART ROUTE MAP This 4H chart had ema5 lock above 2715 opening 2737, which was also hit perfectly completing this setup. A PIPTASTIC start to the week!!! We will now look for ema5 lock above 2737 to confirm the range above or failure to lock will follow with a rejection to test lower Goldturns for our reactional bounces. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2737 (EMA5 LOCK ABOVE 2715 WILL FURTHER CONFIRM THIS) - DONE EMA5 CROSS AND LOCK ABOVE 2737 WILL OPEN THE FOLLOWING BULLISH TARGET 2760 POTENTIALLY 2779 EMA5 CROSS AND LOCK ABOVE 2779 WILL OPEN THE FOLLOWING BULLISH TARGET 2797 POTENTIALLY 2814 BEARISH TARGETS 2715 2693 EMA5 CROSS AND LOCK BELOW 2693 WILL OPEN THE FOLLOWING BEARISH TARGET 2669 EMA5 CROSS AND LOCK BELOW 2669 WILL OPEN THE SWING RANGE SWING RANGE 2640 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
8
BTC Shows Bullish Momentum with Potential for Explosive RallyMarket Overview: Bitcoin's price action has turned increasingly bullish, making higher highs since late August, signaling a notable shift in momentum. The $50,000-$55,000 support zone held strongly in early September, followed by a formation of a higher low, indicating strong buyer interest. Key Levels to Watch: Resistance: $70,000-$72,000 Potential Target: $100,000 to $120,000 Outlook: If Bitcoin successfully clears the $70,000-$72,000 resistance level, we may witness an explosive rally, possibly leading Bitcoin to reach new heights between $100,000 and $120,000. Given Bitcoin's historical tendency to lead the cryptocurrency market, a breakout could initiate a new altcoin season, driving further gains across the broader crypto market. #Bitcoin #BTC #CryptoMarket #BullishMomentum #AltcoinSeason
BITSTAMP:BTCUSD
by Richtv_official
I REALLY LIKE BITCOIN'S STRUCTURE But what we need to see first?As you can see, the beast has awakened in recent days, and the mother of all cryptocurrencies is back. It’s crucial to use Bitcoin’s analysis as a base because it’s the crypto that drives the entire cryptocurrency market in general. So, rest assured, if Bitcoin wakes up, the crypto market will be alive! The Beast has awakened, and we are very close to $70,000. The key lies in two very important points that I will highlight in yellow on the chart. Point 1 (P1): VOLUMETRIC CANDLE. The impulse of the volumetric candle that gave the price its bullish strength—these types of candles are the fuel that the price needs to propel itself and reach new highs. Point 2 (P2): DIVERGENCE. If we look at the two EMAs (8 and 21), they are very extended. I use these EMAs as a reference to confirm there’s strength in the price. Whenever these two EMAs start to widen from each other, it's when the price begins to make a decision and show strength to either continue its trend or maintain momentum. But hold on! Don’t celebrate just yet. To reach the All-Time High, we’re likely to see one or two pullbacks first. It all depends on the volatility we’ll see in the coming days. Our short-term goal is for BTC to reach $70,000, and after hitting that target, we’ll be very close to seeing BTC surpass its all-time high once again. In my personal opinion, I think the most difficult stage for Bitcoin is not reaching $70,000, but surpassing $71,800 level Let’s see what the week has in store for us. Thank you for supporting my analysis.
COINBASE:BTCUSD
by RocketMike111
SWING TUTORIAL - RALLISIn this tutorial, we analyzes the reversal of NSE:RALLIS 's 50% decline, identifying key technical indicators that signaled a buying opportunity. We'll explore how to recognize bullish momentum and optimal entry points using chart analysis. NSE:RALLIS reached its all-time high at 362 before experiencing a significant downturn. However, the stock began forming support levels near 200 in June 2022 and retested this level again in May 2023. Key Observations: 1. Support Levels: The stock consistently found support at ₹200, indicating a potential reversal. 2. MACD Indicator: The Moving Average Convergence Divergence (MACD) line showed steady upward momentum, signaling increasing bullish pressure. 3. MACD Crossover: The successful crossover in June 2023 confirmed the bullish trend, creating an entry opportunity. Trading Strategy and Results: Based on this analysis, our entry point was established at the MACD crossover. The stock subsequently rose to its swing high levels, yielding approximately 85% returns in just 57 weeks. Note: This case study demonstrates the effectiveness of combining technical indicators to identify bullish momentum. By recognizing support levels, MACD movements, and consolidation patterns, traders can pinpoint potential entry points. Would you like to explore more technical analysis concepts or case studies? Share your feedback and suggestions in the comments section below.
NSE:RALLISEducation
by thepranam
11
CNVS LONG TERM HOLD PAYING OFF. Looking forward to staying above 2.74 heading to test 3.94 with the momentum. ER COMES NOV 11 they continuously make revenue yoy and have been a positive company thru dark times of covid and stock market reset. Held thru and avd down ! Levels to stay above 2.70 Future tests 3.94 , 5.06 Onward to the volume held on at 10$ potentially with a insanely bullish run. There could be a deal in the making, not sure but there is massive momentum. Looking to take profit at 4.20$ if trend continues but holding most of the shares for closer to nov 11
NASDAQ:CNVSLong
by Cariboostonks
Gold reached all-time high and hit weekly targetHello traders, As you can see gold reached all time high time record.And reached the weekly target as anticipated, so the analysis went to our favor and gave us a Great trade. After gold broke the fourr hour level, it Made a break and a retest and made a rebound on the one hour time frame at exactly 2673 The bullish momentum took place againand buyers.Took control of the market and pushed gold higher and higher until reached the weekly target. After this long run making a tree leg extension as you can see on the chart, there is a high probability that the market will reverse.And we might see a huge sell off of gold in order to breathe until.Buyers and bullish momentum comes back again and takes the gold market higher again because this is very normal. After a long run being bulish or bearish.There should always be a big.Correction. Remember.After every long run there is a steep pullback and that's what we gonna see in the coming days. So guys.Be prepared for selling gold, but not this week, probably next week or the following week.
OANDA:XAUUSDLong
by YMtradingsystem
A significant update on Nasdaq today Hello traders, This is a new update of the NASDAQ market after the release of the data news.Uh uh, that came uh, stagnant stable as expicted 241K, not much happened, but as you can see from the chart, the NASDAQ market really bounced.Off of the 50 moving average and went down a little to stop out traders who were putting their stop losses.Right below the 1 hour level 20300 and that is a trick that institutions, financial and money institutions and funds due in order to stay alone in the market and get rid of all the.Other traders and as I told you before, the market may go down for a correction and still move up since.There is no real impact on the market. I'm pretty sure that the target will be still the daily level that we.Talked about.Earlier, which is?Umm. 20474.And if that level is.Are broken. We should wait for a Pull back and then look for a long trade.to go and seek the next level which will be 20744.So please keep watching that level. As long as we have a bullish momentum, we should look only for a buy trade, not a sell since the four hours. the daily chart are still bullish and there is still a bullish momentum, so we should look for a buy.trade not sell trades. Thank you for your attention and good luck for everyone and take care.
NLong
by YMtradingsystem
4
A profitable long trade on gold 15mn chartHello traders, as you can see from the chart, actually the weekly level was almost hit and.Take Profit was almost hit But because of the lack of the momentum.The trend started the move. The upper move started dying down because there was no more bullish momentum That led. That led to the.end of the the higher move, anyhow we were able to lock in some profits and the trade was pretty neat.Notice also that the move was starting from yesterday, not only today and strong momentum that took place since yesterday and the volume died down and the market started reversing This is a natural process that happens all the time in the markets after a long move and a long run, but at the end of the day.i am glad i was profitable
OANDA:XAUUSD
by YMtradingsystem
Along position on XAUUSD on the 15mn chartAs you can see from the chart.I'm on a long position on goal.4X.I'm setting setting My target at 2689.In making my my.Stop loss.My stop loss at At 2662 and.Sitting on my hands and.I I saw, I saw that, I saw that the market started correcting and making a move downward, but that was just a correction. That's a normal.A normal.Process in the market.Whenever there is a move upward or downward, the market should have some kind of rest and then.Retain its original direction. Here we are having a move upward and we're waiting to reach our target.You have to be patient and sit on your hands, do not panic after making your setups and everything, uh, do not try to close your position earlier so that you miss the opportunity to make money on the market.So let's wait and see what's gonna happen. There is a high probability that the market is going to hit our target. Once it hits the target, we might see some reversal.To the downside because.The goal has reached all time high record and there will be probably a move downward and if you want to take another trade, a short trade, you may take that. But.Make your target.To the next level, then you can see on a chart.All right, go log everyone and let's make money together.
OANDA:XAUUSDLong
by YMtradingsystem
Gold is moving higher because of a stong bullish momentumHello traders. Today I'm going to try.I'm gonna try to give my analysis about the gold market. As you can see from the chart, the there is a high or big.Bullish momentum that that.Pushing the market to move higher after.There are many corrections that happened recently and from from a top down analysis point of view I can see.The bullish The high bullish momentum is getting involved in the market and the the buyers are taking over the.The gold market to push it higher to reach the 2700 something spot.And.From the weekly and the daily and the 4 hours.Chart you can see that there is a high probability to move higher and to reach all time high record.
OANDA:XAUUSDLong
by YMtradingsystem
SWING IDEA - MANAKSTEELNSE:MANAKSTEEL 's stock price has been consolidating around the 50 resistance level for approximately two years. Following multiple tests, the stock finally broke out above this level in January 2024 and has since established it as a key support. The stock subsequently surged to a peak of 107, representing a 114% increase. However, it then experienced a sharp correction, plummeting 50% to revisit the 50 support level. This pivotal point, formerly a resistance, has now become a robust support. Currently, MANAKSTEEL is exhibiting an upward momentum, poised to retest its swing high at 107. The weekly MACD crossover, occurring after the establishment of support at 50, indicates a bullish trend reversal. KEY OBSERVATIONS: - Two-year resistance level of 50 broken in January 2024 - Stock surged 114% to 107 before correcting 50% - 50 level now serves as robust support - Weekly MACD crossover indicates bullish momentum - Upward momentum poised to retest swing high at 107 RECOMMENDATION: Based on this technical analysis, I would recommend holding MANAKSTEEL for a Long Term horizon. This could potentially yield: - 50% returns from the current price (as of writing) - 99% returns from the support point (50) This analysis highlights a compelling buying opportunity in MANAKSTEEL, driven by its breakout and momentum reversal. IMPORTANT NOTE: Investors should be aware of an unfilled gap between 60 and 60.25, which remains open. There is a possibility that the stock may revisit this level in the near future before resuming its upward momentum towards the swing high at 107. This potential pullback should be monitored closely, and investors may consider adjusting their strategies accordingly. DISCLAIMER: This IDEA is for informational/educational purposes only and should not be considered as investment advice. The analysis presented is based on technical indicators and historical data but does not guarantee future performance. Please conduct thorough research based on financial goals and risk tolerance, and consult with a financial advisor before making any investment decisions.
NSE:MANAKSTEELLong
by thepranam