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MRF Ltd. (NSE: MRF) – Technical Analysis UpdatePattern Formation: MRF Ltd. has been forming a cup-and-handle pattern over the past several months, indicating a bullish continuation. The stock has successfully tested the key Fibonacci retracement levels and is now moving towards potential breakout zones. Cup-and-Handle Formation: The rounded cup formed after the stock declined from its peak around ₹150,995 and found support near ₹115,601. The handle has now completed, as the stock consolidated within a falling wedge pattern, building strength for the next leg upwards. Key Resistance Levels: Immediate Resistance: ₹144,045 (4.26% upside) – This level aligns with the upper boundary of the wedge pattern. A breakout above this level would signal strength, confirming the end of the handle phase. Major Target: ₹161,250 (16.54% upside) – This represents the projected target based on the full breakout of the cup-and-handle pattern, leading towards a possible rally to the previous all-time highs. Support Levels: Strong Support: ₹133,298 – This aligns with the 50% Fibonacci retracement level, where the stock has shown significant buying interest during previous dips. Key Fibonacci Levels: 61.8% (₹133,475) and 38.2% (₹129,121) act as pivotal zones for any pullback in case of renewed selling pressure. Volume Profile & RSI: Volume Analysis: The recent volume spikes, especially during the approach to the wedge breakout, show accumulation, confirming investor confidence. RSI: The Relative Strength Index is approaching the 60-70 range, suggesting a healthy bullish trend without overbought conditions. Outlook: If MRF Ltd. breaks out of the ₹144,045 resistance level, it could see a swift move towards ₹161,250, a potential gain of 16.5% from current levels. Traders should look for strong volume confirmation during the breakout for additional momentum. Risk Factors: If the stock fails to sustain above ₹133,298, there could be a deeper retracement to test lower Fibonacci levels, with downside risks towards ₹129,000-125,000.
NSE:MRFLong
by AngshumanSaikia
Ethereum Continues Strong Performance with 4% Weekly GainMarket Update: Ethereum closed another strong week, with a 4% price increase, driven by buyer momentum pushing prices above $2,600. The next target for ETH is $2,800, which will act as a key resistance level. Technical Outlook: Momentum has steadily shifted bullish since September, allowing ETH to break out of the downtrend that began in March, bringing optimism back to the market. If sellers return, Ethereum has solid support at the $2,400 level, ensuring stability in the current price range. #Ethereum #ETH #CryptoMarket #PriceUpdate #BullishMomentum #CryptoRecovery #ETHTargets
Long
by Richtv_official
DOGE ANALYSIS🔮 #DOGE Analysis - Breakout 🚀🚀 💲💲 There is a breakout of Falling Wedge Pattern in #DOGE. It's a daily time frame breakout and if the price sustains this breakout then we would see a bullish price movement📈 💸Current Price -- $0.11640 📈Target Price   --  $0.17400 ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #DOGE  #Cryptocurrency #Breakout #DYOR
Long
by ZEUS_Market_Alerts
1
GOOGLE THis is what i call SOLID DESICION !! Finally, Google breaks the bearish channel! And we are still at an excellent buying price! If you're in for the long term with Google: This is what we call a SOLID DECISION! Despite the recent bad news Google has faced, like lawsuits and other security issues, fundamentally, Google has always shown strength: 0 debt, solid sales and earnings, and, best of all, it’s an innovative company. With an intrinsic value of $180 per share, it’s definitely a long-term buy. My advice always: forget the news; the numbers speak for themselves! One of the most solid financial statements in the market at a great price. Now, let's move on to the technical analysis of Google: Finally, Google breaks the bearish channel with great strength, after respecting our inflection zone (blue zone). As you can see, the price has respected this zone significantly. I’ve been analyzing Google and its rebounds in this zone for months, and we've been forecasting each movement based on the buyer pressure volume when touching this critical area. In this case, I’ve drawn a vertical line, indicating we're getting closer to Google’s next earnings report. In my opinion, the price will pull back around the $187-$168 range before continuing its bullish trend. Remember, as Google’s earnings report approaches, we’ll likely see a significant price increase. Key point: This earnings report will be crucial for Google to move closer to $191, obviously if the report is favorable, but let’s not get ahead of ourselves. First, we want it to pass the point of interest around $168. Let’s see what Google has in store for us this week... Thank you very much for supporting my analysis!
NASDAQ:GOOGLLong
by RocketMike111
The Fundamentals Titan that is Arista NetworksNYSE:ANET is a popular tech stock with strong fundamentals while valuation methods such as PE Ratio, Price to sales, etc, might be signaling that it is overvalued, the forecast projections remain strong. Arista Networks has no debt and more then 3 Assets per Liability, With more then double the Cash to cover Liabilities also growing Equity rapidly this company. The Balance sheet is a definite strength for this company! ------------------ Balance Sheet: Cash: US$6.27b Debt: US$0 Equity: US$8.43b Total Liabilities: US$3.19b Total Assets: US$11.62b ------------------ Valuation: PE Ratio: 46.63x Forward PE Ratio: 43.7x Price To Sales: 18x Price To Books: 13.5x ------------------ Idea: ------------------ Disclaimer: I am not a financial advisor and in no way am I signaling a sell, buy, or hold opinion on this stock (Arista Networks) I am just giving my personal opinion as a hobby trader, I have no certifications and I am not a financial analyst, I also may be wrong about how I feel about the stock. I want you to do plenty more research on this and the stocks you are interested in because the stock market always holds a lot of risk that may pose different risks and overall be different for each investor and trader. Please do not make opinions based on this idea or any idea. Please be careful! this post is only for conversation.
NYSE:ANETLong
by BullishCanadianInvestor
2
GOOGLE looking strong ! we identified a important area. Google needs to break the bearish sequence channel. We have discovered several inflection points that create a very important zone, which is fully respected. When the price falls into this zone, it simply bounces because historically, these inflection points (green circles) have shown a liquidity and trend action. If you can see on the 3rd circle, there is a high-volume candle that, upon rejecting the downtrend, creates a zone that could become a support zone if the price were to fall, and that’s exactly what happened in our 4th circle. GOOGL is undoubtedly showing a lot of strength; however, this coming week, Google needs to show the same strength it has demonstrated over the last two days. In other words, we need enough volume for the price to break the sequential channel and see Google back above 168 or more. We will see how it goes this week. Thank you for supporting my analysis. Best regards.
NASDAQ:GOOGLLong
by RocketMike111
1
Gold glimmers with potential as bullish sentiment prevailsToday's outlook for gold (XAU/USD) in the forex market remains bullish, driven by a combination of factors. The price is currently trading near significant resistance levels around $2,531, supported by expectations of U.S. Federal Reserve rate cuts, which would lower bond yields and make gold more attractive. Traders are particularly focused on upcoming U.S. employment data, which could further influence gold prices. A weaker-than-expected jobs report would likely push prices higher, potentially toward $2,600 in the short term. However, if the data shows strong job growth, gold may face downward pressure, with potential corrections towards $2,483-2,477
OANDA:XAUUSDLong
by BELLATRIXFX
GBP/USD: Monthly and Daily Support Could Encourage Buyers North Looking at GBP/USD from a technical point of view, it is clear the pairing is higher in the long term, recently forging a fresh YTD high at US$1.3267. Monthly Chart: Scope for Further Buying Based on the monthly timeframe, the fresh high positioned price north of resistance coming in at US$1.3111, which could now deliver support to the market. The next port of call for the monthly chart can be seen at resistance from US$1.3483; therefore, assuming US$1.3111 holds as support, further outperformance could be on the table. Daily Chart: Holding at a Decision Point The daily timeframe is interesting, as the unit trades from a decision point zone at US$1.3081-US$1.3130 formed before breaking the US$1.3142 peak established in mid-2023. As a result, this is an important zone from a technical standpoint and is currently holding ground. H1 Chart: Breakout Higher Could Trigger Buyers Looking at things from a shorter-term perspective on the H1 timeframe, a descending channel is in play, extended from the YTD high of US$1.3267. With the currency pair unable to venture south of the US$1.3110 lows fashioned last Friday (black arrows) and price action now seen breaking out above channel resistance, this could trigger GBP demand, backed by the monthly chart trading above resistance and the daily chart testing a decision point zone.
Long
by FPMarkets
SAGA ANALYSIS🔮 #SAGA Analysis  🚀🚀 As we can see that #SAGA is trading in a Descending Channel Pattern in daily time frame. Also there is a formation of double bottom pattern which indicates a bullish momentum. A perfect breakout of both pattern will make a bullish movement in #SAGA   💸 💯🚀 💸Current Price -- $1.2490 📈Target Price   --  $3.1470   ⁉️ What to do? - We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸 #SAGA #Cryptocurrency #DYOR
Long
by ZEUS_Market_Alerts