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Ashoka Buildcon, Bullish Trend with Multiple ConfirmationsTechnical Analysis of Ashoka Buildcon Ltd. Overview: Ashoka Buildcon Ltd. has recently demonstrated a bullish breakout from a classic Cup and Handle chart pattern, supported by robust trading volumes. This pattern, known for its bullish implications, suggests a strong potential for continued upward momentum. Volume Analysis: A noteworthy observation in the volume analysis is the stark contrast in trading volumes during price movements. Each time the stock price declined, the volumes were very low, indicating weak selling pressure. Conversely, during price increases, the volumes were aggressively high, reflecting strong buying interest and investor confidence. Elliott Wave Analysis: According to Elliott Wave theory, Ashoka Buildcon Ltd. appears to have commenced the third wave of the third wave (wave 3 of wave (3) of wave ((3)). The third wave in Elliott Wave structure is typically the most powerful and significant, often characterized by rapid and sustained price advances. This suggests that the stock could experience a substantial upward trajectory in the near future. Technical Indicators: RSI (Relative Strength Index): The RSI is currently showing strong bullish momentum, consistently above 60 and 70 across daily, weekly, and monthly time frames. This indicates sustained strength and buying interest. MACD (Moving Average Convergence Divergence): The MACD is positively aligned across all time frames, reinforcing the bullish outlook. Cup and Handle Pattern: Breakout: The bullish breakout from the Cup and Handle pattern is a significant development, often indicating the start of a strong upward trend. Targets: Based on the pattern, potential targets can be projected by measuring the depth of the cup and adding it to the breakout point. Specific targets will depend on the exact dimensions of the pattern on the chart. Stop Loss: To manage risk, a stop loss can be placed just below the handle's low or the last significant swing low, ensuring protection against unexpected downturns, which is possibly in market. Key Insights: Chart Analysis: "The chart says everything; we just have to be able to hear." This highlights the importance of paying attention to the technical signals and patterns, which currently point towards a bullish future for Ashoka Buildcon Ltd. Bullish Outlook: With the confluence of strong technical indicators, a significant Elliott Wave setup, and a confirmed Cup and Handle breakout, the stock looks very bullish going forward. Investors should monitor the invalidation level at the last swing lows for risk management. In conclusion, Ashoka Buildcon Ltd. presents a strong bullish case with multiple technical factors aligning to support a positive outlook. The combination of high volumes on upswings, a robust Elliott Wave structure, and the Cup and Handle breakout suggest significant potential for upward movement. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NSE:ASHOKALong
by RK_Chaarts
||BTCUSD|| SET TO REACH 80K IN THE NEXT MOVE!We are currently sitting in an interesting situation regarding market structure. Two bullish formations have been printed after the price broke out of the current flag formation, only to create one of the shoulders for the H&S formation as depicted in yellow. Two formations intertwined so perfectly is normally a great sign for the direction the formations dictate, as you are strengthening retail confidence, and bringing 2 groups of strategies together with a bullish sentiment. in order to be confident prices are to reach our targets, price must break the 71.6K mark and at least test it once. price does of course have to exceed all time highs of 73.9K which will be the last level of resistance before we move back into price discovery mode. I do not think the ATH will post much resistance based on the strength of current market structure. The MACD is also priming itself for a convergence run once averages break apart as they have been in consolidation for a couple days. Although my targets are set for both 81K and 87K I do expect price to get stuck once it reaches 80K as it does pose a strong psychological level of resistance. Thank you for your read, hope you found some new insights and perceptions on the BTC market structure.
COINBASE:BTCUSDLong
by Crisp_Flow
CVNA Big Bullish PotentialHey guys! Found a setup I happen to really like that Carvana NYSE:CVNA has been forming this past few months. I generally would stay away from a company/stock like Carvana, as potentially bankrupt-bound companies are not what I like to trade. But I couldn't help but realize the Cup & Handle being formed on the weekly chart currently. Below are some highlights of what I find attractive in the technical layout of this setup: - Weekly Inverse Head & Shoulders / Cup & Handle - Momentum is leaning bullish (TTM_SQUEEZE) - Bought up from $20 demand zone - Daily Chart has ema cloud bounce - Decent Volume Accumulation Limits to this / confirmation needed: - Weekly ema cloud testing key area - Monthly Ema Cloud key level as well Closing Notes: I do believe that this technical setup is very strong. I also like that not many of the fundamentals & catalysts will likely play into this as Q3 Earnings just reported. This ER also swung a profit in EPS, and sent a pop in the stock adding to some positive sentiment surrounding NYSE:CVNA Overall I am looking to go long on a bullish retest of some sort and wanted to share a setup I have not seen in a while!
NYSE:CVNALong
by ZachSap
Day Trade Idea - Solona Bullish potentiality "This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions." Currently, the market is experiencing an uptrend, with Solana encountering significant resistance on the daily timeframe. Despite this, short-term analysis suggests there may be opportunities to benefit from a potential bullish movement. Investors should carefully evaluate market conditions and consider both short-term gains and long-term implications before taking any action.
Long
by EnmiloX
1
SWING TUTORIAL - EMAMILTDThe stock had found a Resistance zone @ 602 during Aug 2021 and had started a Lower Low Pattern ever since. Eventually finding its Support Zone @ 360 during Mar 2023 after 1 Year and 7 Months. At this point notice that the Lower Low Pattern in the Price Action, however MACD slightly started showing a Higher Low formation. Hence the Convergence Divergence indicating a good move upward and also the 1st confirmation upward. Finally in July the stock showed its 2nd confirmation once it successfully exited the Lower Low Pattern Trendline with a massive huge green candle. Thus giving us our 1st Entry point at this stage which took the stock as close to the previous Resistance zone @ 602 and a safe exit as High as 31% for the Trade as well. Another cool thing to note here is the Stock also retested the same breakout zone and the MACD as well was making a new Crossover, thus indicating another fresh Entry into the stock. This trade had eventually broken the 4 Year Resistance zone @ 602 with a large volume and taking the stock as High as 67% in returns as of today. What do you think about this Tutorial? Give your comments in the Comments Section below:
NSE:EMAMILTDEducation
by thepranam
WLD/USDT ABOUT TO BREAKOUT! Ready For A Big Pump!!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. WLD looks good here. Forming an ascending triangle like structure and currently, trading inside. Accumulate in the green zone. Once it breaks out it will pump big. Entry zone:- CMP and add more up to $4.2 Targets:- $5.36/$6.44/$9.24/$12.2 SL:- Daily close below $4 Let's Discuss! What are your thoughts on WLD's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
C&H inside C&H to a 1000% soon on solid project $BTAFThe Bitcoin Trend and Forecast token, $BTAF is performing a stunning pattern: It is a Cup & Handle inside another Cup & Handle! What you see is a bigger picture, some 15 months; it has performed a very large C&H that has already broke out from handle (downward yellow channel), with target at stunning 1000% The handle of this bigger C&H formation is another C&H! This smaller handle is a perfect wedge that is sitting over the black VWAP line Targets from yellow flag is 280% from today price and it coincides with the Beam Band (thin purple line) and target from the small C&H is 100% But look at larger picture! While you go to 1000% you can make small profit takes on the way up
PANCAKESWAP:BTAFWBNB_7AC443.USDLong
by CCCLopes
ACE 29.05.24ACE 5.10-5.16 is an ideal long entry point. If BTC does not make a sudden dump, I predict that ACE coin will rebound from these levels, break the 5.7 resistance, and head toward the 6.63 resistance. Despite the risk, I am opening a small long position from these levels. Entry1: 5.41 Entry2: 5.15 Stop: 5 TP1: 5.7 TP2: 6.61 It is advisable to be cautious as BTC is still facing selling pressure . In the event of a flash crash, ACE coin could drop to levels around 4.65-4.7. What I write here serves as a note to myself. Does not include investment advice.
Long
by BarbarKalyon
Bitcoin is Going for 88 K - Cup Handle Pattern Hello My dear Traders, I am Bullish for Bitcoin for a Target of 88 K The cup and handle pattern is a technical analysis pattern used trading to identify potential bullish continuation patterns It's formed by a price movement that resembles a cup with a handle. Here's how it typically looks: Here are the stages for cup and handle pattern. First stage - Cup : The price initially forms a rounding bottom, creating the shape of a cup. This phase usually represents a period of consolidation after a previous uptrend. The up move Started from 58 K to 71k and now the cup is fully formed. Second Stage - Handle : Following the cup formation, there's a slight downward drift in this case from 71 k to 67 k in prices, forming a smaller consolidation pattern resembling a handle. I have marked the likely handle formation on the chart. range of handle is from 67 k to 71 k levels - a short lived bearish trend or we can say consolidation near the zone of resistance. How to enter Trade in Cup and Handle Pattern - The buy signal occurs when the price breaks out above the handle's resistance level, indicating a potential continuation of the previous uptrend. In this case any break above 71 K levels will be bullish for the target of 88 k on the charts. what are the confirm the Pattern Confirmation characteristics ? Volume: Typically, volume should decrease as the cup forms and increase during the breakout phase. Same in happening this case also. Depth: The cup should be relatively deep, indicating a significant retracement from previous highs. The depth of cup is from 58 k to 71 K - qualifies for adequate depth Duration: The pattern should ideally take several weeks to form, indicating a solid base of support. In this case. Seven Weeks have been taken in formation of the cup as marked on the chart. The formation of handle is still in progress for last two weeks. Completion is expected in by another two weeks. I hope this analysis of mine will help you learn something more and new about Cup and Handle Pattern in technical analysis Do follow and like / boost my work to motivate me God Bless you all
by KINGSFALCONTRADERS
GRINFRA is Sustaining @ 2 Years High Zone With Positive AttitudeOrder book as on 31st March 2024 is Rs 1,67,806 Mn During the year, Company has transferred 7 operational HAM assets to Bharat Highways InvIT Subsequent to March 31, 2024, PCOD/ COD has been received for below two projects • Transmission system in Rajgarh - COD • Galgalia-Bahadurganj (HAM) – PCOD As on date Company has total 5 projects which are operational. P ositive factors • Significant growth in the scale of operations on a sustained basis with substantial segmental diversification in the revenue stream while maintaining low leverage. Key strengths Transfer of assets to BHIT thereby enhancing its financial flexibility GRIL has transferred 100% stake in seven operational NHAI assets to BHIT and received units worth ₹1,929 crore during Q4FY24 thus enhancing its financial flexibility. Following the transfer of operational assets to BHIT, GRIL retains four operational assets in its portfolio, including one NHAI annuity project, one state HAM project, and the balance two NHAI HAM projects (one project received PCOD during Q4FY24). As indicated by the management, the InvIT units will have a lock-in period of one year from the date of the allotment. GRIL has also entered into a right of first offer (ROFO) agreement with the InvIT, pursuant to which, GRIL will grant a ROFO to InvIT, thus allowing the company to unlock its equity. Additionally, dividend income is also expected from the InvIT. Healthy outstanding order book position of the company GRIL had a healthy outstanding order book position of ₹₹18,680 crore as on December 31, 2023, as against ₹19,529 crore as on March 31, 2023, indicating revenue visibility of 2.29x of the FY23 TOI. The majority of these orders are with a price variation clause, thereby shielding GRIL’s profitability from adverse movements in the prices to an extent. The order book is also geographically diversified with presence in more than 11 states, with no state contributing to more than 25% of the order book. Furthermore, GRIL has segmentally diversified its portfolio by venturing into new segments of ropeway, multi-modal logistics park, hydro power project, transmission which is expected to reduce its dependence on the road sector. The order inflow during current year i.e. FY24 has been slow due to lower awarding in road sector. Nevertheless, healthy order book position provides revenue visibility over medium term. Expected range-bound scale of operations in FY24 with stable profitability GRIL’s scale of operations have shown a healthy growth over the last five years, despite COVID-19 related disruptions. The TOI grew at a healthy CAGR of 13% over the last five years ended FY23 from ₹4,952 crore during FY19 to ₹8,149 crore during FY23, led by strong execution capabilities. During FY23, the TOI remained stagnant over FY22 due to a low order intake and the pending receipt of the appointed date of eight HAM projects. The TOI is expected to remain almost stagnant in FY24; however, it is expected to witness minor de-growth in FY25 on Y-o-Y basis due to pending receipt of the appointed date in projects. secured in FY23. The surge in commodity prices and intense competition in the road sector led to minor moderations in the margins of GRIL, in line with other industry players, during the last five years ended March 31, 2023. Nevertheless, the margins continued to remain healthy at 16.12% for FY23. However, the margins declined to 13.32% during 9MFY24 on account of lesser execution in Q2FY24 due to monsoon and pending receipt of appointed date in HAM projects. Correspondingly, during 9MFY24, GRIL reported TOI of ₹5,532 crore as against ₹6,153 crore during 9MFY23.
NSE:GRINFRALong
by iism-ExpertTrading