Nasdaq Zones: 03-Jan-2024Rise and shine, traders! Start your day with actionable Nasdaq insights. Let's grow your skills together, one chart at a time.
Candlestick Analysis
"Breakout Alert: NORTHARC Bullish Momentum with Targets of ₹260,NSE:NORTHARC
A Fresh breakout setup for "NORTHARC" with the following details:
Entry: ₹226
Current Price: ₹231.80
Targets : 1st Target: ₹260 (Key resistance zone)
2nd Target: ₹292
3rd Target: ₹340
Stop Loss: Below ₹213 (prior low)
The breakout is supported by rising volume and a bullish candlestick pattern. For optimal entry, ensure if price sustains above ₹231. A move past ₹260 may confirm strength toward higher targets.
UEMS (5148) - PropertyUEMS - Current price : RM1.08
Fundamentally broker house RHB Investment BHD give a target price of RM1.60 (19 OCT 2024 reports). The research house expect demand for property will continue to be driven by :
i) Better economic growth outlook,
ii) Influx of foreign and domestic direct investments
iii) Return of tourist arrivals
iv) Easing of the Malaysia Second Home programme
v) Major instructure developments
Technically there is a Falling Window (Gap Down) on 01 Aug 2024. As such, it may acts as a strong resistance. A breakout above that Falling Window resistance level RM1.10, may propel the share price towards RM1.20 and RM1.28 (52 Weeks High).
Based on ICHIMOKU, price manage to trend higher above CLOUD and CHIKOU LINE crosses up the cloud. This two scenario added more the BULLISHNESS outlook for the stock.
Lets monitor closely !
A breakout above RM1.10 , will trigger a buy signal.
Entry price at RM1.11 and our support will be EMA 50.
Nvidia Fib WedgeNASDAQ:NVDA
This chart looks so good like wow. Made this fib wedge and I like that I see some interesting signs of a trend. Going to discuss what I see and look at what direction this stock is going to go.
First, each time you went right through each fib to find a local high then came back down to consolidate. The interesting thing is the last 3 fibs show once you consolidated and touch the fib again it was a local bottom, which eventually led to new all time highs.
The consolidation in each zone led to a touch of the fib line and marked a local bottom. What I noticed is it looks like this happen recently again. 126.86 on a low in the candle for a close of 134.70 is the local bottom, which the last 3 times showed that you can make your way back to the highs on the stock. After making it back to highs on the stock, eventually led to new all time highs.
Comment what you think about this chart.
Comment any tips or suggestions.
NASDAQ:NVDA
EOS 30M long looking at the current market sentiment I see a short term bull move on ETH so that means also on the other altcoins.
EOS tested the demand zone on the 30M timeframe so I believe we can go bullish here for arround 3%
XAUUSD Analysis - 1/2/25Analysis on current Gold price action. I am anticipating shorts in the coming weeks. In this breakdown, I show how gold has taken out a range high and is making its way down to a range low on the weekly. Eyeing 2670 for a potential reversal to the downside.
Long entry ideaPrice is currently bullish making HH and HL. On the 4H TF price has tapped OTE and showed rejection. Waiting for a 4H bullish engulfing candle/iFVG to target -0.5 fib level.
Superverse 4H long short term trade Price is close to a strong demand level, I will place a limit order halfway the demand zone and aim for a 5 - 10 % gain
Gold is rising, there is still a chance to short gold!Bros, just like the trading strategy in my previous article, we accurately captured the trading opportunity of shorting gold near 2646 and long gold near 2636. I made over $10K in profit on two trades,which is a great trading strategy!
My original plan was to close the long position near 2650, and then go long gold again after gold faced resistance near 2655 and fell back to the 2645-2640 zone. However, at present, gold has not given us the opportunity to go long gold. According to the current structure of gold, gold may continue to rise to the 2670-2680 zone, but now we cannot directly chase long gold, so we do not have a good entry price for the time being. Then my short-term trading plan is as follows:
1. If gold falls back to the 2650-2640 zone, I will consider going long on gold again;
2. If gold does not fall back and continues to rise, then when gold reaches the 2670-2680 zone, I will try to go short on gold;
The above is my short-term trading execution plan.If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
First short gold, then go long gold!Currently, gold has risen sharply and broken through the short-term high of 2638. There is no good position to continue chasing the rise of gold. The highest gold has reached near 2646. I do not intend to continue chasing the rise of gold near this position. On the contrary, I have continued to short gold near 2646. When gold falls back to the 2640-2630 area, I will consider going long on gold!
Bros, do you think gold will retrace? If you want to learn more detailed trading ideas and get more trading signals, you can choose to join the channel at the bottom of the article to make trading no longer difficult and make making money a pleasure!
Coinbase Fib WedgeNASDAQ:COIN
Coinbase Fib Wedge chart looks so good. Noticed some good tips thought I would let others know about the fib breaks on the chart.
Each Fib line break, low before Fib to high after Fib $50 catch then consolidation.
Momentum could increase leading to an increase in the catch but consolidation every time after.
Watch Fib 1.
The last 4 Fib breaks this did occur which is good to know for Fib 1.
Looking for a nice high after Fib 1 and then some consolidation according to the past 4 Fib breaks but the bullish momentum could be very high, which is more volatility. However anyone wants to play this is your move as there is multiple good ways to play this according to what happens in the moment. Thought this was pretty cool that this happen and good to look for on Fib 1 of this chart.
Comment what you think about this chart.
Comment any tips or suggestions.
NASDAQ:COIN COINBASE:BTCUSD
Correction Wave 5 in Reliance Industries Complete? Now what?Correction phase of Reliance industries has been patience testing for it's investors. As per my personal analysis these are the 3 paths that it can probably take.
Path1) Now it can go either from a to b with stoppages. Closing above 1252 will enable Ril reach from a to d that is 1252 to 1429. If we get a breakout near 1429 upside targets will be 1452, 1479 and 1500 to 1600 range.
Path 2) The path that it can take is a to c to d to e and e to f. Which is from 1251 it can again fall to 1203 from 1203 it can again travel to 1251 from 1251 down to 1110 and from 1110 to 1379 levels.
Path 3) The path that it can also take is a to c to d to g. Which is from 1251 it can again fall down to 1203 from there it can reach 1252 and from there it can jog to 1323 levels.
Reliance is conglomerate of Oil and Gas, Retail, Green Energy, Media and Telecom, Textile etc. businesses. In the short medium or long term it will rise again in all probabilities. An investor can take a decision to hold, compound, average or add Reliance Industries to their portfolio. I have personally added a good chunk of Reliance stocks to my portfolio where it existed already. Right now Reliance is in an patience testing phase of an investor's journey. I believe that rewards will come sooner rather than later. Reliance has been part of my Portfolio since I started my investment journey so there is a chance of bias in my analysis so invest wisely after looking at the chart.
Disclaimer:The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Nifty Stages Massive Comeback. But Will The Mother Line Relent? Nifty has staged a massive comeback today on the back of FII buying today. Nifty made a high of 24226 but Mother line Resistance (50 day's EMA at 24221) pushed it back a bit and it ended the day at 24188. If the mother line relents tomorrow and if we can get a weekly closing above 24221 tomorrow Bulls have potential to take the momentum forward into January with a possibility of Budget rally.
The supports for Nifty remain at 23926, 23698 (Father Line Support of 200 day's EMA), 23494 and finally 23238. Below 23238 all hell can break loose and bears will have potential to Pull Nifty further down.
Resistances on the upper side remain at 24221 (Mother Line Resistance of 50 day's EMA) followed by 24389, 24600 and 24876 before Nifty snatches back 25K levels.
Shadow of the candle remains neutral to positive but it can turn neutral or even negative if Mother line resistance comes into play again. The best possibility for Nifty remains if it can get a gap up opening above 24221. This can happen if we get good support from International indices and Gift Nifty tonight. Tomorrow's closing will be very important as it is the first weekly closing for the year.
Disclaimer:
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Long trade
15min TF overview
Buyside trade
Mon 30th Dec 24
LND to NY Session PM
1.00 pm
Entry 15min TF
Entry 1.10361
Profit level 1.11099 (0.67%)
Stop level 1.10196 (0.15%)
RR 4.47
Reason: Observation of price action on the 15-minute TF since Mon 30th December 24 seems to be showing a buyside momentum. Entry was based on utilising the Whykoff methodology....trending inside the range Phase D and fib levels for support and resistance and to assist with directional bias.
AUD/CAD: Price Testing Weekly Support – Await ConfirmationWelcome back! Let me know your thoughts in the comments!
** AUDCAD Analysis !
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPAUD: Strong Resistance in Play – What’s Next?Welcome back! Let me know your thoughts in the comments!
** GBPAUD Analysis !
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Bitcoin will not move up before testing this demand zoneBitcoin is moving up now but that's an obvious trap to flash crash the price down on more time.
People won't expect another flash crash of arround -10% and will panic sell their BTC to the whales. From there the price will go bullish.
Why do I say this:
Big asset classes in all markets trade of supply / demand zones. That is what the big investors look at before entering the market with big money. There is a demand zone at the 90k - 87 k level that needs to be tested before the price will move up.
Same with ETH demand zones and 200MA at the 3k level needs to be tested before the price moves up.
ETHUSD , I like This , is Bullish until 4,400ETHUSD , The price has reached 50% of the previous swing, and has entered a discount! It has the potential to rise to 4,400.
AAVE/USD sell 2H On the 2H timeframe there is a nice AAVE short opportunity,
You can clearly see the supply zone there so I have a short position open with a 3% gain TP target
Bullish dollarPrice is bullish on the weekly, price broke out of a weekly resistance zone and retested it, price also formed a symmetrical triangle which broke out above with a little pullback and it's impulse move
Bitcoin , in a bad situationjust watching right now. Bitcoin could go up to 113,000 and eventually 123,000
