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Candlestick Analysis

SWING IDEA - CHAMBAL FERTILIZERSChambal Fertilizers , a leading manufacturer of fertilizers and agri-products in India, is presenting a compelling swing trade setup with strong technical indicators. Reasons are listed below : Break of Cup and Handle Pattern : A classic bullish continuation pattern indicating potential for a significant upside. Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe highlights sustained buying pressure. 500 Zone Breakout : The price is attempting to break above the 500 resistance zone after consolidating near its all-time high, signaling strength. Prolonged Consolidation Breakout : The stock is breaking out of a consolidation phase spanning over 3 years, suggesting a fresh trend initiation. Target - 675 Stoploss - weekly close below 440 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CHAMBLFERTLong
by Visionary_Growth_Insights
GBPUSD longs to close off the week.Having a look at W1, we can see that the previous week closed strong bullish engulf. This, to me, indicates and possible shift in momentum. The current weekly opened and pushed straight down and is currently making the top side of the candle. With NFP due today in like 5-6 hours, we could see a huge buy-up of price. Having a look at the current daily, confluence for buys can be seen as the candle formation is favourable. Waiting to see a break of 1.27750 to see price continue with an immediate push to the upside. 1 hour left till the H4 close, so will most likely wait for that. :)
Long
by LeruoM
1
Will NFP give Gold a boost?In my comment yesterday, I mentioned that the price was trading within a tight range, making it better to stay on the sidelines until there is more clarity. Although the price briefly broke below both the 2635 and 2620 support levels, it quickly reversed and moved back above them. This suggests that bulls remain strong above the 2600 level, indicating that a higher low might be forming. With this in mind, I anticipate the price to continue moving upward today and in the coming days, with a clear breakout above 2650. If that happens, Gold could gain momentum and potentially reach the next significant resistance level around 2680. For now, I’m looking to buy on dips, but I will reconsider this approach if Gold closes the week below yesterday’s low.
OANDA:XAUUSDLong
by Mihai_Iacob
previous cycle - ETH vs BTC.D vs BTCBitcoin has just done the biggest dump today! from 104k to 96k. I just went through the past.. Left: ETH Center: BTC.D (dominance) Right: BTC Here we have clear visibility of the rotation of funds from BTC to ETH. We can see that on the previous cycle, after the first temporary top of Bitcoin (65k), with a bad candle closure, the dominance continued fall in down and for 2-3 weeks after, ETH registered a +70% , despite to BTC. Hope that this could help you to stay on your ALTS plan and to don't care about the FUD you're feeling with these movements.
CRYPTOCAP:BTC.DLong
by Alex_Chart
STELLAR BULLISH MOMENTUM-XLMCRYPTO:XLMUSD XLM Continuation Rally: An Analysis Bullish Arguments: PMH (Previous Monthly High) disrespected PML (Previous Monthly Low) disrespected Weekly Bullish FVG respected PWL (Previous Weekly Low) disrespected PWH (Previous Weekly High) disrespected PDL (Previous Daily Low) disrespected 4H swing low disrespected 4H Bullish FVG respected Bearish Arguments: PDH (Previous Daily High) respected 4H swing high respected Bullish 81.82%- Bearish 18.18% Trade Management: This setup involves high risk and requires close monitoring of price action. Use a tight stop-loss (SL) to manage risk, and aim for a take-profit (TP) near the 2021 ATH zone. Staying alert to market movements is critical for this trade
CRYPTO:XLMUSDLong
by Jaytradermb
EURJPY Wave Analysis 5 December 2024 - EURJPY reversed from key support level 156.00 - Likely to rise to resistance level 160.00 EURJPY currency pair recently reversed up from the key support level 156.00 (which has been reversing the pair from the start of August) standing close to the lower daily Bollinger Band. The upward reversal from the support level 156.00 created the daily Japanese candlesticks reversal pattern Morning Star Doji. Given the strength of the support level 156.00, EURJPY currency pair can be expected to rise toward the next resistance level 160.00 (target for the completion of the active wave iv).
Long
by FxProGlobal
POV : Angel One : Bullish : Cup and Handle PatternPOV : Angel One : Bullish : Cup and Handle Pattern Chart Reading: 1. Cup and Handle Pattern Completed Today (5th December '24) 2. Daily and Weekly Trend and Momentum are bullish. Concern: 1. Range Expansion so SL will be far. 2. Short Term RSI in Overbought Zone so expecting pullback soon. Action Plan : I will take Half R at Entry, Half R will be added either POA or Pullback zone. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #NiVYAMi
NSE:ANGELONELong
by kzatakia
2
Can Bitcoin reach 100k?Hello, Traders! Bitcoin price keeps reaching new all-time highs following the recent U.S. election. BTC recently surged past its previous ATH and quickly touched the 80k level. Now, many traders are wondering - how much higher can Bitcoin go before we see a correction? Based on current trends, Bitcoin can potentially reach the 84k-86k range before taking a breather. However, this will largely depend on external factors, such as Bitcoin-ETF activity, political statements, and overall market sentiment.  At the moment, market sentiment remains extremely bullish, which suggests that Bitcoin upward trend may continue for some time. However, if a correction does happen, the 74k support level will likely play a key role in determining whether the uptrend continues or not. On the other hand, BTC price might just keep pumping up to 100k before correction happens. Please don’t forget to boost this idea and leave your comments below. 
by Real_CryptoRoy
8
Mother Father and small child theory proven right again. The moves that we saw in Nifty today were volatile, insane, bullish. Bears tried their best to stem the rally but Bulls won big with Mother line on daily chart providing / confirming support and giving ashirwaad. The low for Nifty was 24295 the high was 24857. The candle moved violently between the 2 extreme points. Mother line gave proper support and pulled Nifty up again closing the day at 24708. Again proving that when Mother and Father line give support or ashirwad there can be no stopping. Support for Nifty remain at : 24385 (Strong Mother line support), 24295, 23936 and 23607 (Father line). Below 23607 Nifty can fall again in bear grip. Resistances for Nifty remain at : 24723, 24857, 25036 and 25212. Above 25212 Nifty will be totally in Bull grip. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. 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.
NSE:NIFTYLong
by Happy_Candles_Investment
POV DCAL : Consolidation Breakout: A Bullish SetupTechnical Education Insight (A) Downtrend Line: This line indicates a consistent downtrend until a breakout occurs. (B.1) Trendline Breakout: The stock breaks the downtrend line with strong conviction, marked by significant volume (B.2). (C) Consolidation Phase: After the breakout, the stock trades within a limited range for over 100 days, showing consolidation. (D.1) Fresh Breakout: Today, the stock breaks out of this range, closing above it with high volume (D.2). 200 SMA Breakout (E): The close above this key moving average further strengthens the bullish signal.
NSE:DCALLong
by kzatakia
POV : VRAJ : VRAJ IRON AND STEEL LTDPOV : VRAJ : VRAJ IRON AND STEEL LTD Chart Analysis: The price level of **240** is acting as a critical **support and resistance** zone, as evident from past behavior. Similarly, in the 209–212 zone, every time the price reaches this area, it sees buying interest, establishing this level as a strong support. Last month, the price took support at the lower levels and formed a Higher Low (HL) pattern. However, it failed to sustain above the 240 level on two attempts, showing resistance at this level. Going forward, a bullish formation was observed, breaking out with a small gap. However, after retesting the support zone, the price attempted to cross the gap again yesterday but failed to close above it. --- ? What to do Reversal Trade Play: - Consider entry above 225 with a stop loss below 209 closing Basis - Set an initial target of 240, and for further targets, re-evaluate only if the price sustains above 240 on a closing basis. 👎 What NOT to do: - Do not hold positions if the price falls below 209 under any circumstances. - Do not enter a trade unless the price crosses 225. - If the price closes below the previous day’s close on the trading day, exit the trade immediately. For educational purposes only. This is not financial advice. Please consult a professional before making financial decisions. #Disclaimer #NiVYAMi
NSE:VRAJLong
by kzatakia
US government scared traders, but investors aren't afraidHello, The US government moved 10K #bitcoin worth $963 million to Coinbase, which can fuel bearish pressure, but the market seems strong. I copied a relevant tweet into the chart. When Bitcoin inflow to exchanges goes up, the price usually goes down. It happened now. That's why the last five 4-hour candles print a bearish pattern. However, the market, according to the MACD, is still in a bullish trend. According to the Fear and Greed index, investors aren't afraid and most likely will exploit the bearish candle pattern to buy more in the bullish trend as the long position on the chart shows. The government's selling pressure will meet with investors' buying appetite. However, as long as the market remains this greedy, I don't see Bitcoin making new ATH. $99.8k might stay as a local top in the near future. So, in the upcoming week, I expect consolidation to unfold between the two white levels, $94.5k and $98.7k, in a price range marked by the white arrow, enabling large-cap altcoins to outperform Bitcoin according to the Large Caps phase of the Crypto Money Flow Cycle. The session volume profile further contributes to the idea of consolidation because there's much trading going on between the two white levels. The high volume above $94.5k is attractive to both buyers and sellers. That's why I believe the consolidation will unfold in this price zone. Regards, Ely
BITSTAMP:BTCUSD
by Elysian_Mind