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Candlestick Analysis

CHAINLINK SWING TRADINGSwing trading BINANCE:LINKUSDT Seeing that the structure has been respected, I decide to open a position now. These are my arguments: Bullish arugments: Monthly PCL being disrespected Weekly PCL being disrespected Daily swing low being disrespected 4H swing low being disrespected So far I see no bearish arguments. Trade management: SL at $9.94 which that would indicate strong rejection and would power a search for liquidity at the lower end of the range. However, there does not seem to be so much weakness to look for a lower low than the September low. TP, partials could be obtained. A partial TP would be on liquidity on the buy side at $13.90 and let profits run to ITH with SL on BE once the 1TP profit is taken.
Long
by Jaytradermb
ORGABIO - Proposed Bonus Issue (Free Warrants)ORGABIO - Current price RM0.375 An analysis on price action without using any indicator. On 21 May 2024 the stock made a significant Rising Window (Breakaway Gap) and closed at RM0.405. From there, the share price made a rally until 11 July 2024, hit an intraday high at RM0.520 (surge 28% from RM0.405) and closed at RM0.475 - lower than previous session closing price. Based on JAPANESE CANDLESTICK CHARTING TECHNIQUE , it made a BEARISH ENGULFING pattern which indicates potentially a decline is coming. As expected, from that BEARISH ENGULFING pattern, price falls until 12 Sept 2024, an intraday low at RM0.325 (strong support level of RISING WINDOW zone) and bounced back higher to closed at RM0.335. As such, the support level made on 21 May 2024 is still intact. At this point, traders may view this as an opportunity to buy on support. On 02 Oct 2024, the company made an announcement to proposed BONUS ISSUE of up to 61,967,000 FREE WARRANTS in ORGABIO ("WARRANT(S)") on the basis of 1 WARRANT for every 4 existing ordinary shares in ORGABIO held on an entitlement date to be determined and announced later. After that announcement, on 03 Oct 2024 the stock made a small rising window and closed higher at RM0.360. Then for 4 days the stock test the resistance RM0.360 and finally made a breakout to closed higher at RM0.370 on 17 Oct 2024. This price action added more the BULLISH scenario for this stock. In my view, the stock may extend its uptrend as supported by : i) SUPPORT LEVEL OF RISING WINDOW 21 MAY 2024 STILL INTACT - RM0.325 ii) GOOD NEWS OF BONUS ISSUE (FREE WARRANT) Lets monitor closely !
MYX:ORGABIOLong
by IMRAN_96
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.
MYX:UEMSLong
by IMRAN_96
S&P 500 (ESZ2024) - Numerous Opportunities ScalpingVery efficiently delivered price during this week with little to no inefficiencies to the downside. This suggests a massive price to the downside if ES was to print bearish price action. $5,850 is the weekly lows is in the cards if we see a sharp retracement but due to the overall sentiment being bullish, it would be wise to anticipate longs up to $5,927.25 all-time highs but sitting back, awaiting for more data would be the best thing to do in this case. Studying Mondays price delivery will be key to detect whether the highs has been printed for the week.
CME_MINI:ESZ2024
by LegendSince
possible NZDCHF breakout looking from the 4 hour time frame we can see that the market has been in a state of consolidation retesting major level of resistance 0.52620 4 times, the current upside push is currently retesting previous level of resistance from a higher high, if you look at it on the 1hr or 30 min time frame the rejections on all these levels are very clear. Giving me the optimism of a continuous push to the upside, eventually break out of this consolidation phase
Long
by Fxphil_trade
SWING IDEA - EQUITAS SMALL FINANCE BANKEquitas Small Finance Bank , a leading small finance bank in India, is showing promising signs for a potential swing trade. Reasons are listed below : 75 Zone as a Strong Support Zone : The 75 level has proven to be a solid support zone, providing a strong foundation for a potential upward move. Bullish Hammer on Weekly Timeframe : The formation of a bullish hammer on the weekly chart, which also engulfed the previous week's candle, indicates strong buying pressure and a potential reversal from the support level. 0.5 Fibonacci Support : The stock is currently resting at the 0.5 Fibonacci retracement level, a key area where buyers often step in to push the price higher. Gradual Uptick in Volumes : An increasing volume trend suggests growing investor interest, further supporting the potential for a bullish move. Target - 95 // 105 // 115 Stoploss - weekly close below 72 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:EQUITASBNKLong
by Visionary_Growth_Insights
3
Titagarh Rail systems catching the train. Titagarh Rail Systems Ltd. operates as a holding company, which engages in the manufacture and sale of freight wagons, passenger coaches, and steel castings. It operates through the following segments: Freight Rolling Stock, Passenger Rolling Stock, Shipbuilding, and Others. The Others segment includes miscellaneous items like specialized equipment's for defence, bridge girders, tractors, and others. Titagarh Rail Systems Ltd CMP is 1197.50. The positive aspects of the company are Company with Low Debt, Rising Net Cash Flow and Cash from Operating activity, Annual Profit Growth higher than Sector Profit Growth AND Strong Annual EPS Growth. The Negative aspects of the company are High PE (PE=55.3), High promoter stock pledges AND Companies seeing significant coronavirus impact. Entry can be taken after closing above 1283. Targets in the stock will be 1338, 1509 AND 1596. The long-term target in the stock will be 1710, 1795 AND 1876. Stop loss in the stock should be maintained at Closing below 1049. 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:TITAGARHLong
by Happy_Candles_Investment
1
Kopran can climb further. Kopran Ltd. is a holding company, which engages in the manufacturing of pharmaceuticals and related products. It operates through the following business units: Formulations, and Active Pharmaceutical Ingredients. The firm's products include Amyn, Lokit, and Ciproquin. Kopran Ltd CMP is 320. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding, Annual Profit Growth higher than Sector Profit Growth AND Mutual Funds Increased Shareholding in Past Month. The Negative aspects of the company are Declining Net Cash Flow : Companies not able to generate net cash AND Stocks in the sell zone based on days traded at current PE and P/BV. Entry can be taken after closing above 321. Targets in the stock will be 330 and 342. The long-term target in the stock will be 352 AND 368. Stop loss in the stock should be maintained at Closing below 291. 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:KOPRANLong
by Happy_Candles_Investment
EUR/USD Long Counter-Trend Setup (4H/8H Timeframes)I’m looking at a long counter-trend trade on EUR/USD based on several technical confluences across multiple timeframes. Market Sentiment: Currently, risk sentiment is “risk-off,” which has pushed the dollar higher, but now we’re seeing signs of a potential reversal in both EUR/USD and the Dollar Index (DXY). Key Observations: Engulfing Candles on the Daily Timeframe: Both EUR/USD and DXY have printed engulfing candlestick patterns on the daily chart. This could signal a potential reversal, with the momentum shifting in favor of EUR/USD. Monthly 20 MA: The 20 MA on the monthly chart is being tested on both EUR/USD and DXY, adding to the importance of the levels we’re currently observing. A bounce or break here could trigger significant moves in either direction. 5 EMA Hit Probability: On the weekly timeframe, the 5 EMA lines up with my 4H target. Historically, if a session doesn’t hit the 5 EMA, the next one has a higher probability of doing so, something to be mindful of as we approach the weekly close. Divergence on Multiple Timeframes: MACD divergence is present on the 4H and 8H timeframes for EUR/USD, suggesting weakening downside momentum. Additionally, there’s a bearish divergence on DXY and a bullish divergence on EXY (Euro Index), further supporting the case for EUR/USD upside. Conclusion: With the alignment of these factors—candlestick patterns, moving averages, and divergences—this setup presents a solid opportunity for a long counter-trend trade on EUR/USD. While it’s a counter-trend trade, the confluences from multiple timeframes increase the probability of success. Keep in mind that this trade is aligned with technical signals and risk sentiment, so proper risk management is essential.
Long
by RemcoTradeFX
2