Hinduni bullish for 27/06/2024Hi fellow traders,
Check out this Hindustan Unilever chart. It has taken its sweet time to retrace making a slingshot pattern (Don't know official name). I am bullish on this chart for intraday as well as for a week where my entry point will be 2450 and SL will be 2420. So, for intraday my profit is 2500. And for weekly trading it is 2700.
Let me know what you feel. You too will be updated about my thoughts throughout tomorrow's trading session.
Disclaimer : This is my analysis and I does not responsibility of any profit or loss executing this suggestion. Even though I will be taking the same trade tomorrow, do your own analysis.
Stay tuned for such daily chart analysis.
Chartanalysis
MATIC: Start-Up DifficultiesMATIC struggled to achieve clear upward momentum last week. The bears slowed the coin down, so that it is trading slightly lower today than at the time of our last update. Nonetheless, we still see the price in the blue wave (iii). During this wave, we expect it to rise well above the resistance at $0.98. If, on the other hand, there is a fall below the support at $0.50, we will have to assume a still ongoing wave alt.(2) in magenta, which would first require a setback into our same-colored Target Zone ($0.471 – $0.308).
Bitcoin: Take a dive!Bitcoin once again reached our green Target Zone ($58,655 – $47,012). Although it showed a clear upward reaction directly on the upper edge of the Zone, we primarily expect a deeper dive. As soon as the low of the green wave 4 is established, we expect rises to well above the resistance at $73,462. At the end of this move, the high of the larger wave iii in orange should be established.
DOT Coin at Strong Support Potential for 24x Gains in Alt SeasonDOT Coin is currently positioned at a robust support level between $5.1 and $5.4, indicating a significant opportunity for a substantial gain during the upcoming altcoin season. Historically, these support levels have proven to be a launchpad for impressive bullish movements, suggesting that now is an ideal time to consider an investment in DOT Coin.
As we anticipate the altcoin season, the potential targets for DOT Coin are particularly promising. Based on historical data, the minimum target for DOT Coin during a bull run is $122, with a maximum target reaching up to $138. These targets highlight the considerable upside potential for DOT Coin, making it a compelling choice for traders looking to capitalize on the altcoin market.
In conclusion, DOT Coin’s current position and historical performance make it a strong candidate for substantial gains. With solid support levels and ambitious targets, DOT Coin is well-positioned to thrive in the upcoming altcoin season. Traders should consider this opportunity to potentially maximize their returns as the market conditions align favorably for DOT Coin.
S&P 500: One last ClimbWe see the S&P 500 primarily on the last few meters of the magenta wave (1). Although it is of course absolutely possible that we have already seen the high, the price is likely to rebound once more before it brings this movement to an end. Subsequently, we expect a medium-sized correction in the form of the magenta wave (2), which should extend to our same-colored Target Zone between 4851 and 4678 points.
BTC - Bullish potential"This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
The market has been in a prolonged downtrend, with a sharp decline in BTC causing significant volatility in the Alt Coin market.
Currently, BTC is positioned at a key resistance level, suggesting the potential for an upward movement. The market sentiment is buoyed by some positive news, but liquidity issues remain a concern. Adequate liquidity is essential to support any bullish momentum and counteract the bearish pressures.
BTC - Bullish potential"This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
The market has been in a prolonged downtrend, with a sharp decline in BTC causing significant volatility in the Alt Coin market.
Currently, BTC is positioned at a key resistance level, suggesting the potential for an upward movement. The market sentiment is buoyed by some positive news, but liquidity issues remain a concern. Adequate liquidity is essential to support any bullish momentum and counteract the bearish pressures.
MAPMYINDIA : OverValued ?www.tradingview.com
It has been observed a remarkable increase in stock's trading volume (approx. 20x each day in last 2 days) and price over the last two days as well. The current price has reached what our system projected as the best-case scenario for the next 12-months. Hence leaving no scope for further increase and its sustainability.
Though this surge seems to align with market behaviors where high volume often indicates strong buying interest and a positive outlook on the stock's value. However, such spike also invites questions on this trend and its sustainability. Often it has been seen that a sharp profit booking start before the trend continuation.
Atleast a 25% correction in this stock price is expected.
Platinum: Destination Reached Platinum has reached our beige Target Zone between $995.40 and $1026. Within this range, the price should place the high of beige wave (4) and enter a larger sell-off. If, on the other hand, there is a direct break of the resistance at $1105 (28% likely), we will still see the price in the green wave alt.X.
VeChain: Turning PointVET has dipped into our blue Target Zone (between $0.0292 and $0.0179). Within this range we expect the low of the blue wave (ii) correction and thus the bullish trend reversal. Accordingly, one can use this Zone to open long positions, whereby any stops could be placed around 1% below the lower edge. With the blue wave (iii), we expect an increase above the resistance at $0.055.
Gold possible movewww.tradingview.com
The XAUUSD has developed a symmetrical triangle pattern, with the price surpassing both the upper trend line and the 200-day Moving Average (MA200). The momentum indicator has also climbed above the 100.0 mark, potentially indicating the start of a short-term bullish trend.
Trading Strategy: Consider a buy position for XAUUSD if it breaks out above 2335;
Take Profit (TP): Target a take profit at 2350;
Snowflake: Arriving The Snowflake share has now reached our magenta-colored Target Zone (coordinates: $130.78 - $97.80). There we expect the low of the turquoise wave a. This wave should be followed by a larger corrective rise before a further descent sets in. We consider it 27% likely that the price is already working on the magenta-colored wave alt. (1) is already in progress.
Forexity GBPUSD 4H AnalysisOverview:
Date: 14/06/2024
Symbol: GBPUSD
Timeframe: 4H
Type: Technical analysis
Direction: Bullish (Temporarily)
Style: Day trading / intraday
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We're seeing a rejection at 1.27082. I'll look for a retest around 1.27496. If the price gains momentum or is influenced by economic news, it could reach 1.27833 before hitting strong resistance and moving down. I expect the price to complete the E of the A-B-C-D-E wedge pattern on the weekly chart.
Gold: One Last ClimbWe expect the gold price to rise once again. We expect the high of the turquoise-colored wave B to occur in our same-colored Target Zone (between $2510 and $2631). After that, the price should sell off significantly. If, on the other hand, there is an early fall below the support at $2285 (45% likely), we will see the price already in the descent now.