RAILTELBUY ABV - 120
TARGET - 140
Its forming double bottom and Training too.
Lets watch and trade.
*Candle close is important
Chartanalysis
#NIFTY Intraday Support and Resistance Levels -19/12/2023Nifty will be FLAT opening in today's session. After opening nifty start trading Below 21400 level and then possible downside rally up to 21280 in today's session. in case nifty trades Above 21430 level then the upside target can go up to the 21550 level.
One more chance to buy the dip 32k level is a strong support and resistance level. In history we can see that price had moved substantially from this level. Looking at the daily chart, we see the break of the 32k level, but not retested as support. All the hype about the ETF and the halving I think has giving us some great insight as to what is to come in the future. With that being said looking at the timing of everything, I would not be surprised to see one more sell off. Price will need to find support and a little more accumulation before the next run. We may never see BTC prices this low again and im sure the big players are going to want to beat price down a little beforehand.
Im expecting a nice pump up to the 52- 55k level before a final pull back to the 32k level.
Thoughts or comments welcome CRYPTO:BTCUSD
TSLA: Pay Close Attention to These Chart Patterns (D & W charts)Today we see an important move in TSLA's share price, a break of the resistance level of its previous top at $252.75.
Now, after the breakout, we see that this area is serving as intraday support, which is in line with the principle of polarity (former supports can become future resistances and vice versa).
Since our last analysis last week, we see that the price has broken through its most important resistances, which we mentioned in our previous analysis, and is committed to a clear uptrend. The link to the latest study is below this post, as always. What’s more, after our analysis, TSLA performed a clear “Hammer” candlestick pattern above its support line, as evidenced on the chart above. According to Bulkowski’s studies, a Hammer acts as a bullish reversal roughly 60% of the time (Encyclopedia of Candlestick Charts, chapter 40: Hammer, p. 348).
What's even more interesting is that the price has thwarted a possible reversal pattern called Head and Shoulders, as we can see in detail in the chart below. By not triggering the neckline by closing a candle below $230, and reacting to the point of breaking through the top of the head, TSLA has completely rejected any bearish thesis.
Another important point that reinforces the bullish sentiment is the breaking of an important resistance on the weekly chart, breaking a bearish channel, frustrating the price's downward sequence and triggering a bullish reversal for the long term. As we see in the image below, such a pattern could be interpreted as a Bullish Flag as well.
Now, TSLA shares could reverse the long-term trend and finally turn bullish. Could it follow the example of the Nasdaq index, which made a similar pattern recently, also on the weekly chart?
QQQ chart:
It's a plausible move with a good technical basis, but as always, we need to be aware of a few risk points.
Firstly, if the price loses a lot of strength, to the point of making a bearish pattern on the weekly, closing below the resistance of the bearish channel, the bullish thesis loses strength.
Secondly, if a reversal pattern is observed on the daily, and the price loses its supports, we have a rejection of the uptrend in the medium term. Especially if the 21 EMA is lost. Although the price has breached the average a few times, at no time since November 10 have we seen a close below the 21 EMA on the daily chart. If this happens, the bullish thesis described in the analysis could be thwarted.
I'll keep you updated, so if you like the content, please support me, and follow me to receive more analysis like this, with technically grounded ideas.
Best regards,
Nathan.
Shanghai Composite SHCOMP ~ Bearish H&S Formation (Dec 2023)SSE:000001 chart mapping/analysis.
Bearish H&S formation on weekly chart.
Price action already broken below multi-decade trend-line.
Pattern follows through = -29% measured move down to 78.6% Fib / retrace to 2005 breakout / gap fill (weekly) confluence zone (green box).
Bitcoin: One Step Away 👣Bitcoin sold off somewhat in the past few hours and thus continued approaching the turquoise Target Zone (coordinates: $40 323 - $35 374). Within this Zone, we now primarily expect the low of wave (iv) in turquoise to be developed and the trend to turn north again. Following this interim correction, the cryptocurrency should then move safely above the resistance at $44 747, where wave (v), also colored in turquoise, should ensure the completion of wave 3 in green one level above. The turquoise-colored Zone can be used for (renewed) positioning on the long side; those wishing to hedge could set a stop 1% below the lower edge of the Target Zone.
NZDUSD Short Near Monthly HighHi Traders!
NZDUSD is testing the monthly high for the first time, and there is an opportunity for a short entry back to the support level.
Here are the details:
The monthly high at 0.62498 is the key level here, and as the market is testing it for the first time, we are looking for the resistance level to hold. The longer the market holds below 0.62498, the more likely it is to pull back.
Preferred Direction: Sell
Entry Level: 0.62474
Stop Level: 0.65089
Target Level: 0.61809
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
#NIFTY Intraday Support and Resistance Levels -18/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21450 level and then possible upside rally up to 21570 level in today's session. in case nifty trades below 21400 level then the downside target can go up to the 21280 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(18/12/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 Level & this rally can extend another 400 point if market gives breakout 48550 level. Any Major downside only expected in case banknifty starts trading below 47950 level. also possible Reversal Downside 48450 level.
💥🔥 gold triple top Bearish) Pattern) 1D tame frame)⏰⏰Hello traders what do you think about gold?
traders gold now see a triple
Top (Bearish pattern channels
In trading.a triple top pattern is
a bearish chart pattern that indicates a potential trend 📉 reversel from an uptrend to a downtrend lt is characterized by Three conservative peaks (or highs) that are approximately equal; following by a price breakdown below a support levels.
Key levels 2000)
Key levels 1965)
Key levels 1933)
BITCOIN MOVE UP OR DOWN? WHAT'S NEXTThe recent market dynamics have witnessed a shift in momentum, with a notable surge in strength last week, propelling prices to reach 44,696. Subsequently, a new short-term trend has emerged, indicated by the green chart. Despite multiple attempts, the market has been unable to breach its resistance, suggesting a prevailing bearish sentiment.
According to the green chart pattern, the market is currently on a downward trajectory, heading towards 41,600 and further down to 40,500 at Target 01. This trend is expected to persist, with the subsequent target, Target 02, lying in the range of 39,000 to 38,500 .
On the Flipside, there is a potential development of a new pattern, highlighted in grey. If this grey pattern manages to break the resistance of the existing green pattern, a reversal could occur, leading to an upward movement after retracement from the buying zone. It is essential to closely monitor the market for any signs of a breakout or a shift in the established patterns.
Mahindra and Mahindra Strong BreakoutStrong Breakout in M&M
1. Moving above 50EMA
2. After breakout looking stong for upward
3. Last 6 Month Breakout Done In Mahinda And Mahindra
RECOGNISING CHART FORMATION 🧠Hello Traders!
In this post, I want to present how important is to recognize chart formation, set up correctly resistance levels, and find a good position to execute the trade.
For better practice, I will recommend analyzing the history of any chart and trying to search for resistance levels, order blocks, and breakout points, and anticipate a good position for trade execution.
This exercise will help us to have better visibility of the chart and will help us to anticipate future movements.
Keep in touch!
Follow me for more trade ideas and perspectives!
www.tradingview.com
Uptrend Channel pattern breakout in TATACOMMTATA COMMUNICATION LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1810+.
✅Can Go Long in this stock by placing a stop loss below 1754-.
#NIFTY Intraday Support and Resistance Levels -15/12/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 21180 level and then possible downside rally up to 21060 in today's session. in case nifty trades above 21210 level then the upside target can go up to the 21330 level.
Adobe: Downhill! ⛷️The ADBE price has been dropping since yesterday. Our primary expectation is that this is merely the beginning of a larger descent, as we now consider the white wave (b) to be completed and locate the price in the same-colored wave (c). This wave should now fall below the resistance at $506.92 and only come to an end around $380. However, there is an alternative to consider, to which we assign a probability of 30%. This option would shift the high of the white wave alt.(b) slightly higher.
USDJPY Trendline Break Re-TestHi Traders!
USDJPY is on a pullback and re-testing the trendline break, which opens up opportunities for short entries on the market's pullbacks.
Here are the details:
The market recently broke both the support trendline and the descending channel. Our plan is to sell rallies by looking for an entry near the 20 EMA and a target exit near the monthly low.
Preferred Direction: Sell
Entry Level: 146.750
Stop Level: 148.598
Target Level: 142.862
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
SPX Trading Plan & ProjectionHi Traders!
SPX looks to have confirmed the support test. There is a long opportunity near the support level of 4541.25 for a potential break above the five-month resistance at 4607.07.
Here are the details:
The market has comfortably held above the 4541.25 level for more than a week.
Preferred Direction: Buy
Entry Level: 4554.73
Stop Level: 4498.97
Target Level: 4667.55
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
AUDUSD Breakout Opportunity Hi Traders!
AUDUSD is in a descending triangle, and there is a possibility of a break below the trendline support.
Here are the details:
The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline and exit at 0.64924.
Preferred Direction: Sell
Entry Level: 0.65614
Stop Level: 0.65959
Target Level: 0.64924
Technical Indicators: 20 EMA
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
US500 ~ Ho Ho Santa Rally or EOY Bah Humbug Bust? (4H)CAPITALCOM:US500 chart mapping/analysis.
S&P 500 holding in choppy consolidation after November ripper rally.
Trading scenarios into EOY:
Bullish reaction to macro economic news = break above ~4610 trading range (yellow dashed) towards ascending trend-line (green) / red box confluence zone.
Bullish extension target(s) = re-test ~4820 previous/historical ATH.
Bearish reaction to macro economic news = break below ~4524 trading range (yellow dashed) towards ~4450 / 200SMA dynamic support confluence zone.
Bearish extension target(s) = Golden Pocket / descending trend-line (white dotted) confluence zone aka "Return to Scene of Crime".
US100 ~ Ho Ho Santa Rally or EOY Bah Humbug Bust? (4H)CAPITALCOM:US100 chart mapping/analysis.
Nasdaq 100 consolidating into key macro economic news, much like S&P 500.
Trading scenarios into EOY:
Bullish reaction to macro economic news = break above ~16167 trading range (yellow dashed) towards ascending trend-line (green) / red box confluence zone.
Bullish extension target(s) = new historical highs surpassing ~16770 November 2021 high.
Bearish reaction to macro economic news = break below ~15690 trading range (yellow dashed) + descending trend-line (light blue) towards 78.6% Fib / 200SMA dynamic support confluence zone.
Bearish extension target(s) = descending trend-line (white dotted) / ascending trend-line (green) / Golden Pocket confluence zone.
AU200 ~ Commodities or Follow US Markets? ASX Wants Both! (2H)CAPITALCOM:AU200 chart mapping/analysis.
ASX grinding higher into EOY, benefitting from relative strength in global commodities & precious metals.
Trading scenarios into EOY:
Continued commodity strength + US bullish momentum = rally into 23.6% Fib / ascending trend-line (light blue dotted) confluence zone.
Rally would coincide with re-test of bearish breakdown from pennant pattern.
Commodity weakness + US market capitulation = re-test of 38.2% Fib, into horizontal line (yellow dashed) / 200SMA / lower range of ascending parallel channel (green dashed) uber confluence zone.
US10Y ~ Bullish Downtrend Reversal (2H)TVC:US10Y chart mapping/analysis.
US10yr bond yields finding bullish reversal off lower range of descending parallel channel (white) - further momentum pending upcoming 10yr auction + US economic data.
Trading scenarios into EOY:
Bullish reaction to macro economic news = continued momentum to break above descending trend-line (white dashed) towards 38.2% resistance zone.
Bullish extension target(s) = re-test upper range of descending parallel channel (white).
Bearish reaction to macro economic news = reversal back below 50% Fib / 4.10% psychological support level / lower range of descending parallel channel (white) / ascending trend-line (green dotted) confluence zone.
Bearish extension target(s) = Golden Pocket zone / 4% psychological support level / 78.6% Fib.
