Breakout on Cup wity Handle Pattern...NSE:RATNAMANI trade at 3645. Support is @ 3300. Resistance is @ 3900
When stock break its Resistance Level, You can watch it Next Resistance at 4500-4600 Level.
Chartanalysis
Retest Breakout Level....NSE:HINDALCO trade at 700 level. stock Resistance at 715. Support at 600.
When its break resistance level you can watch it as a next resistance at 900.
Ready for Breakout...NSE:AMBER trade at 4550. Support is @ 4000 Resistance is @ 4800.
on Daily chart when stock break its resistance level, you can watch it next Resistance @ 6000
Nvidia: DownhillNVDA has completed the green wave (X) and started descending toward our blue Target Zone between $91.30 and $76.02, which should mark the joint low of waves (Z) in green and A in beige. From this range, the beige five-wave downward move should continue, layawaying along the boundaries of our pink triangular trend channel to finish the large wave (IV) in blue. This final overarching low should take the form of a truncation, i.e., a shortened correction, and initiate a new uptrend above $137.32. However, it is 30% likely that the blue wave alt.(IV) has already concluded, which would result in a direct breakout above the $137.32 mark.
GBPUSD ANALYSISGBPUSD will experience a brief retracement to the support level below after which we look forward to a continuous bullish move.
We can take advantage of the brief bearish retracement for a short time sell while looking for an overall bullish move.
Thank You
GBPJPY ANALYSISHey guys, here's my view on gbpjpy. I have a bearish bias and waiting for confirmation before taking my entry.
Do well to use good risk and when in good profit ensure to secure some and allow the trade to float to T.P
#Copper bearish move possibility
The price of copper has reached the upper boundary of a long-term bearish channel, which is currently acting as resistance. Additionally, the recent bullish move failed to break above the previous high, indicating that the bulls may be losing strength.
I'm looking for a minor bullish corrective move in this asset to potentially short it at a more favorable price level.
The bears are trying to take the lead.We are watching the price closely to see if it stays stable.
If it falls below 22 Aug bears candles (see on the chart) and stays there, it could be a problem. For now, I'm being cautious even though things seem positive overall and even too positive especially in option market.
#SPX intermarket analysisAs observed, the SPX and Copper have shown a strong positive correlation over the past few weeks, often forming tops and bottoms simultaneously.
Given that Copper recently failed to break above a long-term bearish channel upper line and has broken its structure to the downside, we might expect a similar move in the SPX.
However, when trading SPX based on this intermarket analysis, it's crucial to wait for a price confirmation in the SPX itself before taking any action.
Travelers: One last climbWe expect Travelers to continue its corrective rise in the form of the magenta wave (B) to just below resistance at $232.75 before a significant sell-off sets in. If, on the other hand, the price were to decline earlier and slip below the support at $200.40, our alternative scenario will come into play (35% likely). In this case, we will expect a lower low of the magenta-colored wave alt.(A).
Follow The Trend or Wait for Retracement...NSE:BAJAJ_AUTO trade at 10500. Support is at 9700 and Resistance at 10600.
P/E RATIO - 36.35 Industry P/E - 23.75
On the 23rd AUG Bajaj Auto give a Breakout above 10000 level. You can wait for Retracement otherwise Follow the Trend for Next Resistance at 11200-11500.
Once again ready for going ALL TIME HIGHNSE:CHOLAFIN trade at 1440. Its Support is @ 1300 and Resistence is @ 1480
P/E Ratio - 32. Industry P/E - 18.90
You can watch for next Resistece @ 1800-1900
Chainlink: Take-off! LINK shot upward last week and was thus able to leave our turquoise Target Zone (between $8.20 and $10.90). We expect the turquoise wave 3 to lead above the resistance at $20.85. However, a renewed dive into our Zone within the internal substructure is quite conceivable in the short term, which is why we continue to keep it active.
Apple: Near the summitApple should be on the last meters of the turquoise wave B. As soon as the high is established, we expect a final sell-off. For the end of the corrective movement, we have added a magenta-colored Target Zone (between $192.02 and $172.34) to the chart. Investors could establish long positions there, with stops placed around 1% below the lower edge. With the low in place, we expect a rise above the resistance at $254.30. Should this level be broken earlier, our alternative scenario (34%) will come into play. This wave count sees the last local low as the low of the magenta wave alt.(2).
Gold going to take a small dip then buy!hello trader!
I am anticipating a minor correction due to the robust resistance at the 2517 - 2518 level. Following this, i expect a buying opportunity to emerge in the 2500 -2502 range. Let's monitor the market closely and adjust our strategies accordingly.
Ready for a Range Breakout...NSE:ECLERX trade at 2715. Resistence is @ 2820 & Support is @ 2320
on the daily time frame chart make a long range. After the Breakout you can watch it as a next Resistence @ 3400...
READY FOR CUP & HANDLE BREAKOUT....NSE:ISEC trade at 808. Resistence @ 888. Support @ 708
On the weekly chart clearly made a Cup & Handle Pattern. After the breakout you can watch next Resistence @ 1200.
Ready for DARVAS BOX Breakout...NSE:CEATLTD trade at 2845. Support @ 2500 Resistence @ 3000
on the weekly chart made a DARVAS BOX Pattern, after its breakout you can watch for next resistence @ 4000
VOLUME BREAKOUT...NSE:ALLCARGO trade @ 71.40 Suppport @ 58.50 Resistence @ 78.50
on the chart seen a higher volume breakout. You can watch it as a Next Resistence @ 98
Ready for Breakout...NSE:PNBHOUSING trade @ 865. Resistence @ 950 Support @ 750.
After the Breakout you can watch it next resistence @ 1200 and 1400.
Take a chance for New All Time High...NSE:POLYCAB trade a 6750. resistence is @ 6900 & support is 6300. You can watch for it New Life Time High @ 7300.
Play for a Range Breakout...NSE:LAURUSLABS trade @ 445, Resistence is 485 & Support is 385. lauruslabs trade in range since APR/2023. You can watch for a breakout and next resistence is @ 600-625 after that its ATH @ 725.
READY FOR BREAKOUT ON CUP & HANDLE PATTERN NSE:MASTEK trade @ 3000 level, Resistence is @ 3350 and Support @ 2550.
after a successful breakout you watch it as a next Resistence @ 4800-5000.
