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Consolidation

VGUARD - Bullish Consolidation with VolumesNSE: VGUARD is closing with a bullish consolidation candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:VGUARDLong
by BrahmaBull31
LUXIND - Bullish Consolidation BreakoutNSE: LUXIND is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:LUXINDLong
by BrahmaBull31
IRCTC - Bullish Consolidation BreakoutNSE: IRCTC is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:IRCTCLong
by BrahmaBull31
ORLY Long on Consolidation Break-Out🐂 Trade Idea: Long 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout 🔍 Entry: +/- 922.00 🐿 DCA: No 😫 Stop-Loss: 877.99 (898.75 for aggressive trade) 🎯 Take-Profit #1: 977.59 (50%) 🎯 Take Profit #2: - 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — ORLY is in an overall uptrend and broke the consolidation trendline with a strong candle going into a bullish consolidation inside a small range. Entry should only be made if the daily candle remains outside the consolidation range (green box) today. If it falls back wait for another break-out and daily close. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NASDAQ:ORLYLong
by LGNDRY-Capital
$TGTX - Pullback and consolidationTop trading idea for next week(s)! NASDAQ:TGTX already proved itself with a strong performance YTD of 125% (and 580% in a year). The stock is in a clear stage 2 uptrend and is now consolidating in between the 21 day MA and 50 day EMA on lower volume (check weekly chart). Has the fundamentals. A few more days of tight consolidation or a quick retest of the 50 EMA would make it even a better setup and creates a launchpad. Entry would be around 28.27 Stop breach of the 50 on high volume or a tight stop low of the day (when it breaks the pivot). Enjoy next week! Other similar ideas: NYSE:SKX , NASDAQ:WING and NASDAQ:ARCT
NASDAQ:TGTXLong
by UnknownUnicorn7024067
KALYANKJIL - Bullish Consolidation BreakoutNSE: KALYANKJIL is closing with a bullish consolidation breakout candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:KALYANKJILLong
by BrahmaBull31
2
#analysis 104 - Sweeping with Exiting on SupplyWhile preparing the weekly report for the @DATraderAssociation at their platform DA Studio , I noticed a distinctive pattern developing in the lower range of the chart. Accompanied by decreasing trade volume, I made a strategic decision to invest in $BLUR via left-hand trading. Fortuitously, following a brief period of market consolidation, the price of $BLUR began to rise. To secure a satisfactory profit margin, I reduced my position when the asset reached the supply zone. Subsequently, the price failed to achieve another peak, leading me to close out the remainder of my position.
Long
by p3nchan
XAUUSD Consolidation 07.06.2023Gold has settled near 1964 USD/oz and is now currently in a consolidation phase. There are important support and resistance levels to consider. Resistance: 1967 USD Support: 1955 Breaking either of the levels above will push probably the price to the next designated green level. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Tenancy 10, Marina House, Eden Island, Mahe. Payment transactions are managed by BDS Markets (Registration number: 143350).
OANDA:XAUUSD
by Stuart_Cowell
Navigating NVDA: A Potential Opportunity for Young InvestorsAs the world of technology continues to evolve at a rapid pace, few companies have captured the attention and imagination of investors quite like NVIDIA Corporation. Known for its groundbreaking innovations in the field of artificial intelligence (AI) and graphics processing, NVDA has experienced an impressive bullish run, leading to questions about its long-term potential. In this idea, we will explore the journey of NVDA, its recent price movements, and discuss why it might be an intriguing opportunity for young investors who are seeking to hold stocks for a few years. Riding the AI Hype Cycle NVDA's recent surge can be largely attributed to the AI hype cycle, as the company's technologies and products have become essential components in various AI applications. With a bullish breakout target initially set around $330, NVDA has already surpassed expectations , leaving many to wonder if there is still room for growth. Analyzing the Price Action To gain insights into NVDA's potential trajectory, it's essential to analyze its past price action. Back when the stock was trading closer to $180, I alerted to an inverted head and shoulders formation, indicating a confirmation for higher prices. Since then, NVDA's stock price has doubled, showing the strength of this formation. The consolidation period leading up to the breakout lasted approximately six months, while the breakout itself took around three months. These patterns indicate the potential for continued upward momentum. Elliott Wave Analysis Additionally, an Elliott Wave analysis was conducted, projecting an upside target for NVDA's wave 3. Remarkably, this target has already been surpassed, further supporting the case for continued growth. Following this analysis, the price action in late March and early April suggested the formation of a wave 4, potentially followed by a wave 5. If NVDA breaks above $420 in the short term, it could indicate a further extended upside target in the mid $500s . The Importance of Patience While the future looks promising for NVDA, it is crucial for young investors to exercise patience and understand the concept of market bubbles. Ideally, a retreat in NVDA's stock price over the coming months down to the $275 area could present an opportunity to enter the market. It's important to note that this anticipated pullback is a normal market occurrence and not a reason to panic. Long-Term Vision Drawing inspiration from Tesla's remarkable journey, it is conceivable that NVDA may experience a similar "bubble pop" phenomenon. In late 2024 or early 2025, NVDA could potentially reach prices as high as $1000-$1025. However, it is essential to approach such predictions with caution, as markets can remain irrational longer than expected. A Word of Caution When considering investment strategies, young investors should be mindful of the risks associated with options trading, particularly expensive, longer-dated options. It's crucial to thoroughly understand the intricacies of options before venturing into this market. NVDA's remarkable performance, driven by the AI hype cycle, indicates significant potential for long-term growth. Young investors who are willing to hold stocks for an extended period should consider NVDA as a potential addition to their investment portfolios. Remember to exercise patience, monitor the market trends, and stay informed about the risks associated with investment decisions. By doing so, you can position yourself for potential success in the dynamic world of NVDA and the broader technology sector.
NASDAQ:NVDALong
by bitdoctor
3
ACI - Bullish Consolidation BreakoutNSE: ACI is closing with a bullish swing reversal candle supported with volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been moving along the horizontal support for the past few days which is indicating demand. One can look for a 8% to 12% gain on deployed capital in this swing trade. The view is to be discarded in the event of the stock breaking previous swing low. #NSEindia #Trading #StockMarketindia #Tradingview #SwingTrade
NSE:ACILong
by BrahmaBull31
This specialty packaging co. looks to be moving to Stage 2!The company is a producer of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging of toothpaste, personal care, cosmetics, pharmaceuticals, household and industrial products. • World's largest global specialty packaging company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space with units in ~10 countries. Key Financials: • Total Revenue for latest quarter increased ~13% YoY • Net Profit for latest quarter increased by >73% YoY • TTM Net Profit margin increased from ~5% to ~8% Red Flag Check: • Promoter holding in the company has almost stayed constant at ~52% with insignificant pledging • Debt:Equity ratio is <0.5 with ~5x interest coverage • Stock is not under any exchange surveillance lists Key Technicals: • Stock has broken out of 1-year stage 1 consolidation zone with heavy volumes • Stock has broken out of a cup-and-handle formation • Stock is showing higher relative strength compared to benchmark index Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice.
NSE:EPLLong
by PratikThakkarCO
22/05/23 Weekly outlookLast weeks high: $27656.6 Last weeks low: $26997.5 Midpoint: $26338.4 With the price of BTC starting the week at the same price it finished it, we had a largely boring 7 days of price action. A very tight <5% spread form highs to lows, the majority of time spent around the $26800 mark with the occasional whipsaw to give the illusion of volatility. With price tightening the way it is, usually an impulse move follows, the longer we consolidate at this level the bigger the move that follows is the general rule.
by ProR35
My EURCHF short setup - 100 pips profitHow I took this trade I found this setup while strolling on the EURCHF chart. I saw it was consolidating between 0.97600 (resistance) and 0.97230 (support). Based on this, I drew a consolidation zone and waited for a fakeout, which happened before the market closed on Friday. It had a little fakeout of around 1-2 candlesticks on the 1H chart. From this little fakeout, it moved back to the zone, touched it, and then a bearish trend continued, as the fakeout suggested. When I entered and exited my position I entered my position when I saw that the bearish trend continued after it retraced to the zone. From there on, I held it till 0.97099, sold 50% of my position, and then sold the other 50% at 0.97074. Question for the readers: how can I hold this trade longer (see where it went), and where do I take my profit? Jasper
Short
by JBod03
DIXON BULLISH DIVERGENCE ON DAILY CHART!!!!Hello to everyone, As we can see there is a Bullish divergence in RSI & PRICE on daily timeframe . This is indicating that price has not much momentum to go downside. We can expect a trend reversal in Dixon. The price consolidating in a range from last few days. As per the theory of range, the price will go to the side on which the breakout occurs. But here the price is trading in oversold zone and BULLISH DIVERGENCE is also happening between PRICE & RSI on daily chart. So there is higher probability of that breakout will happens upside. Dixon 👉🏻Added in watchlist✅👍 👉🏻Breakout possible above 2860+ close (Buy abv BO)✅ 👉🏻Above breakout gap filling possible 3150 to 3350+🎯 👉🏻Quality stock👍 👉🏻Base support made at 2550👍 👉🏻RSI Bullish Divergence✅ Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
NSE:DIXONLong
by Jha_Nidhi
2
$WYNN - Double inside day & Launchpad setupSince the market seems to be in a 'confirmed' uptrend (HH & HL + increase in breadth), it's time to be bullish again! Top idea for next week: Wynn Resorts ( NASDAQ:WYNN ) Buy with break of the High of the day c. 110.4 Reasons: - Double inside day in the upper wick of a positive High Volume candle (analyst upgrade and positive news) + confluence of 10,21 and 50 day ( launchpad ) - Tight consolidation with shakeout since the beginning of february - Bullish momentum since november - Positive Earning momentum + good fundamentals (EPS q/q & sales >30%) Stop-loss: - Low of the second inside day 108.98 - If breakout happens, stop loss could be 10day MA or AVWAP of HV day PT: - First area of resistance ca. 117 (partial) - Fibs: 125 - Or following the 10/21 MA Follow price and volume + fundamentals ! No investment advice
NASDAQ:WYNNLong
by UnknownUnicorn7024067
Bearish divergence explained in NIFTY & BANK NIFTY.DIVERGENCE is when the price of a scrip is moving in opposite direction of an indicator, usually an oscillator. It acts as a warning that the price trend may be getting weaker. It does not necessarily mean that the trend will reverse. It could signal an exhaustion of the current trend, the beginning of a period of consolidation or a medium to long term reversal. _________________________________________________________________________________ Divergences are classified according to their levels of strength. Type A divergences are the strongest, Type B divergences show lesser strength and Type C divergences are the weakest. Type A divergences usually present the best trading opportunities, whereas Type B and Type C mostly lead to choppy price movement or consolidation. _________________________________________________________________________________ TYPE A: Type A bearish divergences occur when price rises to a new high but the oscillator is only able to rise to a high that is lower than the previous high of the oscillator. The divergences of this type often indicate a reversal towards a downtrend. TYPE B: Type B bearish divergences are formed when the price makes two equal highs or a double top and the oscillator makes a lower second top. TYPE C: Type C bearish divergences occur when price rises to a new high but the indicator stops at the same level it reached during the previous rally. _________________________________________________________________________________ Divergences are important signals which can be used to book profits on existing positions or pulling up your trailing stop losses. NIFTY and BANK NIFTY both, are displaying bearish divergences on the daily timeframe. Which type of bearish divergence do you see in NIFTY? Comment below.
NSE:NIFTY
by Tradeception_
PIDILITIND CONOLIDATION BREAKOUT SOON!!The price consolidating itself near demand zone from a very long time. Price respects the support level of 2240 and takes support & moved towards upside to the breakout level. If price breaks the levels of 2355 and closes than we can expect good upmove in coming days. #PIDILITIND📊 👉Keep in watchlist 👉Breakout Possible above 2855+ Close 👉Support At 2240 👉Good Consolidation near Demand Zone. 👉Above Breakout , Good move possible towards upside.✅🎯
NSE:PIDILITINDLong
by Jha_Nidhi