BAJAJ FINSERV | Bottom is in.This is the cheapest you can get your hands on this stock for.
-Clearly there is a triple bottom formation and institutional buying at these levels
-Volume agrees with it.
- As a trader I would be a huge buyer if the price action breaks above the rectangle.
- If you're a long term hodler this is your time to shine.
Note: Considering Prime Minister Narendra Modi's declaration of an economic stimulus many businesses will see a strong upside. Although I would keep an eye on the current COVID-19 situation.
Happy trading!
-Kautilya.K
Finance
Gold H4 - Long Setup Gold broke resistance last week. Technically was trying to reject the H4 resistance of 1738.60, however poor USD retail sales saw a gold break this zone after initially rejection it in the morning. DXY in-between a key zone to trade from too, 100.30 is a key S/R zone. Possible gold longs after a clean retest a support hold on 1738.50
$AMBC can fall in the next daysContextual immersion trading strategy idea.
Ambac Financial Group, Inc., a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally.
The share price fell after bad earnings. It looks like it will continue falling.
The demand for shares of the company still looks lower than the supply.
So I opened a short position from $13,83;
stop-loss — $15,16.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Thanks for being with me!
NZDCAD: Very Important Breakout!
1 month of consolidation and contraction is finished.
yesterday the market has finally broken below the triangle with a high bearish momentum candle and now we expect a further decline.
it is too late to short but you can wait for a pullback to sell from a safe spot.
next strong support levels are:
0.840
0.831
[BTCUSD] May 13, 2020 - ALuoTradingJournal***BTCUSD ***
Resistance Level Entry: 9955 (Depend on the Candlestick signal)
SL (final point for changing in direction) : 11010 (Depend on the Candlestick signal)
TP Resistance level (Ideal TP): 7305
Comment:
Bitcoin is currently going on its triangle channelling, there is a possible opportunity to short Bitcoin if it once again reach 9955 resistance level. This will depend if the strength of the price momentum at that time continues to go up or not. We can discuss further when it actually gets there in our WeChat Group.
(Note: The forecast above is an estimation of the resistance and support level for the Entry, TP, and SL. For more precise positions, will depend on the shape formed with the candlestick at the time.)
Roger V WeChat: lokiho512
Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.