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Thirumalai Chemicals Long Trade for Short and Long Term.The stock has been giving a breakout from its ascending Triangle on weekly basis and then from a 6-month consolidation phase and a straight upmove to 134 levels. This level of 134 was a minor resistance but it managed to close above it and is also retesting it very smoothly on low volumes supporting the view for a long trade for swing. The recent financial numbers says there is more potential for the stock to go higher. For the short term one can expect the stock to move further to 172-175 levels. There are more delivery trades happening into this stock. Hence one can also invest into it for long term benefits. PS - Even if the price falls down below 134, it has now a great support at 110-115 levels. Therefore suggested Stoploss at 103 for long horizon. Trade accordingly :D #Happy trading. #PurePriceAction.
NSE:TIRUMALCHMLong
by dhirengandhi16
EURGBP 4HSummary: EURGBP has been trading in a downward channel since the end of April The pair has had two false resistance breaks at 0.8635 Recommendation: Trade: Short EURGBP for market Take profit: 0,8560 Stop loss: 0.8680 Justification: The British pound has recently started to outperform the euro. EURGBP has been trading in a steady downtrend since the end of April. The pair tried to correct, however, two attempts to break the 0.8635 price zone failed. The area is important not only because of the previous price reactions, but it is also the lower limit of the Overbalance structure. Thus, we see a good chance for a resumption of the decline with a target at the level of the recent lows. We place the stop loss at 0.8680. Source: xStation5
Short
by PipFor
CHOLAFIN Long trade for Swing.The price has been moving in an Upward Channel and is around the Lower Trend line of the channel and there is also a Demand Supply zone around it. So there is a Confluence of both. A Confluence of 2 or more lines indicates a zone to watch out for some price action either side. But watching the buyers buying on dips and being active on the lower trendline and RSI is also around 51 showing strength in the stock to move higher. Hence my view says to buy around CMP with a target of almost 8-10%.
NSE:CHOLAFINLong
by dhirengandhi16
GNW Rejection!Hello Community! Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more! This is a quick analysis. GNW keeps getting rejected on the daily timeframe, the RSI is overbought & THE MACD is heading towards the red. Until it breaks that diagonal resistance line drawn it will remain bearish (Short term). This is not financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
NYSE:GNWShort
by rnaofs
1
Bull Flag Doge!!Hello Community! Before we begin please support my idea with a thumbs up and comment. It'll be greatly appreciated and will motivate me to post a little more! DOGE/USDT has been one of those stocks everyone has had their eyes on the past few weeks. We can take a look at DOGE on the 2 HR chart which is currently sitting on a few supports which I've drawn out for you. We can see trading at the bottom of the triangle. Based on the previous correction after making a new ATH at around 70 cents it's still looking bullish and is also looking to retest the top of the triangle with a possible breakout and another run at the previous high. This is a community coin that is fueled by hype and armature traders. It will follow BTC movements but with greater swings because of the hype built around it. this would be a great time to enter a long with a tight stop below the triangle. The MACD isn't looking strong but the RSI still is. If this triangle is broken you can expect a drop to the next support around 52 cents. This is not financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
Long
by rnaofs
BTCUSD: possible scenario update30k is a psychological resistance for BTC in my opinion... ...as mentioned earlier, we might go higher from around 22-24k level proved to be true and now it should be difficult for BTC to break above 30k zone. As per now, the price stopped below 28400 price, but we will see how it closes EOD. Bulls are still in control, shorting from here is more like a gamble, however I am sure that profit realization is already happening. Nobody knows where the price ends up and how strong will be the momentum or price action. Personally I am out of the market, but closely monitoring the situation. Time will tell. // Make sure you follow me for more upcoming ideas and feel free to share your opinion via comment. If you agree with my analysis support my work by hitting like.) // More info: link in bio. Contact me if you have any questions.
BITSTAMP:BTCUSDLong
by GIgor_021
1
BTCUSD: possible scenarioWhere to buy bitcoin? Obviously the price can go higher from this level, but I wouldn't chase the market here... …the first support zone can be found somewhere between 17.5k and 19.5k, where bulls might step in once again. If we get such a pullback (at least 15%) - in my opinion, only in this case you should enter the market and hope for another move higher (at least 15%). // This is my personal view and should not be considered as a personal investment advice.
BITSTAMP:BTCUSDLong
by GIgor_021
AUDUSD: possible scenario 12.13.2020On the chart you can see a technical picture of AUDUSD, which in near-term may experience a pullback. For outside the market Aussie bulls the first entry level - in my opinion - can be somewhere around 0.74520, the second around 0.73790, etc. Don't forget, that proper risk management and volume calculations before getting an exposure in a certain asset is crucial. This is my personal view or analysis and should not be considered as a personal investment advice.
by GIgor_021
4
EURJPY IdeaIdea on EJ! I see that the market did a short impulse and we are now in a retracement. Inside this retracement (long), the market is creating more impulses and retracements. Right now the market is doing a retracement, and I can expect the market to retrace until the rotation point 1 in confluence with an imbalance, then it can make a new long impulse to fill the imbalance at the top in confluence with the rotation point 2. Then I'll wait for evidence for further sell entry! Updates coming soon. 🔴STOPLOSS and TAKEPROFITS are personal. The ones in the graphic are my idea. Feel free to trade it.📊 Give a like and comment with your opinion. 😄 We're here to learn and grow! 📉📊📈🤑🤝🏼🤝🏼🤝🏼 Remember: it's never a failure, ALWAYS A LESSON.
by robertadebiasi
2