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Parallel Channel

CADCHF: Pullback From Support 🇨🇦🇨🇭 There is a high chance to see a pullback from the underlined daily horizontal support on CADCHF. A formation of a high momentum bullish candle after its test and a consolidation on an hourly time frame confirms the strength of the buyers. Goal - 0.595 ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
2
Cryptocurrency: Analyzing the Digital Asset RevolutionSince Bitcoin’s creation in 2009, cryptocurrencies have evolved from a niche tech experiment into a dynamic sector disrupting global finance. Grounded in decentralization and blockchain technology, cryptocurrencies aim to remove intermediaries and redefine money. Key Characteristics Decentralization: Operate on peer-to-peer networks, free from central authority. Blockchain Technology: Immutable, transparent ledger ensures trust and security. Tokenization: Real-world assets like real estate or art can be turned into digital tokens. Market Dynamics As of 2024, total crypto market cap exceeded $2.5 trillion. Bitcoin remains the dominant asset, but Ethereum’s smart contract ecosystem has catalyzed massive growth across DeFi and NFTs. Opportunities and Risks Opportunities: Financial Inclusion: Access for the unbanked via mobile wallets and stablecoins. Innovation: Enabling decentralized apps, automated lending, and cross-border payments. Risks: Regulatory Uncertainty: Governments are actively evaluating oversight frameworks. Volatility: Sudden price swings create high risk for investors. Security: Hacks and scams continue to plague the sector, especially in DeFi. Conclusion Cryptocurrencies have launched a financial paradigm shift, but for mass adoption to take root, regulation, user protection, and scalability must mature.
CRYPTO:BTCUSD
by HCN-News12
TAQA Arabia Egypt - To target 13.2 after crossing ResistanceDaily chart, the stock EGX:TAQA is trading in a rising channel, the price reached the support and is supposed to rebound upwards to target the Resistance line R at around 13.25 Consider the new entry Buy above 12.25 (2 days close) for more safety, or buy in parts down to 12.0 Stop loss below 12.00 (for 2 days) should be considered. Note: Closing above the Resistance line R for 2 days, the next target will be 14.3 passing through resistance level at 13.5
EGX:TAQALong
by snour
1
CHANNAL PATTERN - KAJARIACERTechnical Analysis: Current Price: ₹1,003.9 Target: ₹4,000. This is a very ambitious long-term target, implying a substantial increase. "History Repeat Based": Identified a historical pattern that, if repeated, could lead to such a significant price move. Time Frame: 1 Year to 3 Year (indicates a long-term investment horizon for the target). Trendline Support and Parallel Channel Pattern: These are bullish technical indicators. Trendline support suggests that the stock is finding buyers at a certain level, preventing further declines. A parallel channel typically indicates a sustained trend within defined upper and lower boundaries; a breakout from such a channel can signify an acceleration of the trend. Fundamental Analysis : Market Cap: ₹15,984 Cr. Current Price: ₹1,004 Stock P/E: 46.8 (Higher than the Industry P/E, indicating a premium valuation) Key Fundamental Observations: Valuation Premium: Kajaria Ceramics trades at a P/E of 46.8, which is higher than the industry P/E of 40.2. It is also significantly above its intrinsic value and Graham Number. This suggests the market is pricing in substantial future growth or recognizing its brand strength/market position. Declining Profitability: The negative profit growth of -17.9% and the decline in EPS from the preceding year (₹26.5 down to ₹18.5) and also from the previous quarter (₹4.88 down to ₹2.67) are significant concerns. This indicates a recent slowdown or reversal in earnings. Strong Financial Health: Very low Debt to Equity (0.10) is a positive sign of strong balance sheet management. ROCE (16.8%) and ROE (12.8%) are decent, but could be better given the high valuation. Shareholding Pattern: Promoters: Stable around 47.49% as of Mar 2025. FIIs: Have decreased their stake from 23.38% (Mar 2017) to 15.79% (Mar 2025), with some fluctuations. DIIs: Have consistently increased their stake from 5.76% (Mar 2017) to 27.68% (Mar 2025). This strong DII buying is a positive sign. Public: Decreased from 23.47% (Mar 2017) to 9.06% (Mar 2025). No. of Shareholders: Increased from 37,855 (Mar 2017) to 89,567 (Mar 2025), indicating increasing retail participation. Balance Sheet: Consistent Growth: Total Assets have steadily increased from ₹1,176 Cr (Mar 2014) to ₹3,756 Cr (Mar 2025). Total Liabilities have also grown but seem managed. Reserves: Growing steadily from ₹514 Cr (Mar 2014) to ₹2,728 Cr (Mar 2025), indicating reinvested profits. Borrowings: Have fluctuated but remained relatively low compared to overall size, reaching ₹274 Cr in Mar 2025. Corporate Action & Latest News: Recent news would primarily focus on the company's latest quarterly results (which, as per your data, show a decline in EPS and profit growth). Any announcements regarding capacity expansion, new product launches, or market share gains would be relevant. Given its position in the building materials sector, news on real estate demand, construction activity, and government infrastructure spending would impact its outlook. Overall Assessment: Technical analysis of Trendline Support and Parallel Channel Pattern suggests a bullish outlook for Kajaria Ceramics. However, the fundamental picture shows some conflicting signals: Positive: Strong balance sheet with low debt, increasing DII participation, growing shareholder base, and a history of growth in assets/reserves. Negative: High valuation (P/E above industry, above intrinsic value), and importantly, a significant negative trend in profit growth and EPS (both year-on-year and sequentially in the latest quarter). Target of ₹4000 (1-3 years): This is an extremely ambitious target, requiring a nearly 4x increase from the current price. While "history repeat" can be a valid technical argument, it would require a significant turnaround in the company's profitability to fundamentally support such a valuation in the long term, especially given the current negative profit growth. Conclusion: While the technical patterns you've identified could indicate short to medium-term upward movement, the long-term target of ₹4000 seems very aggressive given the recent fundamental trends of declining profit and EPS. For such a target to be plausible, Kajaria Ceramics would need to demonstrate a strong and sustained turnaround in its earnings performance in the coming quarters/years. Considerations: Confirm Technical's: Ensure the trendline support and parallel channel patterns are clearly established and holding on the chart. Monitor Fundamentals Closely: Pay very close attention to upcoming quarterly results. A reversal of the negative profit growth trend is essential to support higher valuations. Risk vs. Reward: Evaluate the risk involved, especially with a stock trading at a premium valuation while showing declining profitability.
NSE:KAJARIACERLong
by sara54654
Educational Video: Nifty Outlook-How Technical analysis is done.We have tried to draw a parallel channel on Nifty hourly chart. The chart indicates that we are just below the mid channel line. The mid channel line will act as a resistance if the price is below the same and will act as a support if the price is above it. Right now it is acting as a resistance. Top of the channel always acts as a resistance and bottom of the channel always acts as a support. Additionally there are historic resistances and supports which indicate the other levels which may act as support or resistance. There are also Mother and Father lines (50 and 200 EMA)(EMA = Exponential Moving Average). To understand in detail how parallel channel works or how supports and resistance are derived or what is Mother, Father and Small Child theory. I would recommend you my book The Happy Candles Way to Wealth creation. By reading this book you can understand all these concepts with ease. You can additionally understand what is fundamental and technical analysis and how to do it. You will also get to understand the dos and the don'ts of investment in equity by reading various chapters on Behavioural Finance. Overall it is a value for money book available on Amazon in Paperback and Kindle version. The book is also available on Google play book and other E-book stores. You can also contact us for getting the copy of it. The Happy Candles way is one of the highest rated books in the category and you can go through the reviews of the book on Amazon before purchasing it. Based on Parallel Channel, Supports and Resistances, Mother Father and Small child theory resistances and supports of Nifty remain at. Nifty Resistances Remain at: 24815, 24909, 24977, 25045 and 25116. The channel top resistance for the current parallel channel is around 25372. Nifty Supports Remain at: 24780 (Mother Line Support), 24679 and 24537. The Channel Bottom support is currently around 24396. 24247 is the most important Father line support. Shadow of the candles currently is neutral. Indicating Nifty can still go in any direction. A pennant like structure (Triangle is also formed). This indicates that Breakout or Breakdown of this triangle or pennant can take Nifty a long way on either side. Nifty is currently squeezing in the pennant with limited space. Usually when the space is limited a Breakout can happen in either direction. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
$ADSK to $340 in Early Q2NASDAQ:ADSK is already a 100-Bagger stock. A 16 year and 10 year linear regression channel show nearly identical baselines for NASDAQ:ADSK , indicating that the baseline - and deviations from the baseline - have been respected for that period of time, and whose boundaries are likely to continue to be respected. Depending on the channel, NASDAQ:ADSK has either crossed above the baseline, or has reached it. Will it crash back down, or use it as support? Using the Multi VWAP indicator we see that over the past month the stock has blasted through every Anchored VWAP initiating from every major gap over the past year, as well as the biggest gaps of the past 3 years. This is bullish. To crash back through the baseline of the regression channels and the anchored VWAPs considering that Autodesk has just recently recovering from a major crash seems less likely. Should the stock continue its trajectory and go to the top of the channel, it could hit $340 before in early Q3.
NASDAQ:ADSKLong
by mwrightinc
CME Gap Aligns with 4h 200 EMAThe CME Gap around 5710-5730 is beginning to align with the 4h 200 EMA. 4h RSI has been diverging bearish 3 times with each leg up within the channel above. Also, a breakdown of that channel has measured moves down that align with both the 4h 50 and 200 EMA: - 50 EMA an 0.5x measured move down - 200 EMA a 2.5x measured move down Pre-req on targeting the gap is a breakdown of the parallel channel shown above, and then loss of the 4h 50 EMA. Good luck!
CME_MINI:ES1!Short
by dudebruhwhoa
EURUSD Wave Analysis – 20 May 2025- EURUSD broke daily down channel - Likely to rise to resistance level 1.1370 EURUSD currency pair continues to rise inside the minor impulse wave (3), which started earlier from the strong support level 1.1130 intersecting with the support trendline of the daily down channel from April. The support level 1.1130 was strengthened by the 50% Fibonacci correction of the sharp upward impulse 5 from March. Given the clear daily uptrend, EURUSD currency pair can be expected to rise to the next resistance level 1.1370 (which stopped the previous correction B).
Long
by FxProGlobal
Bitcoin vs Resistance Zones | Fake Breakdown Below the Channel!Bitcoin ( BINANCE:BTCUSDT ) has been moving up and down with high momentum over the past 24 hours and finally fell below the lower line of the ascending channel . Is this break of the lower line of the ascending channel valid? Bitcoin is trading near the Resistance zone($105,100-$104,140) , Cumulative Short Liquidation Leverage($104,478-$103,941) . Since the volume of breaking of the lower line of the ascending channel is NOT high, the probability of a fake break is very high (in my opinion). In terms of Elliott Wave theory , the structure of the main wave 4 seems to be an Expanding Flat(ABC/3-3-5) . The main wave 5 could lead to the formation of a new All-Time High(ATH ). One of the reasons why I think we saw a Fake Break below the lower line of the ascending channel is that I think the S&P500 Index ( SP:SPX ) will trend upward , and given the high correlation between Bitcoin and S&P500 Index these days, we can expect Bitcoin to increase . I expect Bitcoin to start rising again AFTER breaking the Resistance zone($105,100-$104,140) and touch the targets I have indicated on the chart. Note: If Bitcoin touches $101,800, we can expect more dumps. Please respect each other's ideas and express them politely if you agree or disagree. Bitcoin Analyze (BTCUSDT), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
15
Bitcoin can continue grow in channel, after small correctionHello traders, I want share with you my opinion about Bitcoin. In this chart, we can see how the price remains inside a clear upward channel, respecting both support and resistance boundaries. After breaking above the 93400 - 92400 support area, the price continued to grow and formed a new support zone between 101700 - 102700 points. This area has been tested several times, showing strong buyer interest and keeping the bullish structure intact. Right now, BTC is hovering just above this support area. A minor correction down to this zone would be healthy and could provide fuel for the next upward leg. The market structure shows higher highs and higher lows, typical of a stable channel-driven trend. As long as the price stays above 101700 points, I expect it to move toward the upper channel boundary. That’s why my current target is set at 109000 points, which is the next key resistance and the top of the channel. This move would align with the current trend and follow the previous impulse-retracement pattern we’ve seen throughout this structure. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
12
EURO - Price can make small correction and then bounce upHi guys, this is my overview for EURO, feel free to check it and write your feedback in comments👊 Recently, price entered to falling channel, where it at once fell to $1.1330 level and then not long time traded near this level. Next, price rose to resistance line of channel, and some time traded near, after which dropped. Price broke $1.1330 level and started to traded below this level, and later it continued to decline in channel. Later, Euro made a gap and then exited from channel, after which turned around and started to grow in a rising channel. In this channel, price broke $1.1140 level and continued to move up until it reached resistance line. Then price corrected, and now I expect that Euro can bounce up from support area to $1.1280 inside channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️ Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Long
by WalterMoon
9
GOLD → Short squeeze before a drop to 3150?FX:XAUUSD is consolidating. The market needs a driver, but due to the unstable fundamental background, traders have switched to a wait-and-see mode. Consolidation could turn into strong movement at any moment. But in which direction? Gold under pressure: the market is waiting for signals from the Fed and negotiations. The dollar is putting pressure on the market amid expectations of trade negotiations with India, South Korea, and Japan, as well as statements from the Fed.Earlier, the metal was supported by the weak dollar after Moody's downgraded the US credit rating, but growing interest in risky assets and hopes for peace between Russia and Ukraine reduced demand for gold. Key factors — negotiations and comments from the Fed — will continue to influence the dynamics of the dollar and gold. Technically, the price is in a downtrend and within consolidation. A breakout from consolidation could be accompanied by strong momentum, but I believe that there will be no countertrend movement and that a retest of resistance could end in a decline... Resistance levels: 3265.5, channel resistance Support levels: 3206, 3153 The most likely scenario within the bearish trend is a short squeeze and a downward breakdown from the triangle (the fundamental background and economic risks are slowly but surely declining, and gold may lose value). A false breakout of 3250-3265 could trigger a continuation of the trend towards 3150-3120. Best regards, R. Linda!
FX:XAUUSDShort
by RLinda
23
MarketBreakdown | USDJPY, EURAUD, NZDJPY, CADCHF Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #USDJPY daily time frame 🇺🇸🇯🇵 The pair demonstrates clear strength of the sellers. The price went way below a recently broken resistance. With the absence of impactful fundamental news, the market may continue falling for now. 2️⃣ #EURAUD daily time frame 🇪🇺🇦🇺 The market is trading within a wide falling parallel channel on a daily. Its upper boundary is a strong vertical resistance. I will look for selling from that. Alternatively, its bullish breakout may push the prices much higher. 3️⃣ #NZDJPY 4H time frame 🇳🇿🇯🇵 Before an Australian interest rate decision at night, the pair acted strongly bullish, following our plan. I see a nice double bottom pattern and a confirmed bullish Change of Character CHoCH. I think that growth will resume soon 4️⃣ #CADCHF 4H time frame 🇨🇦🇨🇭 The price formed a nice bullish flag pattern. I am waiting for its bullish breakout to confirm a start of a new bullish wave. A candle close above its upper boundary will validate the violation. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
PENDLEUSDT → Resistance retest. One step away from distributionBINANCE:PENDLEUSDT is preparing for distribution after a prolonged consolidation. The price is testing a key resistance level, which, if broken, will trigger a rally... The coin is breaking through the flat resistance and consolidating above the upper border of the range. The key level is 4.400. If the bulls hold their ground above this level, the growth may continue. Bitcoin is showing bullish dynamics, which supports the altcoin market. The bullish trend may continue in altcoins as well. Pendle may move from consolidation to distribution. Resistance levels: 4.32, 4.400 Support levels: 4.024, 3.622 If the coin manages to consolidate above the key resistance level, thereby confirming the breakout, the price may move to aggressive growth. In this case, the target could be 4.800. Best regards, R. Linda!
Long
by RLinda
4