Priceactionanalysis
SWING IDEA - VEDANTAVedanta Limited , a leading natural resources company in India, is presenting a strong swing trade setup, supported by key technical signals.
Reasons are listed below :
500 Level Breakout Attempt : After multiple tests, the price is attempting to break out from a crucial level following a tight consolidation near its all-time high.
14+ Year Consolidation Break : The stock is on the verge of breaking a consolidation zone that has persisted for over 14 years, signaling a significant long-term trend change.
Bullish Marubozu Candle : A strong bullish marubozu candle on the weekly timeframe underscores robust buying interest.
EMA Support : Price action is trading decisively above the 50 and 200 EMA, indicating sustained bullish momentum.
All-Time High Breakout : The stock is poised to surpass its all-time high made in 2010, signaling potential for further upside.
Target - 580 // 675
Stoploss - weekly close below 425
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Breakout Alert: High-Potential Long Trade Setup in IXIGOIt highlights a descending channel pattern in IXIGO, a common technical analysis formation where price moves between two parallel trendlines sloping downwards.
Key Points:
Resistance (Red Line):
The upper trendline acts as a resistance level where the price faces selling pressure.
It has been tested multiple times, confirming its validity.
Support (Green Line):
The lower trendline serves as a support level where the price typically finds buying interest.
This line also has multiple touchpoints, validating its significance.
Breakout Attempt:
The latest candle shows a strong upward move (+8.87%), attempting to break out of the resistance zone.
Such a breakout might signal a potential trend reversal if it sustains above the channel.
Trading Strategy:
Bullish Case:
If the price sustains above the resistance trendline with good volume, it could indicate the start of an uptrend. Targets can be set using Fibonacci retracement or previous swing highs.
Risk Management:
Place stop-loss below the breakout candle for long positions.
Adjust the stop loss upward as the price progresses to secure profits
11.12.24 Morning ForecastPairs on Watch -
FX:CADJPY
FX:GBPAUD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
#NIFTY Intraday Support and Resistance Levels - 11/12/2024NIFTY will open flat or slightly gap up in today's session. After opening expected upside rally towards the 24750 level and this rally can be extend further for 200+ points in case nifty starts trading above 24800 level. Downside possible if nifty starts trading below 24450 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(11/12/2024)Today will be flat opening expected in banknifty. After opening if banknifty sustain above 53550 level then possible upside rally upto 53950 level in today's session and this rally can be extend for further 400-500+ points in case banknifty gives breakout of 54050 level. Any major downside only expected if banknifty starts trading below 53450 level.
$APT 1D | HTF w/ Market Structure notesI am following this chart and took some notes on the market structure of Aptos which is very useful for the future price action. As long as we defend the swing low, " S-LOW " the price tends to go to the higher levels.
Happy Trading
10.12.24 Morning ForecastPairs on Watch -
FX:EURNZD
FX:USDJPY
FX:GBPAUD
FX:NZDJPY
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
#NIFTY Intraday Support and Resistance Levels - 10/12/2024Gap up opening possible in nifty. Currently nifty trading in the consolidation zone of 24550-24750 level. Any major direction rally only expected if it gives breakout of this zone. Strong bullish rally expected if nifty starts trading and sustain above 24800 level. This bullish rally can goes upto the 25000 level after breakout.
[INTRADAY] #BANKNIFTY PE & CE Levels(10/12/2024)Today will be slightly gap up opening expected in banknifty. After opening bullish rally expected if banknifty starts trading and sustain above the 53550 level. This rally can be goes upto the 53950 level. Downside 53050 level will act as an important support for today's session. Any major downside only expected below this support zone.
XAUUSD sellXAUUSD sell. the price is right now in a price action zone and in a 4 h fib. we closed a 4h rejection candle and went down. i have a bigger stop loss for this position because the price could retrace a little. there is also a head and shoulders improved setup. happy trading
US NAS 100 / US TECH 100 - SHORTQuick trade on the basis of just price action.
You don't need any indicators. Only clean chart with levels.
It doesn't work every time, but works most of the time
09.12.24 Morning ForecastPairs on Watch -
FX:GBPUSD
FX:EURUSD
FX:AUDNZD
A short overview of the instruments I am looking at for today, multi-timeframe analysis down to what I will be looking at for an entry. Enjoy!
EURUSD - LongNothing but pure price action. Clean charts are the best charts.
Only thing you need are levels.
#NIFTY Intraday Support and Resistance Levels - 09/12/2024Gap up opening expected in nifty above 24750 level. After opening if nifty starts trading above 24800 level then possible strong upside rally in nifty upto 25000 level in today's session. 24550 to 24750 range is consolidation zone for nifty any major downside only expected below 24500 level.
[INTRADAY] #BANKNIFTY PE & CE Levels(09/12/2024)Today will be slightly gap up opening expected in banknifty. After opening if banknifty sustain above 53550 level then possible upside rally upto 53950 level and this bullish rally can be extend for further 400-500+ points in case banknifty starts trading above 54050 level. Any major downside rally only expected below 53450 level.
Bitcoin is not looking that well... check out this last candlesBitcoin has indeed broken out of the ascending wedge as we had analyzed; however, I’m quite concerned about the very prominent indecision candle that formed during the breakout. This has me a bit worried.
If we look at the last two days, they’ve also been indecisive candles. This doesn’t necessarily mean that a Bitcoin correction is imminent, but if the price starts losing momentum after several days of sideways movement with wick-heavy candles, it doesn’t paint a very positive picture for the days ahead.
Anything can happen—Bitcoin’s volatility is very high, and the crypto market is currently very bullish. For now, it’s just a matter of waiting to see Bitcoin’s next move and how it reacts.
Best regards!
Have you noticed Nvidia's Range? Waiting on a decision... The price continues to fluctuate, but not even the latest earnings report has been able to break out of this sideways channel (range) shown in the analysis.
Nvidia is a powerhouse when it comes to its earnings reports, and while the price does fluctuate, it hasn’t done so with the same aggressiveness seen in previous months.
At this point, we’re simply waiting for a decision—either wait for the price to break out of the channel, or, if you want to be more aggressive, look for the price to touch the demand zone to go long. You could do the opposite in the supply zone, but I don’t recommend it, as the overall structure remains bullish.
Thank you for supporting my analysis.
TRADE SAFE!
Its OK as longest google stays above 170 ! lets go ! Last week, Google stayed above 170, which is excellent news. Within the analysis, we can see that it’s starting to show bullish convergence. I also drew an ascending channel based on its recent price movements.
In my last analysis of Google, I mentioned that once the price touched the "stacked channel," we only needed to observe the immediate candlestick structure, and from there, it would take off—and that’s exactly what happened (check out the little thumbs-up hand).
Now, it doesn’t matter if the price dips slightly here; the key is for it to stay above 170 and within the mini ascending channel I marked.
The real challenge for Google is breaking through the inflection zone where it’s currently positioned. It was rejected once, so the price will likely attempt to break through this key zone again.
Let’s see what happens in the coming days.
Thanks for supporting my channel! Best regards.
Hey Spy Lovers check this Candlestick Scenarios for future move I suspect it’s time for a good pullback. As we can see, the price continues to fluctuate within the ascending channel, but there are two scenarios I anticipate where a pullback might occur in the coming days.
Note: Every pullback is simply a very natural price movement. This does not mean that we are in a bearish market at the moment. If the overall structure is bullish, pullbacks are just part of the cyclical nature of price movement. Here are two potential scenarios in case the price decides to make this natural pullback:
Scenario 1:
If you compare the two types of candles I marked on the left, notice how the candle patterns have more volumetric, medium-sized bodies than the other. This indicates strength; however, we are not exempt from a natural pullback, which, to complete a trending cycle, broke the structure itself to the upside.
Scenario 2:
Let’s assume the price becomes quite exhausted and begins the pullback I am anticipating. I have marked two zones of great importance where the price will most likely rebound:
First Pullback Zone (equivalent to a block order):
Notice how, coincidentally, this zone touches the support of my ascending channel. Coincidence?
Second Rest or Pause Zone:
This zone must be considered because if there is a structural break, the price may drop lower to this point.
Note: The overall structure remains bullish unless a lower structure or demand zone is broken, Until then, we can only consider pullbacks and impulses as part of the price cycle in its upward movement.
Thank you for supporting my analysis.
TRADE SAFE!
BNB up trendBinance coin already braked out of the long time rectangle classic pattern, it is expected to to continue up trend to the targets which are mentioned in the charts.
