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Consolidation breakout 600+ posible Indraprastha Medical Corp (4H Chart Analysis) Current Price: ₹504.90 --- Key Levels: Support Zones: ₹450 | ₹392 Resistance Zone: ₹520 --- Pattern Explanation: Rectangle Consolidation Breakout: Chart par ek rectangle consolidation ka pattern clear dikh raha hai, jisme price ne ₹450 aur ₹520 ke beech kaafi time tak move kiya. Ab price ₹520 ke upar breakout kar raha hai, jo bullish signal hai. Breakout ke baad price uptrend me ja sakta hai, aur ₹560 aur ₹600 ke levels ko target kar sakta hai. Higher Highs and Higher Lows: Price consistently higher highs aur higher lows bana raha hai, jo strong uptrend ko indicate karta hai. 200 EMA Support: Price 200 EMA ke upar trade kar raha hai, jo ek long-term bullish sentiment dikhata hai. --- Volume Analysis: Breakout ke time par volume me surge aaya hai, jo confirm karta hai ki ye breakout genuine hai. --- Trade Setup: Entry: ₹520 ke upar breakout confirm hone par. Stop Loss: ₹450 ke neeche (rectangle ke lower boundary ke neeche). Target 1: ₹560 Target 2: ₹600 --- Risk-Reward: Risk-reward ratio favorable hai, agar price rectangle consolidation ke breakout ke baad momentum maintain kare. --- Conclusion: Rectangle Pattern Breakout aur 200 EMA support ke saath, ye stock short-to-medium term ke liye bullish lag raha hai. Entry lene se pehle ₹520 ke upar closing aur volume ka confirmation dekhna zaroori hai. --- Note: Analysis technical basis par hai. Market conditions aur risk appetite ke hisaab se position manage karein.
NSE:INDRAMEDCOLong
by pas_infinity
#022 DCA EURUSD SHORT Power MovePrice made a power move into a significant resistance level and I decided to short it. I have placed the 1st Sell Limit at the next major resistance level if price does move against us. I am currently in drawdown on the AUDCHF and SGDJPY trade but oh well, since I have yet to enter on anything EUR or USD I think this is a great opportunity for me to continue trading and also serves as some kind of hedge so long as EURUSD moves in our intended direction, or the other pairs I am trading recovers. Shall see.. 2335SGT 04122024
Short
by ProfessionalDuckHunter
Is Solana Gearing Up for Another Rally?Since early October 2023, Solana has experienced an impressive 1,000% growth, reaching its peak on March 18, 2024. Following this significant rally, the price entered a corrective rectangle pattern, retracing 50% of the previous wave and preparing for the next upward move. After breaking out of the corrective pattern and achieving notable growth, Solana has now formed a zigzag corrective pattern. The price retraced from the 38.2% Fibonacci level, which aligns with the March 18, 2024 peak. Additionally, the price has shown a positive reaction to the midline of the ascending channel. Given this structure, it is expected that Solana will continue its upward trend and touch the upper boundary of the ascending channel. If you found this (SOL) analysis helpful, let us know by hitting the like button! 💙 Where do you think Solana is headed next? 🚀 Drop your predictions and insights in the comments section below! 👇
Long
by Market-Analyzer
#016 DCA EURGBP BUYBuying into Major Support area on the 15 Minutes Time Frame's range. Price is currently in parabolic sell, so I expect price to be rebounding off this major support. Reason for parabolic selling is late scalpers coming into the game just like Labubu by PopMart's bottleneck release (limited stocks available). They think that they are able to sell Labubu for sky high prices because there's anaconda like queues outside official PopMart trying to get their hands on Labubu to resell for sky high prices. Many people get burnt when PopMart released more stocks. Who would want to buy from scalpers when they can get it from official PopMart when buyers doesn't even know if the stock is authentic or not? That's just template explanation. I don't know the actual reason why EURGBP is parabolic. 4H and 1H is going downward according to the 60SMA, but I am not going to sell into Major Resistance and I want to do something, and I think this opportunity is alright. Just don't be greedy. I haven't place any Buy Limit Orders yet. Shall see. Taking profit at the next Minor Resistance level as marked. 1802SGT 02122024
Long
by ProfessionalDuckHunter
1
#017 DCA CADCHF SELLReversing my gears. Shorting CADCHF now since price is in a range currently. I first thought of shorting CADCHF when I was browsing through my watchlist. But I decided to place my Sell Market on the Hourly for added confirmation because the Hourly Time Frame looks cleaner. Actually the Time Frame doesn't matter. I draw the ratio ruler on Hourly because as mentioned, price looks cleaner on the Hourly. Just going for a swing. Haven't decided on Sell Limit orders yet. Shall see, also. 2013SGT 02122024
Short
by ProfessionalDuckHunter
3
BANKNIFTY will go upwards a little moreDESCENDING RECTANGLE BREAKOUT - Banknifty has broken ou t of a strong rectangle pattern on 15 min chart with good confirmation GAP-UP BREAKOUT - The breakout occurred with a gap-up indicating strong upwards momentum SUPPORT FROM 30D SMA - apartfrom this it had also taken support from 30D SMA during the closing of the previous day indicating there is potential for upward momentum 5-MIN TIMEFRAME - the pattern and the breakout is even more clear on 5-min timeframe
NSE:BANKNIFTYLong
by peace_lover
NIFTY will breakout on the upside or downside soonRectangle Pattern Breakout - NSE:NIFTY is trading inside a rectangle pattern and will break out of the pattern anytime either upwards or downwards Rectangle on 5-min Timeframe - Above is the nifty chart on 5-min timeframe which more clearly shows that nifty is trading inside a perfect formed rectangle pattern Strong Resistance Level - Above is another image of nifty on 5-min timeframe indicating how the lower line of the rectangle had been tested 3 times already (including once yesterday) indicating the strength of the pattern Target - target will be 95 points away from the place where the market breaks out on the rectangle. Upside or downside breakout both seem equally probable at this point.
NSE:NIFTY
by peace_lover
1
CAD/CHF Trade Setup: Breakout Retest with High R/R OpportunityThe CAD/CHF pair has displayed significant bullish momentum, successfully breaking out of a strong consolidation zone that has persisted since August. This consolidation pattern resembled a rectangle, providing a clear range for price action. The breakout above this range indicates a potential shift in market sentiment, favoring buyers. Key Technical Observations Breakout Confirmation: The price has decisively closed above the upper boundary of the rectangle, confirming a breakout. This breakout signals increased buying interest and opens the path for further upside potential. Support and Fibonacci Confluence: The previous resistance zone of the rectangle is now expected to act as a support area upon a retest. Notably, this area aligns with the 0.382 Fibonacci retracement level, further reinforcing its significance as a potential demand zone. Bullish Continuation Bias: The breakout aligns with broader market trends and technical indicators, suggesting a continuation of bullish momentum if the support area holds. Trade Setup The following trade setup is proposed for CAD/CHF based on the outlined technical framework: Entry Zone : Near 0.63600 (retest of the previous resistance-turned-support). Stop Loss: Near 0.62800 (below the support zone to account for volatility). Take Profit Levels: TP1: 0.64400 (initial profit target near minor resistance). TP2: 0.65200 (mid-term target in line with historical levels). TP3: 0.66000 (extended target, capturing the broader bullish potential). Risk-Reward Assessment This setup offers an attractive risk-to-reward ratio with a controlled downside (80 pips) and substantial upside potential at each target: TP1: +80 pips (1:1 R/R). TP2: +160 pips (1:2 R/R). TP3: +240 pips (1:3 R/R). Market Conditions to Monitor Retest Validation: Ensure the price action confirms support near 0.63600, such as a bullish reversal candlestick or increased volume. Fundamental Events: Monitor economic data releases and geopolitical developments affecting CAD or CHF to avoid unexpected volatility. Momentum Indicators: RSI and MACD should sustain bullish trends, supporting the continuation of upward momentum. Conclusion The CAD/CHF pair presents a high-probability trading opportunity following its breakout from a well-defined consolidation zone. A retest of the newly established support area near 0.63600 offers an ideal entry point. Traders are advised to remain vigilant and adhere to the defined risk management parameters to maximize potential returns while minimizing exposure. This report is for informational purposes and does not constitute financial advice. Always conduct your due diligence before entering any trade.
Long
by trading_jupiter
AMN Healthcare Services, Inc. | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # AMN Healthcare Services, Inc. - Entry Bias 1 & Entry Bias 2 | Multiple Pattern Mark Up - Triangle Structure | Rectangle Subdivision | Downtrend Continuation - Pennant Structure | Awaiting Target - 12345 | Support=0 & Wave 3&4 | Failed Target Active Sessions On Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Sell
CAPITALCOM:AMNShort
by TradePolitics
EURUSD could be about to plunge below its 2023 lowEUR/USD has been consolidating between 1.0512 and 1.0606 over the past week, indicating a pause in the downtrend. This consolidation may serve as a correction, allowing the market to transition from oversold to neutral conditions. A decisive break below 1.0512, especially during the London session, could lead traders to target support levels at 1.0450 and 1.0425, which are below the 2023 low. For this bearish scenario to hold, the price should not rebound above 1.0545 after the breakout. What is your take on EUR/USD? Share your comments below. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
EURCAD Wave Analysis 19 November 2024 - EURCAD reversed from resistance level 1.4885 - Likely to fall to support level 1.4750 EURCAD currency pair recently reversed down from the resistance level 1.4885 (which is the lower border of the wide sideways price range inside which the pair has been trading from July, acting as the resistance after it was broken earlier). The downward reversal from the resistance level 1.4885 stopped the previous intermediate ABC correction (2) from the end of last week. Given the strongly bearish euro sentiment seen today, EURCAD currency pair can be expected to fall to the next support level 1.4750.
Short
by FxProGlobal
1
NioCorp Developments Ltd. | Chart & Forecast SummaryKey Indicators on Trade Set Up in General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # NioCorp Developments Ltd. - Rectangle | Hypothesis Entry Bias - Double Bottom | Secondary Range Entry - Pennant Structure | Invalid Target - Retracement 1&2 - Awaiting Target | Rectangle Hypothesis Active Sessions on Relevant Range & Elemented Probabilities; London(Upwards) - NYC(Downwards) Conclusion | Trade Plan Execution & Risk Management on Demand; Overall Consensus | Neutral
NASDAQ:NBShort
by TradePolitics