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SWING IDEA - MEGASOFTNSE:MEGASOFT 's stock price has been retesting around the 50 resistance level for approximately one and half years. Following multiple retest, the stock finally broke out above this level in December 2023 and has since established it as a key support. The stock subsequently surged to a peak of 107, representing a 104% increase. However, it then experienced a sharp correction, plummeting 50% to revisit the 50 support level again. This pivotal point, formerly a resistance, has now become a robust support. Currently, MEGASOFT is exhibiting an upward momentum, poised to retest its swing high at 107. The weekly MACD crossover, occurring after the establishment of support at 50, indicates a bullish trend reversal. Immediate Short Term Target as mentioned in the chart with a potential to reach 13% from current Price Point is also observed. KEY OBSERVATIONS: - One year resistance level of 50 broken in December 2023 - Stock surged 104% to 107 before correcting 50% - 50 level now serves as robust support - Weekly MACD crossover indicates bullish momentum - Upward momentum poised to retest swing high at 107 RECOMMENDATION: Based on this technical analysis, I would recommend holding MEGASOFT for a Long Term horizon. This could potentially yield: - 37% returns from the current price (as of writing) - 104% returns from the support point (50) This analysis highlights a compelling buying opportunity in MEGASOFT, driven by its breakout and momentum reversal. IMPORTANT NOTE: Investors should be aware that there is a possibility that the stock may revisit this Support level at 50 in the near future before resuming its upward momentum towards the swing high at 107. This potential pullback should be monitored closely, and investors may consider adjusting their strategies accordingly. DISCLAIMER: This IDEA is for informational/educational purposes only and should not be considered as investment advice. The analysis presented is based on technical indicators and historical data but does not guarantee future performance. Please conduct thorough research based on financial goals and risk tolerance, and consult with a financial advisor before making any investment decisions.
NSE:MEGASOFTLong
by thepranam
SasanSeifi| Will the Price Continue Its Short-Term Rise?In the 4-hour timeframe, as observed, the price entered a consolidation (range) phase after correcting around the 0.65500 price zone. It then broke previous highs at 0.65950. Following this structural break, the price returned to the gap zone and, supported at the 0.65800 level, experienced positive fluctuations with slight growth, currently trading at the 0.66000 level. In the short term, it’s expected that the price could reach levels of 0.66250, 0.66450, and 0.66500, continuing this short-term upward trend toward these target zones. A possible scenario for the next price movement is that if it consolidates above 0.66000, the price may move upward in the short term towards the mentioned areas and supply zones. To assess the continuation of this uptrend and anticipate future price behaviour, it’s essential to closely monitor price reactions at these levels. Key support areas in the 4-hour timeframe include 0.65800 and 0.65650. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
SasanSeifi| Can We Expect Short-Term Corrections?Hey there, ✌ In the short-term timeframe, we've observed that Bitcoin has surged from the $60,000 range to a high of $69,000. However, following this peak, the price has shown a negative reaction, undergoing a minor correction down to the $67,000 levels after a brief period of fluctuations. Currently, the price has remained in a range after encountering the Exponential Moving Average (EMA) at the $67,000 mark. The significant resistance level ahead in the 4-hour timeframe lies between $67,750 and $68,500. Analysing the chart in the lower timeframes, it appears that the price may be inclined to experience further corrections. If a candle closes below the $66,950 to $66,850 levels, we might witness a price correction down to the demand levels at $65,500, and potentially further to $64,250 to $63,000. Understanding how the price reacts to these levels will be crucial for assessing the ongoing trend. Additionally, if the price faces increased demand and breaks above the established resistance levels, the corrective scenario could be reconsidered. The potential trend is clearly outlined in the chart above. 💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
Short
by SasanSeifi
BTC - Bearish Short-Term...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉After breaking below the previous low of $68,000 (marked in red), BTC's momentum shifted from bullish to bearish in the short term. The question is: until when or where? As long as the bears remain in control, the next major support zone that could hold BTC up is the $63,000 demand zone. 📈Around that demand zone, we will monitor price action and look for bullish setups to confirm a potential reversal. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
SasanSeifi|Will 0.66800 - 0.66500 Support the Price Movement?Hey there, ✌ In the 4-hour timeframe, a downward trend is evident from the level of 0.69400. Currently, due to the breakdown of the significant support level at 0.68, the price has corrected to the liquidity zone of 0.67. If the momentum weakens in this price range and the level of 0.67 is maintained, we may witness a ranging trend with minor positive fluctuations. To better understand the continuation of the trend, attention should be given to the price's reaction at levels 0.67500, 0.67800, and 0.68. Overall, our outlook leans more towards a decline and correction towards the target of 0.66800 and the demand zone at 0.66500. It is expected that the price will be able to correct to the desired support levels. Subsequently, if the price maintains the ranges between 0.66800 and 0.66500 and confirms it, we will enter a ranging phase with positive fluctuations. The potential trends are also illustrated in the image above. ⭕The important support levels are 0.66500–0.66. 💢 This is just my personal analysis, not financial advice. If you found this helpful, feel free to like and comment – I'd love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
2
SasanSeifi| Is Ethereum Poised for a Move to Higher Levels?Hey there, ✌ In the daily timeframe analysis, as shown, the price has entered a downward trend from the $4,000 range. Following this price drop, it reacted at the important support level of $2,100, oscillating between the price ranges of $2,100 to $2,800. Currently, after observing demand at the $2,300 level, the price has experienced slight positive fluctuations and is trading around $2,600. Based on the candlestick behaviour, it is anticipated that in the short term, the price may rise towards the important resistance levels of $2,700 to $2,820, with some minor positive fluctuations. If the price breaks above $2,820 and stabilizes in lower timeframes, the likelihood of further price growth towards the resistance zone of $3,000 to $3,250 increases. In such a scenario, monitoring the price reactions at these levels will be essential for evaluating the next trend. However, if the $2,820 level is not breached and the price fails to maintain its stability, the possibility of a price retracement may rise. The long-term outlook remains bearish, with expectations for the price to move towards the $1,800 to $1,500 range. In the daily timeframe, the $2,450 to $2,300 levels serve as critical support. Maintaining the price above these levels is crucial for the desired scenario. Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! If you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌✌
by SasanSeifi
BTC - Bearish Pressure Ahead!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our latest analysis, BTC has rejected the $50,000 - $52,000 support zone and has been trading higher since then. However... BTC is currently approaching the upper bound of the red channel. Thus, for the bulls to remain in control, a break above the upper red trendline is needed. In this case, a movement towards the $70,000 resistance would be expected. Meanwhile, BTC would be bearish medium-term and can still reject the red trendline for one more leg down. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
SasanSeifi| Will Price Break Through 1.32390?Hey there, ✌ FX:GBPUSD In the 2-hour timeframe, as observed, the price started an upward move from the 1.30 level, reaching up to the previous high of 1.32390. After failing to break this previous high, the price retraced and pulled back to the liquidity level at 1.31400. Following this correction and some sideways movement, new demand emerged, and the price is currently trading around the previous high of 1.32290. With the current momentum, there is potential for a breakout above the 1.32290 and 1.32390 levels. If the price can hold above 1.32, the upward trend is expected to continue, targeting 1.32650 next. After a minor pullback, the price could also rally towards the 1.33 target. To better understand the ongoing trend, it’s important to monitor the price’s reaction to key levels. Key support areas in the short-term timeframe are located at 1.31850 and 1.31400. Additionally, if the price breaks below the 1.31400 – 1.31100 range and holds, the likelihood of a deeper correction increases for some time. This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
by SasanSeifi
SasanSeifi| BITCOIN: Will a Pullback Lead to Lower Levels?Hey there, ✌ Bitcoin is currently trading around the $58,500 range. Given the lack of stabilization above the $60,000 level, we could be facing a bearish trend. Additionally, with the recent break below the $59,300 mark, the short-term outlook on the 1-hour chart appears bearish. We expect that after completing a pullback, the price may move towards the corrective targets of $57,500, $57,000, $56,700, and $56,000. ❌ Key resistance levels to watch are around $59,000 and $59,700. 💢 Keep in mind that this is just my personal perspective and not financial advice. I’d love to hear your thoughts and exchange ideas! Good luck and happy trading! ✌😎 Feel free to reach out if you have any questions – I’m here to help!✌
Short
by SasanSeifi
IDBI Bank-Short term-Penny Stock- Acceleration required!! 09.08.2024 Buy 98 Target 144 Stoploss 74 Risk-reward- 01:02 Holding time: 3-6 Months 1. Inside candle breakout with good support from RSI 2. Now price has reached 10 year old level. 3, Price reclaimed from 50% Fibonacci 4. Volumes are very good in upward movement and decreased volumes during retracement. 5. Price rejected at resistance turned support zone also crossed 21 EMA 6. Price is under consolidation from 6 months in same zone 7. Fundamentals are very good. NSE:IDBI
NSE:IDBILong
by Swinging_Inside_the_BAR
SasanSeifi| Will Gold Continue to Correct? (1H)Hey there, By analysing the OANDA:XAUUSD chart in the short-term 1-hour timeframe, it is observed that the price has experienced corrections from the $2531 level and is now showing a positive reaction within the demand zone, currently trading around $2510. In this timeframe, the outlook leans towards a bearish trend, with a potential decline to corrective targets at $2494, $2490, $2482, and $2477. The potential trends are highlighted in the above chart, and there is a possibility of a price reversal from the $2514 to $2523 range. To better understand the next price movement, it’s essential to observe how the price reacts to these levels. If momentum weakens and the necessary confirmations are received from the specified levels, the corrective scenario will gain significance. Conversely, if the price encounters increased demand and successfully penetrates and stabilizes above the mentioned levels, the possibility of further growth and invalidation of the corrective scenario increases. (For the uptrend to continue and to reach higher targets, the $2531 resistance needs to be broken, and the price must stabilize above this level.) 💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions! Happy trading!✌😎 Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
OANDA:XAUUSDShort
by SasanSeifi
2
IDBI Bank-Short term-Penny Stock- Acceleration required!! 09.08.2024 Buy 98 Target 144 Stoploss 74 Risk-reward- 01:02 Holding time: 3-6 Months 1. Inside candle breakout with good support from RSI 2. Now price has reached 10 year old level. 3, Price reclaimed from 50% Fibonacci 4. Volumes are very good in upward movement and decreased volumes during retracement. 5. Price rejected at resistance turned support zone also crossed 21 EMA 6. Price is under consolidation from 6 months in same zone 7. Fundamentals are very good. NSE:IDBI
NSE:IDBILong
by Swinging_Inside_the_BAR
Khaitan Chemicals & Fertilizers Short-Term Trading IdeaStock trade above all the ema and form a rounding bottom pattern after breakdown on 13 July 2022 stock try to breach the levels of 91 two time but failed, today stock breach the level of 91 with significant trading volume after 2 years with crossover on 24 june 2024. now we can wait for its retracement levels for better and stable upside move which I have already shown on the above chart for your reference you can read the chart. This stock is not for safe players this is risky stock do your complete research Technical Analysis & indicators 🔍 Daily Chart Head & Shoulder Rounding Bottom Educational content This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.
NSE:KHAICHEMLong
by SHEHBAZ_KHAN
Bitcoin to continue meandering around this linear regressionAround 2019, BTC/USD began a linear regression that continues to be respected to this day. Now, it looks like we are currently making a move to the downside of the line, and I expect no lower than 38k. This is a long term play, and it may not be until early 2025 that the bottom is in, however it could be as early as November, which would be great timing for the presidential election. If Kamala wins, expect the bottom to be hit within a week. If Trump, then expect a short pump, followed by a long bleed into early 2025, and then the next run to an ATH will commence and I expect no higher than 100k.
Short
by AdvancedPaperTrading
11