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Tradingviewmalaysia

no fundmental 1. **Price Level 4500 is Crucial for this Stock** 🔵 **4500** is marked as a critical resistance level. Historically, the stock has struggled to break above this mark (indicated by previous points of resistance 1, 2, and 3). Now that the stock has crossed this level, it could indicate a potential breakout or strong upward momentum. This is marked by the blue line and the annotation above stating that the stock has cleared previous resistances. 2. **Marks 1, 2, 3, and 4 Indicate Resistance Points** 📊 Each of these points (1, 2, 3, 4) shows where the stock faced resistance previously and failed to break above. However, with the recent move, these resistances have been cleared, which might indicate a bullish trend. - The blue boxes on the chart represent these resistance levels. 3. **Global Markets Not Supporting the Bull Market** ⚠️ **Caution**: The annotation warns that despite the recent positive movement in this stock, global market conditions are currently not favorable for a broad bull market. This implies that external factors might pose risks to further upward movement. Traders should be cautious. 4. **Support at 3896.70 Level** 🔴 The red line near **3896.70** is identified as a potential support level. If the price pulls back, this level could provide a safety net or area of demand where buyers may step in to push the price up again. Support levels like this are important for managing risk, especially for stop losses or re-entry points. 5. **Volume Spike Indicating a Big Move** 📈 **Volume buildup** is observed over the last month (highlighted near September). This spike in volume is an indication that there is increased interest in the stock, possibly signaling a major move is happening. Higher volume often supports the direction of price movement (in this case, upwards). 6. ** Pattern Formation: Cup and Handle? ☕ There's a suggestion of a **cup and handle** pattern, where the stock's price forms a rounded bottom followed by a consolidation before breaking out. This can be a bullish continuation pattern indicating that the stock might be set for a further upward move after the break In summary: The stock has broken above key resistance levels around **4500**. Volume has been increasing, suggesting interest and a possible big move. However, global market conditions may not fully support a bull market, so caution is advised. If the stock pulls back, **3896.70** could be a strong support. The stock might be forming a bullish pattern (like a cup and handle), but external factors should not be ignored.
NSE:VMARTLong
by investigationofchart
USDJPY - one n only area, what's next??#USDJPY.. perfectly holding out major supporting area of the month n quarter as we told you in our last couple of ideas regarding USDJPY. Now market is just near to his one of the most important resistance of the week n today. That is 143.50 Keep close that area because it will be your key level in tomorrow and in overall move. If market hold it then again drop expected below that otherwise after that level market will leads you towards upside mentioned areas. Good luck Trade wisely
by AdilHussain731333