Trendlinesuport
CTK > Rising Wedge > Jump? Potential Target?Hello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of CTK.
According to my technical analysis , CTK is following a trendline support, creating a rising wedge . Now, we are expecting a rise till next resistance.
"My analysis is valid until We don't see a breakout from channel"
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
Feel free to share your views in the comment section. Like and Follow!
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
TLM > Parallel Channel & Trendline Support >time for a Bull-Run?Hello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of TLM.
According to my technical analysis, TLM is moving in a parallel channel . Now, we are expecting a rise till next resistance.
"My analysis is valid until We don't see a breakout from channel"
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
Feel free to share your views in the comment section. Like and Follow!
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
READY FOR LIFTOFF?Lookin at a decending wedge, you have price touching the bottom trendline of a rising channel.If price falls below this zone your looking at the next zone below between $1.85-$1.61. Coming closer to the bottom of this wedge I don't see price retesting the lower trendline of the wedge, but anything is possible. 1st target looking at $9.75, if we get past that I'm projecting a 2nd tarjay @ $19.00, where we have the next major monthly supply zone and some resistance. Let me know your thoughts.
What are Trend Lines?Trend lines are lines that are drawn on the charts connecting a series of prices together . They helps traders to find the further support and resistance .
Further there are two types of Trend Lines:
1. Body to Body Trend lines .
2. Wick to Wick Trend lines .
How often you use Trend Lines?
Lets us know what you think about this educational idea in comments!
KENNAMETAL INDIA LTD.Enter when the price reaches the uptrending support line and hold for more than 6 months atleast. it will blow up.
$CNCIts possible price can bounce off trend line support. The support has been pretty strong. It does look as though price is forming an H&S as well so be cautious and let price develop. If price does bounce off its possible price can head towards resistance possibly forming an ascending triangle. Its also possible price can break through trend line support and sell off some.
$IQIts possible price can head back up, price is at trend line support and possibly forming an descending channel towards the support of the trend line. Price could possibly head back up to the resistance. Its possible price could be forming an ascending triangle as well
RLCBTC. Resistance becomes support.RLCBTC 1H. Trendline resistance becomes support and on the 1 hour chart price may soon find itself sitting on the 200EMA. With this confluence of factors including horizontal support I am looking at a long trade once & if this candle closes above the 200.
GM: Don't bet against Pickemup Trucks!Cyclical stock, truck sales booming online with retail stores closed, lol. Buy em sight unseen, delivered to your door!
Downside at the gap from 22.68, could fill, would be a buy opp if it does. H&S pattern evident, stock had unsupportable runup, trades at fair value.
Either get a bounce from $25 headed back to $35, then $40 at cyclical highs, or 10% correction to fill gap then bull again IMO.
In the Aug $25 calls, short Jul 28s in $3 bull spread for under $2 premium. Keep shorting weeklies against the long contracts to pay for them.
Bought shares in a covered write as well.
Just an idea; not investing advice; trade at your own risk! GLTA!
GBPJPY TA : LONG Whats up people, The H4 candle shows signs of bullish energy, the 14ema also acts as a support zone for long position and its a fib long as well.
Trendlines...Trendlines can be super powerful! Draw them onto the tops of the wicks of the candles, do not 'make them fit' and always be wary for a retest to get that sniper entry!
