BNP Paribas (BNP.pa) bullish scenario:The technical figure Triangle can be found in the daily chart in the French company BNP Paribas S.A. (BNP.pa). BNP Paribas is a French international banking group. With 190,000 employees as of February 2021, the bank is organized into three major business areas: Commercial, Personal Banking & Services (CPBS), Investment & Protection Services (IPS) and Corporate & Institutional Banking (CIB). BNP Paribas is the largest banking group in Europe, after HSBC, and ninth largest Banking group in the world. The Triangle broke through the resistance line on 04/11/2022. If the price holds above this level, you can have a possible bullish price movement with a forecast for the next 37 days towards 52.65 EUR. Your stop-loss order, according to experts, should be placed at 41.53 EUR if you decide to enter this position.
BNP Paribas SA joined European peers in getting a lift from rising interest rates, with higher income from lending and debt trading propelling earnings past analysts’ estimates.Net interest income at the Paris-based bank rose 9.6% from a year ago, and fixed-income trading jumped 25%, just ahead of the average for the biggest Wall Street firms.
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Trianglepattren
ADANIGREEN is forming triangle patternNSE:ADANIGREEN large cap adani stock is forming triangle pattern.
Cons:
Very high PE ratio - 600
Very high debt to asset ratio - 0.9
News driven stock
Pros:
Adani stock
30% below its all time high
Green energy sector
Not recommended for long term as price can crash any time due to high PE ratio. But good pick for swing with very high risk.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
Symmetrical triangle on Matic/Polygon On Matic has there been a symmetrical pattern formed which shows a 50/50 of the price breaking to the upside of the downside. This said does the price trend show that the price is more likely to break to the downside as the market trend is bearish.
Entry price: In the apex at 0.65.
Stop loss: At 0.67, which is inside the triangle so when the triangle breaks to the downside but after the break to the downside starts trending upwards and is stopped by the stop loss.
Target price: Is extrapolated from the triangle height/the upper trend line and this target price set at 0.349.
This is also 45% gain if the prediction is successful.
TATACONSUM is forming triangle patternNSE:TATACONSUM large cap stock is forming triangle pattern.
This fundamentally and financially strong stock is trading 15% below its all time high, and at the support of the triangle pattern.
Hence it seems like a good opportunity to accumulate.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
Ripple : This seems to be "Absolutely" perfect time for Entry.Hello guys. It's been a little while since we have posted our idea. Here we again giving you sharp and well studied technical analysis once again. Happy to get back to you.
So our today's study will look at the long awaited #XRP breakout. Ripple have been struggling since June 2021 and has been in a longer down trend correcting itself with other alt coins. In the weekly chart that we consider to see the possible outcomes in the mid to longer terms Ripple breaked out from the strong resistance line depicted by the upper side blue line. Volume looking goo after a huge amount of cash flowed into XRP and specially the court case that the ripple community won did have a very big impact on the breakout.
- On the other hand MACD50 looking bullish heading to be under the price in the following days if trading will continue to behave the same way as it is now. MACD 200 looking comfortably bullish too which starts to be under the price for the second week in a row after the newly started weekly candlestick.
- At last the falling wedge created seems to be already broken and bulls are having a good positions helping themselves strengthen in the prior 2 weeks.
Conclusion : Considering the longer term investment opportunity we are looking for a very good profitable trading on XRP since it have a good project on hand with a very strong community base. Besides the fundamental insights technically speaking the chart is defiently on favor of the bulls. I will be analyzing the shorter timeframes and will give you some insights about the short term profit possibilities.
Accumulation Area : 0.41 usdt - 0.55 usdt
Possible strong resistance areas to consider a distribution for traders are :
Target 1 : 0.68 usdt
Target 2 : 0.92 usdt
Target 3 : 1.12 usdt
Target 4 : 1.32 usdt
Target 5 : 1.6 usdt
Target 6 : +1.96 usdt
Stop Loss : 0.38 usdt and 0.31 usdt
Thank You For Your Time and don't forget to give a like if you agree with the idea or drop your comments if you don't agree with the idea and lets learn from each other.
With Regards.
Nathnael B.
OLECTRA is forming triangle patternNSE:OLECTRA small cap e-bus stock is forming triangle pattern.
EV related stocks with strong financials are good to average at every dips and wait for good up move on a relevant news.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
📈✌Cardano Daily Long Position: Spot✌📉BINANCE:ADAUSDT
COINBASE:ADAUSD
💥Triangle pattern💥
First, please take a look at my previous analysis and positions.
between now and the red area, you can open a long position in two steps.
If the price rises and reaches the risk-free level, you can risk-free the position.
TP1-2-3 are on the chart.
The optimum stop-loss is below the determined area.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
APLAPOLLO is forming triangle patternNSE:APLAPOLLO mid cap stock is forming triangle pattern.
Cons:
Trading above it's intrinsic value.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
XRP/USD Elliott Wave count and trade 4H TFXRP perfect tirangle to trade.
Wave B retrace 0.618 of A, Wave C retrace 0.764 of B, wave D retrace 0.764 of C, expecting to see the E wave fall into 0.618 - 0.764 retrace of D.
0.34 % target for take profit from end of E wave. Stop lose below C wave end.
Aggresivve entry at 0.618 fib retracement of D, a more confident entry will be on the break of BD trend line.
If you like my analysis subscribe for future ideas and hit the like button.
Thank you and good luck!
NBIX: Pharma higher highs!Neurocrine Biosciences, Inc.
Intraday - We look to Buy at 104.23 (stop at 98.97)
A sequence of intraday higher highs and lows has been posted. This is positive for sentiment and the uptrend has potential to return. A weaker opening is expected to challenge bullish resolve. Support is located at 104.00 and should stem dips to this area. Dip buying offers good risk/reward.
Our profit targets will be 120.54 and 128.00
Resistance: 121.00 / 136.00 / 140.00
Support: 104.00 / 80.00 / 55.00
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WAVES triangle fractal#WAVES/USDT
$WAVES is inside a triangle that is below a long-term triangle.
🐻 if price follow the previous triangle it will breaks down the lower line to touch the descending trend lines around $3.5 and $3.2, and break down from $3 will drop price toward last long-term support around $2.
🐮 holding the lower line of 4h triangle will increase price to break out from long-term descending resistance to reach resistance zone around $4.2 and will increase more toward upper trend lines.
ETH: CONSOLIDATING INSIDE A TRIANGLE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick ETH update.
ETH is trading inside a triangle pattern in 4hr time frame. Currently, it is trading near the lower trendline and holding the lower trendline so far. If it breaks down and closes below the triangle then be ready for $1000 per ETH and in that case Alts also started dumping with ETH.
If it holds this support and bounces back then it needs to break above the triangle for a good upside move to the $1600 level.
As of now waiting for a clear direction is a much better decision here.
Hope this idea will help you to take better decisions in your short-term trading plan.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
APOLLOHOSP is forming triangle patternNSE:APOLLOHOSP Large cap Health care stock is forming triangle pattern with 4 months support line and 9 months resistance line with 4 rejections.
Previous support line was broken at 2022-04-29 and fallen 25%, hence this time enter only on strong breakout and follow strict SL.
Shorting can be attempted with triangle's support is broken strongly, and SL need to be followed strictly.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.
Profits are not made from following ideas, but by following Risk Management .
Shanghai Composite Index Macro TriangleOstensibly SSE in a macro triangle formation. In this scenario we typically find peaks at 786 relationship of one another, At times we find the last leg falls shy of the 786.
** Please not the idea conveys only a potential pattern and how it may complete, and is not intended as a projection of future price action which relies on many factors that patterns and charts cannot and often do not capture.
XRPUSD forming a Triangle pattern, buy the breakoutXRPUSD
price is forming a triangle pattern, wait for a bullish breakout to buy.
Trade Wisely
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
A little fluidity to moveA clearly formed triangle after going sideways for a month, a simple chart to show the momentum above the triangle
Over the past months, we have seen bears active to be asleep inside their caves, But it's almost winter, and it's time for the bulls to come out :D
BINANCE:BTCUSDT
Good luck
MAGADSUGAR is forming triangle patternNSE:MAGADSUGAR small cap is forming triangle pattern .
PE lower than peers . Consistent dividend payer.
Key note : Always follow proper risk management to avoid losing capital from false breakouts as this is common.
Caution : This is a knowledge sharing analysis, not a call.