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Uptrend

MCDOWELL-N: Riding the Upward Wave! Analyzing for Potential GainHello traders, Following the positive response to last week's study on AARTIIND , let's delve into another promising stock: NSE:MCDOWELL_N (United Spirits). 📈 Uptrend Observation: MCDOWELL-N has been exhibiting a consistent upward trajectory, bouncing off demand zones and charting higher. ⚖️ Strategic Entry Points: Anticipating potential upward movements, especially as it tests the demand zone below the CMP (Current Market Price). 💹 Derivative Trading: Derivative traders, consider the 1100CE option for liquidity. Monitor spot prices and buy the premium at opportune moments. 📅 February Forecast: With heightened volatility expected in February due to budget considerations, a watchful eye on market dynamics is crucial. 🧐 Trade Caution: Remember, my analysis is a guide, not a directive. Conduct thorough research before making any trading decisions. 📌 TradingView Wisdom: As TradingView says, "Look first, then leap." 🙏 Thank You: Grateful for your support! See you in the next post. Best regards, Alpha Trading Station
NSE:UNITDSPRLong
by AlphaTradingStation
DASHUSDT most likely is going to continue to go upDASHUSDT most likely is going to continue to go up. There are 2 resistances in front of the price which I mentioned below. 🔵Entry Zone 28.96 - 28.21 🔴SL 26.78 🟢TP1 32.12 🟢TP2 34.59 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments.
Long
by JosephMcKenzie
EURCHF | Hidden Bullish Divergence | AB=CDEURCHF's chart currently shows the formation of an AB=CD pattern, which signifies a Potential Reversal Zone (PRZ). Additionally, there is a Hidden Bullish Divergence , indicating a shift in the trend towards an uptrend. In technical analysis, an AB=CD pattern is a harmonic price pattern that suggests a potential reversal. The completion of this pattern at the PRZ indicates an area where traders might anticipate a reversal in the current price direction. The presence of a Hidden Bullish Divergence adds further confirmation to the potential reversal. Hidden Bullish Divergence occurs when the price forms higher lows, but the corresponding indicator (such as the Relative Strength Index or RSI) shows lower lows. This discrepancy suggests that, despite lower lows in the indicator, the underlying momentum is becoming more bullish. Combined, the AB=CD pattern and the Hidden Bullish Divergence suggest a scenario where the market may be poised for an upward reversal in EURCHF. However, it's crucial to conduct a thorough analysis and consider other relevant factors before making trading decisions, as no single indicator guarantees market movements.
Long
by awaisulabdeen
6
Oil upward move!Hi all, been away for a while now. really had to take a step back and rethink my whole take on this market and especially the oil market. Cant figure out where the market had to go and why it did not respond to all the news and macros in the market. But here is my take on where the oil prices have to go for the next couple of weeks/months. I have the following points on the graph and with the current conditions in the market, the war in the Middle east, missles in the Bab al-Mandab Strait which have resulted in several ships stopping their travel through the strait. TP1: 81-82 TP2: 93.5-94 Good luck!
TVC:USOILLong
by Hvalp