The daily chart of Blue Star Ltd displays a mixed trend with visible levels of support, resistance, and clear price action signals, indicative of potential breakout and pullback scenarios. Price Action Highlights: 1. Trend Analysis: The stock appears to have been trading within a broad channel, with recent price movements consolidating near a key zone. Multiple...
As of November 7, 2024, gold prices have experienced significant volatility, influenced by various global economic and geopolitical factors. Current Price Levels: Gold is trading around $2,734.79 per ounce, slightly below its recent peak of $2,790.15 reached on October 31, 2024. (Reuters) Technical Analysis: • Support Levels: Immediate support is observed at...
The daily chart of HCL Technologies Ltd illustrates an upward trend with strong support levels and clear resistance areas, showcasing both bullish momentum and potential pullback scenarios. Key Observations: 1.Trend Analysis: The stock price is in an overall uptrend, consistently making higher highs and higher lows. It is supported by a well-defined ascending...
Central Depository Services (I) Ltd Daily Chart Analysis This daily chart of Central Depository Services (I) Ltd (CDSL) reveals key market movements and a clear ascending trendline support that has provided a strong base for the stock’s recent upward movement. Key Observations: 1.Ascending Triangle Pattern: The chart shows an ascending triangle pattern,...
Paytm Daily Chart Analysis This daily chart of ONE 97 Communications Ltd (Paytm) shows a strong uptrend with prices consistently following an ascending trendline, forming a triangle pattern with higher lows. The stock is currently testing the resistance zone around ₹780 - ₹790, which aligns with previous rejections. Key Observations: 1. Triangle Pattern...
Stock Analysis and Trade Setup This chart shows a steady uptrend with well-defined support and resistance levels: • Bullish Scenario : The price is holding above the ascending trendline, suggesting continued bullish momentum. A breakout above the 2,780.45 resistance level could provide an entry for long positions, targeting the next resistance at 2,834.6....
Stock Analysis and Trade Setup This chart shows the stock breaking out of a long-term downward channel, suggesting a potential trend reversal: • Bullish Setup : The price has broken above the descending channel, indicating bullish momentum. A strong consolidation above the support level around 631.1 could confirm this breakout. If the price maintains this...
Stock Analysis and Trade Setup The chart shows a clear range with key levels and potential trade setups: • Long Setup : A breakout above the first resistance level around 818.4 would indicate bullish momentum, targeting 846.8 as the first level and potentially extending towards 902.7. Enter a long position only after a confirmed breakout above 818.4 with strong...
just for educational purposes just being positive on this one
for edu purposes and see how it plans for the next few days after it breaks out of that triangle
too many breakdowns in the past few sessions and we need to watch out for further breakdowns as the volumes look bleak disclaimer: for educational purpose only and not recommended for trade
BITFINEX:DOGEUSD is currently consolidating in a parallel channel. need to look out for a breakout or a breakdown. use the areas of demand and supply to learn. Disclaimer: for educational purposes only and not recommend for a trade.
An ascending triangle formation on a 15 min time frame in OANDA:EURUSD Look for a breakout or a breakdown by following the trendline. disclaimer: for educational purposes only. not recommended for trade.
a wedge is forming on an hourly timeframe in NSE:HEG and one can take positions accordingly. Disclaimer: for educational purposes
OANDA:AUDUSD is currently forming an ascending triangle and we should look out for a breakout soon. Disclaimer: for educational purposes.
seems like it has risen up from weakness again due to its volatility. Lookout for breakouts and one can take a position if it sustains above the trendlines. Disclaimer: only for educational purposes in BITTREX:DOGEUSD
BITFINEX:DOGEUSD only for educational purposes and it seems to be consolidating after a breakout within a wedge in a 1 hour time frame lookout for a breakout or a breakout from the horizontal lines
Forming an #ascending triangle in the price action and if it sustains above the breakout zone we can see new highs can anticipate a breakdown as well due to its volatility for caution. disclaimer: for educational purposes