HDFCBANK : Cup & Holder at Weekly chart // Bull run start?www.tradingview.com
HDFCBANK : After a long years of consolidation started in Jan-21, now about to breakout through Cup & Handle Pattern.
Here are few pointers for the pattern's stability:
1. Pattern is made on weekly chart which is substantially large time frame.
2. Consolidation time is very long ...almost touching 4-years.
3. RSI is at 80 which is extremely bullish.
4. Momentum / ADX is too bullish.
5. All institutional analyst are bullish
The investment target can be atleast 45% up move in next 12 months period from current price level.
Bullishpattern
VET VeChain Breakout with Price Targets (LONG)IF VET gets a volume increase soon, we will start breaking trough resistance. We have just broken out of a 6 month resistance trend line after finding a bottom. If we can get through the .702 fib re-tracement at 0.402, the we are heading straight to the higher targets towards the top of the channel with the dotted line 0.074 & 0.107
Spot buy and ride this one all the way up!
ASKAUTO strengthening Financias as well as Price Action NSE:ASKAUTOLTD
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KEY Performance
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Robust growth in both top line & bottom line
Highest ever Revenue & PAT in any quarter in past
Revenue growth outperformed Industry growth
Revenue up +31%, EBITDA up + 59%, PAT up +63%
EBITDA Margins at 11.9%, up 210 bps YoY
EBITDA margin improvement resulting from:
Higher Volume driven economies of scale
Benefit from ramp up of Karoli facility
Focus on cost optimization initiatives
EPS at Rs. 2.88, up +63% YoY
CRISIL revised outlook to Positive from Stable
CRISIL reaffirmed Credit Rating to AA- for
Long Term and A1+ for Short Term
Construction work of new Bengaluru Plant
progressing well as per plan
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Powertrain Agnostic product offerings in both EV and Non-EV.
4 World Class Technical Collaborations and 2 World Class Joint Ventures.
Robust financial performance with 17% Revenue growth, 26% EBITDA growth, 41% PAT growth and RoACE of 23.64% in FY24.
High entry barriers due to proprietary material formulations, in-house Engg, Designing & Tool room.
Long standing relationship with customers & established Aftermarket focused on Quality, Cost & Delivery.
Bitcoin Breakout Imminent: $125k Target in Sight!Hey everyone!
Appreciate a like and follow if this analysis helps!
BTC is currently trading around GETTEX:64K level and as you see in the chart, it is forming a bull flag-like structure. A real bullish rally will start once it breaks out from this bull flag.
Currently, many Altcoins are up 50-100% so do not FOMO now. Wait for a pullback to open any futures trade and not sell your spot holdings. They will give you amazing returns in this bull run.
Breakout level:- Weekly close above FWB:67K
Target:- 125k by the end of the bull run.
Strategy:- Take entries when the market gives a pullback not when everything is up 100-200%
What are your thoughts on BTC's current price action? Share your analysis in the comments!
Where will markets trend next? Planetary patterns give us clues!Solar Eclipses are major 6-month pivot points. The next one is on October 2, 2024. Invest By Cycles decodes planetary patterns and astrological cycles as an investing enhancement tool to complement classic fundamental and technical analysis.
ETH ANALYSIS🔮 #ETH Analysis 🚀🚀
💲💲 #ETH is trading in a Descending Broadening Wedge Pattern. And the price pullbacks from support zone.
There is an instant resistance area and if it sustain here then we will see a bullish move
💸Current Price -- $2663
📈Target Price -- $3755
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#ETH #Cryptocurrency #DYOR
#PENDLEUSDT #1D (Bybit) Broadening wedge breakout and retestPENDLE regained 50MA daily support then pulled back to it twice, forming a hammer.
Looks good for bullish continuation towards 200MA resistance, buckle up!
⚡️⚡️ #PENDLE/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (4.0X)
Amount: 5.1%
Current Price:
3.5533
Entry Targets:
1) 3.2645
Take-Profit Targets:
1) 4.2309
Stop Targets:
1) 2.9419
Published By: @Zblaba
SEED_DONKEYDAN_MARKET_CAP:PENDLE BYBIT:PENDLEUSDT.P #DeFi pendle.fi
Risk/Reward= 1:3.0
Expected Profit= +118.4%
Possible Loss= -39.5%
Estimated Gaintime= 1 month
VELO USDT to $0.13Long accumulation phase on the DAILY timeframe that could potentially break out.
This recent formation of a descending wedge pattern suggests significant potential upside for VELO.
The breakout from such a pattern is often a precursor to substantial price movements.
Generally, the higher the timeframe of the breakout, the larger the potential move.
We observed a similar scenario with AERO. We entered AERO when it was in a similar pattern and caught the breakout that propelled it upward, allowing for significant gains.
Target: $0.13 (with higher potential beyond)
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Why $0.13?
VELO has a maximum supply of 1.8 billion tokens, with approximately 800 million currently in circulation. Presently, the market cap stands at $73 million, with a fully diluted valuation (FDV) of $166 million. The potential for VELO to reach $0.13 represents a realistic target that would elevate its market cap significantly.
Velodrome Finance is not just another DeFi project; it serves as a liquidity and yield generation platform that operates across multiple chains, including Optimism (OP) and others. It provides a robust ecosystem for decentralized finance, featuring ample liquidity and yield opportunities.
Similar to AERO, which also formed a descending wedge pattern, VELO could potentially break out and claim the 200 DEMA. If this occurs, it could take VELO toward $0.13, which aligns with the 0.236 Fibonacci level on the daily chart. Importantly, $0.13 is just the first target, and there is potential for further gains beyond this level as the project continues to develop and attract attention.
VELO's presence on Coinbase adds to its credibility and market visibility. As we look ahead, the substantial liquidity and yield generation opportunities available through VELO appear underappreciated, leading to the strong possibility of a 10x return in the future and perhaps even more.
Achieving the $0.13 target would position VELO more favorably in the market, increasing its market cap to a more substantial figure. This target reflects a conservative estimate, considering the project’s fundamentals and its current market conditions.
It’s important to recognize the inherent scarcity of VELO's token supply, which makes it susceptible to significant price pumps. While there is potential for VELO to surpass $0.13, this target serves as a prudent benchmark for the near term.
Velodrome Finance is committed to fostering a decentralized finance ecosystem, providing infrastructure that supports liquidity and yield generation for various applications. It aims to redefine how users interact with DeFi, making it a noteworthy project to keep on your radar.
VELO has been a key focus of mine for some time, and I’m excited to share my insights as we monitor its potential journey toward $0.13 and beyond.
COINBASE:VELOUSD OKX:VELODROMEUSDT CRYPTO:VELODUSD MEXC:VELODROMEUSDT GATEIO:VELODROMEUSDT COINEX:VELOUSDT BITMART:VELOUSDT
NKN Spot trade | 200% potential Bullish breakoutNKN/USDT is showing signs of a bullish breakout with 200% upside potential. The price action suggests a strengthening trend, and if it breaks through key resistance levels, a significant rally could follow. Traders should monitor volume and RSI to confirm the momentum. Keep an eye on the 50 and 200-day moving averages as potential support zones for the move. 📈 #NKN #Crypto #Breakout
FETCH AI - Bullish Pattern : Inverse H&SThere's a few reasons to be bullish on FETCH right now:
👉 Bullish pattern in the daily timeframe; inverse Head and Shoulders
👉 Daily TF price is trading ABOVE 200 day moving averages - bullish technical indicator
👉 Support zone retested and held
👉 Great pick for TOP AI Coins 2024
I'd be watching the Fibonacci zones as potential targets for the next impulse wave up, given BTC will likely lead us there.
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BINANCE:FETUSDT
GMT USDT 20% short term | Spot TradeGMT/USDT is showing signs of a potential breakout, with a 20% pump on the horizon. The current technical setup suggests bullish momentum, with key resistance levels being tested. If GMT can break above resistance with strong volume, it could confirm the start of a short-term rally. Keep an eye on the 50 and 200-day moving averages as well as RSI for overbought signals to manage risk. 📈 #GMT #Crypto #Breakout
GOOGLE THis is what i call SOLID DESICION !! Finally, Google breaks the bearish channel! And we are still at an excellent buying price!
If you're in for the long term with Google:
This is what we call a SOLID DECISION! Despite the recent bad news Google has faced, like lawsuits and other security issues, fundamentally, Google has always shown strength: 0 debt, solid sales and earnings, and, best of all, it’s an innovative company. With an intrinsic value of $180 per share, it’s definitely a long-term buy.
My advice always: forget the news; the numbers speak for themselves! One of the most solid financial statements in the market at a great price.
Now, let's move on to the technical analysis of Google:
Finally, Google breaks the bearish channel with great strength, after respecting our inflection zone (blue zone). As you can see, the price has respected this zone significantly. I’ve been analyzing Google and its rebounds in this zone for months, and we've been forecasting each movement based on the buyer pressure volume when touching this critical area.
In this case, I’ve drawn a vertical line, indicating we're getting closer to Google’s next earnings report. In my opinion, the price will pull back around the $187-$168 range before continuing its bullish trend.
Remember, as Google’s earnings report approaches, we’ll likely see a significant price increase.
Key point: This earnings report will be crucial for Google to move closer to $191, obviously if the report is favorable, but let’s not get ahead of ourselves. First, we want it to pass the point of interest around $168.
Let’s see what Google has in store for us this week...
Thank you very much for supporting my analysis!
SPY LOVERS ! NEW ALL TIME HIGHS But be very careful ! Check hereFINALLY HERE ! NEW ALL TIME HIGHS !
But wait!!! do you really Trust those 2 last Dojis ?
Here are 2 quick scenarios to analyze for the week:
Scenario #1 (Green Line): The price may pull back to bounce off the order block zone I have marked in white, which we know as the institutional block where there was a lot of liquidity.
I call this pattern in my trading system "N3" as it consists of 1 breakout + 1 pullback + 1 trend decision.
Scenario #2 (Red Line): Always considering our active order block zone, the price may break through the block with strong momentum, confirming another pullback or bearish market for several days. In this case, AGAIN, the price could fall back to our buyer pressure zone (blue zone), where higher buying pressure volume has been shown. NOTE: All of this depends on the bearish strength the market carries; we can tell if the market will break downward by simply observing bearish volumetric candles or seeing a lot of active bearish volume.
But for now, we can't do anything as long as the price remains within our bullish channel, which we'll keep monitoring throughout the week!
The decision will become very clear once the price makes the choice to break out of my bullish channel.
Best regards, and a million thanks for supporting my analysis!