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Asian Paints Intraday and Swing for 06.05.2024-Bullish As per the reference analysis on 29th April for intraday, we got good trades(Attached link for the previous analysis). In continuation to this, we got very good structure formation towards bullish movement. Weekly and Day TF is at Strong support area 15 Min TF • Price is in upward trend • Price is reacting as per previous breakout. • Resistances are converting to support which is good sign on bullish hold. • Wait for more consolidation. More consolidation and upside breakout then more chance and quantity can be increased • Fibonacci retracement has taken strong support at 0.618 Level which is very good sign trend continuation. Also volumes has decreased during retracement Strong Buy: Above 2951. Target upto 2990. Swing traders can hold for more profits Get confirmation from any of the leading indicators before entering trade Kindy comment below in case of any clarification required on this particular idea. Please follow for more ideas
NSE:ASIANPAINTLong
by Swinging_Inside_the_BAR
5
Robinhood waking up bigtime Macro signs BULLISHHi guys this is a MACRO analysis on Robinhood (HOOD). Macro meaning larger timeframe aka the 1 week in this instance. Alot of stocks are down from their previous tops. Which means potentials for longterm gains for many names possible. During the decline of assets, price action may create specific chart patterns that may signal the bottom. For HOOD -> such a pattern was observed. We've been in this pattern since January 2022. Making it a BIG DEAL. Acting like a pressure cooker if you will. This pattern is known as the Rectangle pattern, better known as Consolidation or Consolidation zone. Remember chart patterns must be traded on confirmation of a breakout. Its never a good idea to buy within chart patterns as experts say within chart patterns its a 50/50 chance. Therefore, probabilities increase once confirmation comes in. We are currently in the process of trying to breakout. I am now on full observation mode, as i will be looking to add. This current move was initiated by a retrace to the golden FIB ratio at around 10.60$. We maintained support, allowing for our current UPTREND. Notice also i have momentum indicators up. STOCH RSI has crossed Bullish. This will allow for buying to commence. MACD is also giving MACRO bullish signs, BULLISH CROSS ABOVE the 0 level and increasing size of the histobars. Major uptrends occur when MACD is crossed bullish above 0 level, you could even say Bull markets occur. We will continue our Uptrend until Bearish crosses are seen. Now lets look at the market structure above the consolidation zone. Notice how theres not much data above. Only a single sharp group of candles on the left. This shows no resistance exists above consolidation zone. This means price action above will cut through like butter to my 1st target zone at around $30-35. NOW REMEMBER watch for confirmation of a breakout atleast on the 1 day but 1 week prefered. I will be continously updating new information as needed. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on HOOD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:HOODLong
by SafofAllTrades
2
BONK/USDT LOOKS READY FOR A 100% PUMP!!Hey everyone! If you find this analysis valuable, please consider giving it a thumbs up and following for more content. BONK is forming a potential inverse head and shoulders pattern. A confirmed breakout above the neckline could signal a significant price increase. Here's what to watch for: Breakout Confirmation: A candle close above the neckline strengthens the bullish case. Volume: Higher trading volume on the breakout can increase confidence in the signal. Possible Entry & Targets : Entry: $0.025-$0.028 Potential Targets: $0.034, $0.042, $0.048, $0.060 Stop-Loss: $0.022 (Consider risk management strategies and set a stop-loss that suits your risk tolerance.) Let's discuss it! What are your thoughts on BONK's current price action? Share your analysis in the comments below!
Long
by CoreCrypto1
SHIB/USDT: Potential Breakout and Retest - Trade Idea!!Hey everyone! If you find this content valuable, please consider giving it a thumbs up and following for more analysis. SHIB is showing some interesting signs on the chart. We've seen a potential breakout from a previous resistance level, and the price is currently retesting that level as support. Additionally, the 100-day moving average (100MA) is acting as potential support. This could be a buying opportunity for those interested in SHIB. However, it's important to manage your risk. Here's a possible trade setup: Entry: Current market price (CMP) with potential for adding more on a dip down to $0.000024 (be sure to use a stop-limit order for this) Target: 80-100% potential profit (be sure to set realistic take-profit orders) Stop-Loss: $0.00002225 (place a stop-loss order below the support level to limit potential losses) Remember, this is just an idea, and the market can be unpredictable. Always conduct your own research before making any trading decisions. What are your thoughts on this SHIB setup? Share your analysis in the comments below!
Long
by CoreCrypto1
1
USDCAD wedge patternThis pair is forming a bullish wedge pattern. The price is likely to break out to the upside in the near future, presenting a potential buying opportunity for traders looking to go long on this pair. However, currently the price is at a support zone, so we consider buying. Our target is 1.37266 price area.We anticipate a potential rebound from this support level, as historical price action suggests strong buying interest in this area. Traders looking to capitalize on this setup may consider entering a long position with a stop-loss below the support level for risk management. The target price of 1.37266 presents a favorable risk-reward ratio, offering a clear objective for profit-taking. Monitoring price action closely and adjusting the trade as necessary based on market dynamics will be crucial for maximizing gains in this trade setup.
Long
by LeoDante_FX
1
BALAXI Pharmaceutical LTD is Showing Good Strength Can be Held Company has a good return on equity (ROE) track record: 3 Years ROE 47.3%. Debtor days have improved from 71.3 to 56.7 days. Financial Performance Commentary 6 Revenue Higher contribution from the pharmaceuticals business led to y-o-y growth of 20% in revenues for FY23 compared to FY22. The share of LATAM markets increased to 40% of pharmaceutical revenues, highlighting our ability to quickly expand geographical presence. Key contributions to growth came from recently launched operations in markets like Honduras and El Salvador that are showing stronger demand for our products apart from substantial growth in Guatemala and Dominican Republic. Our pharma business in Angola continues to generate strong cash flows that are being re-invested for expanding into new markets EBITDA During the year, operating EBITDA stood at Rs. 59.17 crore, a growth of 7.2% y-o-y. This was on account of increasing contribution from LATAM markets and expansion into newer geographies. EBITDA margin has declined by over 200 bps to 17.6% in FY23 - however, going forward with contribution from the newly entered market rising, there should be a steady rise in our margins Profit After Tax and EPS During the year, Profit After Tax stood at Rs. 45.96 crore. Earnings per Share (EPS) for the year was recorded at Rs. 45.81 compared to Rs. 47.66 in the previous year.
NSE:BALAXILong
by iism-ExpertTrading
4
Tell me if I am wrong. I could use some proof reading.I’ve only been seriously trading for about 18 months now even though I’m pretty familiar with the crypto space… I’m not the best at spotting patterns so I would like to hear what you think. Does anyone else see an inverse head and shoulders pattern on the daily chart for DOGE/USD?? COINBASE:DOGEUSD I innately thought it was a Adam and Eve pattern but I was wrong and I fear I might be wrong again.. LMK what you think.
COINBASE:DOGEUSDLong
by Navidad93
2
DATA ANALYSIS🚀#DATA Analysis :  What Next ??💲💲 ✅As we can see that there was a formation of Descending Triangle Pattern in #DATA and given a breakout and perfectly retest the support zone. We are expecting around more than 100% bullish move in coming weeks 📈📈 🔰Current Price:  $0.05345 🎯 Target Price:   $0.07869 ⚡️What to do ? 👀Keep an eye on #DATA price action. We can trade according to the chart and make some profits. Stay tuned for further analysis and stay updated with market sentiments and news.⚡️⚡️ #DATA  #Cryptocurrency #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
$CDNA Continuation Long Term Channel UpHello, traders! Today we're spotlighting NASDAQ:CDNA (CareDx, Inc), which is exhibiting a compelling long-term Channel Up reversal structure. This formation indicates a robust bullish sentiment, which could potentially lead the stock to revisit its all-time highs and even explore new price levels in the coming years. Chart Analysis: Pattern: Channel Up Reversal Current Price: $11.06 Volume: Ideally, increasing volume should accompany the price rise, confirming the strength of the reversal. Key Observations: The Channel Up pattern suggests a stable and consistent uptrend. The stock's ability to maintain higher lows over an extended period is a strong bullish indicator. The reversal is taking shape after a period of consolidation, offering a clear channel structure as a roadmap for future price movements. Trading Strategy and Targets: First Target (TP1): Around $15-$16, aligning with the first significant Fibonacci retracement level and expected resistance. Second Target (TP2): The next major Fibonacci area falls between $30-$34, where previous resistance could convert into new support, paving the way for further gains. Third Target (TP3): Aiming for $55-$60 as the subsequent Fibonacci level and psychological resistance point. Long-Term Targets: All-Time High (ATH): Reaching for the ATH around $100. Breaking this level could trigger a strong psychological buying response. Price Discovery Phase: If the momentum continues beyond the ATH, speculative targets could range between $200-$350, based on extended Fibonacci projections and market dynamics. Trade Setup: Entry Point: Consider entries on pullbacks to lower channel boundaries or after a high-volume breakout above recent highs. Stop-Loss: Set stop-loss orders below the most recent swing low within the channel to protect from downward breaks. Take-Profit: Gradually take profits at the described Fibonacci levels, potentially using a trailing stop to maximize gains. Risk Management: Invest cautiously, as long-term trades are susceptible to broader market shifts and specific sector impacts. Adjust your exposure based on your risk tolerance and always have an exit strategy in place. Conclusion: NASDAQ:CDNA offers a textbook example of a Channel Up reversal that could reward patient investors handsomely. Keep a close eye on industry trends and financial reports that could influence the stock’s trajectory. Happy trading and let’s ride this channel to new heights! Disclaimer: This analysis is for educational and entertainment purposes only and is not financial advice. Always perform your own research and consult with a professional before making any investment decisions.
NASDAQ:CDNALong
by STP_MrNodeItAll
#ETHUSDT UPDATE! FORMING BULLISH PATTERN!!Hello everyone! If you enjoy this content, please consider giving it a thumbs up and following for more crypto updates. Welcome to this ETH/USDT Quick Update! The chart suggests a potential bullish continuation for ETH. It's currently consolidating within a falling wedge pattern, historically considered a bullish reversal sign. There's also good support around $2900-$3000 (green zone). If the price holds above this level, a breakout from the wedge could be imminent, potentially leading to new all-time highs (ATH). Here's what could invalidate this bullish scenario: A daily close below $2820. What do you think about this? Let me know in the comments!
Long
by CoreCrypto1