stock breakout1) volume building in stock
2) finally Feb. 2020 resistance breakout in previous week and sustained
3) major resistance for the stock is 60 level
4) stock sustained above 60 level and now take below 60 as support 59 & 58
5) next target is 67 this only possible when bullish market
6) first target 67 and second target 73
Chartpatterntrading
Rectangle on AUD/USD @ D1This rectangle pattern (horizontal channel) on the daily chart of AUD/USD offers a potential bearish breakout opportunity following the general downtrend. The borders of the rectangle are marked with the yellow lines. My potential entry level is where the cyan line is. My potential take-profit level is at the green line. They are based on the rectangle width - 10% for the Entry line and 100% for the TP line. The stop-loss can be set to the high of the respective breakout candle (not shown on the chart) or to the high of the previous candle if the breakout one is mostly outside the rectangle.
How to fade breakouts professionally from my 30 years experienceIn this detailed education video i show how i mainly make a living as a protrader. This is from fading breakouts of chart patterns. I show three examples of this in the past week from the nasdaq and talk about confirmation bias. I also show what its like drawing lines and patterns daily, win/ loss ratios as well as some thoughts of where the nasdaq might go in the next few weeks.
TOMO/USDT Resumes Bullish MomentumBINANCE:TOMOUSDT
TOMO/USDT: Massive price decline to support level 0.9347 after testing 1.66, followed by a resumption of upside momentum.
A bullish breakout above resistance level 1.377, creating a new higher high or confirming the higher low pattern, would be required to validate this price action. At this point, a long entry could be considered.
The 4-hour timeframe shows that the price is creating higher highs and higher lows, which is a bullish technical indicator.
However, it is important to note that the cryptocurrency market is volatile and that prices can move quickly in either direction. It is always advisable to do your own research and to trade within your risk tolerance.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
[INTRADAY] #BANKNIFTY PE & CE Levels(29/09/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. Any Major downside only expected in case banknifty starts trading below 44450 level. also possible Reversal Upside 44050 level.
BAND/USDT Breakout and Accumulation Zone BreakoutBINANCE:BANDUSDT
BAND/USDT breakout and accumulation zone breakout
BAND/USDT has broken out of the downtrend line and the accumulation zone, signaling a potential bullish reversal. The price has shown good strength over the past 40 days, trading within a range of 0.95 to 1.17.
This breakout suggests that buyers are gaining control and that the price could move higher in the coming weeks. The immediate targets are 1.27 and 1.40, with a stop loss below 0.96.
However, it is important to note that the cryptocurrency market is volatile and that prices can move quickly in either direction. It is always advisable to do your own research and to trade within your risk tolerance.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
Ascending Triangle breakdown in CANFINHOMECANFIN HOMES LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakdown of Ascending Triangle Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 736-.
✅Can Go short in this stock by placing a stop loss above 770+.
Rising Wedge Pattern Reversal in TATACOMMTATA COMMUNICATION LTD
Key highlights: 💡⚡
📊On 1Day Time Frame Stock Showing Reversal of Rising Wedge Pattern.
📊 It can give movement upto the Reversal target of Above 2018+.
📊There have chances of Breakout of Resistance level too.
📊 After Breakout of Resistance level this stock can gives strong upside rally upto above 2325+.
📊 Can Go Long in this stock by placing stop loss below 1785- or last swing Low.
[INTRADAY] #BANKNIFTY PE & CE Levels(28/09/2023) Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level.
AR/USDT 1-day potential long setupBINANCE:ARUSDT
AR/USDT 1-day potential long setup
The price of AR/USDT broke the previous resistance level of 4.36 and touched 4.60, but failed to sustain the momentum and retreated. It has since consolidated in the range of 4.22 to 4.48, but is now compressed between 4.00 and 4.17. The price has been accumulating in this zone for the past 7 days, suggesting that there is a strong buying interest at these levels.
A long position is now expected in this area, with a target of 4.60 and a stop loss below 4.00. Bullish divergence is also present on the 4-hour chart, which confirms the bullish outlook.
Key technical indicators:
Price: 4.15
Support: 4.00
Resistance: 4.76
Target: 5.20
Stop loss: Below 4.00
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
Reversal Rising Wedge pattern in AXISBANKAXIS BANK LTD
Key highlights: 💡⚡
📈 On 1week Time Frame Stock Showing Reversal of Rising Wedge Pattern.
📈 It can give movement upto the Reversal Final target of Below 958-.
📈 There have chances of breakdown of Resistance level too.
📈 After breakdown of Resistance level this stock can gives strong downside rally upto below 680-.
📈 Can Go short in this stock by placing a stop loss Above 1080+.
KAVA/USDT 1 Day long position setupBINANCE:KAVAUSDT - 1-day long position setup
KAVA Failing Wedge showing good Reversal at this point .6100 to .6300 Level.
Bullish divergence is suggesting that upward movement is likely in the coming days
Overall, this is a bullish setup for KAVA/USDT, and a long position could be considered.
Please note that this is not financial advice, and you should always do your own research before making any investment decisions.
[INTRADAY] #BANKNIFTY PE & CE Levels(27/09/2023) Today will be FLAT opening in BANKNIFTY. After opening if banknifty start trading above 44550 level then possible upside rally of 400-500 points upto 44950 Level. And this rally can extend for another 400 points if it gives breakout of 45050 level. Any Major downside only expected in case banknifty starts trading below 44450 level. also possible Reversal Downside 44950 level.
RISKY 1:4 RATIO Today's chart analysis
Reliable data services Ltd
Microcap Company has very high risky stock
The company belongs to IT field, providing complete customized services to various banking, financial services and other manufacturing industries in the field of back office processing
Technically analysis
1) stock near-lifetime high and above listing price
2) Stock is above listing price so this can be taken as support
The chart has ascending triangle pattern
4) It takes 5 years to move above listing price
5) so now Stock have heavy potential to move to a lifelong high
6) Lifetime high 72 may act as resistance and also 63-65 level
7) above 63-65, definitely move 72.
8) below 60, take as stop loss for reaching a lifelong high level
9) risk-reward ratio is 1:4
10) very risky stock
11) no recommendation for buying and selling
12) only education purpose
BluetonaFX - EURGBP Ascending Triangle LONG IdeaHi Traders!
There is an ascending triangle formation on EURGBP, and there is a possibility of a breakout to the upside.
Price Action 📊
The market is in an ascending price channel with higher highs and higher lows since breaking above the 20 EMA, creating an ascending triangle pattern on the chart.
We are looking for a resistance break and a close above the 0.87014 level.
Fundamental Analysis 📰
The market's outlook on GBP is currently negative due to weak economic data recently released. The outlook on the GBP looks very negative at the moment, and the demand for the currency is very low, whereas the market's outlook on the EUR has been recently positive, with the ECB recently raising interest rates by 25 basis points to 4.00%.
Support 📉
0.86604: PREVIOUS DAY'S LOW
Resistance 📈
0.87014: TWO-MONTH HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Descending Channel on EUR/NZD @ D1A descending channel pattern has formed on the daily chart of the EUR/NZD FX pair and offers a bullish breakout opportunity. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The stop-loss is to be set to the low of the breakout candle (or to the low of the preceding candle if the breakout one is trading mostly outside the channel) - it isn't shown on the chart.
Descending Triangle on EUR/CHF @ D1A descending triangle pattern has formed on the daily chart of the EUR/CHF pair. It can be used for a bearish breakout setup. The triangle's borders are marked with the yellow lines. The cyan line is where my potential entry level will be. It is located at 10% of the pattern's height below the lower border. The green line denotes my take-profit level. It is set to the 100% of the pattern height plotted below the lower border. I will set the stop-loss level to the triangle's highest point (0.96926) - the red price marker. I will ignore bullish breakouts from this trend continuation pattern.
Ascending triangle pattern 1) Analysis of the weekly charts
2) Chart patterns break out on the charts.
3) Charting an ascending triangle
4) The stock's resistance level was 426; the breakout with an ascending triangle pattern is good sine
5) The pattern's trend continues
6) excellent value accumulation
7) The uptrend appears to be unbroken.
8) target level of 580 halt loss of 370
9) Use 398 as a stop loss with 500-505 as the target level.
10) The stock's sentimental resistance level is 500.
11) No advice for buying or selling
12) solely for educational purposes 13) not liable for any sort of buy or sell, perform your own analysis
Ascending Triangle pattern breakout in AUBANKAU SMALL FINANCE BANK LTD
Key highlights: 💡⚡
✅On 1Day Time Frame Stock Showing Breakout of Ascending triangle Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 800+.
✅Can Go Long in this stock by placing a stop loss below 730-.