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MAZDA LTD Breaks Out Strongly After 200 DaysMazda Ltd., headquartered in Ahmedabad, India since 1990, operates in process and power industries through two key segments: Engineering Products and Food Products. The Engineering Products segment offers a range of goods including vacuum systems, evaporators, and pollution control equipment. The Food Products segment specializes in producing food color, fruit jams, and fruit mix powders. Discover how Mazda Ltd. is driving innovation and quality in both engineering and food product markets. Stop-Loss: 1490 Target: 2000 Consider exiting half your position after a 10-12% gain and hold the rest to capture the trend. Disclaimer: This information is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a professional advisor before making any investment decisions.
NSE:MAZDALong
by Akshaytrader007
Frankly, I don't feel like explaining, the chart says it all !!Hi. BYBIT:TONUSDT TON is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) . The break out needed for increasing further has not happened but it should happen pretty soon. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
EURCAD: Anticipating triangle formation and bullish breakoutHello traders, Here is my detailed long-term Market analysis of EURCAD. This is intended to educate those who might be new or at their intermediate level in Elliott wave theory. The EURCAD currency pair is currently exhibiting a sideways trend, which is characterized by relatively stable price movement within a confined range. This type of market behavior often precedes significant price movements once the consolidation phase ends. Analysis Highlights 1. Sideways Range and Potential Triangle Pattern Sideways Range : The EURCAD pair has been trading within a horizontal range, indicating a period of consolidation where neither bulls nor bears have a definitive upper hand. Triangle Pattern Formation : This range is likely forming a triangle pattern. In Elliott Wave Theory, a triangle is a corrective wave pattern typically observed in wave (B) of a zigzag correction or wave 4 in an impulse wave sequence. Wave (B) of Zigzag : The ongoing formation suggests that the triangle could be wave (B) of a larger zigzag pattern, which generally consists of three waves: A, B, and C. The zigzag pattern typically appears in a corrective phase. 2. Anticipated Impulsive Upward Move Completion of the Triangle : Once the triangle pattern completes, it is expected to be followed by an impulsive wave (C). This is typically a strong, directional move which would be upward in this case. Confirmation : For the bullish outlook to be validated, the completion of the triangle pattern in all its constituent waves (labeled A, B, C, D, and E) is crucial. 3. Key Points for a Bullish Outlook Triangle Completion : Wait for the triangle pattern to fully form, completing all its waves. Breakout Confirmation : Look for a breakout above the triangle's upper boundary and a key resistance level. 4. Target and invalidation levels 1.62284 Level: The minimum target for the anticipated upward wave. Invalidation level: When price move below wave C of the triangle. I hope this helps. Cheers and happy trading!
Long
by Samuel124
AUD/USDHello Agn, I wanted to give you an update on my previous analysis of this pair. Yesterday, we entered into a downtrend as it moved in our favor. Now, it's at the bottom of the triangle and facing a dynamic resistance level. The price has moved about two-thirds of the pattern, and it's about time to start moving in. Make sure to stay focused and only enter with confirmation. Always put a stop-loss in place because no one in this market can act as a god and forecast with 100% liability. It took me years to understand this, and I always try to teach it to my students. Remember, rock hard and thank me later.
Short
by Cryptosours
KASPA THE END OF A TRIANGLE !After numerous encounters with both the rising and falling trendlines, we find ourselves in a tight consolidation phase, poised for a breakout in either direction. The potential range for this breakout could be as significant as 48%. Scenario 1: Bearish Breakout If the price breaks below the descending trendline and subsequently breaches the 0.1317 support level, we could witness a Increase towards the subsequent targets of 0.1526 and 0.1835, respectively. Scenario 2: Bullish Breakout Conversely, if the price manages to break above the ascending trendline and then surpasses the 0.0975 resistance level, we could anticipate a Decrease towards the targets of 0.078 and 0.052. Confirmation of Breakout It is crucial to note that a breakout is considered confirmed only when the price closes a candle above or below the respective trendline or support/resistance level on the 4-hour timeframe. Additional Considerations While the above scenarios outline potential price movements, it is essential to acknowledge that market behavior is inherently unpredictable and can deviate from these projections. Therefore, it is advisable to incorporate additional technical indicators and fundamental analysis into your trading decisions to enhance risk management and make informed judgments. And these are just my analysis and not economic advice, you should enter into trades based on your own knowledge and analysis.
by Crypto-Oracle1
Consolidation in COAL INDIA - Expect a 15% upmove post breakout COAL INDIA - is nearing its 52 week high with decreasing supply on a daily time frame with a consolidation from the past 100 days. The company has seen an influx of institutional investing. Coal has also been a silent performer and will only increase with the dependency on the product. Good for swing traders to be kept on watchlist. Look for volume gain above the 30w moving average on weekly time frame. Can expect an upward momentum of a min of 25%. Entry - On breakout - INR 455 and above. SL - swing low of 3% TSL - According to your risk profile. Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
NSE:COALINDIALong
by Rokdevildivine
Gold (Xau/Usd) Symmetrical TriangleSymmetrical Triangle Pattern on Gold (XAU/USD) H1 Chart A symmetrical triangle pattern has been identified on the H1 chart for Gold (XAU/USD). Here's a breakdown of its characteristics: Description: This pattern is formed by two converging trendlines, one drawn above the highs and another below the lows, with price action oscillating between them and creating a triangular shape. The trendlines ideally have a similar slope, making the triangle symmetrical. Potential Interpretations: Continuation Pattern: Often, symmetrical triangles act as continuation patterns. If the price breaks above the resistance trendline (upper trendline), it suggests a potential continuation of the previous uptrend. Conversely, a break below the support trendline (lower trendline) might indicate a continuation of the downtrend. Reversal Pattern: In some cases, symmetrical triangles can precede reversals. A breakout above resistance could signal a bullish reversal, while a breakdown below support might indicate a bearish reversal. Additional Considerations: Volume: Ideally, there should be a decrease in volume as the triangle progresses, suggesting dwindling momentum before the breakout. Volatility: A breakout is often accompanied by a surge in volatility. Trading the Pattern: Breakout Confirmation: Wait for a confirmed breakout above resistance or below support before entering a trade in the direction of the breakout. Stop-Loss: Place a stop-loss order below the support trendline for long positions and above the resistance trendline for short positions. Profit Target: Potential profit targets can be based on the height of the triangle or technical indicators. Thank you.
OANDA:XAUUSDLong
by KABHI_TA_TRADING
8