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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
Bitcoin: Exploring Long-Term and Short-Term Scenarios📅 Let's dive into today's analysis, focusing on Bitcoin in the 1D time frame to examine both long-term and short-term scenarios. 🔍 Daily Time Frame Analysis Bitcoin has experienced a decline after breaking the support at 60303, producing a large, high-volume candle and also breaking the 58429 level. However, it has not yet managed to stabilize below this area and is currently in a resting phase. ⌛️ Recent Market Behavior Not much time has passed since the last analysis, and as predicted, after the selloff candle, the market entered a ranging phase with reduced volatility. This has indeed occurred, with volume decreasing during the ranging market. The long upper shadows on recent candles indicate that sellers have the upper hand and bearish momentum is present. 🧲 SMA25 Analysis The SMA25 indicator had moved away from the candles, contributing to the market's ranging and pullback behavior. One of the properties of moving averages is that they attract the price towards themselves like a black hole, or the price ranges until the moving average reaches it. As the SMA25 approaches the candles, we can expect new bearish momentum to enter the market. If the price stabilizes above this moving average, the trend could potentially become bullish again. Confirmation of this breakout would be with a candle stabilizing above 60303. 📊 Volume Analysis The volume is strongly confirming the trend. During declines, the volume increases, and during upward corrections, the volume decreases. This indicates that the volume is converging with the Medium Wave Cycle (MWC) trend and could also influence the High Wave Cycle (HWC) trend. 📈 Bullish Confirmation Relying solely on SMA for bullish confirmation is not very reliable due to its high error rate. From a price action perspective, if we want to confirm a bullish market, we can expect the price to move upwards with stabilization above the 63018 area. The target for this move could be the next resistance at 71607. Breaking 45.39 in the RSI can also confirm this upward breakout. 📉 Bearish Scenarios In case of further market decline, there is a significant support around the 55k area, which is more visible in the 4-hour time frame and coincides with the 0.5 Fibonacci level. If this area is broken, we can expect the price to move at least to the 0.618 area, which is a logical target from a price action perspective and lies between 50k and 53k. This is a very important area that can prevent further price decline. The last support is at 46969, and if the price stabilizes below this support, the HWC trend in Bitcoin will change from bullish to bearish. 🛒 Buying Strategy in Spot For buying Bitcoin in the spot market, it is better to wait until buying volume enters the market and the price stabilizes above 63471. This assumes the price moves upwards without creating a ranging box for buying. If the price ranges in the current area, we can buy upon breaking the range ceiling. If the price starts to decline, we can buy spot with confirmation from candles in the 50k or 46k areas. Be sure to manage your capital and set stop-losses to limit potential losses if the market declines further. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
Short
by itsparham96
BTC: RETESTING AFTER THE BREAKOUT!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Welcome to this quick BTC update. Bitcoin (BTC) is currently testing the support level of the symmetrical triangle it recently attempted to break out of. Here's what we're watching: Retest of Triangle: If BTC holds the support level of the triangle, it could indicate another attempt at a breakout. $60k Resistance: A clean break and close above the GETTEX:59K -$60k resistance level would be a bullish signal, potentially leading to a price increase towards $62k. Impact of CPI Data (Today): The release of the Consumer Price Index (CPI) data today could influence market sentiment and potentially impact BTC's price. Possible Scenarios: A higher-than-expected CPI reading could indicate rising inflation and lead to a risk-off sentiment, potentially causing BTC's price to drop. A lower-than-expected CPI reading could be seen as positive news, potentially boosting risk appetite and leading to a rise in BTC's price. Looking Ahead: The outcome of the retest and the CPI data release might favor bulls, and we might see a good pump up to the $62k level. What are your thoughts on BTC's current price action? What are you watching from the CPI data? Share your analysis in the comments below!
Long
by CoreCrypto1
STX Daily Analysis: Anticipating a Breakout📅 Let's dive into today's analysis in the crypto market. Today's coin is STX, one of the coins that gave significant returns during Bitcoin's surge from 16k to 73k. We won't analyze Bitcoin today since I will provide a complete analysis of Bitcoin tomorrow. 🔍 Analysis of STX Project Overview STX is a layer-2 solution for Bitcoin, similar to other layer-2 solutions, it increases network speed and reduces transaction fees. Additionally, STX provides infrastructure on the Bitcoin network for building decentralized applications (DAPPs). Many well-known DAPP projects use this platform and protocol for their infrastructure. 🎲 Chart Analysis The analysis is conducted in the daily time frame. As you can see, STX had a powerful upward trend and, after reaching the resistance of 3.686 and concurrently with Bitcoin reaching its peak of 73k, it started to retrace. This retracement has been marked by a curved trendline and a trendline from the price bottom, leading the price down to the 1.316 area. 🧩 Key Support Level The support level at 1.316 is quite strong. It is significant not only from a price action perspective but also because it coincides with the 0.5 Fibonacci level, adding to its importance. 📊 Volume Analysis During the last upward wave from 1.316 to 3.686, the volume of green candles began to decrease, indicating a weakening trend that was visible on the chart. After this, and during the correction phase down to 1.316, the volume continued to decrease, suggesting that traders did not engage in buying within the range of 1.316 to 3.686. This indicates that the resistance at 3.686 is not very strong, and the price is likely to test this area again. 🧲 Trendlines and Breakout Scenarios The trendlines that have brought the price down from 3.686 to 1.316 are nearing their end. The price will soon break either the upper or lower trendline. If the curved trendline is broken and its trigger is activated, the price could rise back to the 3.686 peak with a significant influx of buying volume. Conversely, if the trendline from the price bottom is broken, there are two potential scenarios: If selling volume enters the market and Bitcoin loses its 55k support, we can expect a strong bearish momentum. Breaking the 33.44 support on the RSI can confirm this momentum entering the market. If the trendline is broken but Bitcoin maintains its support and selling volume does not enter the market, we might see the bearish trend exhaust, and the price could move back above the 1.316 support level. 💥 Bitcoin's Influence The reason Bitcoin's support and resistance are crucial for this coin's movement is that STX is a layer-2 solution for Bitcoin. Layer-2 projects generally have a high correlation with their primary projects. Additionally, with Bitcoin's dominance at 54%, Bitcoin naturally influences all altcoins, especially one that serves as a layer-2 solution for Bitcoin. 🛒 Buying Strategy in Spot The safest trigger for buying this coin in the spot market is 3.686, which is the all-time high (ATH) for this coin. If the price stabilizes above this level, it could move towards new targets. However, this trigger is 130% away from the current market price, which is quite a distance. Until the price reaches 3.686, there are other triggers that, upon stabilizing above these levels, the price could move upwards. Naturally, these triggers are riskier than 3.686, and the probability of hitting a stop loss is higher. The first trigger is 1.801, which is the peak of the Low Wave Cycle (LWC). Since the price is in a High Wave Cycle (HWC) uptrend, you can consider entering in the LWC. The next trigger for buying is 2.422, which is the MWC resistance. After breaking and stabilizing above this area, we can move towards the 3.686 peak. 📝 Conclusion STX, a layer-2 solution for Bitcoin, is currently at a critical support level of 1.316, which is significant both in price action and Fibonacci terms. With decreasing volume indicating a potential test of the 3.686 resistance level again, traders should watch for key breakouts and Bitcoin's influence on the market. Considering the triggers and support levels mentioned, strategic entries can be made with proper risk management. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.
Long
by itsparham96
1
USDCAD 1D Analysis: Anticipating a Breakout📅 Let's dive into today's analysis. We'll be focusing on the USDCAD pair in the 1D time frame. ⌛️ Long-term Range Box In the 1D time frame, we observe a large, long-term range box that spans 664 days. This box has experienced a complete High Wave Cycle (HWC) range, which is confirmed by the flat SMA99, indicating minimal slope and nearly flat movement over a long period. ♟ Key Levels Range Box Bottom: 1.31434 Range Box Top: 1.38725 Breaking either of these lines will likely initiate a new trend for the HWC. Medium Wave Cycle (MWC) Support: 1.35973 MWC Resistance: 1.37805 🪤 Momentum Indicators As discussed in yesterday’s analysis, momentum oscillators like RSI are less effective in range-bound markets. In this case, although the RSI broke the 43.14 support, the market did not gain bearish momentum because of the ranging condition. This exemplifies why RSI should not be heavily relied upon in such scenarios. 📉 Bearish Scenario If a candle closes below the 1.35973 area, we can expect the price to move towards the bottom of the range box at 1.31434. This support is crucial and could push the price back to the top of the range. 📈 Bullish Scenario Conversely, if the price breaks above 1.37805, it may move towards the top of the box at 1.38725. However, this move is less likely due to the weakness observed in the green candles, indicating weaker buyer strength. 🔍 Candle Analysis Examining the candles shows that reaching the top of the range box takes significant time, with small green candles. Conversely, reaching the bottom of the box from the top happens quickly with strong red candles. Given the weak green candles in the latest upward move that didn't even reach the top of the box, the likelihood of a downward breakout is higher. 🎯 Target Levels In case of a downward breakout, switching to the weekly time frame helps identify important levels: First Target: 1.30183 (0.5 Fibonacci level) Second Target: 1.27624 Third Target: 1.22926 (a very significant support for this pair) 📝 Conclusion The USDCAD pair is currently trading within a long-term range, showing weak buyer momentum and stronger bearish tendencies. A breakout from this range, particularly to the downside, seems more probable given the current market conditions. Traders should watch key levels closely for confirmation and be ready to act accordingly once a breakout occurs. 🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a pair you'd like me to analyze next.
Short
by itsparham96
1