BLASTSunpharma is about to break above strong & multiple resistance zone of 1830 with huge OI suggesting Long Build up.
Risk:Reward = 1:2
Could b bought above 1830 with mentioned stoploss & target.
Resistancebroken
HAL Analysis!Double Bottom Pattern with an RSI Divergence in HAL on a Daily Timeframe!
Double Bottom Pattern Formation in NSE:HAL !
Neckline Breakout in HAL!
Analysis:
HAL has made a Double bottom pattern on a daily timeframe after its downtrend so the trend is most likely to change. As we can see price made falling bottoms but RSI has made rising bottoms so there is a clear divergence as I have indicated in the chart. We also can see the optimum volume during the breakout and also the stock is retesting its new support.
Trade Setup:
Refer to the Analysis and make your own decisions as per your Risk to Reward Ratio
Disclaimer:
Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Applying Fan's Principle on XCHANGING!Fan Pattern in NSE:XCHANGING !
3rd Fan Line Breakout in XCHANGING!
XCHANGING SOLUTION Analysis on a Monthly Time Frame!
Analysis:
Hello all, as you can see I have applied the Fan Principle on XCHANGING SOLUTION, It is a type of Multi time frame analysis, Where we can draw multiple trendlines from an All-Time High price point. As per the Fan's Principle, there is a trend reversal When the price breaks the 3rd Fan Line.
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Amazon - Why is there no resistance?NASDAQ:AMZN broke out of a long term consolidation phase and is starting a massive rally.
Every major consolidation is followed by a major breakout. And if the overall trend is bullish, a bullish breakout is more likely to happen. Last month Amazon finally broke above a multi year resistance level and is now heading back to the top of the rising channel formation. If we actually get a retest of the breakout level, you can then simply enter a long position.
Levels to watch: $180, $380
Keep your long term vision,
Philip - BasicTrading
Tesla Analysis!NASDAQ:TSLA Analysis on a Weekly Timeframe!
Multiyear trendline breakout in Tesla!
Inverted Head and Shoulders Pattern formation at Support!
Neckline breakout in Tesla!
Of course we have missed the entry in a Tesla but take is as a learning. Where I have combined Multiyear Resistance trendline with Inverted Head and Shoulders Pattern. So what we need to do is ,Identify the chart pattern on a longer timeframe and after that on the event of breakout need to come down to lower timeframe. As I marked all the levels on a weekly timeframe but we can enter in the stock on a Daily Timeframe.
Disclaimer = Consider my analysis for Educational Purposes only.
Before entering into any trade -
1) Educate Yourself
2) Do your research and analysis
3) Define your Risk to Reward ratio
4) Don't trade with full capital
Tesla - Breakout leading to four digits!NASDAQ:TSLA is attempting to break out of the long term descending triangle consolidation.
If you cannot wait patiently for your textbook setups, there is no chance you will make money trading. For almost four years, Tesla has been consolidating in a huge triangle formation. And it seems like Tesla is finally breaking out towards the upside. This breakout was actually not unexpected at all and provides a very high probability trading opportunity in the near future.
Levels to watch: $250
Keep your long term vision,
Philip - BasicTrading
Silver - One of two (bullish) scenariosOANDA:XAGUSD recently broke a lot of strong, previous resistance towards the upside.
Silver, metals in general, are experiencing increasing demand in 2024. Therefore, prices of Gold and especially Silver have been increasing for the past couple of months. Silver broke two major previous resistance levels towards the upside and these two levels are now obviously acting as support. If Silver manages to retest these areas, a bullish reversal will occour quite likely.
Levels to watch: $25, $27.5
Keep your long term vision,
Philip - BasicTrading
SHOP range bound with potential for Bullish continuationHi guys so this is a Macro analysis on Shopify (SHOP). Recent weeks of price action have got my eyes on SHOP.
Lets jump right in. This analysis is done on the 1 week timeframe thus supporting a Macro lens look on whats happening.
As you can see, ive highlighted key area with an Orange rectangle.
Below it, you can see candles attempting to get into it and getting rejected few times.
However since Nov 2023 till present time, we've been inside the Orange rectangle.
Recently, we've made it to the bottom of the Rectangle to test it as SUPPORT.
We had about 3 weeks of Testing. With this weeks Candle printing a potential Large lower wicked Hammer candle.
This can be an indication of a attempt to reverse our downtrend from $90ish.
At the same time, we have Support confluence of this Ascending Channel.
And our current candle attempting to break Resistance trendline that formed since Feb and local top of $90.
Remember though a breakout above Resistance trendline is not enough. We would need confirmation of it acting as support.
On top of that, at the posting of this idea. Our weekly candle has yet to close. Maintaining price Above 73.50 would be key.
And to keep in mind that there is also Resistance Above $74.00
If things progress look to where the Upper trendline of Ascending Channel and the Upper border of Rectangle meet to potential target.
Also keep an eye for updates on further signs/ clues to take into consideration to help us make informed decisions!
__________________________________________________________________________________
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 SHOP 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.
DXY (DOLLAR INDEX)The dollar index pair broke the resistance level of 1.04500 and closed the candle body above the 1.0500 level. the market gives some retracement at the 1.04500 level and further goes upward at the 1.0700 level which is a strong resistance level.
USDJPY LONGWith the DXY (Dollar Index) shooting up, we look to buy USDJPY in correlation to the dollar and the EMA'S combined with the broken resistance now turned support give us more confluence.
BITCOIN - After impulse up, BTC can correct and continue rise Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊
Some days ago price started to trades in rising channel, where firstly it broke $42500 level and rose to $48500 level.
BTC made strong correction movement to $38500 points, breaking $42500 level with support area.
After this movement, price turned around again and started to grow in one more rising channel, where soon BTC broke $42500 level.
In channel, price made retest of support level and then continued to grow to $48500 level, which coincided with support area.
Recently BTC broke this level, and now price trades near resistance line of channel, and I think it can correct to support area.
Then Bitcoin can continue to move up, higher than resistance line of channel to $52450 points.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Major Resistance Broken on BTCIt's been a good day for Bitcoin. The price of BTCUSD has broken some major resistance and is dancing around the $50K level. If we can keep up the momentum and flip this resistance into support, it is off to the races!
I know I have been one that has called for a retracement, and it can still happen, but I no longer think that we are going to see any kind of major drop, say back to 35K. The Bitcoin ETFs have been a major player in these recent pumps with more and more volume starting to come in via Wall Street.
I have switched over to a more cycle swing strategy so I can focus on some other things. Right now, I am collecting BTC until we break the previous all time highs at the 69K area. Once we break that, I am holding my stack and going into some other altcoins like ETH and MATIC to ride the rest of the market cycle.
Things are looking more and more bullish as we go along. Just when I think we are starting to top out, the market proves me wrong. But that is what I love about it. The market, especially the crypto market keeps me on my toes. So I am not going to trade against the trend, I am going to stack and ride the wave until it ends. The Logical Trading Indicator PRO is still calling an uptrend, so I am going to keep riding it until the longer trends start to change.
No matter what else I have going on, I am still keeping a side eye on the markets. That's what the longer term time frames and my trend alerts are for. They let me know when it's time to get in and get out which helps me make money by making better decisions!
Until next time my friends, trade logically!
EURUSD 4H Buy Potential with 3 ConfirmationHello guys, this is my idea about EURUSD 4H TF. There is a buy potential for EURUSD because there is a resistance area, trendline, and double bottom. If all of them break it is a buy opportunity. I set my Order Block area there too.
Cup pattern in QQQThere is a cup pattern in QQQ, the resistance of the previous high is already broken as well. It is ready to go up to around $570.
Safe Bulkers, Inc. ($SB) AnalysisSector: Industrials - Marine Shipping | Country: Monaco
Company Overview:
Safe Bulkers, Inc. ( NYSE:SB ), a key player in the Industrials sector with a focus on Marine Shipping, operates globally, providing safe and efficient shipping solutions. As a small-cap company based in Monaco, Safe Bulkers specializes in transporting bulk cargoes, contributing to the vital maritime logistics infrastructure.
Performance Metrics:
NYSE:SB demonstrates compelling performance metrics within the small_cap screening, indicating potential opportunities for investors.
Relative Strength: Exhibiting robust relative strength scores of 3.97 against its sector and an impressive 5.11 against the S&P500, NYSE:SB showcases resilience and outperformance against broader market benchmarks.
U/D Ratios: With a U/D ratio of 1.77 (50 days) and 2.24 (15 days), NYSE:SB reveals positive market sentiment and notable upward price movements.
Detected Base Depth: A substantial detected base depth of 70.67% positions NYSE:SB favorably, indicating a solid foundation for potential future growth.
Price Dynamics:
Despite a slight volume deviation of -2.32% below its 15-day average, recent candlestick patterns reveal a 1.33% range in the last candle body and a strong 100.0% closing range. This signifies strong bullish momentum and stability.
The last closing price, at -1.04% away from base resistance, provides an attractive entry point, suggesting potential for further upward momentum.
Short-term Trends:
Over the last 10 days, NYSE:SB has experienced declining prices, volume, and accumulation, reflecting short-term pull back sentiments.
EMA Analysis:
Historical EMA patterns suggest that NYSE:SB usually encounters local tops when the price closes around 49.18% above its 50-day Exponential Moving Average (EMA). Currently, the last closing price is 9.51% away from the 50 EMA, indicating potential correction levels.
Trade Idea:
An entry at $3.9 aligns with pullback and accumulation signals, providing an attractive risk-reward profile.
A disciplined stop loss at $3.62, based on recent lows, mitigates risk and ensures prudent risk management.
The proposed trade targets an impressive 5.43 Risk-Reward (RR) ratio, with a target price of $5.44, anticipating a total profit of $217.05 or 39.47%.
Conclusion:
Safe Bulkers, Inc. ( NYSE:SB ) exhibits strength in the Marine Shipping sector, with robust relative strength and a detected base depth. The proposed trade idea aligns with pullback and accumulation signals, offering an attractive entry point for investors seeking exposure to potential future growth in the maritime shipping industry.
NQ/ QQQ resistance breakout. Watch for reversal intraday.I already played 10% scalp on this.
But it broke + retested the resistance line. Now resistance is confirmed support:
Watch it close for a good lesson even if you're not in the trade.
Already secured +10% on the breakout. Looking to see if it reverses the downtrend completely intraday.
Also remember: MMs already ROASTED the calls. Now time to ROAST the puts. Welcome to triple witching (formerly quad witching)!
Lyft Showing signs of Life, have we Bottomed?Hi guys! Welcome to an analysis on macro developments of Lyft (LYFT). With the markets doing what they've been doing this year, we have to ask, " Will the % gains come to stocks that are still many many % down from their tops"? Or are some stocks just doomed to fizzle out and take time to re-build/ grow?
Well, if we are in a Bull market, which i personally think we are... Assets with Solid Market Structure & Technicals will also be included into the liquidity being injected into the markets.
Taking a glance under the hood with LYFT, i can see some promising developments playing out. Making me consider LYFT as a Long play.
This analysis is strictly on Technicals and is on the 1 Week timeframe to get a big picture view.
So lets look at Price Action:
Last week candle has broken ABOVE the Major Resistance trendline which has worked to cause Price Declines since November 2021
Notice how we've had many touch points on this Resistance line in RED.
I believe it to have been weakened, thus the current BREAKOUT.
Do we go back to print All Time Highs now? Absolutely NOT.
It requires alot of energy or momentum to break major trends.
But its the 1st step to the road of getting back to all time highs.
We also need Confirmation before anything. This 1 candle is not enough, though an extremely BULLISH candle, a Bullish ENGULFING candle. Which is a great sign and pushs probabilities for confirmation as well.
But we need to now Test the Resistance line as SUPPORT.
With the overlaying Resistance line ABOVE us, i believe we will get a push down to the Support Test.
But so far the break out to me is promising:
Why? Look to the Volume for clues. We are so far seeing increased volume. It is important that it continues.
If at the end of this week, you see Volume has declined. We would need to reassess the breakout, as that would potentially mean this could be a Fakeout.
So getting ABOVE Major Multi year resistance, would support the idea of Trend Change/ perhaps Trend Reversal and a sign hinting that the Bottom is in.
Another Bottoming sign observed = BULLISH DIVERGENCE being spotted.
This is when Price Action prints Lower Lows BUT Indicators print Higher Lows.
Seen in the RSI -> Notice if and when we get above the Resistance line, we will see large % gains.
Another indicator to watch would be the STOCH RSI, as we are getting close to a BULLISH CROSS. If we get it, we will see bullish momentum come in, perhaps pushing prices above this horizontal resistance line.
Anyway i think things are hinting at the idea that we have bottomed. We are in a critical moment for LYFT and we must continue to monitor this week and more.
__________________________________________________________________________________
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 LYFT 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.
DWARKESH: RESISTANCE ZONESNSE:DWARKESH is near its Resistance zones. Position can be taken only after breakout and closing of candle above resistance. Stop Loss should be followed.
RATEGAIN, GOOD TO ADD PARTIALLYRATEGAIN
Added in two batched Today
434 and now at 450.
Keeping SL 413
RISK is DEEP so safe can avoid and wait for retest.
RUNE: Breakout after BreakoutHello friends!
Few days ago I've put BINANCE:RUNEUSDT on my list cause I've seen it to be close to the breakout of the new short-term resistance formed on 1h TF. Interestingly enough, it had just broke out of the long going resistance level two weeks ago, went through the point of BoS (Breaking of structure) (by creating the new higher high after the one that has been under that previous resistance at 1.969) and by this moment it is creating the new Higher Low.
Again, interestingly enough, while forming the new lower low it is creating the new zone of interest by creating this new resistance I was talking about and actually breaking through it. At this particular moment, the breakout isn't yet totally confirmed cause it hasn't gone through the new BoS, but this point might be this new higher low.
So:
If you are risky enough, consider the Entry 1 Zone with the Stop Loss below the previous Low. In case if the Higher Low isn't yet catched, the price can go to the zone of $1.2-1. Consider re-entering at that point.
If you don't like the risk - wait until the break of structure will be confirmed and consider Entry 2.
First Targets will be within the fulfilling of the wick that led us to the previous BoS. Fulfilling it strongly will most probably lead RUNE to the next zone: $2.9-3.1
Cera looks good hereCera has given good breakout at ATH levels.
Can add with SL below breakout area.
Safe can add at retest
resistance level Jammu & Kashmir Bank (J&K Bank), incorporated in Jammu & Kashmir, India, is a publicly held banking company engaged in providing a wide range of banking services including Retail Banking, Corporate Banking & Treasury Operations.
It is the only Private Sector Bank in the country assigned with responsibility of convening State/UT Level Bankers’ Committee (SLBC/UTLBC) meetings.
Key Ratios - Q2 FY23
Capital Adequacy Ratio - 12.86%
Net Interest Margin - 4.04%
Gross NPA - 7.67%
Net NPA - 2.10%
CASA Ratio - 54.69%
Branch Network
At present, the bank has 980+ branches and 1,400+ ATMs. 83% and 89% of all branches and ATMs are located in the state of J&K.
BluetonaFX - USDJPY Approaching 150Hi Traders!
USDJPY has finally broken above the two-month 145.073 resistance level and is quickly approaching 146. The psychological 150 level is now in sight.
The price action shown here on the 1W chart is very bullish; the range zone has been broken, and we are above our 20 EMA. The 145.073 resistance level might be tested now as support, and we are looking for a possible retest candle to show a close above 145.073. If we get this, then our long-term target is 150, which is a huge psychological level.
We also have the FOMC minutes meeting tomorrow, so we could see further levels broken to the upside depending on the outcome.
Please remember to like, comment, and follow, as your support greatly helps.
Thank you for your support.
BluetonaFX
