Get started

Support and Resistance

INSPECT (INSPUSDT): Bullish Wave Imminent, Time To Buy!?INSPECT shows several optimistic bullish clues after testing a significant ascending support trend line on the 4-hour chart. Analyzing the chart, it is evident that the price formed a cup and handle pattern and has violated its neckline, demonstrating a bullish imbalance, along with a confirmed breakout from a descending parallel channel. Additionally, a confirmed Change of Character (CHoCH) has occurred. The price shows strong potential for further growth, and I believe it will soon reach the 0.054 level.
Long
by linofx1
2
Reading the charts and Learning Techno-Funda Analysis. We will continue our weekly study of reading charts Today we will try to understand how to read the chart of Reliance Industries and learn how to make assumptions based on the same. First thing that one must understand that reading the charts is not a rocket science. One has to be creative, attentive and a sort of meditative while reading a chart. When you keep looking at it with focus and keep on asking the question and reasoning behind the moves you will definitely get your answers. Thus by asking the question to the chart and by observing the chart and searching fo the answers by noticing the patterns, historic layouts, supports, resistances and applying certain amount of basic maths and common sense one can come to know about the risk is to reward ratio in buying a stock or a derivative. Let us have a look at the Weekly chart of Reliance Industries. Remember we are not recommending this stock we are learning how to read the chart. The purpose of article was is purely Educational. The First thing that I observe here is that trend line provided the stock is moving in a particular parallel channel. Many of the stocks do move in channels. Reliance hit the channel top at 1608 and has been correcting and searching for bottom ever since. The low that it made was 1217 where it found a support at a trend line. After that it again tried to move upwards but faced a resistance near 1316 and corrected again this week until it found a support on the same trend line today at 1239 and bounced again to close the day and week at 1272.85. Again the resistances for reliance will be near 1316, 1355 and then 1380. 1380 will be a difficult resistance to conquer as it is the 50 Weeks EMA or the Mother line of weekly chart. 1380 currently also happens to be the mid channel resistance. Making it again a difficult resistnace to conquer. Above 1380 Reliance becomes very strong and can go to 1442, 1530 and 1602. Channel top seems to be at 1770. Supports for Reliance seems to be at 1241, 1218 and the zone between 1174 and 1181. This zone seems to be a very strong support as 1181 is 200 Weeks EMA and 1174 is the channel bottom support. So in all likely hood in case there is a closing below 1241 this is the zone where the stock can end up. MACD is in the negative zone but it is starting to turn towards positive zone. However there is still some distance to go before the moving averages converge and becomes positive. RSI of the stock 35.37 and looks bearish. RSI support zone can be the zone around 30. Fundamentally Reliance as we all know is one of the premier Indian company with a market cap of Rs.1722468.1 Cr. Price to Earning ratio of the stock is 25.6 which can be considered moderate valuation. Negative aspects of Reliance are that promoter holding of the stock decreased slightly by 0.1%. Net cash flow is again a slight issue currently alsong with fall in QonQ revenue. Positive aspects of the company are that Net profit has grown along with profit margins QonQ. Reliance is a company with low debt. Reliance has Zero promoter pledge. MFs have increased their shareholding in last quarter. Why I mentioned the fundamentals of the stock here is because when you buy a stock you need to look at the Fundamentals of the stocks along with Technical analysis. That is Techno-Funda analysis of a stock in true sense. I sincerely hope that this write-up will help you in reading the charts, understanding the importance of charts and understanding fundamentals of the company. These aspects are necessary for you to becoming a better investor. For more such snippets of knowledge please keep reading my Smart Investment, Smart Bonanza and Smart Plus articles. I also have a youtube channel by the name of Happy Candles Investment. You can also find me on X by the handle @candles_happy. For in-depth understanding of Techno-Funda investing you can read my book which is The Happy Candles Way to Wealth creation. This book is available on Amazon in paperback and Kindle version. The book contains valuable tips for you to maximise your profits from stock market and wealth creation. It also explains my much coveted Mother, Father and Small Child Theory. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. There is also chance of bias in our opinion. I, my family or my clients may have a long position in the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:RELIANCE
by Happy_Candles_Investment
EURUSD Will be in bearish directionHello Traders In This Chart EURUSD HOURLY Forex Forecast By FOREX PLANET today EURUSD analysis 👆 🟢This Chart includes_ (EURUSD market update) 🟢What is The Next Opportunity on EURUSD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
Gold is in the Bearish DirectionHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
PYTH:XAUUSDLong
by ForexMasters2000
EURUSD: Indecision & PivotsHello, FX:EURUSD is currently experiencing a period of indecision, with opinions on its future direction varying widely. While the pair has historically respected an upward trendline, with the 1Y low at 1.033215 serving as a key support level, recent price action has been sideways.   The most recent support level was established at 1.045325. Despite this support, the prevailing sentiment remains bearish. A sustained break below 1.045325 could signal further downside. Conversely, a sustained break above the 1W/1M pivot point (PP) would be required to shift the near-term outlook to bullish. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
RSRUSDT: Prime Demand Zone on Lower Time FrameThe blue box marks the strongest demand zone on the lower time frame for RSRUSDT. This level is ideal for potential buy entries, as it represents an area where buyers are likely to step in aggressively. Watch for price reactions within this zone and consider lower time frame confirmations for optimal entries. Always manage risk effectively. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence
Long
by XU99
Darvas Box Strategy - Break out Stock - Swing TradeDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only. Stock has given break out. Buy above high. Keep this stock in watch list. Buy above the High and do not forget to keep stop loss, best suitable for swing trading. Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:1 Stop loss can be Trail when it make new box / Swing. Be Discipline, because discipline is the key to Success in Stock Market. Trade what you See Not what you Think.
NSE:BLS
by AnsariTV
DOGE Signals Continued Growth Trend During Past WeekOver the past week we have seen continued support for the current growth trend in the COINBASE:DOGEUSDC market. It doesn't hurt that the richest man in the world also created a new govenrment agency in the next administration using the same name. With all the increased visibility of the name on socials and trad media, national and international interest in DOGE markets on exchanges around the world is taking off. We see positive indicators of a continued uptrend with pockets of opportunity for positive entry points in the market during waves of consolidation as we see here.
COINBASE:DOGEUSDLong
by LawrenceOfCoinrabia
THE KOG REPORT - UpdateEnd of day update from us here at KOG: A nice end to the week with gold giving us the long into the level we wanted and then the red box reaction giving the short trade. We're now approaching the key level support and order region 2650-55 which is where we would expect a potential RIP. For now, we're done for another successful week on the markets, red boxes playing out perfectly, the KOG Report near enough with a little modification to the plan. Wishing you all a great weekend ahead and we'll be back on Sunday with the KOG Report and our view for the week ahead. As always, trade safe. KOG
FX:XAUUSD
by KnightsofGold
4
Nifty is again a rising star..We today saw Nifty rising like a Phoenix to close the day at 24768 after making a low of 24180. In one of the most volatile session Nifty gained 588 points from day's low. The rise was from the right side bud of the star formation which gave superlative support to Nifty on the weekly chart. The weekly candle formation is of the shape of Thor's hammer which means further upside cannot be ruled out subject to Nifty closing above 24860. In such a scenario further resistances for Nifty will be at 25240 and 25514. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. Link to buy my book from Amazon is available below in my signature. 25514 is the sigma resistance of the Star which can be little difficult to conquer but in case this level is conquered by Bulls further upside of 25665, 25919 and finally 26K+ levels cannot be ruled out. Supports for Nifty remain at 24500, 24184, 23907, 23396 (Mother line of 50 Weeks EMA) and finally 23187 which is the channel bottom support. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTYLong
by Happy_Candles_Investment
USDJPY Wave Analysis 13 December 2024 - USDJPY reversed from support zone - Likely to rise to resistance level 156.35 USDJPY currency pair recently reversed up from the support zone located between the key support level 149.20 (former low of wave ii from the middle of October), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (1) from September. The upward reversal from the support zone started the active intermediate impulse wave (1). Given the clear daily uptrend, USDJPY currency pair can be expected to rise further to the next resistance level 156.35, top of the previous impulse wave (1).
Long
by FxProGlobal
EURGBP Wave Analysis 13 December 2024 - EURGBP reversed from support zone - Likely to rise to resistance level 0.8350 EURGBP currency pair recently reversed up from the support area set between the long-term support level 0.8210 (former support from the start of 2022) and the lower weekly Bollinger Band. The upward reversal from the support zone is likely to form the weekly Japanese candlesticks reversal pattern Hammer, if the pair closes today near the current levels. Given the oversold weekly Stochastic, EURGBP currency pair can be expected to rise further to the next resistance level 0.8350.
Long
by FxProGlobal
KMDUSDT | %1500 VOLUME INCREASE BIG OPPORTUNITYKMDUSDT: Buyer Activity Surging with Strong Demand Zones KMDUSDT is showing a 1500% increase in daily volume, reflecting intense buyer activity. The blue boxes on the chart highlight key demand zones, ideal for potential buy opportunities. For more precise entries, consider trading lower time frame market structure breaks within these zones. These setups often yield strong reactions, enhancing risk-to-reward potential. As always, apply proper risk management. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas 🐢 TURBOUSDT: Buy Zones and Buyer Presence
Long
by XU99