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Breakouttrading

LEU - Updated Analysis after nice bullish movement and reversalWe've been eyeing this breakout since we started to prove sell-side tapering from our strong selling algo to our more tapered teal. Since then, we've seen healthy movement and if we're looking back to a year ago, we can see a similar pattern that formed prior to a larger breakout. So here I am going to allow us to come back and retest white if that's what price wants to do - if it does I will add to my swing position there, and once we break out of teal tapered selling, we have some nice room up to our retest and attempted breakout of magenta/red tapered selling. That will be the real test and for that breakout we will need to see our strongest purple and yellow algorithms be in control to break out of there. Hope this was helpful - as always, feel free to ask further questions on any of my analysis either in the comments or in a personal message to me. Have a great day all and... Happy Trading :) - TraderDaddyOG
AMEX:LEULong
by ReigningTrades
5
#SALZERELEC#SALZERELEC SALZERELEC Good for Holding around 6 TO 9 Months ..... Current Price at 848.05......... Keep SL at 802. .... (On Closing Basis ... Means ... Daily Candle closed Below 802 )….. After Close Crossing 913 …. Trail SL to 913 Targets are Shown on Chart in Greens . Patent It has received a patent for ‘Integral Cam Operated Rotary Switches’ for a duration of 20 years, ending 2031. It has registered a Patent for Rotary Switches, five product patents in process. Diversification into Smart Meter In Feb,24, the company announced the establishment of a Smart Meter Manufacturing Business in Coimbatore with an annual production capacity of 4 million smart energy meters which will be increased to 10 million in Phase Two. The first batch of smart meters is expected to roll out in Q1 FY25. Clientele Valeo, Delta, Siemens, L&T, Schneider Electric, Nuclear Power Corporation, Kone, Indian Railways CED, ABB etc Market Share The Co is the largest manufacturer of Cam Operated Rotary Switches with 25% market share. Promoter holding has increased by 2.08% over last quarter.
NSE:SALZERELECLong
by iism-ExpertTrading
LEU - We've been prepared for this breakout all along! With signs of tapering kicking in a month ago and our strong buying channels awaiting activation, we've been preparing for this breakout and finally got our entry last week! There's plenty more room for this to go although we can see some immediate signs of resistance here at our tapered teal. Look for yellow strong buying continuation to continue to activate and hold price for a breakout of teal and test of magenta. Happy Trading :)
AMEX:LEULong
by ReigningTrades
4
UNP - Breakouts happening on buying continuation activationNext Stop: 247.50 When we see ourselves breakout out and retesting a strong selling algorithm like magenta here, we are almost guaranteed to come and retest the top of our tapered selling algorithm (teal here). Look for yellow strong buying to continue to activate and hold price for the move to retest teal. A future breakout of teal will then allow us to retest recent highs at 258 which is the top of our green buying continuation which is currently in control. Happy Trading :)
NYSE:UNPLong
by ReigningTrades
Uni Fake Breakout of trend line ! Be aware ! UNI has been trading in a clear uptrend on the 4h timeframe. The price has been respecting the ascending trendline and making higher lows. However, the price is now approaching a strong resistance level at $13. The ascending trendline: The ascending trendline is a bullish pattern that is characterized by two converging trendlines, one connecting lower highs and the other connecting higher lows. The price typically breaks out above the upper trendline, signaling a continuation of the uptrend. The resistance level: The resistance level is a price level at which the price is likely to stop rising and start falling. This is because there are a large number of sell orders at this level. The fakeout: The fakeout is a bearish pattern that is characterized by a sharp increase in price, followed by a quick reversal and fall. This pattern is often used by large market participants to trap retail traders and acquire liquidity at higher prices. The bullish scenario: The price breaks out above the resistance level at $13 and continues to rise. The first bullish target is $20. The bearish scenario: The price fails to break out above the resistance level at $13 and falls back to the trendline. The price then retests the trendline and breaks down below it, signaling a reversal of the uptrend. Conclusion: The UNI chart shows a bullish pattern. The price is approaching a strong resistance level. The outcome of this level will determine the future direction of the price. Investors should always do their own research before investing in any cryptocurrency.
Long
by Yaroslav_Krasko
5
SID Potential Breakout State Bank of India $GETTEX:SIDSID Potential Breakout Analysis GETTEX:SID is showing signs of a potential breakout based on technical analysis, indicating a favorable moment to explore investing in the State Bank of India (SBI). Why State Bank of India (SBI)? State Bank of India (SBI), as one of the largest and most reputable banks in India, offers a compelling investment opportunity for various reasons: Market Presence: SBI's extensive network and dominant market position in the Indian banking sector provide stability and potential growth opportunities for investors. Financial Performance: The bank's solid financial performance, robust asset quality, and prudent risk management practices make it a reliable choice for long-term investments. Economic Growth: With India's economy poised for continued expansion, SBI stands to benefit from increased banking services demand, infrastructure development, and financial inclusion initiatives. Key Reasons to Consider State Bank of India: Diversified Portfolio: SBI offers a wide range of banking products and services catering to diverse customer segments, enhancing revenue streams and mitigating risks. Digital Transformation: SBI's focus on digital innovation and technology integration positions it well to adapt to changing market dynamics and meet customer expectations effectively. Government Backing: As a government-owned bank, SBI enjoys implicit support, adding a layer of stability and credibility to its operations. Exploring investment opportunities in the State Bank of India could offer a blend of stability, growth potential, and exposure to India's thriving economy. Keep an eye on GETTEX:SID for further indications of a breakout to make well-informed investment decisions.
GETTEX:SIDLong
by holacarlosmartinez
XLU Potential Breakout $XLUXLU Potential Breakout Analysis AMEX:XLU is indicating a potential breakout based on technical analysis, suggesting an opportune moment to consider exploring the utilities sector. Why Utilities Sector? The utilities sector is recognized for its defensive characteristics and stable performance, making it an appealing choice for investors seeking a haven during market volatility. Companies in this sector typically provide essential services such as electricity, water, and gas, which are in constant demand regardless of economic conditions. Noteworthy Companies in the Utilities Sector: NextEra Energy ( NYSE:NEE ): A leading clean energy company focusing on renewable power generation, transmission, and distribution. NextEra Energy's commitment to sustainability and innovation positions it as a key player in the utilities industry. Duke Energy ( NYSE:DUK ): An electric power holding company serving millions of customers across several states. Duke Energy's established presence in the utility sector and ongoing investments in infrastructure make it a reliable choice for investors. American Electric Power ( NASDAQ:AEP ): One of the largest electric utility companies in the United States, providing electricity to millions of customers in various states. With a strong emphasis on modernizing its grid and embracing renewable energy sources, American Electric Power is set for long-term growth. Exploring investments in these companies within the utilities sector could offer a combination of stability and potential upside. Stay tuned to AMEX:XLU for further signals of a breakout to seize the opportunity effectively.
AMEX:XLULong
by holacarlosmartinez
GMR INFRASTRUCTURE MONTHLY BREAKOUT PREEMPTING📈 Stock Update: GMR Infrastructure (GMR) 🚀 Exciting developments on the charts! 📊 GMR Infra seems to be exhibiting a classic rounding bottom pattern on the monthly chart. The recent breakthrough of resistance, accompanied by a gap up, adds a bullish twist to the narrative. 📈 Key Points: Pattern Recognition: Monthly chart showcases a promising rounding bottom formation. Bullish Signal: Resistance crossed with a gap up, a strong indication of positive momentum. Short-Term Target: Eyeing a short-term target of Rs118 with sl of 78 🔍 Analysis: The technical seem aligned for a potential breakout. Always crucial to conduct thorough research and keep an eye on market trends. Remember, the market is dynamic, so continuous monitoring is key. 📆 Timeline: For those considering a short-term play, keep an eye on the evolving market conditions and news that might impact GMR Infra's performance. Let's keep the discussion open! What are your thoughts on this setup? 🤔💬 #StockMarket #TechnicalAnalysis #GMRInfra #Investing #Finance
NSE:GMRINFRALong
by satyam15
FXS Expanding T-Pattern Analysis: Potential Breakout and Grow?!🍣📈This analysis examines the expanding triangle pattern formation and assesses the potential for a breakout and subsequent price growth. 📈Expanding Triangle Pattern: An expanding triangle pattern has been identified, characterized by rising highs and falling lows. This pattern indicates a buildup of market indecision and uncertainty. 📉🔺Breakout and Resistance Levels: A breakout above the daily resistance level could signal a bullish trend reversal and potential for further price appreciation. The next daily resistance level would then become the target for the upward movement. 📊🔺RSI Confirmation and Volume: A break above the RSI trendline would provide additional confirmation of the bullish breakout. Increasing trading volume alongside the breakout would indicate strong momentum and support the upward trend. ⛔Important Considerations: False breakouts are a possibility with expanding triangle patterns, and traders should exercise caution. 🔽Additional technical indicators and market sentiment analysis can help validate the breakout and provide trade entry and exit signals. 🚫This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research and employ sound risk management practices before trading.🚫
Long
by solinash1
4
ETHUSD - Fed Fights Crypto Ethereum Rallies LONGETHUSD on the 60 minute chart has had high volatility in March along with other cryptocurrencies. the SEC is taking Ethereum to federal court so it can designate it as a "security" and subject to the SEC and all that it does. In early March, ETHUSD trended up getting resistance from the second upper VWAP band in purple and support from the underlying bandline. A deep ten day pullback into the support of the second lower band line in thick purple then ensued. Price is now in the process of rising to the mean anchored VWAP in black supported bu the thin blue first lower VWAP line. The predictive algorithm of Lux Algo founded on analysis and look back of the regression line forecasts the leg up to test that mean VWAP line. I entertain a long entry here.
BITSTAMP:ETHUSDLong
by AwesomeAvani
2
XRP - 500x Your MoneyHello Traders, welcome to today's analysis of XRP. -------- Explanation of my video analysis: In 2017 XRP created a massive triangle breakout which was followed by a +50.000% rally towards the upside. This rally then ended in 2018 and XRP has been trading sideways ever since. However there is once again a triangle formation and XRP is about to break out, which could then lead to a similar rally compared to the breakout rally we saw back in 2017. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
CRYPTO:XRPUSD
by basictradingtv
23
Bitcoin Cash: History Repeating Itself?Bitcoin Cash: History Repeating Itself? Bitcoin Cash (BCH) is a fork of Bitcoin that was created in 2017. BCH has a history of forming long sideways patterns, followed by sharp breakouts. The pattern: Sideways accumulation: BCH typically spends 200-300 days in a sideways accumulation pattern. Breakout: After the accumulation phase, BCH breaks out of the pattern and rallies sharply. Magnitude of the breakout: The breakouts typically result in a 2-2.5x increase in price. Is history repeating itself? BCH has been trading in a sideways pattern since May 2022. This suggests that the accumulation phase is nearing its end and a breakout could be imminent. Factors supporting a breakout: Increased development activity: There has been a significant increase in development activity on the BCH network in recent months. Growing adoption: BCH is becoming increasingly adopted by merchants and businesses. Positive technical indicators: The technical indicators for BCH are bullish, suggesting that a breakout is likely. Potential targets: 3300.
BINANCE:BCHUSD.PLong
by Yaroslav_Krasko
4