Cyber Monday saleUp to 70% OFF

Breakouttrading

VCP in LODHA - 25% up move expected after breakoutMACROTECH DEVELOPERS (LODHA) - is nearing its 52 week high with a dry up in volume on a daily time frame with a consolidation from the past 100 days. The company has seen an influx of institutional investing in the last quarter. 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 - INR 1245 SL - 8% 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:LODHALong
by Rokdevildivine
Ethereum (ETH): Wyckoff Accumulation Pattern in Play Ethereum (ETH) appears to be following the Wyckoff Accumulation pattern on the 4-hour timeframe. This pattern is characterized by several phases of price consolidation and distribution, followed by a decisive breakout. The Wyckoff Phases: Phase A (Accumulation): The price forms a trading range with multiple attempts to break out to the upside, but each attempt is met with selling pressure. This phase is characterized by low trading volume. Phase B (Distribution): The price breaks out of the trading range to the upside, but the breakout is weak and quickly followed by a reversal. This phase is characterized by increased trading volume. Phase C (Reaccumulation): The price returns to the trading range and consolidates again. This phase is characterized by lower trading volume than in Phase B. Phase D (Mark-up): The price breaks out of the trading range with conviction and begins a sustained upward trend. This phase is characterized by high trading volume. ETH's Current Position: ETH has completed Phase A (Accumulation) and Phase B (Distribution) of the Wyckoff Accumulation pattern. The price recently broke out of the trading range to the upside but failed to hold the breakout and reversed back into the range. This suggests that ETH is currently in Phase C (Reaccumulation). Expected Price Movement: Based on the Wyckoff Accumulation pattern, I expect ETH to complete Phase C (Reaccumulation) by consolidating within the trading range for a period of time. This could be followed by a decisive breakout to the upside in Phase D (Mark-up), potentially leading to a significant price increase towards $4,500. Additional Factors to Consider: Overall market sentiment: The overall sentiment of the cryptocurrency market could impact ETH's price movement. If the market is bullish, ETH could break out sooner and with more momentum. On-chain metrics: On-chain metrics such as active addresses and transaction volume can provide insights into the overall health of the ETH network. Positive on-chain metrics could support a bullish price movement. Conclusion: Ethereum's price action appears to be following the Wyckoff Accumulation pattern. While the pattern suggests a potential breakout to the upside, it is important to consider other factors such as overall market sentiment and on-chain metrics before making any investment decisions.
Long
by Yaroslav_Krasko
2
Cup and Handle Pattern in DATA PATTERNS - 25% upmove expectedDATA PATTERNS has been seen in a cup and handle pattern and is on the verge of a good breakout on daily TF after almost a consolidation of almost 50 days. Data Patterns (India) Limited is one of the fastest-growing companies in the Defense and Aerospace Electronics sector in India. The company has increased institutional investing, almost a 50% and above increase in sales QoQ growth for the last 3 quarters and EPS growth of a minimum of 25% in the last 3 quarters Good for swing traders. Can add to your watchlist Can hold for about 10-15 days. Entry - INR 3020 (Kept in WL, will wait for breakout with good volume.) SL - (Swing Low/Day low) - which ever is lowest TSL - According to your risk profile post 20% 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:DATAPATTNSLong
by Rokdevildivine
USDJPY Analysis: Bullish Bias Despite Market Volatility- Market Sentiment: Bullish Bias - Weekly Chart Analysis: Violation of Recent Resistance Indicates Strength - Trade Plan: Buying Opportunities Favored over Shorting Analysis: - Market Sentiment: Maintains Bullish Bias on US Dollar, despite market volatility - Weekly Chart Analysis: Notable violation of recent resistance level on the USDJPY Weekly chart - Implications: Market speculation regarding potential BOJ intervention in FX Market - Trade Plan: Prefers buying opportunities over shorting due to pair's independent behavior Trade Plan: - Buying Opportunities: Look for buying opportunities at support levels (e.g., 154.27, 154.12, 153.89) - Support and Resistance Trading: Shorting opportunity at 154.70 on the 1-hourly chart, although not actively pursued Insights: Maintaining a bullish bias on USDJPY despite market volatility, with a focus on buying opportunities over shorting. Preference for buying entries at support levels, while remaining cautious of resistance levels for potential shorting opportunities. Exercise caution and adaptability in response to the pair's independent behavior. 📈📉 Remain vigilant and adaptable in navigating the USDJPY market, prioritizing risk management and flexibility in trade execution!
Long
by RaynLim
AMD - Finally a correction?Hello Traders and Investors, today I will take a look at AMD . -------- Explanation of my video analysis: Back in 2022 AMD perfectly retested the previous all time high which was turned support after AMD stock broke it towards the upside in 2020. Furthermore AMD stock also created a bullish symmetrical triangle formation and already broke out towards the upside. More often than not we will see a retest of the breakout level, potentially bullish confirmation and then the continuation towards the upside. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:AMD
by basictradingtv
1
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