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#GBPNZD inverted head and shoulder patternAs evident from the chart, the price is not only currently trading towards higher prices within a rising channel line but has also established a valid breakout from a very long-term daily timeframe inverted head and shoulders pattern. This phenomenon suggests a high possibility of a bullish move in this currency pair, and we might witness much higher prices in the future. If this pattern materializes, based on the one-to-one price target projection, we can assume that the price will at least reach the previous top formed on August 21st, 2023, if not higher. However, I recommend waiting for a pullback towards the broken neckline before taking a position on this pair, or alternatively, look for the proper entry point in a lower timeframe based on your strategy. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
Get Ready for Huge upside as PVRINOX at Support !!PVRINOX is around the long term support !! Long term support is working from 2008 and now around the support Long term support is around 1150-1240 In a weekly timeframe Stock is making falling channel Falling channel support is also coming around 1180-1240 We have confirmed these levels from 2 charts So Probability is higher that prices may bounce from these levels. Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:PVRINOXLong
by FiveCircles
GBPAUD BEARISH IDEA-Broke previous low -(4h) demand zone is the target - Bullish falling wedge pattern is being created on higher time frame (4h)-(D), Take a close look, the target of my trade would be stopping early buyers on short term demand zones ( $$$) all the way to the main (4h) demand. And once price reaches this zone, we will be looking for a long term BUY ---> (BLUE PATH) I highly anticipate some kind of manipulation since both buyers and sellers are currently strong ! FOLLOW FOR INSTANT UPDATES since price can react differently!
Short
by NISP3R0
Delta corp is bottoming out Soon Delta Corp is Bottoming out soon irrespective of any news !! Stock is near long term support of 90-100 Currently stock is in a falling channel and prices may continue to go down unless it don't breaks the upper resistance of the channel Every time stock comes around long term support we can see huge upside of 200-250% in few months Keep it in watchlist and take your own decisions !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:DELTACORPLong
by FiveCircles
1
US30 BEARISH IDEAWe had 2 successful prediction for this index previously. Technical always remains bearish and could be to target more demand liquidity. Price did reach all time high, so we could definitely be expecting a correction. Weekly candle just broke previous low --> this could mean a long term bearish view. And considering the fundamental facts, I believe price could target any supply zone before it keeps dropping. This is just an idea and might be subject to change ! KEEP FOLLOWING FOR MORE UPDTADES!!
CAPITALCOM:US30Short
by NISP3R0
2
IGL will become multibagger after BreakoutIGL may give Huge Breakout !! IGL is Making Hut pattern after an uptrend Possibility of Breakout is huge because its a continuation pattern We may see huge upside after breaking the resistance If stock comes down we can see support is around 370-390 level Breakout confirmation is above 480-500 Current price is around 450 Targets are around 900-950 level Thanks !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:IGLLong
by FiveCircles
2
EICHER Motors is around Long term support Eicher Motors is around the medium term support !! Stock has never broken support working from 2020 Log Chart support is working beautifully and has support around 3500-3600 On a Linear Chart stock has made 2 support and recently short term support working Linear chart support is around 3480-3520 !! Stock is Goof until support is intact !! Thanks !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:EICHERMOTLong
by FiveCircles
ALKEM Near All time high ALKEM is Near all time high Alkem is in a Rising channel and Resistance is working from last 8 years Stock is facing resistance around 5500 for the further upside Stock need to cross 5500 If stock tanks then we might see level of 3100-3200 3100-3200 is strongest support and one should not miss opportunity to BUY around these levels. Thank You !! Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
NSE:ALKEMShort
by FiveCircles
Potential Market Reversal by May 2024Overview I can't shake the feeling that a large market correction is around the corner and at the same time the market contradicts my sentiments by appearing stronger every day. So I decided to investigate the 1 Year Treasury Note ( TVC:US01Y ) which is directly affected by Fed Rates to see how the market correlated to those changes in the past. What I found leads me to believe that a steep -- but temporary -- correction is approaching between late March and early May 2024. Historical Data (Feb 2016-Feb 2024) While it may not always feel like it, the stock market appears to have an overall bullish affinity even during economic struggle such as can be seen during the pandemic of 2020. After an average of three FOMC (Federal Open Market Committee) meetings, a sharp correction took place within the FOMC meeting range or shortly following the third meeting. This is the case for all but the fourth window which actually manifested a reversal to what has become the rally we are experiencing today. The chart above compares the TVC:US01Y (Top) to the SP:SPX (Bottom Left) and TVC:DJI (Bottom Right). I interpreted this data as potentially two truths: 1) Institutional investors retreat during transitional periods then resurface when the outlook is more clear, typically reigniting the previous trend despite an overall trend change within Fed rates. 2) Fed rate changes are a precursor for market reversals. While not the only factor, they appear to hold a significant weight that if supported could lead to a reverse in market trajectory as can be seen after the third and fourth window of FOMC meetings. **I only accounted for FOMC meetings where the 1 Year Treasury Note experienced significant trend changes** Market Projections I do not believe an apocalyptic correction is coming, but I do believe there will be a significant dip across the board following one of the next two consecutive FOMC meetings. The current dates for those meetings are March 19-20 and April 30 - May 1, 2024. It is my opinion that the 50%-61.8% Fibonacci Retracement levels serve as a good opportunity to enter a position should a correction occur. However, technical indicators should be closely watched for signs of a recovery before entering any positions.
DJ:DJIShort
by Shepherd_Investor
4
Nasdaq - What Will Happen NextHello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 13 years the Nasdaq has been trading in a decent rising channel. In the beginning of 2023 we saw a beautiful retest of the lower support and perfect confirmation so the recent rally of +70% was quite expected. If the Nasdaq now pulls back to the structure mentioned in the analysis, I am simply looking for bullish continuation setups from there. -------- 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.
TVC:NDQ
by basictradingtv
5
SPY developing triangleDeveloping triangle on SPY. The context doesn't provide much clue which direction it will resolve. We have clear trend reversal signs on daily chart (Lower high is set) but weekly consolidation has not yet started so there is still opporunity for bulls to set daily higher low. Adding to bearish side is slightly unfilled gap from Tuesday. But this is very minor sign. I'm not inclined to develop any directional bias at this stage. You can still trade triangle but with caution.
AMEX:SPY
by hermes_trisme