1) weak chart analysis
2) chart following trend line from 2011 to 2023
3) Trend lines work as support and resistance.
4) December 2009 and July 2011 trend lines work as support
5) 2011 February to July may time work as support and finally break down.
6) this same trend line worked as resistance in august 2014, January 2018 and April 2022
7) August 2014: breakout...
chartoftheweak considering "MARKSANS PHARMA LTD"
1) studying weakly chart (long term)
2) eight years breakout
3) formation of #cupandhandle #patter
4) July 2015 to July 2023 time taken for pattern breakout
5) Cup bottom is very low 570% down compare breakout line
6) #fibretracement plot on this Cup and handle pattern exactly match breakouts of support and...
Syngene international chart breakout two and half years consolidation and triangle break out ready to hit new 52weak High
Take one risk not for buy and sell just sharing knowledge
This week we are looking at CRISIL Limited. The chart is quite self explanatory and the support line is drawn on the chart. The stock is in good buying zone currently.
Chart name : EIH
Risk:Reward : 1.94
Trading Style : Swing Trading for 1-4 weeks
DISCLAIMER:
As a trader, you should consider your own risk: reward ratio and do proper lot sizing according to your margin and leverage level. This analysis is a trading idea, not a trading signal for you. Consult your financial advisor before making any trade.
My own trend...
Inverse Head and Shoulder is completed now. So I'm waiting for conformation --> cutting the neck line with high volume.
Stop loss is debatable. I prefer tighter than this. Nothing wrong with looser as well.
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If you've found the idea helpful - please like it or smash the follow...
I Beleive that the price will sink to around 109.101, before rebounding off the lower support level of the channel that USDJPY has been playing in, supporting this idea is the stochastic K% AND D % lines getting ready for an intersection.
Hello Lads and Ladies,
The daily TA grind continues now and we will start now with the requested coin 0xBTC. It has had some pretty nice and steady pushes and made it into headlines recently.
To begin with, we can see a very clear ascending trend line which has been confirmed multiple times since the beginning of this year.
We saw 0xBTC coming down to it once...
Hello Lads and Ladies,
This is just a joke to make your day even better and kill all toxic thoughts from the last days!!
The question is though, what is Bitcoin trying to say us?? Or is here even Satoshi trying to communicate to us?!?! Tell me what you think abut that and what might happen next!!
Nevertheless, I see it coming down a little and turning the blue...
Hello Lads and Ladies,
Today we are looking into a highly traded coin on many exchanges SCBTC.
As we can see in the chart, we see a big triangle forming and getting very close to an end. Looking at the fibs retracement starting in the beginning of the triangle, these have been respected all along. Therefore we will most likely see a very important and dicing...
Hello Lads and Ladies,
I was looking into BTC -0.22% USD quite a bit right now. Since the yearly low and it's bounce back we are in channel between 5900$ and 12000$. In this channel the fibs lines are almost a law how much they are respected. As well as the over all uptrend line, which many people would set a little higher I see no real confirmation to do so....
The daily chart shows us a bearish engulfing candle, formed at this resistance line of 1.5780. So we might see a pullback into:
- TL ( 3rd bounce )
- Fib level(s) 38% ( or 50% )
- Zone of support ( where last higher high was formed )
It is here, that we want to go long again and fulfill the fib play and follow the uptrend
