EURUSD is trying to reverse downtrend momentum by breaking trendline
Xrp has seen a wonderful start in to the Bull cycle and we still have a long way to go. Warning for newer traders though. mainly for those trying leveraged trades. tread carefully. I fully believe XRP will have a true run this cycle, however we are currently trading in a historical danger zone. Keep the enthusiasm, but monitor those trades and remember to take profits occassionally
Have a bag for this price. Good technical view. Just for follow-up. Not a financial advice
Descending Channel pattern breakout with volume spike
Have a bag for this price. Good technical view. Just for follow-up. Not a financial advice
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please conduct your own research before making any trading decisions. Updated Technical Analysis: Based on the updated chart, TATA Motors appears to have transitioned into a reversal pattern, breaking out of the previous downtrend and moving into a short-term ascending channel. The price action and volume suggest a potential continuation of bullish momentum if key resistance levels are cleared. Key Observations: New Ascending Channel: The stock has established a new upward-sloping channel. Support levels are holding at the lower boundary of this channel, providing a strong base for upward momentum. Volume Analysis: Increasing volume bars near support levels indicate stronger participation and buying interest. The Volume Moving Average (1.41M) shows the current volume of 1.51M, suggesting an uptick in activity. Key Levels to Watch: Support: 768.40: Mid-channel support aligned with the 50% Fibonacci retracement level. 759.20: Previous major support, now acting as a long-term pivot. Resistance: 787.35: Current price level near the mid-point of the ascending channel. 810.20: The upper boundary of the ascending channel, acting as a key resistance level. Breakout Level: Sustained movement above 810.20 could lead to a broader bullish breakout. Trend Shift Confirmation: The breakout from the earlier downtrend channel (visible as a white diagonal line) signals a reversal and a potential shift to bullish momentum. Trade Scenarios: Bullish Case: A breakout above 810.20 would confirm the bullish trend, with potential targets: 820–830: Short-term resistance zone within the ascending channel. 842.75: Long-term resistance aligned with the 0.236 Fibonacci retracement. Bearish Case: A break below 768.40 would indicate weakness, with potential downside targets: 759.20: Major support from the previous downtrend. Re-entry into the previous downtrend channel, signaling bearish continuation. Indicators Supporting Bullish Momentum: Ascending Channel: The formation of a clear upward-sloping channel supports a bullish trend. Volume Increase: Higher volume near support zones indicates strong buying interest. Higher Lows: The price is forming higher lows, a hallmark of bullish continuation. Conclusion: TATA Motors has moved into an ascending trend after breaking out of the previous downtrend. A breakout above 810.20 with strong volume would confirm a bullish continuation. Conversely, failure to sustain above 768.40 could result in a return to the previous bearish trend.
Price is swinging down. We have down sloping action line aka median line. At least minor correction is expected in "free flow" area at least till nearest strong level where buyers are expected to step in
Have a bag for this price. Good technical view. Just for follow-up. Not a financial advice
If the median line backtest holds, the possibility of a rise to 120,000 is high.
Have a bag for this price. Good technical view. Just for follow-up. Not a financial advice