Coromandel is gaining strength, trying to reach new high. 1975 can be seen as frst target. Keep eye!
Based on Gamma exposure. Will be watching these levels closely and observing the prices swings for this week.
Hello traders and investors! The price has been near the upper boundary of the sideways range at 4.358 for a couple of weeks. The buyer failed to hold above 4.5, even with increasing volume. The seller absorbed the buying pressure and formed a seller's zone (red rectangle). Sell targets on the daily timeframe: 3.41, 3.282. I wish you profitable trades!
bullish divergence, last LL remained intact and was not broken, the price action marked support level and the it went upwards and broke the trendline. I have placed a buy stop order on the drawn resistance level and SL on the last HL
As of March 17, 2025, the Nifty 50 index opened higher, rising by 0.42% to 22,492, driven by gains in the financial sector and positive trends in Asian markets following China's new economic measures. citeturn0news14 However, the Indian stock market has been experiencing a downturn over the past months. In February 2025, the Nifty 50 index declined by approximately 15% from its peak in September 2024, marking its worst run in 29 years and erasing about $1 trillion in investor wealth. citeturn0news15 Despite the recent uptick, the market remains volatile. Analysts predict that the Nifty 50 may face further challenges, with resistance at 22,800 and expected trading ranges between 21,800 to 22,900 in March. citeturn0news15 Investors are advised to exercise caution and stay informed about ongoing market developments. navlistRecent Developments in the Indian Stock Marketturn0news14,turn0news15
A Demand Zone for Hindustan Petroleum (HPCL) refers to a specific price level on the stock's chart where buying pressure has historically been strong, causing the price to reverse or bounce upward. These zones are identified by areas where the price consolidated before making a sharp upward move, indicating a concentration of buying interest. In the context of HPCL, a demand zone could represent a level where institutional or retail investors are likely to step in and buy the stock, either due to perceived value, support levels, or other technical factors. Traders often use these zones to identify potential entry points for long positions, anticipating a price reversal or continuation of an upward trend.
Let's talk $IREN. It is the most efficient CRYPTOCAP:BTC miner of them all, but the dilution can get tricky at times. One great way to try and get a handle on the offerings and potential dilution is to compare IREN's performance with that of the bitcoin miner ETF, $WGMI. If we see relative weakness in IREN in comparison to WGMI, we can conclude that it is most likely due to dilution. This would be even more conclusive if the dilution occurs close to the effective date of the offering. So, what is the effective date? First, a company must register their offering with the SEC. However, they must wait for approval from the SEC prior to selling shares. The date they can start selling shares once approved is the effective date. We can combine the Trading view "IREN/WGMI" chart with effective offering dates to figure out potential windows of dilution. Important shelf offering dates and dollar amounts: Registered: September 13, 2023 Effective: September 22, 2023 – $500 million Registered: May 15, 2024 Effective: May 28, 2024 – $500 million Registered: January 21, 2025 Effective: January 28, 2025 – $1 billion Remember: When IREN's relative strength is weak in comparison to WGMI for a few weeks, it is relatively safe to assume that some dilution is happening. The graph below (each candle on the graph represents one week) shows that the first major shelf offering effective date was September 22, 2023, followed by three periods of relative weakness. We had similar periods of relative weakness following the second major shelf offering effective date of May 28, 2024. After the most recent filing of a $1 billion dollar offering, and an effective date of January 28, 2025, we have experienced a window of weakness. We will likely get more windows of weakness ahead for IREN. However, with that said, I believe this company has a bright future ahead. Keep an eye on this one.
Pattern Formation: Clear W-shaped double-bottom structure indicating a bullish reversal. Breakout Confirmation: Price breaks above the neckline resistance with strong volume. Retest Zone: Possible retest of breakout level before further upside. Target Levels: Measure the height of the W and project it upwards for targets. Stop-Loss: Below the neckline or recent swing low for risk management.
BCH has broken this downtrend line and retested I am now aiming for the top of the range 390-410
WTIUSD - Long-Term Positional Trade Setup ? ? Market Overview: WTI Crude Oil (WTIUSD) has been in a macro downtrend, but price is now trading at a long-term demand zone around $66-$67, a historically strong support level. With potential supply shocks, geopolitical factors, and seasonal demand, WTI could see a long-term recovery. This setup is for swing and positional traders looking to hold for weeks to months. ? Key Levels: Major Demand Zone: $65.00 - $67.00 First Resistance: $75.00 Major Resistance: $82.00 - $85.00 Macro Target: $90.00+ ? Trade Idea: ? Long Entry: $66.00 - $67.00 (Accumulation Zone) ? Stop Loss: $62.50 (Below historical support) ? Take Profit Targets: TP1: $75.00 (Key resistance, potential pullback) TP2: $82.00 (Previous supply zone) TP3: $90.00+ (Macro bullish target) ? Confluences for the Trade: ✅ Strong Historical Support at $65-$67 ✅ 200-Week Moving Average Support ✅ MACD and RSI Bullish Divergence (Momentum shifting) ✅ Geopolitical Risks & Supply Factors favoring oil upside ✅ Previous Market Cycles show WTI bouncing from this zone ? Execution Plan: DCA (Dollar-Cost Averaging): If price drops, consider scaling in at $65, $63, and $62. Partial TP Strategy: Secure profits at each resistance while leaving some position open for higher targets. Re-evaluate at $75.00: If price struggles to break, watch for re-accumulation before continuation. ? Risk Management: WTI is volatile—use proper risk sizing to avoid unnecessary drawdowns. ? This is a long-term position, so patience is key!