A potential channel formation is developing, and AUD is searching for new highs within an ABC structure on the daily timeframe. The target is around 0.65. If 0.636 fails to break, a correction could offer a good entry opportunity. Watch for confirmation signals. ??
Morepen Lab Ltd. The price is currently near the support level and indicating a strong support zone. The long-term target, if reversal occurs, could be around ₹100.90 and beyond. Volume activity suggests recent selling pressure, but a bounce from this zone may trigger an upward move. Disclaimer: This is not financial advice. Please do your own research or consult with a financial advisor before making any investment decisions. Investments in stocks can be risky and may result in loss of capital.
I am waiting for a strong reaction to occurr this week due to important timing factors.
IDFC First Bank: Swing Trade Setup – Key Levels & Entry Strategy Market Overview: IDFC First Bank has recently pulled back after making an all-time high and is now testing a critical support zone on the monthly timeframe. This presents a potential swing trade opportunity, provided we see confirmation at key levels. Today's low is ₹52.60, and a break below ₹52.15 could signal further downside before a strong reversal. This trade setup focuses on taking advantage of liquidity grabs and price structure shifts. Step-by-Step Trade Plan 1. Key Price Levels & Structure Analysis ? Current Price Action: Market tested previous lows and showed signs of stabilizing. ? Breakdown Level: If ₹52.15 is breached, it could trigger further downside liquidity grab. ? Potential Entry Zones: Early Entry: Above ₹52.15, but only after confirmation of reversal signals. Safer Entry: If no confirmation appears, wait for a dip between ₹50 – ₹46. Liquidity Tap Zone: ₹42, where stop losses of many traders may be triggered before a potential upside move. 2. Profit Targets & Risk-Reward Ratio ? Profit Targets: 1️⃣ ₹58.65 – First short-term target. 2️⃣ ₹63 – Second target for a larger swing move. ? Stop-Loss Strategy: Place stop-loss near ₹42, below key liquidity zones. Adjust stop-loss as per risk appetite. ? Risk-Reward Calculation: Entry (₹52.15 - ₹50) Stop-Loss (₹42) Target 1 (₹58.65) → Risk-Reward Ratio ~ 2:1 Target 2 (₹63) → Risk-Reward Ratio ~ 3:1 3. Confirmation & Execution Plan ✅ Scenario 1 (Confirmation after ₹52.15 Breakout) – If price stabilizes above ₹52.15 with strong momentum, an early entry can be considered. ✅ Scenario 2 (No Confirmation) – If price continues to decline, wait for accumulation between ₹50 – ₹46. ✅ Scenario 3 (Liquidity Grab at ₹42) – If price taps this zone and rebounds strongly, it may signal a major reversal. Final Thoughts & Risk Management ? IDFC First Bank is in a critical zone, where institutional buying could occur. ? Patience is key – Wait for confirmation before entering aggressively. ? Manage risk with a strict stop-loss – Avoid emotional trading. ? Will IDFC First Bank hold key support levels and push higher, or is a deeper liquidity grab needed before reversal? Let’s analyze further! ?? https://www.tradingview.com/x/YWz03Rvs/
... while he can't lol. The indicator did it again, theGhost beating theGhost in the Machine (ICT) at his own turf. As i post this, he is still looking for an entry for his own challenge, while i was done at 10:03 lol that's 24 minutes ago
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