IT stock have lower valuation; im not talk about the PE ratio; im talking on other valuation parameters like LTV/CAC 1. **Rounding Bottom Pattern (?➡️)**: The chart shows a rounding bottom pattern, indicating a gradual reversal from a downtrend to an uptrend. This is generally a **bullish** pattern. ?✨ 2. **Trend Line and Consolidation (??)**: A downward sloping **trend line** is visible after the peak, indicating some correction or consolidation. This shows **resistance** at higher levels. ⚠️? 3. **Support Levels (??)**: There's a **base level** of support around ₹642 and a lower major support near ₹526. These act as **key levels** to watch for price action. ?️? 4. **Volume Analysis (??)**: - **Volume** seems low in certain areas compared to the **rising price**, which might suggest weaker participation. High volume during breakouts will be key. ?? 5. **Valuation Comment (??)**: "Very low valuation compared to peers” could hint at potential opportunities but requires careful analysis. ?? 6. **Neutral Recommendation (?)**: The chart explicitly mentions **no recommendation** for buying or selling. Likely suggesting a **wait-and-watch** approach. ?️? **Overall sentiment**: ⚖️ Neutral with potential for bullish or bearish moves depending on breakouts or breakdowns around key levels.
Keep it simple and watch the 4 year cycle in the monthly view.
"? Welcome to Golden Candle! ? We're a team of ? passionate traders ? who love sharing our ? technical analysis insights ? with the TradingView community. ? Our goal is to provide ? valuable perspectives ? on market trends and patterns, but ? please note that our analyses are not intended as buy or sell recommendations. ? Instead, they reflect our own ? personal attitudes and thoughts. ? Follow along and ? learn ? from our analyses! ??"
The recent analysis on OANDA:XAUUSD presents intriguing upward potential with a projected target of $2,900. The setup, based on the formation of a bullish pennant, highlights a robust continuation pattern. This structure combines a consolidation phase (triangle) and a preceding upward surge (pole), which, when measured, suggests significant bullish potential. The daily chart, utilized for this projection, will be updated periodically to track development. Please hit the boost / like and comment your idea in comment section ? Please support my work this will be motivation for me to publish more ideas for you ? Best wishes Tom ? Thanks ?
EuroStoxx broke key resistance (with Weekly confirmation). This is a key level full of liquidity and psychology. In my view, if this is defended, only good things can come.
DDOGis currently in a long-term negative trend, with monthly and weekly candles showing 2D movement (i.e., dropping below the previous period's low), indicating overall seller dominance. However, in the short term, the daily chart shows signs of correction with positive movement (2U), creating a conflict with the broader trends. On the daily chart, it is evident that the decline has halted around the gap that was previously opened, and it has even closed. This indicates a strong support level in the $136-$138 range, which could serve as a potential turning point in the short term. To confirm a more significant trend reversal, a clear breakout above the $140 level is required, signaling a shift back to positive momentum even in the longer time frames. As long as the stock remains below these levels, the risk of continued negative pressure remains high. At this stage, the recommended strategy is to wait for clear confirmation of a trend reversal in the longer time frames while closely monitoring the behavior around the key levels and the recently closed gap.
Recently NSE:GODREJPROP almost drawdown 19% from recent high and we plan for almost 47% upward potentially reward. ? NOTE: ➡️ ENTRY ONLY IF the weekly candle CLOSES ABOVE 2550 INR. ? Godrej Properties (GODREJPROP) is exhibiting a positive reversal from its bottom levels. However, ⚠️ signs of weakness remain visible. ✅ Suggestion: Wait for a strong confirmation with the weekly close above 2550 INR to enter. Once confirmed, bullish momentum could target long-term profits at the 3802 INR level. ? TARGET LEVELS TP-1 ?: 2836.25 INR TP-2 ?: 3026.00 INR TP-3 ?: 3405.90 INR (50% Profit Booking Recommended Due to Resistance ⚒️) TP-4 ?: 3802.00 INR (Long-Term Target – 9 to 12 Months ?) ? STRICT STOP LOSS (SL): 2240.90 INR ? (Ensure proper risk management here!) ⚡ Action Plan: If entry conditions are met, follow the targets and risk levels carefully. This stock offers an excellent reward-to-risk ratio, but confirmation is key! ? ?DISCLAIMER: I AM NOT A SEBI-REGISTERED ANALYST. SECURITIES AND INVESTMENTS ARE SUBJECT TO MARKET RISKS. PLEASE READ AND UNDERSTAND THE TRADING IDEA CAREFULLY BEFORE MAKING ANY INVESTMENT DECISIONS. INVEST WISELY AND AT YOUR OWN RISK. ?? If you find this really helpful Like,share,subscribe @Alpha_strike_trader
According to analysis, on the weekly timeframe, Bitcoin could enter a correction after completing Elliott Wave 5 at approximately 128,000.
//@description // All credit goes to Tony for the concept of this indicator. His Trading View link: https://www.tradingview.com/u/tony_fx_sm/ // Note: The calculation method in this indicator differs from Tony's, but the concept is derived from his work. **Explanation:** This trading system helps you avoid blind trades by providing confirmation for better entries and exits. **Entry/Exit Points:** - **Entry/Exit Lines:** Use the BLACK line for long trades and the RED line for short trades, based on confirmation from your trading plan. - **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the BLACK line above. - **Take Profit:** For long trades, target the next RED line above. For short trades, target the next BLACK line below. **Timeframe:** Use a 5 timeframe for trading. **Risk Disclaimer:** This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
#Hbar CRYPTOCAP:HBAR it’s only about time.. Hbar could fly any moment from those zones 0.333-0.34 it found a strong support at 0.333 Tp1: 0.55 short term Tp2: 2.5 long term BYBIT:HBARUSDT BINANCE:HBARUSDT $# BINANCE:XRPUSDT NFA not financial advice