Alltimehigh
SBIN - Bullish Price Action Analysis NSE:SBIN has already activated Harmonic PRZ 1.272 level in weekly timeframe of the target price 583.
BUY:
if price sustains above 520-522.
SELL:
if it not sustains above 520. you may get some profit booking up to 475.
Chances are more in favor of buyers to make new All time high so do accordingly.
ADANI WILMAR, GOOD SUPPORT.the stock has given about 175% approx returns in just 7 months.
it could be possible that, it could hold onto this support, and then start moving, but now its good time to buy. stock has been in a good rally, and i dont see, it will go down, and nullify the rally. i dont see further fall in the stock, and going more lower to its supports.
the stock is just holding onto its support line, and may go up in some time.
TARGET: 875(27%APPROX)
STOCK WILL BE REACHING ITS ALL TIME HIGH.
Marching towards All Time High & fall shown possible strengths.Axis Bank took solid support around 710 ( support treandline from 2015 and it got broke nly 2 out of ~10 instances and those 2 are Mar'20, apr-may'22).
Stated reversing towards resistance trendline around 830 (ATH) with next levels as 770,830 in 4-6 weeks once break above with volumes then rallycango till 1000 or if rejected at resistance then 770, 730 levels are. Key.
Positive side due to the stock did fall around 10% but took support on longest trendline.
Note: This is the educational purpose and not for recommendations at all.
Adani Ports - Going to hit ATH? Strong on chartsScript: Adani Ports
Nifty50 Stock : YES
Sector : Ports
PE Value : 43
Results : Results published on 8th Aug, Revenue 12% up but earning/profit was 30% down. Previous quarter result earnings was also 30% down which doesn't look good. Financials to be checked to understand their expenses/investments.
ATH (all time high) - 925
Adani ports is looking strong on charts.
Weekly chart : It hit bottom of 652 back in June and then keep moving higher up and hit ATH 925 recently.
Daily chart : RSI is above 70, High volume appeared, getting momentum! Closing above 900. Looking good so far!
As per OI , 900 appears to be major resistance which has been tested multiple times this year hence getting weaker and may get broken soon. Heavy call writing seen both at 900 & 920. Call writers @900 will get stuck if it sustains above 900 and will start running for cover if crosses 925.
9th Sept 2022 closing is above 900, may gap up on Monday and could trigger major short covering next week or by
end of this month if market remains positive which is very likely.
Immediate targets would be 998, 1044. If sustains above these levels then we could see it hitting 1097 & 1200 as well.
*** For F&O - Always hedge your position or keep SL in the system *** Play Safe! Protect your Capital! ***
TVSMOTORS Cup & Handle breakoutAuto sector is in bullish momentum considering the hype around electric vehicles and reducing steel prices.
TVSMOTOR is looking very bullish and looks like a good positional trade.
It is very close to its ATH of approx 814 and is currently on the verge of giving ATH weekly closing.
FINEOTAX CHEMICALS is in great UPTREND hey guys ,
FINEOTAX CHEMICAL stock is in great uptrend
this stock has recently crossed it's ALL TIME HIGH
and given a great green candle .
Also the VOLUME is also very high .
The 20 day ema is above the 50 day ema ,
and this stock is very away from 200 day ema
in a UPWARD direction.
i have marked the RR RATIO for you
try to trade according to that.
FINEOTAX CHEMICALS 😀😀
BEST BITCOIN CHART ANALYZE , 69k POSSIBLE LAST TOPSo i analized the bitcoin chart using Double Curve and marked the the tops , the bottoms , , and the percent of the crash under the Double Curve , which for the moment was 45% with the possibility to go a bit lower, so if my 69k TOP FOREVER prediction is wrong , the NEXT ALL TIME HIGH and very possible the last one which we will see, will be 115k - 130k usd.Thanks.
SAFM price at ALL TIME HIGH! + fundamentals improvedHi there, Yurii Domaranskyi here.
Risk vs Reward = 1 to 16.01 ✨
It means if you risk here 100$ you may make 1601$ Not bad, huh?
Butterfly Complete Near All Time High! Butterfly completed on OIL close to the all time high/HTF supply zone, price currently rejecting has broken internal structure, but i want to see price come up and mitigate that supply zone/continue to fail the same level before taking sells, i was going to sell the breakout as OIL moves fast but again to risky as it can also pullback super fast, waiting for more confirmation (Failed highs/wyckoff etc) Probably see a spring or some manipulation into those highs before price decides to reverse (If it does)
Let me know your thoughts!
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
End of Super Cycles for Bitcoin & S&P 500My guess on how the 2 supercycles of bitcoin and S&P 500 will likely end.
Masses attention on the stock market and cryptos are fading BUT there is still money to be burned and I would expect a victorious new ATH for both the stock market and the crypto to take place somewhere next year!
1. The whole internet is so aware of shorting the market that is "entering recession" due to rise in interest rates and inflation pressures. While at the same time Robinhood gave access to all its members to short.
2. There is still money sitting on the sidelines waiting for a positive turn ( a new dopamine cycle) so to be invested in the market and crypto ( the final burn/trap). The self-fulling prophecy of Bitcoin to 100k has to come "true" prob not 100 but close to 90k so everybody will be joining the last part of the cycle in a super euphoric state. More money traped for decades to come. Aside from crypto a lot of retail is traped on many SPACS/IPOs, if at any given moment there is a relief rally they will put more in order to break even their losses.
3. Covid is still a thing but is slowly fading away... no way in my perspective to allow a market crash while we are returning to "normal", all that money being printed in case of a market crash will not be "burned/spent", we did not even have a proper X-mas yet :)
4. Our heroes Musk+Bezos+Dr Burry warned us of a market crash ( check my previous post about it)
5. Do you think Fed will take the blame for the market crash?
All the above statements are out of my head. This is a more philosophical approach rather than a concrete fundamental and technical one, BUT as everybody expects a market crash soon I like to be on the other side...IMO the market will crash when nobody will be thinking about it!!! when inflation will be down, and when Covid will no longer be in our "head".
"The market can stay irrational longer than you can stay solvent"
Look first/Then Leap
GREENPANEL - Ascending Triangle patternAll details are given on chart. If you like the analyses please do share it with your friends, like and follow me for more such interesting breakout charts.
Disc - Am not a SEBI registered. Please do your own analyses before taking position. This post is only for educational purposes and not a trading recommendation.