TECHNOE is Hammering and Trapped At All Time HighTEECL, headquartered in Kolkata, is promoted by Mr P P Gupta, who is assisted by a team of professionals. It undertakes turnkey engineering, procurement and construction (EPC) projects, predominantly in the power sector, across generation, transmission, and distribution segments. In fiscal 2015, the company received the Best Safety Award from Power Grid. TEECL entered the renewable power generation space in 2009 with 45 megawatt (MW) of wind energy assets by acquiring Super Wind. It acquired Simran Wind Project Ltd (Simran) in 2009, which had installed capacity of 50.45 MW that was subsequently scaled up to 162.35 MW. The company divested 44.45 MW and 33 MW of capacity of Simran in May 2015 and January 2017, respectively. TEECL got its current name post its merger with Simran.
For the nine months through December 2023 profit after tax (PAT) was Rs 200 crore over total income of Rs 1198 crore compared with Rs 126 crore and Rs 516 crore, respectively, in the corresponding period the previous year.
Current
Order Book is
Rs 1600 Crores
Techno is targeting for
Rs 2000 - 2500 crores
every year in its segment
Techno envisages to develop
250 MW of Data Centers with
a capex of over USD 1.3 billion
in the next 5-6 years
As per, Gazette notification (GOI) all Thermal Power Plants
need to limit their sulphur emission.
Total Target is for 211.52 GW (67.25 GW by Central Govt.,
67.74 GW by State Govt. and 76.528 GW by private players)
by 2026.
Of these, around 10.6 GW is already installed, and bids for
102.96 GW are already awarded.
Bids for 23.67 GW has been opened
Around 71.42 GW are around various stages before being
awarded.
They have received the contract for 500 MW from DVC for Rs
3190 million (already commissioned) and an order worth Rs
14550 million from Rajasthan Rajya Vidyut Nigam Ltd.
They have tenders worth Rs 1000 crores under bidding in the
pipeline
Govt. of India plans to grow from 1 mn smart meters to 250 mn smart meters
Till now total smart meters sanctioned for installation is 229.8 mn
Out of the above, around 8.64 mn meters have been installed till now, and rest are
under various stages of implementation.
Currently, most of the orders getting bided are on the RDSS Scheme (87.71% of the
sanctioned meters)
Techno has received orders for 3.77 lakh meters at Jammu & Kashmir
Techno has also got an order worth Rs 633.23 crores for 5.53 lakh smart meters at
Indore and J&K for 7.25 lakh meters worth 1041 crores under the DBFOOT model.
Techno is bidding for various projects for 40 Lakh meter projects worth Rs 4500
crores.
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Chota Packet Bada Dhamaka Supreme Power Equipment LtdTransformer Market size is valued at USD 54 billion in 2022 and is anticipated to
grow at a CAGR of 7.2% between 2023 and 2032.
o Large scale integration of renewable energy sources coupled with increasing
electrification programs primarily across the emerging economies will
accelerate the industry scenario.
o Expanding urban infrastructure to proliferate product demand for commercial &
industrial applications Power transformer market from the commercial &
industrial applications segment is expected to exhibit nearly 7% growth rate
between 2023 and 2032.
o The global power transformer market size was valued at $27.7 billion in 2019, and
is expected to reach $50.8 billion by 2027, registering a CAGR of 7.9% from 2020
to 2027.
Indian Transformer Market Size
o The India transformer market is expected to rise at a CAGR of more than
5% during the forecast period.
o The Transformer market in India can be pegged at more than INR 12,000
Crores. Power Transformers contribute 45 percent of the total market and
distribution transformers, 55 percent.
o Anticipating the huge domestic, requirement of power sector expansion
and overseas demand, the transformer industry in India has more than
doubled its manufacturing capacity over the last five years.
o Transformer manufacturing capacity in India stands at ~370 GVA with
capacity utilization rates hovering around 60- 70 percent on an average
over the last 5 years.
Power Sector
o India is the third-largest producer and consumer of electricity worldwide, with an installed power capacity of 416.59 GW as of April 30, 2023.
o India's power generation witnessed its highest growth rate in over 30 years in FY23. Power generation in India increased by 8.87% to 1,624.15 billion
kilowatt-hours (kWh) in FY23.
o According to data from the Ministry of Power, India's power consumption stood at 130.57 BU in April, 2023.
o The peak power demand in the country stood at 226.87 GW in April, 2023.
Attractive Opportunities
In Union Budget 2023-24, the government allocated US$ 885 million (Rs. 7,327
crore) for the solar power sector including grid, off-grid, and PM-KUSUM
projects. •
To meet India’s 500 GW renewable energy target and tackle the
annual issue of coal demand supply mismatch, the Ministry of Power has
identified 81 thermal units which will replace coal with renewable energy
generation by 2026.
In Budget 2023-24, Government has committed an outlay of Rs. 10 lakh crore
(US$ 120 billion) during 2023-24 towards infrastructure capital expenditure
compared to Rs. 7.5 lakh crore (US$ 90 billion) (BE) during 2022–23.
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 108% CAGR over last 5 years.
Company has a good return on equity (ROE) track record: 3 Years ROE 67.2%.
Debtor days have improved from 114 to 83.3 days.
Company's working capital requirements have reduced from 87.0 days to 67.8 days
NQ Power Range Report with FIB Ext - 5/23/2024 SessionCME_MINI:NQM2024
- PR High: 18873.25
- PR Low: 18843.00
- NZ Spread: 67.75
Key economic calendar events
08:30 | Initial Jobless Claims
09:45 | S&P Global US Manufacturing PMI
- S&P Global Services PMI
10:00 | New Home Sales
High vol spike at prev session close
- Session gap into ATH push with momentum
- Supply ceiling at ~18972
- Pushed the high ~80 points
Evening Stats (As of 12:05 AM)
- Weekend Gap: N/A
- Gap 5/23 +0.23% (open < 18824)
- Gap 10/30/23 +0.47% (open < 14272)
- Session Open ATR: 226.65
- Volume: 33K
- Open Int: 249K
- Trend Grade: Bull
- From BA ATH: -0.0% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 19246
- Mid: 18106
- Short: 17533
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
#SWSOLAR Closed Above its All Time High Long-Term Opportunity KEY HIGHLIGHTS FOR FY24
Unexecuted order value at INR 8,084 crore as of Mar 2024 compared to INR 4,913 crore as of Mar 2023
Company has received new orders / LOI in two projects worth -INR 488 crore during the quarter including being declared L1 for a second floating solar module project in the country
Company received its second international order in Q4 from Enfinity for a BOS project in Italy amounting to EUR 20 mn
We have received total orders/LOI in 13 projects worth INR 6,023 crore in FY24 compared to new order inflow of INR 4,387 crore in FY23
P&L of the company has begun to revive in FY24
Consol revenues up -51% YoY
Achieved positive consolidated EBITDA in FY24
Domestic EPC gross margins continue to operate within our target range
Achieved PBT/PAT profitability in 4QFY24
Rationalization of overheads continue to progress with FY24 overheads at -INR 333 crores compared to -INR 382 crores in FY23
The company has significantly de-leveraged the balance sheet in FY24
Total net debt of -INR 116 crore, compared to net debt of-INR 1.966 crore in FY23
No upcoming debt repayments till 3QFY25
#KIRLPNU just Broken All Time High With Good Fundamentals
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 20.4% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 31.6%
Business Highlights
Order Board as on 1st April 2024 of Rs. 1,475 Cr., 28% more than last year.
FY 24 Operating Revenue @ Rs. 1,323 Cr.
24% Y-O-Y growth in PBT
Setting up of forging facility at Nashik as a part of vertical integration.
Launched new products —
Tezcatlipoca - a Centrifugal compressor
Atmos Aria - a off shelf screw compressor
Jarilo-A Bio - gas Compressor
#HAL just Broken and Closed Above its Previous All Time High
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 23.9% CAGR over last 5 years
Company has a good return on equity (ROE) track record: 3 Years ROE 26.7%
Company has been maintaining a healthy dividend payout of 29.6%
Company's working capital requirements have reduced from 98.4 days to 38.2 days
Strong order book providing healthy revenue visibility
HAL's order book remained healthy at ₹84,814 crore as on December 31, 2023 majorly contributed by manufacturing of various models of helicopters and aircraft of around 56,569 crore to be executed over the next five to six years. Major orders in the manufacturing segment pertains to supply of 83 Light Combat Aircraft-Mk1A version (LCA), 70 HTT-40, 6 LCA 10C/FOC, 4 Dornier apart from various aerospace structures for PSLV and GSLV. The ROH order book remained healthy at 28,277 crore and is expected to remain robust in the near to medium term as HAL undertakes the repair and maintenance work of aircraft manufactured by it for its entire life as well as for aircraft manufactured by others for which it has built infrastructure across the country. Furthermore, there remains visibility of future orders with strong order pipeline wherein orders for procurement of new platforms viz. Advanced Light Helicopter (ALH), Light Utility Helicopter (LUH), Additional Su-30, AL31 FP Engines and RD-33 Engines and mid-life upgrade of D0-228 Aircraft aggregating to 55,000 crore are in the advance stage of conclusion and are anticipated to be received within next three to siz months. In addition, orders for procurement of additional 97 Nos of LCA, 156 Nos of Light Combat Helicopter (LCH), 60 Nos Utility Helicopter-Maritime (UHM) including Performance Based Logistics (PBL) Contract, among others aggregating to 158,000 crore have been approved by the Defence Acquisition Council and the orders against the same are anticipated within next 18-24 months.
Given the significantly long tenure of its contracts, HAL enters into variable price contracts with its customers, Indian Airforce, Indian Army and Indian Navy, wherein the future escalation is built into the prices excluding forex fluctuation on procurement. The forex fluctuations are paid on an actual basis by the customers. This protects its margins from forex and raw material price escalation to a large extent. However, profitability may get impacted due to time or cost overrun in case there is execution delays at HAL's end.
Strong financial risk profile marked by healthy profitability and cash accruals and continued improvement in its
collection period
HAL continues to have a sizeable scale of operations and the TOI grew y-o-y by 8% to 26,397 crore in FY23 majorly on the back of increase in revenue from repairs and maintenance services. The PBILDT margin stood healthy at 25.68% in FY23. Income tax refund of 1193 crore and ₹973 crore further supported profitability in FY22 and FY23 respectively. The company earned gross cash accruals (GCA) of ₹7,000 crore in FY23 as against 5,634 crore in FY22. Its debt coverage indicators remain strong due to low reliance on external borrowings. The revenue contribution from manufacturing activities declined in FY22 and FY23 y-o-y, as majority of the manufacturing orders were completed, and the new contracts were under manufacturing and in development phase and delivery of the same is expected to be booked in FY25 onwards. Accordingly, its income is likely to get a fillip from FY25 onwards once deliveries start for 83 LCA Mk1A in a staggered manner.
In 9MFY24, HAL registered TOI of ₹15,612 crore and profit after tax (PAT) of ₹3,303 crore as against TOI of ₹14,433 crore and PAT of ₹2,970 crore registered in 9MFY23. CARE Ratings expects the profitability and debt coverage indicators to remain healthy, going forward.
The total receivables of HAL continued to remain below ₹5000 crore as on balance sheet date for past two years ended FY23 as it had realised substantial payment from government in FY22. The collection period has improved from 135 days in FY21 to 64 days in FY23. HAL also receives advances from its customers against the contracts which constitutes a stable source of funding its working capital requirement. The advances stood robust at 28,981 crore as on March 31, 2023 which further increased to *32,588 crore as on December 31, 2023. Timely realisation of dues and increase in advances has resulted in continued low reliance on debt to fund its working capital requirement. The same resulted in the overall gearing ratio of almost nil as on March 31, 2023.
The company has strongly articulated that going forward HAL's debt level is expected to remain low on the back of sustaining its
improved collection period.
#DLINKINDIA is Near to Break Previous All Time High
Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 28.0% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 39.8%
Strengths:
Established market position and strong distribution network: D-Link is the market leader in switches and wireless local area network (WLAN) products, with a significant market share. In fiscal 2019, the company introduced a series of high-end products for its enterprise business, including unmanaged long-term power over ethernet (PoE)/PoE plus switches; new generation layer 3 stackable managed switches with advance hardware and software enhancements for better performance, flexibility and ease of management; and industrial grade switches. D-Link has invested in state-of-the-art support infrastructure for both consumers and enterprises, which includes 10 D-Link-owned service centres with more than 50 experts in tier 1 cities, over 23 partner service centres with more than 40 experts in tier 2 / tier 3 cities, partner collection points in more than 105 cities and logistical support in over 190 cities. D-Link Technical Support Centres (DTSC) are manned by over 30 highly skilled engineers providing L1 to L3 support for all retail and enterprise customers.
Healthy financial risk profile: Networth was Rs 363 crore as on March 31, 2023, and is expected to increase over the medium term because of steady accretion to reserves and absence of debt repayment. Return on capital employed improved to 36% in fiscal 2023 as profitability increased. In the absence of any debt-funded capex, the financial risk profile is expected to remain healthy over the medium term.
Weaknesses:
Exposure to intense competition and risks inherent in the networking industry: D-Link mainly operates in the home and small and medium enterprise segments of the networking industry, where profitability is lower than that in the institutional sales segment. The latter is dominated by Cisco India and other new entrants. Profitability in the retail segment is constrained by intense competition and commoditised products.
Susceptibility to volatility in input price and currency: Copper, the key input for manufacturing cables is an open market commodity traded globally on exchanges, leading to volatility in its prices. Furthermore, fluctuations in currency also impact profitability, as the company imports about 30% of its traded products. Complete and immediate passing on of cost increases is difficult given the competitive pressure. The company experiences lag of 45-60 days in passing on price hikes. Hence, the operating margin will remain susceptible to fluctuations in raw material prices and currency. D-Link hedges currency exposure up to 70% of the total exposure by entering forward contracts.
Liquidity: Adequate
Cash accrual, expected at Rs 65-75 crore in fiscals 2024 and 2025, will support liquidity in the absence of any capex or debt obligation. Unutilised bank limit of Rs 10 crore will be adequate to fund the company’s fixed expenses. Cash surplus is expected to remain healthy over the medium term.
#GOACARBON
Company has reduced debt.
Company has a good return on equity (ROE) track record: 3 Years ROE 35.2%
Extensive experience, reputed clientele and established t rack record of operations
in the CPC segment
GCL is a part of Dempo Group, which was established in 1941. The group has diversified
operations with a presence in Iron Ore mining and exports, Construction, Publishing, Ship
Building, Travel and Trade, among others. GCL has more than five decades of track record in
the production of CPC and hence has an established market position amongst the leading
producers of CPC in India. The chairman of the company, Mr. Shrinivas Dempo has an
extensive experience of over three decades in the industry. GCL caters to reputed
companies among the Aluminium Industry, Graphite Industry and Steel Industry which includes
Hindalco Industries Limited (HIL), Vedanta Aluminium Limited (VAL), The Kerala Minerals and
Metals Limited (KMML), Steel Authority of India Ltd (SAIL) to name a few. GCL has also
healthy relations developed over a decade with the various global raw material suppliers
such as Kuwait Petroleum Corporation, Oxbow Carbon & Minerals LLC, Mitsubishi Corporation
Limited among others.
Acuité believes that the established position in the industry and healthy relations with both
customers as well as suppliers will help the company to maintain a stable business profile in
the CPC segment.
Improvement in business risk profile
The business risk profile of the company witnessed improvement reflected by growth in
revenues during FY2023 and 9MFY2024. The revenue from operations of GCL improved to Rs.
1364.36 Cr. in FY2023 against Rs. 766.12 Cr. in FY2022. Further, the revenues
during 9MFY2024 stood in similar range at Rs. 606.42 Cr. The surge in the demand of
aluminium while tightening of its supply marked by geo-political issues and consequent
sanctions on Russia, which contributes almost 6 percent of the global aluminium supply, has
resulted in an implicit effect on the pricing of CPC. The average selling price of the CPC
during FY20-21 stood at around Rs. 22,000 per metric tonne which grew to Rs. 42,000 per metric
tonne in FY21-22, while as on 9MFY23 the average selling price stood as high as Rs.77,000 per
metric tonne.
Acuité believes that GCL’s operating performance is susceptible to the changes in pricing of
CPC and the same will remain critical for its future growth.
#TalbroautoCompany has delivered good profit growth of 21.8% CAGR over last 5 years
Received new multi year orders
worth ~Rs 400 crores from
Domestic
and
Overseas
Customers across its business
divisions, product segments and
JVs. These orders are to be
executed over a period of next 5-
7
years. These orders will help
the Company increase its share
with existing customers and new
customers across geographies
benefitting the Company grow
and gain market share in the
coming years.
Received new multi years orders
worth ~Rs. 580 crores from both,
domestic
and
overseas
customers across its business
divisions, product segments and
JVs. T hese rders are to be
executed over a period of next 5
years commencing from FY25
onwards covering the company's
product lines
gaskets, heat-
shields, forgings, chassis and
rubber hoses
#ASIANENEGeographical Presence
The company has presence in India, Iraq, Nigeria, Myanmar, Indonesia & UAE.
Business Areas
1. Seismic Services - The co. is a leading service provider of 2D and 3D Seismic services with extensive industry experience of over 25 years.
2. Production Facility Construction - The company creates high quality onshore and offshore oil & gas production facilities for various clients.
3. Production Facility O&M - It has extensive experience and expertise in turnkey operation & maintenance (O&M) of onshore and offshore oil and gas facilities.
4. Energy Infrastructure - It has forayed into energy infrastructure segment like rapid loading and handling system of coal & minerals. It also got an order from Coal India Ltd in FY21 for construction of rapid loading and material handling system with O&M for 5 years.
Client Base
As in June 21, the company is undertaking projects and providing services to various clients i.e. Vedanta, ONGC, Oil India, Coal India, Oilmax Energy (promoter) and Amni International.
Company is almost debt free.
Company is expected to give good quarter
Debtor days have improved from 224 to 163 days.
#COALINDIA
Company is almost debt free.
Stock is providing a good dividend yield of 5.11%.
Company has a good return on equity (ROE) track record: 3 Years ROE 51.8%
Company has been maintaining a healthy dividend payout of 51.8%
New Projects 9MFY24
1 Environmental Clearance : EC has been obtained for 14 Proposals (Incremental EC Capacity of 9.85 MTY).
2 Forest Clearance : 1 proposal of wild life clearance (121.58 Ha) has been secured.
3 CIL has approved 5 Coal Mining Projects with a total capacity of 60.04 MTY and incremental capacity of 33.24 MTY.
Solar Power Generation
Aim to set up 3GW capacity of solar power projects to become net-zero by FY 25-26. CIL intends to add another 2 GW of renewable energy, aiming for a total installed capacity
of 5 GW.CIL is also participating in PAN-India Solar tenders of GUVNL, SECI etc to achieve the target of 5 GW. CIL has entered in an MOU with Rajasthan Rajya Vidyut Utpadan Nigam Ltd to develop Solar Power Project at Solar Park in Rajasthan.
Strategic Focus
The company aims to produce 1BT of coal by FY 2025-26.
#HPLHPL Electric & Power Ltd
ABOUT
HPL Electric & Power Limited is a leading electrical equipment manufacturer in India operating for the past 40 years. The Company has significant presence across five key product verticals of electric equipment – metering solutions, modular switches, switchgears, LED lighting and wires
and cables. It caters to a wide spectrum of customer segments, such as power utilities, government agencies, and retail and institutional customers, with a strong brand recall as a trusted electrical brand.
It exports its finest engineering goods to more than 42 countries in regions of Asia, Africa, Europe, UK and Indian Sub-continent through the overseas logistic partners.
KEY POINTS
Market Share
The company is the largest manufacturer of on-load change-over switches with a 50% market share in the country. It also has a market share of 20% in domestic electric meters market. It also has 5% market share in the Low-voltage Switchgear Market. It is the 5th largest LED manufacturer in the country.
Manufacturing Capabilities
The Company has seven manufacturing facilities at Gurugram, Jabli, Kundli & Gahraunda with end-to-end capabilities. Its well organised supply chain is supported by 21 warehouses across India . Its manufacturing process is supported by 2 R&D facilities in Gurugram & Kundli with more than 100 engineers.
Established Distribution Network
HPL has established a pan-India distribution network with 900+ authorised dealers and 45,000+ retailers across India in order to reinforce its brand presence and leverage on the growing potential of India’s electrical equipment industry in metros and Tier I and II cities.
The company plans to increase the retailers to 1,00,000 by March 2025
Revenue Breakup
Metering products contributes 53%, the rest is from Consumer & Industrial 47%.
Orderbook
The company has a strong order book of Rs1500+ cr with meter & systems contributing 82% and the consumer and industrial segment contributing 18% of the current order book.
#ESCORTSCompany is almost debt free
New Products
During FY22, the Co launched six new tractor variants under the Powerhouse series with improved power, fuel efficiency, application suitability and lower maintenance features. Under the railways equipments vertical, the Co launched Emergency pull box, Coupler (Rev # 3) and Metro Dampers (Chennai Metro).
Focus
The Co. is actively pursuing the development of the Electric Vehicle (EV) market, products and technology. It is investing and building capabilities in next-generation digital technologies under the Rajan Nanda Innovation Lab.
ALL TIME HIGH BREAKOUT STOCKNSE:HAVELLS
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Bitcoin - Buy The RallyHello Traders, welcome to today's analysis of Bitcoin.
--------
Explanation of my video analysis:
After Bitcoin created the previous cycle high in 2018 we saw a correction of more than -70%. This dip was the followed by a +2.000% rally and a perfect break and retest of the previous cycle high. If Bitcoin - after the recent rally - now retraces back to the important structure mentioned in the analysis, I am simply looking to add to my current long position.
--------
I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Can UBER breakthrough its all time high?UBER on the weekly chart has been touching the all time high
( set nearly two years ago ) since mid-December. The relative buying volume has had some
spikes. the MACD suggests a line cross above the histogram and so some bearish tendencies.
If UBER can get over its all-time high and retest it from above another leg higher seems to be a
very likely scenario as buyers jump into the action chasing the price. This will be especially true
if the general market gets some good trending up. This goes on the watch list with an alert for
a new all-time high.
Ethereum - Bullrun StartedHello Traders, welcome to today's analysis of Ethereum.
--------
Explanation of my video analysis:
In March of 2017 Ethereum created its first valid breakout followed by a +7.000% rally and a -90% correction thereafter. A couple of months ago Ethereum perfectly retested the previous 2018 high and I am just targeting new all time highs from here. If we get a retracement back to the structure level which I mentioned in the video, I will probably even add to my long position.
--------
I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
Bitcoin ATH breakoutBoth BTC and ETH had a significant levels of previous all time highs to be cleared for a bullish momentum.
ETH/USD cleared the level of 4.200usd and that has now become support.
BTC/USD is now ranging at 62.000 ~ 64.000usd (previous ATH) and there's a clear correlation to ETH/USD at the same level.
Expecting the bulls to take over during the next weeks, but being cautious at the moment until there's a clear evidence of support.
First target remains 72.000usd unless support is lost for invalidation.
RBLX - Great Price Action with Breakaway GapRBLX was meandering sideways for 5 months before it staged a strong Gap to "all-time high", breaking previous high water mark @ 105. It then dipped briefly for the next 2 days, retacing 50% of its strong move up (AB).
The gap was partially filled before it quickly staged a strong rebound last Friday.
This chart has the hall marks of the start of bigger trend:
1. Strong breakaway gap out of a consolidation period and into All-time-high
2. Great volume since the breakup
It is likely that the near support is now at ~100, though conservative traders would put the initial stop loss just below it's recent pivot low @ 93.
Trail profits up for a bigger move or consider to scale out partially along the 1.618 and 2.00 fib extensions of CD swing up (~ @125 and 138 respectively) to protect profits.
Let's see if this trade works out!
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
Bitcoin to $87500 by next week ?Bitcoin is almost to near breaking all time high of $64860 and the weekly target for TP 1 = $87000.
I had shared my analysis in August when the buying signal had appeared.
If you are with me with my analysis then do comment below for my right or wrong, both are welcome :)