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INVESTMENT IDEA - BAJAJ FINANCE Bajaj Finance , a major financial services provider in India, showcases a promising investment setup supported by both technical and fundamental strengths. Technical Reasons : Trend Line Support: The stock is holding above a long-term trend line, indicating resilience and potential for an upward move. Intact Trend: Continuous higher highs and higher lows signal that the bullish trend remains intact. Doji and Inside Candle Pattern on Weekly: This pattern suggests a possible reversal or continuation, highlighting a period of consolidation with potential for breakout. Fundamental Reasons : Record Revenue and Net Profit: Both metrics are at all-time highs, underscoring the company's financial strength. Attractive Valuation: With a current 10-year PE ratio of 27.9, Bajaj Finance trades below its 10-year median PE of 45.4, suggesting it is undervalued relative to historical standards. Solid Growth and Returns: The company boasts a 24% compounded sales growth rate, an ROCE of 11.9%, and an ROE of 22.1%, reflecting effective utilization of capital and profitability. These combined factors make Bajaj Finance an attractive long-term investment option, with technical support for entry and solid fundamentals for sustained growth potential.
NSE:BAJFINANCELong
by Visionary_Growth_Insights
$ETH reach new ATH $6300BINANCE:ETHUSDT The coin is declining, which is just good for the current market. I expect correction to the zone of 2690-2870, but the best level will be 2773. After the correction, a new growth cycle will begin and will require a breakdown of the resistance level, from which the correction has now occurred. After the breakdown and confirmation of the level, the price will go to reach new heights and update the historical maximum. Prices of 4700 and 6311 are quite achievable with the current market and related news. Follow me for fast Updates by link in signature or bio!
Long
by DirectorTradinga
1
HelenP. I Euro will correct to trend line and then start to riseHi folks today I'm prepared for you Euro analytics. In the chart, we can see how the price some time traded between resistance 2, which coincided with the resistance zone and later started to grow the trend line. When the price reached this line, it turned around and started to decline and soon broke the 2nd resistance level. After this, the price continued to fall below the trend line and when it fell to 1.0765 points, the price turned around and rose higher than the trend line, breaking it. Then the Euro rose to 1.0940 points, after which made impulse down to one more resistance zone, which coincided with 1st resistance level. Price tried to grow, but failed and continued to decline next, breaking the 1.0680 resistance level. And recently it reached the trend line and at once rebounded and started to grow. For this case, I expect that EURUSD will correct to the trend line and then start to grow to the 1.0680 resistance level, therefore this level is my goal. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
Gold can reach resistance level and then continue to declineHello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price some time ago traded near the 2735 resistance level, which coincided with the seller zone and then started to grow and rose to 2780 points. Then the price turned around and started to decline inside the downward channel, where it broke at once 2735 level and then fell to the support line. After which it bounced and rose to the resistance line, but soon rolled down and later dropped to the current resistance level, which coincided with the resistance zone. Gold some time traded in the resistance area and then broke the 2590 level, after which fell to the support line of the downward channel. A not long time ago it rebounded from this line and started to grow, and now Gold continues to grow to it current resistance level. In my opinion, the price can reach a resistance level and then turn around and start to decline next in a downward channel. For this case, I set my TP at 2490 points, which coincided with the support line of the channel. Please share this idea with your friends and click Boost 🚀
FOREXCOM:XAUUSDShort
by LegionQ8
USDCAD BULLISH PROFITABLE IDEA#USDCAD is at a bullish sentiment, what we can do from the previous price action is observed the previous Break of structure in the bullish direction. It is important to note hoe the break of structure took place , and as we see there was formation o structure which resulted in an impulsive market action resulting to the break, this area has been untapped till now of any pending liquidity in support of the bullish trend What to do ? Wait or the price action to mitigate this area and look for a suitable entry position based on your entry techniques, esp before the news. #all the best.
Long
by DIGITALASSETSINC
Cisco (CSCO): Waiting for an entry after earningsCisco NASDAQ:CSCO recently reported its Q1 earnings, and the results exceeded expectations. With a reported revenue of $13.841 billion versus the estimated $13.775 billion, and earnings per share (EPS) coming in at $0.91 against an expected $0.872, the company delivered a positive surprise. This marks the ninth consecutive quarter where Cisco has beaten revenue estimates. On the technical side, the previously bearish outlook has been invalidated. We have updated our chart, adjusting the wave (4) bottom to align with the lower trend channel. After a remarkable 33% rally in just 100 days, the stock is due for a “healthy” pullback, potentially targeting the range high of $52-$48. However, this will heavily depend on further market reactions to the earnings report. From a broader perspective, we are now targeting a push towards or even above the upper trend channel for the wave 3 and subsequently the wave (5). However, these moves are long-term prospects and will take time to materialize. The focus remains on recurring revenue, which has grown significantly year-over-year, reaching $29.6 billion in the fourth quarter. While recurring revenue from subscriptions is a bullish factor, potential concerns regarding company spending in the second half of 2024 need to be monitored. We are closely observing the lower time frame for potential entry opportunities, keeping an eye on the anticipated pullback to confirm healthy growth momentum.
NASDAQ:CSCOLong
by freeguy_by_wmc
Fundamental Market Analysis for November 15, 2024 USDJPYThe Japanese Yen (JPY) extended its losing streak against the US Dollar (USD) for the fifth consecutive session following the release of Japan's Q3 Gross Domestic Product (GDP) data on Friday. The USD/JPY pair's upside potential is supported by a strong US Dollar (USD). Traders are also preparing for the release of US retail sales data for October, due later on Friday. Japan's preliminary gross domestic product (GDP) data for the third quarter rose 0.2% quarter-on-quarter, up from 0.5% in the previous quarter, matching market expectations. On an annualized basis, the country's GDP growth in the third quarter was 0.9%, beating the market consensus forecast of 0.7%, but showing a sharp slowdown from the 2.2% growth recorded in the second quarter. Japan's Finance Minister Katsunobu Kato said on Friday that he will take appropriate measures against excessive currency fluctuations. Kato emphasized the importance of stable exchange rate movements reflecting economic fundamentals and expressed concern about unilateral sharp fluctuations in the market. Meanwhile, Japan's Economy Minister Ryosei Akazawa said he expects the moderate economic recovery to continue, fueled by rising employment and wages. However, Akazawa also emphasized the need to keep a close eye on potential downside risks to the global economy and volatility in financial and capital markets. Trading recommendation: Trade predominantly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004
Sell XAU/USD (Gold) Bearish ChannelThe XAU/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 2560, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 2524 2nd Support – 2501 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAUUSDShort
by KABHI_TA_TRADING
4
Sell XAG/USD (Silver) Bearish ChannelThe XAG/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 30.40, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 29.50 2nd Support – 29.10 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
OANDA:XAGUSDShort
by KABHI_TA_TRADING
1
Possible USD Strength Continuation?Here's the revised trading plan with the requested adjustments: 1 . Baseline Scenario : - Macro-Fundamental Bias: Neutral to Slightly Dovish . The Federal Reserve has recently lowered the federal funds rate to 4.50% - 4.75%, reflecting a cautious approach to monetary easing. While inflation remains somewhat elevated, the Fed is balancing its dual mandate of supporting employment and controlling inflation. Current market expectations indicate a 59% probability of a quarter-point rate cut at the December meeting, down from 82.5%. - Short Term Sentiment Bias: Bullish . The short-term sentiment on the USD is bullish, driven by Fed Chair Powell's recent comments on the strong economy and solid job market, which have reduced the likelihood of a December rate cut. 2. Risk Event Baseline : - Market Expectations: - Core Retail Sales m/m: Forecast 0.3% (Previous 0.5%) - Retail Sales m/m: Forecast 0.3% (Previous 0.4%) 3. Surprise Scenarios: - Positive Surprise : - Plan: If retail sales figures exceed expectations, this will likely reinforce the bullish sentiment on the USD. Consider increasing long positions in USD pairs, particularly against currencies with dovish central banks. Additionally, look for opportunities in sectors that benefit from strong consumer spending, such as retail and consumer discretionary stocks. - Negative Surprise : - Plan: If retail sales figures come in below expectations, the market reaction is expected to be muted given the current sentiment. Maintain existing positions but be prepared to adjust if subsequent data or Fed communications indicate a shift in the economic outlook. Monitor for any signs of weakening consumer confidence or spending that could impact broader market sentiment.
TVC:DXYLong
by Midas_Macro
A Weaker pound? 1. Baseline Scenario - Macro-Fundamental Bias Dovish. The Bank of England has cut rates by 25bps to 4.75%, with expectations of further cuts due to slowing inflation. Markets are pricing in two 25bps cuts by the end of 2025 with a 92% chance of a third 25bps cut, dispite the Labour Government's fiscal policy expected to be reflationary. There is also a 15% chance of a 25bps rate cut in December. - Short Term Sentiment Bias : Neutral. The pound is moving flat on an index level, indicating no strong short-term sentiment driving the price. 2. Risk Event Baseline - Event Description : Upcoming UK GDP data releases. - Monthly GDP (m/m) forecast: 0.2% (previous: 0.2%). - Preliminary GDP (q/q) forecast: 0.2% (previous: 0.5%). - Market Expectations : Markets are anticipating a slowdown in economic growth, with the preliminary GDP forecast significantly lower than the previous quarter. 3. Surprise Scenarios: - Negative Surprise: - Plan: If GDP data misses forecasts, reinforce bearish positions on GBP pairs. A weaker-than-expected GDP print could act as a catalyst for further pound selling, aligning with the dovish macro outlook and expectations of additional rate cuts.
Short
by Midas_Macro
1
Buy NZD/JPY Descending Triangle The NZD/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 91.65 Target Levels: 1st Resistance – 92.11 2nd Resistance – 92.34 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
2
EURO - Price can leave triangle and rise to $1.0765 levelHi guys, this is my overview for EURUSD, feel free to check it and write your feedback in comments👊 Some time ago price fell to $1.1085 level and some time traded near, after which bounced and rose to $1.1210 points. Then price started to decline in falling channel, where it broke $1.1085 level and fell to support line at once. In channel, EUR declined until to $1.0765 level, which coincided with resistance area and some time traded near. Later, price exited from channel, and entered to triangle, but firstly made a gap and then bounced down. Price broke $1.0765 level and now it trades near resistance line of triangle, so, I think can make correction. After this, Euro will bounce up to $1.0765 resistance level, exiting from a triangle. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
Fundamental Market Analysis for November 14, 2024 GBPUSDGBP/USD extends its decline to 1.26850 in Asian trading hours on Thursday. The US dollar (USD) rally to the highest level since November 2023 is putting pressure on the major pair. Later on Thursday, Bank of England (BoE) Governor Andrew Bailey will deliver a speech. Data released by the US Department of Labor Statistics on Wednesday showed that the US Consumer Price Index (CPI) matched expectations, rising 2.6% year-on-year in October. Meanwhile, the core CPI, which excludes the more volatile food and energy categories, rose 3.3% y/y in October, matching the forecast. Markets expect the U.S. Federal Reserve (Fed) to continue cutting rates at its next meeting in December. “The Consumer Price Index offered no surprises, so for now the Fed will continue to cut rates in December. However, next year is a different story given the uncertainty surrounding potential tariffs and other Trump administration measures,” said Ellen Zentner, chief economic strategist at Morgan Stanley Wealth Management. Fed officials remain cautious about cutting rates. On Wednesday, Dallas Fed Chairwoman Laurie Logan said the U.S. central bank should be cautious about further interest rate cuts so as not to inadvertently ignite inflation. In addition, St. Louis Fed President Alberto Musalem said stagnant inflation figures make it difficult for the U.S. central bank to cut rates further. Traders are raising bets on another quarter percent rate cut in December, albeit at a slower pace, before mid-2025. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Fundamental Market Analysis for November 13, 2024 EURUSDThe Euro-dollar pair remains under pressure on Wednesday, holding just above the 1.06000 level during Asian trading hours. This will mark the fourth consecutive day of losses for the Euro as the pair continues to experience downward momentum. The main factor contributing to the recent EUR/USD weakness is the strength of the US Dollar (USD). The implementation of US President-elect Donald Trump's proposed fiscal policy could stimulate investment, increase government spending and boost labor demand. However, such a surge in economic activity could also increase inflation risks. Minneapolis Fed President Neel Kashkari reiterated Tuesday that the central bank remains confident in its fight against transitory inflation, but cautioned that it is too early to declare complete victory. Kashkari also noted that the Fed will refrain from modeling the economic impact of Trump's policies until there is more clarity on the specifics of those policies. Traders are now focused on the upcoming release of U.S. inflation data on Wednesday for further guidance on future U.S. policy. The core consumer price index (CPI) for October is expected to rise 2.6% year-over-year and core CPI is expected to rise 3.3%. According to a recent study by the London School of Economics and Political Science, imposing 10 percent tariffs on all imported goods, as advocated by Trump, could have a 0.1 percent negative impact on European Union (EU) gross domestic product (GDP). This potential slowdown in economic growth in Europe could further reduce the Euro's momentum against the US Dollar. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Buy AUD/JPY BreakoutThe AUD/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours. Possible Long Trade: Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 101.15 Target Levels: 1st Resistance – 101.83 2nd Resistance – 102.30 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
6
HolderStat | BTC retail traders are buying🔥 Bitcoin has risen significantly recently, reaching a new ATH of $89,940. 🔎 The volume of “Bitcoin” search queries on Google Trends has also hit a new high from June 2022. Crypto-betting platform Polymarket estimates the probability of bitcoin reaching $100,000 by the end of 2024 at 62% 🎲 🚀 Bitcoin's capitalization has surpassed that of silver - the first cryptocurrency now ranks eighth among the world's largest assets. The analysis of the wallets we tracked led us to the following conclusions 👇 💡 Looking at the state of our indicator and the operations of the tracked wallets, we can say that long-term holders have already started to close their positions little by little, while cautious traders only bought after the trend confirmation. All this means that BTC will continue its growth, but altcoins will show the biggest growth in the next month.
COINBASE:BTCUSDLong
by HolderStat
Sell AUD/CAD @ Bearish FlagThe AUD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.9140, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 0.9093 2nd Support – 0.9058 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
12