TATA Motors Good Zones #Bottomfishing Best Buy Zone: 294 - 359
Good Buy Zone: 359 - 405
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
Bottomfishing
TCS Good Zones For #Bottomfishing Best Buy Zone: 2889 - 3398
Good Buy Zone: 3398 - CMP
Add on bounce, not while it is falling.
Long Term Portfolio Stock.
Tracking Quantity can be taken at CMP. (Tracking Quantity : Suppose you want to Invest Rs.X in a particular stock. The amount between Rs.X/5 or Rs.X/10 would be tracking quantity) (‘Tracking Quantity’ of a stock in your portfolio will help you keep a track of the stock if it is coming in the indicated buying zones.)(Sometimes Out of sight goes out of mind so buying tracking quantity of stocks that you want to add in future helps.)
Tutorial | How To Calculate "Flush Zones" Using ATRHoly sell-off Batman. Today we finally had some volatility, and a 2-3% down day in the stock indices. This range expansion seems like a perfect day to come back with another lesson on market tendencies and using ATR to calculate flush zones. What's a flush zone you ask? It's where the weak hands get flushed.
For this lesson, I'm using prior session lows as the levels to measure the zone, but you can apply this concept to any significant level. And remember, you can do this with any instrument. Try it in AAPL or BTCUSD or your favorite symbol.
Futures | Why I Got Long All The Stock Indices on an UGLY CloseThe stock indices all broke below the prior sessions lows to make new lows for the week. But I noticed a few signs that made me pick up some micros long (MES, MNQ, KYM, M2K) right before the 5pm EST close.
Long MES 4385
Long M2K 2152
Long MYM 34822
Long MNQ 14827
$150 risk per position
1847 Goedecker volatility record quarter + share holder dilutionRecent quarter saw the first income for this company since IPO after a record 84% increase in revenue. In an aggressive move the company raises $250m through issuance of new shares to fund the acquisition of appliancesconnection.com and business operations. The out performance of the quarter combined with the share holder dilution creates enough volatility to be an opportunity worth playing. Fibonacci trading potential agrees with the growth story. Opportunities to buy a company with $13m of income in Q12021 and only $11m market cap only come because everyone else is too terrified to buy.
seekingalpha.com
www.businesswire.com
BTCUSD - Buy the dip?I saw an area of confluence at around $40k - $42k. As you can see, the 161.8% and 61.8% Fibonacci retracement also the 55 daily EMA is currently sitting in that area. When the price reaches that area, there's a high probability that the price would rebound. So the $40k - $42k level is considered as a pretty good buy area. But there's also a probability that the price would go through that buy area and bounce off from the 21 weekly EMA (147 daily EMA).
BNB ready for a healthy pullback?Current Style of Trading: 4hr/Daily/Weekly Swings.
Sentiment:
Longterm: Bullish
Short-term: Bearish
(I do believe BNB will not fall to a yearly lower low given it currently sits well above it at over 200%, needless to say this can change and so will my sentiment if markets show me otherwise.
Observations:
Last weekly higher low at $5.94
RSI levels Oversold (weekly).
Declining bull volume for the past 3 weeks.
Topped out at previous strong resistance 17.50 level.
BNB has been running strong for the past 13 to 14 weeks establishing a strong weekly uptrend, but the odds seem to favor a healthy pullback in the upcoming weeks to establish a new weekly higher low compare to $5.94
Possible pull back target:
EMA 12 & or 26: It would not surprise me to see BNB at the very least retest the weekly EMA's allowing the RSI levels to cool off opening the doors to a break above 17.50 Also is worth noting the 50SMA a the time or writing is literally right above the EMA 26 making it even a stronger support in my opinion.
I favor a pull back or at least a period of sideways trading taking in consideration the insane move BNB has had in the past 2 months or so, per technical analysis we know that a healthy pullback is needed to see continuation, having said that BNB can easily skyrocket in the event of extremely bullish news so please take this into consideration. (I am simply stating the most likely scenario in my opinion)
My thoughts:
keep in mind I'm not expecting BNB to drop a whopping 40% to meet the EMAs where they're currently located, to get a better picture we will need to pay attention at the Daily, 4hr and 1hr charts to find clues where the possible bottom of the pull back might be at.
I will be patiently waiting for this pull back and oversold levels to make an entry, depending on the volume behind the bounce I will sit on my trade for several days or weeks, walking my stop loss along the way.
Disclosure:
Please keep in mind that this are simply my ideas on the market, I am in no way shape or form qualified to give anyone any financial advise. All I'm looking for is to become a better trader with time and the only way too do this is to post what I am looking at and take criticism from those of you that been doing this for a very long time, having said that please feel free to call me out on BINANCE:BNBUSDT BINANCE:BNBUSDT any mistakes, or incorrect analysis the best way to learn is from each other as a community.
Happy trading to all of you!!
ETH Reverting to the Mean?Please don't trade based on my technical analysis alone. This is only meant to provide you with new ideas and new insight to improve your own unique approach to trading. I don't expect to accurately predict what the price will do. I just enjoy imaging different scenarios that could happen. Enjoy!
This is just a quick update on ETH. If you don't know, I'm very bullish on ETH in the long term. I don't know how long it will take but when it happens I for one will be capitalizing on it. The recent bullish action has me especially excited. I think it's just getting started.
ETH is suspected to release the major update Constantinople in mid January. I wouldn't be surprised at all of we see bullish movement until then.
And from a technical standpoint, it appears that we are due to revert to some of the major daily moving averages. I think we'll see the 50 and the 100 soon, and maybe even the 200. What do you think? I'm curious to know.
If you appreciate the insight, let me know by leaving a thumbs up and following me.
Cheers!
AUD/USD: Swing-Setup! Buy the BOTTOM#3Hey tradomaniacs,
welcome to another free signal!
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Type: Swingtrade
Buy-Stop: 0,72322
Stop-Loss: 0,72
Target 1: 0,726
Target 2: 0,731
Target-Zonr 3: 0,73313 - 0,73468
Risk-Reward: 3,09
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Leave a like and a comment - I appreciate every support! :-)
Peace and good trades
Irasor
Tata Globals will continue to go down more...Tata Global Beverages Ltd almost 40% down from its 52 week high.
It may continue its downward journey atleast 20% more from current price.
Its PE ratio is also inline with industry PE ratio, which indicates uptrend from here will make this stock overly bought/ high price.
Bottom fishing can be done starting from 150-160 range for a long term perspective.
Bitmex XBTUSD BottomFinder Swing Trades for JuneBottomFinder just signaled a bottom for the Perpetual Dollar Swap. Where will it go from here?
As you can see using the 5 min time frame to swing trade, the indicator selected many profitable trades in a sideways market. When in a downtrend or uncertain sideways trend, you should buy on the strong signal and sell on the weak signal.
BullFilter is our other indicator showing longer term trend strength. Join us on telegram to chat! We have 3 trial spots left this week for BottomFinder.
Bottom Fishing in REVGShares of REVG are at all-time lows and seem to have a favorable risk/reward ratio.
It's trading at about 14x 2017 earnings, and under 10x estimated 2018 earnings. They also have a 100% beat record (over 5 quarters as public company), so estimates may be conservative and imply an even greater value. The PEG ratio is a mere 0.4.
Revenues are growing at about 16-17% y/y, and the balance sheet looks good, as debts are manageable and assets are growing consistently. It's trading at about 1.9x book value, which has grown about 20% since going public.
It pays a modest dividend of 20 cents annually, and the payout ratio of 24% has plenty of room to grow. It's yielding about 1.2% at current prices.
This is a consumer play, which given strong jobs, earnings, and spending growth, should benefit in the months ahead.
I already own shares and calls, and I'll be adding as prices warrant. Earnings are due out on June 6, so that could act as a catalyst to push shares higher. I should also note that short interest has increased about 3% over the past month, with nearly 13% of shares currently held short. A positive earnings report could spur short covering, as well as raises in future earnings, both of which potentially fueling a further rally higher.
Bottom Finder Indicator selected trades for TRX in May.Bottom/Top Finder (BTF) did very well picking TRON/TRX trades for the past month! Biggest trade was 21% profit with just a 3 day wait! I would continue doing short term swing trades until this current market calms down a little. Get those smaller profits on the books and don't be greedy! There will always be another bottom to buy into.
This system works in both up and down markets as you can see, and can be applied to any crypto, stock, forex, gold, etc.
BTF is constantly undergoing new upgrades. If you would like a 24 hour trial with the indicator: please favorite the script, and follow me. Then just send me a message and I will activate you!
XMY Bottom?After a bloody day in Cryptomarkets, I took the opportunity to increase my position in XMY. This is my favorite coin on the market, with increased marketing and exposure this will rocket.
XMY is at the bottom of the downtrend, with a bottom at about 160sats. May be a good opportunity to add some more if you are interested in mooning!
COAL INDIA Ltd: Buy @CMP 245.50, SL 230, Target 320, 427Excellent bottom fishing opportunity in Coal India Ltd. Its trading near IPO Rate(Rs.245). This zone is major support point( Analyze coal India's behavior during Aug 2013 to Feb 2014). Nearly 2cr quantity traded on major reversal day(17 Aug 2017) which was highest since Feb 2015. All in all excellent risk reward zone to initiate the trade.
Crude WTI Harmonic Crab + AB=CD.Potential PRZ closing in on WTI crude.
Price got a harmonic crab pattern setting up with 2 potential D legs.
Price also got a AB=CD at 29.50$
Nice confluence area on a oversold chart.
Note: This is a potential bottom fishing setup for a long term swingtrade, so i will use very low risk IF i take this trade.