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Gold is set to rise - Bullish Momentum Ahead!Welcome to another analysis, where we dive into the latest market trend and chart the potential path ahead for GOLD ! So is gold a good long-term investment? In my view, the short answer is YES . Gold is likely to continue rising in the coming years due to several fundamental factors. Firstly, ongoing global economic uncertainty, including inflation concerns and geopolitical tensions, often drives investors toward gold as a safe-haven asset. Central banks around the world are also increasing their gold reserves, reflecting confidence in its long-term value. If we examine the consolidation period between 2016 and 2019, we can see that the breakout from this consolidation initiated Elliott Wave 3. What's particularly noteworthy is how well the technical indicators have aligned throughout this process. The Fibonacci extension tool accurately predicted where gold would peak in 2020. After reaching that peak, gold entered a new period of consolidation and sideways movement as we moved into the new years. Once again, it appears we've entered another phase of Elliott Wave 3 and will probably soon have a minor correction or sideways time period before going into wave 5. Looking ahead, my long-term projection for gold suggests a potential peak between $3,200 and $3,500, likely around 2026. Only time will tell! Thanks for reading, and make sure to follow me here on tradingview and on X for more updates as we progress: @PuppyNakamoto CAPITALCOM:GOLD TVC:GOLD MCX:GOLD1!
CAPITALCOM:GOLDLong
by WOLFofBlockStreet
2
Gold is set to rise - Bullish Momentum Ahead!Welcome to another analysis, where we dive into the latest market trend and chart the potential path ahead for GOLD ! So is gold a good long-term investment? In my view, the short answer is YES . Gold is likely to continue rising in the coming years due to several fundamental factors. Firstly, ongoing global economic uncertainty, including inflation concerns and geopolitical tensions, often drives investors toward gold as a safe-haven asset. Central banks around the world are also increasing their gold reserves, reflecting confidence in its long-term value. If we examine the consolidation period between 2016 and 2019, we can see that the breakout from this consolidation initiated Elliott Wave 3. What's particularly noteworthy is how well the technical indicators have aligned throughout this process. The Fibonacci extension tool accurately predicted where gold would peak in 2020. After reaching that peak, gold entered a new period of consolidation and sideways movement as we moved into the new years. Once again, it appears we've entered another phase of Elliott Wave 3 and will probably soon have a minor correction or sideways time period before going into wave 5. Looking ahead, my long-term projection for gold suggests a potential peak between $3,200 and $3,500, likely around 2026. Only time will tell! Thanks for reading, and make sure to follow me here on tradingview and on X for more updates as we progress: @PuppyNakamoto CAPITALCOM:GOLD TVC:GOLD MCX:GOLD1!
CAPITALCOM:GOLDLong
by WOLFofBlockStreet
SHK is Spreading its Fragrances on ChartNSE:SHK ..................................................................................................... ..................................................................................................... Q1 FY25 performance overview compared with Q1 FY24. Revenue from operations at Rs. 470.3 crore as against Rs. 422.6 crore, up by 11.3%. EBITDA** at Rs. 83.3 crore as against Rs. 70.6 crore, higher by 18%. EBITDA** margin at 17.7% as against 16.7%, expanding by 100 bps. Adjusted PBT stood at Rs. 46.5 crore as against Rs. 37.8 crore, up 23.1%. Cash profit at Rs. 55.8 crore as against Rs. 47.7 crore, growing by 17.0% . ..................................................................................................... ..................................................................................................... Key Developments. Incorporation of step-down subsidiary – Keva Germany GmbH. Incorporated Keva Germany GmbH to serve as a Creative Development Centre (CDC) for European operations, while also providing support to customers in Dubai and Middle East. ..................................................................................................... ..................................................................................................... Update on Debt Position: The Company’s net debt increased to ~Rs. 542 crore as on 30th June 2024 as compared to Rs. 504 crore as on 31st March 2024. The debt increase was due to the need to replenish inventory following the fire incident at its Vashivali facility in April 2024 . ..................................................................................................... ..................................................................................................... Update on the Fire Incident at the Company’s Fragrance facility located at Vashivali. A fire incident occurred at the Company’s Vashivali facility in April 2024. There was no loss of human life, and the safety of all personnel was ensured. The Company has comprehensive insurance coverage including cover for loss of profit. The Company operates five manufacturing locations in India and, in response to the incident, swiftly implemented a Business Continuity Plan (BCP) by shifting production to alternate sites. The new facility is projected to be re-established within 9 to 12 months. All facilities are now operating in double/triple shifts, ensuring adequate capacity to meet current and future customer requirements. Recently commissioned Indonesia facility is ramping up production to cater to both local and export orders, ensuring continuity and fulfilling commitments to overseas customers. An exceptional loss of ₹120 crore (net of tax) was recorded during the quarter due to the fire, covering plant and machinery, building, and inventory. This loss is expected to be fully offset by insurance reimbursement in FY2025. The Company has filed a request for interim payment of Rs. 50 crore with the Insurance Company. The Insurance company is carrying out the necessary procedure to process the claim .
NSE:SHKLong
by iism-ExpertTrading
XRP/USD at a Crossroads: Major Move Imminent!Welcome to another Wolf of Block Street analysis, where we dive into the latest market trends and chart the potential paths ahead! XRP/USD is at a pivotal juncture, with indicators pointing to a potential significant move in either direction. After years of consolidation, XRP has established strong support at key levels, suggesting that a breakout above recent resistance could trigger a major bullish move. Howewer on the bearish side, XRP is contending with resistance from a downtrend line and declining volume, which eventually could lead to the liq grab to the downside before further upside. The coming trading sessions will be crucial in determining whether XRP breaks higher or dips lower, making this a critical moment for traders. Fundamentally, I still believe XRP is the best crypto coin, thanks to Ripple’s extensive work in building a robust payment network and continue their work despite the SEC lawsuit. XRP is faster and more efficient than Bitcoin in every way, offering quicker transaction times and lower fees. An NFT platform is also being built on the XRP-Ledger and we can finally say that Bitcoin and XRP are the only digital assets that have achieved any regulatory clarity! On that note, thanks for reading! Make sure to follow me on X for weekly updates: @PuppyNakamoto
BITSTAMP:XRPUSD
by WOLFofBlockStreet
5
Parallel Channel Breakout in VOLTASStock: VOLTAS Current Price: 1560 Chart Pattern: Parallel Channel Breakout Overview VOLTAS has recently demonstrated a technical breakout from a well-defined parallel channel pattern. This breakout is an indication of potential bullish momentum, suggesting that the stock could experience significant upward movement. The breakout occurred at the 1560 level, which serves as a critical point of reference for further trading actions. Trade Setup Breakout Level: 1560 The breakout level represents the point at which the stock price moved above the upper boundary of the parallel channel, signaling a potential trend reversal or continuation in the upward direction. Entry Strategy: Go Long: Enter the trade at or slightly above the breakout level of 1560. This ensures that the breakout is confirmed and the trade is initiated in the direction of the new trend. Target Levels Initial Target: 1625 This target is set based on a conservative estimate of the stock's movement post-breakout. It represents an intermediate price level where profit-taking or partial exits might be considered. Final Target: 1684 The final target is derived from the height of the parallel channel pattern. This level projects the full potential upside based on the channel’s dimensions, assuming the breakout sustains. Risk Management Stop Loss: 1500 A stop loss at 1500 is recommended to manage risk and protect against significant adverse movements. This level is strategically placed below the breakout point to allow some price fluctuation while still maintaining a controlled risk profile. Technical Analysis Pattern Confirmation: The breakout from the parallel channel is a bullish signal, indicating that the stock has moved beyond its previous range of consolidation. This suggests the potential for further upward momentum. Upside Potential: The height of the parallel channel, when projected upward from the breakout level, provides a target range for potential price movement. The final target of 1684 is calculated based on this pattern’s projected extension. Summary Action: Go Long Entry Point: At or above 1560 Stop Loss: 1500 Initial Target: 1625 Final Target: 1684 Additional Notes: Continuously monitor market conditions and stock performance. Adjust stop loss and target levels as needed based on ongoing technical analysis and market developments. Consider using trailing stops to lock in profits as the stock price moves toward the target levels. Disclaimer: This recommendation is based on technical analysis and educational purpose. Always conduct your own research and consider consulting with a financial advisor before making trading decisions.
NSE:VOLTASLong
by TradZoo
#bajajfins weekly time frame Bajajfins is forming really good pattern. It's going up and down but u guys can see this time it has started consolidation at break out lvl. Look it good on daily time frame too as it is in supp on that time frame too which is good for short term and small targets. For big we have to wait patiently as finance sector is not doing even tho stocks are publishing good results too . One can add this in there watch book . It's not any buy/sell recommendations.
NSE:BAJAJFINSVLong
by broly_