Gold repeats History!You better don't miss out on this one! She almost reached her zone around the 79%. Where it is a good point to buy as you can see in the history.
Bullishsetup
EURCHFEURCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 62% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea
Decentraland a.k.a. MANAUSD May Have Formed A Bullish SetupDecentraland with ticker MANAUSD may have formed a nice textbook bullish setup formation. We see a five-wave rally into wave A/1 from the lows, followed by an a-b-c correction in wave B/2 right into the former wave "iv" and 61,8% Fibo. support area. So, it can lift the price higher within wave C or 3 towards 1.0 area for wave C or maybe even higher for wave 3.
We can actually already see it breaking above channel resistance line, but to confirm that wave C or 3 is in play, we need to see a recovery back above 0.55 region.
Shipping Corporation Of India Showing Expected Up-Side MomentumCompany has reduced debt.
Company has delivered good profit growth of 24.4% CAGR over last 5 years
Strengths
Long track record of operations along with diversified business segment
SCIL is one of the largest shipping companies in India with an operational track record of around six decades. It benefits from the experienced management of qualified professionals and nominees of GOI. The long track record has helped them establishing relationships with major PSUs in India like IOCL, HPCL, BPCL, ONGC, etc. The company have diversified business segments which includes crude oil/product tankers, dry bulk, offshore services, and container operations, and has a presence in passenger vessels, chemicals, and gas transportation. SCIL currently has the largest fleet size of 59 vessels; a relatively younger fleet, with an average age of around 11-12 years which helps them in getting better charter rates and achieving higher operating efficiency. Vessels on behalf of third parties, primarily Public-Sector Units (PSUs)/Government Departments/Union Territories are also managed for service income. Currently, SCIL are managing 53 third party vessels.
Acuité believes that SCIL will continue to benefit from its long operational track record and established relationship with the PSU's./b]
Strategic importance to Government of India
With more than six decades of operational track record, SCIL, remains strategically important to the Government of India. The company have been playing a pivotal role towards supplying vessels for the Indian Government key operations such as Mars Orbitter Mission of ISRO (Indian Space and Research Organisation) and other defence missions via agreement with DRDO (Defence Research and Development Organisation). Furthermore, SCIL have created strategic alliances with other governments such as Maldives, Andaman & Nicobar Islands for providing maritime services among islands. They have also been serving projects of national importance by partnering with ONGC and Geological Survey of India (GSI) for offshore services. Apart from that, the company deployed its container vessel on direct "India - Middle East Shipping Service" which connects East & West Coast of India with Middle East ports of Jebel Ali and Hamad and will also cater to other ports in Persian Gulf.
Stable business operations
The business operations of the company remained stable over the years marked by healthy growth in revenue from operations by -25% CAGR over FY21-23 period. The consolidated company achieved revenues of Rs.5794.01 Cr. in FY23 compared against Rs.4988.08 Cr. in FY22 and Rs.3698.09 in FY21. The improvement in revenue is attributable to significant improvement in liner freight indices and bulk segment due to significant improvement in charter rates. A surge in the tanker charter hire rates helped the Tanker Segment to post significant profits. The dry bulk segment is still recovering from historically bad period and loss of key cargoes such as iron ore exports from India, resulting in long non-profitable ballast legs thereby putting pressure on earnings. Although, in later parts of 2020, dry bulk trade recovered remarkably well on account of stimulus packages given by various governments and with China, the main driver of dry bulk demand, recovering quickly from COVID-19 crisis. Simultaneous occurrence of multiple factors conducive for the dry bulk shipping business, viz., spike in dry bulk materials demand, strong trade in grain, coal and iron ore segments, low active fleet growth maintaining tonnage balance etc. gave a good push to the dry bulk rates. Also. strong trade growth and tapering dry bulk carrier deliveries bode well for the near future.
Healthy Financial Risk Profile
The financial risk profile of the company remained healthy marked by strong net worth, gearing ratio and comfortable debt protection metrics. The tangible Net worth of the company stood at Rs.6902 crore in FY2023 as against Rs.5974 crore in FY2022. The debt/equity of the company improved and stood comfortably at 0.37x and 0.53x as on 31 March 2023 and 31 March 2022 respectively. The TOL/TNW of the company improved and stood low at 0.66x as on 31 March 2023 compared against 0.82 times as on 31 March 2022 respectively. The debt protection matrices of the compar mained comfortable marked by interest- coverage-ratio of 9.45x and Debt-service e ratio of 2.30x for FY2023.
Acuité believes that financial risk profile of SCIL may remain strong owing to no major capex plans and stable profit accretions.
TLT Is Coming Into Key Support Within A Corrective DeclineTreasury bond TLT has been trading lower since the start of 2024, but after an impulsive rally at the end of 2023, we believe it's just making and finishing a deep A-B-C corrective decline. It's actually now coming into key strong support zone at 61,8% - 78,6% Fibo. retracement and channel support line, from where we should be aware of bounce, recovery and continuation higher back to 2024 highs. Just keep in mind that bullish confirmation is only above channel resistance line near 92.00 region, while invalidation level remains at 82.45.
GBPJPYGBPJPY is trading inside the symmetrical triangle . The price is reacting well the support and resistance of symmetrical triangle.
Currently the price is getting support from descending channel and now seems like the bulls are getting ready for some strong upside movement.
If the bulls sustain to upside the optimum target could be 195.800 followed by 198
What you guys think of this idea?
GBPAUD BULLISHPrice action suggest a bullish view:
- falling wedge pattern
- successful demand zone test (4h)
- demand zone test followed buy a
break of previous high (---$$$---)
- buying sentiment getting stronger
Entry is identified by a green circle
SL: 20-30 pips ; TP: 160260 pips
Mission accomplished! Now watch Pendle shoot for the moon...As expected, the last leg of correction in Bitcoin drove Pendle to the Fib it missed on the way up. Expect the remainder of this week to be a bit wobbly and unpredictable and then watch Pendle shoot for the moon in the months ahead!
Bunching of Moving AveragesTypically, when you see moving averages get tighter and tighter together, there is a big move coming and its typically in the direction of the side that current prices action is on. This bunching of moving averages happens on many assets but for crypto, the moves that happen after are exponential. As an avid Cardano contributor and trader, here is what I am seeing on a 5day (can also be seen on a weekly).
Examples of this same bunching of moving averages can be seen on ETH, DOGE, BTC, etc. if you go back in time. Currently, Cardano is one of the only ones that is in this position.
ZILUSDT retest and breaking 0.045 (Week high)Hello Traders, I am expecting a bullish trend on ZIL on price of 0.022, and breaking the weekly high of 0.045
enjoy trading
Hindustan Copper - Is it Really Copper or is it Gold ???Multi-Timeframe Analysis on Hindustan Copper
Short Term View: Daily
Double Bottom BO done @ Daily timeframe for Target of 350. Just needs to sustain above 290 WCB. On the way, watchout for immediate resistances at 302, 310, 330
Medium Term View: Weekly
Flag Pattern BO confirmed on Weekly timeframe. At the same time, it is facing resistance from previous High of 302. Sustaining above 303 WCB will take the price to 390
Long Term View: Monthly / 3Months
Its an amazing Multi-year Inverted Head & Shoulder pattern BO on Monthly / 3 Months scale. 14 years BO since 2010. Target 615 perfectly intact
Enjoy the Multi-bagger ride of Hindustan Copper....
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XAU/USD (GOLD) Bullish view: NEW ATH as Support -> $2.5kIn this GOLD/USD trading analysis, we delve into the market movements since 2020, focusing on the formation of a harmonics pattern and the confirmation of the previous low-loading region as support. Notably, the market surpassed resistance around $1500, signaling a significant bullish momentum. Further analysis of the daily timeframe reveals a trend of treating the loading zone, particularly at the monthly level, as support, potentially confirming another loading zone.
After surpassing the previous all-time high (ATH) of around $1800, the market established new resistance levels near $2000, leading to a period of sideways consolidation until the end of 2023. Recently, we observed a breakout, with the previous ATH of $2000 now being treated as support multiple times on the daily timeframe.
Looking ahead, it's probable that the market will consolidate sideways, possibly retracing to touch the $2000 level as support before another bullish push. However, it's crucial to monitor developments closely, as a breakout above $2000 could lead to it being treated as support, altering the trajectory of the price action. Regardless of short-term movements, price targets are set between $2300 to $2500.
Scalpers are advised to examine lower timeframes to identify shorting opportunities to the loading zone.
As always, it's important to remember that trading involves inherent probabilities, and the analysis provided here does not constitute trading advice. Traders are encouraged to conduct thorough research and manage their risks accordingly. Dollar-cost averaging is emphasized as a reliable strategy, with a reminder that investing often outperforms frequent trading.
Wishing all traders success and profitable trades.
Keywords: GOLD/USD, trading analysis, harmonics pattern, support levels, resistance levels, sideways consolidation, bullish momentum, price targets, scalping, dollar-cost averaging, investing, risk management, trading advice.
GRTUSDTGRTUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
AXSM - A Resume On The Bull Run - BullishNASDAQ:AXSM
- Has been showing strong upside movements with healthy corrections for a while now
- Down about 28% from all-time-high now
- Strong support levels down from the current price ~$70
- Overall doing great as a company
- Take Profit ~$89 as it fills a gap, conservative estimate
- Higher profit can be achieved in the long term
- Stop loss slightly lower than the next major support ~$66
*Not Financial Advice*
EURUSDEURUSD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new HH.
What you guys think of this idea?
LMB - Correction Done - BullishNASDAQ:LMB
- Been bullish for a while
- Showing support on a strong support level ~$40
- Down ~20% from all-time high
- Company doing well generally
- Take profit 1 ~$48
- Take profit 2 Open
- Stop loss below Dec 2023 low of ~$37
I'll be going only with the $48 as I am not looking for a long-term investment
*Not Financial Advice*
Breakout in tata consumer 23% upside possible A good breakout with heavy volumes ND strong rsi was done in tata consumer.
Buy it at 1191-1240
Target 1280 1470
Sl 1165
There is high possibility that 23% will be achieved with in 5-11 week
USD/CAD Can We Expect The Next Move On This Pair ?!USDCDAD is a hard pair to expect its next move, but now we have this nicely respected up trendline. if we look at the trand line and put our fib tool we will see that we are near the trend an also near the fib 61% and 71% FIB levels.
all we can do now is to wait for a bullish price action around our 2 point ( fib level, trendline ) and from there we can enter a buy trade on this pair.
RAYUSDTRAYUSDT is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be 2
What you guys think of this idea
AUDNZDAUDNZD has formed double bottom with strong bullish divergence and bulls have shown the bullish reaction as well and has given the breakout of 1.0620 level with massive buying.
Currently the price is facing strong resistance around 1.0695 region but seems like bulls will break through it.
if this breakout happens the next optimum target will be 1.0810.
SOLANA to 120??New week, same old opportunities..
Based on the chart, we are still in a bullish cycle, SOL has just completed a correction to complete wave 4, so from here we are expecting the price to go up, in order for wave 5 of wave 3 to be completed, then we will follow what the market price gives us.
For now ride the wave to the ATHs.
Everything In Our FavorI am a previously successful trader who has been out of the game for a few years but I am getting back in to pay off some short term debt and I need to generate some extra income to pay off this high amount of short term debt. I am choosing options again because that is where I was successful before. I turned $2k into $20k 5 years ago and I believe I still got it! But enough about me, lets dissect each indicator I am using for this long call trade.
D Plus: Showing a green cloud beneath the most recent candles indicating bullish divergence. If you look further back at the last green arrow indicator it did indeed rise and we could be set up for another rise and the next buy signal could be moments away. These signals are so accurate that the creator charges a subscription for. Next!
Triple confirm: Shows several buy signals along with low RSI and lower trade volume. Trade volume could increase tomorrow with AAPL being under bought and speaking of RSI lets take a look at the true RSI indicator.
RSI: The RSI is 36.81 making AAPL extremely underbought. This could help us understand that the price will rise as more buyers will buy in bringing this level back up. Technically right now the price of Apple is a steal according to the RSI and buyers want their deals.
Divergence: Finally divergence, the divergence shows weakening bearish divergence and growing Bullish divergence. This is a sign that the bulls are regaining strength and could take over causing price to rise as buyers are buying Apple up at this price.
What are your thoughts? Would love to see them in the comments!
Good luck and happy trading!
Match Group (MTCH) About to Take OffI generally don't look at 3M charts, nor do I ever have this many indicators on my charts...
BUT they're all aligning - pair that up with an OpenAI partnership and there's no where but up from here.
Match Group is the company behind Tinder, Match, Hinge and a total of 40ish relationship apps - I'll breakdown my theory as simple as possible...
I can realistically see a 10x+ out of this.
AI = Job Cuts = More OF Girls = Bigger Female Egos = Desperate Guys = Pay-to-Date
Then, eventually, the lines between a female and AI will blur...but we have time on that.
