It looks like we are ready to go long! 🚀 #Bitcoin Monthly Chart Update 🚀
After breaking out from its previous all-time high, #BTC is now retesting that key level.
The current monthly candle looks solid, showing signs of strength! 📊
This could be the beginning of a major move upward, in my opinion. 💡
What are your thoughts on this setup? Drop your views below! 👇
#Crypto
Editorspick
#PYTH/USDT: Bullish Breakout Ahead! SEED_DONKEYDAN_MARKET_CAP:PYTH /USDT: Long Position🚀
PYTH is forming a descending wedge pattern, which is a bullish reversal setup. The price has consolidated and is approaching a breakout point. If the price breaks above the wedge resistance, a strong upward move can be expected, with significant upside potential indicated in the chart.
Entry Point: Current Market Price (CMP)
Additional Positions: Add more if the price dips to the support zone near 0.25 USDT.
🎯Targets:
$0.39
$0.49
$0.65
$0.72 (Final target)
⛔Stop Loss (SL): $0.24 to manage downside risk.
⚖️Leverage:
Use leverage cautiously, between 5x and 10x depending on your risk tolerance.
DYOR NFA
#Cryptocurrency #Crypto #XRP
#Bitcoin It's Over? 🚨 #Bitcoin Update: Big changes could be coming!🚨
We're close to seeing a major shift in the market. The Super Trend indicator, which has been positive since early 2023, might turn negative soon. If Bitcoin closes below $56,000 in the next few days, it could mean the end of the current bull run.
Watch the charts closely! If the price stays above $56,000 and bounces back, we might see a strong recovery. But if it falls below, the bears might take over.
Stay alert and trade wisely! 📈💡
#Crypto
IN EXPLANATION
We are on the verge of confirming a reversal on the larger time frame.
The Super Trend indicator, which has been green throughout the entire market since the beginning of 2023, was also red during the market's decline in 2022. This indicator has been effective in determining whether we are in a bear market or a bull market on the larger time frames, rather than the short-term. While we may experience short-term dips or bearish trends, the Super Trend indicator highlights the broader bullish and bearish movements. It will turn red, confirming a bearish trend reversal on the larger time frame and indicating a bear market if we see a four-day candle close below approximately 56,000.
This would confirm a trend reversal pattern. For the market to continue, the price needs to remain above 56,000 and rebound from this level soon. This could potentially lead to the formation of a giant bull flag. However, if this pullback persists over the next few days and we see a four-day candle close below 56,000 in three days, it could signal the end of the bull market.
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$SOL primed for relaunchCRYPTOCAP:SOL has been hot as of lately and the crypto sector seems to be bullish overall. We have a nice breakout here on the daily timeframe and as we zoom in on the price action we can see that its a perfect retest for the next leg up! I think this has a good and i mean GOOD chance of seeing $200 very soon.
$TNSR looks like a strong long opportunity!🚨 $TNSR is forming a Symmetrical Triangle Pattern on the 4H chart, which is typically a continuation pattern.
📈 Entry Point: CMP and Accumulating up to $0.45
🎯 Targets:
Midterm Goal: $0.664
Long Term Goal: $1.088
Trading Options: NASDAQ:INSR
is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.425.
📊 About $TNSR:
INSR is a promising project in the crypto space, aiming to revolutionize transactions with its innovative technology. Their mission is to provide seamless and secure transactions across different networks.
📢 DYOR, NFA
#Crypto
Compound Interest - A Trader's Secret WeaponIn this video I give you a perspective that traders often neglect - Compound Interest.
Compounding is probably the most important part in terms of becoming a trader that survives in the long run. Social media is filled with traders nowadays, and some of them are pretty good at trading. However, shortsightedness gets to them as they forget about the one thing that ensures longevity in this game. It is way easier dig yourself into drawdown than it is increase your wealth, it is just math. The technique that greatly rewards the disciplined and patient trader is COMPOUNDING.
As Albert Einstein said according to some sources although not verified is that "Compound interest is the 8th wonder of the world".
- R2F
Liquidity is KEY to the MarketsIn this video I go through more about liquidity and why it is important.
The markets move because of liquidity. Without liquidity, there is no trading. The larger the trader, the larger the liquidity required. Understanding the concept of liquidity and the fractal nature of price, trading becomes very interesting. A whole new world opens up to you and you no longer have to keep guessing where price is going. You no longer have to keep chasing candles.
I hope you find this video insightful.
- R2F
Shilpa medicare on a Huge yearly Breakout !!Shilpa Medicare has given Multiyear Breakout !!
Stock has been consolidating from 2015
It's been almost 8-9 years stock has given No Returns
Stock has made Symmetrical Triangle pattern on a monthly timeframe
Pattern is showing targets of 1200-1300 in coming months
Thank you !!
Last Chance Alert: Buy Bitcoin Now at Unbelievably Low Prices!BTC UPDATE
BTC is trading at $61,500, nearing a critical support level at $60,000. We have a rising trendline, the 200 EMA, and the lower trendline of this expanding triangle also acting as support.
After 7 consecutive days of outflows in Bitcoin ETFs, yesterday saw $31 million in inflows, which is positive for bulls.
In the long term, I am bullish on BTC. We may see some short-term corrections in price, potentially down to $54,000 in the worst case, but that will be the best time to buy BTC.
The funding rate is negative at -0.11%, which is a positive sign for bulls.
Stay tuned for more updates.
CRYPTOCAP:BTC BINANCE:BTCUSDT BITSTAMP:BTCUSD
DPWires is ready for 20-30% returns DPWIRES is around the support area
Stock has corrected appx 35% from highs
Previously stock always corrected between 30-35%
So it has nature to give 30-35% correction !!
After a fall, Stock is around support area which is working from 2020
We may see bounce from 450 level and see further upside !!
Thank you !!
Reliance will fall hereonReliance industries is around the Long term Resistance
Right now on a Daily timeframe, Stock is making Broadning pattern
If Stock follows the pattern then we can see downside of 10-13% from these levels
Disclaimer :- This is POSSIBLE BROADENING Pattern
Thank You !!
Disclaimer : We are not SEBI registered analyst. Do your own research before taking any investment decision.
MACD indicates flat momentum!After breaking the descending trend line, the RSI now holds above its former resistance-turned-support.
100EMA is working as support.
However, the MACD indicates flatlining momentum with no clear direction. Despite nearing a bearish crossover, we lack momentum for significant short-term movement. Expect subdued price action or sideways movement due to this lack of momentum and a weak trend in either direction.
#Bitcoin #Crypto
#QTK, THE BACKTESTING PLATFORM COIN, COULD SURGE 20-30X!QuantCheck (QTK) is a platform designed to enhance cryptocurrency trading strategies by providing users with the ability to simulate past market conditions. It's akin to a tool that allows traders to test their strategies as if they were using a time machine. With a limited supply of just 120.75 million tokens, there's substantial potential for growth. Having utilized the platform myself, I find it immensely beneficial.
The recent launch of the QTK token has sparked my interest, and I see parallels between its potential and that of AITECH. I've made a significant investment in QTK, motivated by both its effective product and promising tokenomics.
As of now, QTK is trading at around $0.65, with an accumulation zone estimated between $0.70 and $0.64. In the short term, over the next 4 to 8 weeks, I anticipate a price target ranging from $2 to $5. Looking ahead to the mid-term, spanning 3 to 6 months, I foresee potential targets of $5 to $12. In the long term, I believe QTK could reach heights of $20 to $30.
I'm optimistic about the future of QTK, considering both its technical aspects and fundamental strengths. Feel free to share your thoughts and analysis in the comments.
DYOR,NFA
#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.
#GODREJAGRO
Company has been maintaining a healthy dividend payout of 51.6%
Debtor days have improved from 37.4 to 22.4 days.
Company's working capital requirements have reduced from 58.6 days to 46.1 days
Strengths:
Diversified business presence: The company’s focus on diversification into newer segments such as palm oil, crop protection, dairy and poultry over the past 7-8 fiscals in order to lower its concentration in the animal feed business (revenue contribution down to around 49% for the first nine months of fiscal 2024 from 80% in fiscal 2012) supports its overall business risk profile and provides cushion against slowdown in any business segment.
In the first nine months of fiscal 2024, overall revenue saw modest growth of 2% year-on-year, largely on account of healthy volume growth in most of the business segments, apart from the business under the subsidiary, Astec Lifesciences, which faced competitive pressures for its key enterprise products. The volume growth was offset by negative or modest expansion in realisations, especially in the palm oil, poultry and animal feed segments, leading to a muted revenue growth.
Operating margin, however, improved on a year-on-year basis, to 7.7% for the first nine months of fiscal 2024, as against 5.7% for fiscal 2023, backed by lower input prices in dairy and poultry segments and higher operating levels in the animal feed and crop protection segments. The improvement in operating margin was the highest in crop protection segment, supported by strong volumes and realisations in the in-licensed product portfolio, apart from the dairy segment where operating margin improved substantially, on the back of lower milk procurement prices and operating efficiency, from operating losses seen last year. On the other hand, operating margin declined in the Astec Lifesciences segment, as it faced continued price erosion and subdued demand for its key enterprise product, despite robust performance by its contract manufacturing segment.
Dominant position in the domestic animal feed and palm oil segments: GAL enjoys a dominant position in the domestic organised animal feed industry with presence across various sub-categories such as cattle, broiler, layer, fish, shrimp and other feeds. The company's efforts are driven by research and development to achieve cost leadership and competitiveness, which have supported its volume growth. The segment continued to see traction across sub-segments, especially in cattle feed and aqua feed, during the first nine months of fiscal 2024.
Being the second largest consumer of palm oil in the world, India’s demand for domestic palm oil is expected to remain robust. The segment registered compounded annual growth rate of 16% over the eight fiscals through 2023, with healthy operating margin of above 19% over the period. Strong volume growth expected over the medium term, along with the longer shelf-life volumes coming from company’s newly set up oil refinery, would help keep operating margins healthy.
Strong financial risk profile: Financial risk profile remains strong as reflected in gearing of 0.48 time as on December 31, 2023 and interest coverage of 7.55 times in the first nine months of fiscal 2023, versus 0.44 times and 5.62 times, respectively, as on December 31, 2022. Debt levels declined slightly to Rs 1,203 crore as on December 31, 2023 from Rs 1,321 crore as on March 31, 2023. Debt levels are expected to remain range-bound over the medium term on the back of strong cash accruals from the business, despite the capital expenditure (capex) plan and working capital requirements, because of which the overall financial risk profile would remain comfortable.
Strong financial flexibility from being part of the Godrej group: GAL enjoys strong financial flexibility being part of the Godrej group and has the ability to raise debt at competitive rates and on short notice. It is able to directly derive implicit benefits being part of the Godrej group and without a formal arrangement of support with the parent, group companies or promoters.
#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.
27 Articles That Helps You to Avoid MONEYGONE PatternAre you tired of feeling like your money disappears into thin air? Say goodbye to the ' MONEYGONE ' pattern with our collection of 27 articles packed with tips and tricks to keep your finances on track.
In #VestindaTips we've put together this big guide all about how prices move and patterns in trading.
Whether you're new to trading or you've been doing it for a while, we want to give you helpful info to understand the ups and downs of the financial world. So, let's learn together and get ready to navigate those tricky markets!
Dynamics of Bull Market Cycles:
Understanding the ebbs and flows of bull markets is essential for capitalizing on upward trends. Dive into the intricacies of bull market cycles to identify opportunities and optimize your trading strategies.
Dynamics of Bear Market Cycles:
Conversely, bear markets present unique challenges and opportunities.
Explore the dynamics of bear market cycles to mitigate risks and maximize profits during downward trends.
Diamond Pattern: How-To Guide:
Uncover the secrets of the diamond pattern and learn how to recognize and interpret this rare yet powerful formation in trading.
Drawing Trendlines: A Practical Guide:
Master the art of drawing trendlines with precision and accuracy. This practical guide offers valuable tips and techniques to identify trends and make informed trading decisions.
Think You Know Candlestick Patterns?
Delve deeper into the realm of candlestick patterns and refine your understanding of these fundamental tools for technical analysis.
What is a Bearish Pennant Pattern?
Decode the mysteries of the bearish pennant pattern and discover how to spot this bearish continuation formation in the market.
Market Gaps: Strategies, Types, Fills, and Crypto:
Explore the phenomenon of market gaps and uncover effective strategies for navigating these price discontinuities across various asset classes, including cryptocurrencies.
Three White Soldiers:
Learn to recognize and interpret the significance of the three white soldiers pattern, a bullish reversal formation that signals a potential shift in market sentiment.
Bullish Pennant Pattern:
Gain insights into the bullish pennant pattern and harness its predictive power to identify lucrative trading opportunities in the market.
How to Island Reversal Pattern:
Navigate the waters of the island reversal pattern and understand its implications for trend reversal and market sentiment.
The Triangles: With Real-Life Examples:
Explore the various types of triangle patterns, including symmetrical, ascending, and descending triangles, with real-life examples illustrating their significance in technical analysis.
Cracking the Short Squeeze:
Demystify the phenomenon of short squeezes and learn how to capitalize on these explosive market dynamics for potentially substantial gains.
Hammer of Trend Change:
Discover the hammer candlestick pattern and its role as a potent signal for trend reversal, providing traders with valuable insights into market dynamics.
Basics of Elliott Wave Theory:
Unlock the foundational principles of Elliott Wave Theory and leverage this powerful tool for predicting market cycles and trends.
The Core Confirmations Every Trader Must Know:
Equip yourself with essential trading confirmations to validate your analysis and make well-informed trading decisions with confidence.
What are Tweezer Top and Bottom Patterns?
Unravel the mysteries of tweezer top and bottom patterns and learn how to interpret these candlestick formations for identifying potential trend reversals.
How to Altseason Cycle || Cheat Sheet || Bitcoin Dominance:
Navigate the altseason cycle with ease using this comprehensive cheat sheet, complete with insights into Bitcoin dominance and its implications for the broader cryptocurrency market.
Rising and Falling Wedges Explained:
Understand the characteristics of rising and falling wedges and learn how to effectively trade these patterns for profit.
How to Head and Shoulders:
Master the head and shoulders pattern, a classic reversal formation that can provide valuable insights into market trends and potential trend reversals.
Double Top vs. Double Bottom Patterns:
Distinguish between double top and double bottom patterns and learn how to identify and trade these reversal formations effectively.
Triple Top vs. Triple Bottom Patterns:
Explore the nuances of triple top and triple bottom patterns and their implications for market trends and price action.
DIVERGENCE CHEATSHEET:
Decode divergence patterns with this comprehensive cheat sheet, providing invaluable insights into market dynamics and potential trend reversals.
Supply and Demand Zones: Buying Low, Selling High:
Master the art of identifying supply and demand zones to capitalize on optimal entry and exit points in the market.
Ascending Channels: The Guide:
Navigate ascending channels with confidence using this comprehensive guide, complete with strategies for trading within these bullish formations.
Wyckoff Accumulation & Distribution:
Unlock the secrets of Wyckoff accumulation and distribution phases and learn how to spot these market manipulation tactics for profitable trading opportunities.
The Cup and Handle Pattern in Trading:
Discover the cup and handle pattern, a classic bullish continuation formation that can signal significant uptrends in the market.
The ABCD Pattern: from A to D:
Explore the ABCD pattern and its role in identifying potential entry and exit points in the market, providing traders with a structured approach to trading.
With all the cool stuff you've learned from our guide on price action and patterns, you'll be ready to tackle the twists and turns of the financial world like a pro! It doesn't matter if you're just starting out or you've been at it for a while, getting the hang of these basic ideas is super important for making good trades and winning big. So, go ahead and dive in! Happy trading, everyone!
#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.