Everyday with one Equity Intraday Profitable Idea:-SBILIFESBILIFE Breakout in the daily timeframe. but it should consolidate in a smaller timeframe. That's why I have drawn two imaginary expected paths of SBILIFE.
Buying area is 1148 to 50. SL 15 points. Target-1164,1170
or you can buy above 1162 for the target of 1172. In this case, the target is very small but the target can be achieved very fast.
Equityanalysis
Today's pick :-DALMIASUGDALMIASUG buy above 547. It must be sustained above 545. As there is a daily breakout in DALMIASUG, You will get enough time to enter. Don't be in a hurry. Take position after proper break out as 545 is resistance.
Target 550,555,560,570
SL 535
If it gaps up then wait for retest then take entry.
Wishing you a profitable day.
NVDV Important Levels To WatchLet's see how NVDA reacts to the support and resistance zones shown. It's currently struggling to move above the current resistance zone but if that breaks we can expect a move to the next resistance shown above in turquoise.
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This is not financial advice. This is for educational purposes only.
Fundamental and technical analysis of ''American nightmare''...Fundamental analysis
1. Valuation: The company is expensive based on almost all valuation metrics such as PE or PS, however the guru focus model estimates that the company is ‘’fairly valued’’, while the 2 stage free cash flow model estimates that the fair value of AMZN share price should be around $5,500.
2. Growth: $AMZN remains a solid growth story. Analytics at wall street forecast both earnings and revenue to grow at a double digit pace in the upcoming years.
3. Profitability: The profitability metrics of the company are good. In addition $AMZN is extremely cash rich and the CAPEX/Sales ratio (12.43%) is well above sector median (2.42%).
4.Financial position: Excellent. Debt and interest payments are well covered.
5. ESG rating: BBB or average. There is definitely some room for improvement in this space.
6. Dividend & Buyback: $AMZN is not paying dividends to its’ shareholders and doesn’t repurchases its’ common stock at the moment.
Technical analysis:
The stock remains in the uptrend and finally the share price broke above 2900-3500 consolidation zone. Bulls will be very supportive at around 3350-3500 price in my opinion.
SPX readySPX has given 2 strong reactions at the support level at 4300. I was expecting this, although FUD was hovering in the news, the gov wouldn't let the market fall...yet. New bill infrastructure and the debt ceiling readjustment SPX will be free to hit another all-time high. This one was a little shakeout, a warning sign. The SPX has painted a beautiful double bottom and I expect the index to find resistance at 4440 before taking off for the new ATH. This exhaustion move was a good buying opportunity. 4630 is my short term target
Significant CorrelationThe strength of the Chinese Yuan and equity markets appears to be correlated due to the Chinese's increased trade presence and credit expansion. If price action continues to push below the 200 day EMA we could be likely looking at a bear market.
Could the dollar milkshake theory prove to be correct?
Only time will tell. (Dramatic music engage)
SADHBHAV : Stock In Consolidation.The stock is consolidating at these levels. We are awaiting the MACD cross-overs. And if that happens we can see the recovery, else EXIT is the best option we see.
Disclaimer:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
K-Shaped Recoverymany people still thinks we're in a V-Shape recovery , but it's a K-Shaped recovery in progress right now.
which is one of last thing you want to see in a major economy.
dumb money goes into many worthless tech companies and spike their market caps at unbeliavable levels. (just like before 2000 dotcom bust)
on the otherside industrial sectors are not showing any robust recovery signs.
from this perspective this market is totally unstable now and crash is inevitable.
SUNS CAPITALSUNS CAPITAL is a private equity firm.
Based solely on the technicals, I will wait for it to decline till it's support before going long. Based on RSI, it seems to be declining. Will wait for a reversal before going long.
Based on the fundamental analysis, I guess its still pretty average (yet to compare against industry average).
ST Nifty BreakoutMajor Points:-
1. Another classic breakout after a short consolidation.
2. Long term uptrend intact.
3. Let's see Nifty could consolidate above 20 days MA and not break 200 days MA.
4. Bank nifty is clearly exhausted. Now the Metals and pharma are helping the nifty.
5. Nasdaq and S&P really consolidating for another breakout. Upside or downside we could see next week.
Good Day.
SPX (S&P) - Sell time? Possibly..could be time to de-risk...!
I was overal bullish when it comes to equities - However, when things start to look a little over extended it's when I start to take positions off (De-risking) and I start to think of opportunities of - perhaps sell opportunity and where could be the next pull back for me to add a position on.
With trading you can create a lot of opportunities even with just trading very few pairs - You could do the intra-day trade idea. Simply looking at smaller time frames for what your plan my execute you to do - such as looking at MACD/RSI divergence, Fibonacci or certain other tools you may use for further confirmation. (Remember: There is not one set way of trading - and that's what makes it fun!) or scalp on very low time frames. Again - use what you've created on your trade plan.
Technical wise: Looks like to be forming a bear flag - lower support level areas are between: 3086-2963. Resistance areas: 3339-3402.
Fundamental wise: Further stimulus from USA Could be implemented again 5th cheque. (Exp - Monday)
Below that trend-line channel up - bears could be getting in control...!
Just a trade idea, not a recommendation.
Have a great week ahead.
RTY at HTF Supply - Could lead to drop in EquitiesRTY is the only Equity market that currently has supply zones. Its just reached a HTF Supply on the Daily chart. This means we could start to see pull backs in ALL Equity markets, as the Russell tends to lead the pack. This also correlates with the VIX being at demand which is an inverse market. See my VIX analysis on my profile. I'll be watching NQ and ES very closely for the next few days to capitalize on a pull back to demand.
This is why the SPX is overdue for at least a 2.50% pullbackThe equity markets in the US have been moving really well through highs like its nobody's business, however as they continuously progress the moves get shorter and the pullbacks non-existent. Recent a 1.5-2 year wedge in formation was broken to the upside which indicates a bull trend continuation. Usually, the pop above the broken resistance will revert at least temporarily to the broken level before moving higher. This isn't a crash and recession call to all-time lows rather an opportunity to identify a potential retrace before a larger pop.
The facts are, the volume on this whole break higher has been terribly low, no one wants to buy a market at all-time highs and no one wants to sell because they want more profit.
Its been 2 months with just 1 red week and that red week was insignificant. The pullback brings the price down to the wedge break and previous highs at least 2.50% lower than the price right now. From there, there will be 2 catalysts that bring price higher.
1. A lot of big money is waiting for an "in" on the long side of the market and when deemed cheap enough will bid up the market by strong buying.
2. The Fed is still pumping A LOT of money into the economy at abysmally low rates.
VMW - Potential Short Opportunity Trade Overview
Profit Target = 50% fib retrace (around $142)
Exit signal = Close trade if price closes above $155
Rationale:
- VMW in triangle consolidation pattern (possible continuation pattern)
- Price resistance at $155 (hence using a close above this point as the exit signal)
- Failure to breakout of 1 ATR channel
- Moving averages clearly indicating a downtrend in place
- Overall tech sector is also showing signs of weakness
SHORT SPX Approaching Resistance, Prepare For A Reversal
SPX is approaching its resistance at 2882.8(61.8% Fibonacci extension , 61.8% Fibonacci retracement , horizontal swing high resistance) where it is expected to reverse down to its support at 0.9319(38.2% Fibonacci retracement , 100% Fibonacci extension , horizontal swing low
support).
SHORT SHORT CAC40 approaching resistance, potential drop!CAC40 is approaching our first resistance at 5184.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4950(38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension )
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
SHORT S&P approaching resistance, potential drop!S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support)
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
S&P approaching resistance, potential drop!S&P is approaching our first resistance at 2797.60 (horizontal overlap resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 2631.22 (38.2% Fibonacci retracement , Horizontal swing low support)
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
S&P approaching support, potential bounce!S&P is approaching our first support at 2687.75 (horizontal overlap support, 100% Fibonacci extension , 38.2% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 2790.51 (76.4% Fibonacci retracement , 100% Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is approaching support and we might see a corresponding bounce in price above this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Nasdaq 100 approaching support, potential bounce!Nasdaq 100 index is approaching our first support at 6805.92(horizontal overlap support, 100% Fibonacci extension , 23.6% Fibonacci retracement ) where a strong bounce might occur above this level pushing price up to our major resistance at 7030
12 (61.8% Fibonacci retracement , 61.8% Fibonacci extension, horizontal swing high resistance). Stochastic (21,5,3) is approaching support and we might see a corresponding bounce in price above this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.