EURUSD I Daily Chart Analysis & How to Trade It This WeekWelcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Fundamentalanalsysis
Technical | Fundamental | EmotionalOANDA:XAUUSD
FOREXCOM:XAUUSD
FXOPEN:XAUUSD
PEPPERSTONE:XAUUSD
EIGHTCAP:XAUUSD
SAXO:XAUUSD
Market moves on zig zag not straight Up
A correction is a must
Technical :
Support :
-1830
-1810
Resistance :
-1870
-1890
Fibonacci / Important Levels :
50.0 : 1785
61.8 : 1747
Fundamental :
-The whole move was caused by USD (Unemployment Data)
-DXY Dumped (it needed a correction anyway)
-It pumped more than expected (Manipulation / SL Hunt / Liquidation / Fear)
-It Broke Trend line (if it stays there above the trend line for 2 Days till 14/March then the trend is confirmed (Bullish)
Emotional :
-Greed | Euphoric / Bulls
-Sellers Fear / Bears
-Hope / Bears
-Ego /Bulls
Keep An eye :
-14 March CPI Data
-15 March PPI
A Dump is possible by 14 March/Tuesday (CPI)
This idea is invalidated If (Gold Stays above trend line 1840+ Until Wednesday 15/March)
*This is not an financial advice (Please make sure to follow your own Analysis)
*If you believe the idea is good show some support to keep me motivated for more ideas
DOLLAR dxyLETS start to buy dollar by today.
reasons:
1.Fed testifies that unemployment rate gonna increase.
2.Fed is gonna continuing increase the interest rate.
3.Inflation still high and way far from Fed's target 2.
4.NFT came last month high rate 517K and its highest data until last year June.
5.Today we have NFP data and might be bullish dollar again and even if not I am still bullish pn dollar and
i will look some other support levels to buy.
Technical | Fundamental | Emotional | DataBINANCE:BTCUSDT
COINBASE:BTCUSDT
BITSTAMP:BTCUSD
COINBASE:BTCUSD
INDEX:BTCUSD
BYBIT:BTCUSDT.P
INDEX:BTCUSD
Market moves on Zig-Zag
Those who think it will keep going lower straight without retracement they are wrong (Sideway is possible)
Fundamental :
-Coinbase Sells (SilkRoad BTC Dumping)
-Tax
-KuCoin Fud
-Binance Fud
FUNDAMENTAL = Bearish (But things can change quickly)
Technical :
Retracement :
20,800
Resistance :
21,400
Support :
19,000
Emotional :
-Market is full of fear and the majority is bearish
-Panic
-Bias
Data :
-Huge liquidity at 18K
-90% Longs Liquidated
-Interests are negative
Keep an Eye :
-March 14th (Tuesday) CPI
-Mtgox BTC (April)
-ES / SPX
ASTR, is it Worth it?I am wondering if price will be able to push higher in 2025 or even make it until then. I like this stock because of the government contracts it has and it is a newer company. But it has a long way to go and with the interest rate hikes and the potential for a recession, price may keep pushing lower. But I am thinking space stocks are going to make the fore front in 2025 and this year will show which ones are strong enough to sustain. For now, I'll hold onto my positions and see what price does. If price moves against me greatly or this stock goes belly up, I am find with it.
On The 1.60 level is holding on the GBP/CAD, but for how long?Price on GBP/CAD is pushing a little lower, but is still trading above the 1.60 level. The GBP/USD was able to break lower, below the 1.20 support and was able to hold. It is only a matter of time before the GBP/CAD breaks lower and I still think price is going to be able to do that. It will take about 6 months for this to happen, but in the meantime if price just stagnates, that would be great (I have a trade on this pair).
Will the NZDUSD be able to hit the 0.70 lvl this Year?This pair is one of my top focuses for this year and I almost let it slip by. After conducting my R/A this weekend I came to find out that the New Zealand economy might start over heating and the RBNZ is possibly going to be in a position to keep rising rates. The RBNZ is looking to raise rates to around 5.5% (at least that is what is projected). The data on New Zealand is:
Annual GDP: 6.4% and ranging
Unemployment: 3.4% and declining
Wage Growth: 4.3% and rising
Inflation Rate: 7.2% and rising
Industrial Production: 16.1% and rising
Manufacturing PMI: 50.8 and ranging
Retail Sales: -4% and declining
Housing Index: 186.2791 and declining
The technicals are also showing a double bottom and a descending wedge which adds to the probability that price might push higher.
Sentiment is also pushing more towards neutral for the USD as there are starting to be increased talks about the FED slowing down on interest rate hikes and being more dovish.
The Fundamentals, Technicals, and Sentiment are lining up which push my conviction lvl around the 60% lvl which got me to start planning on how to build a decent position on this pair. I have a position on this pair already at 10k (I am look to build to a standard lot for now).
This is what I am look at. If price stays above the 0.60 lvl, then it is highly likely that price will push higher. If price pushes below the 0.60 lvl by the end of March, then I don't think I am wrong, but I would think that I was too early. I would take my loss and retrograde for now and then come back in. My objective is to build a position up on the NZD before the 0.65 lvl (possibly around the 0.63 lvl, if lower, that would be ideal). If I am able to get into a full position before the 0.65 lvl, see price push higher to 0.68, and place a stop around the 0.65 lvl, I would be in a good spot to just hold onto the NZD and see if it pushes up higher.
If this doesn't work, like always, back to the drawing board to update my plan accordingly. But I think this is a high probability trade that will last for a while.
Like always, these are my thoughts and this is how I trade. Please come up with you own plans and ideas and ways to trade. This can be extremely risky and with the uncertainty in the markets, I could potentially blow up my account if I am not careful. Y'all have some great trading out there.
NFP week and -0.10% Japan interest rate thoughtsJapan interest rate is at -0.1% vs UK interest rate 4%
Where will large funds being swinging to, for better yields?
Is there a possibility that an investor from Japan borrows money from local bank at very low interest rates, invest it in foreign asset classes for profiteering purposes?
What will happen to the desirability of Japanese Yen vs other G7 currencies with higher interest rates e.g. Europe, USA, Canada, Switzerland, Australia & New Zealand?
Technical wise, beautiful consolidation taking place above H1 Imbalance, slowly creating bullish structure. Guess what will likely transpire this/next week?
Having said that, several US high impact news this week and NFP Friday. Its going to get rough and wild.
By Sifu Steve @ XeroAcademy
EURJPY, Double Top Bearish Price actionEURJPY has been shaping up for a big sell opportunity as we can see price was rising within an ascending channel which impulsively broke downward forming a bearish correction. Double tops have been confirmed indicating more downside is possible.
As we see many different target levels that price could test, it may take weeks for this sell to make its way all down.
Take your profits as the market gives you, ensure proper risk management and exit criteria is implemented.
Thanks
Trade Safe
European Gas March 2023: Bullish and Bearish FactorsThe idea has two parts: fundamental and technical analysis . The latter is based on the weekly chart.
On the fundamental side , several essential and minor factors affect and could affect March 2023 price change. Let's divide them into three groups.
Bullish :
Russian shutdown of gas supply to Europe
Russia has cut its European flows for the last months so that a total shutdown would be possible. Russian gas remains crucial for the European economy despite the American armada of LNG ships.
Freeport LNG plant Restart Shift
The company plans to restore the plant in January 2023. A possible postponement would support TTF prices in the winter season.
Limitations of US Gas Exports
Last winter, some US Senate members suggested limiting or prohibiting US LNG export. They estimated that the change would increase US gas supply for the internal US market, especially for New England, which is dependent on the import of gas from the gas-production states getting gas via pipelines and LNG. They said the prohibition would reduce high gas prices for customers and industry. In July, LNG winter 2023 prices for New England touched a record high of $40/MMBtu, while Henry Hub traded at about $8.6/MMBtu. I suppose that senators would return to the idea, especially since the US elections are in November. Although the risk is low, its realization could dramatically affect the TTF price assessment. Analysts and think tanks have considered possible Russian gas cuts but haven't accessed a potential US gas supply reduction.
French Nuclear Plants Outages
Since the end of 2021, the French nuclear industry has been weak with planned and unplanned maintenance. As a result, nuclear output has lost more than 40% YoY of its output. While serious issues are unlikely to arise, new minor obstacles could buoy TTF prices.
Dry Summer
The continuation of the European 2022 dry summer led to abbreviated hydropower production. On the back of hydropower reduction, natural gas-power generation increases its output and gas consumption, driving subdued gas injection into storage facilities. Subdued gas injection in summer means less gas for winter, creating a possible gas deficit.
Bearish:
Slowing European Economy and Demand Destruction
High inflation induced by the monetary policy of 2020-2021 provokes a decline in real incomes and makes some industrial production unprofitable or near break-even. These debilitate aggregate demand, particularly industrial output of fertilizers, ceramics, and other chemicals. Industries that are heavily reliant on gas are cutting their gas consumption today. Lasting historically high gas prices would promote a decrease in gas utilization. The demand destruction could happen among all consumers: power, industrial and individual. A new recession is near. ECB monetary policy with a growing rate also adds problems to the economy. The rate is still tiny, but debt bubbles are sensitive to interest rate change. The bust of bubbles would drop economic growth and curtail gas demand pushing TTF prices down.
Slowing world economy
The world economy suffers from high prices losing economic growth momentum. A move into a recession would trigger a decline in gas consumption lowering LNG gas prices and letting LNG producers increase LNG sendout to Europe.
Voluntary Demand Reductions of 15% and Gas Rationing
Energy ministers of Europe adopted plans to voluntarily cut gas demand by 15% from August until March 31, 2022. In case of emergency, like near zero Russian flows, the voluntary reduction changes to mandatory. i.e., gas rationing. The actions could divert rising prices.
Covid Lockdowns in Europe
Europe has prepared different measures to withstand possible gas issues in winter. Besides voluntary reduction or rationing Europe could return to the lockdowns of 2020, when gas consumption dramatically went down because industrial production of goods collapsed. Since June 2022, the media has published news about a new variant of Covid. Countries could impose Covid-related limitations this fall. Unstable gas consumption and gas shortage would drive for a Covid or climate lockdown. A good measure to cut gas demand and destroy the economy.
Covid Lockdowns in China
Despite possible lockdowns of 2022-2023 in Europe, lockdowns in China happened in the last months and could be imposed again. An effect of prohibitions has hit the Chinese economy and cut gas consumption resulting in freeing up the supply for other consumers, i.e., Europe. New Chinese lockdowns would mean more gas for Europe.
Joker :
The joker that could be a bullish or bearish driver is the weather. They can't predict winter weather today. Lasting temperatures above season norms in winter could be a lifesaver for Europe, dropping gas consumption and its prices. Cold spells and lingering temperatures under the winter season average would lift prices significantly. Near-average temperatures would put the significance of the factor on hold. While in summer, it is vice versa. Temperatures above the norms slow gas storage injection and slightly increase a lack of gas risk in the winter season.
On the technical side , there are no resistance levels cause the contract is traded near its record high. Only psychological levels like €200/MWh , €300/MWh , and higher. On the bulls' side, there are many support levels. For those practicing buy a bounce trading , essential levels are €125/MWh , €100/MWh , and €86/MWh . The last one developed in the December 2021-April 2022 period. I estimate that Gazprom made a significant contribution to its existence. Gazprom's export price to Europe, which was pegged to a fusion of lagged prices of fossil fuels, including TTF, was near to €86/MWh . So when the market price rose significantly above the level, market participants cut their demand because Gazprom sold cheaper. When the price tried to break through €86/MWh and went down, Gazprom trimmed its flows to Europe. All in all, this helped the company to control its revenues on the same level. Since then, it has not been the case because Gazprom has changed its approach.
Finally, I am afraid to forecast the price on the expiration date. I suppose the price would remain volatile, and we could see spikes above €200/MWh in the winter season.
Thank you for your reading, and have profitable trading! Comment your thoughts!
The Bubble Obituary The Fundamentals
- Many investor favorites in the late 1960s & early 1970s were companies such as IBM, Xerox, and Disney which enjoyed PEs of over 35 in the nifty fifty bubble. In this latest stock market bubble, there were dozens of mid & large cap companies trading at over 10x revenues. Many unprofitable businesses even garnered over 6x Price/Sales ratios at the peak in 2021! The US stock market is extremely overvalued relative to historical valuation averages. Conservative earnings expectations for 2023 would place earnings dropping 10%-20% this year, in-line with mild recessions. The problem with mild forecasts is that the current recession gives no indication that it will be mild. GAAP Earnings for Q4 2022, excluding energy, are down over 8% YoY with companies issuing even gloomier forecasts for 2023. Earnings are likely to fall at least 33% from peak to trough using an average of the last 4 US recessions.
- The subprime auto bubble is popping, with dealerships and lenders heavily exposed to subprime loans beginning to default. American Car Center, a subprime lender and auto dealer, recently closed its doors, highlighting the mounting pressures the industry faces. More defaults and business closures should be expected as interest rates stay high, vehicles fall in price, and car loan deliquinces rise. Subprime auto loan delinquencies are extremely high relative to their historical average even before unemployment has began rising precipitously.
- Layoffs have spread to every sector of the economy, as evidenced by 2022 Q4 conference calls. The decrease in consumer spending globally is leading to lower exports and imports globally. High interest rates are decreasing business activity and profit margins are falling due to inflation & weakening productivity. The business cycle has turned and every sector of the economy is entering cost-cutting mode. These are all reasons for layoffs continuing in increasing volumes throughout 2023.
- The US housing bubble is imploding. Sales volumes have declined over 35% from the peak. Mortgage purchase applications are the lowest they’ve been in over 25 years. Using data going back to 1952 from the University of Michigan, consumer sentiment surveys indicate that this is one of the worst times ever to buy a home. Home price declines are occurring nationwide. High office vacancy rates & high interest rates are leading to large bankruptcies in the commercial property market as well. This is already very acute in the mall segment of the commercial property sector.
- The FED has been raising interest rates within an economic contraction which has historically always magnified economic downturns. The FED typically tries to raise interest rates in the early - middle stages of economic expansion, pause their hikes as the economic cycle matures, and begin cutting rates when the economy begins declining. In this latest hiking cycle, the FED waited until the economy began contracting before quantitative tightening and interest rate hikes even began!
- America has one of the highest Private & Public Debt to GDP ratios in US History. The only other similar levels of debt in American History in the past hundred years were in the late 1920s & late 2000s. The economic contractions that followed were especially severe because of the high levels of malinvestment and debt which were deleveraged in those contractions. The level of malinvestment engendered by the FED’s suppression of interest rates in the 2009-2022 business cycle created one of the largest credit bubbles in history. Over 22% of the Russell 2000 are unprofitable and over 20% of the S&P500 are zombie companies. Many of the IPOs since 2017 (and especially since 2020) were/are unprofitable and are beginning to run into funding issues. This economic contraction is likely to eventually be classified as depression due to the continued declines in business activity and living standards for years.
The Technicals & Correlations
- Healthcare, Industrials, Consumer Staples, and Utilities have all underperformed since December 2022. Inflows and buying from large money seems to have mostly dried up and retail investor inflows, short covering, and call buying are making up a much larger portion of the market than is typical. This led to a bounce back rally in Financials, Technology, Real Estate, and consumer discretionary stocks which also began topping out in late January. In late February 2023, all sectors of the market have topped out, show falling underlying momentum, and are trading at very weak volumes. This is a similar pattern that played out prior to the march 2020 crash, where many Industrials, Staples, Healthcare, and Utility stocks peaked out prior to January 18th, 2020; whereas many overvalued & unprofitable stocks didn’t peak until February 21, 2020.
- Stock markets globally have peaked and are in the process of finishing their topping formations. Topping patterns began showing up as early as November / December 2022. Downside momentum is picking up now that interest rates globally are also beginning to breakout. The positive correlation between bonds and stocks has continued to remain strong since late 2021.
- Commodities peaked in the first half of 2022 as price inflation continued rising and economic activity was still high. Commodities enjoyed a large bounce in Fall 2022 as financial conditions eased due to the bear market rally in stock & bond prices. Commodities have been exceptionally weak thus far in 2023, which is another negative signal for stock markets & business activity globally.
- The bankruptcies of FTX & the Genesis lending desk, as well as increasing regulatory oversight, have continued to pressure crypto. With interest rates moving higher and the economy falling further, the speculative bubble that is crypto will collapse, likely back to being under 100B market cap for the total market with many altcoins going to zero and bitcoin dropping below 10K. Crypto has been a leading indicator for the market ever since their correlation began tightening in late 2020. The confirmed false breakouts and breakdowns all over the crypto sector are a negative forward signal for the stock market.
- Total margin debt outstanding is still at an extremely elevated level. In real terms, margin debts outstanding are at comparable levels prior to the October 2008 crash & March 2020 crash. Insider selling is at the highest point that it has been in the entire bear market.
The US dollar index’s negative correlation to the stock market was strong in 2021 but it became very pronounced in 2022. The US dollar’s rise against almost every other currency around the world since February 2nd is yet another negative leading signal to stocks.
-Alexander Lambert
I study over 30 countries’ markets and economic data releases. I also track the daily movements of over 750 companies and 15 different sector indexes. I have spent a tremendous amount of time on historical & economic research, as well as technical and fundamental analysis. I have been doing this for over 3 years and I generally spend between 65-80 hours a week on my work. Thank you for reading!
What should I look at in the Income Statement?The famous value investor, Mohnish Pabrai , said in one of his lectures that when he visited Warren Buffett, he noticed a huge handbook with the financial statements of thousands of public companies. It's a very dull reading, isn't it? Indeed, if you focus on every statement item - you'll waste a lot of time and sooner or later fall asleep. However, if you look at the large volumes of information from the perspective of an intelligent investor, you can find great interest in the process. It is wise to identify for yourself the most important statement items and monitor them in retrospect (from quarter to quarter).
In previous posts, we've broken down the major items on the Income statement and the EPS metric:
Part 1: The Income statement: the place where profit lives
Part 2: My precious-s-s-s EPS
Let's now highlight the items that interest me first. These are:
- Total revenue
The growth of revenue shows that the company is doing a good job of marketing the product, it is in high demand, and the business is increasing its scale.
- Gross profit
This profit is identical to the concept of margin. Therefore, an increase in gross profit indicates an increase in the margin of the business, i.e. its profitability.
- Operating expenses
This item is a good demonstration of how the management team is dealing with cost reductions. If operating expenses are relatively low and decreasing while revenue is increasing, that's terrific work by management, and you can give it top marks.
- Interest expense
Interest on debts should not consume a company's profits, otherwise, it will not work for the shareholders, but for the banks. Therefore, this item should also be closely monitored.
- Net income
It's simple here. If a company does not make a profit for its shareholders, they will dump its shares*.
*Now, of course, you can dispute with me and give the example of, let's say, Tesla shares. There was a time when they were rising, even when the company was making losses. Indeed, Elon Musk's charisma and grand plans did the trick - investors bought the company's stock at any price. You could say that our partner Mr. Market was truly crazy at the time. I'm sure you can find quite a few such examples. All such cases exist because investors believe in future profits and don't see current ones. However, it is important to remember that sooner or later Mr. Market sobers up, the hype around the company goes away, and its losses stay with you.
- EPS Diluted
You could say it's the money the company earns per common share.
So, I'm finishing up a series of posts related to the Income statement. This statement shows how much the company earns and how much it spends over a period (quarter or year). We've also identified the items that you should definitely watch out for in this report.
That's all for today. In the next post, we will break down the last of the three financial statements of a public company - the Cash Flow Statement.
Goodbye and see you later!
BTC Technical | Fundamental | Statistics | Emotional AnalysisBITSTAMP:BTCUSD
COINBASE:BTCUSD
INDEX:BTCUSD
BITFINEX:BTCUSD
BINANCE:BTCUSD
KRAKEN:BTCUSD
BINANCE:BTCUSDT
KUCOIN:BTCUSDT
OKX:BTCUSDT
COINBASE:BTCUSDT
Technical Analysis :
We are currently at wave 5
After we finish wave 5 the ABC starts
The Trend is up (We wanna make sure that we have a proper risk management when we start this position)
Strong Resistance at 25300$-25500$ (We had 2 waterfalls in the past at this resistance)
Fib Levels :
23.6 : 22700$
38.2 : 21300$
50 : 20200$
61.8 : 19100$
Breaking 24200$-23800$ Confirms This “IDEA”
Fundamental Analysis :
-DXY is going Up with BTC which surprised a lot of traders
(maybe the reason Behind this PUMP is Binance USD (BUSD|USDC) Coinbase USD we saw millions of dollars minted by them)
-Today we have USD PPI/Job claims data released (16th FEB)
-BUSD FUD news is in the corner it seems that we have a battle between Coinbase and Binance
(Paxos seems in trouble)
Data/Statistics :
-At The moment Longs are more than shorts we could see more short liquidation at 25300$
-15B$ Liquidation at 25300$ (Shorts)
-20B$+ Liquidation at 20800$ (Longs)
Emotions Analysis :
-Bears are in disbelief
-Bulls are in profit maybe (euphoria) soon ….
-Fear greed index is at (Greed)
Thank you for reading maybe I update this idea in future I hope it helps some traders out there <3
*This is not an financial advice make sure to follow your own personal Ideas/Plans
If you believe this idea is useful make sure to support it for more ideas in future
Best of luck to Bears & Bulls
NZDUSD ELLIOT WAVE BREAKDOWN [FINAL DROP]Currently, Wave 2 is almost coming to a completion and it conatains three waves (ABC corrective wave) but by the look of the whole structure, it happens it be a flat correction. Wave C which carries 5 waves (12345 waves) is at its last wave also which is the fifth final wave. WIll be looking for buying opportunities when is see some rejections off the end of the last fifth wave at 0.61900 price level.
GBPUSD Update I Approaching execution zoneWelcome back! Let me know your thoughts in the comments!
**GBPUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Breaking Down the FX Market: What You Need to Know Get ready for a packed week of Forex analysis, traders! We're diving into the charts with a focus on the dollar, pound, and euro. But that's just the start - we're also keeping an eye on earnings from big names like Apple, Amazon, and Google. We'll take a look at a few charts on our watchlist and break down both technical and fundamental analysis. This week, we're paying special attention to central bank rate hikes with the ECB, BOE, and FED all in play. With the possibility of rate hikes and NFP on the horizon, it's important to stay ahead of the game. Follow our analysis and insights to make the most of this exciting week! Good luck and let's hit those charts!
GJ - 1 Hr Projection and AnalysisI am leaning towards more of a bullish projection but I'm not sure yet it's too early to tell and I do not trade on Mondays.
It looks so indecisive at the moment, so I need to wait for price to break out and show me what it wants to do. Don't forget we are stuck in choppy and unclear behavior at the moment, especially on the higher Tfs, so I am not looking to force any trades. I need clear and concise price action and behavior before i even think about putting my capital at risk.
For me to take a trade i have pointed out what I would like price to do as that would give me the best position possible for buys.
If it does not retrace back to my Point of interest i will not be trading it this week or at all until it gives me something significant to work off.
I honestly just used to force trades for the sake of it and I also felt like if I wasn't actively taking trades, it meant I wasn't that i wasn't 'working' - but boy was I proven wrong. You should never over-trade or force trades if you are not 110% convinced it has a high probability or working out according to your strategy or trading plan because 9 times out of 10, it will hit your stop loss or blow your account.
So just remember if your pair/s are not giving you enough confirmations or are abiding by your trading plan/strategy - do not trade them because you WILL lose your money. Your trading plan is there to protect and guide you.
Once again - this is just what I would personally like from GJ this week and if it doesn't give me what I want I will trade AJ or not trade at all until i am satisfied with the market conditions for either or each pair :)
GJ - DAILY PROJECTION + ANALYSISFor me to enter i would need GJ to come down and hit the current fib and 158.500 or 157.500 to buy it up.
At 164.500 I'll need to assess what price wants to do to there because it can drop from there or it can retrace temporarily and fake everyone into selling at that fib only to continue bullish and raid everyone's stop losses. (I would if I was a bank)
This is probably my 1st choice of outcome as it just screams pure evil and hedge funds. Now as you can see - there are 2 bullish options and they both just depend on the depth of the retracement at the fib.
Basically, it depends on how pissed off the banks are on a Monday morning (today). If they feel like running everyone out of the market, they will flood the market and cause that deep retracement at about 156.500 or 157.500 or lower and THEN continue bullish.
Or they will only cause a shallow liquidity raid and let some of us live at roughly 162.500 or slightly lower and then continue bullish.
Remember - whatever I say here is not verbatim.
ANYTHING and everything can happen. I am always re assessing and readjusting my analysis's - as some of my projections will change mid-week and I'll then have a new projection depending on how price plays out and also depending on this week's news as there's a lot. (I don't trade news)
I will say this again and again - you MUST adapt to the market. Just because your projection at the beginning of the week says one thing it doesn't mean you need to stick to it just to prove to everyone on trading view and on your Instagram that you are 'right'. You will end up losing all your money and end up deleting your insta and blocking everyone.
During the week, if your analysis plays out differently to your Sunday projection so be it! Who cares if your wrong? Change it and adapt to the market conditions and be confident.
That is the difference between professional and amateur traders. There is no shame in being wrong in your analysis. What's wrong is being stubborn and wanting to always be right just to prove a point. The market doesn't give a f*ck if you are right or wrong it will just eliminate you with everyone else. The traders who adapt and evolve with the market conditions are the ones that make it and thrive. The sooner you can do that, the sooner you will make money consistently. :)
Dixon Tech The company has 18 Manufacturing units spread across the nation and they offer complete solutions to its customers from the Manufacturing and designing to assembly and delivery support across all the verticals.
In FY22, the Co. has incurred a capex of Rs. 417 Crore. It believes that the annual business capex will likely continue to be in the vicinity of Rs. 300 to Rs. 320 Crore for FY 22-23 relating to expansion of capacities across existing verticals & diversifying into new verticals linked to the core of electronics; backward integration, PLI related capex & development of state of art infrastructure.
The Co. received 5 approvals under the PLI scheme of GOI including that for manufacturing of Mobile, Telecom & Networking Products, IT Hardware, Air Conditioners and LED Lighting, which is likely to redefine its revenue model.
and RSI indicates the buy zone today and stock making amazing revenue and profit also and it is a fundamental strong company.
AUDCAD I Potential fall to support following BOC Rate StatementWelcome back! Let me know your thoughts in the comments!
**AUDCAD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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Hindustan Copper (HINDCOPPER)I think this stock will be a multi bagger stock because due to increasing demand of copper for EV's and cables and many other uses of the copper and it is government holding and biggest player in copper of India.
DISCLAIMER - IT'S MY STUDY PONTS NOT ANY RECOMMENDATION. THIS IS ONLY FOR STUDY PURPOSE.
#stockanalysis #governmentstock