EUR/USD Daily Chart Analysis For Week of Dec 29, 2023Technical Analysis and Outlook:
The Eurodollar has experienced a notable price jump during this week's trading session, surpassing our Inner Currency Rally level of 1.109. The current price movement indicates that the Eurodollar will likely decline to the newly established Mean Support of 1.100 and potentially to the Mean Support of 1.094. On the other hand, the Eurodollar will inevitably rise to retest Mean Resistance 1.113.
Investing
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 29, 2023Technical Analysis and Outlook:
During this week's trading sessions, Bitcoin has continuously traded within a Mean Res 44100 and Mean Support range of 41200. This indicates that Bitcoin is not yet ready to break through the completed Outer Coin Rally of 44500 and proceed to higher levels.
UNION BANK LOOKING GOOD TO BUY - LONG TERM INVESTMENT CUP PATTERN
Entry Price - 100
SL - 80
Targets - 120,140,170
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NMDC Target 1 Reached This NMDC strategy i'm already posted but its hidden due to some TradingView House Rules Violation Please Note this
" INVERSE HEAD & SHOULDER PATTERN BREAKOUT "
Entry Level - 130
Stop Loss - 115
Targets - 145,156,164
Breakout Happened on Sep 1st With good volume
FUNDAMENTALS OF NMDC
Market Cap - ₹ 38,307 Cr.
Current Price - ₹ 130
Stock P/E - 7.74
Dividend Yield - 5.06 %
ROCE - 30.2 %
ROE - 23.0 %
Face Value - ₹ 1.00
PROS
Company has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
Company has been maintaining a healthy dividend payout of 38.9%
CONS
The company has delivered a poor sales growth of 8.75% over past five years.
Earnings include an other income of Rs.2,153 Cr.
Promoter holding has decreased over last 3 years: -8.86%
Working capital days have increased from 58.6 days to 102 days
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HINDALCO - LONG TERM ANALYSISHINDALCO is moving in a SYMMETRICAL TRIANGLE
A good opportunity in HINDALCO either we for long / short by seeing the break out accordingly...
For the time being wait and watch.
Follow the levels, I have given above chart
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INDIAN BANK multiyear breakout attempt Indian Bank attempted the multiyear breakout at the level of 430-390. At this level indian bank attempted a breakout on monthly chart and than comes in a consolidation. Formed Doji & Shooting Star which symbols a consolidation within a range.
Further stock needs to give breakout and close above the previous two months levels i.e 460.
Volume spark and than consolidation while being in a up trend shows a slow accumulation in a stock.
Re-Test level is 380-390
📈 Solana Shows Strength with 8% Weekly Gain Despite Correction!Solana (SOL) has exhibited notable strength in the cryptocurrency market, recording an 8% gain for the week. However, the cryptocurrency faced a correction after reaching a three-digit valuation. Here are the key details:
Market Performance:
Weekly Gain: SOL managed to secure an 8% gain over the course of the week, indicating ongoing strength in its market performance.
Correction from Three-Digit Valuation: After reaching a valuation in the three-digit range, SOL experienced a correction. The psychological resistance posed by this level attracted profit-taking and selling pressure.
Technical Outlook:
Uptrend and Support Levels: As long as the uptrend remains intact, bulls maintain an advantage. SOL has established good support levels at $74 - $78, contributing to its overall bullish bias.
Resistance Levels: Strong resistance is observed at $118 - $123, highlighting the price levels where sellers may be active.
The ability of SOL to maintain its uptrend and hold above key support levels, particularly $100, will be crucial for sustaining a bullish bias.
🚀💹 Binance Coin (BNB) Awakens with 18% Weekly Surge! 🌐🔥Binance Coin (BNB) has experienced a notable resurgence, surging over 18% and reaching a price level exceeding $300. This bullish momentum has propelled BNB to new local highs and is reviving optimism in the cryptocurrency, particularly after facing challenges from regulatory concerns in the United States. Here are the key details:
Market Performance:
Price Surge: BNB has recorded an impressive 18% price increase over the week, demonstrating a strong bullish reversal.
New Local Highs: The cryptocurrency has achieved new local highs, marking a positive shift in its price trajectory.
Resilience Amid Regulatory Challenges: Despite facing challenges related to regulatory scrutiny in the U.S., BNB has shown resilience and regained positive momentum.
Technical Outlook:
The current resistance is identified at $350, and a successful break above this level could pave the way for BNB to attain new yearly highs.
The bullish reversal is surprising and brings renewed optimism to BNB, signaling a potential turnaround in its market sentiment.
BNB LONG OPPORTUNITYthis is how I look at the setup for long BNB. I expect BTC to cool down to at least 34-35k and therefore BNB to make a correction.
Keeping the price at that support (from June 10 to August 15) gives me more, probably for higher prices (if we see a reaction, of course).
The second scenario is the zone below (scam wick), everything below that is not interesting to me
Update on Flow (4hr)Posted Yesterday Price was 0.955
We've seen a healthy pull back, some ranging around the fib, after breaking down looks like it's gonna uptrend back and reject the breakdown, rejections come with some serious price movement in the adverse direction.
The way volume is still on a healthy increase, i'm going with we'll be on our way back up shortly!
we see we broke momentarily through that resistance and we're uptrending to next target zone!