Will SPWR shine in 2024?Hello everyone i want share my idea about SPWR (SunPower Corporation)
In 2023 we had pretty bullish stock price actions which i can't tell about SunPower Corporation.
How SunPower Corporation work? they have loans for 5-10 years, when they have contracts with low rates and government starting to rise rates their work goes bad and their stock prices falling but when rates are low their work going well and more investor make investment.
In my opinion 2024 year will be not great for stock market and the reason is, dollar strong movement start of 2024 and possibility to continue this trend all 2024 year is high. i have idea why i think stock market crash in 2024 which will be linked in this post.
If we look at SunPower Corporation with technical we have big divergence at weekly MACD. Trend at chart is bearish in 2023 but oscillator shows it bullish and this is why i think good investment in this stock. If i have reason stock market crash, if i have reason rate cuts and if technically accept it then i will make investment at lowest price which is perfect for now.
Investment
Apollo Hospitals - An Investment pick for the Mid Term, 50% ROI The stock has broken out decisively in Monthly Jan 2023 after 2 years of good consolidation.
The yearly time frame indicates an inside candle showing the consolidation.
The best entry zones are marked in red. One may enter based on Risk appetite.
For a target of 9653 to 10000.
USDCAD - SEEMS A GREAT TIME!after a long time of overthinking things about trading patterns, reading the news of world, using multiple patterns in different times of the chart etc...i have literally just looked at the charts as simple as i could...in all honesty a simple trendline, support and resistance with common sense is all you really need...sure as we all know investments are a risk...just don't complicate things and just react to hit the trigger...the reality is it's going up or down! just with the simple outlook on a chart you'll feel so much less stressed and let the time do it's thing. i'm no professional expert at wall street or a multi millionaire but what i do have is common sense. just use it with your basic knowledge and with patience you can reap what you sow.
thank you for reading, i wish everyone the best trading! :D
[ORP] ORPEA French StockEmbarking on a long position in ORPEA (ORP) requires a keen understanding of its inherent risks, notably stemming from a previous scandal that has cast a shadow over the company's reputation. However, amidst these challenges, ORPEA is undergoing a significant transformation, including a consolidation of shares where 1000 shares will be transformed into 1 share at €10. This restructuring could potentially bolster the stock's fundamentals.
Despite the risk associated with ORPEA, the current technical rejection presents a compelling opportunity for long-term investors. The recent price action indicates a favorable risk/reward potential, especially considering the forthcoming share consolidation and its potential positive impact on the company's valuation.
While caution is warranted, the combination of transformative measures and technical signals suggests that now may be an opportune moment to initiate a long position in ORPEA. Diligent monitoring of both fundamental developments and technical indicators will be essential to navigate the associated risks and capitalize on the potential rewards.
Great Trade !
Rising Wedge breakdown in ULTRACEMCOULTRATECH CEMENT LTD
Key highlights: 💡⚡
✅On 3 HOUR Time Frame Stock Showing Breakdown of Rising Wedge Pattern .
✅Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 9326-.
✅Can Go short in this stock by placing a stop loss above 10082+.
RAMA STEEL TUBES - ENTRY POINTCan enter at CMP - 43₹
SL - 32
Targets - 50,60,70+
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MISHTANN FOODS - 2 YEARS HIGH BREAKOUTCan enter at CMP 23₹
or enter at 21₹
Target - 35.55
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ELECTROSTEEL CAST A 50% ROI Idea For a Mid Term HoldingThe stock has given a 15 year breakout in Yearly timeframe.
It is in strong uptrend, trading above 15 year high.
Weekly and Monthly are showing inside candles, consolidation is happening.
Entry :- Buy on each dip, for now at current market price.
Target :- 155,175,200.
YES BANK RANGE BREAKOUT FROM ALL TIME LOW LEVELI Suggested this stock on 12th Nov 2023 at 19 level
Entered at 19
Targets - 22,30,45,70+
18% Returns Given 🚀💰 Best Penny stock to invest now
Investment possible at CMP - 21.45 level if falls than average at 19 level
@Jagadheesh_JP
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MARSONS LTD - 110% PROFITS GIVEN IN 1 MONTH3 TARGETS COMPLETED
Can enter at 8.70
Average at 7.61 level
Target - 12,15+
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NYKAA - 1 YEAR OF REASISTANCE BREAKOUTEntry Given Now
Can enter at CMP - 161
SL - 135
Targets - 215,310,410+
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Downtrend Channel pattern breakout CHAMBLFERT CHAMBLE FERTILISER LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Downtrend Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 401+.
✅Can Go Long in this stock by placing a stop loss below 359-.
RELIANCE POWER LONGTERM INVESTMENTACTIVATED MY ENTRY LEVEL
Can enter at CMP @31.40
or wait for fall & enter @25.30
Targets - 38,50,65+
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Uptrend Channel pattern breakout in HCLTECHHCL TECHNOLOGIES LTD
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Uptrend Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 1660+.
✅Can Go Long in this stock by placing a stop loss below 1595-.
Parallel Channel pattern breakout in MFSLMAX FINANCIAL SERV
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakout of Parallel Channel Pattern.
✅Strong Bullish Candlestick Form on this timeframe.
✅It can give movement up to the Breakout target of 950+.
✅Can Go Long in this stock by placing a stop loss below 890-.
REDINGTON - STRONG ALL TIME HIGH BREAKOUTEntry level triggered - 200
If falls again then you need to average at 160 level
Targets - 260,300+
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#NIFTY Intraday Support and Resistance Levels -05/02/2024Nifty will be gap down opening in today's session. After opening nifty start trading below 21820 level and then possible downside rally up to 21700 in today's session. in case nifty trades above 21870 level then the upside target can go up to the 21990 level.
CDSL for Swing/Positional CDSL Prediction for Swing/ Posional Trading
First breakout at Entry 1 level and this entry 1 retested. You can entry now . There is a resistance 1545-1670 level. You can enter in trade at Entry 2 level above 1360 or above Entry 3 above 2045 close weekly basis or you can entry at any of the above levels according to your experience.
SLs- 1100,1050 ( according to your entry and RRR)
Targets- 1360,1545,1670,1695,2045,2340,2535,2590,3030,… .
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Can anyone tell me which chat patterns are shown up here?
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About CDSL –
Central Depository Services (India) Ltd. engages in the provision of depository services. It operates through the following segments: Depository Services, Data Processing Services, and Others. The company was founded in February 1999 and is headquartered in Mumbai, India.
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JSW STEEL LTD - DEMAND ZONE TESTEDCan enter at CMP 823
SL - 715
Target - 890,1000+ (Short term)
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NATCO PHARMA LTD - READY TO BREAKOUTEntry Possible above 950 level
SL - 720
Short term Target - 1190
Long term Target - 1500
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TEXMACO RAIL & ENG - GOOD VOLUMELooking good to enter at 180
if again falls 🔻then you need to average at 150 level
Targets - 232,285,350+
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