"Why Investing in Ambuja Cements Limited Stock is a Smart Move" buy now on 460 price at a lucrative price with potential upside of18 percent
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Ambuja Cements Limited is a major cement manufacturing company in India. The company was established in 1983 and is headquartered in Mumbai. It is a part of the LafargeHolcim group, one of the world's largest building materials companies. The company operates in various states in India, and also has a presence in the Middle East and Africa
Leader
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Stock price technical perspective still illustrates strong up-trend, with some caution signals to be mindful about if one decides to trade it.
On a weekly time-frame, price is solidly supported above the 10w MA, that is crucial for me to consider trading the upside of any stock. Although, I cautious about important fibonacci resistance levels at 2500 area. I price will not be able to follow-through its recent break-out attempt from 5 weeks flat base and move above 2500 zone, than I have hard times considering wave 4 finished, and will expect more deep and long correction (probably to 2070-1850 support zone).
That being sad, in my trading, I try not to forecast, but to follow the price and volume dynamics. And when the set-up is favourable and I have positive traction in my personal portfolio, I will take it without any hesitation.
Thesis : Above 2415 line and I expect price to follow-through and move towards 2600-2800 resistance zone. Below this line and I am out, and wait either for more tight entry set-up or stepping on the sidelines at all.
2023 True Market Leader - Does it has more potential? VRT has been up more than 200% since late April 2023 bottom, demonstrating key true market leader characteristics in terms of price advance, volume profile and fundamentals.
Look at how well and orderly price was following along the 8 EMA and later 21 EMA since the break-out from a large 195 days base (with two unfilled gaps first in Apr and in later in May).
On the fundamental side, one my notice:
Exceptional relative strength to the SNP500;
Top EPS and IBD Composite Index;
Triple digit growth in analyst estimates for EPS for 23 and double digits for 24;
Jaw-dropping triple digits earnings growth for 3 qrt in a raw;
Continues double digits sales growth;
Improving ROE;
And doubling amount of institutional sponsorship by Sep23;
Management owns 10%
I don't have reliable ElliotWave pattern on VRT, but from the market symmetry concept, I see the next important macro resistance zone at 47-51 area, where 47 is the 100% extension of the move from the bottom of 2020 to the top of 2021.
The history of true market leaders teaches us, that the stocks the doubles and triples have a higher historical odds of doing it again in the next bull-cycle.
It this correction in the indexes is over and the general market has a plan to continue its advance in Q4, my thesis is that VRT shall continue being the top choice for the growth investors and trader.
Trading parameters:
actionable if price breaks out the 39 pivot with volume. Short-mid term long thesis is wrong bellow 36 and fully invalidated bellow 35 areas.
$IBKR forms weekly shark pattern NASDAQ:IBKR may be one of the leaders of this sector.
Back in February of 2022, the relative strength ration with AMEX:XLF showed a bullish divergence against the stock's price; soon after, the stock bottomed and since has rallied +50%.
The $80 level is key and the price has formed a shark pattern near it.
As the stock is in an uptrend, I'll wait for the breakout above $83.20.
For a daily analysis, please refer to the link I left of one of the analysts that I follow closely.
True Market Leaders: #1 $FSLR👉Name is holding great through the market sell off
👉The RS line up is showing outstanding relative strength
👉Volume indicator we see a bunch of green and blue (bullish) bars highlighted and not much red and purple (bearish).
👉 Stage 2 indicator is showing early turn and key MAs are starting to point up
Not at a buy point yet but definitely a great candidate to watch!
Truks are looking good, $ULHWhat a good looking chart!
After a massive bull run, the price has formed a descending triangle. Normally, if an upward breakout does occur, another good bull run should follow. I'll be waiting for it to buy.
This one really looks like a true leader to me. Impressive relative strength, that is best indicator in a bear market.
Stocks To WatchThere are no certainties in the stock market. These names have shown good relative strength and accumulation volume . This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 24 total stocks on this list with 0 short squeeze candidates . Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Nucor Corp $NUE, tight action might give buy signal soonThis Steel-Producer might be the percfect example of good technicals and good fundamentals.
After a good bull run from March to August is been forming a base that has been tightening from left to right, with low volume on down days and high volume on up days. That is the kind of action I like to see before a buy signal.
According to @TradeStation, for the nine months ended 02 October 2021, NucorCorporation revenues increased 76% to $26.12B. Its quarterly results reflect a good Code 33, that's three quarters of accelerating earnings, sales and margins.
My firts buy would be just above $117.86 with 1/2 of my position sizing. If the price follows through the resistance lines I marked, I'll add up.
Its IBD RS rating is 95 and has a #1 ranking in its industry.
S/t NFLX route@wardaK This one is for you. You asked what's my current though on NFLX S/T.
I believe we see NFLX show some sign of consolidation possibly after it goes towards 700 pysc lvl.
Expect Support to be held from 662-672 to be held and bot up for the next rips.
Market leader iMO -- alongside FB , TSLA , COST
Materials at multi-level supportMaterials sector has been showing relative strength. It is actually 3th in YTD performance, after 1. Technology, 2. Discretionary (Mega-cap lead sectors)
Today it is resting on the 100ema, which has been supportive since march 23rd crash.
This level is also coinciding with early 2020's high, as well as 4 other tests of the support; including a failed breakout, which worked the next time it tried.
OBV has been supportive of the uptrend. (BULL)
RSI showing slight divergence as the last bottom late September has a slightly higher RSI(10) than the current one. (BEAR)
A strong close below $60 would deny the support, and make the chart a short-term bearish one.
BEARISH - LVMH 60MN - IDEAS WHYSuper strong resistance up there at 362.60.
Atfer a series of testing the market breaks the uptrend support
to end out breaking also the VWAP with strong volumes as a backup.
Last volume is the biggest and the tentative of new uptrend signal has been rejected at the VWAP.
Coming next:
- Most likely a bearish movement targeting first the 328.30 level.
-Possibility to go further down.
- Otherwise the market could again test the VWAP.
Decision will then to be taken after observation of new pullback or break.
Medical devices will winHealthcare has been a leader YTD, as it has the defensive nature and is gaining momentum on the spread and containment of the COVID. Also, negative sentiment of the healthcare sector regarding the opioid crisis (which seems like a long time ago now), and politicians creating regulations for insurance reform; has now subsided.
Inside the XLV, IHI (medical devices) and IBB (Biotechnology) have been outperforming, and will likely continue to do so.
The 3 most important holdings of the ETF will be very important during this pandemic:
1. ABT (diagnostic test for COVID) / 12.63%
2. MDT (medical ventilators/respirators) / 12.52%
3. TMO (diagnostic test for COVID) / 10.82%
Water is 2020's winner so farThe 3 leaders YTD have been (in order): Utilities, Healthcare, Staples; which happen to be the 3 most defensive sectors, who tend to outperform during a recession...
Inside the utilities sector, the Water industry is the leader.
CWCO has a beautiful looking chart, setting a strong support after making a double-bottom, which immediately after, made a bullish engulfing candle. It is interesting to note, that the volume on this 2-day event; was almost identical. Meaning the amount of buyers was larger than the seller side.
EOSUSD - Leader or LaggardTrading lesson:
As anyone who watches crypto on a regular bases knows, is that they all basically trade together and are highly correlated. Therefore, when we see an impressive move in one crypto it is often helpful to see which crypto was is the leader and which is the laggard. In the latest bullish moves in crypto ETH is the clear leader starting its bull run hours before the others. And if ETH starts to head down then chances are EOS will fall faster. . . It is also good to recognize manipulation exist in all trading instruments especially crypto. Thus some chart technicians have noted that there is often a trend for crypto to make bullish moves during long holidays, like the recent three day American holiday. During these holidays there is often low volume and a lack of hedging which makes it easier to push up. But what makes the current move interesting is that prices broke above a long term trend line on large volume. This could suggest that the move is sustainable. ETHUSD next resistance area is 165, and a level EOSUSD traders need to be aware of.
VEN April 17, 2018 - BEAR MARKET WINNER CONTINUES UPWARD!!!See chart for embedded notes on where I believe VEN will lead next. This one has been a huge winner during the meltdown so what will it do now that the Crypto's are much stronger? I expect VEN continues to set records but lets see what the chart can tell us.
BTC Bearish Through FebruaryThere was a lot of amateur buys leading up to 2018. The current down trend is shedding these less educated investors. It will take a great deal of movement to get BTC back near its highs. It's possible recovery is a long way off and more possible an alt coin will emerge as the new market cap leader.
Time to Demonstrate Strength$XMY has been leading the cryptorally over the past two days, about 70% off of lows. As markets take a moment to gather, it's time for Myriad to prove its strength and continue to push forward.
Clear eyes. Full bags. Can't LOSE!