Potential double bottom on ICP on the 1WHere's an idea about the Internet Computer Protocol. It looks like we are forming a double bottom at the orange market support level. We are still trading below the EMA50 on the 1W which could be the biggest short term resistance for a breakout. This is a long term idea that might be worth keeping an eye on.
Longterm
BTC - Wait for It!The two roads diverged in a yellow wood :)
Critical area for BTC at the moment.
Break above $62,000 for a bullish continuation towards $68,000.
Break below the lower trendline for a deeper bearish correction towards $52,000.
Which scenario do you think is more likely to happen first and why?
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Good time to buy and HODL!Arweave (AR) is one of my recent coins which I choose to invest in. This is trade (investment) setup on larger timeframe. I am not looking to reach targets 2,3,4 and 5 very soon, that could be year(s). I will sell most of my capital on targets 2,3. Small portion will be sold on Target 1 and on Target 4 and 5.
Entry Zone: 9.07 – 11.07
Buy Zone 1: 6.06 – 7.36
Target 1: 26.03 – 28.75 (135%)
Target 2: 38.39 – 42.25 (247%)
Target 3: 56.98 – 60.36 (432%)
Target 4: 75.92 – 78.98 (609%)
Target 5: 93.40 – 99.77 (774%)
NELCO getting ready for mega trendNelco Ltd., a Tata Group company specializing in VSAT connectivity and Satcom solutions, has demonstrated steady financial growth with a market cap of ₹2,919 Cr and a current stock price of ₹1,279. Despite a high P/E ratio of 130, the company maintains an ROE of 20.7% and ROCE of 23.4%. Over the past year, sales reached ₹316 Cr with a net profit of ₹22 Cr. Although the stock trades at 23.6 times its book value, Nelco continues to deliver a healthy dividend payout ratio of 23.2%. Recent quarterly sales of ₹74.08 Cr saw a slight dip, yet profitability remains stable.
NELCO finally broker-out and ready for 5X to 10X target
I bought at 1130 with a stop loss below 1060
T1 - 2048
T2 - 3009
T3 - 3950
T4 - 4563
BTC - Bullish Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 BTC has been overall bullish, trading inside the rising wedge channel in brown.
Yesterday, after Jerome Powell's speech, BTC jumped above the $60,000 zone.
🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower brown trendline acting as a non-horizontal support.
📚 As per my trading style:
As #BTC approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
#ALOKINDS long term buy setup (24/08/2024)Greetings Folks,
today i have prepared a setup on NSE:ALOKINDS on NSE
the analysis is as follows
- the price is now trading near a very important resistance which has been tested many times now. The more times a resistance gets tested, the weaker it gets
- the price has took support from the 0.5 fib levels, it might test it again or move down to 0.618 levels
- i have also marked a support zone from where the rally started, use it when the price breaks the fib levels
- if the price breaks the zone too, use the last swing i have marked as liquidity
dont play with fire, always use a predefined stoploss according to your risk management
Descending Channel Breakout done!🚨 NYSE:AXL is breaking out of a Descending Channel pattern on the 1D chart, which is typically a bullish reversal signal.
📈 Entry Point: $0.60 to $0.65
🎯 Targets:
$0.78
$0.88
$1.28
$1.64
$2.38
🔄 Trading Options: NYSE:AXL is available for trading in both spot and futures markets. You can purchase it on the spot market, or if you prefer to go long on futures, consider setting a stop-loss at $0.50.
📊 About NYSE:AXL :
AXL (Axelar) is an innovative project in the crypto space, offering decentralized cross-chain communication for Web3 applications, enabling seamless interaction between multiple blockchain networks.
📢 DYOR, NFA
SasanSeifi| Short-Term and Long-Term Insights (DOGECOIN 4D)Hey there, In the long-term four-day timeframe, the price faced significant selling pressure after a slight rise from $0.14, breaking through the $0.095 support and dropping to a demand zone around $0.081. Currently, the price is trading around $0.107.
In the mid to long-term, further correction to levels between $0.070 and $0.060 is possible. However, in the short term, we might see a minor up tick to around $0.118 to $0.12.
The suggested scenario is that after this short-term rise, the price could potentially retrace back to levels like $0.09. For a more accurate trend analysis, it’s essential to watch how the price reacts to key resistance levels. If it breaks and holds above the EMA 60 and the $0.125 level, there could be significant further growth.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
ADANI WILMAR Showing Breakage in Volume & Structure,NSE:AWL
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Not a Adani Lover.... But Some Bussinesses are Considered as White Collar.... Specially when you are aware of the original Product of the company.
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Strong recovery in Profitability, after subdued profits in H1 of last year.
➢ Trailing 9-Month EBITDA at INR 1,471 Crore.
➢ Profitability was volatile in FY24 due to hedge dis-alignment. However, profitability is improving over the longer-term.
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▪ Q1 volume growth of 12% YoY
▪ Steady growth in staple packaged foods. Edible oils grew by 12% YoY and Foods & FMCG grew by 42% YoY
▪ In Industry essential segment, both Oleo and Castor business grew in double digits, though overall volume impacted due to oil meal business
▪ Q1 revenue at INR 14,169 crores
▪ Revenue grew by 10% YoY in-line with volume growth as lapping of disinflationary impact of edible oil prices on revenue is complete
▪ Highest-ever EBITDA in Q1‘25 at INR 619 crores
▪ Edible oil business profitability has improved on back of stable edible oil prices
▪ Demand Environment (branded oil and foods)
▪ Demand environment stays steady in packaged staple foods on back of ongoing shift towards branded products
▪ Company stays focused on gaining market share, particularly in under-indexed markets & categories
▪ Incorporating local nuances to enhance regional engagement through customized campaigns, specialized packaging, localized pricing strategies, targeted schemes
▪ ESG Update
▪ Adani Wilmar has been included in FTSE4Good Index Series
▪ Company is committed to improve its processes for ESG performance, enhance disclosures and participate in key ESG ratings
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Key Takeaways: Q1’25
▪ Overall volumes grew by 12% YoY in Q1’25
▪ Edible Oil volumes surpasses 1 Million MT in Q1’25
▪ Food & FMCG crossed quarterly revenue of ~INR 1,500 Crores in Q1’25
▪ Edible Oil:
▪ Edible Oil volumes grew by 12% YoY in Q1’25
▪ Both Sunflower oil and Mustard oil grew double digit during the quarter.
▪ Food & FMCG:
❑ Food & FMCG volumes grew by 42% YoY (Ex-G2G business, Food volumes grew by 19% YoY)
❑ The revenue from branded products in the domestic market has been growing consistently YoY at over 30% for the past eleven quarters.
▪ Distribution:
❑ Company’s direct reach grew by 18% YoY to reach 7.4 Lac Outlets at the end of Q1’25
❑ Rural towns coverage grew by 40% YoY to 30,000+ towns at the of June 2024
▪ Channel Growth:
❑ Alternate channel grew by 19% YoY in Q1’25 (in volume terms)
❑ Branded exports grew by 36% YoY in Q1’25 (in volume terms)
❑ HoReCa business grew by 91% YoY (in volume terms), with quarterly revenues crossing ~INR 150 Crore in Q1’25
▪ ESG:
❑ Inclusion of AWL in FTSE4Good Index Series
EUR/USD: Bullish Outlook with Key TargetsHey there, looking at the FOREXCOM:EURUSD chart on a 10-day timeframe, it’s clear that the price has been stuck in a range for almost two years. Right now, the price has broken through its 7-month high and is currently trading around 1.011. Personally, I have a bullish outlook for both the medium and long term.
⏩I anticipate that the price could rise toward mid-term targets of 1.11500 and 1.12800. After that, I expect the price to potentially continue its upward movement towards long-term targets of 1.14 and the Bearish Breaker Block at 1.15, especially if it breaks above the 1.12800 high.
To fully understand the ongoing trend, it will be important to observe how the price reacts to the mid-term targets.
💢 Please remember that this is just my personal viewpoint and should not be taken as investment advice. I’d love to hear your thoughts and share opinions!
Happy trading!✌😎
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!✌
USDCAD - Massive Checkpoint!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCAD has been overall bullish, trading within the rising channel marked in blue.
At present, USDCAD is undergoing a correction phase and it is hovering around the lower bound of the channel.
Moreover, it is retesting a massive demand and support zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green demand and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #USDCAD is approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
ETH - Bullish Unless...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last analysis, attached on the chart, ETH rejected the $2000 support zone and surged by over 25%.
What's next?
As long as the bulls hold, a movement towards the $3000 - $3100 resistance zone would be expected.
📉 In parallel, if the last 4H low at $2600 is broken downward, a bearish movement towards the $2100 would be possible where we will be looking for new short-term longs.
Which scenario do you think is more likely to happen and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Nordnet: The question is Breakout or Fakeout? OMXSTO:SAVE 's Position: Breakout or Fakeout?
OMXSTO:SAVE is currently at a critical juncture, having recently broken out of its long-term bullish channel. The key question now is whether this move represents a genuine breakout with a successful retest or just a fakeout.
Monthly Chart Analysis
On the monthly chart, we observe that since its IPO in 2020, Nordnet has been in a strong bullish uptrend, defined by two key trend lines. Recently, however, the stock broke through the upper boundary of this bullish channel, raising questions about its next move.
Weekly Chart Analysis
The weekly chart shows that after breaking through the upper trendline, the stock made a downward move, testing this line as a new support level. This was followed by a strong upward reaction, suggesting a potential retest and continuation of the bullish trend. However, the possibility of a fakeout remains, which could see the stock reverse back down to the long-term support level.
Daily Chart: Key Levels
On the daily timeframe, several key levels have emerged where the stock has shown significant reactions in the past. These levels—197 SEK, 217 SEK, and 230 SEK—are crucial for determining the stock's future direction. Recently, the stock bounced upward after touching one of these key levels and is currently testing another.
Support Line Identification
We can also identify a rising support line that the stock has respected, providing additional context for potential future movements.
Outlook: What's Next?
I anticipate that Nordnet may form a reversal pattern, such as a double bottom or an inverse head and shoulders, with the 217 SEK level serving as the neckline. If this scenario plays out, the stock is likely to resume its upward journey along the rising support line.
Trading Strategy
For those looking to trade this setup, consider entering a position near the long-term upper resistance line, provided there are confirmations on lower timeframes (e.g., reversal patterns, volume spikes, or indicator signals) that indicate upward momentum. If you suspect this is just a fakeout, it might be wise to wait for a clearer setup. Regardless, be sure to set a stop loss to minimize potential losses.
Tata Group stock- A generational wealth builder?IHCL is one of India’s leading hospitality companies. They are continuously increasing their portfolio of properties and diversifying their presence both across Bharat and the whole globe. The expansion is taking place at a rapid place.
The company has also reduced its debt successfully to pre Covid levels which is a positive sign. It has increased its operating profit margin from average 15% to a good 30%. The revenue is also at its high and it will definitely increase in the coming future with increasing portfolio of hotels.
Increase in price of land and increasing property prices will also be a key factor in increasing the book value of the company which will further increase the share price.
Thus it is a good opportunity to invest in this company. The stock may go down from 600 levels as the stock has given a good run up in the last year but for long term view small falls should not effect us. The company is looking healthy for parking money for 15-20 years.
Hope you like my analysis.
Please do your own analysis before investing.
Do like and follow and share among your friends and family.
Thank you.
Novo Nordisk: Analyzing a Potential Pullback and Key levelsLong-Term Overview (3M Timeframe)
Looking at the 3-month timeframe, we can observe that OMXCOP:NOVO_B
has maintained a consistent bullish trend channel since 1990, characterized by higher highs and higher lows.
Medium-Term Analysis (1M Timeframe)
On the one-month timeframe, since the last significant pullback in 2016, OMXCOP:NOVO_B
has surged by approximately 1000%. Recently, the stock touched the upper resistance trend line and then experienced a sharp downward move, suggesting an impending pullback, which could be followed by another significant bullish run.
Key Levels (1W Timeframe)
Focusing on the one-week timeframe, we can identify crucial levels at 590 DKK, 735 DKK, and 930 DKK. Historically, these levels have acted as key resistance and support zones, making them critical areas to watch moving forward.
Fibonacci Analysis
Using Fibonacci retracement, the stock has respected the 0.236 level, reinforcing the validity of these levels as potential reversal points during the pullback. The relevant Fibonacci levels to monitor are 810 DKK, 670 DKK, and 560 DKK.
Outlook and Strategy
Given the recent price action, I anticipate that OMXCOP:NOVO_B
may form a reversal pattern, such as a double top or head and shoulders, leading to a more pronounced pullback. This pullback could have a reversal at one of the identified key levels or the lower support line within the long-term bullish trend channel.
How to Capitalize:
To capitalize on this potential move, consider monitoring smaller timeframes for signs that the pullback is concluding at the key levels. Once you identify such signals, a strategic entry could be made, with a stop loss placed just below the key support level to minimize risk.
Atlas Copco AB: Potential Entry Points in a Long-term UptrendOMXSTO:ATCO_A has demonstrated a long-term uptrend throughout its history, marked by two strong channels, with higher highs and higher lows.
Since the Ukraine-Russian market crash, OMXSTO:ATCO_A has experienced a 100% increase. Currently, the stock is at the resistance channel, which has resulted in a notable downward reaction:
During the strong uptrend, previous resistance levels, where the price peaked, turned into support levels when the stock experienced pullbacks. Now, as the stock returns to these crucial levels, they may serve as key support, potentially causing the stock to struggle to break below them or to rebound and rise further.
I anticipate that the stock will gradually break through each of these key levels, eventually approaching the lower trendline before launching into a significant bull run. This scenario presents a promising opportunity for a long position, but we need additional bullish confirmation at these levels before making a move.
Important levels: 150 SEK, 140 SEk, 120 SEK, 100 SEK
BTC - Key Checkpoint...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per my last analysis, attached on the chart, BTC rejected the $50,000 support zone and surged by over 25%.
What's next?
Currently, BTC is hovering around a key rejection level and round number $60,000.
For the bulls to maintain control and push towards $70,000, a break above the $60,000 level is needed.
📉 Meanwhile , the bears can still kick in for one more correction phase especially if the $59,000 support is broken downward.
Which scenario do you think is more likely to happen and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SAGA ANALYSIS🔮 #SAGA Analysis 🚀🚀
As we can see that #SAGA is trading in a Descending Channel Pattern in daily time frame. Also there is a formation of double bottom pattern which indicates a bullish momentum. A perfect breakout of both pattern will make a bullish movement in #SAGA 💸 💯🚀
💸Current Price -- $1.2490
📈Target Price -- $3.1470
⁉️ What to do?
- We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
#SAGA #Cryptocurrency #DYOR