MOSCHIP:BSE Bullish FLAG & POLE BO WTF POSITIONALMOSCHIP:BSE Stock Analysis
Trade Plan:
Entry: 50% of the total quantity 254 DTF Close, with an additional 50% added at 279 DTF Close Price.
Stop Loss: 215
Target 1: 451
Target 2: 519
Hold for a period of 6 months to One year or until the target 2 is reached.
Chart Pattern:
The stock experienced a 3-month streak to touch an all-time high (ATH) of 326 Subsequently, it retraced in 5M time to a 50% Fibonacci retracement level, forming a bullish flag pattern.
Technical Indicators:
The stock’s daily timeframe (DTF) shows that the price is currently trading above the 50-day exponential moving average (EMA) and the 20-day EMA below the 50D EMA. This indicates a transitional phase of alignment in the stock’s EMA indicators. A potential bullish trend in formation on the DTF/WTF timeframe.
The Trend Based FIBO Extension shows a Bounce from the 50% Level, The Sock will shortly breakout of the Bullish Flag Pattern.
Additionally, the current price is below the 38.2% Fibonacci retracement leve l. This level could serve as a potential entry point for investors, depending on their risk tolerance. More cautious investors might consider entering above the retracement level.
Volume Analysis:
There has been an Drying up of Volumes on the Sell side for a Quarter now. There is Buying in the past 4Weeks but below the 20VMA.. Wait for Breakout and Retest to take Entry
Prioritize Watch List:
Keep this stock in your watch list for further analysis and potential trading opportunities.
Disclaimer: This information is solely for educational and reference purposes. Trading inherently carries risks, and it’s crucial to exercise caution and conduct comprehensive research before making any investment decisions. Make sure you have a well-defined risk appetite, proper position sizing, and a stop-loss order based on your risk tolerance. Exit positions when the price drops 7-8% below your entry point. Consider re-entering the market when the trend reverses.Before engaging in any trading activities, it is paramount to thoroughly comprehend these technical analysis concepts and conduct extensive research on the stocks you are interested in. Furthermore, consulting a certified financial advisor can offer valuable insights and guidance before making investment decisions.
Technical Analysis Concepts:
- Multiple Time Frame Analysis (MTFA):
Daily Time Frame (DTF): Used for short-term analysis and identifying trends.
Weekly Time Frame (WTF): Provides a broader perspective and helps in trend confirmation.
Monthly Time Frame (MTF): Ideal for long-term analysis and trend analysis.
- Chart Patterns:
All-Time High (ATH): The highest price reached on a specific chart.
Lifetime High (LTH): The highest price reached over the entire chart’s history.
Rounding Bottom Cup/Handle (RBC&H): A pattern that signals a potential reversal from a downtrend.
Breakout Close (BO): A price move above or below a resistance or support level.
- Moving Averages:
Exponential Moving Average (EMA): A popular moving average that places more weight on recent price data.
- Fibonacci Retracement/Extension:
Trend-based Fibonacci Retracement: Used to identify potential support and resistance levels during retracements.
Trend-based Fibonacci Extension: Used to identify potential breakout levels during extensions.
- Stop Loss (SL): A predetermined price level at which an investment is automatically exited to limit potential losses.
Additional Concepts:
- Volume-Weighted Moving Average (VWMA): A moving average that gives more weight to high-volume stocks.
- Swing Trade: A trading strategy that involves holding positions for a significant period, typically several weeks to months.
- Positional Trade: A trading strategy that aims to capitalize on long-term trends and position oneself accordingly.
Moving Averages
Corrective wave continuing in GoldGold is in corrective wave now gold should continue this move and give a good target for sellers.
5th impulsive wave has been completed and 2nd corrective wave also completed now 3rd corrective wave is coming, and this wave should be high sell in gold because it's 3rd wave of correction.
Long $TSLAI am getting 100% of my exposure currently through NASDAQ:TSLL , I am very bullish on this setup for Tesla.
Bull catalysts:
Trump Victory - if this happens, I assume TSLA will pump just because of their close relationship
Federal EV Charging Re-compete - in the vein above, I don't see why Trump wouldn't open the failed federal funds of ~ SEED_TVCODER77_ETHBTCDATA:9B to companies to recompute the contract- obviously Tesla could actually deliver the network of chargers more efficiently than GM et al.
QE - I overlaid the FFR on the bottom of this chart, since I think it is valuable information regarding the last time TSLA's face-melting rally began, it coincided with QE beginning.
Their humanoid robots also could be something, but I am not as versed with them. Any other catalysts I'm missing?
Is Solana the Next Big Crypto to Watch Out For?
Solana's Resurgence: A Potential Bounce
Solana (SOL), the high-performance blockchain platform, has been making headlines as it exceeds a crucial demand level of approximately $157. This level has acted as a strong support zone, withstanding recent market volatility. As the cryptocurrency market braces for the upcoming U.S. election and the Federal Reserve's interest rate decision, Solana's potential recovery has captured the attention of investors and traders alike.
A Strong Foundation at $157
The $157 level has proven to be Solana's significant psychological and technical support level. It represents a critical juncture where buying pressure has consistently outweighed selling pressure, preventing a deeper decline. This resilience underscores the underlying strength of the Solana network and its community.
Technical Analysis: Signs of a Bullish Reversal
A closer look at Solana's technical indicators reveals several promising signs of a potential bullish reversal:
• Relative Strength Index (RSI): The RSI, a momentum oscillator, has dipped below the oversold level, indicating that the selling pressure has waned. A rebound in the RSI could signal a shift in market sentiment and a potential upward trend.
• Moving Averages: The 50-day and 200-day moving averages have crossed below the price, a bearish signal known as a death cross. However, if the price manages to break above these moving averages, it could trigger a bullish crossover, potentially leading to a significant price increase.
• Volume: Increased trading volume often accompanies significant price movements. A surge in volume during a potential breakout above the $157 level could confirm the bullish momentum and attract more buyers to the market.
The Impact of Macroeconomic Factors
The upcoming U.S. election and the Federal Reserve's interest rate decision are two major events that could significantly impact the cryptocurrency market, including Solana. A highly contested election or a hawkish stance by the Fed could lead to increased market volatility and potential downside risks for cryptocurrencies.
However, if the election results are clear-cut and the Fed adopts a more dovish tone, it could create a favorable environment for risk assets like cryptocurrencies. A potential rate cut or a pause in rate hikes could boost investor sentiment and drive demand for Solana and other cryptocurrencies.
The Future of Solana
Solana's ability to maintain its position above the $157 level and potentially break out to higher levels will depend on several factors, including:
• Network Performance: Solana's network performance, including transaction speed and fees, will continue to be crucial for attracting developers and users.
• Ecosystem Growth: The growth of Solana's ecosystem, including decentralized applications (dApps) and decentralized finance (DeFi) protocols, will drive demand for SOL tokens.
• Institutional Adoption: Increased institutional adoption of Solana could provide significant price support and drive long-term growth.
• Market Sentiment: Overall market sentiment towards cryptocurrencies will also play a role in Solana's price movement.
In conclusion, Solana's position above the $157 support level is a positive sign, and a potential bullish reversal could be on the horizon. However, investors and traders should remain cautious and monitor the impact of macroeconomic factors on the cryptocurrency market. As the U.S. election and the Fed's interest rate decision approach, heightened volatility is expected, and it's essential to have a well-defined trading strategy in place.
CF Industries Shows Signs of BottomingCF Industries has moved sideway for almost two years, but some traders may think the fertilizer stock is bottoming.
The first pattern on today’s chart is the rally between September 11 and October 4. That move established a new 52-week high. It was followed by a pullback to the September 20 weekly close of $81.61, where CF bounced.
Second, a falling trendline along the highs of March and August was broken. That old resistance apparently became new support last week.
Next, the 50-day simple moving average (SMA) recently had a “golden cross” above the 200-day SMA. That may suggest its longer-term trend has turned bullish.
Finally, prices jumped after the last two quarterly reports. Those moves could reflect improving sentiment.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
LONG: Mahindra & Mahindra on the Rise: Targeting New Highs!🔍 Technical Analysis Report: NSE:M_M
Current Overview: 📈 NSE:M_M have shown a strong reversal from its recent low of ₹2,665.55. This recovery is significant as it has crossed the 0.382 Fibonacci retracement level, with the highest reference point being the level 1 Fibonacci at ₹3,214.95.
Key Observations:
Volume Analysis: Over the past 3-5 trading days, the stock has displayed consistent positive volume, indicating sustainable upward movement. 📊🔼
Critical Resistance: Since mid-June, the stock has been approaching a key resistance level. It briefly breached the 0.5 Fibonacci level yesterday but closed near the 0.382 Fibonacci level. 🚧
Price Movement: Today, the stock opened around the 0.382 Fibonacci level at ₹2,827.10 and is inching upwards. 📈
Technical Indicators:
MACD Analysis: The current MACD (Moving Average Convergence Divergence) shows an impending buying crossover. If market conditions stay favorable, we anticipate the MACD histogram turning green tomorrow, reinforcing the bullish trend. 🔄🟢
Target Levels:
🎯 First Target: ₹2,942.15
🎯 Second Target: ₹3,005.10
🚀 Extended Target (if resistance is broken): Around ₹3,100.00
Risk Management:
Primary Stop-Loss: ₹2,800.00 to protect against downside risk. ⚠️
Extended Stop-Loss: ₹2,720.85 for those accommodating broader market volatility. 📉
Conclusion: 🟢 If M&M opens in the green tomorrow, this will confirm the buying trend, potentially reaching the target levels mentioned above. However, cautious trading is advised, particularly around the set stop-loss thresholds, to manage inherent market risks effectively. ⚖️
#Hashtags: #MahindraAndMahindra #StockAnalysis #TechnicalAnalysis #FibonacciLevels #MACD #TradingInsights #StockMarketIndia #BullishTrend #InvestmentStrategy #RiskManagement #FinogentSolutions
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Trading and investing involve significant risk, and you should conduct your own research or consult with a financial advisor before making any investment decisions.
$SPY November 5, 2024AMEX:SPY November 5, 2024
15 Minutes.
For the extension from 539 to 575 to 565 AMEX:SPY made 61.8% of the move at 586 levels.
For the fall 583.32 to 568.44 it retraced 50% to 575.5 levels.
Now we have a sideways in box range between 575 to 567.
Bias id down as AMEX:SPY below all moving averages.
The positive side we have is for the lows 568.44 and 567.86 in 15 minutes we have oscillator divergence.
Therefore, if I take the rise 539.95 to 586.12, I expect first target to be 563 being 50% of retracement for the move.
Bias is towards short side.
Hang Seng Short: Resistance at 20SMAFollowing my warning about Hang Seng on 2nd Oct regarding Hang Seng reaching an important price point, I have yet to publish another idea about this index. One of the reasons is to let the dust settles, the other is to observe what is happening in the US markets.
Now, I am convinced that the US market will be going down and it will pull global equities with it. Hang Seng is no exception. Technically speaking, I like to observe the 20 SMA. Hang Seng seems to be rejected at this SMA and thus I would say that any short will have a stop loss above the 20 SMA.
INDIGOPNTS NSE RBC BO SWINGINDIGOPNTS STOCK Analysis
TRADE PLAN
ENTRY -1525 50% Qty, Add 50% qty 1605 DTF Close
SL -1450
TARGET --01-1688 , TGT02--1726
Hold For a 3M or TGT 2
Chart Pattern :
STOCK is near to forming a 1Y2M RBC
INDICATORS EMA :
The Price is Currently Trading above 50EMA, and 20EMa below 50EMA in DTF. STOCK EMAs are currently in alignment where today an 4.8%+ price rise with Volumes indicating start of a bullish Trend on DTF/WTF.
FIBO/E :
Currently the price is below 23.6% FIBO Retracement Level, Early Entry can be take as per your risk ability. Safe Traders Enter above 1525.
Volumes: The volumes currently are not very exciting though above the 20VMA on lower Time Frame
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk appetite (Exit when price closes 7to8% below your Entry) and re enter when trend reverses...
Trail Your SL progressively. Learn/Know and Review the Stock trading Technical Terminology. Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
LTH -LifeTime High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
FVG Fair Value Gap
20VMA -20Volume Moving Average
SWING/POSITIONAL Trade
MY SPX500USD LONG IDEA 04/11/2024Direction: Long
SL: 5,619.1
Checklist:
- MA 20 going Upward
- Break of Trendline
- Fib level
- Bounce from a Support/Resistance
- Penetrate a Support/Resistance
- Edgefinder Score
- Correlation Confluence
- Trading Central Preference
Technical:
1. MA 20 Yellow is above MA 100 and 200 (Purple and Red).
2. No strong trendline reading but if it breaks my bullish purple line then price will go up.
3. Price bounced off from a Resistance zone.
4. FIB level 0.38 @ 5701.3 .
5. Tradingcentral tool signaling Rise on Time frames 15m,1h,4h and daily at the moment.
6. Q4 seasonality is bullish.
Fundamental and economic:
1. I use Edgefinder tool which shows me a score of 2 "Neutral Bullish".
2. We have US elections coming up and regardless of which president wins it’s going to be bullish for USD and stocks.
3. US NFP came out horrible 12k but market wants a revision and is in a speculative state.
5. USD is on the rise after a recovery.
6. VIX spiked a little and is calming down.
BKNG golden fibBKGN has rather quickly hit the golden fib, a rejection candle arises. The stochastic and daily RSI are overheated. I expect a pullback to 4160. This would be healthy for future reasonable growth. Volume is also falling on average. The 5 EMA is also vert far from current price, the stock needs to revisit. I have seen many a titan reject at the golden ratio including QQQ and SPX recently.
NZD/CHF: PAT + VPA 11/03/2024Good morning,
On this date, March 11, 2024, I will be conducting an analysis of the NZD/CHF currency pair.
Daily (1D): The daily timeframe has exhibited a bearish trend, initiating a downward movement from May 28, 2024, to August 5, 2024. During this period, the price encountered support at 0.494, subsequently rallying to 0.536. It is important to highlight that 0.536 represents the last swing low that was breached on the weekly chart. The price faced significant resistance at approximately 0.536 and subsequently tested the daily swing low at 0.519. Following this, the price entered a consolidation phase between 0.519 and 0.526, which persisted for 16 days before breaking below the daily swing low of 0.519.
The weekly and monthly moving averages (7EMA & 21EMA on the daily timeframe) indicate a sustained bearish trend. Presently, the support level is situated at 0.494. I anticipate that the price will trend towards 0.494 in the coming weeks.
I will be actively seeking trading opportunities targeting 0.494.
ThePipAssassin