KNRCON WEDGE PATTERNKNRCON in Wedge pattern at top trend line check if opportunities comes for Beakout out.
Neutral
XAUUSD - FAKE RUPTURE OR WILL BULLS WIN THE FIGHT? SEE MY IDEAS The technical analysis for XAU/USD (Gold/US Dollar) is showing a neutral to slightly bearish sentiment at the moment. The summary from a technical analysis is neutral, with moving averages giving equal buy and sell signals (6 each). However, the technical indicators are leaning more towards sell (4) than buy (2), suggesting that there might be a slight bearish trend in the immediate term.
For the upcoming week, there isn't a clear trend indicated from the information available. It's important to consider that gold prices can be influenced by many factors including economic data releases, geopolitical tensions, and market sentiment. Investors and traders often look at gold as a safe-haven asset in times of market uncertainty, which can lead to price increases, whereas stronger economic indicators can lead to strengthening of the USD and a decrease in gold prices. It would be advisable to keep an eye on upcoming economic events and market news for a more accurate forecast.
MY TWO IDEAS HERE THOUGHT THIS LINKS:
drive.google.com
drive.google.com
Bitcoin on last trend SuportTwo plays for BTC where we'll either see break of diagonal resistance or diagonal support.
Likely this will determine the trend for coming weeks - months.
Up to 35-37K or Down to 23-21K.
Neutral on IBM. Looking more bearish.
As you can see here we are at a demand zone. But, we are consolidating at this zone and that usually means we break through the zone. If we bounce off of the zone, I will look for it to retest the recent trendline that we have just broken. But, if we break through the zone, I will be looking for the stock to fall all the way down to the bottom Bollinger Band on the weekly chart. The P/E ratio is at 65 which is very high so I am leaning more bearish. Also, the market as a whole has an extreme fear index which could also signal a bearish ride for this stock. On the weekly chart, we were over-extended from the top Bollinger Band and have been red the last two weeks so I do look for this downtrend to continue. If we fall, this could be a money-making monster for a couple months out put and I feel we have more room to go down then up. My overall opinion is that we might go up in the short-term but the long term we could be headed for a landslide to the downside.
$CVX with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:CVX after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 45.45%.
What's the next move ?The CMP(current market price) is at weekly resistance zone.
Below scenarios can happen:
1. Bear :: If a daily candle closes below 82.5920, advisable not to enter the market as the triangle is about to converge leading to triangle breakout & also the Risk: Reward ratio would be small.
2. Bull :: If a weekly closes above 83.2850, this is a ascending triangle breakout. The target for the weekly breakout will be 86.7317. This target will take time to reach.
Best advisable to add 1 or 2 lots in far out of the expiry(like 3 or 6 months far expiry after the breakout)
Nifty50 Levels for 04-08-2023#Nifty50 Levels for 04-08-2023
> If you're following these zones then kindly follow the rules too. Risk management, Position sizing, Confirmations.
> This is my perception of the market so, kindly do your analysis to get more clarity on the market.
> These levels might help you guys. As per my view, I'm sharing it with you guys.
> This is not a blueprint to happen so, kindly do your own analysis along with my view. Thank you for your SUPPORT.
$INTC with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NASDAQ:INTC after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 77.78%.
$TSM with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:TSM after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 33.33%.
$MS with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:MS after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 90.91%.
$PGR with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:PGR after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.
$BLK with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:BLK after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 62.50%.
Time to be cautious on Titan (neutral)We are close to all time high for titan share and a big resistance is out there. I would book profit here and wait for the trend confirmation.
Two big probabilities:
1. Open and close above resistance means long.
2. Open and close below resistance is good chance to short.
NZDUSDIm just monitoring this pair at the moment i have a hunch its going higher but i would like to see how it will respond on my key levels first but im 50/50 here need it too move some more to make a decision
$NVDA with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NASDAQ:NVDA after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 66.67%.
$ACN with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:ACN after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
$TGT with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:TGT after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 66.67%.
$BABA with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:BABA after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.
$AMAT with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NASDAQ:AMAT after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 85.71%.
$PBR with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:PBR after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 60%.
$ABNB with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NASDAQ:ABNB after a negative over reaction following its earnings release placing the stock in drift C .
$DUK with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:DUK after a negative over reaction following its earnings release placing the stock in drift C .
$BDX with a neutral outlook following its earnings #StocksThe PEAD projected a neutral outlook for NYSE:BDX after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 42.86%.
