Shortterm
State Bank Of India (SBI)I think this Red Dip Is a biggest opportunity to buy this fundamental stock and we are very known about the #SBI Bank so as a long term view and short term also can take this for both point of view.
DISCLAIMER - IT'S MY STUDY PONTS NOT ANY RECOMMENDATION. THIS IS ONLY FOR STUDY PURPOSE.
Daily review of ETH interval 4HHello everyone, let's look at the ETH to USDT chart on the 4-hour time frame. As you can see, the price is moving above the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $1604, if the support is broken then the next support is $1578, $1560 and $1540.
Now let's move to the resistance line, as you can see the first resistance is $1627, if you manage to break it, the next resistance will be $1648, $1674 and $1751.
Looking at the CHOP indicator, we see that we have a lot of energy for the next move, the MACD indicates a local uptrend, while the RSI indicates an uptrend and the upper part of the range.
DAAWAT STRONG MONTHLY BREAKOUTThere is clear breakout in monthly time frame with volume. After that the stock has gone through a good consolidation for three months. Now it's time for another rally if the company posts good results this quarter. One can buy Daawat@CMP with short term targets of 133(19.50%) and 150(36.3%) and a long term target of 194.50(74%). Please let me know in the comment section about your thoughts and do follow and support this feed for more ideas. As a disclaimer before taking any positions consult your financial advisor.
PVR BREAKOUTPVR breakout good potential upside due to upcoming good movies like pathan etc and good collection in upcoming quater
TSLA Relief Rally *Be Careful-(Short Term Bullish)***Warning Monday Jan 2nd (Market is Closed) - Q4 EV Deliveries - good report then TSLA will complete H&S pattern and continue Bullish Island Gap Reversal
Positive:
`TSLA is Very Oversold, we could see a continuation of this bounce up too 150-180 if production release is great on Monday.
-Bullish Chart patterns show inverse H&S pattern created by Island Gap Reversal.
LARGE Buying Volume strong-sign of institutional investment - this could be accumulation phase
Beginning of January tends to be positive for the stock market
NDX & SPX showing signs of upcoming relief rally (*before we make final leg down)
HYG & JNK Bonds are showing bullish divergence
Negative:
Monday possible less deliveries than expected -if is lack luster I can see TSLA dropping 7-12% to retest the low
China Covid Cases/ Shanghai Factory Slow production
Tesla is still in a Strong Bear Market pattern
Elon and Twitter Drama
Earnings report on the 23rd - with factory issues, supply issues - it does not look promising
Macro H&S Pattern puts the measured decline to $90-$80 range
Sentiment:
Short Term -Swing /Day Trading -I am only Bullish for the Short Term* (1-2 weeks) .
Long Term Investing: I am Bullish for Long Term (5 yrs) ....over-all I would choose the $109 area as 1st pt accumulation / $80 area second point / $60 area 3rd pt (TSLA will Grow 25% Sales YoY for next 5yrs) PEG ratio looking good
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near term is $22972, if the support is broken the next strong support is at $22439.
Now let's move to the resistance line, as you can see the first resistance is $23211, if you manage to break it the next resistance will be $23430, $23605 and $23780.
Looking at the CHOP indicator, we see that most of the energy has been used up, the MACD is close to entering a local uptrend, while the RSI indicator is moving at the upper end of the range, which may indicate a small correction.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line.
Let's start with the support line and as you can see the first support in the near future is $22512, if the support is broken then the next support is $22329 and $22098.
Now let's move to the resistance line, as you can see the first resistance is $22661, if you manage to break it, the next resistance will be $22765, $22873 and $23022.
Looking at the CHOP indicator, we see that we have a lot of energy for a new move, the MACD indicates a local downtrend, while the RSI shows a further rebound, which is healthy in the long run.
Daily review of ETH interval 4HHello everyone, let's look at the ETH to USDT chart on the four hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $1612, if the support is broken then the next support is $1590, $1569 and $1539.
Now let's move to the resistance line, as you can see the first resistance is $1628, if you manage to break it, the next resistance will be $1653, $1675 and $1696.
Looking at the CHOP indicator, we see that there is a lot of energy for the next move in the four-hour interval, the MACD indicates a local downtrend, while the RSI also shows a rebound.
Correction of BitcoinHello Traders
As you can see in the chart above, Bitcoin is currently in a resistance zone which can cause capitulation.
I Screenshotted a metric from Glassnode called addresses with a supply of more than 1K, Which decreased drastically in the previous bitcoin bullish movement; this alone can confirm the technical scenario.
On the network data side, I saw most of the bitcoins that moved in the last day were mostly in profits—another risk to the price.
Note that this is an Intraday analysis and is only valid for a couple of days or even hours.
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What is your opinion? Comment below.
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Good luck.
Daily review of BTC interval 1HHello everyone, let's look at the BTC to USDT chart on a one hour timeframe. As you can see, the price is moving above the local uptrend line.
Let's start with the support line and as you can see the first support in the near future is $20665, if the support is broken then the next support is $20482, $20338 and $20190.
Now let's go from the resistance line, as you can see the first resistance is $20878, if you manage to break it the next resistance will be $21174 and $21646.
Looking at the CHOP indicator, we see that in one hour interval, there is energy for further movement, the MACD indicates an uptrend, and the RSI has a small rebound and room for further growth.
TATAMOTORS- Shortterm Support BreakdownTata motors can give a breakdown from support within a 15-minute time frame. As we can see tata motors is trying to take a reversal from its Resistance level within the 1-day time frame, so there is a very high chance it can break down from its 15-minute time frame support level.
Entry Level:- Below @408
Stop Loss:- Above @412
Target:- 1:1 or 1:2
US500 short Daily analyseWe are looking for a short position on S&P index.
📉 We are in descending channel on a daily timeframe.
📉 Strong resistance 4H order block.
📉 We can now look for continue this trend to the downside.
Look for a confirmation on lower timeframe. Risk management 1%.
INFLATION RATE AND BTC MOONHello Traders
As you know, the inflation rate decreased to 6% in the past day, this news created a significant bullish movement for Bitcoin Price, but don't get FOMO, Yet. As you can see Bitcoin's overall Technical shows that, the price is still in a bearish phase in the bigger picture, and is currently on an excellent resistance level, both Dynamic and static.
On the Onchan side, I screenshotted a metric called Net realized Profit/Loss, Net Realized Profit/Loss is the net profit or loss of all moved coins, the value shows that the whole network was moving their bitcoins in profits today, which can cause a reversal in the bullish trend.
Overall I can see a Correction or consolidation for bitcoin before the bullish phase.
Note that this is an Intraday analysis and is only valid for a couple of days or even hours.
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What is your opinion? Comment below.
If you like the idea, please hit the boost button and follow me so you will get the updates. The information given is never financial advice. Always do your research too.
Good luck.