Get started

Stocks!

S&P 500 Daily Chart Analysis For Week of Sep 6, 2024Technical Analysis and Outlook: Throughout the trading sessions of the current week, the S&P 500 Index has demonstrated significant downward movement, completing an Inner Index Dip at 5408 and establishing a new Mean Resistance level at 5530. There is a strong likelihood of a rebound to this level. Further, emphasis is placed on achieving the extended downward move to the target marked at Mean Support 5344, where a resilient rebound is anticipated.
SP:SPX
by TradeSelecter
SWING IDEA - SBI CARDS AND PAYMENTSThis setup presents an attractive opportunity for swing traders to capitalize on the potential uptrend in SBI Cards . Reasons are listed below : Strong Support at 670-700 Levels : SBI Cards has established a robust support zone in the range of 670-700 levels, indicating strong buying interest and potential reversal points. Bullish Marubozu Candle : A bullish Marubozu candlestick pattern has formed in both the weekly and daily timeframes, suggesting strong buying momentum and potential upward movement. Engulfing Pattern : The bullish engulfing pattern on the weekly chart, engulfing four previous candles, reinforces the bullish sentiment and indicates a potential reversal of the downtrend. Double Bottom Pattern : A double bottom pattern has emerged on the daily timeframe, indicating a potential trend reversal and bullish continuation. Target - 790 // 855 // 935 Stoploss - weekly close below 670 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:SBICARDLong
by Visionary_Growth_Insights
4
SWING IDEA - CHALET HOTELSChalet Hotels is offering a promising swing trade setup, backed by key technical factors. Reasons are listed below : Break of Symmetrical Triangle : The price has broken out of a symmetrical triangle pattern, signaling a potential upward move and a shift in market sentiment. Bullish Marubozu Candle on Daily Timeframe : A bullish Marubozu candle on the daily chart shows strong buying momentum, which reinforces the breakout and indicates further bullishness. Trading Above 50 and 200 EMA on Daily Timeframe : The stock is trading above both the 50 and 200 EMAs on the daily timeframe, indicating strong upward momentum and a positive long-term trend. Volume Spike : The recent surge in volumes supports the breakout, confirming increased market interest and participation in the stock. Target - 910 // 960 Stoploss - daily close below 760 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CHALETLong
by Visionary_Growth_Insights
Marico can make merryMarico Limited, headquartered in Mumbai, Maharashtra, carries on business in branded consumer products. Marico manufactures and markets products with the brands such as Parachute, Parachute Advanced, Nihar, Nihar Naturals, Saffola, Hair & Care, Revive, Mediker, Livon, Set-wet, etc. Marico Limited CMP is 665.25. The positive aspects of the company are Dividend yield greater than sector dividend yield, Company with Low Debt, FII / FPI or Institutions increasing their shareholding and MFs increased their shareholding last quarter. The Negative aspects of the company are High PE (PE=56.7), High promoter stock pledges and Promoter decreasing their shareholding. Entry can be taken after closing above 668. Targets in the stock will be 682 AND 692. The long-term target in the stock will be 702 and 719. Stop loss in the stock should be maintained at Closing below 632 or 591 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:MARICOLong
by Happy_Candles_Investment
Bajaj Electricals looks electrifying for the long termBajaj Electricals Limited was incorporated in July, 1938. The Company is engaged in business of consumer products (appliances, fans, lighting), EPC (illumination, power transmission and power distribution) and exports. Powered by a Pan-India presence and a market leading position in the industry, the Company functions through 20 branch offices which are duly supported by a chain of approximately over 700 distributors, 2.20 lakhs retail outlets and over 600 consumer care centres. The company has also a strong foothold in power transmission and distribution business. Bajaj Electricals Limited CMP is 1003.90. The positive aspects of the company are Mutual Funds Increased Shareholding in Past Month, Dividend yield greater than sector dividend yield and Company with No Debt. The Negative aspects of the company are High PE (PE=94.8), Low durability companies, Declining profits every quarter for the past 2 quarters. Entry can be taken after closing above 1022. Targets in the stock will be 1053, 1084, 1111 AND 1146. The long-term target in the stock will be 1189, 1274 and 1357. Stop loss in the stock should be maintained at Closing below 933 or 891 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:BAJAJELECLong
by Happy_Candles_Investment
DJT might flyDJT (Trump Media) Short Interest % Float 15,93 % Off-Exchange Short Volume Ratio 57,52 % With the upcoming political events and elections and this stock being a potential investment vehicle for allies, and also considering how far the stock has been sold down by now, this seems like an ideal candidate for a massive short squeeze. Disclaimer: This idea is not intended as investment advice and should not be interpreted as an offer to sell or a recommendation to purchase any asset. Any decisions made based on the information presented in this idea are the sole responsibility of the individual. All investment decisions should be made independently, taking into account your financial situation and objectives.
NASDAQ:DJTLong
by variable_not_defined
2
XAUUSD | Trade idea- **Gold Price:** Gold is holding above $2,500 ahead of the US Non-Farm Payroll data, having reached a high of $2,523 yesterday and currently trading around $2,517. - **US Economy Expectations:** - August Non-Farm Payroll is expected to increase by 164,000, up from 114,000 in the previous month. - Unemployment rate is expected to rise to 6.5%, from 6.4%. - **Rate Cut Probability:** The likelihood of a 25 basis point rate cut in September has decreased to 57% from 70% a week ago (CME Fed Watch Tool). - **US Dollar Index:** - Bullish outlook with minor support around 101.20/100.50. - Near-term resistance at 102/102.80. - **Gold Price Drivers:** - **Global Stock Market:** Bearish, which is positive for gold. - **US Dollar Index:** Bullish, which is negative for gold. - **US 10-Year Bond Yield:** Bearish, positive for gold. - **Technical Analysis:** - **Support:** Near-term support at $2,470; a break below targets $2,449/$2,430. - **Resistance:** Minor resistance at $2,520; a break above could lead to $2,525/$2,530.
FXOPEN:XAUUSDShort
by DCFX-TA
C3.AI is a great buy opportunity for the rest of the year.C3.ai (AI) has been trading within a Channel Down pattern for more than 1 year (since the August 01 2023 High) and yesterday it almost hit its bottom (Lower Lows trend-line). The 1D RSI breached below the 30.00 oversold barrier, and within this 1 year, it has always been a buy signal. However we can't rule out an extended consolidation or even a slightly Lower Low within those levels until the price recovers fully, but on the long-term and particularly until the end of the year, C3.ai presents a strong buy opportunity on the current level. The previous two Bullish Legs topped on the 0.785 Fibonacci retracement level, so our Target is 28.50 (marginally below it). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:AILong
by TradingShot
IMAX (IMAX) Analysis Company Overview: IMAX is well-positioned to benefit from the ongoing recovery in the entertainment industry. As a leader in premium large-format cinema experiences, IMAX leverages its asset-light business model to generate strong returns through system installations and global expansion. The company’s focus on providing immersive, high-quality viewing experiences has proven successful, with blockbusters like Top Gun: Maverick drawing moviegoers back to theaters in droves. Key Catalysts: System Installations and Backlog Growth: IMAX has seen a significant rise in system installations, contributing to an expanding backlog. This growth reflects the increasing demand for premium viewing experiences, as theaters capitalize on the higher ticket prices that IMAX screens can command. Asset-Light Business Model: IMAX’s asset-light approach reduces capital expenditure while maximizing returns, making it a more scalable and efficient business. This model allows the company to focus on expanding its footprint and enhancing its technology, driving long-term growth. Shift Towards Blockbusters: As the movie industry increasingly focuses on big-budget films, IMAX is set to benefit from its niche in premium cinema experiences. The success of films like Top Gun: Maverick underscores the demand for immersive theater experiences, positioning IMAX as a key player in this evolving market. Investment Outlook: Bullish Outlook: We are bullish on NYSE:IMAX if it holds above the $19.00-$20.00 range. Upside Potential: The upside target for IMAX is set at $30.00-$31.00, driven by the growth in system installations, a strong backlog, and the resurgence of blockbuster films. 🎥 IMAX—immersive experiences leading the future of cinema! #IMAX #CinemaRevival 🚀🎬
NYSE:IMAXLong
by Richtv_official
Double-Top In PlayAs expected, SPY double-top looks to be playing out. I don't expect us to drop much lower than the pink ascending trendline. Maybe we'll touch that 200 dma before our full send. Let me remind you that the pink ascending tl is the neckline of a large cup and handle pattern on the bi-weekly, the target of which remains 650-700. This is still in play on the longer timeframe and as long as we don't break below the pink tl with confirmation on the weekly, I will start to buy back at or around the pink tl and down to the 200 dma. Batting 1000% thus far and hoping to keep it perfect.
AMEX:SPYShort
by stewdamus
1
TESLA broke above the 2-month Resistance and is aiming for $300Last month (August 15, see chart below) we gave a pull-back buy signal on Tesla (TSLA) and the price action swiftly responded with a August 28 Low and then rebound: The rebound was on the 1D MA200 (orange trend-line) and today we see a strong bullish break-out above the 1D MA50 (blue trend-line). This alone is enough to confirm the start of the next phase of the Bullish Leg, since the long-term pattern is a Channel Up, as closing above 228.00 will constitute a Higher High. Technically the structure is similar to the previous mid-Bullish Leg consolidation (April 30 - June 24), even the 1D MACD sequences between the two fractals are similar. In that sense we can't rule out some more ranged trading for September but on the long-term our Target remains unchanged. We expect the $300 level to break before November. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:TSLALong
by TradingShot
Amazon Has An Incomplete Five-Wave ImpulseAmazon is trading an in impulsive bullish cycle since the beginning of 2023 and it looks to be unfinished from technical point of view and from Elliott wave perspective, because it needs to be finished by five waves. Recent decline has occurred due to recession fears, but it was in three legs A-B-C, which belongs to a higher degree wave 4 correction, especially if we consider a nice rebound away from the strong trendline connected from 2023 lows. So, watch out on a bullish continuation at the end of 2024 that can send the price back to new all-time highs for wave 5.
NASDAQ:AMZNLong
by ew-forecast
ROCKET LAB has started a new 9-month correction phase.Rocket Lab USA (RKLB) topped on August 19 after a more than +100% rise from the bottom that eventually reached the top of the Sine Wave count and as a result even though it failed to reach our $8.75 mark (Target 2), we will take profit on the last buy signal we issued (May 29, see chart below): As you can see by the Sine Waves, RKLB is repeating a 2-year cyclical pattern (since the June 30 2022 bottom), which every time it provides a buy opportunity that delivers a little over +100% return (3 times so far within this time span). Now that we got our +111% rise, we expect a new multi-month correction phase to start, initially in the form of a Channel Down (red). The previous correction phase lasted for 9 months and the one before for 10 months, before the +100% rallies commenced. As a result, we are far away from a buy opportunity at the moment and the best course of action is to short below even the 1D MA200 (orange trend-line). Our Target is $4.35, the middle of the High Volatility Zone, which is located just above the (green) Support Zone, where our next long-term buy will be. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:RKLBShort
by TradingShot
1
Nasdaq - Very weak start of the stock market in September!The US100 is below the EMA200 and EMA50 in the 4H time frame and is trading in its descending channel The index has reached the target of the downward movement of its previous analysis, and you can save a part of your sales position and place your SL in profit If the index continues to decline towards the specified demand zone, which also intersects with the midline of the descending channel, we can look for buying positions for the Nasdaq index An upward price correction of the index will provide us with new sales position with a suitable risk reward
CAPITALCOM:US100Short
by Ali_PSND