SWING IDEA - NETWORK 18 MEDIANetwork 18 Media , a prominent player in the media and entertainment industry, is showing signs of a promising swing trade opportunity based on several key technical indicators.
Reasons are listed below :
75-80 Support Zone : The 75-80 level is a crucial support zone that has held multiple times, indicating strong buying interest at these levels.
Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart suggests a reversal of the previous downtrend and indicates strong buying pressure.
0.618 Fibonacci Support : The stock has retraced to the 0.618 Fibonacci support level and is now bouncing back, indicating a potential reversal and continuation of the uptrend.
Breaking Consolidation Phase of 2+ Months : Network 18 Media is breaking out of a consolidation phase that lasted over two months, signaling the beginning of a new bullish trend.
Decisive Break Above 50 EMA : The price has decisively broken above the 50-day exponential moving average, confirming the bullish sentiment and providing a strong support level.
Target - 105 // 120 // 135
Stoploss - weekly close below 81
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
Stocks!
SWING IDEA - BIRLASOFT Birlasoft , a leading IT solutions provider, presents a swing trading opportunity based on its current technical indicators.
Reasons are listed below :
600 Zone as a Strong Support : The 600 level has been a significant support zone for Birlasoft, acting as a key level where buyers have stepped in to support the price.
Hammer Candle on Weekly Timeframe : The formation of a hammer candle on the weekly chart is a bullish reversal pattern, indicating that selling pressure has been absorbed and buyers are taking control.
0.5 Fibonacci Support : The stock is holding at the 0.5 Fibonacci retracement level, which is often a strong support level, suggesting that the stock may be poised for a rebound.
100 EMA Support on Weekly Timeframe : The 100-week exponential moving average is providing additional support, reinforcing the bullish sentiment and indicating a potential for upward movement.
Target - 680 // 733 // 845
Stoploss - weekly close below 549
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
S&P 500 Daily Chart Analysis For Week of Aug 30, 2024Technical Analysis and Outlook:
Throughout the current week's trading sessions, the S&P 500 Index has exhibited notable fluctuations, initially reaching the Mean Support level of 5570 and subsequently demonstrating resilience by rebounding toward the specified targets outlined in the preceding weekly analysis, encompassing the completed Inner Index Rally at 5666 and Key Resistance level at 5667. Beyond those targets, the focus is on attaining the extended rebound targets, specifically the next Inner Index Rally at 5745 and the long-awaited Outer Index Rally at 5840. It is essential to recognize that achieving these targets will likely prompt a selling price action.
SWING IDEA - L&T TECHNOLOGY SERVICESL&T Technology Services (LTTS) is showing technical signals that suggest a promising swing trading opportunity.
Reasons are listed below :
4700 Resistance Zone Breakout and Retest : The 4700 level has been a significant resistance zone. The price broke above this level, retested it, and is now continuing its upward move, indicating strong bullish momentum.
Bullish Engulfing Candle on Daily Timeframe : The formation of a bullish engulfing candle on the daily chart signifies strong buying pressure and suggests potential for further upward movement.
200 EMA Support on Daily Timeframe : The stock is finding support at the 200-day exponential moving average (EMA), reinforcing the overall bullish sentiment and providing a strong support level.
0.382 Fibonacci Support : The price is also supported by the 0.382 Fibonacci retracement level, further strengthening the case for an upward move.
Target - 5420 // 5870
Stoploss - daily close below 4390
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
Nvidia is Going to ZERO. AI Will Not Change the World.Hello Everyone,
Anybody buying NVDA at these levels will suffer the same fate as the Intel (INTC) buyers during the Dotcom bubble. Chances are Jun 20, 2024 was the top and so far we have been making lower highs and lower lows. Weekly timeframe shows a bearish engulfing, however we will need a confirmation dump candle with another follow through candle to confirm further dumping as shown in the chart above.
Massive bearish divergence on weekly and the RSI might be confirming a lower high for the third divergence.
This bearish engulfing candle can be cancelled if we can't close below the candle next week. Whether we still trade around these levels for a little bit longer or dump now, eventually NVDA will be headed towards $5-$10 during this upcoming recession.
The NVDA hype will die during this recession and everybody is going to forget about it and will have many competitors in the future. We may never see NVDA this high again in our lifetime.
Powergrid can become PowerfulPower Grid Corp. of India Ltd. is a holding company, which engages in the power transmission business. It operates through the following segments: Transmission Services, Consultancy Services, and Telecom Services. It is a PSU company with high dividend yield of 3.3% at current market price.
Power Grid Corp. of India Ltd. CMP is 337.40 The positive aspects of the company are moderate Valuation (P.E. =20), Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, Growth in Quarterly Net Profit with increasing Profit Margin and The Negative aspects of the company are Inefficient use of shareholder funds - ROE declining in the last 2 years and Declining Net Cash Flow : Companies not able to generate net cash.
Entry can be taken after closing above 343. Targets in the stock will be 348 and 356. The long-term target in the stock will be 364. Stop loss in the stock should be maintained at Closing below 328 or 291 depending on your risk taking ability.
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.
Ultratech may make not ultra but mild upward moves. UltraTech Cement Ltd. is a holding company, which engages in the manufacture and sale of cement and cement related products. Its products include ordinary portland cement, portland blast furnace slag cement, white cement, and ready mix concrete.
UltraTech Cement Ltd. CMP is 11301.90. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Book Value per share Improving for last 2 years. The Negative aspects of the company are high Valuation (P.E. =46.5), PE higher than Industry PE, MFs decreased their shareholding last quarter, Declining Net Cash Flow : Companies not able to generate net cash.
Entry can be taken after closing above 11380. Targets in the stock will be 11524 and 11707. The long-term target in the stock will be 11893 and 12096. Stop loss in the stock should be maintained at Closing below 10922.
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.
Journal 8.30.24 - $KO - 200% Profit & $WMT 37% Profit in One DayThis is just a quick journal entry talking about the red, green, green setup. You want the weekly to for sure be "in force" and on the day have a red (pullback candle-high < high of candle before it), green candle, then next daily candle green. This is a nice day trade combo.
Dalmia Bharat next week target 1860Dalmia Bharat could be a good stock for the next week which looks better as per technical analysis, the stock is up trending on the daily chart. The stock is trading 53% on the daily chart as per the RSI indicator, indicating the strength of the stock. This stock can prove to be a better option for buying next week.
SMCI This is honestly the last stand.Super Micro Computer Inc. (SMCI) suffered yet another brutal sell-off following the announcement of a delay in filing its 10-K annual report. This may prove to be a catastrophic one as technically not only did it fail exactly on its 1W MA50 (blue trend-line) but also saw the stock test the bottom of its multi-year parabolic support, the Higher Lows Zone since the week of July 05 2022.
This was basically the last time the 1W MA100 (green trend-line) got tested with the current week coming the closest since then. The 1W MA100 last broke during the unexpected COVID flash crash in March 2020, so technically it is the stock's longest Support. If it fails to hold and SMCI closes a 1W candle below it, the long-term parabolic growth pattern is invalidated and we will risk testing the 1W MA200 (orange trend-line) at a price potentially around $250.00.
If on the other hand the 1W MA100 holds (and we will need the news sentiment to drastically reverse in order to achieve that, something that currently can't be seen on the horizon), then we can see another +400% long-term rally, in which case we estimate a Target around $2000, the stock's next critical psychological growth level.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
PALANTIR Correction starting. Short or wait to buy on that levelPalantir Technologies (PLTR) have been trading within a Channel Up since the May 04 2023 Low. Last week the price reached the pattern's top (Higher Highs trend-line) and technically we expect that to be the end of the recent Bullish Leg, as also indicated by the Sine Waves.
Naturally we anticipate a medium-term pull-back in the form of a Bearish Leg. The previous 3 Bearish Legs have been under the form of Lower Highs that broke below the 1D MA50 (blue trend-line) and hit at least the 1D MA100 (green trend-line) before rebounding again into a new Bullish Leg.
As a result, we expect to see at least a test of the 1D MA100, which short sellers can target $26.00. This is also above the minimum %correction we've seen inside this pattern (-25.90%).
The strongest buy signal inside this long-term Channel Up is historically give when the 1D RSI hits the 35.85 - 30.20 Support Zone.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Teva Pharmaceuticals (TEVA) Analysis Company Overview: Teva Pharmaceuticals, a global leader in generics and specialty medicines, is poised for growth as it expands its biosimilar portfolio and resolves major legal challenges.
Key Catalysts:
Biosimilar Launch: NYSE:TEVA plans to launch AVT04, a biosimilar to Johnson & Johnson's blockbuster drug Stelara, by February 2025. Stelara, which generates $10 billion in annual sales, presents a significant market opportunity for Teva as a lower-cost alternative. This biosimilar could drive substantial revenue growth for the company.
Opioid Settlement: The resolution of the $4.3 billion opioid settlement reduces legal uncertainty and allows Teva to focus on business expansion. This development provides a clearer path forward for the company’s financial health.
Operational Improvements: With improved supply chains and enhanced gross margins, Teva is positioned to strengthen profitability. This operational efficiency will be crucial in boosting the company's bottom line as it rolls out new products.
Investment Outlook: Bullish Outlook: We are bullish on TEVA if it holds above the $15.50-$16.00 range. Upside Potential: The upside target for Teva Pharmaceuticals is set at $23.00-$24.00, driven by the upcoming biosimilar launch, legal clarity, and improved operational performance.
💊 Teva Pharmaceuticals—biosimilar potential and legal resolution set to unlock growth! #TEVA #Pharma 🚀📈
Revolve Group (RVLV) AnalysisCompany Overview: Revolve Group, a leading online fashion retailer catering to younger customers, continues to stand out by leveraging AI for personalized shopping experiences and maintaining premium pricing strategies. The company’s ability to integrate technology into its operations provides a competitive advantage in the e-commerce fashion space.
Key Highlights:
Q2 Performance: Co-CEO Mike Karanikolas emphasized Revolve’s strong Q2 performance, driven by improved marketing and logistics. Notably, the company also achieved a reduction in return rates, marking the first decrease in over three years—a significant accomplishment for an online retailer.
Customer Growth: Revolve's active customers increased by 9% year-over-year, with total orders rising by 3%. This demonstrates strong customer engagement and brand loyalty, vital metrics for sustained growth.
Competitive Edge: Revolve’s ability to balance personalized offerings with premium pricing, supported by AI, enhances its appeal to fashion-conscious consumers and bolsters its market positioning.
Investment Outlook: Bullish Outlook: We are bullish on NYSE:RVLV if it holds above the $20.00-$21.00 range. Upside Potential: The upside target for Revolve Group is set at $33.00-$34.00, driven by strong customer engagement, effective cost management, and the company's innovative use of AI.
👗 Revolve Group—leading fashion e-commerce with AI innovation and strong customer growth! #RVLV #FashionTech 🚀📈
VISA Best buy opportunity since 2022.Visa Inc (V) is trading again above its 1W MA50 (blue trend-line) for the 3rd straight week following the rebound on early August's Low. That low apart from a Double Bottom is also a technical Higher Low formed at the bottom of the 2-year Channel Up.
The previous Double Bottom in October 2023 was exactly on the 1W MA50 and even though not at the bottom of the Channel Up, it did manage to kickstart a +27.36% rally. The Bullish Leg before it rose by +34.04% before also correcting back to the 1W MA50.
With the 1W MACD about to form the first Bullish Cross in 9 months, we have at hand the best buy opportunity on Visa, whose last 1W MACD this low was back on the September 2022 bottom! Our Target for the end of the year is $320.00 (+27.36%).
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Knock Knock. Who's There? Vibecession Ft. US Interest RatesHello Everyone,
IMPORTANT: ALL FED POLICIES LEAD TO NEGATIVE OUTCOMES
TLDR AT THE END
In February 2022 the Federal Reserve gave us the fastest rate raising campaign in history to try and combat very high inflation, but they were very late in raising rates causing one of the worst inflation in 40 years. During his speech at Jackson Hole he confirms rate cuts in September due to inflation being under control and the labor market "cooling." Good news is inflation is under control, however this is only the start of our labor market "cooling."
Jerome Powell is extremely late in cutting rates and will be cutting rates because we are getting BAD economic data and the cracks are showing in our labor market, commercial real estate, and banking sectors.
The Federal Reserve 100% KNOWS a recession is coming that is why they are cutting rates. We have Jerome Powell come up on stage sweet talk to us about a soft landing, inflation under control, and how he will cut rates to help the labor market. He's not going to be instilling fear in Americans as a chairman.
Just Remember, ALL FED POLICIES LEAD TO NEGATIVE OUTCOMES. Recession is coming, Sahm rule and inverted yield curve hasn't been wrong and it won't be wrong this time. This time it's not different.
TLDR: Jerome Powell is too late in cutting rates causing a recession
Nas100 - End Of August - Switch up or continue??Hello Traders of the world..
bless up to the new Support 👌
Notes
- Big figure 19,120 hit yesterday.
- We respecting previous daily highs, breaking lows.
- Red folder news today @08:30am - GDP.
Bias for now i am neutral, we had a great bearish week. Heres some interesting facts, the US GDP growth rate is mostly higher in Q2 vs Q1 of the new financial year. GO CHECK, dont be lazy.
With the current forecast set @ 2,8% we should see a rally happen if results are positive. Vice versa for lower results.
Current PA
- We made a GAP pre asia session (POI)
- Price moving higher throughout asia & Uk session (generating liq)
- We have untouched equal highs that need some love. (Buyside)
- Respecting bullish FVG's currently.
maybe a pullback to PDL and expand higher or keep pushing to the moon.. we will have to wait and see
Trade Safe.. ✌🏽
Nasdaq - Nasdaq is waiting for the release of the GDP indexThe index is located between EMA200 and EMA50 in the 4H time frame and is trading below the level of 20,000
If the index continues to rise towards the specified supply zones, which also intersects with the weekly pivot of the index, we can look for sell positions in the Nasdaq index
How Will AeroVironment's $990M U.S. Army Contract Impact Its StoAeroVironment's stock surged after securing a $990 million U.S. Army contract for its Switchblade drones, boosting investor confidence. The deal, aimed at enhancing infantry capabilities, will run through 2029. Following the announcement, analysts from Baird and Alembic Global upgraded AeroVironment's rating, setting new price targets of $220 and $216 respectively. The Switchblade contract is expected to add significant revenue, providing strong visibility for the company's future growth.
SWING IDEA - IEXIndian Energy Exchange (IEX) is exhibiting promising technical signals that suggest a potential swing trade opportunity.
Reasons are listed below :
170 Zone as New Support : The 170 level was previously a resistance zone and has now turned into a support level, indicating strong buying interest.
Hammer Candle on Weekly Timeframe : The formation of a hammer candle on the weekly chart suggests a potential reversal, signaling a shift from a bearish to a bullish trend.
0.5 Fibonacci Support : The stock has found support at the 0.5 Fibonacci retracement level, indicating a potential bounce and continuation of the uptrend.
Trading Above 50 and 200 EMA on Weekly Timeframe : IEX is trading above the 50 and 200-week exponential moving averages, confirming the bullish sentiment and providing strong support levels.
Breaking Consolidation Phase of 2+ Years : The stock is breaking out of a long consolidation phase that lasted over two years, signaling the start of a new bullish trend.
Target - 205 // 245 // 300
Stoploss - weekly close below 155
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
SWING IDEA - WELSPUN LIVING Welspun Living , a leading company in the home textiles sector, is presenting a compelling swing trading opportunity based on several key technical indicators.
Reasons are listed below :
Head and Shoulder Pattern Breakout : The price has broken out of a head and shoulder pattern, indicating a bullish reversal and potential for further upward movement.
170 Resistance Zone Breakout : The 170 level was a significant resistance zone. The price has broken out above this level and is sustaining, indicating strong bullish momentum.
Bullish Marubozu Candle with a Strong Close : The recent formation of a bullish marubozu candle with a strong close signifies strong buying pressure and suggests potential for continued upward movement.
Breaking 3+ Years of Consolidation : The stock is breaking out of a long consolidation phase that lasted over three years, signaling the start of a new bullish trend.
Gradual Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Target - 200 // 250
Stoploss - weekly close below 145
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
PDD is a strong buy after misunderstood earningsPDD (Temu) shares have fallen over 30% after recent earnings implied they have missed their targets by a massive margin, and a cautious comment indicating there might be macro issues going ahead.
However, only revenue has missed targets - by only 3% - effectively meeting the markets sky-high expectations.
Looking at the actual releases, EPS is 2.97 in Q2 2024, which actually beat the expectation. The company is still experiencing massive growth - even while, as outlined in the meeting notes around supply chain streamlining, they have simply had some short term costs in this regard.
A 30% drop in share price is an extreme overreaction and I expect a quick and violent retrace once the market has cleared its head.
"Buy when there is blood on the streets" - especially without reason.
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.