The last time stocks and oil prices started performing like this for months on end was prior to the 2008 financial crisis. If Oil prices have already topped, does this mean a precipitous decline is soon to come? Or, will markets simply shake this off? Not so sure. Inflation encourages people to return to the workforce, and even work multiple jobs to stay afloat....
Potential Adam and Eve DOuble Top. Let's see where price is at by the time the Mac D goes tot he lower side. Bears winning candle fight since March 29th. Light sell volume kicking in on 4hr current candle.
JUBLFOOD - Inverted pennant breakout near demand zone Expected Targets - 2800, 2880 & 3085 SL - 2650 One can also add here as investment perspective.
HDFC - Inverse head shoulder breakout. Expecting good targets here - 2540 / 2630 SL - 2400 / 2380
MANAPPURAM FINANCE Long Setup Long above 127 Targets 170, 215+ SL 105 DCB
My Shiba Inu analysis according to price movement and chart trends. This is only for entertainment purposes
Looking at Gamestop (GME) on the weekly charts I wanted to see where it is going in the long and short-term. On the left side we see the massive rally in early 2021 hitting the all time high of $483 and pulling back to around $320. Then in March and June we see to breakouts but failed attempts to take out new all time highs. You see the long upper wicks...
Hey traders, in the coming week we are monitoring US30 for a selling opportunity around 34800 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Technical Analysis and Outlook The current downtrend is in play to Mean Sup 4455, while off-and-on uptrend to the newly created Mean Res 4630 is possible - This is a classic bi-directional price action movement.
I'm looking for a nice recovery in Nike. Not new highs but a nice return none the less. There is a price gap as noted. Likely that is filled IMO.
BMW shares have reached the resistance I mentioned before much steeper than my expectation, this pressure caused this strong bouncing off the zone, but, BMW fans should be aware of fake bullish signals. The price will probably come back and if the resistance will be broken, far lower prices would be expected.
BHEL is PSU which is into engineering and manufacturing capability across several core sectors, including power generation and transmission, transportation, renewables, water, oil & gas and defense & aerospace. X/2 Entry can be taken in BHEL at CMP and second SIP of X/2 entry can be taken above 57 closing. The target for BHEL will be 61.8 and 65.85. In a long run...
HDFC AMC is one of India’s premier asset management company with a Market cap of Rs.48552.9 Crores. Valuation wise it can be considered little expensive as it trades at a PE of 35.5 currently but the point to be noted here is that MFs, FIIs are increasing their stake in this company with no debt and Zero promoter pledge. Entry can be taken at CMP compounding can...
Hey traders, in the coming week we are monitoring US500 for a selling opportunity around 4550 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
By now if you've been paying attention you've heard about the Yield's inverting and why it could mean imminent recession. I am not here to argue one way or the other, just going to look at the data objectively and hopefully use it to gauge where we can be headed over the next few quarters. I will let the chart do most of the speaking but I will give you a few...
Stocks have fallen further after their slight pullback from our target of 4632. We met steep resistance at this level, then drifted downwards a bit, finally taking a dive yesterday. We fell to 4545, one level above where we anticipated support at 4521. The price action does seem to be rounding off, suggesting 4632 might be a top for now. If so, then stocks...
Delivery Hero Short Term - We look to Buy at 37.11 (stop at 34.35) Previous support located at 37.00. Trading within the Channel formation. A higher correction is expected. Choppy price action seen. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 43.98 and 48.59 Resistance: 45.00 /...
True opportunity comes with NO ONE IS LOOKING! Once market participants have written off an instrument as a bad investment... that tends to be the bottom. Palantir NYSE:PLTR has mostly fallen off the radar of most traders and investors as most that bought it in 2021 during the SPAC craze are underwater. There have now been some interesting developments with...