SWING IDEA - ENDURANCE TECHNOEndurance Technologies , a prominent player in the auto components industry, is exhibiting technical signals that indicate a potential swing trade setup.
Reasons are listed below :
Break of Flag and Pole Pattern : The stock has broken out of a bullish flag and pole pattern, which is typically a continuation pattern signaling further upward momentum.
50 EMA Support on Daily Timeframe : The stock is holding support above the 50-day exponential moving average (EMA), suggesting that the trend is intact and providing a strong base for potential gains.
Bullish Marubozu on Daily Timeframe : The formation of a bullish marubozu candle on the daily chart indicates strong buying pressure, further confirming the upward movement.
Volume Spike : A noticeable increase in trading volumes signals heightened investor interest and adds credibility to the breakout.
Target - 2820 // 3060
Stoploss - daily close below 2400
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 - CEAT LTDCEAT Ltd , a major player in the tire industry, is currently showing technical signals that suggest a potential swing trade opportunity.
Reasons are listed below:
Break of Symmetrical Triangle Pattern : The stock has broken out of a symmetrical triangle pattern, indicating a potential shift in momentum and the beginning of a new bullish trend.
Bullish Engulfing Pattern on Daily Timeframe : A bullish engulfing pattern has formed on the daily chart, signaling strong buying pressure and a possible continuation of the upward movement.
Support of 50 EMA on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the overall bullish sentiment and providing a strong support level for the current trend.
Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the breakout, indicating strong investor interest and participation in the move.
Constant Higher Highs : The stock has been consistently making higher highs, a classic sign of a strong uptrend, suggesting continued momentum in the upward direction.
Target - 3000 // 3170
Stoploss - Daily close below 2575
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 - JMFINANCIALJM Financial , a diversified financial services group offering services in investment banking, brokerage, and asset management, is currently presenting a potential swing trade setup.
Reasons are listed below :
120 Zone Resistance Break : The 120 level has acted as a strong resistance since 2018. The price is now attempting to break through this zone, indicating possible continued upward movement.
Bullish Marubozu Candle on Weekly Timeframe : The formation of a bullish Marubozu candle on the weekly chart suggests strong buying pressure and a potential shift towards higher levels.
Massive Volume Increase : The surge in trading volumes supports the price movement, indicating strong market participation.
Constant Higher Lows : The formation of higher lows signals a consistent upward trend, reflecting increasing bullish sentiment.
Trading Above 50 and 200 EMA : The stock is trading above both the 50 and 200 exponential moving averages, which supports the overall bullish trend and indicates long-term strength.
Target - 150 // 170 // 190
Stoploss - weekly close below 105
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
TESLA SWING SHORT|
✅TESLA is about to retest a key structure level of 271.58$
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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KO (Coca-Cola): Ready to Bid on the PullbackIn our last analysis on Coca-Cola, we discussed waiting for the right opportunity to bid on $KO. We believe that opportunity has just presented itself. The stock has seen a solid surge over the past month, which is impressive for a defensive stock like Coca-Cola. The price has now tapped the trendline we mentioned previously, suggesting a possible chance to long the intra wave ((iv)). The RSI is currently heavily overbought, which further aligns with our expectation of a pullback, and Coca-Cola has also respected the 161.8% Fibonacci level quite well so far.
Our plan involves making two entries for this setup. First, we aim to bid at the 38.2% level within the support zone, and if the price continues downward, we will place a second bid at the golden pocket level around $61.24. This two-step entry strategy will allow us to use Dollar Cost Averaging (DCA) to lower our average entry price.
Ideally, before reaching our target entry zones, we would like to see some kind of a three-wave corrective structure develop in NYSE:KO , which would further confirm our entry strategy. We will continue to monitor and provide updates as we approach the levels of interest.
C.E. Info Systems Ltd. (Map my India) can be mapped by investorsC.E. Info Systems Ltd. or Map My India engages in the provision of digital map data, navigation, and tracking services. It offers GPS navigation devices, GPS navigation software products, store locators, vehicle tracking products, APIs for Internet or wireless LBS applications, print and digital maps, decision support systems, and utilities products. The firm also operates an internet portal for maps, directions, and local search.
Map my India CMP is 2162.50. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Annual Net Profits improving for last 2 years and MFs increased their shareholding last quarter. The Negative aspects of the company are High Valuation (P.E. = 85), Stocks Underperforming their Industry Price Change in the Quarter and Declining Net Cash Flow : Companies not able to generate net cash.
Entry can be taken after closing above 2172 Targets in the stock will be 2289, 2395 and 2507. The long-term target in the stock will be 2631, 2688 and 2746. Stop loss in the stock should be maintained at Closing below 2030 or 1970 depending upon 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.
Atul looking attractiveAtul Ltd. engages in the manufacture and marketing of chemical products. It operates through the following segments: Life Science Chemicals, Performance and Other Chemicals, and Others. The Life Science Chemicals segment consists of active pharmaceutical ingredients (API), API intermediates, fungicides, and herbicides. The Performance and Other Chemicals segment includes adhesion promoters, bulk chemicals, epoxy resins and hardeners, intermediates, perfumery, and textile dyes. The Others segment offers agribiotech, food products, and services.
Atul Ltd. CMP is 7665.70. The positive aspects of the company are Company with Low Debt, Stocks Outperforming their Industry Price Change in the Quarter, Increasing Revenue every quarter for the past 2 quarters and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High Valuation (P.E. = 68.1), High promoter stock pledges, MFs decreased their shareholding last quarter, PE higher than Industry PE and Inefficient use of shareholder funds.
Entry can be taken after closing above 7699 Targets in the stock will be 7886 and 8031. The long-term target in the stock will be 8190 and 8515. Stop loss in the stock should be maintained at Closing below 7455 or 6965 depending upon 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.
BTC breaks above 65,000On the back of a larger than expected FED rate cut of .50 risk assets breathe a sigh of relief long held in since the rate cut rumors of Q2 2024. The gains were cemented by a cooler than expected PCE of .1% as opposed to the expected .2% this is the FED’s preferred measure of inflation putting some level of ease to risk asset investor that the FED may turn face on the easing of monetary policies. If this continues a fear people have a of 70’s style inflation issue will be put to rest. China also joined the party will an AGGRESSIVE stimulus packages direct to the people and promises to do more if need be. They also encouraged stock buy backs, if you know anything about the investment market in China the options for quality investment are very limited as the Real Estate market was the main choice but since the Evergrande collapse Chinese investor have had little to no choice. This makes a scenario for crypto investment as an alternative to stocks but the CCP obviously like control so we will if that plays out.
How this affect Crypto bros the short of it is when global liquidity goes up so do assets especially when people get cash in hand example 2020-2021 when everyone and their dog was investing. Now while stimulus direct to consumers is like throwing gas on the fire the FED rate cuts are like throwing a log on embers. The rate cuts take about a year to affect the general economy but the immediate effect is bank to bank loan rate i.e it’s cheaper to take on debt. Now with the rise of NASDAQ:MSTR strategy with other companies this will make it cheaper for companies to take on debt so companies like Metaplanet and other yet to disclose will find the “BTC Yield” more significant to offset loan cost. And lastly all risk assets benefit from low rate environments.
In sum NFA but I would buy CRYPTOCAP:BTC as always and load up on alts while BTC out perform my mix ideally 75% BTC 15% alts and 10% cash for dippy dips
Bitcoin Next Stop 68K!Traders,
In this video:
00:00 - Housekeeping. Thank you all for the polling responses. Greatly appreciated and helps determine site direction tremendously. Quite a few site changes have already been implemented. I will discuss these as well as added new features, services, and what my new indicator system is showing us.
00:08 - The weekly technical analysis and price trajectory for the next few weeks
Alphabet (GOOGL): Gap Fill and the Future of Wave (2)We remain convinced that Alphabet is currently in Wave (2) after the well-defined end of Wave (1) at $197. Following that, we saw a sharp and fast sell-off, which looks more like a Wave A rather than the full Wave (2). This is further supported by the fact that the sell-off respected the 38.2% Fibonacci retracement level perfectly, a typical level for Wave A.
We still have an open gap above, and we believe this should get filled, especially considering the nature of Wave A. We're expecting Wave B to reach between the 61.8% and 78.6% Fibonacci retracement levels. Right between these two levels lies the gap, making it highly likely that this gap will get filled before we continue the downtrend.
Looking further ahead, if you're asking where we would consider buying shares, there are two potential opportunities. The first is around the 50% Fibonacci retracement level and the Point of Control (POC), and the second is lower in what we call the "Great Buy" zone, between $116 and $100. While this might seem like a significant drop, we saw a similar decline in 2022, so nothing is off the table.
We'll keep monitoring this closely for you.
Alibaba (BABA): Stagnation Phase or Momentum Boost?We are currently experiencing a phase of stagnation with Alibaba, as the stock remains in a new accumulation phase after breaking out of the previous one. The price might retest the Point-of-Control along with the trendline that was broken during the breakout, potentially providing a good momentum boost.
Despite the sideways movement, our position remains profitable. From a long-term perspective, our entry looks strong, with a 10% stop-loss from our entry point. The upside potential for Alibaba is significant, given how far the stock is from its historical highs.
The main concern with Alibaba is the jurisdiction risk, as it is a Chinese stock and subject to influences from China, which adds a layer of risk not present with American stocks. Nevertheless, as long as the price stays above $72.38, the outlook remains positive. Losing this level would be unfavorable and could indicate further downside risk.
In summary, we remain optimistic about Alibaba's potential, keeping a close watch on the key support levels to manage risk effectively.
S&P/TSX Composite Index Continues Record-Breaking MomentumCurrent Market Situation:
The S&P/TSX Composite Index closed slightly above 24,050 on Friday, marking a 0.7% weekly gain and continuing its record-breaking trend.
Driving Factors:
Weak GDP data for August pointed to economic stagnation, reinforcing expectations of a dovish stance from the Bank of Canada, which improved market sentiment.
Gains in energy and financial sectors helped buoy the index. Notable stocks like Imperial Oil and TD Bank rose over 0.6%.
Challenges:
Declines in major stocks, including CIBC, TC Energy, and First Quantum, each down over 1.3%, weighed on the broader market's performance.
Outlook:
Despite some sector-specific declines, the index maintained its upward trajectory, remaining poised for a positive close to the week.
#SPTSX #StockMarket #CanadaEconomy #EnergyStocks #FinancialSector #MarketSentiment
EXXON MOBIL Buy signal on the 1D MA200.Exxon Mobil (XOM) has turned sideways since the June 17 Low and yesterday hit and held and 1D MA200 (orange trend-line). Technically this calls for at least a Resistance 1 test on the short-term so we turn bullish, targeting 120.00 (marginally below that level).
If however it turns out that the dominant pattern is indeed now a Channel Up, on the long-term we can see prices as high as the 1.5 Fibonacci extension (131.50), which is where the previous Higher High was priced on April 12 2014.
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Tesla (TSLA) AnalysisCompany Overview: Tesla NASDAQ:TSLA continues to lead the electric vehicle (EV) market, and its ambitious leap into humanoid robotics with the Optimus robot could open up massive new revenue streams. CEO Elon Musk projects this venture could unlock a $200 trillion opportunity, particularly in household and manufacturing applications.
Key Catalysts:
Optimus Robot: Visionary investors like Cathie Wood of ARK Invest estimate a $12 trillion market for humanoid robotics, where Tesla aims to be at the forefront, revolutionizing industries.
Full Self-Driving (FSD): Tesla's advanced FSD technology could be licensed to other automakers, creating new revenue channels. Musk’s long-term goal of launching an autonomous ride-hailing business or robotaxi fleet offers additional upside potential, which could reshape the automotive and transportation landscape.
Expanding Market Potential: Beyond EVs, Tesla's expansion into AI-driven robotics and autonomous vehicles places it at the intersection of multiple high-growth markets.
Investment Outlook: Bullish Outlook: We are bullish on Tesla above $193.00-$195.00, signaling strong confidence in its continued leadership in both the EV and emerging robotics sectors. Upside Potential: Our target for TSLA is $360.00-$370.00, driven by the potential commercialization of humanoid robots and further advancements in autonomous driving technology.
⚡️ TSLA—Driving the Future with Innovation in EVs, AI, and Robotics. #EVs #AI #AutonomousDriving
GOLD --- When Breakout? $2700 Target remains in place. The war against sound money...
keeping a "lid" on the price of the worlds biggest asset
and truly the only real collateral in the world.
Is being slowly lost.
We have a continuation head and shoulders that many people are watching.
But something to note
Is that the previous times #Gold has traded above 2 thousand dollars
The smackdown has been quick and violent.
If you noice in the past few weeks,
the compression of price ,
and the consecutive number of weekly closes above 2k.
Is the most it has ever been.
Are the Bankers ready to let it run...
since they seem to be pumping up all assets prices for the 2024 election.
I think the ramp up to 2.7k could be quite violent... do we get there by summer?
Bullish Stocks, But Watch Pullbacks and Gaps On SP500The stock market has been very bullish over the last two weeks, with strong gains this week following China's policy actions to support their economy. This has had a positive impact on stocks globally, and it’s no surprise to see the S&P 500 trading higher. Looking at the December futures contract, from an Elliott Wave perspective, we can clearly see a five-wave movement up from the September 9th low.
While this bullish momentum continues, it’s important to be cautious as we may be nearing potential resistance in this fifth wave, around the 5,820 to 5,880 area. I think that pullbacks could occur in the next few days, especially if USD stays up with yields. If we do see a correction, the key levels to watch would be the previous swing supports, with the first at 5,754 followed by 5,674. These levels also correspond to regions of open gaps on the cash market, and typically when such gaps are filled, the market can resume its primary trend, which is up. So, if an ABC drop occurs into one of these gaps, it could present an opportunity to rejoin the uptrend in the stock market.
WALMART Short-term correction on the wayLast time we looked at Walmart (WMT) we gave a solid sell signal (March 27, see chart below), which served as a pull-back step for the stock's amazing recent Bullish Leg:
This time, the Channel Up it's been trading on is more aggressive, with each Bullish Leg posting rallies of +22% and 23.60% and bottoms made only just under the 1D MA50 (blue trend-line), presenting easy buy opportunities.
As the moment, the price is already on the Channel's top (Higher Highs trend-line), having completed a +22% rise and technically the maximum it can go to is +23.60%. As a result, we expect a short-term correction now of at least -6.40% (similar to the last one). We estimate that to be around $77.00 and once the 1D MA50 breaks again, we will get our new buy opportunity, possibly on the 4th candle after the break.
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Amd - Targeting New All Time Highs! Amd ( NASDAQ:AMD ) is targeting new all time highs:
Click chart above to see the detailed analysis👆🏻
This month Amd perfectly retested and already rejected the previous resistance which was turned support after the bullish breakout. Following the overall swings inside of the rising channel formation, I do expect Amd to create new all time highs over the next months.
Levels to watch: $250
Keep your long term vision,
Philip (BasicTrading)
SWING IDEA - HAVELLS INDIAHavells India , a leading electrical equipment company, is presenting a promising swing trade opportunity.
Reasons are listed below :
Breakthrough of Resistance Zone : The 1450-1500 zone has historically been a strong resistance area. The price has broken through, retested, and is now again breaking previous higher highs, indicating a potential upward momentum.
Bullish Marubozu Candle on Weekly Timeframe : A Marubozu candle, which lacks upper and lower shadows, shows strong bullish sentiment, suggesting continued buying pressure.
Breaking a Long Consolidation Phase : Havells India has emerged from a consolidation phase that lasted over 2.5 years, indicating a potential bullish trend ahead.
Trading Above Key Moving Averages : The stock is trading above the 50 and 200 exponential moving averages on the weekly timeframe. This is a strong indication of a prevailing upward trend.
Higher Highs : The stock is forming higher highs, suggesting that it is in a consistent uptrend and may continue to climb.
Trading at All-Time High : While this indicates a bullish outlook, it is important to monitor the price action for any signs of exhaustion or potential pullbacks.
Target - 1900 // 2100
Stoploss - weekly close below 1450
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 - MACROTECH DEVELOPERS (LODHA)Macrotech Developers , a prominent real estate company in India, presents a swing trading opportunity based on its current technical setup.
Reasons are listed below:
1200 as a Strong Support Zone : The 1200 level has been a significant support zone, providing a strong foundation for a potential upward move.
Double Bottom Pattern on Daily Timeframe : A double bottom pattern has formed on the daily chart, which is a classic bullish reversal pattern, indicating the potential for an upward trend after testing the support zone twice.
50 EMA Support on Weekly Timeframe : The stock is finding support at the 50-week exponential moving average, which often acts as a strong support level, reinforcing the bullish sentiment.
200 EMA Support on Daily Timeframe : The 200-day exponential moving average is also providing strong support on the daily chart, indicating the long-term trend remains intact.
0.382 Fibonacci Support: The stock has bounced off the 0.382 Fibonacci retracement level, suggesting that the current price level is a strong support area, and there may be further upside potential.
Target - 1415 // 1600
Stoploss - weekly close below 1100
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 - PVR INOXPVR INOX , a leading cinema exhibition company, is displaying technical indicators that suggest a promising swing trading opportunity.
Reasons are listed below :
1440 Resistance Zone : The 1440 level has been a significant resistance zone. The price is now attempting to break through this level, indicating strong bullish momentum.
Bullish Engulfing Candle on Daily Timeframe with Volume : The recent formation of a bullish engulfing candle on the daily chart, accompanied by increased volume, suggests strong buying pressure and potential for further upward movement.
Breaking 5-Month Consolidation : The stock is breaking out of a 5-month consolidation phase, signaling a potential new bullish trend.
Double Bottom Pattern on Weekly Timeframe : The formation of a double bottom pattern on the weekly chart indicates a potential reversal from the downtrend, signaling a bullish outlook.
Bouncing Back from Golden Fibonacci Support : The stock is finding support at the golden Fibonacci retracement level (0.618), a key area where prices often bounce back, indicating potential for an upward move.
Target - 1560 // 1720 // 1825
Stoploss - daily close below 1330
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