💻Microsoft Corp💻 is Ready to Decrease➖15%🏃♂️ Microsoft Corp is moving near the 🟡 Potential Reversal Zone(PRZ)($437-$422) 🟡.
💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks .
🌊From the theory of Elliott waves , it seems that the macro can complete five main impulse waves in 🟡 Potential Reversal Zone(PRZ)($437-$422) 🟡.
🔔I expect the Microsoft Corp to at least fall to the 🟢 Support zone($368_$342) 🟢 after the completion of wave 5 and the breaking of the Uptrend line .
Microsoft Corp (MSFTUSD) Analyze, Daily time frame⏰.
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Stocksignals
BABA | A trillion dollar criticismChinese tech titan Jack Ma had been having it rough ever since his criticism of Beijing triggered a backlash on his companies and wealth but a recent development may change the tide.
On Friday, China's central bank announced a fine of 7.12 billion yuan, or $985 million, for Ant Group the fintech giant co-founded by Ma that operates the Alipay payments app signaling that its years-long regulatory crackdown is ending.
But the years-long crackdown has taken a heavy toll on Ma's wealth and the market valuations of the companies he holds stakes in. Alibaba the flagship company he cofounded saw a 45%, or $620 billion, drop in market value since shares hit their peak in 2020, per Bloomberg's calculations on Sunday.
Ant Group is now valued at around $78.5 billion marking a steep 75% discount to its valuation of $315 billion in a scuttled IPO before Beijing's regulatory crackdown in 2020.
The collective $850 billion wipe out in Alibaba and Ant's valuations has sent Ma's net worth plunging from about $61 billion in October 2020 to $34.1 billion as of Monday
On a personal level, Ma has also been lying low for more than two years.Ma angered Chinese authorities after giving a speech in October 2020 in which he criticized China's financial regulatory system and claimed Chinese banks were operating with a "pawnshop" mentality. His words prompted intense regulatory scrutiny of his businesses including Alibaba and Ant and a wider crackdown on tech firms in China.
In January, he was spotted in Bangkok, where he visited a Michelin-starred street-food restaurant and watched a Muay Thai fight. He also popped up in Hong Kong in the same month.
In March, Ma returned to a school he founded in his hometown of Hangzhou in eastern China.
In April, he was appointed an honorary professor at the University of Hong Kong. In May, Ma took up a teaching position in Japan, one of the first public roles he has assumed since disappearing from the spotlight in 2020.
Last month, Ma attended the Alibaba Global Mathematics Competition finals in Hangzhou, where Alibaba is based.
Alibaba shares in Hong Kong were up 3% at 86.90 Hong Kong dollars apiece at midday, buoyed by news of the fine. The company's shares in New York closed 8.1% higher at $90.55 apiece on Friday.
APPLE Last chance to buy before $215.We are updating our Apple (AAPL) outlook on our last analysis a month ago (January 04 2024, see chart below) as the price remains under Lower Highs:
The dominant long-term pattern remains a Rising Wedge with the 1W MA50 (red trend-line) providing a strong rebound on February 02, which on the other hand got rejected on the 1D MA50 (blue trend-line). This opens up a short-term window, one final opportunity to buy lower, even below the 1W MA50 where the majority of short-term buyers will be out due to fear of the Rising Wedge bearish break-out.
The previous 2 Channel Down patterns made the final Lower Low on the -0.236 Fibonacci extension. That is a little above 175.00. If the price hits it and at the same time the 1D RSI bounces on its Support Zone, it will most likely be the final buy opportunity. Our medium-term target is intact at the top of the Higher Highs trend-line at $215.00.
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Tata Technologies Trying to bounce after forming a bottom. Tata Technologies Ltd. CMP – 1130.30 ( Long Term Investment Idea) (Potential Candidate for becoming a Portfolio Stock in future)
Market Capitalization Rs 45,852.7Cr
Red Flags:🔴
High Valuation
Declining cash from operations annual
Green Flags:🟢
No debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Happy Candles Number – 42/100
X/2 Fresh Entry/ averaging / compounding after closing above 1132
Final Entry 1166
Targets: 1203, 1227 and 1257
Long term target: 1286, 1348 and 1404
Stop loss: Closing below 1070
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.
PI Industries: a Power Packed Performer trying to form a bottom.PI Industries Ltd. is an Agri-sciences company with strong presence in both domestic and export market. The company has commercialized 4 new molecules during this year, which included 2 new Electronic Chemicals. PI Industries Ltd CMP is 3484.35.
The Negative aspects of the company are High Valuation (P.E. = 35.3), MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, improving annual net profit, Improving cash from operations annual.
Entry can be taken after closing above 3515. Targets in the stock will be 3582 and 3646. The long-term target in the stock will be 3741 and 3805. Stop loss in the stock should be maintained at Closing below 3224.
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.
Policy Bazar looking good for a smart up-move. PB Fintech Ltd. is an integrated online marketing and consulting Company and is in the business of rendering online marketing and information technology consulting/support services largely for the financial service industry, including insurance. PB Fintech Ltd CMP is 933.60.
The Negative aspects of the company are Extremely High Valuation and FIIs decreasing stake. The company's Positive aspects are No debt, MFs are increasing stake, improving annual net profit, Improving cash from operations annual.
Entry can be taken after closing above 942. Targets in the stock will be 958 and 986. The long-term target in the stock will be 1007 and 1029. Stop loss in the stock should be maintained at Closing below 889.
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.
META Is it finally time to correct?Meta Platforms (META) has been among the biggest winners in 2023 and of course is having a great start to 2024 as well. Those who follow us know that we have been big bulls on META even right on its 2022 bottom (see charts below), when most of the market had lost faith in the company's operations, business model and its ability to generate profit.
We even mapped to perfections its V-shaped recovery to new All Time Highs (ATH)
As the company had one of its best 1W candles in history last week following the dividends announcement, we are starting to consider a short/ medium-term pull-back for the stock. This is also justified by historic price action. Since the current large Megaphone pattern started in mid 2018, META has corrected to or below its 0.236 Fibonacci retracement level within a -16.00% to -19.77% decline range, 5 times. On all cases except for the initial 2023 recovery, the 1W RSI was overbought above the 70.00 mark. Right now the 1W RSI is on its most overbought state in history.
As a result, we have a growing belief that it is time for the social media giant to start correcting again. A minimum of -16.00% decline will deliver a $410.00 Target level for META, just below the 0.236 Fibonacci level. Note that during all such declines, the 1W MA5 (blue trend-line) provided support, closing all candles above it.
Do you think it is time for a 4 - 6 week correction?
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Disney: Bullish Reversal, Upside Potential +10% ?Hi Realistic Traders, let's delve into the technical analysis of NYSE:DIS
Following the breakout of the bearish trendline and double bottom pattern (signaling a Bullish Reversal), Disney sustained its upward trajectory beyond the double bottom and the EMA90 Line. Furthermore, a falling wedge pattern emerged near the EMA90 Line, suggesting a continuation of the bullish trend. Subsequently, the price surpassed the falling wedge pattern, accompanied by the MACD line crossing above the signal line, reinforcing the likelihood of a bullish signal toward the target area. These technical indicators typically validate the potential for a bullish trend continuation.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Disney."
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RAMA STEEL TUBES - ENTRY POINTCan enter at CMP - 43₹
SL - 32
Targets - 50,60,70+
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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HAPPY TRADING 👍
MISHTANN FOODS - 2 YEARS HIGH BREAKOUTCan enter at CMP 23₹
or enter at 21₹
Target - 35.55
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
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AMD Has it finally topped? Short-term sell in order?Advanced Micro Devices (AMD) has been rising non-stop giving us excellent pull-back buy opportunities since our December 12 2023 analysis (see chart below):
This time however it has gone as close to the top of the 18-month Channel Up as it has been since the beginning and is printing the same peak pattern it has formed during all previous Higher High formations. In addition, the 1D RSI is on Lower Highs that just broke below the Higher Lows and that has been the Sell Signal during the previous three occurrences.
We are targeting a minimum of -19.38% decline such as on the June 26 2023 Low. If the 1D MA100 (green trend-line) breaks, we will open another one to target the 1D MA200 (orange trend-line) and 0.382 Fibonacci Channel level at 130.00, which will represent a -29.77% drop, being the total decline on the October 26 2023 Low.
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CVNA:NYSE will reach $130-$135 in 2024NYSE:CVNA CVNA:NYSE will reach $130-$135 in 2024.
Given the market signals outlined below for CARVANA CO. (CVNA:NYSE) on the weekly chart (W1):
1. RSI convergence
2. Gradual narrowing of the price channel
3. Substantial volume observed in bottom fishing
4. Decreased volume during recent corrections
The CVNA stock exhibits indications that suggest a potential attainment of the price range between 130-135 by the year 2024.
PALANTIR starting a new multi-month rally to $45Palantir (PLTR) has been trading within a long-term Channel Up pattern every since the August 05 2022 High. The recent consolidation within the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) was successful as it held the latter as Support and broke above the former. Since we are technically on the 2nd long-term Bullish Leg of the Channel Up, this break-out, along with the 1D RSI breaking above its Lower Highs trend-line, should set in motion a multi-month rally similar to the one that started on the May 04 2023 Low.
This gives us three Targets to aim in succession:
a) $24.50, which represents a +58.90% rise such as the one that peaked on November 21 2023.
b) $37.00, which represents a +136.51% rise such as the one that peaked on June 07 2023.
c) $45.00, which represents a +243.33% rise such as the one that peaked on August 01 2023.
The latter two would break the original (blue) Channel Up and start a divering (dotted) more aggressive one.
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COINBASE Has it found a bottom? Caution if it breaks this level.Last time we looked into Coinbase (COIN), we set a long-term target of $150 (November 14 2023, see chart below) that was easily surpassed:
At the moment the stock is on a short-term pull-back following the rejection near the 1D MA50 (blue trend-line). It is approaching a dangerous level, the 0.5 Fibonacci of the Channel Up, which is its middle but most of all the 116.50 level which is the former Resistance level (two Highs on August 04 2022 and on July 14 2023) that could now turn into Support.
If it holds, we can expect a rebound targeting $285, which would be a +146.82% rise, above the top (Higher Highs trend-line) of the Channel Up. If it closes a 1D candle below it though, we expect the price to seek the maximum % decline it has had within this pattern, -47.15%, which would bring the stock around $100 and would be technical test of the 1D MA200 (orange trend-line) and an excellent long-term buy entry, which is what took place on the October 27 2023 bottom. In that case a +146.82% rise would be $245.00 and that would be our Target. Note that at any given price, if the 1D RSI hits the 1-year Support Zone, it will be a solid buy entry regardless.
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VOD Vodafone and MSFT Microsoft Partnership After reaching its May 2010 level, I believe Vodafone (VOD) stock is primed for a rally! Its metrics are outstanding: Forward Dividend & Yield: 0.97 (11.09%) and PE Ratio (TTM): 2.13.
Additionally, there is a significant partnership with Microsoft (MSFT):
Microsoft initiated a 10-year strategic partnership with Vodafone (VOD) aimed at leveraging their respective strengths to create new digital and financial services tailored for businesses, especially small and medium-sized enterprises (SMEs) across Europe and Africa.
The collaboration involves the utilization of Microsoft's generative artificial intelligence (AI) to enhance Vodafone's customer experience, with the goal of delivering a more personalized and differentiated service through various channels.
The partnership seeks to expand and improve Vodafone's managed Internet of Things (IoT) connectivity platform, aiming to scale up the telecommunication company's IoT platform by connecting more devices, vehicles, and machines.
I`m considering the $9 strike price at the money Call for February 16, or the $10 call for March 15.
TESLA made a Channel Down bottom. Buy but watch these breakouts.Tesla (TSLA) has been trading within a Channel Down pattern since the July 19 2023 High (which was an emphatic Lower Highs rejection on the ATH Lower Highs trend-line of the November 04 2021 All Time High) and on our last analysis (January 12, see chart below) we called for a tight SL buy but mentioned the importance of taking the loss quickly if the April 27 2023 trend-line broke and reverse to a sell on a $180.00 Target:
The price did make that bearish break-out and hit $180.00, a level that has been holding since last Thursday. Even though the fundamentals surrounding the company are very volatile, this is a strong medium-term buy opportunity from a technical perspective. Not only is it at the bottom (Lower Lows trend-line) of the 7-month Channel Down, but also the RSI is forming an Inverse Head and Shoulders pattern, which is a structure that has been formed on every single bottom since the December 27 2022 market bottom.
In fact the 1D RSI reached last Thursday those exact vastly oversold levels (17.50) it has last seen on that global December 2022 (price bottomed on January 06 2023) market bottom. As a result, there are much more reasons to consider the current level a strong medium-term opportunity than not. The technical target is $245.00, which represents a Lower High level slightly lower than a projected +41% rise (last Lower High was +36%, the one before +31%, so we estimate a +5% progression). We will book the profit earlier though if the 1D RSI hits its Resistance Zone before the price reaches $245.00.
If the uptrend is extended and the price breaks above the ATH Lower Highs trend-line (already has 5 rejections since November 2021), we will take it as a bullish break-out signal and target $315.00, which is the September 21 2022 Triple Top. On the other hand, if the stock closes a 1D candle below the Lower Lows (bottom) trend-line of the 7-month Channel Down, we will sell and target $152.50, which is the Support 2 level.
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RIVIAN Low risk buy opportunity at least on the short-term.Rivian Automotive (RIVN) hit the $21.00 Target following our November 29 2023 (see chart below) buy call but even though it confidently broke above the Bearish Megaphone, the price corrected aggressively back even below the Higher Lows Zone:
The price is at the moment coming off an oversold 1D RSI Double Bottom, naturally below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line). Even though the long-term pattern remains a Channel Up (blue), we have to consider the possibility of the (dashed) Channel Down breaking below it and establishing a new long-term trend. Until that happens, this is a short-term buy opportunity, with our Target being $23.00, right at the top of the Channel Down, on the (dotted) median of the Channel Up, representing a +62.17% rise from the Channel's bottom, similar to the December 26 2023 Lower High (peak).
If then we get a 1W candle closing above the 1W MA100 (yellow trend-line), which will be the stock's first time to do so, we will buy the bullish break-out and pursue our long-term Target of $35.50, which will represent a +142.79% rise from the bottom, similar to the last Bullish Leg of the long-term Channel Up that peaked on July 27 2023.
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Eris looking attractive.Eris Lifesciences Ltd. is presently engaged in manufacturing and marketing of pharmaceutical products. It has presence in high growth chronic, sub chronic and acute therapeutic areas that require high intervention of specialist and super specialist doctors. Apart from this, it has a portfolio of 112 Mother Brands across therapy areas. Eris Lifesciences Ltd CMP is 917.3.
The Negative aspects of the company are High Valuation (P.E. = 32.2), Declining annual net profit, declining cash from operations annual, FIIs are decreasing stake, MFs are decreasing stake, High promoter pledge, Promoter Holding decreasing. The positive aspects of the company are No debt.
Entry can be taken after closing above 936. Targets in the stock will be 952 and 972. The long-term target in the stock will be 988 and 1020. Stop loss in the stock should be maintained at Closing below 806.
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.
Kotak bank looking strong amidst debris created by volatilityKotak Mahindra Bank Ltd. is the flagship company of the Kotak Group. It is one amongst the fastest growing banks and most admired financial institutions in India. The Bank offers transaction banking, operates lending verticals, manages IPOs and provides working capital loans. The principal business activities of the Bank are organised into consumer banking, commercial banking, corporate banking, treasury, and other financial services. Kotak Mahindra Bank Ltd CMP is 1823.6.
The Negative aspects of the company are Declining cash from operations annual, FIIs are decreasing stake, Promoter Holding decreasing. The company's Positive aspects are No debt, zero promoter pledge, MFs are increasing stake, Improving annual net profit.
Entry can be taken after closing above 1833. Targets in the stock will be 1862 and 1886. The long-term target in the stock will be 1909 and 1928. Stop loss in the stock should be maintained at Closing below 1754.
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.
GOOGLE Will it get sold after the Earnings?Alphabet Inc. (Google/ GOOG) is reporting Earnings today and the focus is whether or not they can keep fueling this strong multi-weak rally or cause a correction. Last time we looked into this stock (November 27 2023, see chart below), we gave a pull-back buy signal, which easily hit the 145.00 target:
The price is still on the latest Bullish Leg of the 1-year Channel Up pattern, but is getting very close to its top (Higher Highs trend-line). Having a vastly overbought RSI on the 1D time-frame, which in fact is about to reach 80.00, the level which formed the May 22 2023 RSI top, is starting to call for a medium-term sell.
What we are basically looking for is for a 1D RSI Bearish Divergence like the one in late May 2023. More specifically, if the RSI gets rejected now around 80.00, we will wait for it to form a Lower High and short it, if the price remains on Higher Highs, which was what happened on June 06 2023 and was a 1D RSI Bearish Divergence. Ideally we would prefer the price to be above the 1.786 Fibonacci extension level by then. The sell's Target will be $148.50, preferably marginally below the 1D MA50 (blue trend-line).
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