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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. ------------------------------------------------------------------------------- ** 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:RIVNLong
by TradingShot
2
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.
NSE:ERISLong
by Happy_Candles_Investment
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.
NSE:KOTAKBANKLong
by Happy_Candles_Investment
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). ------------------------------------------------------------------------------- ** 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:GOOGShort
by TradingShot
MICROSOFT How to trade as the Earnings approach?Microsoft (MSFT) is set to report the Earnings on Tuesday and last time we gave gave a pull-back buy signal (December 01 2023, see chart below) we caught the exact bottom: Our original long-term Target was $460.00 but we have to downgrade it to $440.00. On the short-term it may be wise to take most or at least some of the profit if the 1D MA20 (red trend-line) as this has been a medium-term sell signal on July 26 2023. It's not just potentially lower than expected Earnings that may turn the trend bearish on the medium-term but also the Fed, which announce the Rate Decision on Wednesday. As a result, if the price breaks below the 1D MA20, we will short and target the 1D MA100 (green trend-line) at $370.00 where we will add another long-term buy position. Notice that the 1D CCI indicator and the correlation with the 2023 price action, shows that both scenarios are equally likely at the moment. ------------------------------------------------------------------------------- ** 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:MSFT
by TradingShot
MSFT: Hidden Bullish Divergence, Upside Potential+7%? Hi Realistic Traders, let's delve into the technical analysis of NASDAQ:MSFT Microsoft's current price action analysis (MSFT) reveals several significant indicators suggesting a favorable bullish trend. Firstly, the stock consistently trades above the Exponential Moving Average (EMA) 34 line, signaling a robust bullish trend. Additionally, a recent development in a symmetrical triangle formation has been observed, followed by a decisive breakout from this pattern. Moreover, the momentum indicator has exhibited a hidden bullish divergence, reinforcing the positive outlook. This confluence of technical signals indicates a strong likelihood of Microsoft continuing its upward trajectory. In our analysis, we anticipate a potential pullback to the previous resistance zone before resuming its bullish trend, with the initial target in sight. Further, we identify a second target for potential gains, underlining the prospect of sustained positive momentum in MSFT's market performance. 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 Microsoft." Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
NASDAQ:MSFTLong
by financialfreedomgoals101
7
Dow JonesMain analysis on #DowJones US30 is this. We hit a ST top soon around 38,500-39,000. Then we retest the 2021 high breakout before running straight parabolic all gas no breaks bears slaughtered all the way up to 44,150. Then major 4th can hit. So Just be warned now. Once 36,400 flips into support there will be 0 rest for bears. It will be explosive and relentless. Like Toyota Supra filled with Nitrogen and twin turbo engine running at peak performance level. And BigMike & BigMikes team will be Bulls, laughing all the way to the f**king bank. FYI 😉
DJ:DJILong
by Big_Mike716
Most overbought condition 1) Most overbought condition since May 2021 on the weekly RSI 14. 2) Converging trendlines at 38,200 stretching back since late 2021 create solid roof tested 3 times at least on 2 separate trend-lines which would make for a very tough level to break, especially when it's this overbought. ***A correction down to retest the connecting lows trend-line since late 2022 would make a lot of sense even if a new high would be reached in the future, a correction down is very likely in the current technical condition - Which would be down to the 34,200 floor.
BLACKBULL:US30Short
by Exactus
4
Netflix : Elliott Wave Analysis 🌊 In the aftermath of Netflix's Earnings Call, witness a remarkable 7% surge in after-hours trading! The intricate chart unfolds the completion of the initial cycle in July 2020, marked by an expanded Flat and Wave II concluding around $165. Embarking on a new Wave (1), the chart showcases an engaging 5-wave structure to the upside. Upon our analysis, the low of Wave 4 hints at an impulsive rise for Wave ((iii)), targeting a range between 227% and 361%. Anticipating stabilization around $575, the narrative continues with the formation of Wave ((iv)), paving the way for the final ascent of Wave 5. This strategic sequence defines the overarching Wave (1), setting the stage for a robust sell-off in Wave (2) before the next surge of streaming momentum. 🚀🎥
NASDAQ:NFLXLong
by stromm_by_wmc
5
NETFLIX Will the stream giant correct after the Earnings?Netflix (NFLX) is reporting Earnings today and what we see from the past 4 weeks that has been unable to make new Highs, it might be pricing a peak. That peak might be a technical Higher High formation on the 1.5 year Channel Up, which is the Earnings disappoint, can initiate a medium-term correction towards the 1W MA200 (orange trend-line) and 1W MA50 (blue trend-line) Support Zone. The technical confirmation for a sell will most likely be a 1W candle closing below the 1D MA50 (red trend-line), which has been the standard support of uptrends within the Channel Up. In addition to that, we will be expecting to see the 1W MACD form a Bearish Cross. On that signal, we will target 425.00. ------------------------------------------------------------------------------- ** 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:NFLXShort
by TradingShot
1
The Bank that India banks on SBI, looking towards an uptrend.State Bank of India is an Indian multinational public sector bank and financial services. SBI is one of premier Indian bank which is also a Public Sector bank. The positive aspect of the company is Zero Promoter pledge, Book value of the share increasing, FIIs increasing stake in the bank, Annual net profits are increasing, revenue of the bank is also increasing. The negative aspect of SBI is Mutual Funds are decreasing and there is a noted decrease in net cash flow of the company. Entry in the stock can be taken after closing above 636. Targets for SBI will be 646 and 659. Long term targets in SBI will be 671 and 688. Stop loss in SBI can be maintained at a weekly closing below 588. 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:SBINLong
by Happy_Candles_Investment
Ratnamani can benefit many if it closes above Mother Line.Ratnamani Metals & tubes Ltd. is a company manufacturing pipes and tubes of Mild steel, Stainless steel, Alloy steel as well as Titanium welded tubes. They also provide anti-corrosive coating solutions for pipes in addition to induction bending solutions. Negative aspect of the company is that Mutual funds are decreasing stake and net cash flow is on a decline. PE ratio of the company is 37.2 which is a bit on the higher side. Positive aspects of the company are low debt and Zero promoter pledge. Entry in the stock can be taken after closing above 3318. Targets will be 3440 and 3546. Long term target in the company will be 3652. Stop loss should be maintained in the stock at a closing below 3242. 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:RATNAMANILong
by Happy_Candles_Investment
CISCO Strong Bullish Break-outCisco Systems (CSCO) is sustainably breaking above the Lower Highs trend-line that started on the September 01 2023 High, which was a Higher High on the 1.5 year Channel Up pattern. This break-out has turned the 1D MA50 (blue trend-line) into a Support and the only barrier that remains before a new bullish wave is the 1D MA200 (orange trend-line). If broken (1D candle closing above it), we will target Resistance 1 at 53.50. Notice how based on the 1D MACD symmetry we are on the exact same consolidation levels (blue ellipse) before which a strong rally followed. ------------------------------------------------------------------------------- ** 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:CSCOLong
by TradingShot