Paradeep Phosphate if you missed it earlier it is not too late.Paradeep Phosphates Ltd. CMP – 66.10
Market Capitalization Rs 5,385.4Cr
Red Flags:🟥
High Valuation (P.E. = 33.7)
Declining annual net profit
Declining cash from operations annual
Promoter Holding decreasing
Green Flags:🟩
Low debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Previous Happy Candles Number – 35/100
New Happy Candles Number – 50/100
Fresh Entry/ averaging / compounding after closing above 67
Targets: 69 and 71
Long term target: 73 and 75
Stop loss: Closing below 58
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.
Stocksignals
NETFLIX Expect this rally to be extended.Almost a month ago (October 31) we gave a strong buy signal (chart below) on Netflix (NFLX) with the price reacting immediately having entered a non-stop rise:
Due to the sheer aggression of the current bullish leg of the Megaphone as compared to its previous ones though, we have to downgrade our medium-term target to $580, which will make a perfect +69.30% rise from the bottom as the July 18 High. Their RSI patterns are quite similar, though obvious that the current is more aggressive, hence will correct equally aggressively at some point, probably early-mid January 2024.
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GOOGLE Buy the pull-back for a $145 Santa's rally.Alphabet Inc (GOOG) gave us a great +20% pre-earnings bullish signal last time we looked at it (July 25) that hit the $140.00 target before pulling back (see chart below):
Right now the price is above the 1D MA50 (blue trend-line), within two Channel Up patterns, with the latter being the (diverging) dotted one. With the 1D RSI hitting its Lower Highs trend-line that has caused technical pull-backs since July 28, we expect a short-term correction near the 1D MA50 and then rebound to price the Channel Up Higher High at $145.00. That will complete a +20% rise from October's bottom, which has been the average % rise for a bullish sequence within 2023.
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Weekend idea 2: DCM Shriram can rise, investing can be idea wiseDCM Shriram Ltd. is a diversified company with business in agriculture, chemicals, plastics, cement, textiles and energy services. DCM Shriram CMP is 938.55.
The Negative aspects of the company are MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs increasing stake, improving annual net profit, and Improving cash from operations annually.
Entry can be taken after closing above 969. Targets in the stock will be 1016 and 1066. The long-term target in the stock will be 1119. Stop loss in the stock should be maintained at Closing below 853.
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.
Weekend Idea 1: HDFC Bank rising from the bottom, can blossom. HDFC Bank Ltd. is engaged in providing a range of banking and financial services including retail banking, wholesale banking and treasury operations. It is one of the top banks in the country. HDFC Bank Ltd CMP is 1532.10.
The Positive aspects of the company are Low debt, zero promoter pledge, FIIs increasing stake, MFs increasing stake, improving annual net profit, and Improving cash from operations annually.
Entry can be taken after closing above 1536. Targets in the stock will be 1605, 1641 and 1675. The long-term target in the stock will be 1719 and 1758. Stop loss in the stock should be maintained at Closing below 1400.
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.
TESLA Bullish long-term if this level breaks, targeting $365.We have presented our short-term view on Tesla (TSLA) 3 weeks ago (see chart below) when we issued a buy signal on the Inverse Head and Shoulders (IH&S) bottom pattern that transitioned into a Channel Up, similar to the Aug 18 - Sep 15 bullish leg, that is very near to hit the $250 target as part of the Lower High formation on the 4-month Channel Down:
On the 1W time-frame, we see that the bullish trend of 2023 is still restricted by a long-term Lower Highs trend-line that started on the week of November 01 2021, which was the All Time High for the stock. If this Lower Highs trend-line (can be also viewed as the top of a Channel Down that only broke during the Dec 2022 - Jan 2023 market bottom formation) breaks, then Tesla most likely restores the bullish trend on the long-term.
It is very likely to do so immediately in the coming weeks as the correction since July can be interpreted as the Right Shoulder of a very wide Inverted Head and Shoulders (IH&S) pattern. If symmetry indeed exists between the two Shoulders, then Tesla aims at $365 long-term.
Since however we like to minimize risks at Tradingshot and take one target at a time, we will initially target $295, which would make a +52.28% rise from the October 30 Low, the lowest registered rise since the Bear Cycle started, and then buy after a pull-back.
Note that the 1W RSI already bounced on the Buy Zone that only failed once to give a rally, during the Dec 2022 - Jan 2023 market bottom formation, while the 1W MACD is close to forming a Bullish Cross, when all previous (three in total) occurrences delivered rallies of over +50%.
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ROCKET LAB can give +100% return. Best stock opportunity now?Rocket Lab USD (RKLB) has been consolidating for exactly one month (blue Arc pattern) after touching the Higher Lows Zone and now uses the 1D MA50 (blue trend-line) as its Pivot. We can see the very same consolidation pattern during the previous two market Lows (April - May 2023, June - July 2022), which gave enormous rallies of +114.46% and +105.08% respectively.
Similar with today's pattern, each bottom was priced on a 1D RSI Higher Lows sequence, which is a major Bullish Divergence. As a result we consider this one of the best high cap stock buy opportunities at the moment, and aim for at least a +105.08% rise, targeting $8.20.
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Thyrocare can thrust upwards from here in the long termThyrocare Technology Ltd. CMP – 560.40 (Long Term Investment Idea)
Market Capitalization Rs 2,966.2Cr
Red Flags:🟥
High Valuation (P.E. = 45.7)
Declining annual net profit
MFs are decreasing stake
High promoter pledge
Green Flags:🟩
No debt
FIIs are increasing stake
Improving cash from operations annual
Dividend Yield @CMP = 3.34%
Previous Happy Candles Number – 41/100
New Happy Candles Number – 43/100
Fresh Entry/ averaging / compounding after closing above 567
Targets: 585 and 606
Long term target: 630 and 674
Stop loss: Closing below 516
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.
SNAP Potential bearish reversal. MACD to confirm the sell. Snap Inc (SNAP) has been on a strong rise since the September 26 Low. Technically since the October 21 2022 market bottom, the stock has been trading within a wide Rectangle pattern, with the majority of its price action observed within the (blue) High Volatility Zone consisting of the 0.236 - 0.618 Fibonacci range. The price is currently on the 0.236 Fib.
Every 1D MACD Bearish Cross above the 0.00 mark, following a rally that started with a Bullish Cross below 0.00, has been a great sell opportunity. Our target is exactly on the 0.618 Fib at 9.85 (the bottom of the High Volatility Zone), which will also make a perfect contact with the (green) Ichimoku Cloud. Notice the harmonic trend of the Ichimoku Cloud within this long-term Rectangle. Every decline tends to hit it.
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NVIDIA Incredible strength long-term. Is $1100 realistic?NVIDIA Corporation (NVDA) gave us a great bottom buy entry last time (October 22) we made a call on it and invalidated the Head and Shoulders pattern (see chart below):
This time we look at it on the 1W time-frame where it is on the 4th straight green weekly candle, approaching the Higher Highs trend-line. The 0.236 Fibonacci retracement level and the 1W MA50 (blue trend-line) provide Support, while the 1W RSI is on a Bearish Divergence (Channel Down) but the 1W MACD is about to form a Bullish Cross.
The last we had the above combination of indicators, was February 16 2021. At the time, the 1W MACD failed to make the Bullish Cross and the stock pulled back to the 1W MA50 but when it formed the Cross on April 12 2021, it broke above the Higher Highs. What followed was a 7-month rally to the -0.618 Fibonacci extension.
As you can see, the symmetry between the two fractals is striking. When the MACD Bullish Cross takes place, we would assume a similar rise and the -0.618 Fib target will be at $1100. Is that in your opinion realistic for Q3 2024?
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META Buy only if this trend-line breaks.Meta Platforms (META) hit last week the top (Higher Highs trend-line) of the Ascending Triangle pattern after breaking the previous High (Resistance 1 at 330.00). This is so far the peak of the technical rally and we will buy only after 1D MA50 (blue trend-line) pull-back (1D RSI ideally on the Support Zone) or if the price closes a 1D candle above the Higher Highs trend-line first. In both cases, the bullish target will be 384.50. Until though the Higher Highs trend-line breaks, we will be selling, targeting 320.00.
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AMAZON The rally isn't over yet. Still time to buy and profit.Last time we looked into Amazon (AMZN) on October 30, we called a bullish break-out signal, which in two weeks hit our $146.00 target (see chart below):
We zoom out on the 1D time-frame now in order to identify the longer term patterns involved. Based on the 1D RSI which is pricing a Support on the former Lower Highs trend-line, we can see the very same formation on January 18, above the 1D MA50 (blue trend-line). This was also after a break-out above a Falling Wedge, a pattern which formed the market bottom of the Inflation Crisis.
The stock shortly after completed a +39.84% rise and peaked just over the 1.382 Fibonacci extension. As a result, we are now targeting initially 156.50 (1.382 Fib) and early in January 165.00 (+39.84% from the bottom).
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Dow Jones To 34150 $DowJones is going to be in downtrend in next few days while dollar going to be stronger.
Follow To Get More Signals.
If you’re trader and looking for professional technical analysis advice for your trades, send us your case and we’ll serve you.
Don’t be hesitate to contact us.
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COINBASE above the 1W MA100 for the first time ever.Coinbase Global (COIN) broke on Thursday above the 1W MA100 (red trend-line) for the first time in its trading history, following a strong rebound on the 1D MA200 (orange trend-line). The prevailing pattern is a Channel Up, which with the help of the Fibonacci Channel extensions, gets put into a better context.
The 1D RSI shows that there is one pump left on the current rise, similar to the previous two bullish sequences of the Channel Up. Since the 116.50 Resistance 1 level has been unbroken for more than a year, our first target is 115.00, which will make an ideal technical Higher High for the Channel Up.
Beyond that, we will buy after a rejection to the 1D MA50 (blue trend-line) again. In the event that a 1D candle closes above Resistance 1, we will have a bullish break-out in our hands and again after a pull-back (this time not as deep as the 1D MA50), the trend should extend to 150.00 and the 1.5 Fibonacci Channel extension.
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APPLE This rally isn't done yetApple (AAPL) is on an enormous +12.5% rally since the October 26 bottom on the 1W MA50 (red trend-line). Last week, the price even broke above the top (Lower Highs trend-line) of the Falling Wedge pattern and then the 1D MA100 (green trend-line).
Despite the successive break-outs, this rally may not be technically over as the very same Falling Wedge break-out fractal in March 2022 extended as high as the 0.9 Fibonacci retracement level. As a result, we can see an extension to $195.00 before any short/ medium-term pull-back to the 1D MA50 (blue trend-line) again.
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PALANTIR May fractal points to $24.50 before years end.Palantir (PLTR) a week ago above the top (Lower Highs trend-line) of its medium-term Descending Triangle pattern, and has been basically consolidating this whole week but notably on a series of (minor) red candles. This is similar to what turned out to be a Bull Flag pattern of May 10 - 15.
Surprisingly, the stock had also broken above the Lower Highs trend-line of its Descending Triangle at the time, and with the support of the 1D MA50 (blue trend-line), it registered a remarkable (almost) +180% rally on the August 01 Top. Although in order to attract a rally of equal proportions, a strong fundamental catalyst would be needed, we can deem the 1.5 Fibonacci extension, a feasible technical target by the end of December, as it can even be within the borders of a Channel Up.
As a result, as long as the 1D MA50 is supporting, we have a medium-term target at $24.50 on PLTR.
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Why Boiron Stock Deserves Attention. Stock to buyAre you a believer in the power of natural remedies and alternative medicine? If so, get ready to discover a hidden gem in healthcare stock investments – Boiron stock. Homeopathy has been gaining traction as an effective and holistic approach to healing for centuries, and now it’s time to uncover its potential from an investor’s perspective. Join me as I delve into why Boiron stock deserves your attention, unravelling the mysteries behind this ancient practice and exploring the promising future. Get ready to be captivated by the untapped opportunities waiting within this fascinating industry!
The stock has reached a solid monthly demand imbalance at €39 per share. The price of this French stock has already started to rally since the imbalance took control last 23rd October 2023. Watch the video below for a complete analysis of this French stock.
AMD A great long-term buy. First Bullish Cross after 1 year!Advanced Micro Devices (AMD) rose on its most aggressive 1W green candle last week since May 22, as it tested and closed above the 1W MA50 (blue trend-line), which is the long-term Support. This MA level was also tested and held on the week of May 01, which shows that the market has a clear buy zone, despite at times the not so encouraging macro-economics.
Last week's rise also broke above the 5-month Channel Down, which puts it back as a long-term Bull Flag, as it also held the Higher Lows Zone from the October 2022 market bottom.
Perhaps the most important development is the emergence of a Bullish Cross on the 1W MACD, the first since November 14 2022, essentially after a whole year. The minimum rise of AMD's bullish legs since then was +35.24% so we expect this to be fulfilled at $126.00 and then buy the pull-back on the 1D MA50 (red trend-line). With that, we will target $133.15 (Resistance 1). That bullish leg has the potential to test the $164.85 All Time High (ATH) and we will buy it if we close a 1W candle above Resistance 1.
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The Expected Bounce was on Queue. Tomorrow We Drop.Traders,
We have been batting 1000 lately when it comes to the SPY. Might as well make another bold prediction. It would seem that the greatest probability of price action is outlined in the chart. An inverse H&S is forming and the right shoulder has yet to start.
I predicted the target down from the last H&S pattern to be 410. That was hit, almost to the dollar. I then predicted a huge bounce. We have that now. In fact, 7 days of green candles! Amazing. I even predicted the timing of the bounce. The charts gave me all of this data. I just had to read it correctly.
Now, the chart is telling me that it's time for a bit of a pause. If correct, we should see the right shoulder from that inverse H&S drawn now begin to form. If we're lucky we stay in my outlined green channel by using that 200 day ma near the bottom of the channel as support.
Blowoff top underway!
LFG!
Stew
TESLA Can it reach $345 in January based on this Channel Up?Tesla (TSLA) has been trading within a Channel Up pattern ever since the January 03 2023 market bottom. Since last week, it is staging a rebound sequence as it hit and held (closed 1W candle above it) the 1W MA50 (blue trend-line) which happens to be on top of the 1W MA200 (orange trend-line). Technically that is the bullish leg towards a new Higher High.
However, the last Higher High of the Channel Up was rejected on the Lower Highs trend-line that remains in effect since the November 01 2021 All Time High (ATH), which is essentially the major Resistance of the 2022 Bear Cycle. If it breaks above it, we can expect a Higher High bullish sequence towards $345 at least, since it would represent a +75% rise from last week's bottom (Higher Low), assuming the Higher Highs are on a -$20 decline rate.
Notice also the fair flipped symmetry of the 1W RSI after the January 2023 bottom and the price action before it. If it holds the Support as it held it during the Bear Cycle, we can even see $400 early in Q3 2024.
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TESLA Inverse Head and Shoulders starting a rally?Tesla (TSLA) has been trading within a Falling Wedge pattern of Lower Highs (Resistance) and Lower Lows (Support). The 4H MACD formed a Bullish Cross 2 days ago and last time we saw such a bullish formation this low, was on August 21. That was straight after the first Low of the Falling Wedge, which initiated the bullish sequence that formed the Lower High of September 15 marginally below the 0.786 Fibonacci retracement level.
The August Falling Wedge Low was, on a shorter term framework, the Head of an Inverse Head and Shoulders (IH&S) pattern. Technically this is a bullish reversal pattern seen on market bottoms and as we saw it didn't fail to deliver a rebound. Typically their targets are the 2.0 Fibonacci extension only that time the rise exceeded it.
We see the same kind of IH&S emerging on the current bottom of the Wedge and now is forming its Right Shoulder. This time, the 2.0 Fib ext of the IH&S is marginally below the 0.786 Fib retracement level from the Wedge's last Lower High. As a result, we will target $250, which meets all the criteria for a new Lower High of the Falling Wedge.
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RIVIAN hit the long-term Buy Zone. Target $21.00.Rivian Automotive (RIVN) hit the Higher Lows Zone and the 1D MACD is close to forming a Bullish Cross. This is a strong bullish combo signal but attention is needed as the price is below both the 1D MA200 (orange trend-line) and the 1D MA50 (blue trend-line).
The pattern since the July 27 top is a Bearish Megaphone and Tuesday's low isn't only a Higher Low on the Support Zone but also a technical Lower Low on the Megaphone's bottom. The previous Lower Low rebound formed a top on the 0.618 Fibonacci level. As a result our short-term bullish target is $21.00.
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