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Astec Lifesciences trying to close above mid channel resistnace.Astec LifeSciences Ltd. engages in the manufacture and sale of agrochemicals and pharmaceutical intermediates. Its products include Tebuconazole, Propiconazole, Hexaconazole, and Difenoconazole. Astec LifeSciences Ltd CMP is 1287.05. The positive aspects of the company are Growth in Net Profit with increasing Profit Margin (QoQ) and Company with Zero Promoter Pledge. The Negative aspects of the company are MFs decreased their shareholding last quarter, Degrowth in Revenue and Profit and Annual net profit declining for last 2 years. Entry can be taken after closing above 1309. Targets in the stock will be 1356 and 1406. The long-term target in the stock will be 1469. Stop loss in the stock should be maintained at Closing below 1247. 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:ASTECLong
by Happy_Candles_Investment
Escorts Kubota trying to bounce after fall and consolidation. Escorts Kubota Ltd. manufactures and supplies agricultural machinery, auto suspension and ancillary products and railway equipment. It operates through the following segments: Agri Machinery Products, Construction Equipment, Railway Equipment and Others. The Agri Machinery Products segment manufactures tractors, lubricants, engine and gensets; and provides crop solutions. The Construction Equipment segment manufactures and markets construction and material handling equipment like cranes, loaders, vibratory rollers, and forklifts. The Railway Equipment segment manufactures railway components, which includes brakes and brake systems, couplers, rail fastening systems, and automatic twist locks. Escorts Kubota Ltd CMP is 4014.95. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding AND MFs increased their shareholding last quarter. The Negative aspects of the company are High PE (PE=42.3), Declining Net Cash Flow : Companies not able to generate net cash, Companies with high market cap, lower public shareholding AND Increasing Trend in Non-Core Income. Entry can be taken after closing above 4020. Targets in the stock will be 4081 and 4191. The long-term target in the stock will be 4305. Stop loss in the stock should be maintained at Closing below 3855. 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:ESCORTSLong
by Happy_Candles_Investment
SMCI You won't be able to catch this rally after it starts.Super Micro Computer (SMCI) has so far followed to near perfection our last long-term analysis (May 13, see chart below) where we called for a prolonged accumulation (red Rectangle) of at least another 2-months before the real cyclical rally started: We called then that 'patience will be rewarded' and the stock is finally close to rewarding your patience on the long-term. As you can see, every time in the past 18 months that the stock formed an Accumulation Phase this long, it then posted an incredible rally of +417%. Throughout this process, the 1D MA200 (orange trend-line) always remained intact and supported. The rally started when the 1D MA200 got to its closest with the 1D MA50 (blue trend-line), which is the exact situation we're at right now. As a result, we expect the parabolic rally to start any day now and as the title says, once it starts it will be difficult to catch. Typically entries within the Accumulation Phase should be done while it lasts. Our long-term Target is intact at $3500 (exactly +417% from the recent Low). ------------------------------------------------------------------------------- ** 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:SMCILong
by TradingShot
2
IBM is about to break outI mostly trade crypto but when I saw the daily chart of IBM, I could not pass on the opportunity given the nice consolidation set up with a potential W break out. I think IBM is a great buy in the 172-170 zone. My near term price targets are 185 PT1 and 195 PT2. I think IBM will benefit from AI and Quantum compute trend that continues to deliver productivity gains and market moving news and sentiment. I'm accumulating in the buy zone of 172 and below. This is not a financial advice, DYOR.
NYSE:IBM
by CryptoBreakers
2
Kernex Microsystems High Risk but having potential. Kernex Microsystems India Ltd. engages in the manufacture and sale of safety systems and software services for railways. Its products include TrainSHIELD, ACD, LxGuard, SAFELx, CASRY, ATRW, and KTPIS. Kernex Microsystems India Ltd CMP is 511.45. The positive aspects of the company are Company with Low Debt, Consistent Highest Return Stocks over Five Years - Nifty500. The Negative aspects of the company are declining profits, declining net cash flow and a negative PE. Promoter pledges are also high. Entry can be taken after closing above 515. Targets in the stock will be 554 and 584. The long-term target in the stock will be 633 and 670. Stop loss in the stock should be maintained at Closing below 446 or 384 depending on your risk taking ability. 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:KERNEXLong
by Happy_Candles_Investment
JB Chem Pharma looking to climb upwards.J B Chemicals & Pharmaceuticals (JBC) is engaged in the business of manufacturing and marketing of diverse range of pharmaceuticals formulations, herbal remedies and APIs. JBC has its subsidiaries namely Lekar Healthcare Ltd and J.B Life Science Overseas Ltd. J B Chemicals & Pharmaceuticals CMP is 1800.15. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High PE (PE=50.6), MFs decreased their shareholding last quarter, Promoter decreasing their shareholding and Companies not able to generate net cash. Entry can be taken after closing above 1807. Targets in the stock will be 1843 and 1893. The long-term target in the stock will be 1934. Stop loss in the stock should be maintained at Closing below 1673 or 1625 depending on your risk taking ability. 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:JBCHEPHARMLong
by Happy_Candles_Investment
GMM Pfaudler on the verge of a BO after forming double bottom. GMM Pfaudler Ltd. engages in the design, manufacture, and market of chemical processing equipment, which are used in the pharmaceutical, specialty chemicals, agro chemicals, and chemical processing industries. It operates through the following business segments: Glass Lined Equipment; Heavy Engineering; Mixing Systems; Engineered Systems & Acid Recovery; and Filtration and Drying. The firm also offers flouro-polymer products and other equipment such as agitated filter driers, and wiped film evaporators. GMM Pfaudler Ltd. CMP is 1457.10. The positive aspects of the company are Company with Zero Promoter Pledge, FII / FPI or Institutions increasing their shareholding, rising net cash flow and cash from operating activity and MFs increased their shareholding last quarter. The Negative aspects of the company are decline in Revenue and profits. Entry in can be taken after closing above 1467. Targets in the stock will be 1526 and 1571. The long-term target in the stock will be 1653 and 1718. Stop loss in the stock should be maintained at Closing below 1233 or 1143 depending on your risk taking ability. 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:GMMPFAUDLRLong
by Happy_Candles_Investment
TESLA Massive pump to $360 coming based on historical behaviour.Tesla (TSLA) is recovering today after a sharp pull-back yesterday of around -14%. This marks the stock's first serious correction since the rally started in late June. Ahead of an emerging Golden Cross on the 1D time-frame, we looked at Tesla's similar historical patterns since the IPO that offer remarkable insight. First and foremost, Tesla's recent pattern has been an Inverse Head and Shoulders (IH&S), which as we've noted on a previous analysis, was its bottom reversal formation that made the price break above the 3-year Lower Highs Resistance trend-line. Similar IH&S patterns were formed in 2019/20, 2016/17 and 2012/13. So we can claim that there might be a roughly 4-year Cyclical Behavioural Pattern behind Tesla's growth. The word 'growth' is key here as after every such pattern and more importantly a correction of around -15% after breaking above the IH&S, the stock price rallied parabolically into new expansion levels. As you can see on the 2019/20 pattern the correction was around -10%, on the 2016/17 around -15% and on the 2012/13 around -15% as well. Yesterday's -14% correction along with today's sharp recovery to the 0.5 Fib (losses cut by 50%), seems to fulfil this growth pattern. As far as a Target is concerned, on all previous cases, the price reached (and even surpasses significantly) at least the 1.5 Fibonacci extension measuring from the pattern's bottom (Head of the IH&S). In 2019/20 it took the price around 1.5 month to approach the 1.5 Fib while in 2012/13 it took roughly 2 months. As a result, our new medium-term Target on Tesla is $360.00 (marginally below the 1.5 Fib). ------------------------------------------------------------------------------- ** 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:TSLALong
by TradingShot
TESLA Buy the dip, correction nearly over. $285 next short-term.Tesla (TSLA) is bleeding hard today but that shouldn't if you got on that rally early like our June 13 (see chart below) buy signal suggested while the price was still trading in the low 180s: Our long-term Target remains $400.00 and today's sharp correction is nothing but a strong technical buy opportunity. In fact, this pull-back is not stranger to Tesla. The stock has seen a similar rejection near the 2.0 Fibonacci extension during its May - July 2023 rally on the June 21 2023 High. As you can see, the price declined by -13.00% back to the 1.382 Fibonacci level. At the time of the (temporary High), the 1D RSI was at 89.00, roughly where it got rejected today. The price recovered when the RSI was at 57.00. As a result, from a R/R perspective, it is worth taking another buy on the current market price and target the 2.236 Fib extension (similar to the JUly 19 2023 High) at $285.00. ------------------------------------------------------------------------------- ** 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:TSLALong
by TradingShot
2
SPY Has Finally Now Neared Its Final Target Of 570!Traders, It feels as though I have been discussing a SPY top at around 570 for years now and I can see from the history of my posts that this is actually true. I first started with the premise that the U.S. stock market would experience a blow-off top of sorts. Elliot-Wave theory and technicals seemed to support this idea. Though admittedly, I am nowhere near an expert in this area, I went with it, following the technical guidance of those who were. It was not too long thereafter I spotted something on the charts that I was very familiar with. This pattern supported and confirmed the idea that stocks would blow-off. What I spotted was a longer-term (2 year) inverse head and shoulders pattern. This inverse h&s played out and gave me my target of 570. 2 years later, we are finally almost there. Targets are not meant to be absolutely precise. Close enough is both good enough in hand grenades, horseshoes, and in calling market tops/bottoms. Therefore, not wanting to press my luck, I have decided to finally start taking some profit and moving to cash. Though, my target definitely could be exceeded, it is also possible that it may not be reached. I don't think the latter will be the case but I have been wrong before and could be wrong again. If I had to guess rn, I'd say this blow-off top could extend to a time frame just before election shenanigans begin. We are already seeing some of the nonsense here in the U.S. and thus, I know time is running thin. Before all hell breaks loose, SPY could touch 650. And then? Anyone's guess. Best, Stew
AMEX:SPY
by stewdamus
GOOGLE Top of the Channel makes pull-back likely. Buy the dip.Alphabet Inc. (GOOG) has been trading within a Channel Up since the November 03 2022 market bottom and on our last analysis (April 16, see chart below), it gave us an excellent buy entry, hitting eventually our 175.00 Target: Right now the price is more than half-way on the new Bullish Leg but has come very close to the Channel's top (Higher Highs trend-line). Based on the June 07 2023 Top and the previous major Bullish Leg, we might get a pull-back towards the 1D MA50 (blue trend-line), before going for the final Higher High. As as result, we are now willing to buy only after a 1D MA50 contact and Target $210.00, which will represent a +37.60% rise from the recent Higher Low, similar to the Bullish Leg of 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:GOOG
by TradingShot
2
COINBASE targeting $470 after this accumulation is over.Coinbase Global (COIN) has been consolidating around its 1D MA50 (blue trend-line) since late May. The long-term trend remains bullish (since the January 2023 bottom) and is best illustrated by the use of the Fibonacci Channel. Right now the price is exactly on its middle (0.5 Fib level). The stock is no stranger to consolidations like this as within this Channel Up pattern, it has seen another 3 similar Accumulation Phases (green arcs). The minimum rise following such a phase has been +146.82% and it has so far happened twice. The last Bullish Leg is such an example. Technically, the current Accumulation Phase resembles more the one that ended in October 2023. The next time we close a 1W candle above the 1D MA50, COIN will most likely confirm the start of the new Bullish Leg. If we assume it will again rise by the 'minimum' +146.82% rate from May's Low, then expect a direct hit this time at the top (Higher Highs trend-line) of the Channel Up. Our Target is $470.00. ------------------------------------------------------------------------------- ** 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:COINLong
by TradingShot
4