Defence companies looking good againConchin shipyard after a 100% rally entered consolidation phase afterwards. During the previous week bulls were able to close it above a recent resistance of 1120 making a strong candle. Stock becomes a buy above 1130 with a target of 1300 and stop loss below 1050
Swingtrade
SWING IDEA - BALRAMPUR CHINIBALRAMPURCHINI seems to be in a very crucial buying zone.
The reasons are listed below :
Stock price tested 411 levels multiple times and finally broke it and it is retesting those levels
again.
Broke the ascending triangle pattern i.e a bullish sign.
200EMA support on daily timeframe.
Stock was in a consolidation phase from last 1.5 years.
Higher high are being formed.
Support formed at 411 levels which was a strong resistance previously.
Target - 462 // 520
SL - 406 on closing basis
Boeing Stairsteps for Swing TradingNYSE:BA has the most powerful and longest momentum run of all of the 30 Dow components. The company reports earnings on January 24th and the run up implies that the 4th quarter is likely to be better than previous quarters in 2023.
This stock has moved strongly since the bottom in November and has been able to pattern out some of the speculation with stairsteps to keep the run moving upward beyond the resistance level of its range trend.
Some of this movement upward is ETF developers building more ETF units for certain industries and corporations.
Profit-taking is likely soon for this swing trade as it nears the long-term resistance at the 2021 highs. However, there is now support from the range of the August highs.
AJG: Entry, Volume, Target, StopEntry: with price above 219.23
Volume: with volume greater than 955k
Target: 243.31 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up)
Stop: Depending on your risk tolerance; Based on an entry of 219.24, 207.22 gets you 2/1 Reward to Risk Ratio.
This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
SPX500 Swing Short Idea!Price has been consolidating at a major Resistance level where price has dropped dramatically in the past. Short positions between 4600-4630 zone. Targets @ 4395 & 4330
Confluences: Consolidation under Resistance, Hanging Man candle on the weekly timeframe hinting at signs that buyers are losing steam, evidence of Divergence, 50MA and 200MA are at the .50 and .382 of Fib. for take profit targets.
Trade safe and good luck!
Swing Trade Patterns: $NKE ExampleNYSE:NKE stock has a 2-day resting pattern and then a candlestick buy entry signal that is slightly longer than its average price gains in a single day.
Most Volume Oscillators are not at the top of the chart yet. Flow of funds indicators indicates money flowing into this stock.
The higher line is the bottom completion level for this short-term bottom. The resistance is moderate for a swing trade, but the stock could break through if momentum to speculative buying continues.
AUDUSD: Bullish Rally Continues 🇦🇺🇺🇸
As I predicted, AUDUSD perfectly respected the underlined green daily support.
The price formed a high momentum bullish candle after a release of US fundamentals yesterday.
We may anticipate a further growth now to 0.6715 resistance.
❤️Please, support my work with like, thank you!❤️
TTML bouncing from retracementTTML has been consolidating since september 2023 and is now trying to bounce from a crucial level. Fibbonacci 50% retracement level and a prior resistance level of 85 becoming support. Looks good for a long above 92-94 with stop below 85 and targets of 130.
Disclaimer- Just for educational purpose.
potential PSIL breakout from descending wedge. 5:1 RR, PSIL etf looks to be breaking out above the descending wedge it has been consolidating in. Top holding for the ETF (CYBN) is holding a meeting on Nov 30, 2023 to go over results of their clinical study on depression. Could be a breakout time for the psychedelic sector. Waiting for some confirmation on a breakout, and could take profit at 2.25 level.
Disclosure: amateur swing trader, not a pro yet
NVDA Pullback - Ichimoku Time Analysis
Long time viewer of ideas, first time posting. I am in no way an experienced expert in any sort of Technical Analysis, let alone Advanced Ichimoku theory, but have spent the last two years learning Advanced Ichimoku where I can. Have been practicing general TA for the past 5 years otherwise. Posting this idea is intended to be part of my educational journey, and I would love to hear any pointers/feedback/corrections/questions the community might have for me.
Brief Explanation before technical analysis:
This chart pairs Heiken-Ashi candles with Ichimoku Kinko Hyo Time Analysis. The timeframe is 1y/1d. I marked 8/24/23's high of $502.66 as the beginning of our analysis. You can see it is marked with a red "+" symbol above it.
I created an Ichimoku Analysis indicator in pinescript that:
a) plots additional "+" symbols to mark basic & complex numerical values cited by Kinko Hyo time analysis. These values are essentially predicted "turning" dates where volatility may cause a reversal or reinforce a trend.
b) calculates 4 targets based on prices of wave peaks + valleys.
Now on to why I think we're looking at a pullback.
Techical Analysis:
Price Action:
- Increased strength in downward movements since NVDA's big pop on 5/24/23, which was due to strong earnings. We are forming somewhat of a megaphone pattern. I have lightly highlighted these movements.
Trend Analysis:
Heiken-Ashi candles are great when it comes to visualizing trends. Pairing completed formation of one or more trend breaking candles with other supporting factors (MACD, volume, etc) greatly increases chance of timing reversals, or hopping in/out of existing trends. We have completed two trend breaking candles, and are looking at the potential development of a bearish MACD cross.
Ichimoku Analysis:
- Price breaking and closing below tenkansen + means we may retreat to the kijunsen line at the $448 mark. For confirmation I would like to see a candle both open and close below the kijunsen.
- The orange line below point C is the NT-Target calculated from Points A-C. Seeing that we never reached the NT-Target during this last move, I wouldn't be surprised if we saw NVDA reaching the $375 area in this next move. Friday the 24th was also a date where we can experience a reversal, as indicated by the blue "+" under Point D. Our next "turning" date is 12/20/23.
Speculation & Sentiment:
This is more of how I feel personally, and incredibly simplified. I think that NVDA continuing to report fantastic earnings is nothing surprising to the big money out there. I think big money has been sitting on some amazing gains over the last few months, and they are itching to lock those in. I think the fall on earnings was confirmation to big money that NVDA will continue to be a great investment for them to dump money into, and now that they have this confirmation it's time to find a better entry. By dropping the price, big money can dump more money in later to increase their holdings and, well, make even more money. Isn't that always the goal?
There's honestly so much more to address here, including positioning of the components of the ichimoku cloud, but I've already listed the parts of my technical analysis I feel is most important. I've been trading as a hobby for the past five years and have found that these aspects have worked best for me personally.
TL;DR: (my predictions)
1. "Tis but a flesh wound." We could fall down to and bounce off of the tenkansen (currently ~$448) and continue upwards to the E & V-Targets located at $540 - $560. This should be in motion if not complete by 12/20/23.
2. "Robert it go down." I think this is the most likely scenario. We fall to our NT-Target of ~$375 by 12/20/23. I think after this it is very likely big money starts adding some buy pressure, and we will revisit $500 soon(ish) after.
YFI Weekly Chart: Clear breakout from Resistance, aiming at 50KOn weekly chart YFI had a clear breakout from its well tested support at around 5000 range.
After the bounce back from the support it went directly to 15k range within two week, this is a healthy movement.
We can expect minor correct up to 10k in upcoming weeks.
For long term trade we can enter around 12-14K and set our target for 20-25K range and potentially reaching 50k in the middle of the bull run.
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Cheers
GreenCrypto
Orient Green for Swing/Positional Orient Green Power Prediction for Swing/ Positional Trading
You can enter into trade above Entry level (14.70) daily close basis or after 15.6 safely CMP is 14.35 . There is a resistance 15.10-15.6 level. You take it purely on long positional basis also.
Strong Supports are shown in the chart.
Targets- 16,20,30,40,.. (more will be updated later)
Intermediate Targets- See Chart
According to your “STOMACH” book your profit. Always maintain your risk management.
Watch Carefully – The Chart Explains For Itself.
Disclaimer:
I am not a SEBI Registered Analyst. Anything posted here is my own analysis and views. This is created for educational purposes only. Always consult your Financial Advisor before taking any decision or trade.
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Happy trading.
About Orient Green Power –
Orient Green Power Co., Ltd. engages in the production and distribution of renewable energy. It focuses on the development, ownership, and operation of wind energy power plants located in the states of Tamil Nadu and Andhara Pradesh. The company was founded by Thyagarajan Shivaraman in October 2006 and is headquartered in Chennai, India.
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