SWING IDEA - ENDURANCE TECHNOEndurance Technologies , a prominent player in the auto components industry, is exhibiting technical signals that indicate a potential swing trade setup.
Reasons are listed below :
Break of Flag and Pole Pattern : The stock has broken out of a bullish flag and pole pattern, which is typically a continuation pattern signaling further upward momentum.
50 EMA Support on Daily Timeframe : The stock is holding support above the 50-day exponential moving average (EMA), suggesting that the trend is intact and providing a strong base for potential gains.
Bullish Marubozu on Daily Timeframe : The formation of a bullish marubozu candle on the daily chart indicates strong buying pressure, further confirming the upward movement.
Volume Spike : A noticeable increase in trading volumes signals heightened investor interest and adds credibility to the breakout.
Target - 2820 // 3060
Stoploss - daily close below 2400
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Swingtrading
SWING IDEA - CEAT LTDCEAT Ltd , a major player in the tire industry, is currently showing technical signals that suggest a potential swing trade opportunity.
Reasons are listed below:
Break of Symmetrical Triangle Pattern : The stock has broken out of a symmetrical triangle pattern, indicating a potential shift in momentum and the beginning of a new bullish trend.
Bullish Engulfing Pattern on Daily Timeframe : A bullish engulfing pattern has formed on the daily chart, signaling strong buying pressure and a possible continuation of the upward movement.
Support of 50 EMA on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the overall bullish sentiment and providing a strong support level for the current trend.
Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the breakout, indicating strong investor interest and participation in the move.
Constant Higher Highs : The stock has been consistently making higher highs, a classic sign of a strong uptrend, suggesting continued momentum in the upward direction.
Target - 3000 // 3170
Stoploss - Daily close below 2575
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - JMFINANCIALJM Financial , a diversified financial services group offering services in investment banking, brokerage, and asset management, is currently presenting a potential swing trade setup.
Reasons are listed below :
120 Zone Resistance Break : The 120 level has acted as a strong resistance since 2018. The price is now attempting to break through this zone, indicating possible continued upward movement.
Bullish Marubozu Candle on Weekly Timeframe : The formation of a bullish Marubozu candle on the weekly chart suggests strong buying pressure and a potential shift towards higher levels.
Massive Volume Increase : The surge in trading volumes supports the price movement, indicating strong market participation.
Constant Higher Lows : The formation of higher lows signals a consistent upward trend, reflecting increasing bullish sentiment.
Trading Above 50 and 200 EMA : The stock is trading above both the 50 and 200 exponential moving averages, which supports the overall bullish trend and indicates long-term strength.
Target - 150 // 170 // 190
Stoploss - weekly close below 105
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
EURUSD: Your Trading Plan For Next Week Explained 🇪🇺🇺🇸
EURUSD is trading in a long-term bullish trend on a daily.
In September, the price formed a huge ascending triangle formation
- a classic bullish accumulation pattern.
Your strong bullish signal will be a breakout of the underlined resistance
- the neckline of the pattern.
A daily candle close above that will confirm the strength of the buyers
and a bullish trend continuation.
Next goal will be 1.124 then.
❤️Please, support my work with like, thank you!❤️
Tata Communications Swing Trade – VCP Breakout with Bullish MoveOverview:
Tata Communications (NSE: TATACOMM) recently broke above a key resistance level of INR 2070, confirming a Volatility Contraction Pattern (VCP) breakout. With the current price at INR 2126, this presents an ideal opportunity for swing traders to capitalize on the bullish momentum.
Technical Analysis:
VCP Breakout:
The stock has been forming a classic VCP (Volatility Contraction Pattern) over the last few months, characterized by a series of price contractions with each pullback becoming smaller, indicating diminishing volatility.
The breakout above INR 2070 on high volume confirms the end of the contraction phase, signaling that buyers are now in control, which makes this an ideal entry point for a swing trade.
Moving Averages:
The stock is trading well above its 50-day and 200-day moving averages, which are trending upwards, further supporting the bullish outlook. This indicates the presence of a long-term uptrend and adds to the trade's credibility.
RSI & MACD Indicators:
RSI: Currently at 65, showing that the stock still has room to move higher before entering the overbought zone, suggesting further upward potential.
MACD: The MACD line is above the signal line and rising, supporting the breakout confirmation with positive momentum.
Volume Analysis:
The breakout was accompanied by a surge in volume, which is a strong signal of sustained buying interest. This increase in volume validates the VCP breakout and strengthens the likelihood of continued upward movement.
Price Prediction:
Given the strength of the VCP breakout, Tata Communications could see an upward move towards INR 2200 in the short term, with the potential to reach INR 2250 if momentum continues. The immediate support now lies at INR 2070, the previous resistance level, which could act as a cushion in case of pullbacks
Trade Plan:
Entry: Enter at the current price level around INR 2126, as the breakout above INR 2070 has been confirmed.
Stop-Loss: Place a stop-loss below the breakout level at INR 2050 to protect against false breakouts.
Target: First target at INR 2200, with a secondary target at INR 2250.
Risk/Reward:
The risk/reward ratio is favorable at approximately 2.5:1, offering a good opportunity to ride the post-breakout momentum while maintaining a disciplined stop-loss strategy.
Looking Bullish on NIO immediately! A potential huge move soon!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
$AMZN: Fast Rebounds Reveal Fundamental Support LevelThe new technologies that Amazon is embracing, including robots/robotics, and a brilliant CEO keep this huge company moving forward.
The HFT-driven gap down in August was massive but the rebound was fast. This isn't the first time the stock has moved right back up to its prior quarter's fundamental support range, aka Dark Pool Buy Zone.
Now, NASDAQ:AMZN is slightly above that range to challenge the July high. A stock to watch ahead of its earnings report October 24th.
A SWING BULLISH SCENARIO FOR THE POUND?DOLLAR (GBPUSD) PAIRClearly price is in an upward trajectory as price recently gave us a break of structure from July 2023 high which was a pivot point and a strong high for price . Previously we saw price gave us a break of structure to the downside from the highs that were created in may of 2021 around 1.4247 and the low that gave a BOS in sep of 2022 around 1.0343 which prompted price to trade back into premium zone of these two ranges. Price tapped into 0.705 fib level around 1.0309 in July of 2023 and immediately rejected which is normal if price is meant to continue downward. but price sold and found support around 1.0204 in Oct of 2023 which technically means a trendline is activated to support price suggesting market participants expect a possible trending market to the upside . Now recently price has violated 2023 high which was supposed to be intact if we are bearish, thus confriming the possibilitiesof an uptrend. possible next supply zone for price will be equal 2021 highs or monthly bearish ob around 2021 highs. If the consequent encroachment of the ob fails to resist price then price will either use 2021 highs as draw on liquidity to retrace back into fib OTE levels or just break above, either ways that zone is GU's next line of defense.
MOTHERSON paper trade ideas for Swing18.09.2024 Swing trade
Buy- 210
Target-260
Stop Loss-181
Risk Reward- 1:7
#papertrade #learningonly #Swing trade
1.Breakout- Down trend break out @197
2.KeyLevel- At resistance
4.Volume- Volumes increasing in bullish & good volumes in breakout candle
5. EMA- 50 support on day candle
6. RSI-Bullish
7. Chart Petter- W Pattern formation. Expected to give good move
New : REE Automotive raises $45 mln, announces partnership with Motherson Group
Indian auto parts maker Motherson to launch $715 million share sale, sources say
Visa Stock Swing Trade Idea off a weekly demand levelIn a world where financial giants constantly jockey for position, Visa has long stood as a titan in the credit card arena. But with recent headlines buzzing about the Department of Justice's lawsuit against it, you might wonder: Is this the beginning of the end for this stalwart brand? Fear not! While challenges loom, Visa’s resilience and strategic prowess depict enduring strength and stability.
There is a strong weekly demand level that has just gained control. We expect Visa stock to rally in the following days. Let's see what happens.
Vedanta Limited Bullish ( Range breakout daily chart)Vedanta ltd (VEDL) is bullish for next few days or weeks.
Buy on dip will be my favorite condition...but I will wait higher high- higher low creation on smaller time frame.
Price can created 2 conditions-
1. Test previous resistance, which will act as a support then price will bounce.
2. Price will not bounce after consolidation.
I am not SEBI registered and not recommending to buy or sell, this is just my overview as per price action logics.
ASKAUTO strengthening Financias as well as Price Action NSE:ASKAUTOLTD
........................
KEY Performance
........................
Robust growth in both top line & bottom line
Highest ever Revenue & PAT in any quarter in past
Revenue growth outperformed Industry growth
Revenue up +31%, EBITDA up + 59%, PAT up +63%
EBITDA Margins at 11.9%, up 210 bps YoY
EBITDA margin improvement resulting from:
Higher Volume driven economies of scale
Benefit from ramp up of Karoli facility
Focus on cost optimization initiatives
EPS at Rs. 2.88, up +63% YoY
CRISIL revised outlook to Positive from Stable
CRISIL reaffirmed Credit Rating to AA- for
Long Term and A1+ for Short Term
Construction work of new Bengaluru Plant
progressing well as per plan
......................
Powertrain Agnostic product offerings in both EV and Non-EV.
4 World Class Technical Collaborations and 2 World Class Joint Ventures.
Robust financial performance with 17% Revenue growth, 26% EBITDA growth, 41% PAT growth and RoACE of 23.64% in FY24.
High entry barriers due to proprietary material formulations, in-house Engg, Designing & Tool room.
Long standing relationship with customers & established Aftermarket focused on Quality, Cost & Delivery.
NVIDIA (NVDA) - Bullish Momentum Fueled by AI RevolutionKey Fundamentals Supporting Bullish Bias:
1. Surging demand for AI chips driving record-breaking revenue growth
2. Launch of next-gen Blackwell architecture expected to outperform current offerings
3. Expanding market share in data center and cloud computing sectors
4. Strong cash flow and $50 billion share buyback program announced
Utilizing Probabilities for Long Positions:
As a trader, I'm leveraging probabilistic analysis to optimize my long entries on NVIDIA.
By combining fundamental analysis with probabilistic technical analysis, I aim to capitalize on NVIDIA's bullish potential while managing risk effectively.
12M:
2W:
1H:
What's your take on using probabilities in trading? Share your thoughts and experiences in the comments below! Let's discuss how this approach can enhance our trading strategies.
Have a perfect trading week! 🚀
EUR/USD Bearish Outlook: Boost Your Trading EdgeKey Fundamentals Impacting EUR/USD:
- Economic Slowdown in Europe: Recent data suggests that the Eurozone is facing economic challenges, including declining manufacturing output and rising unemployment rates, which could weaken the euro against the dollar.
- Strengthening US Dollar: The Federal Reserve's commitment to maintaining higher interest rates to combat inflation is bolstering the US dollar, making it more attractive to investors.
- Geopolitical Tensions: Ongoing geopolitical issues, particularly in Eastern Europe, are adding uncertainty to the euro's stability, further supporting a bearish outlook.
In my trading strategy for EUR/USD, I am focusing on probabilities to guide my decision-making process.
Take a look at these analyses to see the details behind this trade idea.
1W:
Hourly timeframes:
SWING IDEA - HAVELLS INDIAHavells India , a leading electrical equipment company, is presenting a promising swing trade opportunity.
Reasons are listed below :
Breakthrough of Resistance Zone : The 1450-1500 zone has historically been a strong resistance area. The price has broken through, retested, and is now again breaking previous higher highs, indicating a potential upward momentum.
Bullish Marubozu Candle on Weekly Timeframe : A Marubozu candle, which lacks upper and lower shadows, shows strong bullish sentiment, suggesting continued buying pressure.
Breaking a Long Consolidation Phase : Havells India has emerged from a consolidation phase that lasted over 2.5 years, indicating a potential bullish trend ahead.
Trading Above Key Moving Averages : The stock is trading above the 50 and 200 exponential moving averages on the weekly timeframe. This is a strong indication of a prevailing upward trend.
Higher Highs : The stock is forming higher highs, suggesting that it is in a consistent uptrend and may continue to climb.
Trading at All-Time High : While this indicates a bullish outlook, it is important to monitor the price action for any signs of exhaustion or potential pullbacks.
Target - 1900 // 2100
Stoploss - weekly close below 1450
Disclaimer :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights