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Swingtrading

ASX 200 futures test their luck below resistanceI see a common connection when looking across Wall Street futures, ASX 200 and the Nikkei. They're all retracing higher after a large drop and grinding their way towards resistance levels. And that could appeal to bearish swing traders. ASX 200 futures (SPI) are within their 8th day higher. And as they have only recouped around 2/3rds of the drop rom the fall the record high (and over a longer timeframe than the drop) I suspect a swing high is due. Note Tuesday's doji, and subsequent price action has traded in the upper wick of that doj. A resistance cluster hovers around 7873 - 7900, and we favour fading into any moves towards it with a stop above 7700. Bears could target just above 7700 for a downside target.
ASX24:AP1!Short
by CityIndex
1
USD index looks set to hold 102 (for now)US CPI data may not have been as soft as some would have liked, but it retains the view that the Fed will cut rates and achieve a soft landing. The US dollar index reversed earlier CPI-induced losses to close the day flat on Wednesday and form a small bullish pinbar. Its low almost perfectly respected trend support from the July 2023 low, and shows that demand resides above 102. I suspect the USD index might be in for a small bounce, which could see AUD/USD fall further beneath its 200-day MA (job data pending). Quite how much of a bounce I am not sure, but these levels do not look favourable for bears. Also note that a small bullish divergence ahs formed on the RSI (14), and RSI (2) is also oversold to suggest bullish mean reversion is due.
ICEUS:DX1!
by CityIndex
SWING IDEA - APOLLO TYREApollo Tyres , a leading tyre manufacturer, is showing technical indicators that suggest a promising swing trading opportunity. Reasons are listed below : 540-560 Resistance Zone Breakout : The 540-560 level has been a significant resistance zone. The price is now breaking out above this crucial zone, indicating strong bullish momentum. Bullish Marubozu Candle on Daily Timeframe : The recent formation of a bullish marubozu candle on the daily chart indicates strong buying pressure and suggests potential for further upward movement. Breaking 5-Month Consolidation : The stock is breaking out of a consolidation phase that lasted over 5 months, signaling a potential new bullish trend. Higher Highs : The stock is consistently making higher highs, indicating a strong upward trend. Trading Near All-Time High : The stock is trading near its all-time high, suggesting strong market confidence and potential for further gains. Gradual Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Target - 630 // 670 Stoploss - daily close below 490 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
NSE:APOLLOTYRELong
by Visionary_Growth_Insights
35
SHK is Spreading its Fragrances on ChartNSE:SHK ..................................................................................................... ..................................................................................................... Q1 FY25 performance overview compared with Q1 FY24. Revenue from operations at Rs. 470.3 crore as against Rs. 422.6 crore, up by 11.3%. EBITDA** at Rs. 83.3 crore as against Rs. 70.6 crore, higher by 18%. EBITDA** margin at 17.7% as against 16.7%, expanding by 100 bps. Adjusted PBT stood at Rs. 46.5 crore as against Rs. 37.8 crore, up 23.1%. Cash profit at Rs. 55.8 crore as against Rs. 47.7 crore, growing by 17.0% . ..................................................................................................... ..................................................................................................... Key Developments. Incorporation of step-down subsidiary – Keva Germany GmbH. Incorporated Keva Germany GmbH to serve as a Creative Development Centre (CDC) for European operations, while also providing support to customers in Dubai and Middle East. ..................................................................................................... ..................................................................................................... Update on Debt Position: The Company’s net debt increased to ~Rs. 542 crore as on 30th June 2024 as compared to Rs. 504 crore as on 31st March 2024. The debt increase was due to the need to replenish inventory following the fire incident at its Vashivali facility in April 2024 . ..................................................................................................... ..................................................................................................... Update on the Fire Incident at the Company’s Fragrance facility located at Vashivali. A fire incident occurred at the Company’s Vashivali facility in April 2024. There was no loss of human life, and the safety of all personnel was ensured. The Company has comprehensive insurance coverage including cover for loss of profit. The Company operates five manufacturing locations in India and, in response to the incident, swiftly implemented a Business Continuity Plan (BCP) by shifting production to alternate sites. The new facility is projected to be re-established within 9 to 12 months. All facilities are now operating in double/triple shifts, ensuring adequate capacity to meet current and future customer requirements. Recently commissioned Indonesia facility is ramping up production to cater to both local and export orders, ensuring continuity and fulfilling commitments to overseas customers. An exceptional loss of ₹120 crore (net of tax) was recorded during the quarter due to the fire, covering plant and machinery, building, and inventory. This loss is expected to be fully offset by insurance reimbursement in FY2025. The Company has filed a request for interim payment of Rs. 50 crore with the Insurance Company. The Insurance company is carrying out the necessary procedure to process the claim .
NSE:SHKLong
by iism-ExpertTrading
EPL Just Have Broken 52 Week's HighNSE:EPL Double digit revenue growth at 10.7%. All regions delivered strong growth. Continued EBITDA margin improvement with Q1FY25 margin at 19.1%, an expansion of 160 bps YoY. Absolute EBITDA grew by 20.8% YoY. Adjusted PAT (excluding base year one off) has grown by 35.4% YoY. Reported PAT has grown by 18.2%. Net Debt/EBITDA ratio improved to 0.67x vs 0.71x (YoY). Return on Capital Employed (‘ROCE’) increased to 15.9% with YoY increase of 190 bp. Company Profile EPL manufactures multilayer plastic laminated collapsible tubes, providing specialty packaging solutions to the fast-moving consuming goods sector. EPL has 21 manufacturing plants in 11 countries across the world; the company commissioned a greenfield manufacturing unit in Brazil in FY23, with operations already getting ramped up at that unit.
NSE:EPLLong
by iism-ExpertTrading
ADVANCED MICRO DEVICES - Ready for a reversal?NASDAQ:AMD is retesting a significant horizontal structure and we might see a bullish reversal soon, considering that AMD already created a correction of -45% over the past couple of months. Click chart above to see detailed analysis AMD is clearly one of these "AI" hype stocks which is now coming back to normal levels after also NVIDIA and other tech stocks are correcting a bit. AMD has been trading in a rising channel formation since the "Covid" crash back in 2020. With the recent break and retest, we could definitely see a bullish reversal soon. Levels to watch: $120 Keep your long term vision, Philip - BasicTrading
NASDAQ:AMDLong
by basictradingtv
5
SWING IDEA - AVANTI FEEDSAvanti Feeds , a leading manufacturer of shrimp feed and prawn processor, is showing technical indicators that suggest a potential swing trading opportunity. Reasons are listed below : Multiple Tests at 600-650 Zone : The 600-650 level has been tested multiple times, indicating it as a significant resistance zone. The price is now attempting to break through this level, suggesting strong bullish momentum. Symmetrical Triangle Pattern Breakout : The stock is breaking out of a symmetrical triangle pattern, a bullish continuation pattern indicating potential upward movement. Strong Bullish Engulfing Candle on Weekly Timeframe : The formation of a bullish engulfing candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement. 50 and 200 EMA Support on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels. Break of Consolidation Zone of 5+ Years : Avanti Feeds is breaking out of a long consolidation phase that lasted over 5 years, signaling a potential new bullish trend. Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend. target - 770 // 900 // 975 Stoploss - weekly close below 485 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
NSE:AVANTIFEEDLong
by Visionary_Growth_Insights