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Pidilite - Cup & Handle Formation PIDILITE IND LTD (JULY23 - CMP RS 2662.80) Cup Pattern #Phase1 - saw a sharp down move from Dec22 to Jan23 #Phase2 - Formed a slow base between Jan23 to Apr23 #Phase3 - From May23 - Jun23 it steadily moved up When you add up the 3 phases - the Cup Pattern is visible in the Price Action. Handle Pattern #Phase4 - Between Jun23 and Jul23 the Price of Pidilite underwent the next small phase of correction Phase#5 the Stock price saw a gradual upmove. When you look at the full move of #Phase4 and #Phase5 - it resembles the Handle of the Cup The Cup & Handle is a bullish continuation pattern which means that it is usually indicative of a future increase in price once the pattern is complete. Willing Buyers take exposure after the formation of the Handle is complete and push the Price upwards. If the Pattern is successful, the Price can be expected to rally towards the life time highs of Rs 2918.95 implying a potential 9.6% up-move from the CMP of Rs 2662.80 as on July 21, 2023. The Price appreciation could play out over the next 3-4 months.
NSE:PIDILITINDLong
by kinisooraj
USDJPY bullish week = more upsideDay 47/100 Contrary to popular forecasts, my current USDJPY outlook is leaning to the upside Fundamental Catalysts: - Fed rate hikes - BoJ policy updates Bullish base-case: - Fed remains hawkish using tight jobs markets as reason to continue on "hawkish" path - BoJ will remain dovish // not as hawkish as expected If base-case is wrong, only then I'll be considering further downside Technicals - This week rejecting 138 key pivot area - If it closes bullish this week, more upside is to come; a push back into 145 🥂
Long
by rob_WRLD_
2
$TSLA Down on Over-SpeculationNASDAQ:TSLA reported earnings after market close yesterday. Pro traders took profits before the close as the run became technically overextended. It gapped down today, but not on the extreme volume we'd expect from the usual HFT activity around earnings. Profit and Operating margins are decreasing quarter over quarter, but revenues and net income are increasing. This is not so much an onslaught of sellers but profit-taking along with a lack of buyers at this price range. As occurs often for this high-profile yet important EV company, the stock is over-speculated and needs to pattern out the excess. It could test the next support levels, but ultimately it's likely to head sideways as it challenges the resistance from Aug-Oct of last year...barring any surprises from Musk ;) Dark Pool Buy Zones are in the bottom formation. The question is: will those buy zones be moved up or not?
NASDAQ:TSLA
by MarthaStokesCMT-TechniTrader
1
NETSOL - initial target of 10% upside After witnessing a rapid recovery in IT stocks worldwide, especially on the NASDAQ, it seems that a similar trend may be expected in Pakistan's IT sector in the near future. The IT sector is poised to be a significant beneficiary of the current economic environment, with the government likely to provide further tax rebates. Given this outlook, I hold a bullish stance on the IT sector and have identified NETSOL and TRG as top picks. Currently, NETSOL is trading at $80. I have set an initial target of 10% upside, and once this target is achieved, we can review and discuss the next set of targets. Please note that the above analysis represents my personal opinion as a financial analyst. It is important to conduct further research and analysis before making any investment decisions.
PSX:NETSOLLong
by meerabdullah
1
#BABA #ALIBABA LONGALIBABA is nearing support and should be ready for some big upside in the coming weeks/months. Analyst price targets are downside HKEX:72 upside median HKEX:150 and long HKEX:220 , considering the market is a bit shaky and volatile i would be more conscious to the downside and put an even lower downside target of about 45/50 range. however, the recent news coming out of BABA on splitting the business is a very solid news for the stock and is definitely the one to hold on to for big gains.
NYSE:BABALong
by shaxrashid
GBP/USD Trade setup (Short Position) Potential trade setup on the 1-hour timeframe for GU. Price action is creating a nice "expanding bearish triangle" pattern which could make another retest towards the price level (1.24000) before continuing in the sellers direction. Going back to April 10th, you will notice the support that was created multiple times before price created indecision candles closing above & below that support zone. Finally, both EMA's are confirming sellers momentum is slowly shifting over to a bearish selloff. Updates will be posted when price enters our area of interest. Stay tuned.
by GeoRiches
BITCOIN What Will Happen Next? Analysis! Hello,Traders! BITCOIN did not yet manage To break the key decisive level And I think that before the FED's first rate cut we will See BTC consolidating Between the two levels But after the breakout And 1W candle closing Above the level we will be Able to say that BTC will Go higher and sky is the limit Before that and before the FED acts, I am inclined to Expect consolidation Analysis! Like, comment and subscribe to help us grow! Check out other forecasts below too!
BITSTAMP:BTCUSDLong
by TopTradingSignals
11
P2P | DXY - Long Term AnalysisGreetings to all who can decode this message lol thank you for tapping in with the content! This look into #DXY has not changed much from my last few videos, just some minor tweaks. I explain a few things on why I am #bullish on the #dollar and how I plan to #trade opposing pairs like Euro/USD or NASDAQ100. So yeah gang, not too much to get descriptive over because everything is explained in the video. Enjoy the rest of your week, trade well, and keep crushing it for 2023!
Long
by Pips2Porsches