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Tehcnicalanalysis

INVESTMENT IDEA - BAJAJ FINANCE Bajaj Finance , a major financial services provider in India, showcases a promising investment setup supported by both technical and fundamental strengths. Technical Reasons : Trend Line Support: The stock is holding above a long-term trend line, indicating resilience and potential for an upward move. Intact Trend: Continuous higher highs and higher lows signal that the bullish trend remains intact. Doji and Inside Candle Pattern on Weekly: This pattern suggests a possible reversal or continuation, highlighting a period of consolidation with potential for breakout. Fundamental Reasons : Record Revenue and Net Profit: Both metrics are at all-time highs, underscoring the company's financial strength. Attractive Valuation: With a current 10-year PE ratio of 27.9, Bajaj Finance trades below its 10-year median PE of 45.4, suggesting it is undervalued relative to historical standards. Solid Growth and Returns: The company boasts a 24% compounded sales growth rate, an ROCE of 11.9%, and an ROE of 22.1%, reflecting effective utilization of capital and profitability. These combined factors make Bajaj Finance an attractive long-term investment option, with technical support for entry and solid fundamentals for sustained growth potential.
NSE:BAJFINANCELong
by Visionary_Growth_Insights
Amazon Has An Incomplete Five-Wave ImpulseAmazon is trading an in impulsive bullish cycle since the beginning of 2023 and it looks to be unfinished from technical point of view and from Elliott wave perspective, because it needs to be finished by five waves. Recent decline has occurred due to recession fears, but it was in three legs A-B-C, which belongs to a higher degree wave 4 correction, especially if we consider a nice rebound away from the strong trendline connected from 2023 lows. So, watch out on a bullish continuation at the end of 2024 that can send the price back to new all-time highs for wave 5.
NASDAQ:AMZNLong
by ew-forecast
US30 Analysis: Eyes on USD Strength Amid CPI DataHey Traders, in tomorrow's trading session we are monitoring US30 for a selling opportunity around 38570 zone, US30 is trading in an uptrend and currently seems to be attempting to break it out. If we get dips below the 38570 support we will be looking for a potential retrace of the trend towards more lows. The recent release of CPI data showing a higher-than-expected increase in inflation has bolstered expectations for USD strength. With inflationary pressures mounting, there's growing speculation that the Federal Reserve may adopt a more hawkish stance, potentially leading to a stronger USD. Furthermore, the negative correlation between USD and US30 suggests that a strengthening USD could weigh on the performance of US30.
BLACKBULL:US30Short
by JoeChampion
NVDA Possible short opportunityNvidia stock, though being of the leaders in the chip and AI markets, is making a strong possible short opportunity. When we look at the Weekly chart, we see a nice Head and Shoulders formation in the making. Points to consider if taking this opportunity: 1. I will be waiting for NVDA to drop below $400 mark, to be more precise, $398. I need this down pump for the entry to be valid. 2. When the play starts, I will set my SL close to $411 level. Why there you may ask? If the drop in price happens, $411 will be the level where 10EMA will be on the Daily time frame, and since this will be a short sell, I don't want to give the market the opportunity to test the higher part of the Neckline. The Neckline of the Head and Shoulders will be my exit point, if the price breaks above the neckline, I will most likely be closing the trade manually. 3. For the TP level , I am looking at couple of possibilities. First one, is the entire length from the Head to the Neckline which is in range of some $100 price movement. The second possibility, the more conservative one, will be the previous Higher High of the movement, sitting around $346.61 price level which is also where the 200EMA is currently at. The third one, is of course the 200EMA itself. As the price keeps moving, it will move as well, and if there is no strong market movement and price makes the second guess on whether or not it will go down, the 200EMA will be my "get out quick" point. Of course, as always, this is no financial advice. This is just my humble opinion.
NASDAQ:NVDAShort
by De_Banis
2
Gold xauusd intraday signal 03-10-23R3 LRS 1878 SMC Supply Area - R2 MRS 1853 - R1 HRS 1839 S1 HRB 1827 0.0% Fibo H1 and Sma44 MN TF-S2 MRB 1814 Sma200 W1 TF-S3 LRB 1793 61.8% MN SELL> 1939 - 1853 BUY> 1828 - 1813 FOLLOW UP D1 On Death Cross W1 On Support Sma200 / 1813 MN On Support Sma44 / 1827 MN On Resistance MACRO FIBO MN 50.0% / 1848 OBSERVATIONS: New month is carrying two major SNRs. One of them is aligned with H1 Fibo 0.0% at 1827 likely to retrace a bit. Price is still near Check Point 1853 in our W1 Mission 1808 Road Map. However other SNR has become a resistance at 1848 which was supposed to be a retracement area. If I include Dxy movement here, going high and high with fully negative data, it is totally an Algo controlled movement. Well trend is your friend so lets look more into sell rather taking a HRB at 1827. I will be waiting again for the price to meet Sma44 at any H1 fibo SNR. Retracement is always due so keep in mind, the more we deep we dive, more heavy is going to be a retracement.
TVC:GOLD
by wajidalikhan2123
4
Gold xauusd intraday signal 26-09-23R3 LRS 1930 SMC Supply Area - R2 MRS 1923 - R1 HRS 1916 S1 HRB 1923 - S2 MRB 1916 SMC Demand Area - S3 LRB 1908 SELL> 1930 - 1945 BUY> 1916 - 1908 FOLLOW UP D1 On SNR Sma44/1925 Sma200/1925 W1 On support Sma44 / 1915 MN 38.2% / 1903 Macro Fibo at strong Support OBSERVATIONS: The larger time frames are on the edge of rejection or breakage. The D1 TF SNR finaly turned out in resistance but still I have some inner feelings that it will not sustain until Sma44 in W1 at 1915 is holding a support. Further the trend line in D1 also indicating a rise in the price. So we have a clear buy position at the fibo bottom as SMC is also there as demand area around 1916. A sell can still occur at 100% 1930 area as SMC supply zone is also there. Keep 1945 in consideration but not in observation as it is getting far day by day.
TVC:GOLD
by wajidalikhan2123
TESLA $TSLA - Feb. 13th, 2023Tesla $TSLA NASDAQ $NDQ $NDX US100 BUY/LONG ZONE (GREEN): $208.41 - $234.10 DO NOT TRADE/DNT ZONE (WHITE): $187.63 - $208.41 SELL/SHORT ZONE (RED): $113.06 - $187.63 Weekly zone from Mon. May10th, 2021 drawn to Tue. Feb. 21st, 2023. Multiple touches on zone on weekly chart occurring on weeks of: Monday May 24, 2021, Tuesday June 01, 2021, Monday June 21, 2021, Tuesday July 06, 2021 through Monday July 26, 2021, Monday August 16, 2021, and then not again until Monday May 16, 2022, Monday May 23, 2022, Monday June 13, 2022, Tuesday July 05, 2022, Monday October 10,2022 through Monday October 24, 2022, and lastly Monday February 06, 2023 Weekly level for current structural low at $113.06 (weeks of Tuesday December 27, 2022 through Tuesday January 03, 2023). Zone drawn on 4H - Prices $178.07 - $187.63 Bottom zone level comes from bearish candle open on Monday January 23, 2023 09:30 ($178.07). Top zone level comes from bullish long-legged doji candle close on Monday February 13, 2023 09:30 ($187.63). Daily structural level (price $159.64) from bearish candle open on Friday December 16, 2022, confirmed on Thursday January 26, 2023 (bullish daily long-legged doji). The next zone to look at in the event of a breakout is $234.10 (bottom level) - $238.56 (top level). SIDE NOTE: If NASDAQ closes green this week it will be the second bullish indicator after the four consecutive candles (turned into five consecutive after bullish mark) and weekly structure break from weeks of Tuesday January 03, 2023 through Monday January 23, 2023. Blue chartings are from weekly timeframe and above. Yellow chartings are from daily timeframes and below. Technical analysis only, does not factor in real world events or fundamentals. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
NASDAQ:TSLA
by TonyAiello
1
InvestMate|GBP/JPY time to get rich💷GBP/JPY time to get rich 💷Looking at the pound for what it has done in terms of price appreciation over the last few weeks is incredible. 💷Referring back to my post from 2 weeks ago in which I wrote about the GBP/JPY pair still having plenty of room to rise (spoiler I wasn't wrong) Accurately predicting a correction and then further rises. I invite you to read the article below. 👇👇👇 💷Since my last post on GBP/JPY the rise has already been over 800 pips which translates into a 5% increase in the price of the pound versus the yen. 💷I am proud to have written about this and it is now visible to see in my profile history. 💷But now in the second part I write that it is not over yet. The rally has only just begun 💷Looking at the long-term uptrend on this pair of 32 months now 💷Where the trend is only gaining momentum 💷Which has been mainly driven by the fall in the value of the Japanese Yen where there is currently no change in monetary policy. (negative interest rates of -0.10%) 💷It is now time for the Pound to squeeze out strong gains on the back of, among other reasons, an assumed interest rate rise to 3% from 2.25% 💷And the Bank of England's announcement of unlimited asset purchases, which has contributed to the pound's sharp rises over recent weeks 💷Friday's trading session ultimately showed market sentiment and investors' willingness to push the pound higher. 💷Moving to the monthly chart and knowing the characteristics of the movements of the currency pairs with the yen crossover which oscillate in clear easy to predict trends. 💷 . 💷We are still 5.29% short of the first resistances 💷At these points I would look for price turbulence (possible corrections) 💷As far as I can see, the way is open for now. 💷Feel free to share your opinion on my analysis. I am open to a substantive exchange of views 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
3
BTC PERSONAL ANALYSIS IN THE SHORT TERM (RAIN OF FIREEE!)Greetings fellow crypto fam! I am here to share a fairly well conclusion on what's gonna happen with bitcoin, we have been so exposed with lots of bearishness with all of the charts and patterns pointing more downside action. We have bearflags, rising wedges, inflation, rate hikes, housing market crashes, war, pandemic -- there's too much of anything in this world to even be at least interested in becoming a bull so I implore you to carefully consider your options in this market. There are two choices here,, either you enter shorts or puts in this monthly trend of bearishness or you can sit it out, wait for everything to settle probably 6 months or so and then decide from there. The totality of Jack Powell's speech in the Jackson Hole is a huge U-turn on his image basically because everyone was expecting for a neutral-rate hike or even a standard Jack Powell optimistic speech, but no he literally admitted that along the way some pain will happen and this cannot be helped by taking more of this approach aggressively and possibly even end it quickly. I like the brashness of it all, however he just nailed the door shut when he said that their decisions or outlook towards the economy would largely depend on "data". The bad thing about being data-dependent is that the economy could crash tons of money tomorrow and they will only act FROM there, there are no preventive measures, there are no concrete risk managements -- just pure reliance on what the potential future data can display and that's just sending everyone to their financial graves. This only proves that they literally cannot do anything to change what is happening and would prefer to just let the market settle ITSELF, all on its own , with continuous monitoring by yours truly, the FED. ---- Like the chart? The fundamental analysis too? Give my chart a boost, comment and share it. Its completely free, bookmark it, save it -- it is yours!
BYBIT:BTCUSD.PShort
by Wamses
SP500 INDEX PERSONAL ANALYSIS IN THE LONG TERM (DUMP)Noodle party? Well not exactly, its a solana chart spilling spaghetti everywhere! The total evaluation for this asset is extremely bearish and I could not even begin to become so engrossed in bear costumes all year round because who could possibly blame us? The cycle has ended just as it has always ended in previous cycles -- it almost always returns to where it started and considering how we just got resisted from the SP500 and NASDAQ on a monthly resistance trendline (you can check this out in my profile) , there's no guarantee that the current supports that HELD us in a bull market will even be strong enough in a bearmarket. The SOLANA chart has now been confirmed with a bearflag that we had been suspecting from since we dropped here in this range for months, a validated bearflag WILL create lower lows and its much stronger in a bear market obviously and especially in a macro-time frame (4H, 8H, 12 H, 1D, 1W). Never underestimate panic selling, always be mindful of your risks and make sure to enlighten yourself everyday with what is happening around the world so that maybe one day, huge positive fundamentals or catalysts would support a possible reversal towards our brand new all time high. ----- You like this chart? Give it a boost, a comment or share it with your friends. Bookmark it, save it, its yours for free!
BINANCE:SOLUSDShort
by Wamses
1
$LCID breakout play.LCID trading higher last Friday with no specific news. i believe is just a technical breakout. base from the momentum indicator , buyers are still coming in. there's possibility that the stock could continue to push up. its also sitting just above the ema line which is still good indicator that the stock is still bullish . day trade or scalp target play: 01 /10/22 buy above 43.35 sell at 44.35 or 45.71 buy puts below 40.10 sell at 38.56 Hello everyone, welcome to this free technical analysis . ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities for day trades or scalp play. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for stopping by and stay tune for more. Note: My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
NASDAQ:LCIDLong
by CHRIS_B58
If BTC were in a real bear market...This chat shows what I am tracking in the case that Bitcoin breaks down from here, on a longer term time frame (red arrows), and enters a real bear market (not just a correction, which I think we could potentially be seeing at the moment). As I have learned from being in this market since early 2016, if you think Bitcoin can drop X amount and hit a "bottom"... double that amount, it will drop way more than you think. If you think it can go up X amount, double that amount, it will go up way more than you think. And at the same time, if someone has a wild prediction like "Bitcoin will hit $196,000 by September 12th at 4:30pm"... that is complete nonsense, but of course it could happen! Fact is, nobody can predict the future. ESPECIALLY those who say "Bitcoin NEEDS to go up because X"... Bitcoin does not NEED to do ANYTHING they say. The market will do what the market does and you can only prepare for the best outcome. But the main idea here is, you will never 100% know when those rallies or those dumps will start, and you will never 100% know when each top or bottom is reached. There is only so much technical technical analysis that can be done. Only so many predictions that can be made. What it really comes down to is, time in the market beats timing the market. I'm a buy and hold type of investor, for all stocks, cryptocurrencies, and real estate. Technical analysis "chart art" is simply a fun hobby for me, and it's entertaining to see the "guru" predictions and ultra technical colorful lines people draw, wave counts, spirals, pictures, etc... whatever you call it... I believe in strategies that absolutely work. And it's up to you to find what works for you. For me, that's buy and hold, for the long term. Wishing you all the best of luck in 2022! - HDLR
BITSTAMP:BTCUSDLong
by hdlr
9