Weekend Research 2 Birla Cable Ltd. CMP 293.4Birla Cable Limited (Formerly known as Birla Ericsson Optical Limited) is a premier company in the field of Telecommunication Cables, which offers one of widest portfolio of Copper and Fibre Optic cables under its umbrella.
The negative aspect of the company is high promoter stock pledging, decline in net profit and fall in profit margin of the company. The positive aspect of the company is technical momentum is shifting towards positive and the company chart shows that the company is trying to build a firm base between 260 to 290. MACD is also indicating positive momentum.
Entry in the stock can be taken after closing above 295. Targets will be 312 and 335. Long term targets in the stock will be 354 and 375. Stop loss in stock can be maintained at a weekly closing below 250.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Weekend-study
Here is why I suggest you should use the SUPER TREND!I see the weekend is here. A new week is about to begin, and it's time to get organised, reflect on your progress so far, and learn something new to help you achieve your trading goals., and boost your profitability.
Let's be honest, I am someone who normally likes to follow the trends. A lot of the trend following indicators I've encountered along the way in my professional and career growth haven't made sense to me. Moving averages, Average Directional Index, Moving Average Convergence-Divergence, Parabolic SAR etc. I always had a lot concerns with the indicators being able to swiftly follow the price movement, as well as identify a clear reversal of the underlying trend. However, I came through to find this SUPER 'super trend' indicator some while ago, and by testing this and adding it to my intraday trading strategy, I finally see that I could rely on one single indicator to help me identify the trend quickly and more efficiently (never 100% of course it is still not a holy grail!) but the results were good enough for me to write down this post to you guys.
What is the Super trend indicator?
'Super trend,' as the name implies, is a trend-following indicator, similar to moving averages and MACD. It is plotted on prices, and the position of the prices reflects the current trend. When we build the Super trend indicator, the default settings are 10 for the ATR and 3 for the multiplier. The average true range (ATR) is important in 'Super trend' since it is used to determine the indicator's value and it indicates the degree of price volatility, which is one reason why this indicator beats Moving averages, which disregards price volatility.
Super trend Indicator Formula
The super trend indicator computation is illustrated below–
Up = (high + low / 2 + multiplier x ATR)
Down = (high + low) / 2 – multiplier x ATR
Average True Range = / 14
The number 14 represents a period in this context. As a result, the ATR is computed by multiplying the previous ATR by 13. Add the most recent TR and divide it by the time.
As a result, ATR is an essential component of the supertrend technical analysis indicator.
How to Use Super trend Indicator to Identify Buy and Sell Signals?
Super Trend, as a trending indicator, performs well in trending markets (both uptrends and downtrends). When the indicator flips over the closing price, it is easy to identify a buy-sell indication. When the Super Trend closes below the price and the colour turns to green, a buy signal is issued. A sell signal is generated when the Super Trend closes above the price and the colour of the Super Trend changes to red.
There is no such thing as a 100 percent accurate technical indicator, and Super Trend is no exception. It also produces erroneous signals in sideways markets, however it produces fewer false signals than other indicators. As a result, you may use Super Trend in conjunction with other indicators to provide more accurate trade signals.
Follow my daily analysis posts on my account to check out how to combine it with other momentum indicators as well as use it for multi-time frame analysis!
BTC/USD: A Christmas Weekend Study FUNDAMENTAL BACK-DROP
*Imho, if there was ever a time to expect fireworks, it's right now.
*Weekend trading session for the next ~2 days. Institutions and majority of players are offline for Christmas day and/or weekend. Perfect environment for fuckery.
*US holidays, and Christmas in particular, are proven to be powerful market events. (Often see pivots in price/sentiment through these windows).
*"Buy when it snows, sell when it goes." - it's that time of year!
**Recent CME event (listing ETH micro futures ) on Dec. 6
**Positive reaction from most recent FOMC meeting on Dec. 15
**Recent full moon phase change on Dec. 20
LOWER-TIME-FRAME TECHNICAL ANALYSIS
*Structurally, price is trading within a megaphone pattern (making higher highs and lower lows). This implies high volatility in both directions until the megaphone is resolved.
*Certainly trading against some key highs right now (top end of the range). In good shorting/selling location right now for people who think this rally into Christmas is bulslhit.
HIGHER-TIME-FRAME TECHNICAL CONTEXT
*Price is coming awfully close to triggering a major double bottom , drawn off the 1D chart. (The counter-trend rally high following Dec. 4 liquidation cascade).
*$51,995 is the level to watch. I'm officially "uber-bull" if we start closing above this level.
*Bullish momentum divergence confirmed ( MACD ) and continuing to build on the 1D chart.
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LIKE THE ANALYSIS?
Send me a DM . I'd like to build a community of half decent traders and technicians.
The weekend is when the deep work happensWhat do you use your weekends for?
The Forex markets are closed, but your mind shouldn't be. This time is best used reviewing and learning about the week before.
Take this trade for example, it had it all-5min Buy range, Change of character, BOS, 1min buy range, pull back to the equilibrium, pull back to range impulsive move. This happened later Friday night my time, however by reviewing it I get to see how good this trade would have been for those awake.
As always trade safe, I'll see you on Market open!
EnvisionEJ
SPX's weekly update. 2ed week of April 2021- P/E : @ 40 .93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops".
- SPX's Dividend Yield: @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.666
historically 10y note underperforming SPX in April & it has a sideway movements in April as well.
- Insiders: 6 Sell, 2 Buy. No up date on the website, still April 1st reading !!!
- Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%)
with Q2 of post presidential election, since 1950, gain of 5% (already 3.5 % in the firs 10 days LoL !!!
- Deviation : Daily - @15.37 % (80 % single pullback) weekly - @39.06% (76% single pullback)
and at the edge of a 54% double digits pullback.
- Candles Auto recognition : White Marubozu 84 % bullish move NEXT. Nothing 7 months for monthly.
- Putt/Call composite @.600 Vs. .597Vs. last week = Still holding Higher Highs/Higher low. Kind of bouncing from 50d MA. Golden Cross looming
-Total Option Volume: 478329 Vs. 378667 big increase 25% up from last week.
- VIX : In our safe green zone, we hit 16.69 Vs. 17. 40 last week
Lowest seen # since last years crash + Closed 2020's "GAP"
- VWAP: @ 58.30 = No man's land, closer to up swing..
- DIX : 44% No man's land closer to a bottom or up swing.
- GEX : @ 22,999,000,000. 55% tops land, 35 % up swing 10% false signal. (HIGHEST READING IN 2Y)
- SPX : Above averages . We are getting 3 of them in the 90s very rare bullishness move here. !!!!
- NYSE: Above average nothing to mention.
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Key for this week :
1/ Bullish Barubozu Candle 84% success rate.
2/ Higher Deviation = Higher probability of a pullback.
3/ GEX is the highest in 2 years !!!
SPX's weekly update first week of April. Historically A+ month.
- P/E : @ 40.93 .Third highest reading since "1875"!!! Tops land. " Usually bottom of crashes not tops".
- SPX's Dividend Yield: @ 1.45 Possible target is 1.10 2000's bottom !!! US10Y @ 1.672 " Exactly like last "
- Insiders: 6 Sell, 2 Buy. Selling is down from 137. No activity here what so ever. Are they waiting !!!
- Seasonality: April is the best month of the past 20 years & 2ed past 10Y. Max 12.5% Min (-6.1%)
- Deviation : Daily - @13% (64% single pullback) weekly - @35% (76% single pullback)
- Candles Auto recognition : Nothing found 4 weeks in a row weekly, 7 months in a row for monthly.
- Putt/Call composite @.597 Vs. .764 Vs. last week = Less puts bought last week than the weeks before.
Still holding Higher Highs/Higher low. Kind of bouncing from 50d MA. Golden Cross looming
-Total Option Volume: 378667 Vs 295309 big increase 30% up from last week.
- VIX : In our safe green zone, we hit 17.40 Lowest seen # since last years crash + Closed 2020's "GAP"
- VWAP: @ 65 = No man's land, closer to up swing..
- DIX : 40 No man's land.
- GEX : @ 5,857,000,000 "No man's land".
- SPX : Above averages . They had us going last week the break down of 50d MA. Was a Bottom !!!!
- NYSE: Above average nothing to mention.
www.tradingview.com
ALRN Weekend Data CatalystALRN had some weekend news. Will be interesting to see if it can break above a near-two-year resistance level. I didn't show it all the way back to November of 2018 but if you take the chart out further, you can see this level holding as resistance.
"Saturday, the company announced new positive clinical data from its ongoing Phase 1b trial. The trial demonstrated clinical proof of concept that treatment with ALRN-6924 prior to second-line topotecan administration resulted in a protective effect against severe anemia, thrombocytopenia and neutropenia. This was in patients with p53-mutated small cell lung cancer. The results were featured in a late-breaking poster presentation entitled, 'Prevention of Chemotherapy-induced Myelosuppression in SCLC Patients Treated with Dual MDM2/MDMX Inhibitor ALRN-6924.'"
Original Quote Source: 5 Penny Stocks On Robinhood To Buy Under $2; Are They Too Risky?
The last 8 weekends, BTC/USDT only went up ONCEThis is to warn you. Be a little bit careful here on BTC right now. The weekends have not been bright recently. Notice how every time the price went down in the weekend (weekend marked by the yellow lines on the chart), except for the weekend of the 23rd of February.
Also, notice how the volatility increasess every time directly after coming out of the weekend. Obviously these findings relate to the fact that BTC is incredibly correlated with the regular stock market at the moment.
A second interesting finding is that frequently after a drop , the price went up quite a bit directly on Monday. This is also something you could try to to monetize with a tight stop loss.
For this idea I will follow the recent history and give my bearish signals. I don't see any reason why this time it should be different for BTC .
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
Possible AUD/JPY Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Chart time frame - H4
Timeframe - 2-3 Days
Market Direction : Long Position
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 67.2
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 67.2
Target 2 @ ....
Risk/Reward @ 2.1
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
Please Follow, Like,Comment & Follow :)
This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
Remember this?Remember when I drew this log?
This stock continued spiralling down!!
Any saving it?
Earnings coming up on Monday!!