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COCO - 15 months HEAD & SHOULDERS══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ Breakout Area, Target, Levels, each line drawn on this chart and any other content represent just The Art Of Charting’s personal opinion and it is posted purely for educational purposes. Therefore it must not be taken as a direct or indirect investing recommendations or advices. Entry Point, Initial Stop Loss and Targets depend on your personal and unique Trading Plan Tactics and Money Management rules, Any action taken upon these information is at your own risk. ═════════════════════════════
NASDAQ:COCOLong
by TheArtOfCharting
Sonata Software Ltd. (NSE: SONATSOFTW)The daily chart of Sonata Software shows a notable consolidation phase after a strong uptrend earlier this year, which peaked around ₹837. The stock has been trading within a descending triangle pattern, a sign of ongoing consolidation with potential for a breakout in either direction. Here’s a closer look at key levels and technical indicators: 1.Fibonacci Retracement Levels: The stock has retraced to key Fibonacci levels, finding temporary support near the 0.236 level around ₹563 and facing resistance near the 0.382 level around ₹615. These levels are crucial as the stock approaches a breakout or breakdown point. 2.Trendline Analysis: Two converging trendlines form a descending triangle, indicating potential price compression. A breakout above the upper trendline or a breakdown below the lower trendline could signal the next trend direction. Traders should watch for a breakout above ₹615-₹620 or a breakdown below ₹563. 3.Volume and Momentum: Volume has been gradually decreasing during this consolidation, which typically precedes a breakout. If there’s a spike in volume with a breakout, it could confirm the direction. The RSI (Relative Strength Index) is around 47, showing neutral momentum but with room for movement in either direction. A rise above 50 could indicate bullish momentum. 3.Key Support and Resistance: Support: Major support is around ₹563 (0.236 Fibonacci level) and ₹479 (100% retracement). Resistance: Immediate resistance stands at ₹615, with stronger resistance around ₹658 (0.5 Fibonacci level) and ₹700. Outlook: Given the current pattern, Sonata Software is approaching a decisive moment. A breakout above ₹615-₹620 with strong volume could push the stock towards ₹658 and beyond. Conversely, a breakdown below ₹563 might lead to further downside. Note: Keep an eye on broader market conditions as well, as they can influence breakout strength and follow-through.
NSE:SONATSOFTW
by AngshumanSaikia
$PLTR might go up to $57 after Q3 FY24 Earnings report? NYSE:PLTR Palantir soared over 14.2% after Q3 FY24 earnings report: • Net dollar retention 118% (+11pp Y/Y). • Customers +39% Y/Y to 629. • Revenue +30% Y/Y to 726M (22M beat). • Non-GAAP EPS $0.10 ($0.01 beat) . FY24 guidance: • Revenue +26% Y/Y to 2.807B (+61M). • Adjusted margin 38% (+3pp). It will probably break above the resistance of previous high today. But where will the price rise to? To answer this question, we make comparisons with previous gap up candles which has broken above an important resistance level. In Feb 05, it soared over 30% after Q3 FY23 earnings reports, and after that, it went up for another 25%. In Sep 09, NYSE:PLTR soars over 14% toward record highs as the stock is set to be added to the S&P 500. And after that, it has risen for another 30%. Therefore, it might go up to 57 if it break above the resistance of previous high today, according to similar historical price actions. what's your opinion?
NYSE:PLTRLong
by xugina78
Nvidia Is Following This Simple 3 Step SystemThe time has come again for NASDAQ:NVDA to shine again..you see it was during the pandemic when This stock started to shine..everyone was talking about it...i still remember it like yesterday..it was the A.I. Boom!! It was crazy..people were buying it and making money It was crazy times..last week I saw Amazon Hit new highs.. So this year Nvidia is left behind but there's still hope With this 3-step system you can still hop on the Nvidia train to profit taking. The 3-step system is very simple and yes it works. Its as follows: Step#1 - The price has to be above the 50 EMA Step#2 - The price has to be above the 200 MA Step#3 - The price has to gap up Now on this chart, you will see the William % This indicator is an oscillator Meant to show you whether the price is undervalued or not In this case, Nvidia is undervalued--meaning its cheap this is why you won't hear about it In mainstream media. Because when the stock price is cheap no one talks about it in mainstream media In fact you may actually even get huge backlash for recommending it on mainstream media. By the time the stock hits mainstream media it's too late to profit from it am sorry Anyway, if you want to learn more rocket boost this content Disclaimer: Trading is risky please learn risk management and profit taking strategies because you will lose money whether you like it or not.
NASDAQ:NVDALong
by lubosi
Intel in Trouble or Ready for Redemption?There is growing potential for QUALCOMM Incorporated to acquire Intel. I now believe that this development has advanced enough to warrant a fresh look at the stock Qualcomm recently approached Intel about a takeover. According to WSJ , Qualcomm has expressed interest in acquiring Intel, which, if realized, would mark one of the most significant deals in recent history Initially, this seemed like a long shot, with limited details emerging from the report. However, QCOM has continued to pursue the idea. Also QCOM has been in contact with Chinese antitrust regulators over the past month about this potential deal and is waiting until after the US presidential election to decide on making a formal offer. Since the election is just less than a month away, I believe this acquisition is becoming more of a possibility that investors should factor into their assessment of INTC. If a deal goes through, it’s likely that the acquisition will come at a premium to the current stock price, creating an opportunity for significant short term gains for investors There is always a chance that no deal will occur. In that case, potential investors should evaluate whether the stock is worth holding as a long-term investment. My outlook here is not optimistic, and I’ll delve into INTC's competitive position, as indicated by its latest inventory data, in the next section Given these two potential scenarios, I am upgrading my rating from "Sell" to "Hold." In summary, the possibility of QCOM acquiring INTC introduces a major upside catalyst that I hadn’t accounted for in my previous analysis. This potential acquisition helps offset some of the concerns about INTC as a standalone company. Unlike many financial metrics that can be interpreted in different ways, inventory levels are more straightforward. He also explained that inventory trends can provide early indicators of business cycles. For cyclical industries, rising inventories can signal overproduction as demand wanes, while shrinking inventories can indicate strong demand As shown in INTC’s most recent balance sheet, its inventory levels have generally been on the rise. For instance, in December 2014, inventory was valued at $ 4.273 billion, while the most recent figures show an increase to $ 11.244 billion. In some cases, rising inventory can signal business growth with increasing demand and production capacity, which was true for Intel in the early part of the last decade. When inventory growth exceeds the pace of business growth, it becomes a red flag. In this scenario, rising inventory suggests weakened competitiveness and declining market position—an issue that Intel currently faces, in my opinion. The following chart helps illustrate this point, showing a comparison of days of inventory outstanding (DIO) for Intel and NVIDIA over the last five years, from 2020 to 2024. DIO is a measure of how many days it takes a company to sell its inventory Given Intel's inventory buildup and declining competitive edge, I find its current valuation multiples hard to justify. Specifically, the chart highlights a comparison of price-to-earnings (P/E) ratios between Intel, NVIDIA, and AMD. Focusing on non-GAAP earnings estimates for fiscal years FY1 through FY3, Intel is currently trading with the highest P/E ratio for FY1 at 87.7 almost twice the multiple of NVIDIA and AMD, which are at 46.29 and 46.25, respectively That said, the outlook changes somewhat when considering the years further ahead. For instance, in FY2, NVIDIA’s expected P/E ratio rises to the highest at 32.77, compared to Intel's 20.02 and AMD's 29.02. However, I want to emphasize the substantial uncertainty in Intel's earnings forecasts. As shown in the next chart, the consensus estimates for Intel's earnings per share (EPS) in FY 2024 range from a low of $0.15 to a high of $0.31 (a more than twofold variation) and from a low of $0.65 to a high of $2.1 (an almost fourfold variation). Given such uncertainty, I believe investors should be cautious about relying too heavily on forward P/E ratios too far into the future. Both Intel and NVIDIA have experienced significant fluctuations in DIO over the years. Notably, both companies saw a spike in 2023 due to the COVID pandemic, which disrupted global supply chains. As the disruption faded, both firms saw a recovery (ie, a reduction in DIO). the difference in recovery is striking. Intel's DIO peaked at over 150 days in 2023 and has since decreased to 125 days a modest reduction but still above its historical average of 114 days. In contrast, NVIDIA's DIO surged to over 200 days but has rapidly dropped to 76 days, which is not only below its four-year average of 97.9 days but also near its lowest level in four years. I expect Intel to face increasing competitive pressure as rivals like NVIDIA and AMD roll out their next-generation chips, particularly NVIDIA’s Blackwell chips. I recommend potential investors keep a close eye on inventory data, as it can signal changes in competitive dynamics for the reasons discussed here. In addition to inventory issues and valuation risks, Intel faces a few other specific challenges. A significant portion of Intel’s current product lineup is concentrated in certain segments, such as PCs, which I believe are nearing market saturation plus a large share of Intel’s revenue comes from China. Given the ongoing trade tensions between the US and China, this heavy reliance on China poses a considerable geopolitical risk. These factors may limit Intel’s ability to adapt to technological advancements and shifting geopolitical conditions The potential for a QUALCOMM acquisition has emerged as a new major upside catalyst. While my outlook on Intel’s business remains pessimistic based on the latest inventory data, the acquisition possibility partially offsets these negatives, leading me to upgrade my rating from Sell to Hold or if you are risk taker like Me, load the dip
NASDAQ:INTCLong
by moonypto
Ajmera Realty & Infra India LtdTARGET AND STOPLOSS IN CHART Management expecting good growth till FY 25. Upcoming 3 projects will be key 1. Central Mumbai 1 - Bhandup SRA 2. Central Mumbai 2 - Kanjur Marg 3. Vikroli Project Manhattan sales are moving up steadily. Greenfinity, sikova will be completed in next qtr. Nucleus commercial is ready and company expecting 100 cr revenues from it after sales Market Cap ₹ 1,359 Cr. Current Price ₹ 383 Stock P/E 16.8 Book Value ₹ 218 Dividend Yield 0.59 % ROCE 8.34 % ROE 9.64 % Face Value ₹ 10.0 Promoter holding 69.7 % EPS last year ₹ 20.2 EPS latest quarter ₹ 5.94 Debt ₹ 826 Cr. Pledged percentage 7.88 % Net CF ₹ 3.88 Cr. Price to Cash Flow 9.93 Free Cash Flow ₹ 133 Cr. Debt to equity 1.07 OPM last year 28.9 % OPM 5Year 28.6 % Reserves ₹ 738 Cr. Price to book value 1.76 Int Coverage 3.55 PEG Ratio -6.08
NSE:AJMERALong
by madhu2811
3
Amazon’s Next BIG Move: Can It Bounce to $207 from Key Support?If Amazon holds strong at $194.31, it could be setting up for a run to $207.30. This level is both a potential target and a great take-profit zone if the bounce holds. Let’s break down what to watch for as this setup unfolds!" Trade Setup Details: Support Level at $194.31 Right now, $194.31 is acting as a solid foundation. If Amazon finds buyer interest here, it could kick off a new upward move. Target Zone: $207.30 If the support holds, $207.30 is the next target. This level is likely to see some selling pressure, making it an ideal area for profit-taking on a successful bounce. Beginner Tip Keep an eye on how Amazon reacts around $194.31. Look for strong buying signals (like a bullish candle) before entering, and consider setting your take-profit level around $207.30 to capture gains if the bounce holds. Happy Trading Kris/ Mindbloome Trading Mindbloome Exchange
A
by Mindbloome-Trading