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VS, potential upward signalsTradingSystem by Remisier CheDin Our algorithm has identified potential upward signals in the current market. Increased trading volume and prices above the EMA20 and EMA50 suggest a possible upward trend. 💡Trading idea dan plan: Entry: 1.03 Target Price @TP1: 1.15 Target Price @TP2: 1.28 Stop Loss @SL: 0.91 (This trading plan is for reference only and may vary based on your entry point and risk tolerance.) Remember, trading strategies are just 10-20% of your overall success. The real key lies in effective risk management. Having a solid trading plan and proper position sizing are crucial for maintaining the right trading psychology. Master your risk management and stick to your plan. Happy trading!
MYX:VSLong
by FakhruddinFazil
AMAZON | AMZN , Jeff is back? While Jeff Bezos, fiancée Lauren Sánchez have star studded engagement party on his $500M yacht Amazon has just reported its Q2 2023 earnings result, EPS of 65 cents is not comparable on YoY basis nor to consensus due to the company booking some gains related to its Rivian Automotive, Inc (RIVN) investment. Revenue of $134.3 billion beat consensus by about 2% while showing a YoY jump by nearly 11%. As an immediate reaction, the stock is up nearly 8% after-hours, although this can turn on a dime.I wrote in my preview that Amazon still remains a revenue story and to pay attention to Q2's actual revenue and Q3's revenue guidance. Amazon hit it out of the park on both counts, with Q2 revenue showing an 11% jump and Q3 guidance of $138 billion to $143 billion, easily upping the consensus of $138.29 billion. As a direct effect of the company reining in on its expenses, Amazon's Free Cash Flow ("FCF") in Q2 2023 improved to almost $8 billon compared to -$23.5 billion in Q2 2022. Headcount is now down 4% YoY.Advertising, which I've highlighted as the next growth driver in many of my past articles, was up 22% YoY. But, more importantly, resumed its upward trajectory on a quarterly basis. Advertising services revenue showed continuous QoQ improvement until the first blip in Q1 2023. Whether Q2's upsurge is a new trend remains to be seen, but it is encouraging that Q2 did not follow Q1 down. I am also glad that my prediction that advertising will cross $10 billion in sales came true.It appears like retail has finally stopped bleeding profusely to avoid wasting all the gains from AWS and Advertising. In my view, retail is just their medium to sell their ecosystem, and this is acceptable to me. Heading into earnings, Amazon stock was almost into the oversold territory with a Relative Strength Index ("RSI") of 37. Revenue beat and guidance should help the stock garner more analyst support in the upcoming days, and I fully expect the stock's almost-oversold conditions to be in the stock's favor as it has plenty of room upwards technically. The after-hours move has also helped the stock clear all of the commonly used moving averages.AWS's revenue and operating income appeared to be on a perennial, mid-double-digit growth trajectory until recently. However, Q2 saw AWS' sales increase by "just" 12% while operating income fell by more than 5%. It is in this context that advertising services becomes even more important. While $22 billion is strong, it fell well short of the $25 billion I predicted, as the company aims to cross $100 billion in 2023 AWS revenue. The stock was already up 50% YTD heading into earnings and the run appears set to continue. I am not complaining as a long, but it shouldn't surprise anyone to see the stock pullback from the highs given the market's shaky behavior the last few days. Overall, Q2 results are much better than Q1, and that shows in the stock's performance, at least as shown in the after-hours price movement. However, Amazon has never been a single quarter or single year story for me. Amazon's ecosystem is enough reason for me to continue believing in the company long-term. The ability to leverage multiple products and services across the entire organization is not something any company can build overnight. In fact, even Amazon has taken nearly 30 years to be the company that it is today
NASDAQ:AMZN
by moonypto
5
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
BAC - Big Tumble AheadDespite Fed attempts to juice the economy with interest rate drops, looks like the dollar and the US economy in general is set for some reversion to the mean. Many articles claim that the Fed is bankrupt and as longer term interest rates continue to climb, Bank balance sheets are surely in a perilous condition. ANd that's only what we see. So many other off shore, non reportable bank entities are masking the true disaster that bank stocks really are. I held put positions this past year in bank stocks but it has not yet panned out in my favor. Doesn't mean that I'm wrong though. My ideas are usually sound but my timing is seldom spot on. I.e, I've been buying physical gold and silver since 2014. The real challenge is living long enough to see my ideas get realized. As I plan for my 2025 positions, I'll surely be adding some bank puts to my portfolio.
NYSE:BACShort
by AssetDesign
GPPL FOR 220GPPL - CMP 199.45 RSI : 39.81 Target 220.00 I am here posting only simple price action. This stock is taking support from this level and showing strong upward moves as shown in the technical chart for your reference as RSI also confirms this but in the recent bearish move in market this is below 50 EMA. I am not a SEBI Registered Analyst. Views are personal and for Education purposes only. Please consult your Financial Analyst before making an investment decision.
NSE:GPPLLong
by TenPercentviews
CHGP - Uptrend may EXTEND in near term ?CHGP - Current Price : RM2.27 CHGP is bullish as the price is above 50 & 200 days EMA . It is currently forming a Bullish Pennant Pattern. Chart Pattern traders may wait for a valid BREAKOUT this pattern to trigger a buy signal. Based on ICHIMOKU CHART, the stock made a breakout above CLOUD on 22 OCT 2024 which provides a buy signal. CHIKOU SPAN already moving above candlestick (which indicates a bullish scenario). At current moment, CHIKOU SPAN is inside the CLOUD and heading towards its resistance (LEADING SPAN 2 - the upper side of CLOUD). If the CHIKOU SPAN make a new high above the CLOUD, it will strengthen more the BULLISH outlook for this stock. As such, ICHIMOKU CHART traders may wait for the CHIKOU SPAN to break above the CLOUD to trigger a good buy signal. Notes : CHIN HIN GROUP BERHAD is the largest shareholder of CHGP. Approximately holding 54.94% stake.
CLong
by IMRAN_96
Is Hero MotoCorp Set for a Bullish Turn..?HERO MOTO CORP has experienced a significant decline of approximately 24% from its all-time high. This downward trend has been marked by a clear trendline that, as of late, has been broken, indicating a potential shift in market momentum. Additionally, a failed breakout was observed at the support level around 4920, which could enhance the likelihood of a rebound or upward movement in the near future. It's important to note that the company's quarterly earnings report is scheduled for November 4. This upcoming announcement could be critical in influencing market sentiment and should be carefully considered before making any trading decisions.
NSE:HEROMOTOCOLong
by Kartik_Elkunchwar
IRCTC Weekly Analysis: Bearish Setup Ahead of Results IRCTC’s stock is showing signs of weakness on the weekly timeframe, with a clear head-and-shoulders pattern that suggests potential downside risk. Currently trading around 831, IRCTC is facing resistance at the 847 level, which acts as a critical barrier for bulls. A close above this level on a weekly basis would be needed to invalidate the bearish outlook, potentially reversing the trend. However, if IRCTC fails to reclaim 847, we could see increased selling pressure in the coming sessions. With earnings results due on November 4th, there is added uncertainty in the market. If the results disappoint, the stock could break further down, targeting the Fibonacci support levels around 806, 778, and potentially as low as 730. Each of these levels aligns with key Fibonacci retracements, offering possible points where buyers might step in. For investors and traders, caution is advised as we head into the results. A sustained move below 847 could open up substantial downside risk. Bulls will need a strong catalyst from the earnings report to push the price back up and change the trend. Watch these levels closely, and manage your positions accordingly.
NSE:IRCTCShort
by TheSnop
1
COINBASE | COIN & SECCoinbase shares are up 35% since the SEC sued the crypto exchange for allegedly selling unregistered securities But Coinbase stock has bounced back, rising some 35% after dropping to a low of about $50 on the day that the SEC sued the U.S.’s largest crypto exchange. As of Wednesday morning, shares were trading near $70, and the publicly traded company’s market capitalization has risen to about $16.5 billion. The resurgence of Coinbase mirrors the broader boomerang of the crypto market in June, riding a Wall Streetfueled fever for Bitcoin that has lifted other cryptocurrencies and injected optimism into an industry that was reeling from a battery of enforcement from the federal government. The Coinbase stock has been rallying, the price of Bitcoin has been rallying, and then these two things usually play off of each other. Specifically, Bitcoin’s resurgence is tied to BlackRock’s recent filing of an application for Bitcoin spot exchange-traded fund, a surprising vote of confidence from the US.’s largest asset manager in the world’s largest cryptocurrency by market capitalization. Shortly after BlackRock’s application became public, the price of Bitcoin soared, notching its highest price in more than a year as a slew of other asset managers filed applications for Bitcoin spot ETFs, potentially opening up the cryptocurrency to trillions in dollars from brokerage accounts and pension funds. And where Bitcoin goes, so goes the broader market, as the total market capitalization of all cryptocurrencies jumped from just about $1 trillion to now about $1.17 trillion. BlackRock’s ETF filing was not only a vote of confidence in Bitcoin but also Coinbase. Its application listed the publicly traded crypto exchange as the custodian for holding the trust’s underlying Bitcoin. For them to continue and list Coinbase as a custodian for their ETF was a strong signal that these SEC allegations are not that big of a deal I think the market is telling us…the worst is behind us, as far as U.S. regulatory crackdown is concerned
NASDAQ:COIN
by moonypto
6
Birlasoft Ltd - Technical Analysis and Potential Trade IdeasPrice Structure and Fibonacci Analysis: Birlasoft's stock is currently in a descending triangle pattern, with price approaching a critical support level around ₹523, which aligns with the 0% Fibonacci retracement level from the recent peak of ₹859.55. The Fibonacci levels on this chart highlight major retracement zones: 23.6% Fibonacci level at ₹602.60 served as previous support but has now turned into resistance. The 50% level at ₹691.35 and the 61.8% level at ₹731.05 acted as strong resistance levels during past retracements. Support and Resistance Levels: Support Levels: The stock has a key support zone around ₹523, which has been tested multiple times (green arrows on the chart), indicating a possible demand zone. If this level fails, there is further support around ₹512.40 and a long-term support zone near ₹476.30. Resistance Levels: Immediate resistance is seen near the 23.6% Fibonacci level at ₹602.60, where previous breakdowns occurred. A descending trendline (marked with red arrows) indicates continuous selling pressure around this level. Volume Profile Analysis: The Volume Profile on the right shows a high-volume node around ₹570-₹600, suggesting strong historical trading interest in this area. If the price breaks out of the descending triangle pattern, this zone could act as an initial resistance on a potential upward move. Technical Indicators: Relative Strength Index (RSI): The RSI is near the oversold region, which could indicate a potential rebound if buying interest emerges at the support levels. Volume Trends: A noticeable increase in selling volume has been observed during the recent downtrend, highlighting persistent selling pressure. Trading Ideas and Strategy: Bullish Scenario: A bounce from the ₹523 support level, accompanied by a volume spike, could present a buying opportunity for a short-term recovery to ₹602.60 or higher. Confirmation of a reversal at this level could open the path towards ₹651.70 (38.2% Fibonacci retracement), where further resistance is expected. Bearish Scenario: A breakdown below ₹523, especially with high volume, could lead to further downside toward ₹512.40 or even the long-term support at ₹476.30. Traders may consider short positions below ₹523, targeting lower support levels with proper risk management. Conclusion: Birlasoft is currently at a critical juncture. Traders should keep an eye on the ₹523 support level for potential bullish setups or watch for a breakdown below this level to consider bearish trades. This analysis highlights both opportunities and risks, depending on the upcoming price action around these crucial levels.
NSE:BSOFT
by AngshumanSaikia
CSCO Stock: How To Find This Stock Using This 3 Step SystemI am trying to find a good stock to buy because the financial markets are ripe for a buying opportunity. It was when I was scanning for stock to buy using about 5 indicators I found this one NASDAQ:CSCO Now am not going to share with you all the 5 indicators I used because trading view has a paywall ..but I will share with you a very simple indicator called the rocket booster strategy.. To learn more about this indicator watch this video from start to the end. Rocket boost this content to learn more. Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management and profit-taking strategies.
NASDAQ:CSCOLong
by lubosi
TITAGARH-- Confirmation of reversal , DONETITAGARH is now trading above the 20 EMA High, with RSI also breaking past resistance and trade above 60, indicating a bullish range. However, keep in mind that market is still volatile and it could impact the stock’s performance, so a well-defined Risk-Reward (RR) and Stop Loss (SL) is essential. Suggested Stop Loss: You may choose between the 20 EMA Low or the previous swing low at 1050, based on individual risk tolerance. Disclaimer: This analysis is for informational purposes only and should not be considered as financial advice. Trading involves significant risk, and it’s essential to perform your own research or consult a financial advisor before making any investment decisions.
NSE:TITAGARHLong
by Abdul-Rahim