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HCL Technologies Ltd Daily Chart Analysis The daily chart of HCL Technologies Ltd illustrates an upward trend with strong support levels and clear resistance areas, showcasing both bullish momentum and potential pullback scenarios. Key Observations: 1.Trend Analysis: The stock price is in an overall uptrend, consistently making higher highs and higher lows. It is supported by a well-defined ascending trendline and is trading above the 200 EMA, which is a bullish indicator. 2.EMA Levels: The 13, 48, and 200 EMAs are aligned in a bullish configuration, indicating continued strength. The price’s proximity to the EMAs will be a key indicator of short-term trends. 3.Volume Behavior: There is a healthy volume trend with spikes during up moves, suggesting interest and accumulation during bullish days. 4.Resistance and Support Zones: • Resistance: The resistance zone around ₹1,888.50 - ₹1,889.30 represents a key hurdle. A sustained move above this level, accompanied by strong volume, could confirm a bullish breakout and indicate further upside potential. • Support: The primary support level lies around ₹1,719.00. A breakdown below this level could lead to a more significant pullback, possibly retesting previous lows or consolidating around the 200 EMA. 5.RSI Indicator: The RSI is currently around 55.27, indicating mild bullish momentum without being overbought. An upward move in the RSI beyond 60 could further validate any price strength and potential for breakout scenarios. Potential Scenarios: • Bullish Scenario: A breakout above the ₹1,889 resistance zone with strong volume could propel the stock higher, targeting further resistance levels around ₹2,000 and beyond. • Bearish Scenario: If the price is unable to break above resistance and reverses, it may test support around ₹1,719. A breakdown below this level could signal a potential trend reversal or consolidation phase. Impact of Macro Events (e.g., US Elections): The outcome of significant macroeconomic events, such as the US elections, could influence IT sector stocks, including HCL Technologies. Favorable policies, market stability, and global business sentiment may drive higher demand for IT services and lead to a bullish impact. Conversely, any policy uncertainty, geopolitical tensions, or economic disruptions could lead to increased volatility, potentially affecting the stock’s upward momentum. Summary: HCL Technologies is currently at a key resistance level. A breakout above ₹1,889 may signal further bullishness, while a rejection and breakdown below ₹1,719 could prompt caution. Traders should watch volume and price action closely, along with any macroeconomic news that might impact the broader market sentiment. Disclaimer: This analysis is for educational purposes only and should not be construed as financial advice. Always conduct your own research or consult with a financial advisor before making any trading or investment decisions.
NSE:HCLTECHLong
by tintinhawk
PLTR - Short Rocket ShipsEarnings gap up and fanboys are cheering. But this looks like its got a good chance to be an Exhaustion gap. And now another smaller gap up and currently it sits just above the 1.786 overshoot ratio. And also above ATH resistance. There will be a lot of liquidity up here. It makes it ripe for a reversal. So i've entered a short position here. This is also in consideration that S&P has hit a critical long term fib (client only). Its obviously dangerous to short rocket ships but there is plenty technical to suggest a reversal is due and we have certainly reached "Euphoria." I laid out more technicals in the previous idea, so i've linked that below. Not advice
NYSE:PLTRShort
by dRends35
1
Will the Year of Tesla Begin?Tesla has been trading in a symmetrical triangle structure for the past 3.5-4 years. Finally it has broken over the resistance line (in orange). Can Robotaxi + FSD be a strong catalyst for this movement? I think so. Barring any disaster with the Nov elections or any global crisis, I think Tesla will make quite the significant move. I've been seeing a lot of heavy short term and long term bullish Tesla flow. PT: 425 by Dec 2025. Notable Options: 425C 6/25 (Keeping an eye on this) approx 65% upside.
NASDAQ:TSLALong
by AfuOptions
$MBLY : DOUBLE BEAT! IF YOU DIDN'T LISTEN, YOU WILL NOW FOMO! NASDAQ:MBLY :DOUBLE BEAT! IF YOU DIDN'T LISTEN, YOU WILL NOW FOMO! 🟢Revenue Beat: $486M vs expected $475.267 🟢EPS Beat: .10 vs expected .095 In this video we will speak on the following: 1.) Top and Bottom BEAT for NASDAQ:MBLY ! Go over earnings and highlights from earnings call. 2.) Bottom box: A massive push down yesterday out of shorts being desperate and trying to break the symmetrical triangle pattern to the downside. It held as they do not have enough ammo (shares) to do so while simultaneously more people got bullish on the technicals or fundamentals by the day. Massive volume shelf was held as well. Their last ditch effort did not work. 3.) We have a massive 22% short float while as I've been telling you everyday on X and TV. We have a "High Five Setup"! We are pointing to the upside on all my setups indicators, have a volume gap, anndddd most importantly have broken out of and just retested the said breakout of the Symmetrical Triangle Pattern and Inverse H&S pattern! The respective move for both and my price target is: 🎃🎯$20.13 NFA #Earnings #shortsqueeze
NASDAQ:MBLYLong
by RonnieV29
3
Identifying Breakout in IDFC First BankAs of 15th September,2023 the stock is currently at Rs 94.55 - Rs 95 levels with potential breakout possibilities due to macroeconomics and other reasons. The stock seems to be in buy zone around the price range 95 to 100,102. With a strong resistance around the price of 85 - 86 levels which can be considered as an avg down opportunity. Also, another resistance can be formed at the price level of 75 - 76 which can be treated as a Stoploss. Breakout possibility can occur once the stock surpasses the channel of 105 - 110 price range. With First Target around 125 - 127 price levels and Second Target around 130 - 145 price levels. In a time frame of 3 to 6 months. Caution: This is not a stock trading Advice or Tip, it's just for learning purposes I am not a professional trader or a SEBI registered advisor. Please don't consider this as an advice and make your own analysis before investing. Thankyou!
NSE:IDFCFIRSTB
by jagarsoshi
3
GameStop Set for Explosive Rally: The Next Big Breakout!22nd October 2024: At Vital Direction, we have meticulously analysed the GameStop (GME) stock, famously known for its historic short squeeze, and we believe a significant opportunity is on the horizon. Following the extraordinary rally, GameStop has undergone a prolonged and complex corrective phase, which we now interpret as nearing its conclusion. From the recent low of approximately $8, GameStop staged an impressive rally to around $65. Since then, the stock has entered a tricky consolidation phase. However, based on our advanced Elliott Wave analysis, we identify this corrective phase as a WXY pattern. The first wave, W, unfolded as a zigzag, followed by the X wave, also a zigzag, and we now see Wave Y progressing in the form of an ABCDE triangle. At Vital Direction, we believe the Y wave is on the verge of completion, with Wave C of the final Wave E expected to bottom out imminently—potentially by this Friday. Once this corrective structure concludes, we foresee GameStop rebounding dramatically, with the potential to soar to new all-time highs. This could represent an unparalleled growth opportunity, with substantial upside gains for those who position themselves accordingly. GameStop: Vital Direction’s Bottom Call Confirmed! Wave 3 Next? Since our last analysis of GameStop (GME), we projected a bottom around $20.50 per share, followed by a significant upward move. This movement did occur, with the stock reaching approximately $24.50 before entering a corrective phase. Here at Vital Direction, we interpret this initial rise as Wave 1 of a new impulsive sequence, with the current correction likely representing Wave 2. We expect GameStop to complete this correction soon and potentially rally into Wave 3, which could target a new all-time high. To manage risk, we recommend a stop-loss at $20.54; if GameStop reaches this level, it may indicate further downside potential. However, if it remains above this mark, we anticipate continued upward movement.
NYSE:GME
by VitalDirection
NELCO LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:NELCO
by zenthosh
JSW HOLDINGS LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:JSWHL
by zenthosh
Tesla - This Will Be A Wild Ride!Tesla ( NASDAQ:TSLA ) is deciding about its future in the next 8 days: Click chart above to see the detailed analysis👆🏻 During the next 8 days - until this monthly candle closes - we will see whether or not Tesla will enter the next major bullrun. Currently Tesla is trading at the important triangle breakout level after dropping about -20% this month so far. The future of Tesla will depend on this breakout. Levels to watch: $160, $200, $270 Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLALong
by basictradingtv
28
TSLA pullback to $255MODs have suggested that I provide more detail about the picks I make. Sorry. I'm not as verbose as y'all, and I don't like things to be complicated. My trading plan is very simple. I buy or sell at top & bottom of parallel channels. I confirm when price hits Fibonacci levels. Bonus if a TTM Squeeze in in play. I hold until target is reached or end of year, when I can book a loss. So... Here's why I'm picking this symbol to do the thing. (buying TSLQ) Price at top of channels (period 100 52 39 & 26) Stochastic Momentum Index (SMI) at overbought level VBSM spiked positive Price at Fibonacci levels In at $285 Target is $255 or channel bottom Stop loss is $290
NASDAQ:TSLAShort
by chancethepug
PayPal: No Hidden FeesPayPal continues to solidify its position as a global leader in digital payments, with a growing influence in e-commerce, financial technology, and consumer finance. PayPal's legacy of innovation, coupled with its strategic expansion into emerging markets and technologies, makes it a compelling investment for those looking to capitalize on the next wave of financial technology advancements. NASDAQ:PYPL Financial Performance: Revenue Growth: PayPal reported a 7% year-over-year increase in revenue for Q2 2024, largely driven by the success of its merchant services and consumer financial products, which together saw a robust 10% growth. This highlights PayPal's ability to adapt to changing market demands and expand its revenue streams. Earnings Beat: The company exceeded analyst expectations with an EPS of $1.45, outperforming the consensus estimate of $1.32. This marks PayPal's fifth consecutive quarter of earnings beats, showcasing its operational efficiency and strong market positioning. Cash Flow: PayPal's free cash flow improved to $6.8 billion for the first half of 2024, a 9% increase compared to the same period last year. This strong cash flow provides PayPal with the liquidity needed for continued innovation, strategic acquisitions, and potential shareholder returns. Fintech Leadership: Buy Now, Pay Later (BNPL) Expansion: In 2024, PayPal's BNPL offerings experienced a 20% increase in active users. This significant growth underscores the platform's appeal to both consumers and merchants seeking flexible payment solutions, particularly in a rising interest rate environment where credit accessibility is tightening. Cryptocurrency Integration: PayPal's cryptocurrency trading and payment services gained momentum in 2024, with a 15% increase in cryptocurrency transactions on its platform. As digital currencies become more mainstream, PayPal's early adoption positions it as a key player in this evolving market. Strategic Acquisitions: The acquisition of Paidy, a Japan-based BNPL firm, in late 2023 has already started to deliver positive results in 2024. This move enhances PayPal's presence in Asia, a region with immense growth potential, making PayPal a more formidable competitor in the global digital payments space. Partnerships: The expansion of PayPal's partnership with Shopify in 2024 is proving to be a win-win, delivering joint e-commerce and payment solutions that cater to global merchants. This collaboration further strengthens PayPal's role as a leading technology enabler in the e-commerce ecosystem. Technical Analysis: Stock Performance: As of August 23, 2024, PayPal's stock is trading at $70 per share, reflecting an 40% year-to-date increase. Despite this strong performance, the stock is still trading at a forward P/E ratio of 35x. This suggests that PayPal's stock may be undervalued relative to its peers, presenting a potential buying opportunity for investors. Price Target: Analysts remain bullish on PayPal's growth prospects, with a consensus price target of $220, representing a significant upside over the next 24 months. This optimistic outlook is supported by the continued expansion of PayPal's high-margin digital payment and fintech businesses, as well as its strategic moves in the BNPL and cryptocurrency spaces. Fundamental Perspective: While PayPal does not currently offer a dividend, its strong balance sheet, robust cash flow, and impressive growth potential make it an attractive investment for those looking to gain exposure to the rapidly evolving financial technology sector. The company's ability to consistently beat earnings expectations, coupled with its strategic focus on innovation and market expansion, underscores its potential to deliver long-term value to shareholders. Upcoming Earnings Dates: Q3 2024 Earnings: October 26, 2024 (preliminary) Q4 2024 Earnings: January 30, 2025 (measurable) PayPal's continued innovation and strategic growth make it a standout choice for investors looking to ride the wave of financial technology advancements. This revision emphasizes both the technical and fundamental aspects of PayPal's current position, highlighting why it remains a strong buy as of August 23, 2024. $71.80 NASDAQ:PYPL
NASDAQ:PYPLLong
by lognomics
$AMZN IS ABOUT TO EXPLODE! BUY NOW OR FOMO LATERNASDAQ:AMZN 💥 NASDAQ:AMZN IS ABOUT TO EXPLODE! 💥 I first called out NASDAQ:AMZN on October 21st as it was setting up for a huge move and CupnHandle breakout. Here's 3 reasons to not miss this investing or trading opportunity. Price targets at the end. 1.) HIGH FIVE SETUP (Check the numbers below and you will see. 1-Breaking out of cupnhandle & symmetrical triangle pattern. 2-Volume profile gap from a volume shelf. 3-Uptrending MACD. 4-Higher Highs on RSI. 5-Uptrending Stoch. (trend). 2.) #Amazon margins and FCF are growing rapidly and will continue this uptrend heading into the holiday season with a RESILIENT AMERICAN CONSUMER. 3.) It's a BUY according to the fundamentals especially when valuing this company according to it's Discounted Cash Flow (DCF). Intrinsic Value: $250 🎯PT1: $231 (Symmetrical triangle measured move) 🎯PT2: $310 (Multi-year CupnHandle Measure Move) Are you a shareholder? or Are you trading this name? I'm done for the day! Going to be with my wife on her birthday and go trick or treating with my boys. Thanks for all the support, much love! LIKE l FOLLOW l SHARE HAPPY HALLOWEEN! #Earnings NFA
NASDAQ:AMZNLong
by RonnieV29
5