sumanthduthu

sumanthduthu Updated 

Everyday, I check few stocks which are on my radar and draw graphs/patterns. Today, I found that FSLR falls in the pattern and is a good buy opportunity. Based on the sideway pattern, the first target would be around $241-$245. And if the stock goes more high with good earnings, then the next level would be around $263 level. Most of the stocks I do are swing...

sumanthduthu

Analyzing the chart for META, I found it has recently reached its support and is ready to take off soon. It’s better to find a seat before it heads to the moon. The support level is around $452, with target prices at $504 (TP1), $532 (TP2), and $600 (TP3), as indicated in the graph. My charts are usually simple, with just support and resistance lines (different...

sumanthduthu Updated 

Looking at the chart for AAL and based on its current pattern, the support levels are at $8.30. You can aim to take profit at $11.00 and then further at $14.00. The company is currently experiencing a bumpy ride, but I believe this will be short-lived. At the mentioned levels, it's a very good opportunity for swing trades.(Profit % : Around 20%) The RSI is at...

sumanthduthu Updated 

As shown in the chart, we have strong support at $117. NVIDIA has demonstrated solid fundamentals recently, making it likely to bounce to $140 (first target). NVIDIA is a highly volatile stock due to significant investor interest, presenting a long-term investment opportunity at this level. The company has many plans for the future and has consistently delivered...

sumanthduthu Updated 

To be honest selling Tesla gave me a big handful of profit as I was holding it for a long time. So dividing my profit and investing in Sea Limited and Morgan Stanley (check this analysis as I posted recently) at the moment. The $69-$67 level seems to be a good entry point, as always don't invest everything in one go. If that support breaks due to bad news, we...

sumanthduthu

Just a RECAP. I lastly took a trade on ALI BABA and got a sold profit of 12%. Now, stock crawling and finally came across MO(Altria group). It got a beautiful pattern, multiple tops and multiple bottoms. I started accumulating this stock at the $43.83 - $43.30 levels. And our take profits should be the $47.50 level. I will keep updating if I find anything else...

sumanthduthu Updated 

After closing my trade on Qualcomm with a 12% profit, jumped into Coca-Cola stock. The pattern seems very interesting, it has got a clean double top and multiple bottoms. The volume also started to increase Entered the trade at $59 dollars, and will wait until it touches $64.50. This is not a very volatile stock, so it is going to take a while to reach our target...

sumanthduthu Updated 

Just sold my 25 Tesla stocks and made a good profit, looking for a good entry point in Morgan Stanley, and felt like $83 was a decent entry point. Bought a few stocks, and will definitely pile more. At this point, not sure whether the $83 level will act as a strong support or if will it further goes to the $75 level. Here it is very crucial level to watch I feel...

sumanthduthu

My way is trading is that I will focus on a minimum of 10%-15% of profits. The last trade which I took was "Morgan Stanley" and I achieved my criteria, so it was closed yesterday. Checking other patterns "NIKE" seems to be a wonderful choice to enter a trade. Started accumulating at $105, it may go all the way to $100. But atm, I would say $105 would act as a...

sumanthduthu Updated 

It looks like a good buy area here, but it may fall down more. We can start accumulating and our take profit should be focussed on 125 and if the trend is very bullish, the next take profit zone would be around 137. Please do your own analysis and trade wisely folks - Thanks

sumanthduthu Updated 

Tesla perfectly sits in /follows the support and resistance which I drew. It can go all the way to 148, based on my analysis. As always, be welcomed to correct me, if I misjudged something Trade safely folks - Thanks :)

sumanthduthu Updated 

This trend from last year's "MAY"(2022) follows a perfect support pattern at the above-mentioned levels. We can also notice the Head and shoulder pattern formed here. Now, after forming the H&S pattern, it has again retested the support quickly which means that there is a high probability that it is gonna be "bearish". If it falls the below the support...

sumanthduthu

Lately, tech stocks were gaining a large momentum and I guess from here it gets slower/weaker and falls for a bit. Amazon from here falls for a short period of time based on the technical analysis and chart patterns/indicators. Unless there is very big positive news (which nobody can predict) So from my eye POV, I think it will retest the 104-105 level before...

sumanthduthu Updated 

My take profit on Google would be around 112.48 for now. If it is very bullish that it crosses that resistance, the next take profit would be around 123. The suggested price targets are based on my indicators and patterns. Please be welcome to correct me, if my POV on it is wrong or misjudged. Just for learning purpose, please trade wisely folks :) - Thanks

sumanthduthu Updated 

Please can you all help me, if my analysis makes sense or not? I feel that, if DOW JONES closes below 31268 then the bearish trend is gonna continue for a while, or if it stays above the 31268 level, it would be bullish for the short term. Also seems like RSI is not bottomed fully Help me with what you think or if my analysis is not right Thanks, Sumanth

sumanthduthu

From my point of view, Google seems to be very bullish. The indicators showcase above indicate the same. My Support would be S1: 105.51 and S2: 91.81 My Take profit would be TP1: 119.37 and TP2: 122.56 Though my take profit would sync with the market, I strongly suggest taking profits before my TP1 ( Around 114-116). Remember the overall market sentiment is...

sumanthduthu

Been following this stock(Amazon) for a while. I think the stock is nearing its support price. Based on my analysis S1: 125.55, S2: 124.12, S3: 117.14 And my take profit is TP1: 132.17, TP2: 137, TP3: 142.19, TP4: 145.77 The RSI is also nearing a bottom and the volume is also piling up Also, do consider the market overall sentiment I always appreciate all of...