#HAVELLS 1319 Tgt 1465 Buy - Rachit SethiaHAVELLS
CMP 1319
TGT 1465++
SL 1280
Return ~ 12%
TF 6months
RR ~3.8
NSE:HAVELLS
#HAVELLS
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
BANG
$RBLX Bearish trade$RBLX is looking at a average Analyst price target of roughly $114.80, with a possible fall of 10% if we are looking at the analyst rating as a reference. www.tipranks.com
There is a new channel forming which price can bounce around in if we cant break the resistance level that has been touched multiple times (see blue circles on purple resistance line).
There are a number of macro events at play this week, as well as multiple competitors entering the metaverse space.
$CGC approaching a major support level, demand zoneWe also still have the Republican legislation bill that is still in motion, initial reports of this bill were on the 15th, but no news yet on when they expect to vote on this bill.
finance.yahoo.com
Today, noticed a 12 Put sizzle index compared to just 1.7 on Calls.. we expect to see a move down to the green buy region. When CGC announces new CEO and key executive leadership, this will create a bullish catalyst for a move higher.
ENDGAME - GAMESTOP - $GME - PT: 2000I believe that with GME... We are witnessing a complete failure of the MM to control the SP... A true free market.
It appears that the squeeze has not been squoze...
Retail Impulse Wave 3 is coming.. You must hedge in the "real" market.
I have forecasted that SPY will correct in Mar-Apr. and institutional liquidation due to another impulse wave in the BANG stocks will cause this...
Vlad Tenev admitted that they were about to have a liquidity issue during Wave 1.
The sharks smell blood in the water and they will pounce again... even harder this time.
Do not underestimate this... traditional investors.
TECHNICAL VIEW:
- The beauty is that without algorithmic pressure... it is possible to have PERFECT Elliot Motive Waves... See my previous forecasts on the BANG Stocks.
- Wave 3 PT: 765
- Wave 5 PT: 2000
COVID: POP! BANG!This is the latest picture for COVID-19 deaths in USA v UK. The virus has pricked the DJI'S bubble!
I don't see any plateaus or defined peaks. A peak is defined relative to a trough. No trough, or retracement means no defined peak. There is a whole lotta spin out there in lamestream media telling us that COVID has peaked. I can't see it.
The virus's pinprick caused a POP. From April 2020, it took off with a BANG! The FED believes it can fight a virus with free or easy cash. They don't seem to be winning (at this time only).
Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.