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Nasdaq & RTX Charts Suggest Promising Growth AheadNASDAQ After a powerful uptrend, the stock encountered a significant resistance around the 72 level and plummeted sharply thereafter. Finding stability near the 47 level, the price surged within a Rising Wedge formation. Typically, following the appearance of this pattern, a decline occurs post-breakout. This scenario unfolded exactly as expected. Subsequently, the stock price consolidated and established an Inverted Head & Shoulders pattern, signaling a potential reversal in trend. With two successive breakouts, the stock is currently advancing with strong volume backing. RTX We have observed a period of price consolidation within a Symmetrical Triangle pattern in the past. After the breakout, there was a noticeable price surge, propelling the stock to reach its previous all-time high. However, the stock faced a significant rejection at that level, leading to another consolidation phase and the formation of a symmetrical triangle pattern. Once the pattern broke down, the price dropped back to its previous support zone. Since then, the stock has been steadily moving upwards and recently experienced a strong breakout, surpassing its previous resistance level. At present, the stock is trading at a new all-time high and is anticipated to continue moving even higher.
NASDAQ:NDAQLong
by NaranjCapital
Tesla - Fakeout leading to a -50% drop?NASDAQ:TSLA is currently trading at a key inflection level, forming a trend for the next years. Within a couple of hours, an entire stock can reverse and fundamentally change its trend. Tesla is still retesting a multi-year resistance trendline and is down about -8% today. If this selloff continues and Tesla rejects the resistance trendline with a massive bearish wick, then we will most likely see a correction back to the lower support of the descending triangle pattern. Levels to watch: $240, $120 Keep your long term vision, Philip - BasicTrading
NASDAQ:TSLAShort
by basictradingtv
15
NAS100 I Break of daily support level 19,467Welcome back! Let me know your thoughts in the comments! ** NAS100 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
BLACKBULL:NAS100Short
by BKTradingAcademy
Dogecoin - The pump is so clear!CRYPTO:DOGEUSD is looking so bullish, Cycles, breakouts, sentiment and market structure. Dogecoin is combining all four of these bullish aspects and is preparing for a major move higher. After Dogecoin finally broke out of the triangle a couple of months ago, we already saw a rally of +250%. This is simply the starting of the next major crypto bullrun which will pump the entire altcoin market, especially Dogecoin! Levels to watch: $0.117 Keep your long term vision, Philip - BasicTrading
CRYPTO:DOGEUSDLong
by basictradingtv
14
Bitcoin - Half way to the $200.000 target!BITSTAMP:BTCUSD is consecutively retesting the previous all time high and breaking out soon. You all know my life motto: Keep your long term vision. This is especially true when it comes to trading the major swings on Bitcoin. These very volatile short term moves will always give you a false perception of the underlying trend. And the underlying trend on Bitcoin is bullish, despite the recent back and forth at the previous all time high. I do expect a major bullish breakout soon. Levels to watch: $67.000 Keep your long term vision, Philip - BasicTrading
BITSTAMP:BTCUSDLong
by basictradingtv
8
ELECTCAST 3rd Time Knocking its All Time High with Weekly HammerNSE:ELECTCAST The company was incorporated in November 1955, as Dalmia Iron & Steel Ltd and re-incorporated under the name of ECL in May 1965. ECL manufactures DI pipes with combined installed capacity of 7,45,000 MTPA. Combined production capacity for DI fittings and cast iron pipes is 21,000 MTPA and 90,000 MTPA, respectively. Through backward integration, the company also operates a blast furnace, coke oven and waste heat recovery-based power plant. Plants are in Khardah and Haldia in West Bengal, Elavur in Tamil Nadu, and Srikalahasthi in Andhra Pradesh. Strengths: Established position in the pipes industry with significant backward integration: The three-decade-long experience of the promoters in the ductile iron (DI) pipes industry has helped them establish significant market presence, expand production capacities, and undertake backward integration over the years. The facility is already utilised by over 90% and ECL plans to further add capacity of more than 2.5 lakh metric tonne per annum (MTPA) over the next two fiscals. This will enable the company to retain its leadership position in the DI pipe market. The company maintains strong trade relationships with reputed overseas customers and all major players in the domestic market. Limited competition, owing to large capital requirement and necessity to have critical accreditations and customer approvals, bolster the business risk profile. Performance is further supported by improving global and domestic demand, as reflected in a strong order book providing healthy revenue visibility. Healthy financial risk profile: Networth and gearing have improved to Rs 5,111 crore and 0.44 time, respectively, as on March 31, 2024 (Rs 4,376 crore and 0.6 time, respectively, a year earlier), backed by better profitability and hence, steady accretion to reserves. Lower dependence on external debt and better working capital management should also aid the financial risk profile. Debt protection metrics remain comfortable with interest coverage and net cash accrual to adjusted debt ratios at 5.7 times and 0.34 time, respectively, in fiscal 2024. Order Book 6 lakh tonnes let say, so about nine to 10 months of Healthy Order Book. worth of Around Rs. 4,500 crores approximately. Financial Highlights Revenues at INR 7,580 Crores, Highest ever yearly EBITDA and PAT at INR 1,281 Crores and INR 740 Crores, respectively in FY24 ➢ EBITDA margin and PAT margin at 16.9% and 9.8%, respectively in FY24 ➢ Adjusted FY24 ROCE at 19.0% (FY23 - 13.0%) and ROE at 19.3% (FY23 - 11.2%) ➢ Strong Order Book visibility of 10 months Other Financial Metrics EBITDA grew by 50.9% YoY to INR 346 Crores in Q4FY24, the EBITDA margin expanded by 495 bps YoY to 17.0%. • Highest ever PAT of INR 227 Crores, up by 153.8% YoY in Q4FY24, PAT margin expanded by 645 bps YoY to 11.1%. • Decline in interest cost by 33.3% during the quarter. Effective Positive Policies Jal Jeevan Mission (JJM): Driving Water Infra Demand ➢ The Government’s flagship scheme - Outlay of INR 3.60 lakh crores ➢ Providing water supply by to every crore rural household at a capacity of at least 55 litres per capita, per day (lpcd) by 2024 ➢ Providing Functional Household Tap Connections (FHTCs) to 19.4 crore rural households and village institutions ➢ Prioritising quality-affected villages (drought prone & desert areas Additional Government Schemes Driving Water Infra Spending AMRUT 2.0: INR 2,99,000 Crores (Launched by Hon’ble PM on 1st Oct 2021) ➢ Aims to provide 2.68 Crore water taps connections in 4,800 statutory towns ➢ New 2.64 Crore Sewerage/Septage services in 500 AMRUT cities
NSE:ELECTCASTLong
by iism-ExpertTrading