HDFC Bank LtdImmediate targets of HDFC Bank is mentioned.
*investments in equity is subjected to market risk do own research before investing.
Buysell
ENPH Enphase Energy Options Ahead of EarningsIf you haven`t sold ENPH after the Double Dop:
Now analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week,
I would consider purchasing the 115usd strike price Calls with
an expiration date of 2024-7-26,
for a premium of approximately $3.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
PEP PepsiCo Options Ahead of Earnings If you haven`t bought the dip on PEP:
Now analyzing the options chain and the chart patterns of PEP PepsiCo prior to the earnings report this week,
I would consider purchasing the 180usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $2.81.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
AEHR Test Systems Options Ahead of EarningsIf you haven`t bought AEHR before the rally:
nor sold the Double Top:
Then analyzing the options chain and the chart patterns of AEHR Test Systems prior to the earnings report this week,
I would consider purchasing the 15usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $0.98.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BX Blackstone Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BX Blackstone prior to the earnings report this week,
I would consider purchasing the 140usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $6.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
RCL Royal Caribbean Cruises Options Ahead of EarningsIf you haven`t bought RCL before the previous earnings:
Now analyzing the options chain and the chart patterns of RCL Royal Caribbean Cruises prior to the earnings report this week,
I would consider purchasing the 165usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $13.95.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
V Visa Options Ahead of EarningsIf you haven`t bought V before the previous earnings:
Now analyzing the options chain and the chart patterns of V Visa prior to the earnings report this week,
I would consider purchasing the 280usd strike price Calls with
an expiration date of 2024-10-18,
for a premium of approximately $5.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
TSM Taiwan Semiconductor Options Ahead of EarningsIf you haven`t bought TSM before it skyrocketed:
Now analyzing the options chain and the chart patterns of TSM Taiwan Semiconductor prior to the earnings report this week,
I would consider purchasing the 190usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $12.70.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
xauusd analysis for 9/07/2024Last week our analyis on xauusd was perfect , we have predicted that if it cannot break the 2319-2312 zone then it will be bullish up to 2385.
Targets hit
2337 ✅✅✅
2347✅✅✅
2362✅✅✅
2385✅✅✅
our analyis for today:
it will be a ranging market from 2353 to 2371 , so buy the dip and sell the high.
▶️ if 2370 is broken then the market will fly upwards to 2385 2393 2404 2421 in extension
▶️ if 2353 support is broken then the market will fall towards
2342 2333 2321 2311 2306
.
we will make a detail analysis on fundamental technical and geopolitical scenarios.
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DAL Delta Air Lines Options Ahead of EarningsIf you haven`t bought the dip on DAL:
Now analyzing the options chain and the chart patterns of DAL Delta Air Lines prior to the earnings report this week,
I would consider purchasing the 46usd strike price Calls with
an expiration date of 2024-7-19,
for a premium of approximately $1.74.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
=
Did you buy HFCL?As published in the previous post,
HFCL did retest and is now trading at 12% higher than reco.
A safe zone to buy was 113 - 114.
I personally bought at 110.
TARGETS?
If you are a short term trader, looking for quick profit, consider closing partial quantity at CMP and rest at 127.
If you think you can hold it and you are fine with your capital invested here, your target is 140, 160, 220.
I will be holding, will buy on dips if it comes.
Happy Trading:)
xauusd analysis for the day 1/07/2024xauusd is following a neutral pattern for the day before European market opening.
we will provide major support and resistance for the recent market scenario. a further update will be given based on market momentum changes,
right now xauusd is following a ranging market.
Support
2321
2314
2306
2297
2288
2282
Resistance
2332
2337
2347
2362
2378
2396
these support and resistance can be used as bullish and bearish targets for your trades,
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A good time to accumulate HFCL?• HFCL is trading at around it's all time high.
• The fundamentals are quite good.
• A breakout on February failed and the prices fell and since February it was trading in a range.
• Finally on 12th June it broke out with promising volumes and now has come down to retest it's breakout level which is between 108.80 - 111.50.
• One can observe the markets tomorrow and plan their entry. Although an entry around 113.50 - 114 should be more convincing.
• Buy and hold it. If the prices fall down, if you can't handle the risk, exit and buy on dip at lower level.
• On dips, first buying zone is around 90. The second is around 84-82.
• Invest doing your own analysis. Thanks
USD INDEX DXYLast one week we have seen a serious upward rise in us dollar index based on various positive and negative events happened. the us market and dollar is being controlled by various turbulent economic and geopolitical situations.
In geopolitical aspects if israel hisbullah issue may bring usa into full on war support to israel against hisbullah in lebanon then the us dollar will fall drastically like hell.
on the financial end if us treasury bonds moves good and new financial policies enacted the dollar will get more boost,
but we expect a retracement of usd dollar index either from 105.57 area or from 105.88 area.
if both these areas are breached then gold will fly to an area of 106.40
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BTCUSDThe cryptocurrency market capitalization has increased by 1.2% to $2.56 trillion. Bitcoin's gain contrasts sharply with the declines seen in altcoins. Ethereum rose by 1.3%.
The main upward momentum occurred during the Asian morning session. As of this writing, Bitcoin's price appears to have moved away from extremes. Nonetheless, the latest momentum indicates that bears still dominate the cryptocurrency market.
Bitcoin earlier fell to $64,041, the lowest level since May 15. Bitcoin has been on a downward trend for the past 12 days, significantly breaking below the 50-day SMA and the 76.4% Fibonacci retracement level of the January to March gains.
Due to a shift in market sentiment, the crypto market has suffered significant losses over the past two weeks; however, it has not relinquished key support levels, showing signs of being undervalued. The Market Value to Realized Value (MVRV) indicator over a 30-day period indicates bullish signs for these assets.
on technical side Bitcoin's price has dropped from around $67,300 to the support level of $64,041, forming a bullish "inverse head-and-shoulders" pattern.
The observed uptrend today has broken through the channel's midline and the "neckline" of the aforementioned pattern. Therefore, from a technical analysis perspective, it can be reasonably argued that bulls are taking control by leveraging support levels.
The RSI and oscillators support the rebound. The lower low formed on June 18 was not reflected in higher highs during the same period. This development, known as bullish divergence, typically leads to a trend reversal or short-term rebound.
If the bulls are active and the overall outlook for the cryptocurrency market is optimistic, Bitcoin's price could increase by 6% to the previous resistance level of $71,280.
In a negative scenario, a decline from current levels below the previous point of $64,041 poses further downside risks.
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EURUSDEuro zone had made many financial plans to strengthen the economy.
And our last analysis for eurusd was perfect with hitting target and earning good returns.
the next week week expect a major upward movement for eurusd as dollar index is also expecting a downfall retracement from its upward movement which will inturn boost euro zone and weaken dollar.
bullish target 1.0760
we will do more detailed analysis of eurusd once the market is open
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oil crudewe anticipate a long term buy for crude oil based on the following analysis of crude oil which is an amalgamation of both fundamental technical analysis.
WTI crude oil continues its upward trajectory, with hourly prices testing the upper bounds of the ascending channel. If the short-term ceiling holds, prices could still experience a rapid pullback.
The 38.2% Fibonacci retracement level stands at $80.02, with larger pullbacks potentially reaching the 50% level at $79.51, followed by the 61.8% level at $78.99 near the channel bottom and the 200-day SMA dynamic inflection point.
The stochastic oscillator dropping from overbought territory indicates rising selling pressure, with room for oscillators to decline further before reflecting bearish exhaustion, which suggests that the correction could persist until such exhaustion is observed.
The RSI is also trending downward, indicating that crude oil prices may follow suit until oversold conditions are met and oscillators rebound.
However, the overall structure shows the 100 SMA above the 200 SMA, confirming that the path of least resistance remains upward, or that support levels are more likely to hold than break. In this scenario, oil prices may continue to rise toward the swing highs around $81.69 or higher. In terms of trading strategy, it is recommended to buy the dips.
ENTRY ; 80.00
tp 85
sl 78.80
risk reward ratio ; 120;500 (approximately 5 times more reward).
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GBPJPY The Bank of England's Monetary Policy Committee (MPC) voted 7-2 to keep the Bank Rate unchanged, aligning with broad expectations. Swati Dhingra and Dave Ramsden again voted to lower the rate by 25 basis points to 5.00%.
The BoE indicated that as part of the August (rate cut) forecast, the Committee will review all available information to assess whether the risks of persistent inflation are diminishing. Based on this assessment, the Committee will determine how long the Bank Rate should be maintained at the current level.
Despite CPI falling to 2% in May, the Bank expects CPI to "rise slightly" in the second half of the year due to base effects from last year's energy price declines. Additionally, the Bank noted that services inflation at 5.7% was "somewhat higher" than projected in the May monetary policy report.
In terms of growth, GDP appears to have grown "more strongly than expected" in the first half of the year but remains at a quarterly growth rate of around 0.25%.
Market Outlook: We are less concerned with the timing of the BoE's first rate cut and more focused on the expected limited and gradual rate cuts. For us, the biggest issue is not necessarily the timing of the first rate cut, but the pace and extent of rate cuts after the first one. In an era of global economic fragmentation, supply-side fluctuations, and fiscal activism, 2% is the lower bound for inflation, not the upper limit. This suggests a gradual easing cycle, with rates stabilizing above pre-pandemic levels.
Gbpjpy again has a potential buy pattern and if it crosses the pivot we can first expect a down market and further a potential further downward or upward retracement.
bullish targets:
202.05
202.30
202.57
202.80
Bearish Targets:
201.50
201.28
201.02
200.80
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SOL Solana Bearish PennantIf you haven`t sold SOL close to the top:
Solana, hailed for its scalability and performance within the cryptocurrency ecosystem, finds itself ensnared within the confines of a bearish pennant formation, signaling potential headwinds for the altcoin in the near term. With a looming price target of $125, Solana faces mounting selling pressure as it grapples with the implications of this ominous technical pattern.
A bearish pennant, characterized by a brief consolidation phase following a sharp downward move, often precedes further declines, reflecting a temporary pause in selling pressure before a potential continuation of the prevailing downtrend. Solana's recent price action mirrors this pattern closely, with each attempt at recovery stymied by strong resistance, reinforcing the prevailing bearish sentiment.
XAUUSD major support and resistance for the daysupport:
2348
2337
2327
2322
2312
2306
Resistance:
2365
2374
2388
2395
2404
2412
2421
The bottoming sign in the 1D timeframe is clear, but the upward momentum still falls short of expectations. If a strong uptrend forms today, we could see a high of 2,370 in the 1D timeframe, after completing this uptrend, we will then assess whether there will be a correction or if the bullish trend will continue. In the 4H timeframe, it is just lacking a bit of momentum for an uptrend. With another rise on Thursday to break through 2,342 and the Bollinger upper band widening, it will form a strong uptrend. This could lead to a significant surge, and combined with the target in the 1D timeframe, we could see a rise of about US$30 this week.
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GOOG IS BEARISH AB=CD PATTERN SHORT TERM! GOOG is in a bearish AB=CD pattern short term (1h). Looking to take profits around the green and gold boxes. Let's get it! 🤘🏻🚀🤑
xauusd scalp signalfor the day 20/72024 xauusd is following a ranging pattern and now we will post a scalp signal for xauusd.
sell limit
entry 2330.50
tp 2329
2327.50
2325
buy limit
entry 2322
tp 2324
tp 2326
tp 2329
use comfortable sl in both entries. trade with proper risk management.
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XAUUSD As from our previous analysis we published both bullish and bearish targets for xauusd , as the market lacks momentum we finds a buy from 2322,
at the point 2322 we can find big bullish volume and also 100 day moving average passing through. we can also elicit the presence of an order block as well as a fair value gap in this region.
for more information follow our previous chart analysis posted.
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