SRF/SWING TRADE # PRICE LOOKING BACK TO PREVIOUS TREND
#PRICE TRADING IN A PATTERN
# TAKING SUPPORT FROM MA 21 MA 50 EMA 21
#SL 2370
ALWAYS TAKE RISK REWARDS INTO ACCOUNT. IT IS THE CORE STRENGTH OF TRADING.
NO MATTER WHAT END OF THE DAY WHAT YOU EARN - WHAT YOU LOSE =RETURNS
"Investing in the stock market involves balancing risk and reward. Higher potential returns typically come with higher risk, while safer investments may offer lower returns. It's essential to assess your risk tolerance and investment goals carefully. Diversifying your portfolio can help manage risk. Remember, informed decisions and a long-term perspective are key to navigating the complexities of the market."
Chartanalysis
ExxonMobil: RegenerationWe are primarily assuming that the ExxonMobil stock should rise again significantly as part of the final stage of the green wave (1). Once the high of this movement has been established, a sell-off should follow. However, our please note our alternative scenario (37% probable), which will be triggered on a fall below the support level of $95.77. This option sees the stock in the green wave-alt.(2) correction and will lead to an imminent sell-off.
GOLD - one n only support, holding or not??#GOLD... a perfect move is going on according to our video analysis and as you can see market perfectly hold 2 times 2331 32 and dropped.
and our last day supporting area 2321 is still valid guys don't take it easy,
a triangle is also on table. keep close the tringle.
TECHNICAL:
2321 is one of the most important on chart in hour and 4 hours chart. in yesterday market perfectly hold it and now again hat is your area, short only below that area with mentioned tp's
good luck
trade wisely
UPL :: Turning around to (Agrow)Chemical Stock? - It's been decades we have seen that AgriCulture is contributing almost about 18-20% in India's GDP growth yet this sector remains to be more politically inclined to their specific actions during major elections.
- GDP contribution by Top 3 sectors:
Agriculture: 18.4%
Industry: 28.3%
Services: 53.3%
- NSE:UPL is one of the top 5 global providers of total agricultural solutions with a footprint in 138+ countries.
Going by the current situation we see the following observations -
1) Script is trading at a Money-based range dating back to the pandemic lows after hitting 52W Lows due to global headwinds.
2) After a stellar doubler move from Dec'20 to May'21 the script delivered almost more than 100% return to its investors and eventually we see a exhaustion after an eventual double top like pattern with a neckline candle marked in a red zone.
3) Interestingly, you see a SWAP LEVEL marked to denote the beautiful Yearly Low of 2021 being protected for next 2yrs and finally breaks down nearing ending of 2022 while being in a range of 200p within the red zone and swap level for that existing period.
4) While, we talked about price action in the previous point we missed out the lethal info being nudged in by our FUNDFLUX tool which showed consistent outflow of money in first 2Q's of 2022 before it out the swap level in Q3 of 2022.
5) What happens next will make you understand why we call the marked blue dotted line as the "Swap level" as after the breakdown we see a retest of the same level now turning out to be a resistance for script and eventually the Yearly Pivot Level of 2024 .
6) Now, currently the script trades in a good money-based range eventually dodging out YL4 breakdown and here the risk seems to be minimum as per the return is concerned as after 510-520 the script will be ripped for 640-650 initial target making a return of 30-35% in cash from entry being in the marked money-based green range and it can be in news in this quarter as elections are nearing and as said in the beginning - "AgriCulture" will be on one of the top agendas of the political parties and alongside if we see a relief from destocking and price revisions in the West after the much anticipated rate cuts then it will be an icing on the cake for the script as margins will improve in the coming quarterly results and lastly monsoon season is about to begin in India in a month and till now SKYMET expects Monsoon to be 'normal' in India.
A RELEVANT ARTICLE -
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Apple: DownhillApple recently set the high of the corrective wave (B) in magenta just below the resistance at $221.59. The wave (C) should now expand down into our green Target Zone (between $192.26 and $176.27). There the superior green wave (2) should be completed. Subsequently, we expect a reversal and a rise above $221.59. However, please note our alternative scenario (43%) that will come into play on a direct break of this resistance. In this case, the green wave alt.(2) is already complete.
Disney (DIS): Waiting for the Right MoveIt's been a while since we last checked on Disney. We hit our target for Wave A, getting close to $126. Now, we are working on Wave B, which we think will finish between $96 and $89. This range matches the 61.8% to 78.6% Fibonacci retracement levels, suggesting a Zig-Zag correction.
Current Situation:
Regarding the future outlook, we are looking at $156 to $176 for the next upward move, matching the 61.8% to 78.6% Fibonacci retracement levels for the larger Wave B.
Strategy:
Our plan is to be patient. We are not trading or taking any positions right now. The correction might extend and could bring the price below $77 if Wave (A) isn’t fully done. It’s important to wait for clear signs of stability and the end of the correction before making any moves.
Conclusion:
Patience is very important for Disney right now. We are watching the $96 to $89 range to see if Wave B completes. If this correction phase ends well, we might see a move towards $156 to $176. However, we need to stay cautious and wait for a clear signal before taking any action.
Lista chartLista key levels. Each horizontal line represents support and resistance with the green lines representing ideal targets for a bull run. The green diagonal line is the support pushing the price up, when it brakes the price can go to the lower targets.
The vertical lines are trigger points for pumps or dumps.
This is done using an experimental method inspired by Da Vinci. This is not financial advice.
1000 rats full chartThis is an experimental chart using a method that I developed over 6 - 7 years. The circles act as targets and magnets for the price also as support and resistance.
You also have diagonal trendlines with channels. each channel has an upper limit that acts as resistance, a lower limit that acts as support and a middle area.
The trendlines will direct the price in one direction and sometimes it can breakout of the downtrend and uptrend and reset to the reversal targets.
eBay: Knock... Knock...Ebay is trying to overcome the resistance line at $55.50. We expect it to succeed in doing so soon. We expect the high of the current wave b in beige and thus the end of the corrective rise well above this level. If, on the other hand, the stock now heads directly below the support at $46.03, we will have to assume that the wave alt. b in beige is already finished (probability: 37%).
Coca-Cola: Keep Going! In the short term, KO should still climb higher with the current blue wave (y). After the high, we expect another downward move, but ultimately, the resistance at $63.76 should be exceeded again. It is important for the support at $57.93 to hold for our scenario to remain valid.
Hinduni bullish for 27/06/2024Hi fellow traders,
Check out this Hindustan Unilever chart. It has taken its sweet time to retrace making a slingshot pattern (Don't know official name). I am bullish on this chart for intraday as well as for a week where my entry point will be 2450 and SL will be 2420. So, for intraday my profit is 2500. And for weekly trading it is 2700.
Let me know what you feel. You too will be updated about my thoughts throughout tomorrow's trading session.
Disclaimer : This is my analysis and I does not responsibility of any profit or loss executing this suggestion. Even though I will be taking the same trade tomorrow, do your own analysis.
Stay tuned for such daily chart analysis.
MATIC: Start-Up DifficultiesMATIC struggled to achieve clear upward momentum last week. The bears slowed the coin down, so that it is trading slightly lower today than at the time of our last update. Nonetheless, we still see the price in the blue wave (iii). During this wave, we expect it to rise well above the resistance at $0.98. If, on the other hand, there is a fall below the support at $0.50, we will have to assume a still ongoing wave alt.(2) in magenta, which would first require a setback into our same-colored Target Zone ($0.471 – $0.308).
Bitcoin: Take a dive!Bitcoin once again reached our green Target Zone ($58,655 – $47,012). Although it showed a clear upward reaction directly on the upper edge of the Zone, we primarily expect a deeper dive. As soon as the low of the green wave 4 is established, we expect rises to well above the resistance at $73,462. At the end of this move, the high of the larger wave iii in orange should be established.
DOT Coin at Strong Support Potential for 24x Gains in Alt SeasonDOT Coin is currently positioned at a robust support level between $5.1 and $5.4, indicating a significant opportunity for a substantial gain during the upcoming altcoin season. Historically, these support levels have proven to be a launchpad for impressive bullish movements, suggesting that now is an ideal time to consider an investment in DOT Coin.
As we anticipate the altcoin season, the potential targets for DOT Coin are particularly promising. Based on historical data, the minimum target for DOT Coin during a bull run is $122, with a maximum target reaching up to $138. These targets highlight the considerable upside potential for DOT Coin, making it a compelling choice for traders looking to capitalize on the altcoin market.
In conclusion, DOT Coin’s current position and historical performance make it a strong candidate for substantial gains. With solid support levels and ambitious targets, DOT Coin is well-positioned to thrive in the upcoming altcoin season. Traders should consider this opportunity to potentially maximize their returns as the market conditions align favorably for DOT Coin.
S&P 500: One last ClimbWe see the S&P 500 primarily on the last few meters of the magenta wave (1). Although it is of course absolutely possible that we have already seen the high, the price is likely to rebound once more before it brings this movement to an end. Subsequently, we expect a medium-sized correction in the form of the magenta wave (2), which should extend to our same-colored Target Zone between 4851 and 4678 points.
BTC - Bullish potential"This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
The market has been in a prolonged downtrend, with a sharp decline in BTC causing significant volatility in the Alt Coin market.
Currently, BTC is positioned at a key resistance level, suggesting the potential for an upward movement. The market sentiment is buoyed by some positive news, but liquidity issues remain a concern. Adequate liquidity is essential to support any bullish momentum and counteract the bearish pressures.
BTC - Bullish potential"This is not financial advice. It is crucial to conduct your own research and due diligence before making any investment decisions."
The market has been in a prolonged downtrend, with a sharp decline in BTC causing significant volatility in the Alt Coin market.
Currently, BTC is positioned at a key resistance level, suggesting the potential for an upward movement. The market sentiment is buoyed by some positive news, but liquidity issues remain a concern. Adequate liquidity is essential to support any bullish momentum and counteract the bearish pressures.
MAPMYINDIA : OverValued ?www.tradingview.com
It has been observed a remarkable increase in stock's trading volume (approx. 20x each day in last 2 days) and price over the last two days as well. The current price has reached what our system projected as the best-case scenario for the next 12-months. Hence leaving no scope for further increase and its sustainability.
Though this surge seems to align with market behaviors where high volume often indicates strong buying interest and a positive outlook on the stock's value. However, such spike also invites questions on this trend and its sustainability. Often it has been seen that a sharp profit booking start before the trend continuation.
Atleast a 25% correction in this stock price is expected.
Platinum: Destination Reached Platinum has reached our beige Target Zone between $995.40 and $1026. Within this range, the price should place the high of beige wave (4) and enter a larger sell-off. If, on the other hand, there is a direct break of the resistance at $1105 (28% likely), we will still see the price in the green wave alt.X.