JLHL | POSITIONAL | LONGBasing near the previous swing high
Above 20 and 50 EMAs
Contracting nicely near the top of a bigger base
Consolidation
Consolidating Time Over...NSE:HDFCAMC trade at 4300, and consolidating between 3600-4200 from last 6 month. Now consolidating time is over, when its range break then its next Resistence is at 4800...
USDCAD → The currency pair is preparing to decline. Target 1.360FX:USDCAD for the last few days does not show any preconditions for a pullback or growth, forming a pre-breakdown consolidation relative to 1.372. The fall of the dollar can provoke a breakdown....
Technically, the price is returning to the range of 1.3755 - 1.3600. The bears are holding resistance, forming a descending triangle under the upper boundary of the range, which is generally a prerequisite for a fall. The only possible target in such a case could be the range support.
According to the survey conducted by BofA among investors, more and more traders are betting on the decline of the dollar. The general policy of the Fed is also putting pressure on the index. The currencies may go into a strengthening phase....
Resistance levels: 1.3755, 1.3787
Support levels: 1.372, 1.3655
Technically, the currency pair is forming a local downtrend, and the intermediate patterns play the role of triggers for the continuation of the movement. Accordingly, I continue to expect that the currency pair may decline to 1.36
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDCAD ;)
Regards R. Linda!
Bitcoin - A short term overviewBINANCE:BTCUSD (1H CHART) Technical Analysis Update
BTC is currently trading at $58593 and currently trading at the support zone. Looks like price is consolidating around 58K range. A break out or break down from this consolidation will result in price reaching the next target.
- If price breaks down then the next support for bitcoin is around 55K range.
- If bounces back from this range then next resistance is around 61K range.
Let's see how this plays out.
It looks like price will mostly bounce back from this range. This gives us a long opportunity
Entry: 58K range
StopLoss: 56500
TP1: 59000
TP2: 60000
TP2: 61000
Don't forget to keep stoploss.
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Cheers
GreenCrypto
HPL potential breakout - Strong prior buying force.
- Consolidation on low volumes.
- Low risk entry.
- 3T VCP formation.
RAMRAT | LONG | POSITIONAL | BASE ON BASEPrice showing momentum
Creating a base near ATH
Base over base formation
Caution:
Overall market conditions are highly volatile which can impact the trade idea
EURUSD → Attempting to change the global trend.... FX:EURUSD after the retest of the trend resistance is forming a correction, which is correlated with the growth of the dollar index. By the nature of the movement, the currency pair is in the bull market phase....
False breakdown of the symmetrical triangle resistance. The fundamental background for the currency pair is relatively positive. The dollar will continue its decline in the future, which is favorable for the euro. In this case, after the end of the correction, it is possible to retest the resistance with the aim of breaking through and further change of the global trend from neutral to bullish.
Technically, the focus is on 1.0916 and 1.095. Breakout and price consolidation above this zone will be the beginning of further bullrun.
Support levels: 0.5 fibo, 1.087, 0.7 fibo, 0.79 fibo.
Resistance levels: 1.0916, 1. 095
Both technically and fundamentally, we have positive preconditions for the growth continuation. The correction may take a little longer, but it is worth paying attention to the key zones indicated on the chart.
Rate, share your opinion and questions, let's discuss what's going on with ★ EURUSD ;)
Regards R. Linda!
GOLD → ATH retest before CPI. What should we expect?FX:XAUUSD is defending the psychological level and support zone at 2450 and testing key resistance at 2477 for a breakout, ahead of 2483. All eyes are on key US CPI inflation data
Traders are still expecting a softer CPI report after a larger than expected decline in PPI data released yesterday. A softer CPI figure may confirm forecasts of an aggressive Fed rate cut, which will intensify the USD sell-off. This situation may trigger a northward movement in gold (strengthening the price)
In addition, the price of gold continues to find support in the geopolitical tensions in the Middle East, the situation is still heated to the limit.
Technically, the price continues to head towards 2477-2483. Retests of resistance for a breakout of the level continue.
Resistance levels: 2477, 2483, 2500
Support levels: 2458, 2450
On high news volatility, the price may form a quick breakout and rally or long-squeeze before rising further. BUT, unpredictable news may break the market structure, in which case the price may head beyond 2450.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:XAUUSD ;)
Regards R. Linda!
ETHEREUM → A train can become a rocket. Key zone 2700 - 2800 ↑The market is buying back BINANCE:ETHUSDT after a big fall due to fear. Bulls kept the price below 2000 and now they are trying to keep it above 2500. The overall bullish backdrop is still in place.....
A very promising technical situation is forming on W1. If the price returns to the global sideways range, we will have good prerequisites for a rise to 4000 - 4800.
Fundamentally, everything is the same, the general background is bullish. The liquidation (strong downward movement) and the subsequent active buyback indicates that the market is free of unnecessary traders and the train can now move in the right direction, it remains to get to the key station before departure.
The key stations are the 2717 - 2817 area. If the bulls can overcome this resistance and consolidate above, thus forming a strong support area and an intermediate bottom, then the market will have an important and promising liquidity target above 4000.
Support levels: 2518, 2425, 2400
Resistance levels: 2717, 2817
The whales continue to buy the asset after a strong fall, despite the fact that the chart looks bearish, there are key prerequisites indicating that the big players are still bullish. The focus is on the key resistance at 2717. After Friday's test and pullback, the price is back to the level, which increases the chances of a breakout.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:ETHUSD ;)
Regards R. Linda!
#bajajfins weekly time frame Bajajfins is forming really good pattern. It's going up and down but u guys can see this time it has started consolidation at break out lvl. Look it good on daily time frame too as it is in supp on that time frame too which is good for short term and small targets. For big we have to wait patiently as finance sector is not doing even tho stocks are publishing good results too . One can add this in there watch book . It's not any buy/sell recommendations.
XRP doubts for long positionI am trying to create a plan for XRP. As far as I know, this cryptocurrency carries a high level of risk. However, the chart appears to be very bullish to me after a prolonged period of consolidation. My strategy is to wait for it to reach one of the current fair value gaps on either the 4-hour or daily timeframe, and then make a move. XRP has already formed a swing low, so I anticipate a new swing high to be reached soon. BINANCE:XRPUSDT
GOLD → What is the problem with a SYMMETRICAL TRIANGLE ► ?FX:XAUUSD is still trading inside the flat 2420 - 2370 forming a symmetrical triangle. Traders continue to struggle for the area of 2400. News ahead...
I understand that you don't like it when there is no clear direction on the chart, but there are nuances here and in some cases you need to have both bullish and bearish scenarios. Let's break it down...
On D1 there is a rather encouraging situation indicating how the bulls continue to hold the support of the global trend.
The issue of aggressive easing of the US Fed policy is still relevant. Likewise, speculators are closely watching developments around Iran's attack on Israel. If it happens, it is likely to give additional impetus to the growth of gold prices. Meanwhile, Initial Jobless Claims of the USA may provide short-term potential for the markets.
Technically, gold is forming a symmetrical triangle on H1. The bearish pressure is still present in the market. Gold is not technical now, but depends on fundamental nuances.
Resistance levels: 2400
Support levels: 2380
The problem with a symmetrical triangle is that no one knows where the price will go until the actual exit. Globally we have a bull market, locally there is pressure from the bears. There is a high probability of a breakout of the symmetrical triangle support and a decline to 2364-2351, but if the economic factor has a bullish effect on the market, gold may continue to test 2400 with the goal of a breakout and a rise to 2420.
Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;)
Regards R. Linda!
XRP → The court case is complete. Triangle Resistance Retest...↑BINANCE:XRPUSD is forming a rally from the intermediate bottom area. The reason for this is the end of the litigation between Ripple and SEC. The market has been laying a positive outcome for the past few weeks....
The SEC was demanding $2 billion dollars, but the court reduced their demand by 94%, admitting they lost!
This is a positive outcome for Ripple, the industry.
Ripple is only fined $125 million instead of $2 billion.
The rumors have been around for a while, but the market reacted quite positively, giving an initial boost of 27%
Technically, at the moment, all eyes are on the range 0.6378, 0.5663. Emphasis on the resistance breakout. If the bulls can overcome this boundary, it will be a confirmation of the price exit from the global descending triangle, which may affect the formation of a bullish trend, the promising targets of which may be 0.900, 1.300.
Resistance levels: 0.6378, 0.7440
Support levels: 0.5663, MA-50
Fundamentally and technically, everything is unfolding with favorable winds for the bulls. It opens the way to the north, but before that, the bulls need to try to overcome the strong resistance.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:XRPUSD ;)
Regards R. Linda!
CERA SANITARYWARE is At ALL TIME HIGH with Positive NumbersNSE:CERA
Established market position in the sanitaryware segment and diversified revenue profile: Cera has a track record of nearly three decades, strong brand image and a large retail network in the sanitaryware industry. It is one of the leading players in this segment, which has been one of the largest revenue contributors over the years, accounting for around 47% of turnover in fiscal 2024.
Over the past few years, Cera has been leveraging its strong market position in the domestic sanitaryware industry by venturing into related business segments, such as faucets, tiles and wellness and allied products, thus becoming a complete bathroom solutions provider. Successful diversification into related businesses has helped lower dependence on the sanitaryware business, besides improving the efficiency of the distribution network.
Intense competition and volatile demand from the real estate sector led to sluggish revenue growth in fiscal 2024. However, with improving demand prospects expected and demand from real estate to remain healthy with projects reaching completion over the next 2-3 years, revenue in the sanitaryware segment is likely to see healthy growth over the medium term. Sanitaryware, faucetware, tiles and other products accounted for 47%, 36%, 10% and 7%, respectively, of the company’s turnover in fiscal 2024. Also, the company has presence across various domestic markets in south, east, north and west, providing adequate geographical diversity.
Healthy financial risk profile: Networth was healthy at Rs 1,358 crore and gearing low at 0.02 time as on March 31, 2024. Debt protection metrics are expected to remain strong, in the absence of large, debt-funded capex and healthy operating performance. Cash accrual is expected at ~Rs 180-230 crore per annum and will comfortably fund the capex plans in fiscals 2025 and 2026 and incremental working capital requirement. Hence, reliance on debt is expected to be low, sustaining strong debt metrics over the medium term.
Company is almost debt free.
Company has been maintaining a healthy dividend payout of 31.4%.
ZERO DEBT COMPANY
Cash and Cash Equivalents
of Rs. 828 crore; primarily
liquid investments.
• No Contingent Liabilities for
Joint Ventures
POSITIVE FREE CASH FLOW EVERY YEAR
Consistent cash generation each year
• Annual Capex requirement < Free Cash flow
generation.
• Increasing gap between annual cash flow generation
less dividend outflow and capex.
• Regularly paid dividends for the last 30 years +
AGGRESSIVE FOCUS ON CAPEX
Fixed Asset turnover of ~5.6x.
• Uniform organization-wide policy to
monitor receivables – credit not used
to drive revenues.
• ERP automatically shuts down fresh
supplies to dealers / customers with
dues in excess of 45-60 days
Multilayered Marketing Infrastructure.
⚫ Enhances retail experiences, retailer owned
⚫ Currently 1,067 Cera Style Centre’s (CSC’s)
operational
⚫ Over 1,400 CSCs planned in the next 3-4 years
⚫ Minimum size of showroom ranges between 100 sq.
ft. - 500 sq. ft.
Multilayered Marketing Infrastructure
⚫ 11 CERA Style Studios (CSS): Ahmedabad / Mumbai /
Bengaluru / Kolkata / Cochin / Hyderabad / Trivendrum
/ Morbi / Kadi / Mohali & Lucknow (Upcoming)
⚫ Discerning customers including influencer's can touch
and feel products
⚫ No sales orientation / pressure
⚫ The average size these company owned showroom are
approx. 7,000 sq.ft.
⚫ With more than 14,000 sq.ft. of display, Hyderabad CSS is
the largest company showroom in this industry
HelenP. I Bitcoin can decline a little more and then rebound upHi folks today I'm prepared for you Bitcoin analytics. Some time ago price declined to resistance 1, which coincided with the resistance zone, and at once rebounded up to resistance 2. After this movement, it broke resistance 2, which coincided with one more resistance zone, and started to trades inside consolidation. In range, the price some time traded near resistance 2 and then in a short time rose to the top part of a consolidation, where later BTC reached the trend line and turned around. Then price started to decline between the trend line and firstly it fell lower resistance 2, thereby breaking this level and exiting from consolidation also. Next, BTC quickly declined to resistance 1, and broke it recently, after which continued to fall to 49K points. But a not long time ago it turned around and rose a little, so, for my mind, BTCUSDT will decline to 49K points again and then rebound up higher than the trend line. For this case, I set my goal at 55K points. If you like my analytics you may support me with your like/comment ❤️
BITCOIN NEXT MOVEMENTRelief pump to $60K++ (before CPI Reports on Aug 14), may continue until next FOMC in SEPTEMBERRRRR
BTC Is in the consolidation zone for 5-6 months!!!! maybe next FOMC will be a BIG trigger for a breakout in the consolidation zone !!!
one more.. this is not a regular sellof and very rare to have a structure like this weird ahh candle.
huh.
GOLD → Correction before the bullrun. Target 2500?FX:XAUUSD is strengthening and testing 2450. The price rise was influenced by Powell's comments on progressive deflation and a possible rate cut in September, as well as another conflict in the Middle East....
The Fed left the rate unchanged for the 8th time at 5.5%. The rate has remained unchanged since the summer of 2023 and is the highest in 20 years. There was considerable discussion of a rate cut at this meeting. A rate cut may be considered in September. In addition, the intensification of the conflict in the Middle East may turn into a full-fledged war, which generally increases the interest in gold.
Today is also a busy news day. Initial Jobless Claims, SP PMI, ISM are ahead. The data also plays an important role in shaping the medium-term strategy, so it is important to evaluate the actual results.
Resistance levels: 2437, 2450
Support levels: 2430, 2421
After a false breakdown of resistance, a correction is forming. Gold is bullish at the moment (trend, sentiment and interest), so the nearest strong support may become a reversal zone for further strengthening. The potential target is 2451 - 2474.
Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;)
Regards R. Linda!
BTC_[Monthly]_Consolidating at Resistance (Watch for Breakout)BTC Monthly Analysis:
Price is respecting a long-term trendline support
Ascending Parallel Channel formation can be observed
Price is consolidating at horizontal resistance zone
Bulls power is required to break the resistance zone
Watch Weekly, Daily, Hourly analysis for details.
GOLD → Bulls hold the defense. Retest of resistance...FX:XAUUSD is strengthening from 2370 and testing the resistance of the actual local trend. Dollar in range ahead of news...
Traders are waiting for Wednesday and the FOMC conference, where they may discuss atcual situation on inflation and monetary policy, as well as Fed Interest Rate Decision, where most likely the interest rate will remain at the same level, but may make a good hint on a soon decline....
Gold on D1 is consolidating above the support line, which generally determines the future prospects for us. Locally, the bulls hold the defense above 2370, forming further growth, within which they break the resistance of the local triangle, but the price is held back by the global descending channel. It is not excluded that the price may test 2377-2370 before further growth, but at the moment the focus is on the nearest resistance zone.
Support levels: 2377, 2370
Resistance levels: 2391, 2400
Fundamentally, everything is quite positive for gold. Technically, the price is in consolidation, as traders are not ready to take serious actions early. But, all the attention is on the resistance, if the bulls manage to break 2390 and consolidate above, we will have a good chance to continue the growth.
Rate, share your opinion and questions, let's discuss what's going on with ★GOLD ;)
Regards R. Linda!
Just bought someLooks how many times has tried to break the 45 level. Also has been consolidating for a long time. Now is sitting on the 42 level, not a very important support but could be enough to push another try and break out. I don't have a SL here, even is the 42 level is broken down there is another support at 35. I would buy more there. First target 53, then will see.
BITCOIN → Intend to test 74K but what's next? ↑BINANCE:BTCUSD is strengthening by 25% from the intermediate bottom and after retesting the support of the classic “FLAG” pattern. The fundamental and technical background is positive enough to consider further price growth
July 9 Idea: BITCOIN → Fear in the crowd is a bullish sign ↑ Flag and SFP
Fundamental Situation: the market is waiting for the launch of ETH-ETF on July 23, which could be another positive lever for the cryptocurrency market.
Trump, who has recently become a strong supporter of cryptocurrencies, is increasing his chances of re-election. If he wins, the market will take it very positively.
Well, and other local nuances: High-ranking politicians in the U.S. are reconsidering their views on bitcoin. SEC is also smoothly changing its position towards cryptocurrencies.
Technically, a classic bullish FLAG pattern is forming on d1. The nature of the range is consolidation. At the moment there is a high probability of retest of strong resistance 71700 or ATH retest, but only after the retest of these zones it will be possible to follow the formation of prerequisites for the breakout of global resistance 73800.
Resistance levels: 67250, 71750
Support levels: 63800, 59300
Technically, the price is now in the channel 67250 - 63800. The situation is favorable for resistance breakout, which will open a new way to the nearest resistance. Now we can't say about possible ATH renewal. It is necessary to keep watching how the price will approach the key boundaries of the range.
In the mid-term I consider a breakout of 67250 with further growth to 71700-73800.
Rate, share your opinion and questions, let's discuss what's going on with ★ BINANCE:BTCUSD ;)
Regards R. Linda!
USDJPY → Weak dollar + intervention = bearish trend ↓FX:USDJPY breaks the 157.7 zone after a small consolidation. Powell's comments about more progressive deflation favor the market, the dollar is falling on this background and the end is not seen yet...
Fundamentally, the weakening dollar and the ongoing interventions of the Central Bank of Japan have quite a strong impact on the exchange rate, but it is worth being careful. Previously, this market reaction was quickly bought out by traders who still have little faith in the continued strength of the JPY.
Technically, if the dollar continues to liquidate, such a strong fall could bring the currency pair down to global lows.
There is a strong liquidity zone ahead. Possible activation of orders in the risk zone, which may provoke a pullback before a further fall or a strong impulse, which without a pullback will knock out all market participants and the price will fly downward
Resistance levels: 157.18, 157.7
Support levels: 154.5, 151.86
At the moment everything is obvious, fundamental and technical nuances are telling about further decline. We should pay attention to the nearest zone of liquidity and price reaction.
Regards R. Linda!
