MAZDOCK Breaks Downtrend Channel After Securing Major OrderMazagon Dock Shipbuilders Ltd (NSE: MAZDOCK) has shown a strong price action today, breaking out of the downward trend channel after securing a significant order worth ₹1.22 billion from Maharashtra State Power Generation. This news has spurred bullish sentiment, driving the stock up by +4.55% to ₹4,472.40.
Technical Insights:
Downtrend Channel Breakout: The stock has successfully broken out of the descending channel that has been intact since early July, signaling a potential reversal of the downtrend.
Key Support Levels: The stock bounced from a strong support level at ₹4,248.30, which held firm despite recent downward pressure.
Resistance Levels : Immediate resistance lies at ₹4,714.40, where the stock previously faced selling pressure in late September. A breakout above this level could push the stock towards ₹5,147.20 and then ₹5,555.05.
Volume and Momentum: The recent price surge is accompanied by increased volume, suggesting that the bullish move is supported by strong buying interest. RSI is moving upward, currently near 60, indicating room for further upward movement before overbought levels are reached.
Fundamental Catalysts : The order from Maharashtra State Power Generation strengthens Mazagon Dock’s business outlook, providing long-term revenue visibility and boosting investor confidence.
Outlook: If the stock manages to sustain above ₹4,248.30, it could see further upside in the short-to-medium term, targeting the next resistance at ₹4,714.40 and beyond. However, a failure to hold above this breakout level may see the price retest support around ₹4,000.
Emacrossover
[COAL] This what happened last time when we had weekly EMA crossThis is weekly ICEEUR:NCF1! chart. The EMA is crossing & MACD is flirting with the base line, trying to enter bull zone. If simply looking at history, last time we had this setup was in 2021. Look at how similar the EMA & MACD setup back then & see what happens next.
Bullish for COAL & coal miners.
Fundamental & Technical analysis on USDZAR shorts Fundamental : Open Interest on the South African Rand is increasing which is a Bearish signal/confluence. Commercial (Hedgers) Short positions are also increasing which for Exotic pairs like USDZAR means they are covering their Longs and add yet another Bearish confluence. Non-Commercial is also increasing its Long positions which is once again Bearish since you have too see it from a 180 degree view point.
COT Report : cot-reports.com
Technical : On the Technical Analysis side of things we have the 5 EMA crossing down the 20 EMA at the same time that Momentum is negative and the Stochastic %K line is underneath the 50% line
Stop Loss & Take Profits : To determine my Stop Loss and Take Profits I use a Fib Retracement drawn from a recent significant Low to a recent High. My strategy uses the 0.236 Fib LVL as the Stop Loss, for this trade that means 18.51172 on the chart is my Stop. Take Profit #1 is at Fib LVL 1.272, Take Profit #2 is at Fib LVL 1.414, Take Profit #3 is at Fib LVL 1.618, Take Profit #4 is at Fib LVL 2, Take Profit #5 is at Fib LVL 2.272, and my final Take Profit which is #6 is at Fib LVL 2.618.
WFC - Wells Fargo ABOVE 200SMA & 200EMANYSE:WFC crossed both 200EMA and 200SMA.
ROC and RSI are confirming the direction of the price.
However, DMI+ is still below DMI-, DMI- couldn't keep the strength to keep the negative direction and so it's losing strength with ADX changing direction close to DMI+. With the DMI+ already crossing DMI- in the 4hours time.
Volume it's increasing together with the price, highlighting the increase in demand
Sumitomo Chem India Ltd: Weekly Breakout with Strong Buy Signal!📊 Sumitomo Chemical India Ltd - Technical View
🔍 Weekly Timeframe:
Resistance Trendline Breakout 🚀
Big Bullish Green Candle with volume 📈
📈 Indicators:
MACD: Buy Signal ✅
Oscillators: Buy Signal ✅
💵 CMP : 608
📉 Key Levels:
Stoploss: 570
Target : 1:3
Trail your Stoploss for the target of 1:3
Target 1: 630
Target 2: 660
Target 3: 700
Disclaimer : "Please do not base your trades solely on the ideas mentioned above. Conduct your own research before making any trading decisions. We are not responsible for any financial losses that may result from applying this study or from taking any early entry or exit in trades."
#StockMarket #TechnicalAnalysis #Breakout #Bullish #SumitomoChemical #Trading
SPY regains but still in bearish zoneSPY bounces back after Friday sell off, still inside downward trend
comparing against 1h and 2h timeframe we see that ema remains below sma for both
This also holds true for RSI between 1 and 2h. RSI remains remains below sma
stock remains inside the downward trend after bounce back
SPY still shows signs of bearishness and more selling to come. Not looking like we are out of the woods yet.
New Features For Dynamic Pivot Levels - Percentage indicatorIn our latest update, we’ve packed in some exciting new features and enhancements that will elevate your analysis experience to the next level:
Exciting New Features: We’ve added additional Exponential Moving Averages (EMAs), allowing you to track five different EMAs tailored to your needs. But that’s not all – we’ve introduced smiley indicators that give you instant feedback on whether the price is above or below the moving average. Now you can analyze with a clean, clutter-free chart!
Fibonacci Level Enhancements: We’ve upgraded the logic behind Fibonacci levels to give you more accurate insights. The improved Fibonacci calculations provide a clearer, more precise visual representation, helping you make better-informed decisions.
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This update doesn’t just bring new capabilities – it makes the tool more accessible and user-friendly than ever. It’s your key to staying focused on precision analysis, without the distractions!
Fundamental & Technical Analysis on USDCAD Short Fundamental : The COT Report for Canadian Dollar is showing a increase in Open Interest (OI) which is a Bearish sign. Commercial (Hedgers) Long positions are increasing at the same time OI is increasing which means they are covering their Longs and is also considered Bearish. Non-Commercial Short positions are increasing as well adding to the Bearish sentiment.
COT Report: cot-reports.com
Technical : We have the 5 EMA crossing down the 20 EMA while price action is underneath both, Momentum is negative, and the %K line is underneath the 50% line.
Targets/Stop Loss : I'm using a Fib retracement from a recent Low to a High to determine my Take Profits and Stop Loss. My Stop Loss is at the 0.236 Fib LVL which is $1.38783 on the chart. At every TP I take half of my position off, for TP #1 I'm aiming for the 1.272Fib LVL which is $1.35778 on the chart, TP #2 is the 1.414Fib LVL which is $1.35366 on the chart, and the TP #3 is at the 1.618Fib LVL which is $1.34774. TP #4 is at the 2Fib LVL, TP #5 is at 2.272Fib LVL, and TP #6 is the final one which is at 2.618Fib LVL.
BDL - BREAKOUTBharat Dynamics is a Government of India Enterprise. It is engaged in the manufacturing of guided missiles and allied defence equipments.
FUNDAMENTAL
- Company is debt free
- 1 year return : 200 %
- 5 year return : 900 %
- Company is generating wealth
- Free cash flow 10Y : 2300 cr
TECHNICAL
- After 1 month of staying in a range and a few attempts of breakout, the stock is finally breaking out towards new highs.
- RSI is 70 on daily which may be slightly overbought but if can be bought for a swing trade ( 3 - 5 trading days )
- Trading above 21 and 50 EMA - Bullish
- MACD attempting to cross over.
Overall for swing trade : BULLISH
For Investment : Wait for pullback as RSI on monthly TF is 90 which is highly overbought.
Place a SL
If you missed your entry, wait for a pullback and enter at the retest zone or when crosses the high of the pullback.
Happy Trading:)
Fundamental & Technical analysis on USOILMay 20th 2024
Fundamental: Were seeing a up tick in Non-comm Long and Short positions being held. Shorts are increasing at a faster pace. The Net positions is positive and holding steady.
Commercial (Hedgers) short positions is increasing significantly quicker then Longs, Net position is negative and decreasing/holding.
Technical: I'm expecting to see consolidation for the coming week/s between 78-81 with price action making a lower high causing a fake EMA cross over to the upside and setting its self up for more down side.
Entry Criteria: For me to consider a entry i have to keep seeing Short positions increase for both Non-comm and Comm in the coming weeks as well as Non-comm Longs decreasing. Ideally for Price action i want to see USOIL consolidate then make a lower high before its leg down (BLUE), there's the possibility it makes the lower high without consolidating (RED) but I do need to see the 5 EMA cross down the 20 EMA while Momentum is negative and the Stochastic is crossing down 50%
More upside possible on XAGUSD, Fundamental & Technical AnalysisFundamental: The past two months we've been seeing consistent growth in long positions, short positions on the other hand haven't been experiencing the same consistency with the amount lowering. The Net Position is positive and has been growing consistently the past two months. Open Interest is positive and growing in the sentiment, Total OI has been growing consistently for the past two month but we've seen a drop with the last report.
COT Report: cot-reports.com
Technical: On the daily time frame we're trading above the EMAs while at the time having the 5 EMA cross up the 20 EMA. Momentum is positive while at the same time having the stochastic pointing up and going over the 50% mark
Target/Stop: I'm targeting the highs with a Stop under the lows.
Fundamental & Technical Analysis on XAUUSD Fundamental: Gold has seen the amount of long positions grow these past two months and be able to sustain that grow in a range from 560K-285K+, Short Positions have been maintaining about the same roughly staying in the range from 80K-66K. Open Interest is leaning bullish with growth this past month but for the past two month we see some ups and downs followed by what looks to be possible consistency looking ahead.
COT report: cot-reports.com
Technical: On the Daily time frame were getting Price to trade above the EMAs while at the same time the 5 EMA is crossing up the 20 EMA. The Stochastic is pointing toward the sky working towards braking the 50% level, Momentum is also positive
Target/Stop: My target will be around the most Significant high, Stop underneath the lows when my idea becomes invalid
Fundamental & Technical Analysis on NDQ100Fundamental : COT report shows a rise in shorts positions continuing the past 3-4 week while simultaneously showing a decrease in longs positions held the past 4 weeks. Net positions also show a large change from 7.8K down to 535, a -88.71% change. Open interest is split between both longs and shorts with neither showing an advantage, over all OI has decreased a little
COT Report : cot-reports.com
Technical : From a technical prospective price action is underneath the EMAs, were getting the 3 EMA cross down the 10 EMA while Momentum is negative, and the Stochastic is underneath 50%
TP/SL : Target around recent lows with a stop above highs
Future AUDUSD selloff very possible Fundamentals : The RBA (Reserve Bank of Australia) kept interest rates at a 12-year high of 4.35%. The COT (Commitment of Traders) Non-Commercial Report for AUDUSD showed a larger number of participants holding shorts over longs but we’ve had about 15k shorts close their positions since the last COT report so there is that going against the bearish sentiment. Net position overall is still negative but it had a positive change of 13k or 13.51% which also goes against the bearish sentiment. % OI for longs is 18.40% while the % OI for shorts is 55.5%, Open Interest being 224.5k which is -14k lower then last weeks reports
Technicals : We get the 3-EMA crossing-over the 10-EMA to the downside while price action is possibly staying underneath both EMAs. Stochastic is facing down while crossing the 50% mark and the Momentum is negative.
Stop loss above the top trend line, Targeting prominent recent Lows.
XPTUSD has cross-over and shows short opportunity XPTUSD has broken its bottom trendline with a 3 EMA crossing over the 10 EMA to the downside. At the same time we're getting the EMAs crossing over the Stochastic is heading down and crossing over the 50% mark giving three confluences to look for shorts
Ill be targeting a 1% move down underneath a support i have drawn out on the 4H chart
EURUSD potential upside move EURUSD is setting its self up in the same way US30 is, they’ve both seen consolidation after a sell off.
Technical : EURUSD is having its 3 EMA cross over its 10 EMA to the upside while at the same time the Stochastic is crossing the 50-80% mark to the upside as well. Price action has also tested the Top trendline, possibly setting up for a break out. Waiting for candle closes is going to be KEY to confirm a crossover on the stochastic and EMAs
US30 Pushing UpUS30 has been in a area of consolidation for the past week and a half after having a large sell off for the previous two weeks.
Technical : On US30 we're seeing the 3 EMA cross the 10 EMA upwards while at the same time the Stochastic is pointing up while crossing the 50%-80% mark. Price action is also making its way to the upper Trendline which has 3 previous touches, possibly setting up for a break out. It is KEY to wait for the candle to close when getting a cross over of the EMAs and Stochastic because its always possible that it just bounces instead of completing the cross over.
More downside for XPTUSD (Platinum)XTPUSD has been rallying ever since it broke out of its two week sell off a couple days ago but there are now signs showing that the upward momentum could be coming to a end.
Technical : The 3 EMA is crossing over the 10 EMA to the downside while at the same time the Stochastic is crossing the 50% mark to the downside as well. These Bearish confluences are happening while we are nearing the bottom Trendline, making a breakdown higher probability. Target a 1-1.5% move down from your entry/break
EMA cross over + Break of trendline and Stochastic heading downThe 3 EMA and the 10 EMA have crossed over one another heading down while at the same time price action on XAUUSD is trying to break the bottom Trendline. Stochastic is also making its way past the 50% mark and is heading downwards.
Target a 0.5-1% down from the break of the trendline or from your entry point.
KASPA (KAS/USDT) Soars to New HeightsTechnical Analysis:
KASPA (KAS/USDT) has emerged as a remarkable player in the cryptocurrency landscape, exhibiting sustained growth and resilience. The recent patterns observed in its charts underscore both its potential and the keen interest of investors.
1. Fair Value Gap (FVG) and Price Rebound:
KASPA's journey through the market has recently brought it to an important Fair Value Gap (FVG) area. This FVG, often seen as a critical juncture in price action, was met with a robust response as the price rebounded from it. This rebound is not just a random fluctuation but a strong indicator of underlying market confidence and investor interest.
2. Daily Exponential Moving Average (EMA) Cross:
Coinciding with the rebound from the FVG, a daily EMA cross has been confirmed. This is a significant technical event, as Daily EMA crosses are often used to identify potential trend reversals or confirmations. In KASPA's case, this Daily EMA cross suggests a strengthening of the bullish trend, adding more credibility to the ongoing upward movement.
3. Breaching the All-Time High (ATH):
Adding to the bullish sentiment, KASPA has, for the first time, broken past its All-Time High (ATH). This breach is not just a milestone but also a testament to the growing trust and optimism among investors regarding KASPA's future.
Fibonacci Extension Targets:
Utilizing the Fibonacci extension tool, we can project potential future price targets for KASPA. The calculated targets are as follows:
First Target @1.618 Fibonacci Level: 0.324933
Second Target @2.618 Fibonacci Level: 0.467368
Third Target @3.618 Fibonacci Level: 0.612101
Fourth Target @4.236 Fibonacci Level: 0.699502
These targets provide a roadmap for where KASPA's price could head next, assuming the continuation of the current trend and market dynamics.
Fundamentals Analysis:
In the last 30 days, KASPA has not only made waves in the technical charts but also strengthened its fundamental position.
Recent Developments and Partnerships:
KASPA has recently announced several key partnerships, further integrating its technology into broader applications. These partnerships, focusing on areas like decentralized finance (DeFi) and non-fungible tokens (NFTs), are crucial for expanding KASPA's ecosystem and increasing its utility.
Community and Developer Engagement:
The project has seen a surge in community involvement and developer activity. The introduction of new tools and platforms for developers, along with community-driven initiatives, has fostered a more robust and active ecosystem. This increase in engagement is a positive sign, indicating a growing and dedicated user base.
Regulatory Compliance and Security Measures:
KASPA has also been proactive in ensuring regulatory compliance, a key factor in sustaining long-term growth. The team has taken steps to adhere to evolving global regulations, enhancing investor confidence. Additionally, security measures have been strengthened to protect against potential threats and vulnerabilities.
Market Sentiment and Investor Interest:
The overall market sentiment towards KASPA remains positive. Increasing investor interest, as evidenced by social media activity and cryptocurrency forums, suggests a bullish outlook. This sentiment is bolstered by KASPA's consistent performance and strategic initiatives aimed at long-term growth.
In conclusion, KASPA's technical and fundamental analysis paints a picture of a cryptocurrency with strong potential, backed by a robust ecosystem and growing investor confidence. The synergy of technical strengths and solid fundamentals positions KASPA favorably for future growth. However, as with any investment, market dynamics and external factors could influence its trajectory.
Avalanche(AVAX): Waiting For Breakdown! We are monitoring AVAX coin here after seeing a nice rejection take place.
Long story short, we are looking for a breakdown of that 100EMA zone, which is also acting as a smaller support zone for now.
Upon breaking this zone, we might see a nice fall of almost 35% take place, so definitely keep an eye on this one!
Swallow Team