AUS200 – 7632.8 in our sightsWhile the AUS200 revisits the all-time highs set in Aug 2021, the index absorbs a positive mix of sentiment towards global risk, as well as local factors, and many question if this time around we see the illustrious bullish break the bulls are positioned for. While global macro issues remain paramount, one catalyst to look towards is ASX200 1H24 earnings, with Amcor kicking the season into gear (6 Feb) and JBH (due 12 Feb) one that CFD traders will be keen to focus on. CSL (13 Feb) and CBA (14 Feb) report shortly after and both could influence sentiment with their outlooks. The Aussie banks are driving the market from an index points perspective, with materials also finding form. Importantly, we see the ASX200 bank index is flying high at present and until we see the bullish tape in the banks give way, index volatility will remain subdued, and traders will be skewed to buy weakness in the Aussie equity index.
Equity
ASHOK LEYLAND | SHORT TERM INVESTMENT Entry Level - 160₹
SL - 130₹
Targets - 190,210,230+
Wait For Entry level
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SWING IDEA - NYKAA (FSN E-COMMERCE VENTURES)This study involves a meticulous examination of historical price patterns, chart formations, and key technical indicators that collectively point towards an opportune moment for investors in NYKAA .
Reasons are stated below :
The 155 levels underwent multiple tests before the price eventually broke through. Currently, the price is in the process of retesting those levels.
50EMA and 200EMA support on daily timeframe.
Doji candle on weekly timeframe.
0.382 Fibonacci support.
Broke strong consolidation of 1year.
Target - 194 // 224 // 247
StopLoss - Daily close below 153
CANO While Cano Health Inc may be facing challenges, it's crucial to focus on the potential for recovery and growth. Use setbacks as stepping stones to success. The future holds opportunities for Cano Health to adapt and thrive in the ever-evolving healthcare landscape. Consider the current stock price under $3 as a potential entry point, but always conduct thorough research before making investment decisions. Remember, in adversity lies the opportunity for transformation and success. Keep a positive mindset and stay informed about the company's strategic initiatives for a brighter future.
Long Term Correlation Chart [20-30 Years View]This is comparing between the super trend of the S&P 500 (Cash) index and the US 10 year bond yields.
Previously, for a good 35 years, bond yields and equities shared a strong positive correlation. (1951 to 1986)
Then correlation swung the other way and for the next 37 years, we started seeing negative correlation. Falling yields with equities continuing the advancement.
Question is.. What happens now for the next 30-35 years?
Equity Line SwipeUP_TC 18/12/2023Good morning everyone. Like every month, I publish my Equity Line updated to 12/18/2023.
Since my last Equity line, I have had three Trades, one winning and two losing.
I am very sorry to have lost USDSGD and GBPUSD. I believed it, but it didn't go well.
My strategy provides, as explained in my old Equity Line, a risk/return of 1:4, where 1 corresponds to €500 and 4 corresponds to €2000.
Cordially,
Andrea Russo.
INFY 1H SYMMETRICAL FORMS TRIANGLE PATTERNINFY 1hour chart forms a Symmetrical triangle pattern more support in bottom trend line.
keep this stock in watchlist breakout will happen within 1 or 2 month.
Monitor this stock for both EQUITY and F&O trades.
My view in this stock is go LONG..
TARGET 1 ---> 1650
TARGET 2 ---> 1800
Equity Line SwipeUP 20/11/2023Hi Guys, thanks for being here.
Today I want to publish my "Equity Line", updated to 11/20/2023, with all the operations carried out on Trading View and therefore all documentable.
This Equity Line briefly explains my investment methodology. Of course many of you will disagree, but I'm here to share my methodology.
I started with a "Capital to Invest" of €5000. This capital is a fixed sum that will allow me to calculate 10%, which I will need to invest in every operation I carry out.
So at this moment, having that sum as "Capital to Invest", in each of my investments I will risk €500 to have, in 90% of cases (never less), a risk/return set at 1:4.
I have shown in the graph my last 4 investments of November, all published in advance in my profile.
I will publish a new EquityLine updated every month or with every operation, I haven't decided this yet.
If you like, follow me for more updates.
Cordially,
Andrea Russo.
SCARED?!?! SPY LOOKS VERY BEARIS HERE!SPY has reached the range highs and has shown signs of weakness not being able to breakthrough the highs. It has been rejected and is now at a vital dynamic support. If this break (which i think it will), a move to the golden pocket (orange lines) could follow.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Are we rushing into the possible next Big Short?Is S&P 500 about to “CRASH”?
Are we rushing into the possible next Big Short?
So the S&P 500 futures contracts are depreciating in value, yes. Yet we foresaw this series of events. Has it been a rapid decline?
No.
The Price Action and structure continues sound.
There is no sign yet of panic or rapid selling signaling the Risk Off scenario all are predicting.
Do I expect further downside? Yes
I will go into my reasoning
1. DXY following a Bullish structure. Currently consolidating in a Bullish Flag pattern that could give us a break out of this pattern with a Higher High soon.
1. With a Bullish Dollar we can expect Bearish Equities.
Lets break ES pice action from top down.
- Monthly
- ES offered a Lower Low from June 23 Lows. But I am looking at the Monthly with caution since the month of October is not over yet.
- Weekly
- ES made its third down leg and yet it was unable to create a Lower Low in comparison to the week of October 2nd 23.
- The down closed weekly candle of last week looks strong enough to take out this low on momentum alone.
- So it is possible we will see 4235.5 before any other move.
-
- Daily
- On the Daily we see the last 4 Bearish days in a row, it can be assumed that the Bearish momentum along could carry price further down to establish a new Lower Low on this Bearish trend which will be at 4235.50
- I also like the potential of 4218.75
In conclusion. I do expect to see further downside but I would like to remind all that this will be the last week of October and to top that we are getting very close to establishing a new Lower Low on this Trend.
What does that mean?
Well we have had and extended leg down on this trend throughout the month of October. I would expect a retracement after a new Low is stablished with a subsequent bounce to settle a possible Lower High on this trend.
To accompany this thought it is the end of the Month and expecting a bit of retracemnt from the Monthly direction is healthy.
If you look at the Daily chart you will notice a gap between Thursday Oct 19,23
And Friday oct 20, 23. I am expecting price to target this Gap once the lows are stablished.
Still always follow price it will never steer you wrong.
SPY $400-$410 Support LevelNo need to overthink this one. Pretty clear trend line on a linear chart. Why linear? Cause we aren't looking at multiples in price change, logarithmic wouldn't be best used here, and I have seen many charts showing false trend lines with a log chart.
Logarithmic scales are useful when the data you are displaying is much less or much more than the rest of the data or when the percentage differences between values are important. This is not the case, we are only looking at price change from 2020-2023.
$400-$410 is a strong support level which I expect to hold, or at least bounce off of. However, this does not mean I expect the SP500 to break to new highs. Ultimately, I cannot predict whether we crash or break to new highs, but I would lean to lower lows. So be cautious here.
I plan to open some cheap $420-$430 November calls under $410.
Stocks went from pump to dump, what's in store?#stocks went from basing & curling higher to topping and rolling over.
DJ:DJI had 5 green candle days. It turned to 3 red days.
TVC:NDQ bounced nicely but it reversed the hardest and FAST.
CBOE:SPX is in between both indices,
CBOE:VIX had a GOOD day.
WARNING!!! The more it hangs around here the MORE DANGER equities are in.
Have a great week!!!
GVK POWER & INFRA | BEST PENNY STOCK TO NOWEntry Price - 9₹
SL - 4.5₹
Targets - 20,27,40,53,90+
In this channel, I share my expertise in trading strategies, technical analysis, and market trends to help you make informed decisions in your trading ventures.
Stay tuned for daily updates, in-depth market analyses, and real-time trading scenarios to witness firsthand how we transform from Zero to Hero in the trading world. My Only aim is to empower you with the knowledge and skills necessary to navigate the complexities of the financial markets successfully.
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Request your support and engagement by liking and commenting & follow to provide encouragement
HAPPY TRADING 👍