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S&P 500 Daily Chart Analysis For Week of Nov 8, 2024Technical Analysis and Outlook: During the current trading session, the S&P 500 index has exhibited significant strength by successfully filling the projected gap, as detailed in the S&P 500 Daily Chart Analysis dated November 1. This upward movement has facilitated a substantial rebound, as the index has retested both the Outer Index Rally level of 5861 and the Key Resistance level of 5865. Furthermore, the index has completed the Outer Index Rally threshold 6000, suggesting a promising potential for additional increases toward Outer Index Rallies at 6123, 6233, and 6418. Nevertheless, it is essential to recognize that achieving the Outer Index Rally 6000 level may prompt a downward price movement towards the Mean Support level of 5929 before progressing into the subsequent phase of the bullish trend
SP:SPX
by TradeSelecter
SWING IDEA - BAJAJ FINSERV Bajaj Finserv , a prominent player in financial services, presents a compelling swing trade setup. Reasons are listed below : Symmetrical Triangle Breakout and Retest : The price has recently broken out of a symmetrical triangle pattern and successfully retested, signaling a strong support level. Consolidation Break : A significant 3+ year consolidation phase has been broken, indicating potential for a sustained upward move. 0.618 Fibonacci Support : The price is holding above this key Fibonacci level, suggesting strong buyer interest at current levels. EMA Support on Weekly : Trading above the 50 and 200 EMAs on the weekly timeframe reinforces the bullish sentiment and strengthens support levels. Target - 1900 // 2030 // 2200 Stoploss - weekly close below 1635 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:BAJAJFINSVLong
by Visionary_Growth_Insights
INVESTMENT IDEA - BAJAJ FINANCE Bajaj Finance , a major financial services provider in India, showcases a promising investment setup supported by both technical and fundamental strengths. Technical Reasons : Trend Line Support: The stock is holding above a long-term trend line, indicating resilience and potential for an upward move. Intact Trend: Continuous higher highs and higher lows signal that the bullish trend remains intact. Doji and Inside Candle Pattern on Weekly: This pattern suggests a possible reversal or continuation, highlighting a period of consolidation with potential for breakout. Fundamental Reasons : Record Revenue and Net Profit: Both metrics are at all-time highs, underscoring the company's financial strength. Attractive Valuation: With a current 10-year PE ratio of 27.9, Bajaj Finance trades below its 10-year median PE of 45.4, suggesting it is undervalued relative to historical standards. Solid Growth and Returns: The company boasts a 24% compounded sales growth rate, an ROCE of 11.9%, and an ROE of 22.1%, reflecting effective utilization of capital and profitability. These combined factors make Bajaj Finance an attractive long-term investment option, with technical support for entry and solid fundamentals for sustained growth potential.
NSE:BAJFINANCELong
by Visionary_Growth_Insights
EUR/USD Daily Chart Analysis For Week of Nov 8, 2024Technical Analysis and Outlook: The Eurodollar has resumed its downward trend with notable intensity, completing an inner currency dip at 1.075 and stopping just short of the critical support level at 1.068. It is anticipated that the Euro will continue its decline, potentially retesting the completed Inner Currency Dip at 1.060 and reaching the next significant target of 1.054. While this downward movement is of considerable importance, it may also instigate a rebound, guiding prices back to the newly established resistance level at 1.080.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 8, 2024Technical Analysis and Outlook: According to the analysis of the Bitcoin daily chart for November 1, the "Interim Rebound" in Bitcoin has effectively concluded its second stage. This stage occupies the mid-zone of the rally's rebound extension, with the primary target being the Inner Coin Rally mark at 78,500. This movement corresponds with the Outer Coin Rally 81000 and the Main Outer Coin Rally 92000, as projected by TSS in their long-term bullish forecast. However, a potential pullback is anticipated to fulfil the Reignited and Primary rebound criteria.
BITSTAMP:BTCUSD
by TradeSelecter
How to PREDICT MARKETS! Tops and BottomsIn this video, I go over the following in great detail: Predicting Markets with Williams %R, RSI, and MACD Predicting market movements can be challenging, but combining the Williams %R, Relative Strength Index (RSI), and Moving Average Convergence/Divergence (MACD) indicators can provide powerful insights for traders. Williams %R measures the current closing price relative to the high-low range over a specific period, helping identify overbought or oversold conditions. RSI gauges the speed and change of price movements, also indicating overbought or oversold levels. MACD analyzes the relationship between two moving averages of a security's price, identifying potential buy or sell signals. By using these three indicators together, traders can: Confirm Trends: When all three indicators align, it strengthens the signal for a potential trend continuation or reversal. Identify Entry and Exit Points: Overbought or oversold signals from these indicators can help pinpoint optimal entry and exit points. Reduce False Signals: Combining multiple indicators can help filter out false signals, increasing the reliability of predictions.
AMEX:SPYEducation
by RonnieV29
Shorting Bitcoin at $105,000 would be an exciting play!Hello Padawans, This chart shows a Bitcoin (BTC) price analysis with several Fibonacci retracement levels marked. Here are the key points in the image: 1. Price Levels and Fibonacci Extensions: - Key Fibonacci levels are drawn across the chart, including 0.236, 0.382, 0.5, 0.618, 0.786, and several extension levels (such as 1.618 and 2.618). - The 2.618 level, shown in red at around 104,827, represents a significant Fibonacci extension point, possibly indicating a strong resistance level for Bitcoin. 2. Price Action: - The Bitcoin price is currently at 75,050, as shown by the green label in the middle right of the chart. - The highest recent level on this chart is around 76,420, suggesting it might be a recent high or resistance level. 3. Volume Indicator: - A volume bar is visible at the bottom of the chart, indicating the trading activity, with recent volume levels shown around 30.106K. 4. Potential Resistance Levels: - There are several dashed lines indicating possible resistance levels, such as 82,800 and 87,216, with 104,827 being a significant upper target. This chart likely represents an analysis of potential retracement or resistance zones for a Bitcoin short or long setup around these key levels, with the 104,827 area being a focal point for a potential short opportunity if reached. Enjoy!
Short
by CryptoObi
Bitcoin - Pullback Strategy in Long-Term Investing Two long-term patterns can be seen in the chart The first pattern, which is relatively short-term, is the flag pattern (correction with green lines). We calculated the trade of this investment based on pattern trading And the larger pattern that may take a few years is highlighted in purple What are these signals based on? The trend line is clearly visible in the RSI The price shows the failure of all Resistances (All-Time-High ATH ) There are only Support zones on the chart and trading psychology Classical Technical Analysis Price Action Candlesticks Fibonacci RSI Moving Average We hope it is useful BINANCE:BTCUSDT Bitcoin BTCUSDT (Weekly) Pullback Strategy in Long-Term Investing ⬆️Buy now or Buy on 67200.0 ⭕️SL @ 57000.0 🔵TP1 @ 97000.0 🔵TP2 @ 130000.0 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
Long
by pullbacksignal
3
SHOPIFY: The next Retail Stock to Take Flight! NYSE:SHOP 🚀 SHOPIFY: The Next Retail Stock to Take Flight! 100% MOVE INBOUND! 🚀 Share this so all retail investors are prepared before earnings next Tuesday! In this video, we’ll cover: 1️⃣ Fundamental Analysis: A deep dive into Shopify using my Valuation Analyzer. 2️⃣ Massive 3-Year Cup N Handle Pattern: What this means for $SHOP. 3️⃣ High Five Setup: How Shopify meets my proven trading strategy. You’ve seen NYSE:PLTR at ATHs, and NASDAQ:SOFI , NYSE:HIMS , and NASDAQ:TSLA pushing higher. We’re already in these trades, but staying ahead of the curve and finding the next big opportunity is key. Shopify is that next big opportunity IMO. We’re among the first to the party, and it’s not crowded… YET. My Mission: I aim to build a community that empowers traders to find their path and thrive. But I need your help to make this happen. Here’s What You Can Do: Share this post and the FREE video analysis I’ll release after the market closes on this company like wildfire. Let’s hit 1k friends and grow this community together! BUCKLE UP! IT'S A BANGER! 🎆 LIKE IT! ♥️ SHARE IT! 🔁 JOIN US! 📈 BOOKMARK IT! You are amazing, and I love you all! 🫶
NYSE:SHOPLong
by RonnieV29
2
NVDA Topping PatternUnlike the previous call, I made in NVDA that was corrective. This double-top pattern is signaling a reversal pattern. From a trading perspective, this is a great risk/reward setup that is relatively simple. A CRACK! here will likely lead to at least the right side filling, with the potential deeper pullback (reversal) If on the other hand, it pops above recent highs then no trade or an easy stop out. As you all know I don't do targets, I think they are silly and only used to pretend one has such insight not only can they call the move but also a "target" too. Yeah well, I'll leave that to the "experts" ;) Bulls don't be a dick for tick. Shorts take some early profits to improve cost basis but let this one ride!
NASDAQ:NVDAShort
by RealMacro
3
S&P 500 Daily Chart Analysis For Week of Nov 1, 2024Technical Analysis and Outlook: During the current trading session, the S&P 500 index exhibited considerable weakness by completing the Inner Index Dip at 5733, in conjunction with the Mean Support level of 5798, while leaving the gap by not reaching the secondary Mean Support level of 5700. This development of fulfilling the gap will likely stimulate a significant rebound toward the Mean Resistance level of 5775, with the possibility of further extension. The 5700 support level is critical for facilitating a primary recovery and advancing into the subsequent phase of the bullish trend. However, it is imperative to acknowledge that achieving and penetrating the 5700 level could instigate a downward spiral in price action to Mean Sup 5620.
SP:SPX
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Nov 1, 2024Technical Analysis and Outlook: According to the analysis of the Bitcoin Daily Chart for October 25, the "Interim Rebound" in Bitcoin has successfully concluded the Main Inner Coin Rally at 73300. It has subsequently retraced to the support level of 69400. This level represents the inverse of the previously completed Inner Coin Rally at 69400. We anticipate initiating a primary rebound, which is expected to support a recovery that will retest the Key Resistance at 73200. This movement will align with the completion of the Main Inner Coin Rally at 73300 and may lead to further progression into the next phase of the bullish trend, designated as the Next Inner Coin Rally at 78500 and beyond. Conversely, we project a potential additional pullback to satisfy the criteria of the newly established Inner Coin Dip at 66200.
BITSTAMP:BTCUSD
by TradeSelecter
TASI: HISTORICAL ANALYSIS WITH A LONG TERM STRATEGIC PLANHistorical data analysis of TASI, since its beginning in 1985, shows a peculiar pattern wherein trading TASI for only 6 months in a year for 10 consecutive years yields higher or similar returns compared to buy & hold strategy during the same period. So a profitable strategic trading plan can be made with following Key highlights: 50% capital exposure to the market: trading will be carried out only 6 months out of 12 months. Higher or similar returns when compared to buy & hold strategy for the duration of plan (10 consecutive years). Back testing results since 1985 have shown increase in returns with the rate of 8.8%, 16% & 43%. Returns for the last trading plan (2014-2024) have exceeded 100%: the capital in 2014 would have doubled in 2024 using the strategy. A balanced strategy incorporating the best of both ‘trading’ and ‘investing’ worlds. No worries about daily price action or getting out of trade due to stop loss, while also having the leisure and cash-in-hand for half of the year. A long term plan: 10 consecutive years but only 6 months in each year will be traded. If you like to access the trading plan in full details (with back testing proof in pdf & excel workbook), please reach out to me at: umairx88@gmail.com. Bear in mind that the month of November is not only included in the plan rather it is one of the crucial months of the plan.
TADAWUL:TASI
by Umair88
1
Apple(AAPL): Down 7% – Is This the Opportunity We’ve Waited For?Apple’s stock has experienced a 7% decline over the past 10 days. What’s behind this drop? The fall came despite Apple slightly beating analysts’ expectations for the September quarter, driven mainly by a rebound in iPhone sales. During the fourth-quarter earnings call, CEO Tim Cook discussed positive developments in China but declined to speculate on economic stimulus impacts, noting stable year-over-year performance, partially aided by favorable foreign exchange rates. From a technical analysis perspective, everything is lining up perfectly. Our limit order remains unchanged. The formation of an exact double top points to the possibility of a flat pattern, which typically leads to a double bottom. This anticipated double bottom would align with the volume profile’s range high, offering additional support to key Fibonacci levels. Our stop-loss placement is secure, positioned below the support zone and the Point of Control (POC). We’ve set a time horizon for the wave ((ii)) to complete, and we believe this setup could result in a promising swing long position heading into Q1 or Q2 of 2025. If the chart develops as we hope, there may even be an opportunity to open a short position to hedge our long exposure. Until then, we’re prepared for another potential 12% drop, waiting patiently to execute our plan.
NASDAQ:AAPLLong
by freeguy_by_wmc
3
GOOGL Strong Move Post-Earnings. My AnalysisHey, guys. Not going to go into too much detail on the description here. Just wanted to get my thoughts out there on NASDAQ:GOOGL . Certainly seems to have a strong long term trend here. As always, in long term trends, there could be various counter trend moves so always be prepared in that regard. Hopefully this offers some more insight for you as you think about NASDAQ:GOOGL from an investment perspective, or even a trading perspective. Even if you are looking for short term trades in GOOGL, I find it helpful to know how your trade might fit in to the longer term trend (whether to the downside or upside). Hope you enjoy the review, and best of luck out there!
NYSE:MODGLong
by redykhouse
Diwali Pick Upto 500% Upside:HDFCBANK Could Skyrocket in 5Years!Case study: NSE:HDFCBANK |Time frame: Analysis done on a 3Month time frame |Investment term: Long term (5 Years) Targets 5100 - 10000 HDFC Bank, one of India’s largest private sector banks, has experienced a three-year consolidation phase after a stellar 20-year uptrend 📉📈. This phase followed its merger with Housing Development Finance Corporation (HDFC) in July 2023, leading to a temporary growth slowdown and re-evaluation of financial metrics. Despite this, the bank has showcased solid financial performance 💪. FY 2020-21 • Net Profit: ₹16,624 crore • Total Deposits: ₹13,14,000 crore • NIM (Net Interest Margin): 4.0% FY 2021-22 • Net Profit: ₹18,258 crore (+9.8%) 🆙 • Total Deposits: ₹14,80,000 crore (+12.6%) 🆙 • NIM: 4.1% FY 2022-23 • Net Profit: ₹19,034 crore (+4.2%) 🆙 • Total Deposits: ₹16,34,000 crore (+10.4%) 🆙 • NIM: 4.1% The consolidation phase shows significant above-average volumes over the last 3 years as shown on the chart which might indicate accumulation (buying) , indicating strong investor interest and potential future movements. This period is expected to last another 1-2 years as HDFC Bank integrates post-merger operations and aims to restore key financial metrics. Committed to profitable growth, the bank focuses on improving return on equity (ROE) and NIM (Net Interest Margin) 🚀. Investors considering HDFC Bank may see potential benefits, as the stock could offer a 200-500% upside over the next 5 years 📈. With robust financials, consistent profit growth, and a strong market position, HDFC Bank is poised for long-term gains 🌟. Patience with this investment may yield significant rewards 💰 . ✨🎆 Happy Diwali! 🎇✨ May your portfolio be as bright as the Diwali lights and your investments as sweet as the festival treats. Here's to growing wealth and sparkling returns! 📈💰 Have an awesome and prosperous Diwali! 🪔✨ Disclaimer: All ideas are my personal views and not financial advise. I do not have any Telegram channel nor do I sell any courses. References: HDFC Bank share price: HDFC Bank sees period of consolidation as it absorbs mega merger - The Economic Times hdfcbank.com/content/bbp/repositories/723fb80a-2dde-42a3-9793-7ae1be57c87f/?path=%2FFooter%2FAbout+Us%2FInvestor+Relation%2Fannual+reports%2Fpdf%2FHDFC-Bank-IAR-FY22-21-6-22.pdf&form=MG0AV3
NSE:HDFCBANKLong
by Numan_SuriyaMohammed
ROBINHOOD TO $70?! Let's break it down.NASDAQ:HOOD TO $70?! Let's break it down. 5 REASONS WHY: 1⃣ 4/5 ON THE "High Five Setup" trade strategy 2⃣ Strong fundamentals and AMAZING Sentiment 3⃣ The forming of a CUP N HANDLE pattern. Measure Move: $70 4⃣ Growth Beast! Newer generations are on board! 5⃣ Continue to grow their products and offer great deals for people to switch. Like the HOOD week, which had up to 3% match. They got me to move because the deal was too good to pass up! Stay tuned for more!🔔 Like ❤️ Follow 🤳 Share 🔂 When does NASDAQ:HOOD get to $70 per share?! Drop a comment below. Not financial advice. #tradingstrategy #TradingTips
NASDAQ:HOODLong
by RonnieV29
4
S&P 500 Daily Chart Analysis For Week of Oct 25, 2024Technical Analysis and Outlook: During this week's trading session, the S&P 500 index exhibited notable weakness by falling below the Mean Support level of 5818 and subsequently establishing a new Mean Support at 5798. This development will likely prompt a decline toward the Inner Index Dip at 5733, with a potential extension to Mean Support at 5700. This support level is critical for enabling a primary recovery and advancing into the next phase of the bullish trend. Furthermore, it is essential to recognize that achieving levels of 5833 and 5700 may result in a rapid upward price reaction.
SP:SPX
by TradeSelecter
5
EUR/USD Daily Chart Analysis For Week of Oct 25, 2024Technical Analysis and Outlook: The Eurodollar has experienced persistent bearish sentiment during this week's trading session, demonstrating insufficient strength to initiate any interim rebound. The prevailing selling pressure has lowered the Eurodollar to our Mean Support level of 1.079. A temporary rebound led to the reversal of the previously established Inner Currency Dip at 1.083, which currently stands as Mean Res 1.083 and might serve as the Interim Rebound's first stage. The Euro appears poised for further decline, potentially reaching the inner currency dip of 1.075, which remains notably significant and triggers second stage Interin Rebound to Mean Sup 1.078.
by TradeSelecter