DAX: 22,000 € Target in Sight!Since our short scenario for the DAX was invalidated, we had to reanalyze and concluded that we are dealing with a very long and extremely bullish scenario, as it's the only other option we have left for the DAX. We assume that, on the weekly chart, we will reach a minimum level of 22,000€. This scenario is supported by a trend channel that we have now broken and exited upwards. Therefore, we expect to reach levels between 19,700 and 23,000 for Wave 3, which will only serve as a catalyst for even higher movements. As seen, we anticipate the overarching Wave (3) to reach levels between 25,400 and 31,400. There's still a lot of potential and room for upward movement, and given our invalidation, we will now be looking for long entries. As always mentioned, the economy increasingly reflects less of what happens in the markets, diverging more from economic activities, making it somewhat perplexing when considering Germany as a whole and the remarkable performance of the DAX.
Investment
GBPUSD#GBPUSD
The short context is strongly pronounced, and due to the bank holidays, a liquidity outflow is evident. I believe the target will be reached within tomorrow's session. Ideally, we'll see liquidity taken above before continuing with the short order flow. Invalidation of the scenario can be considered if the price closes above 1.26500.
#NIFTY Intraday Support and Resistance Levels -02/04/2024Nifty will be gap up opening in today's session. After opening nifty sustain above 22500 level and then possible upside rally up to 22620 level in today's session. in case nifty trades below 22440 level then the downside target can go up to the 22320 level.
"Fly Like There Is No Tomorrow Left" #ETCETC is currently forming an Adam&Eve formation.
According to Elliot Waves Theory, this is the road map for ETC.
If you are using Leverage on your trades, wait for it to close above 34 in daily time frame.
Use only 2X, accept the fee and hold until the wave 3's final rotation which is 69.
If you are buying products like an investor, you will have 2 options;
-Buy now and wait until first target (69)
-Or simply buy and hold until second target which is 95 (it will take months)
Remember that it's a long term time frame and it will not be achieved in a couple days (I hope it would).
All Targets Specified On The Chart.
Good Luck To Us All.
UBS Group (UBSG): A Golden Opportunity for Investors?UBS Group (UBSG): SIX:UBSG
Considering that Switzerland is one of the first European countries potentially associated with interest rate cuts, sectors across the board, including the banking sector and specifically UBS Group, become quite intriguing. We've had to adjust and modify our analysis due to a breakout to the upside, suggesting a further upward trend before concluding the overarching trend. Please pay close attention if you're following along. We posit that Wave 2 concluded at 13.87 CHF, placing us in Wave 3.
We anticipate the reemergence of subordinate Wave ((iv)), which, in this case, should find support between the 23.6% and 38.2% levels. Given that all previous Wave 4s in UBS Group's pattern have been short and swift, we expect a repetition of this pattern, suggesting no further significant drops. Should we indeed pivot at the 38.6% extension level of 28.55 CHF and begin to develop Wave ((v)), we will issue a limit order once we observe tangible weakness in the price action. If there's an additional climb, our zone will be accordingly adjusted upwards.
Short term Investment Idea | Infosys | 25% Upside Potential
Short term Investment Idea | NSE:INFY | 25% Upside Potential
✅ Buy Level - Rs 1485-1499
✅ SL - Rs 1431
✅ Target - Rs 1734 / Rs 1832
✅ Support on 200 DSMA
✅ Trading at the bottom of the parallel channel
✅ Completed Fibonacci Retracement of 38.2
Look at the chart for more information
Thanks
Thanks
BTC resumes the long-term trend, resistance at 73.7K!!
Following a two-week period characterized by intensive selling by retail investors and strategic accumulation by large holders and financial institutions, Bitcoin has resumed its long-term upward trend.
The flagship cryptocurrency closed the week with a candle surpassing the 66.9K threshold, corresponding to 78.6% of the Fibonacci level, paving the way for investors to seek new records in the BTC/USDT pair.
Observation of the daily chart reveals a sequence of three ascending candles, accompanied by an increase in transaction volume, exceeding the levels recorded over the weekend.
With the approach of the Easter holidays, which will shorten the trading week in traditional markets until Wednesday, a potential surge by BTC/USDT investors is anticipated to challenge the 73.7K level, marking a new all-time high (ATH).
This scenario could intensify if liquidations occur on the part of sellers, boosting the volume and allowing the price to explore unprecedented territories in its history.
THIS IS NOT INVESTMENT ADVICE NOR SHOULD IT BE TAKEN AS SUCH. EACH PERSON IS RESPONSIBLE FOR THEIR ACTIONS AS A TRADER, INVESTOR, ETC…
Study of PSU Bank Index/actions that can be taken by an investorFor last few weeks we have been looking at indices. By the study of a particular index we then try to determine about investing in components of that index or the stocks that from that particular index. In the series we will today have a look at PSU Bank Index.
PSU Banks and the index of PSU bank consisting of banks like Bank of Maharashtra, Canara Bank, CBI, Indian Bank, IOB, Punjab and Sind Bank, Punjab National Bank, SBI, UCO bank and Union Bank of India had a consistent run till the index reached a near channel top at 7418.75 from there it corrected about 11.5% and made a low of 6561(near channel bottom) recently.
After taking the support of 50 days EMA the index is seen to be rising again by giving 2 consistent Green candles to end the week. In the coming week if resistance of 6919 is broken by PSU Bank Index and we get a closing above 6920, there is a possibility of a proper 5 to 10% rally in the sector with resistance at 7092, 7265 and 7437. Consider 6574.15 as a support. If in case of a down turn due to local or global factors we get a closing below 6574 we might see a weakness in the sector.
The shadow of candles created this week looks positive for the upcoming week in this sector and RSI is also showing strength. In this we when we get indication of a sector becoming strong we should look at fundamental and technical strength of constituents of that particular sector and there is a possibility of making an investment pick from the same.
Thus using this model, you can try to determine tops of current rally or trend. You can reverse the process and try find of the probable bottom in case of downturn. Trend lines / Peaks / Valleys and Fibonacci levels will also give you probable supports and resistances in the path. You can become an expert by studying and drawing and reading charts every day. The more you practice the better accuracy you can achieve.
Disclaimer: Investment in stocks and mutual funds is subject to market risks, please consult your investment advisor before taking financial decisions. The data provided above is for the purpose of analysis and is purely educational in nature. The names of the stocks or index levels of spot Nifty mentioned in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
Bullish DXY Awaits U.S. Interest Rate DataThe U.S. Dollar Index (DXY) remains in bullish territory, with buyers maintaining control as investors eagerly await the release of U.S. interest rate data.
Context
The focus is squarely on the Federal Reserve (FED), and markets are hanging on any hints regarding the future of interest rates. While no rate changes are expected, analysts are alert for any signals indicating a slowdown in rate hikes.
Inflation Reports
Last week's stronger-than-expected inflation reports have led market participants to revise their expectations for rate cuts this year. Traders now estimate that monetary easing will be around 75 basis points over the course of the year.
Key Levels
At the time of writing, the DXY is trading at 104.08 points, marking the ninth consecutive daily gain since its March 8 low at 102.32. Key technical levels include:
1. Next Resistance (104.77): This level corresponds to the triangle pattern's upper boundary on the daily chart. A breakout above this level could open the door to further gains.
2. 38.2% Fibonacci Resistance (105.07): If the DXY manages to surpass this mark, it could strengthen its bullish position.
3. 50% Fibonacci Support (102): This level acts as a floor for DXY's price and could be crucial in case of corrections.
Note: The information provided in this article is for informational purposes only and does not constitute financial advice. Always consult a professional before making investment decisions.*
Bitcoin Hits New Highs on Strong Fundamentals and DemandLatest Report on Bitcoin and Crypto Market Developments
Our analysts have closely monitored the immense price action and developments driving performance in the cryptocurrency sector. This report aims to accurately outline relevant factors supporting Bitcoin's ongoing uptrend and the overall bullish sentiment across digital assets.
Bitcoin posted a series of new all-time highs versus several global currencies including the Japanese yen, Malaysian ringgit, and others, extending its dominance in cross-border value transfers. Flow data shows exchange inflows reaching November 2021 peaks, underlining robust demand.
Among recent announcements, Edward Snowden predicted a country will soon confirm purchasing Bitcoin to back reserves modernly without disclosure. Binance Labs funded a new staking protocol supporting network rewards fromBTC holdings.
In the US, Bitcoin ETFs witnessed record $680 million weekly inflows. The BVL exchange in Peru approved crypto ETFs while BlackRock prepares a similar launch in Brazil. South Korean regulators discuss potential approval moves.
Trend-defining analysis from Glassnode and Bitwise contends Bitcoin remains in a prolonged bull phase fueled by non-believers closing short positions. Transaction activity and exchange volumes reached November 2021 levels, exposing dwindling supply against persistent buying pressure.
MicroStrategy doubled down on its seven-figure BTC bet by signaling staying power. Executives from Blockstream and Bitwise forecast six-figure prices over coming years. Popular predictions cite $100,000 before halving events that could stimulate renewed fomo.
Technical metrics mirroring the last rally to near $70,000 reflect an ongoing positive cycle. Short squeezes inherently fuel upside breaks while traders betting against Bitcoin may exit en masse, unleashing buying waves. OTC desks face acute scarcity amid aggressive accumulation.
Macro considerations such as inflation hedging also strengthen the long-term investment thesis. ETF permission across emerging economies broadens accessibility. With persistent institutional capital flows and mainstream adoption tools, Bitcoin retains a constructive narrative despite volatility.
Our analysis concludes Bitcoin remains on an uptrend against a backdrop of widespread institutional adoption. Let us know if you require any expansion on specifics covered. We maintain a bullish outlook and will continue monitoring price components and on-chain activity closely for the next major move.
Porsche Automobil Holding (PAH3): On the Fast TrackPorsche (PAH3): XETR:PAH3
Our analysis of Porsche Automobil Holding focuses on the stock's price movement since the lows during the COVID-19 crisis at 28.48 EUR. Since then, Wave (1) in blue has expanded to 102 EUR, currently serving as a local high. Subsequently, a remarkably unusual and complex Wave (2) has been observed, which appears atypical at first glance. Upon closer examination, this phase is identified as a flat correction, which falls just above the 78% level, slightly insufficient for a regular flat. In Elliott Wave analysis, as well as in other analyses, it is sometimes necessary to stretch certain rules to reach a conclusion. Whether this is invalid or not is difficult to say at this point.
Currently, the stock suggests that Wave C in red has not yet been fully completed, as the extension of Wave (iii), as expected, took a corrective trend reversal at 41.48 EUR. If this is the case, we are currently witnessing the formation of Wave (iv), with the stock possibly falling one last time with Wave (v) before finally bidding farewell to the overarching Wave (2). The exact timing for this remains open and uncertain. However, as long as Wave 1 does not become invalid, a downward trend is expected for Porsche stock. Potential significant entry points for us could lie in a retest of the Wave (iii) area at 41.90 EUR or even lower. The exact coordinates are yet to be determined, but until then, we anticipate a declining price for Porsche stock.
Pepe: Bull Run Price Target ($0.000059)Overview
Pepe is one of those speculative assets that I treat like a first date. I go in with the hopes that it could be an absolute winner but my expectations are that it will be a bust. Because of this I couldn't invest too heavily in the up and coming meme coin but I could invest just enough that if I lost it, I wouldn't be bothered. But if it becomes a winner then my insignificant investment just became a significant gain.
Let's crunch price targets. There's not many technical indicators that I feel are reliable enough to go off of so I am solely using Fibonacci retracement levels and theoretical market caps. As the anticipated crypto bull run begins to warm up, it's a good practice to begin setting price targets so that when the market cools again all of those gains don't get flushed down the drain. With any bull run, especially in the crypto market, it's not a matter of IF but WHEN the rally will end.
At a token price of $0.000011375 the market cap would be a measly $4.7B which is practically nothing to an established cryptocurrency. This price level reflects the 2.618 Fibonacci retracement level. Further climbs would need to be supported by significant volume but let's continue forward as if those requirements have been met.
At a market cap of $25B, the Pepe token value would be $0.000059 which is a whopping 1,375% gain. In crypto, this isn't unheard of. While I'd like to keep running numbers with growing market caps, I don't want to feed into FOMO which is extremely present during rallies so I will leave the cap at a $25B ceiling. This means that a theoretical investment of $100 at today's value ($0.0000040) would be worth $1,475 if Pepe can maintain its steam to the $25B market cap.
As I said before, I treat Pepe like a first date. I don't invest too much into it but just enough that I maintain the opportunity of being pleasantly surprised.
Short Term Swing TradePark Hotels is a newly listed stock, and it had given breakout from its all time high, it has also come down to retest breakout level.
Volumes look good and if anyone is looking for a short term swing trade then this scrip can get you quick money.
Levels are mentioned in the chart, trade as per your risk and always take stop loss on closing basis.
JSW INFRA - SHORT TERM & LONG TERM SEEMS GOODCan enter at CMP 224
If falls again you need to average at 200 level
Targets - 245,280+
Disclaimer - All information on this page is for educational purposes only,
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The 9 Rules of Successful Investors The world of investing can be a daunting place, especially for beginners . With so many factors to consider and the potential for significant losses, it can be difficult to know where to start. However, there are a few basic rules that all successful investors follow. By following these rules, you can increase your chances of success and avoid costly mistakes.
1. Be prepared to lose money.
This is the first and most important rule of investing. No matter how much research you do or how experienced you are, there is always the possibility of losing money. This is why it is important to only invest money that you can afford to lose.
2. Calculate your risk before opening a trade, not during.
Before you open any trade, you should always calculate your risk. This means determining how much money you are willing to lose on the trade. You should also set a stop-loss order to automatically close the trade if it reaches a certain price level.
3. Be in a cold state of mind (without the influence of emotions).
Emotions can be a major enemy of successful investing. When you are trading, it is important to stay calm and rational. Do not let your emotions get the best of you, as this can lead to making bad decisions.
4. Open positions only in the direction of the trend.
One of the best ways to increase your chances of success in trading is to trade in the direction of the trend. This means identifying the overall trend of the market and then trading in line with that trend.
5. Keep a trading journal with a detailed description of each trade.
A trading journal is a great way to track your progress and identify areas where you can improve. In your trading journal, you should record details of each trade, such as the date, time, entry price, exit price, and profit or loss.
6. Regularly analyze your trades.
Once you have a few trades under your belt, it is important to take some time to analyze them. This will help you identify what you are doing right and what you need to improve on.
7. Constantly improve yourself.
The world of trading is constantly evolving, so it is important to keep up with the latest trends and strategies. There are many resources available to help you learn more about trading, such as books, websites, and courses.
8. Give yourself time to rest from trading.
Trading can be a stressful activity, so it is important to give yourself time to rest and recharge. Taking breaks from trading will help you stay focused and avoid making emotional decisions.
9. Profit is only what you have taken and have in your pocket (conditionally), not what the open P&L in the position shows, because it is floating and not fixed profit.
This is a reminder that profit is not real until you have taken it out of the market. Do not get too attached to your profits, as they can quickly disappear if the market moves against you.
Additional Tips for Successful Investing
In addition to the 9 rules listed above, there are a few other things you can do to increase your chances of success as an investor:
Do your research. Before you invest in any asset, it is important to do your research and understand the risks involved. This includes understanding the asset's fundamentals, as well as the overall market conditions.
Diversify your portfolio. Don't put all your eggs in one basket. By diversifying your portfolio, you can reduce your risk and increase your chances of success.
Invest for the long term. The stock market is volatile in the short term, but it has historically trended upwards over the long term.
By investing for the long term, you can ride out the short-term fluctuations and maximize your returns.
Don't panic sell. When the market takes a downturn, it is important to stay calm and avoid panic selling. Selling when the market is down will only lock in your losses. Instead, focus on the long term and ride out the storm.
By following these tips, you can increase your chances of success as an investor. However, it is important to remember that there is no guarantee of success. Even the best investors in the world lose money sometimes. The key is to learn from your mistakes and keep moving forward.
BINANCE:LTCUSDT | +500% Profit potential in the bull run On 1W chart LTC is consolidating in the support zone and this consolidation is good for the next trend of the LTC in the bull market.
This is a good place to buy some LTC and hold for the long period and sell it during the upcoming bull run
Allocate only small portion of your overall investment portfolio for this. Preferrably less than 0.5%
Regards,
VectorAlgo
BLOCKBUSTER Listed Hike Of 181.50 %Vibhor Steel Tubes IPO GMP or grey market premium is +140. Its similar to previous three sessions, risen sharply from Friday's +120. This indicates Vibhor Steel Tubes share price were trading at a premium of ₹140 in the grey market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in the grey market, Vibhor Steel Tubes IPO expected listing price was ₹291 apiece, which is 92.72% higher than the IPO price of ₹151.
Based on last 14 sessions grey market activities, today IPO GMP points upwards and expects a strong listing. The lowest GMP is ₹110, while the highest GMP is ₹140, as per investorgain.com analysts.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Firepower abounds for Japanese equitiesJapanese equities ended 2023 on a high note. Japan’s post pandemic re-opening, accommodative monetary stance, high equity risk premiums and improving corporate governance reforms were important tailwinds for Japanese equities in 2023.
Over the last 12 months Japan has benefited from global investor inflows who are diversifying their investments in Asia, with geopolitical tensions and sluggish growth causing a rotation from China to Japan. There are several catalysts in place to fuel Japan’s equity market rally:
Increasing capex & higher wage growth
Revamping the Nippon Individual Savings Account (NISA)
Corporate Japan’s ongoing reform initiatives
Capex outlook bolstered by manufacturers
The end of deflation is a catalyst unique to Japan. The Bank of Japan’s (BOJ) December Tankan survey indicates manufacturers will continue to boost capex in fiscal 2024 to prepare for the next growth cycle. Manufacturers plan to increase capex in fiscal 2024 by 14.6%2. Higher cash holdings for Japanese corporates and labour shortages are important incentives to invest in automation over the long run. Japan is at a demographic crossroads. The employment conditions diffusion index (DI) highlights Japan’s labour shortage to be the worst in 30 years3. To compensate, companies will need to invest in improving productivity.
Demographics driving wage inflation
At the same time, waning labour supply owing to an aging population is likely to bring back wage growth. The spring wage growth negotiations in 2023 drove wages up by 3.6%4 (the highest level in 30 years) and 2024 could see a further rise. Demand continues to increase in healthcare and social welfare owing to increasing domestic demand. Strong wage growth remains the key to the sustainability of inflation and inflation is likely to influence investors choice of asset allocations. As long as Japanese equities continue to benefit from inflation, we believe it would be natural for funds to increasingly flow into Japanese equities.
Japan’s savings to investment drive
Japan is transforming into an asset management led nation under the leadership of Prime Minister Kishida. In an effort to unlock nearly US$14Trn of household financial assets tied up in cash deposits, Japanese leaders are embarking upon reforms, like the introduction of 401(k)s in the US back in the 1970s. This is being done with the introduction of a revised Nippon Individual Savings Account “NISA” program offering tax benefits and portability. Starting in 2024 maximum investment amounts allowed under NISA have been increased and investors can enjoy the system’s tax benefits permanently.
Japan’s wave of reform
Corporate Japan’s ongoing reform initiatives, which include the Tokyo Stock Exchange’s (TSE) March 2023 announcement dubbed the “Price to Book (PBR) Guideline”, discussed here had a strong impact on companies. This was evident from the immediate rise in payout ratios following the announcements. By the end of January, the TSE plans to provide a list of companies that have either disclosed capital efficiency measures or have such measures under consideration. There is a strong likelihood that companies ‘under consideration’ could surprise on the upside with capital return announcements in the upcoming results season.
Japan’s wave of reform
Corporate Japan’s ongoing reform initiatives, which include the Tokyo Stock Exchange’s (TSE) March 2023 announcement dubbed the “Price to Book (PBR) Guideline”, discussed here had a strong impact on companies. This was evident from the immediate rise in payout ratios following the announcements. By the end of January, the TSE plans to provide a list of companies that have either disclosed capital efficiency measures or have such measures under consideration. There is a strong likelihood that companies ‘under consideration’ could surprise on the upside with capital return announcements in the upcoming results season.
Japan continues to deliver strong earnings results
Japan’s economy has continued to recover, and we expect the economy to withstand the modest slowdown in global growth. Japanese equities are testing 34-year highs in 2024, bolstered by 2Q FY3/24 earnings results. Net income for Japanese equities came in 6.2% ahead of consensus, with beats concentrated in domestic-oriented sectors including utilities & food/household products5. Corporate reforms had a significant impact on chemicals and auto parts sectors. Japan’s earnings revision breadth remains in positive territory in contrast to earnings trends in China and Europe. Positive earnings revisions alongside a structural trend to rising return on equity (ROE) is supporting Japan’s equity outperformance versus the rest of the world.
Monetary policy likely to stay on hold until Q2
An important concern in 2024 remains the path of monetary policy by the BOJ, its impact on the yen and the repercussions for Japanese equities. Governor Ueda told Prime Minister Kishida that the Bank will monitor the strength of domestic demand, taking into consideration whether higher wages push services prices higher and the 2024 wage outlook. Recent inflation data continues to slow, as the prior high import costs work through the system amidst soft domestic demand. We expect the BOJ to exit negative interest rates in Q2, taking into consideration the spring wage negotiations. The yen may appreciate in H2 2024, on narrowing US-Japan interest rate spreads. A stronger yen could renew concerns over a possible negative effect on Japanese corporate earnings. However, a strong yen may not be too much of a hindrance to Japanese equities, with the market set on the theme of further vitality in the economy with rising wages and improving capex.
Sources
1 Factset, WisdomTree as of 31 December 2023
2 Bank of Japan, 13 December 2023
3 Bloomberg as of 31 December 2023
4 Japanese Trade Union Confederation (Rengo)
5 IBES, Factset, MSCI Japan
This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.
Dishtv , paisa double pick?Dishtv on a verge of breakout on a monthly timeframe at a good stage offering a good risk reward ratio
Only for risky traders and not for a investor
Risky traders can buy for 2x
For a cautious and a low risk low risk investor here is the detail thread
Buy range 20 to 25
Sl at 15
Tgt 35 50 80
Buy qty for low risk investor
Buy qty 400 shares
Investment amount 10,000
Sl at 15
Risk : 4,000
Potential gain as per tgt 4000, 10,000 & 10k +
Ask your financial advisor before buying only for educational purposes
Found Channel Breakout in YESBANK on Weekly ChartPoints To Remember :
-Channel Breakout Confirmed.
-Crossover Of 50 and 200 DMA Confirms Trend Change.
-Consolidation/Retest Required Before Entry.
Feel free to message me personally to enquire about any technical analysis of any particular stock.
Thank you