Investment
ABFRLHello, my dear friends and fellow traders. What we are going to look at today is the ABFRL stock.
This analysis is based on weekly chart. This stock gains support level and breaks the previous resistance level and makes all-time high. There are opportunities to go upside because this support level has been carried the price once again to all-time high
Thanks & regards,
Alpha Trading Station
Disclaimer: This view is for educational purpose only & any stock mentioned here should not be taken as a trading/investing advice. We may or may not have position in the stocks mentioned here. Please consult your financial advisor before investing. Because Price is the "King of Market".
Link in "bullish" mantra.Hello again, I do not forgot on Chainlink fans.
I will update this chart. It's good to have some Defi king in future bag.
Especially, when its CEO is one of few really suspicious as Bitcoin founder ( Satoshi ) ;- )
However Link is still in pure downtrend with some higher lows and highs.
potentially aiming to 382 Fibo in my mind, where would be bottom at the support of this channel.
Like Bitcoins, we should see some pivot ( maybe higher ) first. But without any guarantees.
This time, I like to focus on my target, as far it seems the same with BTC, ETH , etc...
I just can't find any imporatant high crypto margets above are at the moment...
I will believe later, when Chainlink hits 3 Dollar teritorry.
It is , how it is and would change in near future.
Always with care and ready,
Emvo.
*This is not any financial advice.
Fundamental and Trend following approchMAHABANK showed excellent quarterly results (As posted by company quarterly results)
Earning growth (QoQ) is +37.5%
Revenue growth (QoQ) is +10.47 (Proportional to net profit)
By technical analysis SMA day 200 is Below SMA day 150 and SMA day 50 is below price, which is a very excellent condition to buy the stock.
Considering fundamentals and technical analysis (Trend following) this stock (MAHABANK) is sure to turn into a multi bagger stock (by holding long term).
Dollar chart beyond of any walls.To print, or to not print?
That's the question to resolve, if you want to succeed in different markets.
Many investors & traders focus onto indicators, bands or some chart structures like Harmonic patterns, economy overviews, data and personal opinions.
Everything what would help is useful. Especially at shorter time frames.
When I am looking from my view after decade, I see how markets are more/like about the Dollar, world reserve currency.
This is shaping SP500, Technology stocks, precious metals and also Crypto currencies, with usually limited supplies ( that better ones ).
They told about CBDC and crash of money. I agree, it will come quite soon.
To me in my mind, they will make some changes in digital behind that nobody will notice and that is reason USD will here.
You can monitor MACD, RSI or some others. However, It will gives you just an overview about the state of markets and can trick you into bull/bear traps or bad decisions from other people ideas.
Game of coincidence probably started yet. Yourtubes told you " there is magical support, which will hold forever.
Maybe you noticed even multiple times, how indicators are all to late and often in conflict in any major trend. Can stay overbought/oversold for long time and so on...
I can also confirm markets are often behaves irrationally.
Currency should also be pronounced like " Current sea".
So more you will speculate and look into fundamentals/events, probably more money will be spent on leverage, transactions and fees, which only dives yourself deeper into this local sea,
when only few will see some fair results of success ; )
So well, here I made my simple chart with targets to the future.
I know, it won't end up perfect and I even do not expect it to be 100%.
To be fair, I never tried to give any signals or disappoint people.
Always with care and ready,
Emvo.
*This is not any financial advice.
#Nifty50 Wave Analysis Nifty EV view suggesting small bullish momentum in this time in chart
@17800 a very good support i didn't think the market would break that easily,,,,,,,,,,
And charts and sentiments are also showing bullish
Wave B nearing end,,, my analysis says this time nifty will be ready to touch 18500 level
Wave C ????????????
Theoretical imagination.Nice day.
Here I prepared classic bars on 4 hours with some brand new edits.
Something, that probably should not play out very exactly.
However, this is how my personal image really looks in my mind with according to my own market overview...
There is high around 20500 Dollars, which I mentioned in my previous TA and - corresponding with higher high, MA and also important red ring.
It would act as heavy short sellers point to watch, so I extracting ~40% Bear flag from previous bars, as I awaiting.
If I have to speak about bottom, this would be it.
When everyone longs, I am trying to find contrary options in this extreme economic avalanche.
Never go with herd. World isn't sure place as we know. Rather nothing, than buy everywhere.
That's how I am looking into risk assets after years. And it works.
Always with care and ready,
Emvo.
*This is not any financial advice.
I am sitting ready on my alert.Nice weekend to everyone.
This time, I will post major channels with Fib Circles on price line chart.
It is simple so you can easily read and monitor.
It is based on my previous chart.
Bitcoins are in downtrend until breaks and hold above red circle ( about 20500 usd ).
Green circle is support dragged until Spring. Lows was made on it in November 2022.
Another touch would lead to my buy zone.
Everything depends on how long it takes to get above or below, and nobody knows.
To me it's more likely to the downside.
New lows are only 9% below, so I will sit ready on my alert ( 11-14k ).
That's, were DCA just starting.
Yours Emvo.
*This is not any financial advice.
Dividend king. Investment idea.I really like this stock. I'm holding hundreds since several months ago for the dividends and is a cheap stock (Yield 9.58%-$3.54 a year). This is the perfect time to buy and hold forever. Here is the strategy that I do, is very simple. Just buy at least 100 stocks, and keep buying on a drop 100 more and so on depends on your risk tolerance and cash available. Every time the stock is about to drop, write one or more cover calls depending how may are you holding.
Real case holding 100 stocks:
Dividend payout (every quarter): $3.54*100/4 = $88.5 this is what you get paid every quarter for holding 100 stocks
The stock was trading at $40 a few weeks back, that is a strong resistance and I thought it wasn't going to break it at the first attempt so I just wrote a cover call that expired in two weeks and strike price $40 for $70. The price dropped, it couldn't break the resistance, the two weeks passed and the cover call expired and I made $70 for each cover call. If I would have written a cover call that expired in a month I would have made $120. And now the stock is turning back up, I'm buying 100 more this upcoming week, I'm still holding all of them and getting my dividends paid each quarters. So just by holding 100 stocks and writing cover calls each time is about to correct for a year you can make more than $500 ($354 in dividends and the rest in cover calls approx.).
Hope it helps.
Bank nifty prediction for weekly expiry target 43450+++
Bank nifty prediction for weekly expiry
Condition -1️⃣Gap up
If the bank nifty open 150 to 250 point up side.. then wait for a small correction and go for long on dip
Condition -2️⃣ Flat
If bank nifty opened flat around @43000 near then go for 43500+ directly long with 42800 Stop loss
Key Factors
h&s format on 30m chart
RSI <40
sentiment bullish