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EaseMyTrip : Difficult Trip ahead?- EMT has been one of our star investments right from its IPO in March 2021. - After giving 400% returns, It seems to have settled down in a comfortable range for almost 16 months now - Yes, It is in the news for acquiring new companies and opening franchise stores. But, the latest news of the promoter selling his stake was a weak hand move. The holding went from 75% to 71% approx. - Once a company has rallied so much, It becomes important to justify the pricing i.e. through a good EPS. The company struggles here as the PE stands at about 50. At its All time high, it was as high as 90. - Also, the stock is trading at 18.2 times its book value. - Technically, It has been consolidating. Lately, It broke the consolidation on the downside and is now testing the support ultimatum for the third time in the last 4 months. The resistance trendline too is a strong acting resistance. - A break of the support ultimatum may open doors for a downward momentum. What you do think will happen? Have Insights or Questions? Let us know in the comments below.👇 While you do that, how about a boost for some motivation🚀 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:EASEMYTRIP
by TheChartereds
1
HCL: To break or not to break? ️‍🩹Here are some pointers for HCL: - HCL recently broke its range and the final resistance trendline. - The breakout was quite close to a resistance zone. A bearish engulfing prompted selling, but retest and continuation potential remains. - A retest candle with a long lower wick signifies bullish sentiment. Notice the price sustained over the trendline. - Your support means a lot to us. Do consider boosting this Idea. - A Sustained close above the resistance zone can pave the way for HCL's upward movement. - Also, the Indian IT sector is approaching its critical resistance for the third time. (link in the comment section) Caution: When the bull runs, everything seems Green. Being cautious always pays well. Remember, you will be buying the top. Don't let the analysis end here! Boost, comment, and follow for more such insightful posts. ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:HCLTECHLong
by TheChartereds
BTC is forming flag for another dip?Heyyy traders! Here are some thoughts on Bitcoin: As we can see, it seems like we are forming a bearish flag 🥵. Additionally, the volumes are diverging, meaning they are falling while the price is growing. Another confirmation for a dip is that we didn’t see a buyer's reaction from the important level around 0.618, and the movement is really weak. So, most likely, we can touch the zones of the previous support around 51k or even lower, around 48-49k. What's your thoughts guys?
BINANCE:BTCUSDShort
by SheTradesHub
XAUUSD reserves increased ahead of today's CPI💵GOLD PRICE AND ECONOMIC INFORMATION Gold rose near $2,375 per ounce on Thursday, rising for the third straight session, as investors await US CPI data due later today to seek cues on the Federal Reserve's timing and depth of interest rate cuts. The annual CPI inflation is expected to ease from 3.3% to 3.1% in June, while the core CPI is anticipated to remain unchanged at 3.4%. 🔴SELL GOLD: 2390 - 2400, SL: 2404 🟢BUY GOLD: 2340 - 2338, SL: 2334 ⛔️Breakout: top border 2387 - 2390 - 2403 - below 2370 - 2365 - 2355 🔼Support: 2365 -2355 - 2350 - 2340 - 2335 🔽Resistance: 2387 - 2395 - 2400 - 2410 - 2414 GOOD LUCK EVERYONE👍
OANDA:XAUUSD
by Scalper_Ananda
Bitcoin at a Critical Level: What Investors Need to KnowBitcoin ( BITSTAMP:BTCUSD ) is currently at a crucial juncture. The 3-month chart suggests that if Bitcoin drops below the $50,000 level before moving above $70,000, we could see further downside, potentially to the $40,000 - $35,000 range. Election Impact This potential scenario might coincide with the upcoming election, which could have a significant impact on market sentiment and liquidity. Political events often introduce volatility and uncertainty, affecting investor confidence and market stability. Investment and Trading Strategy For investors, a potential dip to the $40,000 - $35,000 range presents a buying opportunity. However, traders should consider hedging their positions to profit in case of further declines. This approach can help manage risks and take advantage of market fluctuations. Long-term Outlook Over the next 6 to 8 months, these market dynamics could lead to increased buy-side liquidity and higher prices. This period of stabilization might create a more favorable environment for Bitcoin and other cryptocurrencies. Conclusion While the short-term may bring challenges, particularly due to the election, the long-term outlook remains positive. Investors and traders should prepare for potential short-term declines but remain optimistic about increased liquidity and higher market prices in the future.
BITSTAMP:BTCUSD
by moneymagnateash
PVR has reached its cheapest price ever PVR has fulfilled his overvalued price. 40% reduced from all time high and this is too much cheap in nature. DO SIP or invest doesn't matter, do whatever you want Fair value has come and we may invest now . 1st target will be around 18% and 2nd one is 28%. ENTRY PRICE 1340 TARGET 1 1590 (18%) TAEGET 2 1720 (28%) BACKUP PLAN if you will have some profits in your hand you should CREATE TRAILING GTT order to breakeven or COST TO COST entry price. don't be so greedy. see you soon
NSE:PVRINOXLong
by GaganParida
Rajratan reached its fair market value. Buy now Hi guys. Rajratan came to fullfill his overvalued price DEVIATION. This is cheapest price ever but if market goes further down you may average buy dip to make profit further. ENTRY PRICE - 560-450 AVERAGE PRICE - 300-200 TARGET 1 - 800. Either book 50% profit here TARGET 2 - 980 Then you may book 80% now BACKUP PLAN - If you have some profits in your hand. Set GTT ORDER SL TO BREAKEVEN POINTS, EXIT IN COST TO COST PRICE VALUATION.
NSE:RAJRATANLong
by GaganParida
Dell (DELL): Analyzing Recent Trends and Future ExpectationsDell Technologies has experienced a remarkable rise of approximately 440% within a span of about one and a half years. However, this impressive ascent has been marked by a bearish divergence at the current top. The RSI has been forming lower tops while the price chart has been forming higher tops, indicating weakening momentum. Current Situation: Trend Channel: Dell shot above the trend channel, but quickly corrected downwards with a significant gap down, losing around 12% in a single day. Support Level: The price found support within the trend channel, likely marking Wave A. Expectations: Wave B and C : We anticipate the formation of Wave B followed by Wave C, potentially moving into the open gap area. Although part of the gap between $94.44 and $104 has already been tagged, there is still some remaining that could be fully closed. Critical Levels: It is crucial for the $80 level to hold. A break below this level could lead to further declines towards the $68 or even $60 range. Key Points to Monitor: Bearish Divergence: The bearish divergence on the RSI suggests potential further downside. Gap Fill: Watch for a potential move to fill the remaining gap. Support at $80: Maintaining support at $80 is critical to prevent deeper declines.
NYSE:DELLLong
by freeguy_by_wmc
Broadcom (AVGO): Set for a New High or Due for a Pullback?Since the COVID-19 low in March 2020 at $155, Broadcom has seen an incredible surge, similar to Nvidia's performance. The stock has skyrocketed by an astounding 840% since that low. This massive run-up makes the analysis challenging, but we've identified the Wave (1) and Wave (2) structures of this upward movement. The internal wave structure is not clear, making it difficult to analyze further. Broadcom has had only one sideways range between $780 and $922. Otherwise, the stock has been moving parabolically upwards. A significant trendline, initially touched at Wave (1), has been broken five or six times, with the seventh touch holding as support. Given the upcoming earnings report, we believe Broadcom could rise to the $1,600 to $1,800 range, with a maximum potential target of $2,300 or higher. Realistically and statistically, we anticipate a pullback for Wave (3) between the 227.2% and 261.8% levels. However, it's also possible that Broadcom continues its upward trajectory without interruption, similar to Nvidia. Today's earnings report will be crucial in determining the next move for Broadcom. We will be watching closely to see if the stock continues its parabolic rise or if we get the pullback.
NASDAQ:AVGOLong
by freeguy_by_wmc
Kraft Heinz Company (KHC): The Beginning of a Massive MovementSince its IPO in 2015, the Kraft Heinz Company chart reveals a clear downward trend. From a high of $97.77 in 2017, the stock has fallen to $19.99. This could be considered Wave (1). While the exact bottom is uncertain, we anticipate a further decline below the $19.99 mark over the coming years. After hitting $19.99, the stock formed a three-wave structure upwards, typical of a corrective wave. This suggests that Waves A and B have been completed, and we are now entering Wave C or Wave (2). This wave is expected to reach between 50% and 78.6% retracement levels, translating to a price range between $58.64 and $80.81. Currently, the stock is trading within a high-volume node between $25 and $41, with the Point-of-Control (POC) at approximately $35.50, indicating the highest traded volume at this price level. This POC can act as a pivot point, potentially leading to a breakout in either direction. Given the high-volume node and the potential completion of the corrective wave, we might soon see an upward breakout. However, monitoring these levels closely is crucial to anticipate the stock's next move. Examining the 4-hour chart of the Kraft Heinz Company, we can see a bullish structure emerging since Wave B, which was established at $30.68. This bullish trend is characterized by a five-wave structure leading to Wave (i), followed by a correction to Wave (ii). Currently, we are developing the sub-waves (1) and (2). The chart shows that we are still adhering to a wedge pattern. Recently, liquidations above Wave 1 have been collected, and support was perfectly respected at the end of last week. This support level is crucial for maintaining the bullish structure. Looking ahead, if this support holds, we expect Wave (iii) to potentially reach the $45 mark. This provides an opportunity to plan entries. However, caution is advised since entering bullish trades within a generally bearish trend can be risky. It's imperative that this support level holds. A drop below it would invalidate the short-term bullish scenario. Furthermore, we should not fall below the $30.68 level of Wave B. If this level is breached, we will need to reassess and re-evaluate the entire structure.
NASDAQ:KHCLong
by freeguy_by_wmc
TRIL Showing Again Bullish Mood at All Time High ZoneCompany has reduced debt. Company has delivered good profit growth of 57.2% CAGR over last 5 years Most preferred Indian Brand, known for manufacturing High Voltage Transformers viz. 220 kV 400 kV, 765 kV, 1200 kV indigenously ❑ Expertise in designing and manufacturing transformers from 5kV up to 1,200kV voltage class transformers and from 0.5MVA to 500MVA capacity; thereby having presence across the value chain ❑ Manufactures entire range of transformers viz. Power, Distribution, Furnace, Rectifier Transformers & Shunt Reactors, creating a unique positioning for itself in the transformer industry ❑ Supported by backward integrated manufacturing facilities housed in Gujarat ❑ International presence in 25+ countries New Order Received during the year ₹ 2,050 crore Order from Solar Power Plants: ❑ Received order for Solar Power Plants for 4 nos. 250 MVA 2x33 kV/400 kV from a reputed EPC Company ❑ Received order for 8 nos. 315 MVA 2x33/400 kV from a Maharatna PSU Order from Private Sector Industry: ❑ Received maiden order for 400 kV Single Phase Generator transformers of 6 nos. 210 MVA from a steel plant Order from Metro Projects/ Railways: ❑ Received order for Delhi Metro (DMRC) and Chennai Metro Projects Order from Central Power Utility: ❑ Received order for 72 nos. Transformers & Reactors from a leading Central Power Utility in India ❑ Received order for 2 nos. 250 MVA ICT from one of the PPP model Company ❑ Received order of 4 nos. 60 MVA Traction Power Transformer (Scott Connected) ❑ Received an order of 220 MVA EAF transformer for Exports to be used in steel melting application, it is second biggest rating in the world. Unit to be export in Q1FY25. Other Achievements: ❑ Successfully tested the most stringent Dynamic Short Circuit test on multiple transformers of various voltage ratings. With this company has crossed a commendable milestone of successful Dynamic short circuit test on a record 150 plus transformers in last two decades. ❑ Technology for 765 kV class shunt reactors has been fully absorbed Q4FY24 revenue ₹ 500 crore; FY24 revenue ₹ 1,273 crore ❑ Q4FY24 EBIDTA ₹ 65 crore; FY24 EBIDTA ₹ 129 crore ❑ Q4FY24 EBIDTA margin 12.9%; FY24 EBIDTA margin 10.0% ❑ Revenue improvement due to faster execution of major orders, better production planning, improved receivables, internal control systems, etc. ❑ Export Contribution as a % of Revenue 11% ❑ Average monthly collection from customers during H2FY24 was Rs.144 crore which indicates stringent internal controls systems in place. ❑ Tailwind to continue & company expects much higher profit margins in years to come. “
TLong
by iism-ExpertTrading
HINDALCO: METAL TO METTLE?Hey There, Welcome Back. We are not big fans of industries that are on the commodity (Raw Material) side of the value chain, But for those who don't mind, Here is everything you should know about Hindalco. - A support trendline has been pushing the price up - An ascending triangle was formed with the recent 6M consolidation - A breakout candle broke both the AT Range and crucial resistance zone - The breakout came in as a Bullish engulfing that adds to the positives - Overall for the last 15 months, the price has been sideways - If you draw a resistance line from top, We saw a breakout of that too. Not the most reliable trendline, but it still adds to the analysis - Price is nicely above 200EMA - Previously the price failed to sustain the 500 mark. What will it do this time? Have Insights or Questions? Let us know in the comments below.👇 While you do that, how about a boost for some motivation🚀 ⚠️Disclaimer: We are not registered advisors. The views expressed here are merely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. Like everybody else, we too can be wrong at times ✌🏻
NSE:HINDALCOLong
by TheChartereds