Prestige- LONG TERM ACCUMULATION - EDUCATION PURPOSE #Prestige This analysis focuses on the long-term accumulation strategy for Prestige, emphasizing key support levels that are crucial for making informed trading decisions. This strategy is designed for educational purposes and aims to help traders understand the importance of support levels in the context of long-term investments.
Risk Management: Establishing support levels assists in managing risk by setting predefined points for making buying decisions, thereby limiting potential losses.
This analysis is intended to provide educational value and should not be construed as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
Investment
ANANTRAJ - Long Term Accumulation - Education PurposeThis analysis focuses on the long-term accumulation strategy for ANANTRAJ, highlighting key support levels that are crucial for making informed trading decisions. This strategy is designed for educational purposes and aims to help traders understand the significance of support levels in the context of long-term investments.
Risk Management: Establishing support levels aids in managing risk by setting predefined points where buying decisions are made, thereby limiting potential losses.
This analysis is intended to provide educational value and should not be construed as financial advice. Always conduct your own research and consult with a financial advisor before making investment decisions.
Platinum A Complex Equilibrium - Unraveling Market DynamicsThe platinum market is currently navigating a complex equilibrium shaped by a confluence of factors. A persistent supply deficit, driven largely by robust industrial demand, particularly from the automotive sector, has exerted upward pressure on prices. However, the specter of electric vehicle adoption, a long-term threat to platinum demand in the automotive catalyst market, introduces a countervailing force. This dynamic interplay between supply-demand fundamentals and technological disruption creates a challenging environment for market participants.
Moreover, the geopolitical landscape, particularly in South Africa, the dominant platinum producer, adds an additional layer of complexity. Labor unrest, infrastructure challenges, and broader political instability in the region can significantly impact supply and, consequently, prices. The broader global geopolitical environment also plays a role, as tensions between major world powers can create uncertainty and market volatility.
Despite these headwinds, the potential for inventory depletion and ongoing industrial demand suggest that the market may continue to exhibit bullish tendencies. Yet, the magnitude and timing of these bullish impulses will be contingent upon the evolving dynamics of supply, demand, and geopolitical risks. As such, market participants must adopt a nuanced perspective, carefully considering both the short-term and long-term implications of these interconnected factors.
Essentially, the platinum market is a complex system characterized by non-linear relationships and feedback loops. Understanding these intricacies is crucial for developing effective investment and trading strategies.
COLGATE! Time to shine??- Colgate gave a good breakout which was met by a long upper wick candle showing the presence of sellers at the crucial resistance zone.
- The price is now trying to break it. The structure does look good but given the volatility just after the breakout, it will be wise to wait for a break and sustenance of the price above the zone.
What are your thoughts? Leave us a comment.
Disclaimer: Please note that we are not registered advisors and the views expressed here are solely personal opinions. We strongly recommend consulting with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong.:)
FINEORG: 3 Technical Possibilities 👌Okay, This one was requested by @Saikumarvsk
The Chart should tell you everything you need to know. But here are some specific pointers:
- The price looks to be in a consolidation mood
- We have a support trendline at play
- The Support and resistance zones are clearly marked
- The Psy. levels, 5000 and 4000 are positioned near the support and resistance. They will add to the strength of respective zones.
- The price is trading below the 200EMA on daily TF
- The MACD shows a slowdown but no bearish crossover yet
- It is too early to predict future price action at this point but below are some technical possibilities.
- Before we go there, Would you give us a boost for motivation? The more you like our posts, the more we will post.
1. ascending triangle scenario
2. Sideways consolidation.
If the price takes this route, The breakdown of the support trendline may not have much impact on the momentum.
3. Breakout of either zone (support or resistance zone).
A break and close above or below the zone may trigger a good momentum.
What is your take on Fine Organic?
Have Requests, Questions, or Suggestions? DM us or comment below.👇
⚠️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 ✌🏻
XRP Road MAPPrice Levels and Resistance Lines: The chart shows several horizontal resistance lines at different price levels such as $0.6025, $0.6135, $0.7915, $1.0260, $1.3437, $1.9716, and $4.1853.
These lines are likely previous support and resistance levels where the price had significant interactions.
Trend Lines:There are yellow downward and upward-sloping trend lines indicating bearish and bullish trends, respectively.
The price has broken out of these trend lines multiple times, indicating shifts in the market sentiment.
Pattern Formation: The chart shows a large triangle pattern with converging trend lines, suggesting a potential breakout.
Smaller triangular patterns within the larger trend indicate periods of consolidation before the breakout.
Measured Moves: Two measured moves are highlighted with blue rectangles, both showing a substantial 932.15% increase. These moves are indicative of significant upward momentum.
The first move shows a price increase from approximately $0.19 to $1.97.
The second projected move indicates a potential price increase from around $0.60 to the $4.18 target.
Volume: The volume bar at the bottom indicates trading activity. Higher volume during breakouts and significant moves suggest stronger momentum.
Current Price Action: The current price is around $0.6026, and it recently broke out of a consolidation pattern.
The breakout suggests a bullish trend with potential targets at higher resistance levels.
Key Observations:
Support Levels: Around $0.59, $0.53, and $0.43.
Resistance Levels: $0.6135, $0.7915, $1.0260, $1.3437, $1.9716, and $4.1853.
Trend: The recent breakout suggests a bullish trend, with potential significant upward movement if momentum continues.
Conclusion:
The XRP/USDT pair appears to be in a bullish phase, with potential targets at higher resistance levels. Traders should watch for confirmation of the breakout and volume to gauge the strength of the move. Monitoring support and resistance levels will be crucial for making informed trading decisions.
BORORENEW: A Correction on cards?- All the necessary pointers are on the chart. We are trying to keep things short and simple. if you like this concept, give us a boost/Comment to let us know.
For those who need a writeup, Here's a quick one:
- Until the resistance zone is broken, Going long may trap investors in a consolidation phase.
- MACD is all up for a bearish crossover
- Price trades below 200 EMA on Daily
- Given the long wick rejection and a breakdown of the consolidation zone, If buyers fail to revive the price, we may see a correction phase until the support zone is tested.
- The shot up EPS further weakens the fundamentals
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 ✌🏻
WIPRO: Out of the shell ?- The chart is pretty self-explanatory but here is the gist:
- 10 months of pure sideways consolidation (I get it. Wipro tested Investor's patience, the most)
- Breaks the support only to reverse back into the range, trapping sellers
- On the verge of breaking its range for the cage-free price momentum
- Also, the Indian IT sector is approaching its critical resistance for the third time. (link in the comment section)
- 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 ✌🏻
Bitcoin(BTC/USD) Daily Chart Analysis For Week of July 19, 2024Technical Analysis and Outlook:
Bitcoin has consistently demonstrated an upward trend in the current week's trading, aligning with the projections outlined in the Daily Chart Analysis for the Week of July 12. Both the Mean Resistance level at 60400 and the subsequent Mean Resistance level at 62800 were not only reached but surpassed greatly. The overall trajectory is progressing towards the long-anticipated target of the Outer Coin Rally at 92000. Concurrently, two significant interim milestones have emerged: the Inner Coin Rally at 70400 and a retest of the completed Main Inner Coin Rally at 73300. It is imperative to underscore the substantial downward primary squeeze pressure toward 64000, prevalent across all specified upper target levels.
Investment or Trade Mindset With ExampleNow looking to this chart, if we have long term vision then my question is "How long ?" and "Why Long?". Many of you are already familiar with technical or fundamental analysis but my point is how to discriminate your mind into two half for a same script or same sector.
Coming to the solution:
Let's know about benefits -"FAYDA". If we can then we can ride long term and short term both and by hypothetical calculation it will shock will brain like anything else.
Personally I have no interest to be biased for long term or short term. I can see only "Munafa" means profit.
It's very simple.
Step 1: For long term holding hold the script in account "A"
And for short term use different account "B"
Step 2: Well Define your long term system and short term system and place it in-front of your working table or place.
Step 3: Even for analysis use two different drawing.
Step 4: Even after doing these all your mind will disturb you. Just take a break of your screen by placing alert on your system.
I hope this can help you. Kindly let me know something that I can discuss and share with you.
In this way I am also learning.
Thank you for reading.
MTR => Mesa Royal Trust => Potential long term investment opp.Stock and Timeframe:
The chart is for "Mesa Royalty Trust (MTR)" on the 1-week (W) timeframe, which provides a long-term view of the stock's price movements.
Current Price:
The current price is shown as $8.20.
Trend Lines:
A downward yellow trend line is drawn, indicating a long-term downtrend. The price has broken above this trend line and seems to be retesting it as support.
Support and Resistance Levels:
Support Levels:
Around $8.20 (current price).
Around $7.75 (a lower support level if the current support fails).
Resistance Levels:
$19.87: This level is identified with a red horizontal line.
$35.34: Another significant resistance level marked with a red horizontal line higher up.
Price Targets and Potential Moves:
There are two significant potential price targets indicated:
First target: $19.87, with an expected gain of 156.26%.
Second target: $35.34, with an expected gain of 375.39%.
Annotations:
The chart mentions "retest," indicating that the price is currently retesting the previously broken trend line. This is a critical point to watch, as a successful retest could signal a continuation of the upward move.
Volume:
The volume bar indicates a significant increase in trading volume, which is a positive sign for the bullish trend, confirming the price movement's strength.
Summary:
Bullish Signs:
Break above the long-term downward trend line and retest.
Strong volume supporting the price movement.
Significant upside potential with targets at $19.87 and $35.34.
Watch Points:
Successful retest of the trend line is crucial. Failure could mean a return to lower support levels.
Resistance levels at $19.87 and $35.34 will be critical to watch for potential profit-taking or further bullish moves.
Strategy:
For long-term investors, this setup presents a potential buying opportunity with considerable upside.
For short-term traders, monitoring the retest and volume closely will be key to making informed decisions.
By keeping an eye on these critical levels and market behaviors, traders can make more informed decisions about their positions in Mesa Royalty Trust (MTR).
Dabur: Resistance Zone !Hey There,
- Like always, The chart is self-explanatory.
- We saw a triangle breakout which happened very close to a crucial resistance zone that acted like one.
- This is one previous support that turned crucial resistance
- Previously, the price has fallen 3 times after testing this level. The fourth time's a charm?
- We see a good consolidation at the resistance zone since the breakout
- NSE:MARICO sustained similar consolidation to fly high whereas NSE:HINDUNILVR failed to break it.
- What will DABUR do?
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 ✌🏻
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 ✌🏻
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 ✌🏻
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?