Reversal Double Bottom pattern in PELPIRAMAL ENTERPRISES LTD
Key highlights: 💡⚡
📈 On 1 Hour Time Frame Stock Showing Reversal of Double Bottom Pattern.
📈 It can give movement upto the Reversal Final target of Above 953+.
📈 There have chances of breakout of Resistance level too.
📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 1022+.
📈 Can Go Long in this stock by placing a stop loss Below 850-.
Stockanalysis
💻Microsoft Corp💻 ➕20% growth potential🚀✅ Microsoft Corp reacted well to the 🟢 Support zone($317_$300) 🟢 and reached the Downtrend line .
🌊According to the theory of Elliott waves , Microsoft Corp completed the main wave 4 [Zigzag(ABC/5-3-5) ] in the 🟢 Support zone($317_$300) 🟢 so that the main wave 3 structure was Extended .
🔔I expect Microsoft Corp to rise to the minimum 🔴 Resistance zone($366_$344) 🔴 after the downtrend line is broken, and if the resistance zone is broken, it will rise to the end of the main wave 5 that I specified in the char(➕ 20% ).
Microsoft Corp (MSFTUSD) Analyze, Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Voltas can be a high voltage high PE long term investment idea.Voltas Ltd. CMP – 843.65
Market Capitalization Rs 27,915.1Cr
Red Flags:🟥
High Valuation (P.E. = 139.9)
Declining cash from operations annual
FIIs are decreasing stake
Green Flags:🟩
No debt
Zero promoter pledge
MFs are increasing stake
Improving annual net profit
Previous Happy Candles Number – 41/100
New Happy Candles Number – 41/100
Fresh Entry/ averaging / compounding after closing above 854
Targets:872 and 888
Long term target: 902 and 915
Stop loss: Closing below 800
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
PACK.N0000Buy Zone has been mentioned in above chart.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
ASIY.N0000Buy Zone - 4 to 4.4
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
HBS.N0000 - Falling wedge patternFalling wedge pattern and bullish divergence in daily chart. Wait for a pullback and target around 20-25.
Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
📈 AEGISCHEM: A Promising Investment OpportunityHello, traders!
Today, we're focusing on NSE:AEGISCHEM . Here's what's happening:
📈 Steady Upside Movement: AEGISCHEM is on a consistent upward trajectory, forming higher highs and showing signs of strength.
🔝 Breaking Previous Highs: It recently broke its previous high, which is a significant development.
🔍 Retest Opportunity: Currently, it's retracing and coming down to retest the support from the parallel channel, and I've marked a potential long position on the chart for your reference.
🚫 Not Guaranteed: However, keep in mind that trading is about high-probability entries, not guarantees. While this opportunity has great potential, always perform your due diligence.
🕰️ Investment Perspective: This isn't just a short-term trading play; it's an opportunity with investment potential. Take a closer look and consider your investment strategy.
📌 Important Note: This isn't a definitive investment recommendation. Make informed decisions and manage your risk appropriately.
🤔 Your Strategy: What's your take on AEGISCHEM? Are you considering it for your investment portfolio? Share your insights with us!
🚀 Stay Informed: Keep following for more trading and investment insights.
Best regards,
Alpha Trading Station 🌟
CCC Intelligent Solutions Holding Inc. Moon or BustChart was brought up on my stream today, and I wanted to post a chart. Looks like a nice run-up stock looking for a decent crash that should equal some pretty large percentage losses. Short term parabolic stock, so when those green trends break, the pump is pretty much over, and you'll want to start looking for an exit or short position on the retouch, which looks like it might end up being 13.9, but it's too hard to say right now, as those trends are held up on weak support.
CCC Intelligent Solutions Holding Inc. exhibits promising signs in its current chart analysis. On the daily timeframe, the Relative Strength Index (RSI) is indicating a bullish sentiment, although we haven't detected strong trend momentum yet. However, what makes this chart intriguing is the presence of a potential 'cup and handle' pattern nested within a larger 'cup and handle' formation.
Digging deeper into the 4-hour chart, we find crucial trend support, which has not been breached, and the RSI has yet to cross into bearish territory. This solidifies the foundation for a robust short-to-medium-term outlook.
Furthermore, a notable price gap has been observed at $12.5, providing an interesting point of reference for potential price movement.
The 1-hour RSI suggests a short-term correction may be on the horizon, supported by a subtle emerging trend. This could strengthen our 4-hour trendline, potentially setting the stage for a surge towards the $14 mark, with an optimistic stretch target of $15.72 in the event of favorable developments.
It's essential to note, however, that the 5-minute and 15-minute charts are currently showing signs of being overextended, indicating a need for caution in the short term.
In terms of price targets, we have an upper range of $13.9 to $14.05, while the lower range stands at $8.47 to $7.41. While a maximum price of $18 to $20 is not entirely out of the realm of possibility, it's essential to maintain a realistic perspective, and such levels may not be easily attainable.
In the unlikely event of a significant downturn, the stock could potentially dip below $5. In such a scenario, it's crucial to be prepared for a potential bounce when the drop stabilizes.
Looking ahead to the start of the trading week, should Monday open with a downward movement, it could present a compelling buying opportunity around the $12.54 mark, aligning with the prevailing trend. Such a move would also serve to reset the technical indicators, potentially paving the way for a push towards $14 and beyond.
In conclusion, CCC Intelligent Solutions Holding Inc. holds promise in its chart patterns and technical indicators, making it an interesting stock to watch. As with any investment, prudent risk management is advised, but the potential for exciting price movements in the coming sessions is certainly worth keeping an eye on.
Personally, I don't know if I'll give this stock another look, but I'll try to keep the prices update on my site, should it really start to get away from this chart. But overall, be careful, sell fast, and possibly try to enter a short position, it's a pretty nice setup, with limited but very real risk.
Analysis does not take any fundamentals into account. I've never heard of this company before.
Nick
Yolo to the Moon
🏧 Focus on American Express Co. stocks. 23/10/2023American Express Co. recorded net profit above analysts' expectations. In Q3 2023, the company's net profit reached 2.45 billion USD compared to 1.88 billion USD in Q3 2022. Market expectations were only at 2.19 billion USD. American Express is optimistic about the future and notes that current performance is much better than pre-pandemic levels.
Therefore, today, we focus on the American Express Co. (NYSE: AXP) stock chart.
On the D1 timeframe, resistance has formed at 154.79 without clear support.
On the H1 timeframe, if quotes return beyond 144.29, the short-term target for the price increase will be around 154.55; while in the medium term, it could reach 179.12.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
📈 Analysis of AARTIPHARM: A Bullish Opportunity Awaits? 📈Hello, fellow traders! 👋
Today's spotlight is on AARTIPHARM . After closely observing its four-hour time frame, here's what caught my attention:
1️⃣ Major Trend: The stock is confidently striding in an upward direction. Each stride it takes, it glances back at its support, reassuring itself before surging upwards again.
2️⃣ Pattern Recognition: The recurring 'higher high' formation suggests a consistent bullish behavior.
3️⃣ Support Check: It's gearing up to greet its support level once again. A friendly wave or a hug? Let's find out!
4️⃣ Moving Average: The 200-day moving average is waving right at its entry price. A potential bullish beacon?
5️⃣ Upward Direction: This can be the wind beneath our trading wings, providing additional strength for our strategies.
🚀 Takeaway: All these factors hint towards a trade opportunity that we might not want to miss. But as always, tread with caution and ensure your research backs your moves.
❓ Your Thoughts: Have you been tracking AARTIPHARM? What's your take on its current position? Drop your insights below!
🔔 Stay Tuned: I'll be back with more insights and analyses. Don't forget to follow for timely updates.
Until the next trade, keep those charts ringing and strategies sharp! 📊
Warm regards,
Alpha Trading Station
Why the S&P 3 month chart paints a scary view for Stocks We have been bearish on S&P since April 2022.
The bearish outlook is even more evident now with a HUGE DOUBLE TOP in the 3 months chart. This is the first time we have analyzed this pair in the 3 month chart and the divergence is obvious.
What does this mean for the S&P?
1) It is very unlikely it can move above 4600 to 4800 in the near future
2) There is a high probability that the pair is moving downwards. We are already in short from 4370.
3) The immediate target is 4275 but we looking at 4180 as the next target.
4) The long term target is 3600 and we will keep selling at any opportunity
In our mind, the stock market is in for a rough ride for the next 1 -2 years. Our prediction is that around 3000 by the end of 2024.
SciPlay | SCPLIt's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story even if these companies are loss-making. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away.
If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in SciPlay. While this doesn't necessarily speak to whether it's undervalued, the profitability of the business is enough to warrant some appreciation especially if its growing.
If a company can keep growing earnings per share long enough, its share price should eventually follow. That makes EPS growth an attractive quality for any company. We can see that in the last three years SciPlay grew its EPS by 13% per year. That's a good rate of growth, if it can be sustained.
Careful consideration of revenue growth and earnings before interest and taxation (EBIT) margins can help inform a view on the sustainability of the recent profit growth. While SciPlay did well to grow revenue over the last year, EBIT margins were dampened at the same time. If EBIT margins are able to stay balanced and this revenue growth continues, then we should see brighter days ahead.
You can take a look at the company's revenue and earnings growth trend, in the chart below. Click on the chart to see the exact numbers.You don't drive with your eyes on the rear-view mirror, so you might be more interested in this free report showing analyst forecasts for SciPlay's future profits.
It's a good habit to check into a company's remuneration policies to ensure that the CEO and management team aren't putting their own interests before that of the shareholder with excessive salary packages. Our analysis has discovered that the median total compensation for the CEOs of companies like SciPlay with market caps between US$2.0b and US$6.4b is about US$6.7m.
The CEO of SciPlay only received US$3.3m in total compensation for the year ending December 2022. That's clearly well below average, so at a glance that arrangement seems generous to shareholders and points to a modest remuneration culture. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of good governance, more generally.
One important encouraging feature of SciPlay is that it is growing profits. To add to this, the modest CEO compensation should tell investors that the directors have an active interest in delivering the best for shareholders. So based on its merits, the stock deserves further research, if not an addition to your watchlist. While we've looked at the quality of the earnings, we haven't yet done any work to value the stock. So if you like to buy cheap, you may want to check if SciPlay is trading on a high P/E or a low P/E, relative to its industry.
Shares of SciPlay Corp. rose after the company agreed to be acquired by Light & Wonder.
There's always the possibility of doing well buying stocks that are not growing earnings and do not have insiders buying shares. But for those who consider these important metrics, we encourage you to check out companies that do have those features or you can count on our experts.
MASTERCARD gives a $445 end of year targetMastercard is trading inside a Channel Up and today almost hit the bottom.
As long as the MA200 (1d) isn't broken, the long term trend stays technically bullish.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 445 (+14% rise a minimum on the bullish legs prior).
Tips:
1. The RSI (1d) prints the exact same bottom pattern as on the May 31st Low.
Please like, follow and comment!!
VEDANTA LTD - BEST TIME TO INVEST @225Entry Level : 225
SL : 207
Targets : 245,260,285,300+
52wk High : 340.75
52wk Low : 207.85
Mkt Cap : 826.61 B
Vedanta share: Vedanta demerger was announced on Friday after the market close. In this unlocking of business, Vedanta Limited announced to demerge and diversify its business into six separate entities — Vedanta Aluminium, Vedanta Oil & Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals and Vedanta Ltd. Vedanta demerger is a vertical saplit in which every Vedanta shareholder will be given one share of the new entities for every one share they hold.
HD, Crucial, Two Formations Setup the BEARISH BREAKOUTs!Hello There!
Welcome to my new analysis about HD on several timeframe perspectives. As the whole stock market is moving into a decisive phase where more and more mixed sector stock developments emerge with many sector stocks to increase a bearish possibility while others still remain in a major bullish condition it is highly necessary to consider those stocks that have main bearish potential in a total-return approach to also profit when the stock price is declining. In this case I have spotted HD, a major potential short-side-candidate when considering the total-return approach in the current stock market.
As when looking at my chart now, the most important indication for HD is that it is forming two major bearish formations that are going to double the effect of bearish acceleration to the downside once they have been completed. The first bearish formation HD is forming is this gigantic head-and-shoulder-formation which is already in the final stages of completion as the right shoulder is about to be finalized. The second bearish formation HD is forming is the crucial bear-flag-formation forming simultaneously with the right shoulder and is also going to accelerate the bearishness hugely once a breakout has shown up.
Both bearish formations HD is forming here are pointing into the crucial bearish resistance-cluster into which HD is now moving, this means that there is an enormous high possibility for a massive pullback and bearish continuation towards the downside as HD is already attempting to do so there are not much confirmation signals remaining till the total bearish breakdowns. In this case it will be especially important on how HD actually moves below the two main EMAs here, with the first EMA being the 65-EMA marked in red, and the second EMA being the 200-EMA in blue. Once HD broke out below the 200-EMA in blue as well as the lower boundary and neckline of the gigantic head-shoulder-formation this is going to setup the bearish-continuation and bearish-acceleration to activate the target-zones.
Currently all indications point to the massive bearish continuation and acceleration to setup in the next times. Especially, when other major sector stocks turn bearishly to the downside this can have an acceleration effect on HD also. Once the formations have been completed it is going to activate the target-zones as seen in my chart between the 177.5 and 185 level. In this case HD will show how much it is going to increase the bearishness once it approaches these levels because if there is an extremely high bearishness there is also the possibility that HD just breaks down with exponential high bearish pressure below these levels and even does not attempt to form a reversal in this zone.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
BRK, Massive Volatility-Developments, Important Price-Dynamics!Hello There!
Welcome to my new analysis about BRK on several timeframe perspectives. The BRK stock is one of the few stocks within the recently bearish inclined stock market that is actually showing all-time-high developments with the price-action bouncing into a new all-time-high. Within this case there are important underlying dynamics going on which could turn out to be a major factor in determining the stocks future and incoming price-actions. Especially as BRK did not pulled back massively yet this is actually increasing the possibility of no bull-trap to emerge here.
First of all, BRK is recently forming this ever so decisive Ascending-Triangle-Formation on the local timeframe perspective which is likely to be completed within the next times. Once the Ascending-Triangle-Formation has been completed it is going to activate initial target-zones. In this case 5 factors will be important to consider. The first factor on how the momentum shows up once the breakout emerged. The second factor on if BERKSHIRE actually pulls back from the target-zone or it has such a momentum that it continues above it. The third factor on if the major ascending-supports hold and BERKSHIRE emerges with a bounce from there on. The fourth factor on how Apple a major holding of BERKSHIRE develops and the fifth factor on if the U.S. CPI continues to decline.
Taking all these factors into the consideration here now, the next times will be highly important because BERKSHIRE is going to show up with the major decisive volatility developments. When considering this whole dynamic on the global perspective also BERKSHIRE is forming this gigantic ascending-triangle also besides the local timeframe and once BERKSHIRE holds this gigantic ascending-triangle lower boundary it is going to be the impediment of the whole continuations to accelerate, activate the target-zones and reach out to all of the target-zones in the upcoming times.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
AAPL, Major Trend-Dynamics, Volume, Momentum and Targets!Hello There!
Welcome to my new analysis about AAPL on several timeframe perspectives. As AAPL has shown up with this huge bearish price-action to the downside testing the remaining supports at 175 this has been a crucial dynamic from where AAPL should determine further dynamics of its future price-action because if the breakout below the previous supports settled this would trigger a lot more bearish positions to the downside as even already seen before since the pullbacks from the all-time-high area.
The fact that AAPL firstly formed the reversal lows here now does not mean AAPL is completely bullish forever however with the formational structure within the local 4-hour timeframe perspective AAPL could setup the major reversal to determine initial target-zones within the structure from where the momentum should be measured once they are reached. If the momentum moves on as it already established before this will provide the price-action for a much larger formation to be completed here.
The much larger formation which will be completed once AAPL shows up with the appropriate momentum is a massive ascending triangle formation within the channel and once it has been completed with the necessary momentum it will activate the target-zones mentioned. The final confirmation is going to setup once AAPL formed the breakout out of the boundary into the trend-direction. Especially, if the establish Consumer Demand Expenditures do not decrease further this is likely to accelerate the price-action-dynamics.
Thank you for watching my analysis. Support from your side is greatly appreciated.
VP
EFX, Massive HEAD-SHOULDER-FORMATION, Huge BREAKOUT Incoming!Hello There!
Welcome to my new analysis about EFX Stock Market Price Analysis on the Weekly Timeframe Perspectives. EFX recently developed important dynamics within the whole structure that can indicate further substantial determinations in the next times. Especially after forming the all-time-high at 290 and the pullback that followed this all-time-high EFX formed several lower lows that should not be underestimated together with the main waves towards the downside such a structure is indicating a crucial bearish inclinement that could accelerate down the line.
As when looking at my chart EFX now emerged with several really important structure dynamics that are indicating the further price action that awaits EFX. Within the past days EFX pierced the 200-SMA marked in blue to the downside and already formed a new low below this ever so crucial SMA which served as a major support in the trend-structure before. Furthermore, EFX is now forming a local head-and-shoulder-formation slightly above the SMA with the right shoulder about to complete within the next times and once this right shoulder of the whole head-shoulder-formation has been completed this means that further bearish momentum is likely to develop the next lower lows within this structure.
What is also crucial in this whole structure is that EFX has formed this main descending-resistance-line to the downside marked in red in my chart from where EFX already pulled back several times to the downside meaning that there is a overwhelmingly high indication that EFX pulls back from this descending-resistance-line once again with forming the right shoulder of the whole local head-and-shoulder-formation. Such setup will complete a massive origin for the next lower lows to be formed till other supports in the whole area are tested which consist of the neckline of the global big picture head-and-shoulder-formation as well as the 400-EMA marked in red. These levels will be determining for the completion of the whole big picture head-and-shoulder-formation because once EFX broke below these levels it will mark the completion of the whole global big picture formation.
In the next times a pullback to the downside with paramount bearish inclinements should be considered. Once this happened the next pullbacks below the neckline of the global big picture head-and-shoulder-formation will complete the whole formation bearishly to the downside and will setup the origin for the massive wave-C-extension from this origin on. With the breakout below the neckline EFX also is going to have completed the major wave A and C of the major global wave-count consisting of the waves A, B, and C. From there on the wave C extension with further bearish pressure will setup and this wave C extension will move on till the final profit target zones have been reached within the whole structure which simultaneously serve as support levels to determine a potential change of direction. Once the whole head-and-shoulder-target-zones have been reached further determinations of a potential reversal need to be made. Indeed, it will be a important development and therefore we will keep the symbol on our watchlist and move on forward with the formation completions on the data dashboard into the right direction.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
CAT, Formed EXPLOSIVE BULL-FLAG-BREAKOUT, Extension Prevails!Hello There!
Welcome to my new analysis about CAT Stock Price Action Analysis on the Weekly Timeframe Perspectives. The CAT Price Action recently showed up with a highly important dynamic and in this case a major formation has been formed that caught my attention. The CAT earnings through the recent quarters look pretty damn solid and the equity-to-debt ratio held stable through the recent quarters indicating a substantially fundamental base from where CAT has a strong potential to be backed from a financial market investors open-interest perspective. While other sector stocks showed up with pullbacks CAT moved on to form new highs. Such dynamics are pointing to a interesting stock price-action dynamic that should be considered in the schedule.
When looking at my chart now I have marked there this huge bull-flag-formation which CAT has built during the last times. Within this formation CAT moved on to form a new higher high exceeding the previous one into an all time high as well as several higher lows that supported the bull-flag-formation to be completed with the breakout above the upper boundary. CAT also bounced several times within the 65-EMA in blue and the 25-SMA in green building substantial support-structures in combination with the main ascending-trend-line. The wave-count within the bull-flag-formation has been completed appropriately and from there on the final breakout above the upper-boundary has been validated by the bullish volume.
The major formation that CAT recently completed here has now activated the upper target-zones as marked in the chart together with the major wave-C to emerge out of the breakout-origin. The fact that the waves A and B have already completed give the breakout and wave-C extension a fundamental base for the expansion to show up within the next times. The setup and indications that CAT provided here are delicate for an main positioning into the bullish direction and it has to be remarked that not every stock is showing such concrete factors into the appropriate direction this is why CAT is a main considerable stock-pick that we will keep following on the watchlist.
Within the near terms a final setup-determination above the upper-boundary of the formation as seen in my chart is likely and from there on the wave-C expansion-wave will determine to reach out the upper-target-zones. Once the zones have been reached further assumptions need to be made. Especially a continued healthy equity management of the company can support the bullish case massively.
In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated.
VP
AT&T retreate downwardsAT&T retreate downwards
This chart shows the weekly candle chart of AT&T company's stocks over the past six months. The graph overlays the golden section above the low point of July this year. As shown in the figure, the highest point of AT&T company's stock last week just hit the bottom of the graph, which is 1.382 on the golden section, and then retreated downwards! The recent strong support for AT&T company's stock below is the 0.618 level of the golden section above the bottom in the figure. In the future, this position can be used as the watershed to determine its strength!