ADANII POWER - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Stockmarkets
Stock Market AnimalsThe stock market animals roam the financial landscape, representing optimism or pessimism. These animal metaphors capture the sentiment and beliefs behind the market participants who often try to outsmart each other through their edge in the market.
Here is a list of 7 most popular animal metaphors in the stock market. Maybe it can help some traders to look at themselves in the mirror.
🐮Bulls🐮
Its true that at some point everybody would have been a bull in the stock market but here we are talking about the hardcore bulls who are quintessential symbol of rising market. They never go short on the market and make money from the escalating prices of the stocks. This is because they are always overtly positive about the economy and the companies in which they invest. Undoubtedly, bulls are responsible for the buying pressure in the market.
🐻Bears🐻
Needless to say, bears are exactly the opposite of bulls. They never go long and make money from falling stock prices. Their pessimistic and cautionary view about the markets glue them to their short positions. Thus, bears keep on creating selling pressure in the markets.
🐕Wolf🐕
Wolves are neither bulls nor bears but at the same time they are the both. Wolves are shrewd animals who always seek profit making opportunities on both sides of the market. Due to their aggressive trading they quickly adapt to the changing market conditions. They are able to take advantage of momentum, volatility and short-term price discrepancies. They tend to quietly wait for opportunities rather than hopping on to them.
🐢Turtle🐢
Turtles by their very nature believe in slow money-making ideology. They are the most patient ones among all the other categories. Generally, they marry their investments with a longer-term perspective. They take stock splits, bonuses and pocket dividends to make money. Turtles are steady buyers as well as steady sellers.
🐰Rabbit🐰
Rabbits are the most popular trading creatures. They are Intraday hoppers who trade in both the directions. They may be bullish at 10am and bearish at 10:05am. They believe in small but quick money-making ideology. Characterized as least patient among all the other types of market participants, they are just the opposite of turtles. Generally, they are pushed by the market sentiment to take a large number of trades during the day. However, they square off all profit/loss making positions before market close. They don’t restraint themselves from using a whole lot of indicators and strategies to make buy and sell decisions. Unfortunately, most rabbits lose money in the market.
🐔Chicken🐔
They are risk-averse creatures who believe in preserving their capital. Market volatility and momentum are not their cup of tea. They invariably take small risk and make smaller money. A small price fluctuation, on either side, may throw them out of the trade.
🦈Shark🦈
Sharks are the market manipulators. With their exceptional potential to drive or hold the prices to certain levels, they look for opportunities to trap weak traders on the wrong side of the market and exploit their fear or greed. Trading pools, large traders and prop firms etc. fall into this category. What makes them different from the rest of the market participants is their access to more accurate market data and mammoth sized Gigabucks at their disposal.
I would not ask anybody's (predictable) type but would say that there is always room for improvement.
It just needs :
⚡Realization on your part to recognize yourself.
⚡Commitment to follow the discipline needed to transform yourself.
Anyways, which one do you like to become. Write in the comment section below.
Thanks for reading.
Do like for more educational stuff in future.
Disclaimer: These metaphors are not created by me but views are personal.
ADBE WCA - Ascending TriangleCompany: Adobe Inc.
Ticker: ADBE
Exchange: NASDAQ
Sector: Technology
Introduction:
Thank you for joining me for today's technical analysis. We will be examining Adobe Inc. (ADBE), a leading company in the Technology sector, listed on the NASDAQ. Our focus is on an Ascending Triangle pattern that has been developing on the weekly chart.
Ascending Triangle Pattern:
An Ascending Triangle pattern is often indicating a potential reversal or continuation of the trend. This pattern is formed when the price oscillates between a flat resistance line and an upward sloping support line.
Analysis:
In the case of Adobe, the previous trend was downward, as indicated by a blue diagonal resistance line. However, we are now witnessing the formation of an Ascending Triangle pattern, indicating a possible bottom reversal.
The horizontal resistance of the triangle is set at $397.36, with four touchpoints recorded. Meanwhile, the rising support line, which originates at $275.20, has also been touched four times. Notably, the current weekly candle (the third touch point) is making an attempt to break through the horizontal resistance line.
The 200 EMA closely aligns with the horizontal resistance, further underlining the significance of this level. A breakout – defined as a weekly candle closing above the horizontal resistance line – could present an excellent entry point for a long position.
If a breakout does occur, the price target would be approximately $524. This represents a potential gain of around 32%. Minor resistance could be encountered at 446,51.
Conclusion:
Adobe Inc.'s weekly chart paints an intriguing picture, with an Ascending Triangle indicating a potential bottom reversal. Traders should keep a keen eye on this setup, as a breakout could signal a strong buying opportunity.
Remember, this analysis does not serve as financial advice but a guiding point for your own research. Always consider your risk management strategies when trading.
If you found this analysis helpful, please like, share, and follow for more updates. Happy trading!
Best regards,
Karim Subhieh
Head and Shoulders Topping Formation on the Russell2000The recent failure of First Republic Bank highlights the problems facing the US banking system. These problems include the continued increase of delinquency rates on Credit cards, Commercial Real Estate & Automobiles, as well as a decrease of commercial bank deposits and M2 money supply (-4.2% YoY). These problems, among others, are causing banking institutions to rein in their lending to build reserves and take on debt from the FED & FHLBs to meet deposit withdrawals. This reduces the profitability of banks and restricts credit into the economy, which reduces economic activity as a whole. The economy had already begun slowing heavily before the credit crunch began in March 2023, but the current business cycle downturn, combined with 3 large regional bank failures and rising continuing jobless claims, portend a severe & lengthy economic contraction. The Conference Board Leading Economic Indicators registered a -7.2% YoY Contraction recently. Since 1968, Any Conference Board LEI contraction of more than -2% YoY has never yielded a false positive in regards to a coming recession.
Over 40% of Russell2000 companies are unprofitable and over 24% of S&P500 companies are zombie companies. Markets are still very overvalued within the context of a 5% Fed funds rate, contracting earnings, a credit crunch, and ongoing quantitative tightening by the FED. The markets have been seeing less buying volumes as well as carving out a head and shoulders top on the Russell2000. Other problems facing the banks include the popping auto & commercial real estate debt bubbles, as well as increasing large corporate bankruptcies (The most since 2010 thus far this year). The IPO market is the weakest it has been since 2009 (by total proceeds), which is also hurting Investment banking profits. I see the potential for 5%-10% possible upside and 35%-50% downside for the Russell2000 & S&P500 over the next 9 -18 months.
Thank you for reading,
Alexander C. Lambert
NASDAQ - Bullish movement resumeThe price broke a strong trendline and a resistance and targeted the next significant resistance level, first the 127-138 level of Fibo and then the 13500 level.
1D:
Good trading!
If you find it useful, like, follow, share!
WHY NIFTY WENT UPWARDS TODAY, HERE'S WHY - 26/04/23 Nifty took support from the support line tested by previous day support & day before yesterday's strong resistance after the opening of the day and consequently went upwards a lot due to the support line being very strong due to presence of multiple support & resistances on the last 2 days
After that it took resistance from a previous day resistance line and consolidated a lot in the second half
But the resistance line being weak due to the presence of only one earlier resistance it was breached during the end of the day and nifty went upwards again
PHARMALA BIOTECH HOLDINGS INC(#MDMA))Hi Dude
from now on i am going to scrutinize Canada Stock market Shares
for This post I Analyze MDMA Share
as Depicted in picture i suggest:
Entry:0.295
SL:0.245
TP= 1:7 but dont hurry and wait for breaking orange trendline
if you like please support by comment and share
REXNORD : Target 200 % in 6 months Hello Traders!
I hope you are doing well.
In this chart as you can see price bounces each time it comes down to 50 ma band and gains momentum to give a good rally. This time again it seems that price is trying to bounce from the same moving average. So higher probability is that it'll give another rally for a huge target in a short period of time that is 3 to 6 months. Price shows trendline breakout. Risk is little and reward is huge in this trade, i.e. 1 : 8.
Target is more than 200 % as per my POM Advance Trading System
Entry can be taken at current market price.
Rest the chart explains everything.
👉This analysis is for educational purpose only.
spx500 is started the 2nd round the zone of 4100 is a critical zone for #spy.
its the 2nd try to fight with this zone and this time a bit stronger.
I am personally 60% cash and I prefer to stay calm waiting for a strong breakout beyond the 4300 .
for the next week the volume is more important than the price.
BankNifty Demand and Supply Zone for 31st March 2023BankNifty Demand and Supply Zone for 31st March 2023
Can long above green/ demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
More details on chart.
Good Luck.
#stockmarkets #niftytomorrow #premarket
View for education purpose only.
#Nifty view under profile.
Nifty Demand and Supply Zone for 28th March 2023Nifty Demand and Supply Zone for 28th March 2023
Can long above green/ demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
Good Luck.
View for education purpose only.
Market Day Ahead (29th March) - Our views on FINNIFTYAssuming Nifty Financial Services (FINNIFTY) opens between 17700 and 17600
Long Position
If there is a closing above 17710. We will be initiating a long position for targets of 17770 and trail for target of 17880
Short Position
If there is a closing below 17600. We will be initiating a short position for targets of 17552 and trail for target of 17432
These are our views on FINNIFTY and expectations on respective movement.
We are not SEBI registered analysts and views are for learning purposes only. Please consult your financial advisor before taking any trades
BankNifty Demand and Supply Zone for 28th March 2023BankNifty Demand and Supply Zone for 28th March 2023
Can long above green/ demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
Good Luck.
#stockmarkets #niftytomorrow #premarket
View for education purpose only.
#Nifty view already shared, link below.
Nifty Demand and Support Zone for 27th March 2023Nifty Demand and Supply Zone for 27th March 2023
Can long above green/demand zone if price action shows bounce from that zone with SL below zone.
Can short below red/supplyzone if price action shows rejection from that zone with SL above zone.
Good Luck.
View for education purpose only.
Earthstahl & Alloys Ltd Investing for long term. #Earthstahl & Alloys Ltd has broken down trendline, that is bullish sign.
#earth #investing #stockmarkets
Seems like price is creating base and accumlation is going on, seems good for investment around CMP 46.99 for targets of 60, 90, 120 and may be more.
Can exit below 39.
View for education purpose only
SasanSeifi 💁♂️ AMD/ 1D LONGTERM ⏭ $89/$97 ? ❗❗HI TRADERS ✌The possible scenario of AMD is specified. As you can see, after breaking the long-term downward trend, the trend started to grow up to the range of 89 and then with a slight correction, it was able to grow again from the range of $76.
It is currently trading in the range of $83.24 and is above the 60 EMA. We can expect the price to grow to the range of $89. We have to see how the price will react to the $89 resistance range. If it stabilizes above the range of $89, the next target is the range of $97.
Keep in mind that it is important to maintain the $75 support Zone for the continuation of the uptrend
let's see...
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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