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TSLA : Initial Reversal or Continued Bullish Trend? (READ)By reviewing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that the price is moving towards the supply zone that we've marked on the chart. I expect that once the price enters the $233.5 to $274 range, we will see an initial negative reaction. However, keep in mind that with the potential for interest rate cuts in the coming months, the stock market might experience a revival, pulling out of the recent downturn we've been witnessing. Therefore, while we may see an initial negative reaction from the marked zone, I predict the overall trend will continue to be bullish. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban ((2+4+7+13+15+18+26+36+38+69+87+101+183+209+1000+1002+1000000000+1000000001+ 1000000853)^♾️*69) + 1 !
NASDAQ:TSLALong
by ArmanShabanTrading
2
Tata Elxsi can rise to old glory againTata Elxsi Limited, a part of Tata Group was incorporated in March 30th, 1989 as Tata Elxsi (India) Ltd. The Company is a global design and technology services company for product engineering and solution services across industries including Automotive, Broadcast, Communications, Healthcare, and Transportation. The operations are classified into two business divisions, i.e., Software Development and Services and Systems Integration and Support. Tata Elxsi Limited CMP is 7088.15. The positive aspects of the company are Rising Net Cash Flow and Cash from Operating activity, It is a Company with No Debt and Company with Zero Promoter Pledge. The Negative aspects of the company are high PE (PE=56), MFs decreased their shareholding last quarter, declining profits and falling profit margins. Entry can be taken after closing above 7132. Targets in the stock will be 7334, 7361, 7553 and 7797. The long-term target in the stock will be 8025, 8197, 8360 and 8539. Stop loss in the stock should be maintained at Closing below 6661. 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.
NSE:TATAELXSILong
by Happy_Candles_Investment
Texmo Pipes looks like investment types..Texmo Pipes and Products Limited is engaged in manufacturing and trading of PVC, HDPE, SWR, Sprinkler, Drip, CPVC Pipes and Fittings. Texmo Pipes and Products Limited CMP is 78.13. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are PE higher than Industry (PE=95.9), Declining Net Cash Flow and Decline in Quarterly Net Profit. Entry can be taken after closing above 80.25. Targets in the stock will be 86, 92 and 99. The long-term target in the stock will be 108. Stop loss in the stock should be maintained at Closing below 66. 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.
NSE:TEXMOPIPESLong
by Happy_Candles_Investment
S&P 500 Daily Chart Analysis For Week of Aug 23, 2024Technical Analysis and Outlook: Throughout the current week's trading session, the S&P 500 Index has demonstrated notable resilience, surpassing the Mean Resistance level of 5564 and positioning itself beneath the attained Inner Index Rally at 5666. The prevailing price action indicates a sustained upward momentum aimed at retesting the completed Interim Index Rally at 5666, with an eye on the subsequent upside objectives represented by the Inner Index Rally at 5745 and the ultimate Outer Index Rally at 5840. It is important to note that the attainment of these targets is likely to prompt a selling price action.
SP:SPX
by TradeSelecter
SWING IDEA - BOMBAY BURMAH TRADING CORPBombay Burmah Trading Corporation , a diversified company with interests in tea, coffee, and other sectors, is showing technical signals that suggest a promising swing trading opportunity. Reasons are listed below : 1850 Resistance Breakout : The 1850 level has been a significant resistance zone, tested multiple times. The price has finally broken through this level and closed at a new all-time high, indicating strong bullish momentum. Bullish Marubozu Candle on Weekly Timeframe : The recent formation of a bullish marubozu candle on the weekly chart indicates strong buying pressure and suggests potential for further upward movement. Trading Above 50 and 200 EMA : The stock is trading above both the 50-day and 200-day exponential moving averages (EMA), reinforcing the bullish sentiment and providing strong support levels. Sudden Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains. Target - 2600 // 3000 Stoploss - weekly close below 1690 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:BBTCLong
by Visionary_Growth_Insights
4
SWING IDEA - ASIAN PAINTSAsian Paints , one of India's largest paint companies, is showing promising technical signals for a potential swing trade. Reasons are listed below: 3000 Zone as Previous Resistance : The 3000 level was a significant resistance zone that the price has now broken and retested, indicating a strong bullish sentiment. Dragonfly Doji on Daily Timeframe : The formation of a dragonfly doji on the daily chart suggests a potential reversal to the upside after testing support, reflecting strong buying interest at lower levels. 50 and 200 EMA Support on Daily Timeframe : The stock is trading above both the 50 and 200-day exponential moving averages, which serve as strong support levels, reinforcing the bullish outlook. Break of 6-Month Consolidation : The stock has broken out of a 6-month consolidation phase, signaling the potential for a new uptrend and increased momentum. Bounce Back from Golden Zone : The stock has bounced back from the golden Fibonacci retracement zone (0.618 level), which often acts as a strong support and suggests a continuation of the uptrend. Target - 3185 // 3420 Stoploss - daily close below 2950 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:ASIANPAINTLong
by Visionary_Growth_Insights
AMZN - Weekly Bearish SignsNASDAQ:AMZN ’s recent price action suggests that the stock may be poised for a further decline. After reaching the top of the long-term channel, Amazon’s price has pulled back and is now facing renewed selling pressure. This technical setup aligns with broader market concerns, particularly in light of recent economic data. The rise in unemployment claims and disappointing PMI data signal growing economic uncertainty, which could weigh on consumer spending and, by extension, Amazon’s revenue. As the market digests this data, the technical weakness in Amazon’s chart could be a precursor to a more significant downturn, especially if economic conditions continue to deteriorate.
NASDAQ:AMZNShort
by Sober_Trading
Dow30 - US30 Faces DownturnBLACKBULL:US30 has returned to a crucial resistance zone, which aligns with a bearish technical setup. After the recent decline, this move back to the resistance suggests that a further drop may be imminent, especially if the index fails to break above this zone. The pattern indicates that TVC:DJI could start its downward trend again following a retest of this level, where sellers are likely to re-enter the market. Fundamentally, the rising unemployment claims in the U.S. have heightened fears of a recession. With more individuals out of work, consumer spending could slow down, which negatively impacts corporate earnings and the broader economy. This situation could exert additional downward pressure on the Dow Jones, making the possibility of a significant decline more likely as investors brace for potential economic contraction.
BLACKBULL:US30Short
by Sober_Trading
PayPal (PYPL): Time to Secure Profits After Hitting New HighsWe’ve noticed that PayPal isn’t getting much attention lately, but since our entry, the stock has surged to a new high, the highest since April 2024. However, amidst the potential hype surrounding PayPal, we must remain focused and closely monitor the chart. The gap from August 2023 has now fully closed, and the RSI is beginning to look concerning. In response, we’ve decided to take some profits off the table and raise our stop-loss to just below the triple EQL at around $56.88. With this new stop-loss and the profits we've secured, we’re protected from potential downturns but still positioned to look for another entry in PayPal. Stay tuned for updates on the next possible setup. ✅
NASDAQ:PYPL
by freeguy_by_wmc
NVIDIA (NVDA): Wave 1 Nearly Complete – New Entry Opportunity?After a break, we’re taking another look at NVIDIA, which is now around $100 — which sounds like a much more attractive level compared to $1100. But it isn't, as in the meantime we witnessed a stock split. We still see more upside for NVIDIA as we believe we are in Wave (5) of the current cycle, if our count is correct. Zooming in, the past surge doesn't need much commentary as it was mostly upward movement without significant corrections. Now, it looks like we’re getting into the intra-wave structure. We expect Wave 1 to finish after one last leg up to complete the five-wave cycle for Wave 1. Afterward, we could look for entry points at the end of Wave 2. If this scenario plays out with the bearish divergence on the RSI, we will update you on how we plan to position ourselves.
NASDAQ:NVDALong
by freeguy_by_wmc
Dell (DELL): About the wild ride - what's next after a 31% pump?No way Dell follows the analysis like this for months 😳 We told you about the wave B at the top, the wave ((ii)) a little lower, and our must-hold zone was just barely tagged—and now it’s pumped 31%... Incredibly accurate, but we didn't enter as this stock is too volatile for us personally. Still, we’re going to monitor it from time to time for you because it remains highly interesting. After the latest surge, we’re expecting a pullback for wave ((ii)). The best case for this pullback would be the golden pocket between the 50% and 61.8% Fibonacci retracement levels. That said, this stock is very volatile, and it could pump even more before coming down to make this essential pullback.
NYSE:DELLLong
by freeguy_by_wmc
4
AMAZON Only a break above the 1D MA50 remains. $240 on sight.Amazon Inc. (AMZN) spent the previous 2 weeks on a very strong recovery of the losses sustained in July - August, in fact those have been the strongest 2-week candles since October 23 - 30 2023. That was the previous bottom of the 2.5 year Channel Up on its Higher Lows trend-line. Even though the stock broke below the 1W MA50 (blue trend-line) for the first time in more than 1 year (May 2023), it managed to hold the long term Support of the 1W MA200 (orange trend-line). As this 1W chart shows, the Higher Lows of this pattern are periodic and cyclical and you can see that clearly with the use of the Sine Waves (also evident on the 1W RSI, the green circle bottoms below its MA). Every time the price broke above the 1D MA50 (red trend-line) following such a Low (3 times) it approached the top of the Channel Up. The first Bullish Leg peaked at +79%, the second at +69%. If this is a progressive sequence, then the third (current) Bullish Leg could be -10% less than the last, i.e. +59%. As a result, the 1D MA50 (which applied high selling pressure this week), is the final Resistance and bullish break-out confirmation the price technically needs before it targets $240.00 (+59% rise). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMZNLong
by TradingShot
BROADCOM The next expansion wave to $285 has begun.Broadcom Inc. (AVGO) has already completed 2 weeks of gains that essentially recovered the majority of the July-led correction. This rebounded not only largely maintained the long-term Channel Up pattern that started on the October 2022 market bottom but also managed to keep the 1W MA50 (blue trend-line) intact. This is an extremely bullish long-term combination as it should technically start the stocks 3rd long-term expansion wave as illustrated on today's 1W chart. As you can see the previous two peaked at +121% and +133% respectively. As a result our new long-term Target as of now is $285.00 (+121% from the recent bottom). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AVGOLong
by TradingShot
1