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TESLA Major bullish break-out above July's Lower Highs.Tesla (TSLA) broke today for the first time and even closed the 1D candle above the Lower Highs that started on the July 19 High. After 4 months of the bearish trend of this Falling Wedge pattern, today's move is a major bullish break-out for the long term as it opens the way for testing the All Time High (ATH) by mid 2024. At the same time, the 1D CCI broke above its Lower Highs trend-line, which is always a bullish signal. Also this is the 2nd time that the 0.786 Fibonacci retracement level is tested, which is where both of the previous Lower Highs rejections took place. On the short-term though we can follow the (dotted) Channel Up extension which after holding the 1D MA50 (blue trend-line) - 1D MA200 (orange trend-line) as the Support zone, can technically peak on a +19.80% rise, like the first bullish leg. That falls within the Resistance 1 - Resistance 2 zone. We will pursue the more modest target of 268.85 (Resistance 1). If the price then breaks above Resistance 2 (279.00), we will re-buy and target 299.50 (Resistance 3). ------------------------------------------------------------------------------- ** 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:TSLALong
by TradingShot
2
sugar free Sweetness of Monopoly - Zydus WellnessZydus Wellness Ltd. CMP – 1571.75 (Long Term Investment Idea) (Many Consider It a Portfolio Stock Due to high Monopoly in Sugar Free Market - Close to 90%). Market Capitalization Rs 10,001.4Cr Red Flags:🟥 High Valuation (P.E. = 35.6) MFs are decreasing stake Green Flags:🟩 No debt Low debt Zero promoter pledge FIIs are increasing stake Improving annual net profit Improving cash from operations annual Promoter holding increasing Previous Happy Candles Number – 60/100 New Happy Candles Number – 53/100 X/2 Fresh Entry/ averaging / compounding after closing above 1576 Targets: 1640 and 1668 Long term target: 1708 and 1770 Stop loss: Closing below 1480 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:ZYDUSWELLLong
by Happy_Candles_Investment
Analysis of CVS Stock Trends: A Parabolic Turn on the HorizonFashionable Analysis of CVS Stock Trends: A Parabolic Turn on the Horizon Introduction: In the realm of financial fashion, CVS stock is set to make a stylish entrance with a parabolic turn, showcasing a strong formation on the 4D timeframe. This trend is marked by the elegant falling wedge pattern and the chic double bottom overlapping patterns, following a dose of impactful news related to drug patents. Technical Analysis - CVS Stock: The 4D timeframe reveals the graceful formation of a falling wedge pattern, signifying a poised parabolic turn in CVS stock. This pattern, complemented by double bottom overlapping formations, is a testament to the stock's resilience, especially against the backdrop of recent drug patent news highlighted on CNBC ( www.cnbc.com ). Price Targets and Corrections: The first take profit target stands confidently at $76.78, offering investors a lucrative moment to capitalize on the impending parabolic turn. Following this peak, a correction to approximately $71.07 is expected, providing a brief pause for market adjustments. Strategic Entry and Second Take Profit Target: Wise investors can strategically enter the market around $71.07, anticipating a second take profit target at a stylish $82.44. This forecasted move aligns with the rhythm of the stock's recent patterns, emphasizing the importance of timing in the world of financial fashion. Historical Elegance: Tracing CVS stock's journey since April 2019, a period marking the middle of the pandemic, unveils a remarkable rally. The stock gracefully formed a strong falling wedge pattern on the 4Day timeframe, echoing a sense of resilience and adaptability. The rally continued, reaching its peak around February 01, 2022, before gracefully correcting until October 25, 2023. Future Projections: As the music of the market plays on, further continuation of this trend is expected. The forecasted trajectory anticipates a new level of elegance for CVS stock by the end of 2024, reaching a poised $106.97. This future projection exudes confidence and sets the stage for CVS to make a bold statement in the financial fashion world. In the intricate dance of stocks and patterns, CVS is poised to captivate investors with its upcoming parabolic turn and a tale of resilience, gracefully crafted on the canvas of market trends.
NYSE:CVSLong
by wikitrades
ELI LILLY targeting $705.00 if the 1D MA100 holds.Eli Lilly (LLY) has been on an incredible run ever since our March 01 buy signal (see chart below) that even broke above Channel Up: We have been strong supporters of the company's fundamentals and those are translated into strong technical bullish patters, offering solid buy opportunities. Another such opportunity exists now as the price is trading around the 1D MA50 (blue trend-line) near the bottom of the 2023 Channel Up. As long as the 1D MA100 (green trend-line), which is exactly on the Channel's bottom, holds, we remain bullish, targeting the 2.382 Fibonacci extension (similar to the May 22 High) at $705.00. If the 1D MA100 breaks though, we will take the loss and sell instead targeting the 1D MA200 (orange trend-line) at $500.00 where a stronger buy opportunity exists. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:LLYLong
by TradingShot
Biocon right now is stagnant, still a long term investment idea.Biocon Ltd. CMP – 249.30 (Long Term Investment Idea) (But can be frustratingly slow moving and stagnant) Market Capitalization Rs 29,931Cr Red Flags:🟥 High Valuation (P.E. = 60.1) FIIs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge MFs are increasing stake Improving annual net profit Improving cash from operations annual Previous Happy Candles Number – 53/100 New Happy Candles Number – 58/100 X/2 Fresh Entry/ averaging / compounding after closing above 251 Final Entry 258 Targets: 264 Long term target: 274 Stop loss: Closing below 220 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:BIOCONLong
by Happy_Candles_Investment
PALANTIR Buy opportunities within the Channel Up.Palantir (PLTR) is trading within a 16-month Channel Up and is right now below the 1D MA50 (blue trend-line) and above the Channel's median. Once the 1D RSI hits again the Support Zone, it will be a buy opportunity again (assuming it also hits the Channel's median). The previous Bullish Leg on the median rose by 58.85%. As a result our target will be $25.00. This trade will be invalidated if the price breaks below the 1D MA200 (orange trend-line). In this case, we will wait until the stock approaches the bottom (Higher Lows trend-line) of the Channel Up again. The previous Bullish Leg on the Channel's bottom rose by +136.50%, which is marginally above the $25.00 target. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
PLong
by TradingShot
MMTC trying to gain the lost mojoMMTC Ltd. CMP – 59.95 Market Capitalization Rs 8,992.5Cr Red Flags:🟥 High Valuation (P.E. = 51.7) Green Flags:🟩 No debt Zero promoter pledge MFs are increasing stake Improving annual net profit Improving cash from operations annual Previous Happy Candles Number – 36/100 New Happy Candles Number – 81/100 Fresh Entry/ averaging / compounding after closing above 61.81 Targets: 62.10 and 67.25 Long term target: 74.80 Stop loss: Closing below 49.40 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:MMTCLong
by Happy_Candles_Investment
AMD laying path to the All Time High.Advanced Micro Devices (AMD) hit our 133.15 target that we called for a month ago (see chart below): The price is now extending the rise within the multi-month Channel Up, approaching the 0.618 Fibonacci Channel level. This is where the March 23 High was made with the rejection that followed, approaching the 1D MA200 (orange trend-line). As long as the short-term Channel Up (as you see it is a very common pattern within the wider structure) holds, we will be bullish, targeting 160.00 (Fibonacci 0.786 and close to the All Time High). If the short-term Channel Up breaks, we will sell and target the 0.236 Fibonacci and 1D MA200 at 110.00 (or if contact is made higher, then close on that price). ------------------------------------------------------------------------------- ** 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:AMDLong
by TradingShot
Punjab & Sind Bank looking solid as a tank. Punjab & Sind Bank Ltd. is engaged in the Business of Deposits, Loans & Advances and Remittances & Collections. Punjab & Sind Bank Ltd CMP is 44.45. The Negative aspect of the company is moderate valuation (P.E. = 25.7). Company's Positive aspects low debt, zero promoter pledge, MFs are increasing stake, improving annual net profit, Improving cash from operations annual. Entry can be taken after closing above 45.50. Targets in the stock will be 47.25 and 50.70. The long-term target in the stock will be 53+. Stop loss in the stock should be maintained at Closing below 38. 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:PSBLong
by Happy_Candles_Investment
DCM Shriram slowly forming a cup and handle pattern. DCM Shriram Ltd. is a diversified company with business in Agri, chemicals, plastics, cement, textiles and energy services. DCM Shriram Ltd CMP is 960.15. The Negative aspects of the company are Declining annual net profit, MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, Improving cash from operations annual. Entry can be taken after closing above 969. Targets in the stock will be 1001 and 1045. The long-term target in the stock will be 1094 and 1119. Stop loss in the stock should be maintained at Closing below 923. 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:DCMSHRIRAMLong
by Happy_Candles_Investment
APPLE Technical top at $210.Apple (AAPL) hit on Friday our $195.00 short-term target which we called on our latest November 12 analysis (see chart below): The rally seems far from over as the recent pull-back turned out to be only a Bull Flag pattern, which typically prompts to a continuation of the trend. Being within a long-term Rising Wedge pattern, this pull-back resembles, even on 1D RSI terms, that of March 02, only on weaker strength (reasonably as the sequences get narrower towards the end of the pattern). That first rally of the Wedged peaked just above the 1.382 Fibonacci extension. The current sequence's 1.382 Fib is at $210.00, which falls perfectly at the top (Higher Highs trend-line) of the Rising Wedge, and that is our medium-term target. ------------------------------------------------------------------------------- ** 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:AAPLLong
by TradingShot
📈 Google Analysis - A Conundrum! 🚀Our entry into Google was perfectly timed, thanks to the limit order. Now, we face the challenge after our subordinate 5-wave structure, where we completed Wave 1 with an abrupt Expanded Flat (a, b, c). The question arises: is this already Wave 2, or is it Wave ((a))? Currently, it appears to be a triple correction upward, specifically a Regular Flat. Possibly, there might be a downward correction, perhaps to a Double Bottom around $128, the level of our entry. That would then finalize Wave 2. This scenario is possible, though not definitive. There could be another decline in Google in the coming days before it takes a decisive upward turn. 📈🚀
NASDAQ:GOOGLLong
by stromm_by_wmc
Accelya Solutions is a high dividend paying IT co.Accelya Solution Ltd. CMP – 1390.55 Market Capitalization Rs 2,075.6Cr Red Flags:🟥 MFs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge FIIs are increasing stake Improving annual net profit Improving cash from operations annual Dividend Yield @CMP = 4.67% Previous Happy Candles Number – 60/100 New Happy Candles Number – 60/100 X/2 Fresh Entry/ averaging / compounding after closing above 1417 Final Entry 1439 Targets: 1483, 1513 and 1571 Long term target: 1642 and 1749 Stop loss: Closing below 1339 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:ACCELYALong
by Happy_Candles_Investment
Devyani International trying to capture a market traditionalDevyani International Ltd. is a multi-dimensional comprehensive quick service restaurant (QSR) player in India. The Company is primarily engaged in the business of developing, managing, and running QSR and food courts for brands such as Pizza Hut, KFC, Costa Coffee, Vaango, The Food Street etc., and retail stores of TWG Tea. Devyani International Ltd CMP is 186.75. The Negative aspect of the company is High Valuation (P.E. = 126.9), MFs are decreasing stake, Promoter Holding decreasing. The company's Positive aspects are No debt, zero promoter pledge, FIIs are increasing stake, improving annual net profit, Improving cash from operational activities etc. Entry can be taken after closing above 190. Targets in the stock will be 198 and 213. The long-term target in the stock will be 220. Stop loss in the stock should be maintained at Closing below 174. 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:DEVYANI
by Happy_Candles_Investment
META Is it a BUY again?Meta Platforms (META) hit our $320.00 target after our most recent November 19 call (see char below) following a clear rejection on the Higher Highs trend-line: The stock has since held the 1D MA50 (blue trend-line) as its short-term Support and turned into a buy again. The short-term target is still limited to the Higher Highs trendline and in that sphere of logic, we will target $350 (Target 1). If however Support 1 (313.50) breaks, we might see another almost -16% decline, similar to the previous two bearish legs since July 28, which can test the 1D MA200 (orange trend-line). That will be the strongest buy opportunity on the medium-term and we will target again the Higher Highs trend-line at $360 (Target 2). Any candle closing above the Higher Highs trend-line will be an automatic bullish break-out signal, targeting straight the All Time High at $384.50. ------------------------------------------------------------------------------- ** 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:METALong
by TradingShot
1
COCA COLA preparing a final rally to $62.00The Coca-Cola Company (KO) is trading within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) following the October 06 market bottom, the lowest level it's been since March 25 2021. This rally since the bottom is technically the (e) - (f) bullish wave of the symmetrical pattern that the stock traded in from April 25 2022 to December 14 2022. Both are Bearish Megaphone patterns with underlying common characteristic, the Lower Highs Zone, which effectively keeps KO still within the Bear Cycle that started on the April 25 2022 All Time High (ATH). With the 1D RSI backing up the pragmatic correlation that the wave-length has one more extension to give, we remain bullish on Coca-Cola, targeting $62.00, which is marginally below both the bottom of the Lower Highs zone as well as the 0.936 Fibonacci retracement level, which is the symmetrical level where the December 14 2022 Lower High was priced at. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:KOLong
by TradingShot
Tata Chemicals can be slow but is looking solid.Tata Chemicals Ltd. CMP – 1011.90 (Long Term Investment Idea) Market Capitalization Rs 25,778.8Cr Red Flags:🟥 FIIs are decreasing stake MFs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge Improving annual net profit Improving cash from operations annual Dividend Yield @CMP = 1.78% Previous Happy Candles Number – 87/100 New Happy Candles Number – 79/100 Fresh Entry/ averaging / compounding after closing above 1031 Targets: 1063 and 1084. Long term target: 1108+. Stop loss: Closing below 935. 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:TATACHEMLong
by Happy_Candles_Investment
SNAP The best short on the market.Snap Inc (SNAP) has been on an incredible rise since practically October 26, which was straight after the bottom on the Higher Lows trend-line of the 1-year Bullish Megaphone pattern. Technically that is the pattern's 4th bullish leg towards its top (Higher Highs trend-line). The price is very close to that level, which is also where the 1W MA100 (red trend-line) is waiting. That is a trend-line that has been untouched for almost two years (January 04 2022). Obviously it is a major Resistance and coupled with the fact that the 1D RSI, besides touching its Higher Highs trend-line, is on the highest overbought level in three years (Oct 23 2020), makes a case for one of the strongest sell stock picks in the market. All of the Megaphone's Higher Highs rejections have pulled-back to at least the 0.5 Fibonacci retracement level before a bounce. As a result, as long as we close the 1W candles below the 1W MA100, we are shorting Snap, targeting 12.00 (slightly above the 0.5 Fib). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:SNAPShort
by TradingShot
4
Sona BLW Precision can be a good decision. Sona BLW Precision Forging Ltd. CMP – 578.75 Market Capitalization Rs 33,940.3Cr Red Flags:🟥 High Valuation (P.E. = 73.3) MFs are decreasing stake Green Flags:🟩 No debt Zero promoter pledge FIIs are increasing stake Improving annual net profit Improving cash from operations annual Previous Happy Candles Number – 57/100 New Happy Candles Number – 70/100 Fresh Entry/ averaging / compounding after closing above 582 Targets:604 and 626 Long term target: 663 Stop loss: Closing below 540 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:SONACOMS
by Happy_Candles_Investment
SPOTIFY Buy opportunity on the 4H MA50.Spotify (SPOT) opened considerably higher yesterday but almost closed the 1D candle flat as it couldn't diverge more from the general bearish market sentiment. Clearly this opening jump indicates the stock bias to continue the bullish leg of the Channel Up that started on October 23, but a small pull-back along the majority of the market is probable, which can serve as a more comfortable buy entry for a rally to the end of the year. Based on the 1D CCI, we may be in a similar situation as February's temporary top, which pulled back and only found support on the 4H MA50 (red trend-line). As a result we are looking for a new buy on the 4H MA50 in order to target the 0.786 Fibonacci level at 208.00. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:SPOT
by TradingShot
MICROSOFT The 1D MA50 will be the buy opportunity for Xmas.Microsoft (MSFT) is trading inside a Double Channel Up pattern, with the longer term one (blue) starting on the January 06 bottom while the shorter term one (dotted) starting on the September 14 High. The latter Channel Up can be seen with the same structure earlier within the long-term Channel Up as well. It started after the stock pulled back and hit the 1D MA50 (blue trend-line), which provided a strong rebound. The same kind of 1D MA50 test took place on October 26, which initiated the current bullish leg (November). As the 1D RSI is posting a Bearish Divergence (Channel Down) simiarl to March 17 - April 12 and the 1D MACD completing a Bearish Cross, we expect one final pull-back towards the 1D MA50. That can be the ideal buy entry for the end-of-the-year rally. Our long-term target is always $460, representing a +43.50% rise from the 1D MA50 bounce (similar to March 13). ------------------------------------------------------------------------------- ** 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:MSFT
by TradingShot
1