BankNifty 3000+ Points Profit in This MASSIVE Short TradeBankNifty 3000+ Points Profit in This MASSIVE Short Trade
Just look at this beautiful short trade.
No complex technical setup.
No small profit exits.
Neat entry, huge trade with massive 3000+ points profit.
As a trader, this is the the most ideal trade one can dream of!
How has been your trades lately?
Stocksignals
AMD broke above the Lower Highs and confirms a massive rally.It's been a while (August 13, see chart below) since we last looked into the Advanced Micro Devices (AMD), which was a strong long-term buy signal, with the price reacting very favorably, having already started its new Bullish Leg:
Today we take it to the 1D time-frame where where the scale of where the price might be compared to the previous two mega rallies since the October 13 2023 bottom, may be clearer. Remarkably, the last two rallies were both of around +142%. In symmetrical terms we are around the 0.618 Fibonacci level mark where both Bullish Legs had a technical pull-back.
The key bullish development of last week though has been the break above the Lower Highs trend-line, which in line with previous Legs, has been the confirmation of the start of the long-term rally. As a result, we have now validated that the Bearish Leg is behind us and any pull-backs this structure gives, will be buy opportunities.
Our Target is intact at $295.00.
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Microsoft - We Will See A Correction!Microsoft ( NASDAQ:MSFT ) can actually create a correction:
Click chart above to see the detailed analysis👆🏻
Microsoft is one of the strongest stocks over the past decade and also over the past couple of months, there was no clear sign of weakness. Therefore, it is actually not extremely likely that a correction will happen, but if it does, this will offer a long term texbook trading opportunity.
Levels to watch: $420, $350
Keep your long term vision,
Philip (BasicTrading)
COSTCO needs one more Low before it bottoms.Costco (COST) has been trading within a Channel Up pattern since the March 07 High and last week it hit the 1D MA50 (blue trend-line) for the first time since August 09. Even though this is the standard short-term Support level, we expect the price to break it and approach the bottom of the Channel Up where both previous Higher Lows were priced.
Our Target is $1000, just below the 2.0 Fibonacci extension, where the last Higher High was priced.
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HOME DEPOT Consolidation then rally until end of the year.Home Depot (HD) hit our $415.00 long-term Target as called on our previous analysis 5 months ago (April 24, see chart below):
It doesn't show however any signs at all of stopping here as the Channel Up has still significant upside potential before it prices a Higher High on its top. Being on its 2nd Bullish Leg and approaching the 1.236 Fibonacci extension, it is possible to see a minor short-term pull-back and then a more structured rise until the end of the year.
This is at least the pattern that the 1st Bullish Leg of the Channel Up followed and is that helped us pursue the previous ($415) target in the first place. The 1W MACD also shows the strong similarities between the two Bullish Legs.
As a result, our new long-term Target is $460.00 (marginally below the 1.786 Fibonacci extension).
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PALANTIR Sell signal at the top of the 15-month Channel Up.Palantir (PLTR) gave us a solid buy signal 3 months ago (June 24, see chart below) as it respected the recurring bottom sequences within the 15-month Channel Up:
Right now the price has been consolidating after a direct hit at the top (Higher Highs trend-line) of the Channel Up. The 1D RSI got overbought and started pulling-back on a standard Bearish Divergence, a formation which three time within this pattern turned-out to be a solid sell signal.
The dashed Channel Up gives us a short-term Target on its bottom, which is where the 1D MA50 (blue trend-line) is trading at and is the short-term Support. That is our Target currently (Target 1 = 34.50).
If and only if, we close a 1D candle below the 1D MA50, we will open a new sell, as it will be a bearish break-out signal. In that case, we will target a potential near contact with the 1D MA200 (orange trend-line), which is the long-term Support and where the remarkable buy entries of August 05 and January 31 were provided (Target 2 = 29.50).
Keep in mind that the most optimal buy entry for the long-term (since May 2023) has been given by the 1D RSI and more specifically when it hits its Support Zone. We will continue to place buy long-term buys accordingly.
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TESLA pulling back on Q3 deliveries. Is there a reason to panic?Tesla (TSLA) opened considerably lower today as they announced Q3 deliveries of 463000 units, below the heightened expectations of around 470,000 from the buy-side and just slightly above the consensus estimate of 462,000. Is this a typical market overreaction on data or the start of a stronger correction ahead of the Robotaxi event next week?
Well from a technical standpoint, our thesis on Tesla is well known and hasn't changed since the August 15 update (see chart below), where we called for a $380 target within the long-term Channel Up:
Even on the more short-term 1D time-frame, we can see that the stock is respecting a Channel Up pattern that started on the August 05 bottom and for the past 30 days has been supported by the 4H MA50 (blue trend-line).
The last correction like the one we're having this week, was from August 20 to 28, which then rallied by +30.50%. As a result, the minimum Target now for November is $310.
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ELI LILLY Always a solid buy below its 1D MA50.Eli Lilly (LLY) broke on Friday below its 1D MA50 (blue trend-line) for the first time since August 09. As the stock trades within a long-term Channel Up since the March 01 2023 bottom, every time the price was below the 1D MA50, it didn't stay for long, thus providing the most effective buy entry.
Even though it could dip some more as with July's decline (only such case though out of 6 corrections), as long as the 1D MA200 (orange trend-line) holds, we expect the Channel Up to be extended.
The initial Higher Highs were closer to the 1.5 Fibonacci Channel extension, the last one however was exactly on the 1.0 Fib. As a result, we will take a more conservative Target on that trend-line, thus turning bullish now and aiming at $1100 by the end of the year.
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HINDCOPPER BUY Stock Name - HINDCOPPER
Trade Reason :
Weekly Strong uptrend
Trend Reversed .
Some opportunity are there , Market travel channel Top coming to Bottom Take trade for
conservative Trader.
Aggressive Trader entry Now .
Entry - 323 Rs
Target - 386 Rs
Stoploss - 282 Rs
Expected Return - 19.50 %
Sanofi can ShineSanofi India Ltd. engages in the manufacturing and distribution of pharmaceutical drugs. It focuses on the following therapeutic areas: diabetes, cardiology, consumer healthcare, hospitals, central nervous system, and antihistamines.
Sanofi India Ltd. CMP is 7048.85. The positive aspects of the company are Company with No Debt, Company with Zero Promoter Pledge, Mutual Funds Increased Shareholding over the Past Two Months. The Negative aspects of the company are high Valuation (P.E. = 30.7), Stocks Underperforming their Industry Price Change in the Quarter, Declining profits every quarter for the past 3 quarters and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 7066 Targets in the stock will be 7304 and 7434. The long-term target in the stock will be 7618. Stop loss in the stock should be maintained at Closing below 6679 or 6300 depending on your risk taking ability.
Disclaimer: 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.
LG Balakrishnan & Bros looking upwards L.G. Balakrishnan and Bros Ltd. engages in the manufacture and trade of automotive parts and equipment. It operates through the segments Transmission and Metal Forming. The Transmission segment produces chains, sprockets, tensioners, belts and brake shoes. The Metal Forming segment includes fine blanking, machined components, and wire drawing products.
L.G. Balakrishnan and Bros Ltd. CMP is 1384.80. The positive aspects of the company are cheap Valuation (P.E. = 15.7), Company with Low Debt, Company with Zero Promoter Pledge, MFs increased their shareholding last quarter, Dividend yield greater than sector dividend yield and Strong Performer, Under Radar Stocks. The Negative aspects of the company are MACD Crossover Below Signal Line, Declining profits every quarter for the past 3 quarters, Inefficient use of capital to generate profits and Increasing Trend in Non-Core Income.
Entry can be taken after closing above 1394 Targets in the stock will be 1435, 1464 and 1500. The long-term target in the stock will be 1527 and 1572. Stop loss in the stock should be maintained at Closing below 1330 or 1279 depending on your risk taking ability.
Disclaimer: 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.
Exploring Valkyrie Bitcoin Strategy ETF @BTFExploring the Valkyrie Bitcoin and Ethereum Strategy ETF. Bitcoin ( NASDAQ:BTF ).. strong monthly imbalance in control playing our with BTC cryptocurrency currently attempting to break its all-time high again, with a monthly demand level also in control. Long term investment opportunity. Both Bitcoin and Ethereum are trending upwards and have a significant monthly demand level in control, contributing to the rise of these cryptocurrencies and the
ROCKET LAB Time the next pull-back and buy.Exactly 4 months ago (May 29, see chart below) we gave the ultimate long-term buy signal on Rocket Lab (RKLB) when it was trading at $4.39 and eventually not only did it return us +100% profit by hitting our $8.75 Target but even broke above the 2-year Higher Highs trend-line and Resistance 1:
It is now confirmed that the stock has broken into a new Bull Cycle and won't (most likely) continue to follow the accumulation pattern of the previous 2-year Ascending Triangle. This is also evident on the 1D RSI, which is rising on a Channel Up.
In our opinion it will continue the pull-back buy low sequence that started in July. The next key Resistance is the 0.618 Fibonacci, above which we expect the next short-term correction to start. Our intention is to buy again at 9.15 or if we see 2 red 1W candles first.
Our next Target will be 14.50 (the 0.786 Fib).
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C.E. Info Systems Ltd. (Map my India) can be mapped by investorsC.E. Info Systems Ltd. or Map My India engages in the provision of digital map data, navigation, and tracking services. It offers GPS navigation devices, GPS navigation software products, store locators, vehicle tracking products, APIs for Internet or wireless LBS applications, print and digital maps, decision support systems, and utilities products. The firm also operates an internet portal for maps, directions, and local search.
Map my India CMP is 2162.50. The positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge, Annual Net Profits improving for last 2 years and MFs increased their shareholding last quarter. The Negative aspects of the company are High Valuation (P.E. = 85), Stocks Underperforming their Industry Price Change in the Quarter and Declining Net Cash Flow : Companies not able to generate net cash.
Entry can be taken after closing above 2172 Targets in the stock will be 2289, 2395 and 2507. The long-term target in the stock will be 2631, 2688 and 2746. Stop loss in the stock should be maintained at Closing below 2030 or 1970 depending upon your risk taking ability.
Disclaimer: 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.
Atul looking attractiveAtul Ltd. engages in the manufacture and marketing of chemical products. It operates through the following segments: Life Science Chemicals, Performance and Other Chemicals, and Others. The Life Science Chemicals segment consists of active pharmaceutical ingredients (API), API intermediates, fungicides, and herbicides. The Performance and Other Chemicals segment includes adhesion promoters, bulk chemicals, epoxy resins and hardeners, intermediates, perfumery, and textile dyes. The Others segment offers agribiotech, food products, and services.
Atul Ltd. CMP is 7665.70. The positive aspects of the company are Company with Low Debt, Stocks Outperforming their Industry Price Change in the Quarter, Increasing Revenue every quarter for the past 2 quarters and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are High Valuation (P.E. = 68.1), High promoter stock pledges, MFs decreased their shareholding last quarter, PE higher than Industry PE and Inefficient use of shareholder funds.
Entry can be taken after closing above 7699 Targets in the stock will be 7886 and 8031. The long-term target in the stock will be 8190 and 8515. Stop loss in the stock should be maintained at Closing below 7455 or 6965 depending upon your risk taking ability.
Disclaimer: 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.
EXXON MOBIL Buy signal on the 1D MA200.Exxon Mobil (XOM) has turned sideways since the June 17 Low and yesterday hit and held and 1D MA200 (orange trend-line). Technically this calls for at least a Resistance 1 test on the short-term so we turn bullish, targeting 120.00 (marginally below that level).
If however it turns out that the dominant pattern is indeed now a Channel Up, on the long-term we can see prices as high as the 1.5 Fibonacci extension (131.50), which is where the previous Higher High was priced on April 12 2014.
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