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INTRADAY ANALYSIS - TATA MOTORSHi Traders, Tata motors is in an uptrend as per 50 SMA in multiple time frames. The price made a higher high confirming a short term uptrend. We have support at 151.20 and 148.70 respectively. We have the golden zone between 146.70 and 144.70. The golden zone is a strong zone as there is price action on the left and is a major key level according to higher time frames. We dont recommend a blind entry at these levels. A chart pattern like double bottom or inverted heads and shoulders forming at these levels in lower time frames like 1m can be considered as a confirmation for entry. The target and stop loss can be placed according to the pattern that gave us the confirmation. For any doubts regarding this trade setup pls comment below. Hitting the like button will be appreciated and follow for more analysis on indian stocks. Happy trading.....
NSE:TATAMOTORSLong
by Hari_krishnan_S_Kumar
AMZN - 11.34% Profit Potential - Ascending TriangleAscending Triangle formed into an Uptrend Corridor and new support confirmed multiple times in the past 3 days. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $3275.86 Suggested Stop Loss $3202.77 Target price $3647.41 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NASDAQ:AMZNLong
by maschera
WYNN - 25.41% Potential Profit - Corridor BreakoutCorridor Breakout graduating from a 2-month correction period. Note that vaccine-related news might make or break this trade, this is why I keep the stop loss fairly tight. However, I feel positive given today's news and the upside could be massive. Target price set at a new potential resistance line. - 3-month uptrend followed by a 2 month correction period that might be over amid positive vaccine news - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $86.84 Suggested Stop Loss $84.59 Target price $110.86 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NASDAQ:WYNNLong
by maschera
HPQ - 15.14% Potential Profit - Ascending TriangleIn order to decrease the risk associated with this trade, I strongly recommend waiting for tomorrow's earnings call: I like to play it safe and decrease unnecessary exposure when possible. A negative price reaction to earnings might invalidate this whole trade. Ascending Triangle with clear uptrend Support. Target price set at a new potential resistance line. - 5-month Uptrend - RSI + Stoch above 50 - MACD above Signal Suggested Entry $18.51 Suggested Stop Loss $17.75 Target price $21.31 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:HPQLong
by maschera
EXPE - 14.97% Potential Profit - Ascending TriangleAscending Triangle formed into an Uptrend Corridor and new support confirmed multiple times on the 5-min chart on 25th Aug. About the entry, you have two options. Chasing the price entering with a Buy Stop order or waiting for a better entry with a Buy Limit. It comes down to your appetite for risk and current trade situation - I will most likely go ahead with a safer Limit order. Note that the success of this trade highly depends on COVID19-related news, and to AZN's vaccine development. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $96.86 (Stop) or $95.72 (Limit) Suggested Stop Loss $92.42 Target price $111.36 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NASDAQ:EXPELong
by maschera
SHAK - 28.45% Profit Potential - Bullish PennantBullish Pennant formed out of a price correction that interrupted a 5-month uptrend. Positive COVID vaccine news will act in our favor. Target price set at corridor resistance line bounce (May and Jun points). Note that I have set a very tight stop loss (right below today's VWAP) because I have a few trades going on. However, given the upside, you might want to consider giving the Stop Loss a bit more breathing. - Strong Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $59.16 Suggested Stop Loss $57.65 Target price $76.36 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:SHAKLong
by maschera
SNAP - 18.81% Potential Profit - Descending TriangleThis will most likely be a short-term play. Descending Triangle formed after a 4-month rally. Resistance confirmed multiple times yesterday on the 5-min chart. We have two targets, set at a new potential support line. - 1-Month Downtrend - RSI and STOCH below 50 - MACD below Signal Suggested Entry $20.69 Suggested Stop Loss $21.25 Target price $19.61 + $16.55 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:SNAPShort
by maschera
BABA - 15.21% Potential Profit - Corridor BreakoutClear uptrend Support with a Corridor Breakout forming. Note that we might miss the entry as the price moved to $273.10 pre-market (as we speak) and we are placing a Limit Buy order, rather than chasing momentum. Target price set at a new potential resistance line. - Historical uptrend - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $267.80 (Limit) Suggested Stop Loss $261.70 Target price $310.48 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:BABALong
by maschera
1
V - 11.08% Potential Profit - Corridor BreakoutCorridor Breakout out of a 2-month correction, support confirmed multiple times on the 5 min. Target price set at a new potential resistance line. - Historical uptrend - RSI + Stoch well above 50 - MACD above Signal Suggested Entry $203.08 (Limit) or $205.71 (Stop) Suggested Stop Loss $199.27 Target price $227.91 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:VLong
by maschera
1
STOR - 13.42% Potential Profit - Ascending TriangleAscending Triangle formed into an Uptrend Corridor and new support confirmed multiple times in the past 3 days. For allocation purposes, be mindful that support has been broken on the 20-21th Aug. At the same time, I don't believe this being a reason not to take this trade. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH well above 50 - MACD below Signal Suggested Entry $26.23 Suggested Stop Loss $25.61 Target price $29.75 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
SLong
by maschera
MCHP - 16.08% Potential Profit - Corridor BreakoutCorridor Breakout out of a 3-month price correction. Moderate possibility to hit the uptrend resistance line. Target price set at resistance line bounce. - 3-Month Uptrend before correction - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $110.44 Suggested Stop Loss $106.77 Target price $128.15 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NASDAQ:MCHPLong
by maschera
GOOGL - 7.17% Profit Potential - Ascending TriangleAscending Triangle and new support confirmed multiple times in the past 3 days. Target price set at new historical resistance line bounce. - Historical Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $1592.45 Suggested Stop Loss $1560.3 Target price $1710.71 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NASDAQ:GOOGLLong
by maschera
14
EBAY - 22.14% Potential Profit - Corridor BreakoutCorridor Breakout out of a 1-month price correction. Target price set at resistance line bounce. - Strong Uptrend - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $57.91 Suggested Stop Loss $56.88 Target price $70.80 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NASDAQ:EBAYLong
by maschera
1
As long as BCH remains under 291 we are looking for HL shortsDisclaimer: This is not financial advice In high leverage trading your entry is a matter of life or death, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we fight for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade! Bitcoin Cash looks weak here. We could be forming a giant bull flag that will take a while to break upwards but in the meantime we have broken 2 important weekly pivots so as long as we remain under 291 I'm looking for high leverage shorts. Price reacted to daily support area around 274-278 which is a good sign for bulls however I'm not confident enough to be looking for longs here because downward pressure is stronger right now. Therefore we wait for a retest of 291 or we short a retest of the 274 area should the price break down further. Entry: 291 SL: 296 TP1: 275 TP2: 260 TP3: 244
KRAKEN:BCHUSDShort
by zerobounds
SHOP - 24.86% Potential Profit - Uptrend Corridor BounceUptrend Corridor bounce with target price set at resistance. A very speculative trade with a great risk/reward ratio. However, a trade to approach carefully, despite the attractive potential rewards. - Strong Uptrend - RSI above / STOCH below 50 - MACD below Signal Suggested Entry $1031.17 Suggested Stop Loss $989.53 Target price $1293.48 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
SLong
by maschera
PFE - 10.55% Profit Potential - Bull FlagBull flag formed, out of a bullish pennant breakout. Target price set at new Resistance bounce. - Strong Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $39.03 Suggested Stop Loss $37.77 Target price $43.12 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:PFELong
by maschera
1
ATOM: Bullish short term, waiting $10 for a high leverage shortDisclaimer: This is not financial advice High leverage trading is all about entries, you need to have patience and to not let fear of missing out drive you into opening rushed positions. Map out your trades in advance and wait for the right entry. Our aim is to capture quick & safe profits, not to predict the future, this is possible only if we plan ahead and wait for a good entry. So if you're nervous and itching to open a position then take a few deep breaths and don't trade! I'm looking at ATOM this afternoon, and I have to say this impulse doesn't seem to be over yet so I wouldn't short it here. There is a strong resistance at $9.3 however that should create some headwings and trigger at least a shallow correction back to 7. Overall ATOM looks healthy, it broke the Jun '19-Feb '20 downtrend line and is now on its way to retesting the Sep '19-Feb '20 uptrend line which was broken in February. It is this area that I expect to act as strong resistance, so it is here that I'm looking for a high leveraged short. Entry: 9.4-9.6 SL: 10 TP1: 7.6 TP2: 6.38 TP3: 5.36
BINANCE:ATOMUSDLong
by zerobounds
1
NOW - 8.90% Potential Profit - Bullish PennantUptrend Support with a Bullish Pennant forming within an uptrend corridor. Target price set at Resistance bounce. - 5-month uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $443.09 Suggested Stop Loss $435.17 Target price $482.50 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:NOWLong
by maschera
CRM - 10.18% Potential Profit - Uptrend CorridorStrong level of support, confirmed multiple times over the past 5 months in an uptrend corridor. Price bouncing on the support line. - Historical Uptrend - RSI + Stoch (NA) - MACD (NA) Suggested Entry $193.73 Suggested Stop Loss $214.69 Target price $189.47 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:CRMLong
by maschera
NVDA - 7.01% Potential Profit - Breakout + Bull FlagBe careful, this is an earning play. I don't usually trade on earning days, however, I have good reasons to believe that NVDA's call will be positive today. This, however, doesn't necessarily predict a good outcome. Be careful. Bull flag formed, past a corridor breakout. Target price set at new Resistance bounce. - Strong Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $492.07 Suggested Stop Loss $475.24 Target price $527.19 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NASDAQ:NVDALong
by maschera
TECK - 8.06% Potential Profit - Corridor BreakoutCorridor breakout. New support confirmed multiple times yesterday. Target price set at new Resistance bounce. - 5-month uptrend with a 2-month correction - RSI and STOCH above 50 - MACD above Signal Suggested Entry $12.01 Suggested Stop Loss $11.72 Target price $12.85 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
NYSE:TECKLong
by maschera