IDFC First BankPut this Bank's Swing Trade in your Watchlist Guys!
It's Price has a Significant potential to Hit Century again ;)
Trendlineanalysis
Advanced Trendline Trading TechniquesCheck out these advanced trendline trading techniques for NZDJPY.
If you're seeking a counter-trend trading opportunity, watch out for a Magic Candle Confirmation (MCC) on the Bearish Trendline.
This will signal an entry point for a short trade.
Once the pair touches the next trendline, consider shifting your stop to entry and decide whether it's a satisfactory point to exit the trade.
What's your trade plan for NZDJPY? Share your thoughts!
Bajaj Finance - Next move?Bajaj Finance is a company of the prestigious Bajaj group and it currently trading at a PE value of 33.7 which is way below its Median PE of 46.9. It has a good profit growth of 35.8% CAGR over the last 5 years and it has increased its profits by approximately 11 times in the last 7 years. The stock should be held till around next March for good returns.
This analysis is just for educational purpose.
Please do your own retrospective study before investing.
Bitcoin analysisThere are two scenarios for Bitcoin in the short term :
1 - Bitcoin can start a downward movement from 47k area to the bottom of the descending channel which is around 38k-39k
2 - or stabilize its position above 47100 and move towards the top of the ascending channel which is around 50k
The most important area is 45600 which is the midline of the ascending channel if bitcoin can stabilize below the midline first scenario will be reachable
Consistent Uptrend Momentum!The candlestick indicates a price fluctuating between consistent highs and lows as indicated by the resistance and support channel whereas the channel benefits as a guideline to predict price peaks and troughs. The price is within the lower channel and provides a buying opportunity.
From the previous trades, there was no significant result in volume. Where the volume hasn't yet crossed above the MA line although price action is in place.
MACD and RSI indicate a divergence signal that is aligned with the candlestick uptrend toward the next price resistance.
Let's save WCT in WL and watch out for price action with result in volume crossed above the MA line.
R 0.585
S 0.460
Long BRFSBRF S.A. (NYSE: BRFS), a prominent company in the food production sector , has shown some interesting developments and financial activities recently. Here's a summary of what's going on with BRF S.A.:
1. Stock Performance and Financials: As of January 19, 2024, BRF SA's stock closed at 2.65 USD, which is 14.10% below its 52-week high of 3.09 USD, set on November 29, 2023. The 52-week range of the stock has been between 1.06 USD and 3.09 USD. The company's market capitalization stands at 4.44 billion USD
2. Recent Stock Movements: The company has experienced some fluctuations in its stock price. For instance, on January 17, 2024, the stock price moved over -2.29% to 2.56 USD, and on January 19, 2024, it rose above the 15-day moving average to 2.63 USD
3. Earnings and Revenue: In one of its recent financial reports, BRF S.A. reported GAAP EPS (Earnings Per Share) of -R$1.58 with a revenue of R$12.04B. However, specific details about the latest quarter's earnings weren't available in the sources reviewed
4. Analyst Perspectives: There have been mixed opinions from analysts regarding BRF S.A.'s stock. Some have pointed out the company's significant potential in the food sector, while others have shown concerns related to market volatility and other challenges.
5. Industry Trends: BRF S.A. operates in a dynamic sector where factors like consumer demand, global meat market trends, and food industry developments play a crucial role in shaping the company's performance.
SILVER FUTURES Daily Technical AnalysisSI1! Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Rectangles, Pitchfork, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
Anticipate Imminent Price Dip in BTC 1n 2024 B4 the real pumpI maintain a bearish outlook on both Bitcoin and altcoins. After returning to the $44k range, it appears poised to decline to the $40k to $38k range. I've been anticipating the end of the bull run for a while now, and my stance remains unchanged. Between now and February to April, a retest of the $35k range seems probable. Depending on selling pressure, the two months preceding and following the halving could lead to a dump, presenting an opportunity to buy at a lower price. If selling volume increases, hitting $38k is likely. We anticipate revisiting the $40k support level, with the potential to dip down to $38k. For those holding short positions, patience is key. Stay vigilant and avoid being lured by rumors about BTC ETF approval; it could be a setup to trap latecomers to the boom.
Alphabet - Watch The All Time HighHello Traders, welcome to today's analysis of Alphabet.
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Explanation of my video analysis:
In 2011 Alphabet stock broke out of a beautiful triangle continuation pattern and created a rally of more than +800%. This pump was followed by a retracement all the way back to the support trendline of 2011. Alphabet is currently creating a triangle formation and if we see a pullback to the uptrendline which I mentioned in the video analysis, I am looking for potential long setups.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
INTEL Daily Technical AnalysisINTC Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Pitchfork, Fibonacci Retracement, Gap - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
Trend Trading Strategy - Trend Continuation Master the Market Rhythm: Trend Continuation Strategy with Fibonacci Precision
Ready to ride the market waves with confidence? This video unlocks the secrets of a powerful trend continuation strategy, designed to capture momentum and maximize gains.
Here's what you'll discover:
* Identifying the Trend: Learn to spot bullish (higher highs, higher lows) and bearish (lower highs, lower lows) trends like a seasoned pro.
* Support & Resistance: Leverage key price levels where the market reverses, creating exploitable entry points.
* Timeframe Harmony: Start from the bigger picture and zoom in, pinpointing the ideal entry zone on lower timeframes.
* Fibonacci: Harness the power of the 61.8% retracement to identify high-probability trade zones within the trend's ebb and flow.
I'm Bullish. Here's WhyHi Traders,
PLTR is oversold on the 2HR, 4HR, and daily charts and has nearly completed a corrective wave. This corrective wave is denoted by the yellow ABC pattern (also known as a Zig Zag pattern) in Elliot Wave analysis. The Wave Trend indicator is extremely oversold since the signal is far below the green boundary as shown on the chart. I anticipate PLTR will close the small gap around the $14.96-$15.94 area, which is also a BULLISH demand zone and a trend support zone. I've decided to use this area as an entry zone. Once price is in this area, consider a bullish position targeting $17. If PLTR closes above $17, target $18.64 based on harmonic pattern analysis, which currently indicates a bullish Gartley. Here's my bullish case, strictly using Technical Analysis:
Harmonics
PLTR is showing three bullish harmonic patterns (Gartley, Black Swan, and Anti-Nen Star). I'd like to focus on the gartley pattern, which statistically has a 75% likelihood in reaching T1 ($18.66). In the chart below, you can also see the oversold RSI at a value of 28.74
Price Action
There is a bearish order block around the $14.75 as denoted in the chart below. Bearish traders sold PLTR back in NOV 23, but PLTR didn't decline further in price. Instead, it gapped up, which indicates Bearish traders exhausted their selling power and will likely be eager to close their positions by buying PLTR at this price point, thereby constituting a bullish demand zone.
Trends
Trend resistance is $16.98 with trend support at $14.40 as denoted by the trend lines on the chart below. The 200 period moving average (yellow line) is $14.80, which coincides with trend line support, gap analysis, and price action order blocks. I consider this strong support for now. The 9 period (purple line) 21 period (blue line) moving averages act as resistance (for now) and are $16.74 and $17.31 respectively. Both coincide with trend resistance at $16.98. The chart also shows positive divergence on the VMMACD and MACD indicators.
Trading Plan
I trade options, and while I do own several hundred shares of PLTR, I generate income by selling CALL and PUT options based on the volatility (i.e. price swings) of PLTR. Since I anticipate PLTR is nearing a LOW, I will likely sell several $14 or $15 PUTs option with a 45 DTE (Date Till Expiration) to collect premium. When PLTR reaches my upside targets, I will sell COVERED CALL options (maybe $18 or $19 strikes) to collect premium, because I know that these upside targets act as supply zones (i.e resistance) and price may decline from these areas.
Happy Trading!
The Bullish Case for TESLAOne of the biggest misconception on Tesla is that it is just an Electric Vehicle Company but that is not the case. Tesla is also a Robotics, AI and energy company. If you look at it from that lens, TESLA is undervalued and has a great future!!
TESLA recently bounced off the $212 Support level and believe this is the start of a bullish trend. Targeting the $300 Price point and we may even see $300 by the end of 2024.
For context Elon recently tweeted this on TESLA
"I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can't be overturned.
Unless that is the case, I would prefer to build products outside of Tesla. You don't seem to understand that Tesla is not one startup, but a dozen. Simply look at the delta between what Tesla does and GM. As far as stock ownership itself being enough motivation, fidelity, and other similar stakes to me, why don't they show up for work?"
In this tweet, Elon Musk expresses his desire for greater control over Tesla's direction as the company expands into AI and robotics. He believes that his current 13% stake in the company is not enough to make significant decisions in these areas.
Tesla has a great future and as long as Elon is the captain, this ship will continue to go to mars and beyond. cheers
XAU/USD Short-Term AnalysisHello friends.
Hope yore well.
Lets take a quick look at Gold :
1.we approch a mid-term valid trendline and it can be considered as a pullback to this line.
2.as you can see price bounce from this trendline with a strong engulf candlestick.
3.a short-term trendline breaks too and we saw a pullback to it as well
4.Also we can see a Bullish Divergence in oversold area
5.2030 Support level have seen with overlap with this signs
so gold will rise to the upper band of the longterm Trading range which is about 2060.
Hope this is useful for you.
Have great times.
thanks for reading
EURUSD ExpectationHello traders,
EURUSD has been inside a range since the beginning of the year. It's important to consider a few things:
- The overall structure is bullish.
- Price already took buyers and sellers by liquidating both directions.
- There is also a bigger M15 range that price is respecting.
My expectation is that price will at least mitigate the H4 supply (red zone) even if it wants to continue down. Why? Sellers from Friday are still intact after that impulsive move and they were definitely induced into the market. When/if price mitigates that H4 supply zone, it will have to make a decision. It will either continue higher and follow the Daily structure (I'll be looking for that), or it will start a pullback in order to take out the current buyers.
Slow start of the year for currency traders, nothing out of the norm, we just have to be patient :)
Good trading!
METISUSDTHello dear friends
This is one of the cryptocurrencies that I definitely consider for spot purchases (:
As long as the upward trend line is maintained and the resistance range of $101.75 is consumed, the upward trend can be expected to continue.
What do you think?
SOLUSD approaching 3 month trend support. Move likely soon.Solana is approaching the med-term trend line which is also at the point of a huge symmetrical wedge.
Solana is going to make a BIG move soon. History says trend is your friend so if that holds true look for a test of the top of the channel.
If it breaks through the top of the channel and resistance trendline and closes above on the daily, look for a big move higher, while testing the two previous recent highs.
If the price breaks below the trend on the daily, look for the price test next support area down.
#Solana #SOL #SOLUSD #SOLUSDT
Apple - Watch The TrendlineHello Traders, welcome to today's analysis of Apple.
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Explanation of my video analysis:
Starting all the way back in 2010, Apple created its first major higher timeframe break and retest. For many years we saw the same pattern on Apple stock which was simply a trendline rejection and a horizontal break and retest. With the recent breakout and retest I do expect more continuation towards the upside away from the confluence level I mentioned in the video.
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I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
USDJPY, SHORTUSDJPY price is currently resisted by the DAILY EMA 200 after a fibo retracement on the previous daily candle was done to a 50% discount.
Price is expected to continue decline to retest the 4hr EMA 50 at 143.200 in the medium short term and possibly down to retest the monthly support at 142.00 on the expected decline of the USD index as i predicted.
DXY to continue declineDXY started a recovery from 100.257 from the heavy decline due to the pause in the interest rate hikes back in December 13th, 2023. The index started to recover from 28th December and to 102.723 due to the positive news from the last Friday NFP fundamentals. Price was quickly knocked down by the negative news on the ISMs late Friday.
DXY January candle has done a retracement unto the 61.8%-78.6% (EMA 20) of the December bearish candle. As a result of the retracement on the December candle, the DXY is expected to retest the weekly EMA 200 on the key level 100.500 and as at the ending of last Friday, price was resisted by the weekly resistance.
On the Daily, the DXY index is expected to retest the EMA 200 at 101.706 and subsequently retest the key level 101.500 again.
The important fundamentals this week are mainly the Thursday's Core CPI m/m and the Friday's PP1 m/m where the economists are projecting a negative news for the CPI. We need to keep an eagle eye on the news this week to make informed decisions.
Accumulation Pattern!The price candlestick indicates an accumulation pattern where the price moves in a sideways range for an extended period before attempting to break out the upper line of the price channel. With the result in volume exceeded the MA line.
MACD and RSI indicators indicate a positive momentum and are aligned with the price candlestick.
Let's save MFLOUR in WL and watch out for significant price movement action with results in volume exceeding the MA line.
R 0.700
S 0.620, 0.600
10 Altcoins that are Holding the Line!Traders,
In anticipation of the BTC ETF approval, some altcoins have remained strong and are holding our trendline. I have picked out a few for you to watch if you are so inclined.
