Corcept Therapeutics is making waves in the booming U.S. biotech scene, with its stock surging 46.2% over the past six months. The company, known for its Cushing's syndrome drug, Korlym, reported a staggering 39.1% year-over-year sales increase, reaching $310.6 million in H1 2024. With a market cap of $4.42 billion, Corcept is actively developing new treatments...
Current Resistance Level: Tesla’s stock (TSLA) is currently testing a key resistance level. Breakout Scenario: If TSLA breaks above this resistance, it could indicate a bullish breakout, suggesting more upside potential. Next Resistance Target: Once the breakout is confirmed, the price could aim for the next resistance level as the target. Confirmation: Wait...
The EdTech revolution is progressing rapidly! As technology advances, internet access grows swiftly, and students seek innovative learning methods, the global EdTech market is flourishing. North America currently holds a significant 37.3% share, but regions such as the Middle East and Africa, Europe, and Asia-Pacific are gaining ground, fueled by government...
Short Term Trading Advice by Naranj Capital Buy MercadoLibre ● Buy Range- 2000 - 2030 ● Target- 2120 - 2150 ● StopLoss- 1950 ● Potential Return- 5-6% ● Duration- 12-14 Trading Days
Short Term Trading Advice by Naranj Capital Buy Sherwin-Williams ● Buy Range- 366 - 371 ● Target- 385 - 390 ● StopLoss- 360 ● Potential Return- 5-6% ● Duration- 14-15 Trading Days
Short Term Trading Advice by Naranj Capital Buy Cintas Corporation ● Buy Range- 807 - 815 ● Target- 845 - 850 ● StopLoss- 790 ● Potential Return- 4-5% ● Duration- 14-15 Trading Days
The chart depicts a steady upward trend of the index. After reaching an all-time high close to the 5,670 level, the index saw a significant decline, dropped by nearly 550 points. However, after a recovery, the index once again neared its previous high, but experienced another setback. The emergence of a Double Top pattern, along with a clear RSI divergence,...
ABOUT COMPANIES Northrop Grumman NYSE:NOC excels in advanced aircraft systems, divided into four main areas: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. Aeronautics Systems designs and manufactures cutting-edge aircraft for the U.S. military and global clients. Defense Systems integrates battle management and weaponry, while...
Short Term Trading Advice by Naranj Capital Buy Northrop Grumman Corporation ● Buy Range- 503 - 508 ● Target- 527 - 532 ● StopLoss- 495 ● Potential Return- 5-6% ● Duration- 12-14 Trading Days
Health Care Following an extended consolidation phase from December 2021 to August 2024, the healthcare index has developed an Inverted Head & Shoulder pattern. With a recent breakout, the index is now set to experience significant upward momentum. Industrials Similar to the healthcare index, the industrials sector has also established an Inverted...
The aging U.S. population is set to double by 2050, increasing the need for caregivers. Addus HomeCare Corporation, based in Frisco, Texas, provides essential personal care, hospice, and home health services. With a market cap of $2.35 billion, Addus reported $1.115 billion in revenue in June 2024, with a 27% profit increase. The company is debt-free and has major...
The stock experienced an extended period of consolidation, during which it formed several bullish chart patterns, including the Double Bottom and Rounding Bottom. After the price broke above the neckline of the Rounding Bottom, the stock surged to reach an all-time high close to the 237 level. Since then, it has retraced nearly 17%-18%, returned to its support...
Short Term Trading Advice by Naranj Capital Buy Philip Morris International ● Buy Range- 116 - 117 ● Target- 122 - 123 ● StopLoss- 114 ● Potential Return- 4-5% ● Duration- 12-14 Trading Days
Short Term Trading Advice by Naranj Capital Buy Cboe Global Markets ● Buy Range- 200 - 205 ● Target- 215 - 218 ● StopLoss- 196 ● Potential Return- 5-6% ● Duration- 14-15 Trading Days
Short Term Trading Advice by Naranj Capital Buy NVIDIA Corporation ● Buy Range- 111 - 115 ● Target- 125 - 127 ● StopLoss- 107 ● Potential Return- 9-10% ● Duration- 14-15 Trading Days
Short Term Trading Advice by Naranj Capital Buy FTAI Aviation ● Buy Range- 104 - 107 ● Target- 115 - 117 ● StopLoss- 98 ● Potential Return- 7-9% ● Duration- 14-15 Trading Days
The index is clearly demonstrating a strong upward trend, consistently achieving higher highs and higher lows. During this upward movement, it previously established a bullish Pole & Flag pattern, and after breaking out, the index has continued to rise. At present, the index is trading just beneath its next resistance level. If the Dow Jones manage to break...
After the market crash in March 2020, the stock price stabilized around the 110 level and began to rise. This upswing drove the price to an impressive high near 350, reaching an all-time peak. During this phase, a Rising Wedge pattern formed, and following a subsequent breakdown, the stock underwent a significant correction, returned to its previous support...