BLACKBULL:US30 has returned to a crucial resistance zone, which aligns with a bearish technical setup. After the recent decline, this move back to the resistance suggests that a further drop may be imminent, especially if the index fails to break above this zone. The pattern indicates that TVC:DJI could start its downward trend again following a retest of...
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...
Weekly Chart The 100 level has shown to be a significant resistance point for the stock, as it faced multiple rejections at this level. Following these rejections, the stock entered a significant consolidation phase, which led to the formation of a Symmetrical Triangle pattern. After breaking out of this formation, the stock price soared, reaching a peak...
The Dow Jones Industrial Average (DJIA) is currently facing significant bearish pressure, as indicated by recent market trends and technical analysis. The support trend line has broken, leading to a notable drop in the index. This break, coupled with a clear pullback, presents an opportune moment for traders to consider short positions with a logical stop...
Please watch this video to learn my viewpoint on where real opportunities exist for traders. For many months, I've suggested that the US markets could double or triple over the next 5 to 7+ years. Some people laugh at my expectations, but others seem to "get it." In this video, I try to explain why my expectations are valid and why I believe the "crash-dummies"...
Alnylam Pharmaceuticals The stock price has encountered several rejections around the 212 level, leading to subsequent corrections. After establishing a Double Bottom pattern, the price attempted to reverse the downward trend but was unable to do so, facing rejection at the 200 level. Consequently, the stock underwent another correction. Following this, the...
The most important index for the reflection of the American Stocks market is the SP:SPX , so let's start with it. Unfortunately, now the chart of this index is not rich in models, so the current logic of movements in our opinion is described by the EXP model from July 30 on the daily timeframe👇 As long as the price is below the 4-point level (5 390.95), the...
S&P 500 After the Cup & Handle pattern breakout, the market surged to nearly 5,670, setting a new record high. Since then, the index has been on a downward trend for the last three weeks, forming the Three Black Crows chart pattern, signaling a bearish outlook. With the current market conditions, it is expected that potential support will be around the...
Short Term Trading Advice by Naranj Capital Buy First Bank ● Buy Range- 14.5 - 14.85 ● Target- 15.6 - 16 ● StopLoss- 14.2 ● Potential Return- 5-8% ● Duration- 12-14 Trading Days
Short Term Trading Advice by Naranj Capital Buy Vertex Pharmaceuticals ● Buy Range- 475 - 480 ● Target- 500 - 505 ● StopLoss- 460 ● Potential Return- 5-6% ● Duration- 12-14 Trading Days
Short Term Trading Advice by Naranj Capital Buy Coca-Cola ● Buy Range- 63 - 63.5 ● Target- 66 - 66.5 ● StopLoss- 62 ● Potential Return- 4-5% ● Duration- 12-14 Trading Days
Baker Hughes Company The stock was earlier caught in a prolonged consolidation phase, during which it established an Inverted Head & Shoulder pattern. After the breakout, the price experienced a sharp rise but underwent a correction following the formation of a Double Bottom pattern. Subsequently, the stock entered another period of consolidation, gradually...
Nasdaq Banks The bank index has been on a rollercoaster ride, witnessing numerous price fluctuations. Following the breakout of the double bottom pattern, the index surged and formed a Rising Wedge pattern. However, once the pattern broke downwards, the bank index experienced a significant decline. Upon hitting a support level around 2,650, the index...
TESLA is in downtrend since july 2023. Currently the price has given the breakout from falling wedge with bullish div and now seems like the bulls are getting ready for some strong upside movement. If the market continue to trend higher , the next optimum target could be 215-217 followed by 238-241.
NASDAQ After a powerful uptrend, the stock encountered a significant resistance around the 72 level and plummeted sharply thereafter. Finding stability near the 47 level, the price surged within a Rising Wedge formation. Typically, following the appearance of this pattern, a decline occurs post-breakout. This scenario unfolded exactly as expected. ...
Short Term Trading Advice by Naranj Capital Buy Sprouts Farmers Market ● Buy Range- 78.5 - 80 ● Target- 84 - 85 ● StopLoss- 75.8 ● Potential Return- 5-6% ● Duration- 12-14 Trading Days
Short Term Trading Advice by Naranj Capital Buy MakeMyTrip ● Buy Range- 79.5 - 81 ● Target- 88 - 90 ● StopLoss- 74 ● Potential Return- 9-11% ● Duration- 14-15 Trading Days