The price has once again found its support on the highlighted key level where I believe the price will further continue to fall with a clean bearish breakout on the highlighted level. For this to happen, we are required to confirm a bearish breakout first before attempting to do any sell-off. Also on the bigger picture, the price has created a double top...
Even though the price of NVDA has done a bearish breakout on the expanding channel, the price remains under pressure inside a consolidation zone. Here we must wait for the price to confirm another bearish breakout below the lower boundary to validate the bearish projection. Here I am expecting a downward shift back towards the key level held on the bottom.
Here it is very clear that the price of Tesla has once again revisited the daily support identified. Now I am expecting to see a potential reversal based on how the price has reacted over this highlighted zone earlier. Additionally, I have sketched down the price action inside a falling wedge pattern which also supports the bullish projection.
Reasons for bullish bias: - Price bounced from support - Price respected trendline - Swing trade Entry Level(CMP): 12.40 Stop Loss Level: 9.97 Take Profit Level: 15.63
Dominance in AI and Software Solutions: NVIDIA stands out as a leader in software and AI solutions. Its technology is crucial for various applications, including AI training, autonomous driving, and the metaverse. The company’s strong position in these areas provides a solid foundation for growth1. Beat-and-Raise Potential: NVIDIA is expected to deliver a strong...
Due to the significant rise in gold prices, our primary scenario for Wheaton Precious Metals has been invalidated, and we've recharted the entire course for you. We now believe what we're witnessing could be a potential Wave 5 of Wave (3), meaning we're in the overarching Wave (3). This wave should reach at least 88 Canadian dollars, stretching potentially above...
Short Term Trading Advice by Naranj Capital Buy Marathon Petroleum ● Buy Range- 200 - 204 ● Target- 214 - 216 ● StopLoss- 194 ● Potential Return- 5-6% ● Duration- 12-14 Trading Days
Reasons for bullish bias: - Price bounced from support - Bullish divergence - Strong bullish candles Entry Level(CMP): 20.02 Stop Loss Level: 18.56 Take Profit Level 1: 21.48 Take Profit Level 2: Open
Reasons for bullish bias: - Entry is at breakout of HH - DOW theory, SL at last HL - Divergence is there, but entry is at breakout so let's see Entry Level(Buy stop): 158.62 Stop Loss Level: 134.44
Reasons for bullish bias: - Price moving in strong bull trend, if the price crosses 165.72 level, it will further confirm our analysis - basic DOW theory, safe play with trend Entry Level(buy stop) :165.72 Stop Loss Level: 141.43 Take Profit Level 1: 190.01
(1) We have witnessed a sharp fall from 29,500 level in Feb’20. This was almost 38% fall from the top. Market had gone in a oversold zone. (2) Around 18,300 level, price found a support and bounced back from this level. (3) With an upside rally, price managed to breakout its previous resistance. (4) After the breakout, we have seen a sharp upside rally further...
(1) In hourly time frame, we can observe that the price was moving through a parallel channel in upward direction. (2) From upside, 18,400 level is performing as a strong resistance and the price couldn’t sustain above this level. (3) 17,800 level is an immediate support for the price as the price has taken support in here for multiple times. (4) Recently with...
Short Term Trading Advice by Naranj Capital Buy Qualcomm ● Buy Range- 168 - 171 ● Target- 179 - 181 ● StopLoss- 163 ● Potential Return- 5-6% ● Duration- 14-15 Trading Days
Short Term Trading Advice by Naranj Capital Buy Murphy USA ● Buy Range- 420 - 426 ● Target- 446 - 450 ● StopLoss- 410 ● Potential Return- 5-6% ● Duration- 14-15 Trading Days
Reasons for bullish bias: - HH breakout - Price has bounced from strong support - Strong bullish divergence Entry Level(CMP): 26.52 Stop Loss Level: 23.66 Take Profit Level 1: 28.08 Take Profit Level 2: Open
🔍 Analysis: Strategic Focus: Carrier Global Corporation (CARR) is concentrating on its core operations by divesting its Commercial Refrigeration and Fire & Security businesses after acquiring Viessmann. This move aims to expand its presence in food retail refrigeration. Asset Optimization: Carrier sold its Industrial Fire division to Sentinel Capital Partners for...
NTST broke the descending trend line/2D SMMA that was holding the price since August 2021, and retested it forming a daily bullish engulfing. I will become even more bullish if the NTST price confirms above $19. That setup could give good gains in the medium term.
Reasons for bullish bias: - Entry at HH breakout - Basic DOW Here are the recommended trading levels: Entry Level(CMP): 61.18 Stop Loss Level: 59.54 Take Profit Level 1: 62.82 Take Profit Level 2: Open