The company is reducing debt. Financials are improving. FIIs have increased stake. Momentum looks good with the stock hitting UC in the last couple of sessions. Head and shoulder pattern on weekly chart looks good, with support on 21 levels Entry - at CMP SL - 20 Target - 34/52
JP Morgan may be almost overbought on its 1M technical outlook (RSI = 69.738, MACD = 14.790, ADX = 37.379) but as you can see on this chart, this is when the stock tends to make a bullish extension instead of a correction. Especially since the 12 year pattern is a Channel Up and is currently on its fourth Bullish Wave of the structure. All prior bullish sequences...
Looks to me like a healthy correction, now bounced of support of the 200 ma line and also previous top and is again above the main support. Nice R/R ration of 2.22
Regrettably, our Tesla trade within the 2-hour timeframe faced an unexpected stop-out. The anticipated completion of Wave 2 hasn't manifested, evident in the broader timeframe. Initially, we presumed it concluded at 50%, specifically at Wave C around $195. This presumption was invalidated post the recent earnings call, signaling a potential double correction....
feb 4/4 /2024 swing trade perfect symmetrical triangle long term opportunity take trade according to own risk this is not call just a analysis.
march 4/ 4/2024 swing trade perfect symmetrical triangle long term opportunity take trade according to own risk this is not call just a analysis.
Trident Uptrend - Go for Buy Trade reason : 1)Take Monthly support 2) Weekly Correction Completed 3) Day trend Reversed Entry - 40.35 Target -60.90 Stoploss - 35 Expected Good Return . Thanks You ..
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
Reasons for bullish bias: - Price bounced from strong support - Entry is at the breakout of the triangle - Targets set till projection Entry Level(Buy Stop): 45.96 Stop Loss Level: 40.21 Take Profit Level 1: 51.71 Take Profit Level 2: 63.19 Take Profit Level 3: Open
Tesla is bearish on all long term timeframes 1D, 1W and 1M. The lowest RSI is on the 1W technical outlook (RSI = 37.118, MACD = -15.730, ADX = 32.394), which is the chart we focus today on. The stock has been inside a Channel Down since the July 2023 High, which was Lower High on the LH trendline that started on the ATH. We have spotted a striking resemblance of...
Johnson & Johnson gives a very clear idea of its trend on the 1M timeframe. The price may be under the 1D MA50 but has reached the bottom of the multi year Channel Up that started at the bottom of the 2008-2009 crisis. Being neutral on the 1M technical outlook (RSI = 45.714, MACD = -1.180, ADX = 20.525) has historically been one of the best buy opportunities, in...
Varroc Engineering Ltd. is a manufacturer and supplier of automotive components. Their product portfolio includes polymer, electrical-electronics, metallic, and lighting systems. The company operates in the Automotive and Others segments. Riding the bullish wave with a stop loss at ₹505 and a straight target set at ₹620. 🎯🚀” Remember, investing in stocks involves...
Navigate the market currents with Birlasoft as your compass. Targeting 860, but anchored by a stop loss at 755, ensure stability while chasing growth. Stay informed, stay confident
Unlock the potential of Varun Beverages as it charts a course towards the target of 1600. With a strategic stop loss at 1360, safeguard your investment while aiming for growth. Stay vigilant, stay profitable
Techmahindra Good Buying zone. 1340 Resistance point wait for candle close above . Consolidate in hour timeframe . Expected Good Target .
Amazon continues its upward trend. At the resistance level of 162.5, if the price cannot break above 162.5, we may see the price retest the strong support zone 145-149 and if the price can hold above 145, expect further growth opportunities. >>Thank you and GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
Walmart is pulling back aggressively on what is a technical correction following deeply overbought RSI levels on the 1W timeframe. The 1D technical outlook has already turned bearish (RSI = 41.808, MACD = 0.470, ADX = 29.295) and is expected to extend towards at least the 1D MA100, as per all prior systemic pullbacks inside a logarithmic Channel Up pattern that...