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EUR/USD Daily Chart Analysis For Week of Aug 23, 2024Technical Analysis and Outlook: The Eurodollar showed strong upward momentum throughout this week's trading session. It reached our Key Resistance at 1.111 and completed the Inner Currency Rally at 1.112. Further buying pressure pushed the price to complete an extended Inner Currency Rally at 1.120, with the potential to reach the completed Outer Currency Rally at 1.124. Conversely, selling pressure at the current level could drive the price down to our Support level of 1.111.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 23, 2024Technical Analysis and Outlook: Bitcoin has surpassed our Mean Resistance of 61700 and completed Interim Coin Rally 62200, finishing extended Interim Coin Rally 64900. Presently, the coin is positioned for further upward movement with a primary target of 68500 and a retest of our completed Main Inner Coin Rally 73200. The selling pressure at this level may cause the coin's price to decline toward the Mean Support level of 56600, possibly extending to the Mean Support level of 60300.
BITSTAMP:BTCUSD
by TradeSelecter
Snowflake (SNOW): Potential Bullish Flip on the Horizon?In our last analysis on Snowflake, we were focused around the MOAT level, which was lost after the analysis. However, we respected the HVN edge low quite well, and since then, we haven't seen any significant new lows. If Snowflake can hold its current level and avoid retesting lower zones, we could potentially see a flip in the market structure toward a bullish trend. If this scenario plays out, we’ll be actively looking for long setups for SNOW. We'll keep you informed on whether this bullish scenario materializes or if lower prices prevail.
NYSE:SNOW
by freeguy_by_wmc
PayPal (PYPL): Time to Secure Profits After Hitting New HighsWe’ve noticed that PayPal isn’t getting much attention lately, but since our entry, the stock has surged to a new high, the highest since April 2024. However, amidst the potential hype surrounding PayPal, we must remain focused and closely monitor the chart. The gap from August 2023 has now fully closed, and the RSI is beginning to look concerning. In response, we’ve decided to take some profits off the table and raise our stop-loss to just below the triple EQL at around $56.88. With this new stop-loss and the profits we've secured, we’re protected from potential downturns but still positioned to look for another entry in PayPal. Stay tuned for updates on the next possible setup. ✅
NASDAQ:PYPL
by freeguy_by_wmc
NVIDIA (NVDA): Wave 1 Nearly Complete – New Entry Opportunity?After a break, we’re taking another look at NVIDIA, which is now around $100 — which sounds like a much more attractive level compared to $1100. But it isn't, as in the meantime we witnessed a stock split. We still see more upside for NVIDIA as we believe we are in Wave (5) of the current cycle, if our count is correct. Zooming in, the past surge doesn't need much commentary as it was mostly upward movement without significant corrections. Now, it looks like we’re getting into the intra-wave structure. We expect Wave 1 to finish after one last leg up to complete the five-wave cycle for Wave 1. Afterward, we could look for entry points at the end of Wave 2. If this scenario plays out with the bearish divergence on the RSI, we will update you on how we plan to position ourselves.
NASDAQ:NVDALong
by freeguy_by_wmc
Dell (DELL): About the wild ride - what's next after a 31% pump?No way Dell follows the analysis like this for months 😳 We told you about the wave B at the top, the wave ((ii)) a little lower, and our must-hold zone was just barely tagged—and now it’s pumped 31%... Incredibly accurate, but we didn't enter as this stock is too volatile for us personally. Still, we’re going to monitor it from time to time for you because it remains highly interesting. After the latest surge, we’re expecting a pullback for wave ((ii)). The best case for this pullback would be the golden pocket between the 50% and 61.8% Fibonacci retracement levels. That said, this stock is very volatile, and it could pump even more before coming down to make this essential pullback.
NYSE:DELLLong
by freeguy_by_wmc
4
Coinbase (COIN): Anticipating the Next Big MoveNearly five months ago, we shared our last analysis on Coinbase, predicting a 30-40% drop. And guess what? We saw a 40% decline. At that time, many were bullish on COIN and the broader crypto market, but we opted to wait and watch. In hindsight, this cautious approach was clearly the right move, especially given the higher time frame of our analysis. Since then, we've climbed out of that zone, and everything seems to be progressing well. We're now looking for a 5-wave structure to the upside to complete Wave 5 and, consequently, the first cycle. Our target range for COIN lies somewhere between $286 and $412, but we believe the most likely range is between $290 and $325. Currently, we have some swing positions open in cryptos, and we're not looking to enter Coinbase at this moment. However, either in the near or distant future, we plan to make a move. Specifically, our target for the big Wave (2) is the imbalance between $160 and $115, but it’s still a long journey before we reach those levels.
NASDAQ:COINLong
by freeguy_by_wmc
ALKYLAMINE is Reacting & Showing Change in Structure & STORYNSE:ALKYLAMINE ............................................................................................................................................................................................................................................ TURN-AROUND STORY IS IN PROGRES IN TERMS OF PRODUCTION FACILITY AND SUSTAINABLE PRODUCT WHICH WILL BE ABLE COMPETE CHINESE COMPATETORS ............................................................................................................................................................................................................................................ Company has reduced debt. Company is almost debt free. Company has a good return on equity (ROE) track record: 3 Years ROE 19.0%. Company has been maintaining a healthy dividend payout of 26.5%. ............................................................................................................................................................................................................................................ Strong financial risk profile and ample liquidity: Networth was healthy at Rs. 1263 crores as on March 31, 2024 (Rs 1165 crore as on March 31, 2023), with nil gearing as on March 31, 2024.The total outside liabilities to adjusted networth (TOL/ANW) ratio though had decreased to 0.25 time as on March 31, 2024 from 0.36 times as on March 31, 2023, and it is expected to improve over the medium term driven by steady accretion to reserves, absence of long term loans and moderate reliance on external debt for working capital and capex. Cash and cash equivalents of Rs 17 crore as on March 31, 2024, provide cushion to overall liquidity. Interest coverage ratio has improved to 60.4 times March 31, 2024. It is expected to remain healthy over the medium term. ............................................................................................................................................................................................................................................
NSE:ALKYLAMINELong
by iism-ExpertTrading
PFOCUS is Focusing on 2008's Multi-Year Long Resistance BreakoutNSE:PFOCUS ............................................................................................................................................. ............................................................................................................................................. Over Last 4 Years ... From Year 2020 to 2024 Promoter Holdings Have Been Increased by +34.93% ...... ............................................................................................................................................. ............................................................................................................................................. Customers PFL caters to players across the entire media industry value chain and the product life cycle of media content. Its major clients include top Hollywood and Indian studios and media companies across the globe: Studios – Warner Bros., Disney, Netflix, etc. Broadcast networks – Bloomberg, Disney, Star, etc. Others – ICC, BCCI, Amazon, etc. ............................................................................................................................................. ............................................................................................................................................. Focus In Creative Services, it aims to expand its global footprint and diversify the business across content formats. It also expects growth in cross-selling through bundled VFX, etc. In Tech/Tech-Enabled Services it aims to sign more strategic deals and increase revenue from existing clients by offering new modules and analytics. Working on top Hollywood projects One of them is Matrix 4
NSE:PFOCUSLong
by iism-ExpertTrading
MMTC Non Profitable PSU showing MULTI-YEAR BreakoutNSE:MMTC ...................................................................................................................... ...................................................................................................................... As A Research Analyst ... It is Not an Good Practice to Suggest anyone to invest in Non-Profitable and Loss Making Company.... Every Fundamental Numbers are Either Negative or Not-Satisfying ....... but if we See in Terms of Technical Analysis.... MMTC is Showing Long-Multi-Year Breakout.... so Going with Defined Risk... keeping an Decent Percentage of SL ... ...................................................................................................................... ...................................................................................................................... MMTC, a public sector undertaking, was incorporated in 1963, to facilitate foreign trade in India and canalize the export and import of essential minerals and metals. It is under the administrative control of the Ministry of Commerce & Industry, and Government of India and is engaged in trading across minerals, metals, precious metals, agro products, fertilizers & chemicals and coal & hydrocarbons.
NSE:MMTCLong
by iism-ExpertTrading
ADANI WILMAR Showing Breakage in Volume & Structure,NSE:AWL ....................................................................... Not a Adani Lover.... But Some Bussinesses are Considered as White Collar.... Specially when you are aware of the original Product of the company. ............................................................................................................................................. ............................................................................................................................................. Strong recovery in Profitability, after subdued profits in H1 of last year. ➢ Trailing 9-Month EBITDA at INR 1,471 Crore. ➢ Profitability was volatile in FY24 due to hedge dis-alignment. However, profitability is improving over the longer-term. ............................................................................................................................................. ............................................................................................................................................. ▪ Q1 volume growth of 12% YoY ▪ Steady growth in staple packaged foods. Edible oils grew by 12% YoY and Foods & FMCG grew by 42% YoY ▪ In Industry essential segment, both Oleo and Castor business grew in double digits, though overall volume impacted due to oil meal business ▪ Q1 revenue at INR 14,169 crores ▪ Revenue grew by 10% YoY in-line with volume growth as lapping of disinflationary impact of edible oil prices on revenue is complete ▪ Highest-ever EBITDA in Q1‘25 at INR 619 crores ▪ Edible oil business profitability has improved on back of stable edible oil prices ▪ Demand Environment (branded oil and foods) ▪ Demand environment stays steady in packaged staple foods on back of ongoing shift towards branded products ▪ Company stays focused on gaining market share, particularly in under-indexed markets & categories ▪ Incorporating local nuances to enhance regional engagement through customized campaigns, specialized packaging, localized pricing strategies, targeted schemes ▪ ESG Update ▪ Adani Wilmar has been included in FTSE4Good Index Series ▪ Company is committed to improve its processes for ESG performance, enhance disclosures and participate in key ESG ratings ............................................................................................................................................. ............................................................................................................................................. Key Takeaways: Q1’25 ▪ Overall volumes grew by 12% YoY in Q1’25 ▪ Edible Oil volumes surpasses 1 Million MT in Q1’25 ▪ Food & FMCG crossed quarterly revenue of ~INR 1,500 Crores in Q1’25 ▪ Edible Oil: ▪ Edible Oil volumes grew by 12% YoY in Q1’25 ▪ Both Sunflower oil and Mustard oil grew double digit during the quarter. ▪ Food & FMCG: ❑ Food & FMCG volumes grew by 42% YoY (Ex-G2G business, Food volumes grew by 19% YoY) ❑ The revenue from branded products in the domestic market has been growing consistently YoY at over 30% for the past eleven quarters. ▪ Distribution: ❑ Company’s direct reach grew by 18% YoY to reach 7.4 Lac Outlets at the end of Q1’25 ❑ Rural towns coverage grew by 40% YoY to 30,000+ towns at the of June 2024 ▪ Channel Growth: ❑ Alternate channel grew by 19% YoY in Q1’25 (in volume terms) ❑ Branded exports grew by 36% YoY in Q1’25 (in volume terms) ❑ HoReCa business grew by 91% YoY (in volume terms), with quarterly revenues crossing ~INR 150 Crore in Q1’25 ▪ ESG: ❑ Inclusion of AWL in FTSE4Good Index Series
NSE:AWLLong
by iism-ExpertTrading
AVTNPL Showing Good MomentumNSE:AVTNPL ............................................................................................................................................................................................................................................ Products The main products of the Co. are - Marigold Extracts for Eye Care, Food Coloring & Poultry Pigmentation; Spice oleoresin and Oils for Food Coloring and Flavoring; Value added Teas - Decaffeinated Teas and Instant Teas; Animal Nutrition Products; and Rosemary extract. ............................................................................................................................................................................................................................................ Subsidiaries The Co. has 2 wholly owned subsidiaries, namely AVT Natural Europe Ltd. & AVT Natural S.A. De C.v., Mexico. AVT Natural Europe Ltd. is the marketing arm of the Company for decaffeinated tea and instant tea. AVT Natural SA DE C.V, Mexico has been established with an aim to capture the market for the Animal Nutritional products in the South American market and other markets. ............................................................................................................................................................................................................................................
NSE:AVTNPLLong
by iism-ExpertTrading
SNOWMAN Increasing Cold Temperature & New WarehousesNSE:SNOWMAN ............................................................................................................................................................................................................................................ • Network Advantage - Ability to offer customers the largest Pan-India cold chain networkfor storage and distribution • Expansion Plans – Planned expansion basis our customers’ requirements to reach new markets & to address the demand of the organised sector• Technology Driven - Snowman has developed customised software & apps for increasing efficiency of operations • 25+ Years of Experience - Snowman has innovated best practices and is a knowledge leader in the industry • Customer Trust & Satisfaction - Full visibility & transparency provided to customer using in-house tech platforms & many uninterrupted years of satisfactory customer service ............................................................................................................................................................................................................................................ Leading integrated temperature-controlled logistics • Snowman Logistics Ltd was incorporated in 1993 and Gateway Distriparks acquired a majority stake in 2006• Pan India network of 45 warehouses across 20 cities • Integrated service offering of warehousing services, transportation, and distribution bundled with value added services• Modern facilities with high quality infrastructure across the country • Expansion plans to increase warehousing presence for catering to the fast-growing demand of the organised sector• Snowman is first Indian cold chain company to introduce 5PL services, which offer innovative and integrated solutions ............................................................................................................................................................................................................................................ Strengths: Established market position in the temperature-controlled logistics industry: Snowman is the largest provider in the highly fragmented temperature-controlled warehousing, transportation and logistics industry in India. The company provides quality service and end-to-end solutions to customers in the temperature-controlled industry, thereby resulting in repeat orders and long-term contracts providing around 80% revenue visibility. As on March 31, 2023, the company had warehousing capacity of 1,35,552 pallets across 44 warehouses in 18 cities. It also had 239 refeer vehicles (refrigerated trucks) providing last-mile, inter-city distribution services through a consignment agency model. It caters to marquee customers in diversified end-user industries, such as seafood, pharmaceuticals, dairy, e-commerce and quick service restaurants (QSR). Under the dedicated warehouse segment, the company has opened 4 warehouses for e-commerce and pharmaceutical clients including Amazon, Fraazo, Impelpro, among others. Adequate financial risk profile: Gearing was 0.25 times as on March 31, 2023, and is expected to remain low in the medium term. Debt protection metrics are adequate with interest coverage and net cash accrual to total debt ratios are ~4.3 times and 0.63 times, respectively, in fiscal 2023. Any higher-than-expected debt for funding capex could adversely impact the capital structure and debt protection metrics and will remain a key rating sensitivity factor. Continued parentage of GDL: Post settlement of agreement between Snowman and Adani Logistics Ltd (ALL) in July 2020, GDL is the single largest owner with 40.25% stake in the company and substantial control on the board. The rating continues to benefit from moderate operational and strategic linkages with GDL, as both the companies offer complementary services in the logistics industry, thereby providing cross-selling opportunities to customers. GDL is one of the largest private players in the container freight station, railways and inland container depot businesses in India. Furthermore, Snowman is well established amongst the leading organised players, providing temperature-controlled services in India
NSE:SNOWMANLong
by iism-ExpertTrading
IOLCP Showing Change in Structure can go towards 52 Week HighNSE:IOLCP ...................................................................................................................... ...................................................................................................................... The Company’s turnover increased to ₹ 2,133 crore in FY24 from ₹ 983 crore in FY18 at a CAGR of 13.77% ...................................................................................................................... ...................................................................................................................... The share of regulated market sale has increased to ₹ 300 crore in FY24 from ₹100 crore in FY18 ...................................................................................................................... ...................................................................................................................... Increased contribution of non-Ibuprofen drugs from ₹35 crore in FY18 to ₹431 crore in FY24, showing a steady upward trend over the years ...................................................................................................................... ...................................................................................................................... Added more than 10 products since 2017 in APIs and chemical segments. The Company has recently commenced a new plant of Acetic Anhydride ...................................................................................................................... ...................................................................................................................... • The Indian API market is expected to grow at a CAGR of 13.7% over the four years. • India hosts 500 API manufacturers, contributing approximately 8% to the global API Industry. • As the largest supplier of generic medicines, India manufactures around 60,000 different generic brands across 60 therapeutic categories. • In FY24 India saw a 4.12% increase in the total imports of bulk drugs and intermediates, amounting to ₹ 37,721.88 crore, compared to ₹ 36,229.15 crore in FY23. • Indian medicines are preferred worldwide due to their combination of low price and high quality, earning India the title of "pharmacy of the world." ...................................................................................................................... ...................................................................................................................... Positive factors • Strongly improving operating performance, resulting in growth of more than 15% in total operating income and sustained EBIDTA margin of more than 20%, on a sustained. • Diversifying product portfolio and reducing dependency on its main product Ibuprofen and ethyl acetate to below 65% in the overall revenue. • Improving total debt to gross cash accruals (TD/GCA) and TD to profit before interest, lease rentals, depreciation, and taxation (TD/PBILDT) to below unity. ...................................................................................................................... ...................................................................................................................... Established market position and diversified product offering The company was incorporated, 1986 with the commencement of business in chemical segment. In 2000, the company started production of Ibuprofen. IOLCPL is one of the largest manufacturers of Ibuprofen with significant global share and the company is backward integrated for manufacturing Ibuprofen. IOLCPL has a market presence across more than 50 countries with sales contribution from exports forming around 28% of total sales in FY24 (PY: 29%). The company’s overseas customers are spread across Switzerland, Bangladesh, Spain, Indonesia, Hungary, United Kingdom, Nepal, China, Turkey and Japan, among others. The company is one of the largest manufacturers of Ibuprofen (capacity of 12000 MTPA) and has the second largest manufacturing capacity (12000MTPA) for Iso Butyl Benzene (key raw material for Ibuprofen)
NSE:IOLCPLong
by iism-ExpertTrading
Chevron (CVX): Approaching a Critical Support ZoneIt's been a while since we last analyzed CVX, but we’re now approaching a very important area on the chart. You might wonder why we’re focusing on the weekly chart instead of the daily. The reason is simple: sometimes you need to zoom out to get a clearer perspective, and in this case, the weekly chart holds far more significance than the daily. There’s no point in searching for entries on the daily when the more crucial entry level on the weekly is just below. We’re looking to find support at the HVN POC (High Volume Node Point of Control) at $117, which would also serve as a retest after the last breakout in 2022. We’re still determining the best way to place a limit order at this level, but for now, we’re waiting on the sidelines with alerts set and a light game plan ready.
NYSE:CVXLong
by freeguy_by_wmc
Super Micro Computer (SMCI): Awaiting the Final Leg DownWe are considering a bullish scenario for SMCI, but it's not time to act just yet. We continue to believe that we are still in Wave (2) and that one more leg down is needed before we can see a surge higher, potentially breaching the all-time high at $1,229. Although the stock has already retraced more than 60% since reaching this ATH, we think there's still room for a bit more downside. We believe we are in Wave C of the ABC corrective movement, and typically, this Wave C contains a five-wave structure (in this case, moving downward). This five-wave structure hasn't fully played out yet, as you can clearly see. Even though a lot of longs have been opened at $512, which is the 61.8% Fibonacci retracement level, we believe this is just Wave ((iii)). We're not looking to short this stock but are instead waiting to see if our analysis holds true so we can go long once we have more clarity on the ending of Wave ((iv)). This will help us better determine the end of the overarching Wave (2).
NASDAQ:SMCILong
by freeguy_by_wmc
S&P 500 Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook: The S&P 500 Index demonstrated significant resiliency during this week's trading session, surpassing the Inner Interim Index Rally 5443 target. Following a springy rebound, the current market price action is positioned below the newly established significant Mean Res 5564. Anticipated interim downward pressure toward the Mean Support at 5445 is probable before the index resumes its upward trajectory. The prevailing price action indicates a sustained uptrend towards the Inner Interim Index Rally at 5666, with the achieved targets expected to exert considerable downward pressure.
SP:SPX
by TradeSelecter
EUR/USD Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook: The Eurodollar exhibited consistent upward momentum throughout the current week's trading session. It successfully retested the Mean Resistance level of 1.099 and the completed Inner Currency Rally at 1.100. The breakthrough of these thresholds led to the establishment of a new Mean Resistance at 1.104. A breach of this pivotal level may incite rapid upward movement, targeting the Key Res 1.111 and culminating in the completion of the Inner Currency Rally at 1.112. Conversely, the prevailing downward analysis projects a sustained descent toward a critical Mean Support level of 1.097.
by TradeSelecter
Bitcoin(BTC/USD) Daily Chart Analysis For Week of Aug 16, 2024Technical Analysis and Outlook: During this week's trading, Bitcoin underwent a retest of our Mean Resistance level of 61700 and, subsequently, the Mean Support level of 57400, marking the completion of the Interim Coin Rally at 62600. The presence of intermediary selling pressure may lead to a decline in the coin's price action toward the Mean Support level of 56600, 54000 and potentially result in a retesting of the completed Interim Coin Dip at 50000. On the positive side, the overall trend remains optimistic, with a focus on retesting the completed Interim Coin Rally at 62600 and potential extensions to the Mean Resistance levels of 65500 and 68500, respectively.
BITSTAMP:BTCUSD
by TradeSelecter
4
Palo Alto (PANW): A Golden Pocket OpportunityPalo Alto's chart is looking particularly promising in a market where many stocks seem to be constantly soaring. These defined ranges present a strong trading opportunity, which we're closely monitoring. It appears that Palo Alto has completed its Wave (3) and is now in the midst of Wave (4). We anticipate that Wave (4) will conclude within the 38.2% to 61.8% Fibonacci retracement levels, providing a potential entry point. The golden pocket around the 61.8% level is particularly intriguing, though we haven't highlighted the 50% retracement as it doesn’t align with key support levels. We see two potential scenarios for Palo Alto: a correction to the 38.2% level, meeting the support zone around $249, or a deeper retracement into the broader support area and golden pocket between $191 and $160. If we take a long position at the first support zone, we would likely move the stop loss quickly to secure the position, with plans to add to our position if the price drops further into the lower support range. For now, we're waiting on the sidelines, keeping a close watch on the upcoming earnings call. If it brings any significant news, we’ll outline our strategy for PANW.
NASDAQ:PANW
by freeguy_by_wmc