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SasanSeifi| Can It Hit the $300 Zone?Hey there, ✌ Examining the 4-day chart for NASDAQ:TSLA , we can see a slight upward movement from the $140 price range. After multiple attempts to break above, the price encountered resistance around $265, resulting in a negative reaction and subsequent correction. Currently, the price hovers around the $248 level. My medium- and long-term outlook remains bullish, with an expectation that the price could rise toward the $300 supply zone and reach targets between $320 and $350. One possible scenario is that, after a consolidation phase, if Tesla holds within the critical support range of $230 to $200, it could see significant growth toward the mentioned targets. Preserving these key support levels is crucial. However, if the price breaks below the $200 level and consolidates there, this scenario would lose validity, possibly leading to further correction. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
NASDAQ:TSLALong
by SasanSeifi
Reliance near major support zone. Reliance is a large cap company with a market cap of Rs.17,15,224 Crores. CMP of the stock is Rs.1268 with and EPS of Rs.50.2. PE of the company is 25.2. Ten year PE is 21.2. PE in July was 30.9 which has corrected to 25.2 now. Reliance Industries is a fundamentally strong stock. The company covers following sectors. 1) Energy a) Oil and Gas Exploration & Production b) Refining & Marketing c) New Energy & New Materials (Production of Green energy 2) Petrochemicals a) Textiles b) Polymers c) Polyesters d) Fibre Intermediates e) Aromatics f) Elastomers g) Reliance Composites Solutions 3) Retail a) JioMart b) Smart Bazaar, c) Reliance Digital d) Just Dial 4) Jio a) Digital Services b) Telecom 5) Media and Entertainment a) Jio Cinema b) via com18 c) Network 18 d) Jio Studios Thus Reliance is a company with vivid portals of revenue generation and investing in one company called Reliance empowers you into investment in spectrum of companies with multiple revenue sources. Investing in Reliance is like investing in Mutual fund. The Weekly Chart (which we use for gaining long term perspective of a company) of Reliance indicates it is near a support zone. Immediate support being at 1254. 200 Weeks EMA of the stock or the Father line support is at 1176. This indicates that the stock might be near the bottom if it has not formed the bottom already. On the upper side when Reliance starts to move upwards the resistances will be at 1331 and 1396. 1396 being major Mother line resistance of 50 Weeks EMA. Above 1396 weekly closing Reliance will be very bullish again and can regain the levels of 1532 and 1600+ levels in 6 to 12 month. Channel top seems to be in the range of 1753 to 1980 range depending on the future results and future performances of various revenue streams. Bollinger band suggests a bounce in short to medium term in the stock. Looking at the index and weightage of Reliance in the index it will be imperative for Reliance to bounce for index to bounce in a most probable scenario. The waiting period can be 6 to 12 months as the stock is not very strong on technicals. however it is not below 200 Weeks EMA either. Overall Reliance is a large cap stock that has created immense wealth over the years and I do not see any reason currently why it can continue to perform and create wealth for years to come. Outlook for the company in the year 2025 specially 3rd Quarter onwards looks very upbeat once the Green Energy production and revenue strats to trickle in. There is also a possibility of listing of JIO Digital and Telecom as a separate company in they year 2025. Listing of Reliance Retail as a company will be next. (Post Jio telecom listing). The potential of value unlocking in the stock remains immense in our opinion. To know more about Techno-Funda investing, Mother Father and small child theory, Parallel channel you can read my book The Happy Candles way to Wealth creation available on Amazon in paperback or Kindle version. My book is now also available on Google Play books. Do read it. Have a look at the reviews which say that the book is a masterpiece and can be considered as a hand book for investing in equities. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. There is also chance of bias in our opinion. I, my family or my clients may have a long position in the stock. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:RELIANCE
by Happy_Candles_Investment
META can turn bearish if it fails to break this Channel.Our previous call on Meta Platforms (META) was on July 26 (see chart below), almost 4 months ago when we gave a strong long-term buy signal on the 1D MA200 (orange trend-line): Despite the excellent timing of the call, we has seen in the past 30 days that the price action has diverged from the model and the current Bullish Leg of the Channel Up isn't as strong as the previous two inside a 2 year span that each rose by +95%. The price has instead turned sideways, mimicking the price action of the two Accumulation Phases that emerged after each of the Bullish Legs topped. The 1D RSI being on a Bearish Divergence (Channel Down already) technically agrees with that, so if you followed our July buy call, it might be best to book the handsome profit now and wait. What to wait for? Well it all depends on a new pattern that has emerged, a Diverging Channel Up (dashed trend-lines). As long as the price is trading inside it, there is greater probability to give us a lower buy entry near the 1D MA200 (orange trend-line) again. In that case we will take it and target the top of the Diverging Channel Up at $660. In the event that the price breaks above the Diverging Channel Up, we will buy the bullish break-out and pursuit the previous $800 Target as that would mean that the original 2-year Channel Up remains the underlying pattern dictating the long-term movement of the stock. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:METALong
by TradingShot
BABA | A trillion dollar criticismChinese tech titan Jack Ma had been having it rough ever since his criticism of Beijing triggered a backlash on his companies and wealth but a recent development may change the tide. On Friday, China's central bank announced a fine of 7.12 billion yuan, or $985 million, for Ant Group the fintech giant co-founded by Ma that operates the Alipay payments app signaling that its years-long regulatory crackdown is ending. But the years-long crackdown has taken a heavy toll on Ma's wealth and the market valuations of the companies he holds stakes in. Alibaba the flagship company he cofounded saw a 45%, or $620 billion, drop in market value since shares hit their peak in 2020, per Bloomberg's calculations on Sunday. Ant Group is now valued at around $78.5 billion marking a steep 75% discount to its valuation of $315 billion in a scuttled IPO before Beijing's regulatory crackdown in 2020. The collective $850 billion wipe out in Alibaba and Ant's valuations has sent Ma's net worth plunging from about $61 billion in October 2020 to $34.1 billion as of Monday On a personal level, Ma has also been lying low for more than two years.Ma angered Chinese authorities after giving a speech in October 2020 in which he criticized China's financial regulatory system and claimed Chinese banks were operating with a "pawnshop" mentality. His words prompted intense regulatory scrutiny of his businesses including Alibaba and Ant and a wider crackdown on tech firms in China. In January, he was spotted in Bangkok, where he visited a Michelin-starred street-food restaurant and watched a Muay Thai fight. He also popped up in Hong Kong in the same month. In March, Ma returned to a school he founded in his hometown of Hangzhou in eastern China. In April, he was appointed an honorary professor at the University of Hong Kong. In May, Ma took up a teaching position in Japan, one of the first public roles he has assumed since disappearing from the spotlight in 2020. Last month, Ma attended the Alibaba Global Mathematics Competition finals in Hangzhou, where Alibaba is based. Alibaba shares in Hong Kong were up 3% at 86.90 Hong Kong dollars apiece at midday, buoyed by news of the fine. The company's shares in New York closed 8.1% higher at $90.55 apiece on Friday.
NYSE:BABA
by moonypto
2
S&P500 Is Approaching Key Support Level.Hey Traders, In today’s trading session, we’re keeping a close watch on the US500 for a potential buying opportunity around the 5800 zone. The index is currently trading in an uptrend, but we’re seeing it enter a corrective phase. This correction is bringing it back toward the 5800 support and resistance area, a critical zone that aligns with the broader upward trend. The 5800 level could serve as a strong entry point, offering an opportunity to join the prevailing uptrend at a favorable price. If price action confirms support at this level, it may signal a potential rally continuation in line with the broader market momentum. As always, ensure you manage risk and stay cautious in your entries. Trade safe, Joe
CAPITALCOM:US500Long
by JoeChampion
5
Adobe - Triangle Textbook Long Setup!Adobe ( NASDAQ:ADBE ) is breaking out soon: Click chart above to see the detailed analysis👆🏻 After creating a rally of +2.000% over the past decade, Adobe created its all time high back in the end of 2021. The consolidation ever since has been quite expected, especially looking at market structure. But if Adobe breaks out of the current triangle, we will see new all time highs. Levels to watch: $440, $560 Keep your long term vision, Philip (BasicTrading)
NASDAQ:ADBELong
by basictradingtv
6
COINBASE: Can it survive this brutal -10% selloff ??Coinbase remains bullish on its 1D technical outlook (RSI = 66.131, MACD = 29.400, ADX = 29.780) despite today's massive selling that is exceeding -10%. This is because the RSI was highly overbought almost at 80.000 on Monday. So far the stock seems to be correcting the insane rally from the start of November and the rebound on the 1D MA50. Even during COIN's prior rally phases since June 2023, the time when the 1D RSI first turned overbought (above 70.000) was not the end of the rally/ top of the uptrend but merely a technical correction. At most the correction pulled back to the 0.382 Fibonacci level, which is now at 263. With an upcoming Golden Cross on the 1D timeframe, we believe Coinbase can exceed $400 on this rally phase. Our minimum target remains (TP1 = 360.00) and maximum if you seek more risk TP2 = 435.00. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:COINLong
by InvestingScope
FinNifty Support and Resistance Levels For 14th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #finnifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:FINNIFTY1!Long
by Prabhu2020
Sensex Support and Resistance Levels For 14th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #sensex, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
BSE:SENSEXLong
by Prabhu2020
BankNifty Support and Resistance Levels For 14th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #BankNifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:BANKNIFTYLong
by Prabhu2020
Nifty Support and Resistance Levels For 14th Nov 2024I’ve created a chart highlighting the key support and resistance levels for #Nifty, designed to help traders make informed decisions. These levels provide critical insights for understanding potential price movements, enabling traders to identify ideal entry and exit points. Use these levels to gain a clearer perspective on Sensex trends and optimize your trades with greater confidence. Remember, these levels serve as guidance, so always combine them with your own analysis and risk management.
NSE:NIFTYLong
by Prabhu2020
$USIRYY -U.S CPI (October/2024)ECONOMICS:USIRYY @2.6% (October/2024) source: U.S. Bureau of Labor Statistics - US Inflation Rate Picks Up The annual inflation rate in the US increased to 2.6% in October, from 2.4% in September and in line with market expectations. On a monthly basis, CPI rise by 0.2%, consistent with the previous three months with shelter index up 0.4%, accounting for over half of the monthly increase. Meanwhile, core inflation stayed at 3.3% annually and 0.3% monthly.
ECONOMICS:USIRYY
by Mr_J__fx
NVIDIA (NVDA): Targeting $166 amid AI momentumNVIDIA continues to dominate the AI and computing landscape, with a significant development in Japan: SoftBank’s telecom unit will soon receive Nvidia’s advanced Blackwell chip design for its supercomputers. The upcoming earnings report on November 20 is critical in sustaining NVIDIA’s exceptional growth trajectory. CEO Jensen Huang’s company has projected third-quarter revenue of approximately $32.5 billion, propelled by substantial demand for Hopper and Blackwell GPUs. These GPUs are crucial for strengthening NVIDIA’s data center segment, which currently operates with an impressive 68% margin. Priced between $30,000 and $40,000, Blackwell chips are already seeing high demand, with production scaling in Q4 2024. From a technical perspective, NASDAQ:NVDA still has room to grow, with a targeted area of $166 or higher in the short term. We are closely monitoring the stock for either a move into this target or a shift in market structure that could change the outlook. Stay tuned for updates as we approach the earnings call and as NVIDIA continues to set new milestones in the tech space.
NASDAQ:NVDALong
by freeguy_by_wmc
Shopify (SHOP): Preparing for a Long-Term Entry at $49.62Considering Shopify, the situation is unfolding as we anticipated. We expected the beginning of 2024 to potentially mark the peak for Shopify with the completion of Wave (1), indicating a Wave 2 correction. This correction is likely to find support between the 63.8% and 78.6% retracement levels. Currently, the pattern is showing lower lows and lower highs, suggesting that further price declines may occur, potentially closing existing gaps. Our strategy is still developing, but we plan to place a long-term entry at $49.62 with a stop-loss at $31.
NYSE:SHOPLong
by freeguy_by_wmc
Shopify (SHOP): Continuing Sell-Off!Shopify (SHOP): NYSE:SHOP We've reintegrated Shopify into our portfolio after a lengthy period without analysis, believing we've witnessed the conclusion of a Wave 5, thereby completing this cycle (1). Consequently, we are now in Wave (2), anticipated to be a three-part correction downwards. Our target retracement ranges between 50% and 78.6%, equating to $57.60 and $38.24, respectively. The subordinate Wave 4 at $45.50 represents a critical level for Shopify, potentially marking a turning point. As long as we don't surpass the Wave 5 peak of $85.50, we don't foresee an upward continuation. Should we form Wave A, an Expanded Flat exceeding Wave 5 but not surpassing 138%, might be observed. If this threshold is breached, our current scenario would need revision, possibly interpreting the subordinate Wave 4 at $45.50 as our Wave (2), indicating we're in Wave (3). Unless this scenario unfolds, we maintain the view that we're in a downtrend, awaiting a significant Wave 2 correction. However, falling below 78.6% would likely lead to a sharp decline towards $23.64.
NYSE:SHOPLong
by freeguy_by_wmc
Shopify (SHOP): Riding the 130% rally after the earnings surgeShopify kicked off the earnings week with a significant surge, rising 130% since our entry. We’ve taken additional profits at this level and canceled our second limit order. The stock has reached the 161.8% Fibonacci target at $111, aligning with our strategy. In its third-quarter earnings report, Shopify reported revenue that exceeded Wall Street’s expectations, with double-digit gross merchandise volume growth. Looking ahead, the company forecasts a mid-to-high-twenties percentage growth in revenue for Q4, supported by the same factors driving its strong performance this year. While Shopify continues its upward momentum, there’s no clear indication of when this rally might lose steam. The RSI is currently overbought, suggesting a potential pullback in the near future. If we spot a wave 4 correction, we will reassess and update the chart for a potential new entry.
NYSE:SHOPLong
by freeguy_by_wmc
AMAZON Minor pull-back and then off to $240.Amazon Inc. (AMZN) has been following our bullish signal within the Channel Up we indicated on August 23 (see chart below) very accurately and is halfway through to our $240.00 long-term Target: This is also confirmed on the lower time-frames, namely the 1D on this chart, where the stock can be seen trading within a Channel Up and having started its most recent rebound on the 1D MA50 (blue trend-line). The first Bullish Leg of the Channel Up, pulled-back to the 1D MA50 (and Fib 1.0) after approaching the 1.382 Fibonacci extension level and then rebounded aggressively to hit (and even break) the 2.0 Fibonacci extension. Even the 1D CCI sequences between the two fractals are quite similar. As a result, we don't dismiss the possibility of a 1D MA50 pull-back but that will be another buy opportunity on Amazon's way to $240.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AMZN
by TradingShot
3
MAGS - Roundhill Magnificent Seven ETF is FLYING! UPDATE!I told you over a month ago IT WAS TIME TO BUY! Did you take me seriously? How about now? Watch the detailed forecast I posted for viewers Oct 2, 2024. "May profits be upon" is not just a greeting. I'm trying to support your trading journey to consistent profits. Please leave a comment, and let me know if you found a benefit in this forecast. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NASDAQ:MAGSLong
by RT_Money