SEDG Solaredge - More losses ahead?Solaredge Chart Analysis
The stock is in a clear downtrend since February
with a Significant resistance level at around $32.11
The Minor support seems at around $17.12
Increased volume during price drops indicates strong selling pressure and
Prices below the EMA are clues for bearish momentum
Key Points for a Trade
Entry: Consider waiting for a break below support or a pullback at resistance.
Stop-Loss: Set slightly above recent swing high ($24) to manage risk.
In case of pullback look for Stops at around $32.90
Trend continuation: Be cautious at EMA crossover or strong volume spikes, which could indicate a trend reversal.
Additional Clues:
Todays Put Option Volume increased 1,4 times of what was expected indicating bearish flow
Stocks
NVIDIA | A Second Technical Entry Opportunity This Year
NVIDIA has presented two key technical entry points for investors in 2024.
The first entry came during a correction in early August around the $100 level, which was shared on my TradingView channel.
The second opportunity is now, following last week’s close at an all-time high level.
After NVIDIA's strong rally in 2024, there have been two technical opportunities to enter the stock. The first was during the correction in early August around the $100 mark , which I highlighted in my earlier TradingView post.
The second opportunity has emerged now, as last week's closing price marked the highest in history. While the stock hasn't officially hit an all-time high yet, it has broken through the critical $130 resistance level, which had been a barrier for the past four months. This breakout puts the stock in what is often called "open waters," where there is no significant resistance overhead.
It's important to note that while this presents a potential technical buy, fundamentals play a key role here. The resistance of four months is relatively short in terms of a breakout, and from a psychological perspective, buying at current highs can feel doubting. While the technicals suggest a reasonable entry, it’s crucial to have a clear thesis, a long-term holding plan, and solid fundamental research.
At this point, I would say that entering the stock now carries more risk. It’s not a good entry point for short-term gains, and I wouldn’t recommend an "all-in" approach at these levels. Only investors who are willing to add to their position during a pullback, and who have done their fundamental homework should consider buying now with a long-term perspective.
Summary
NVIDIA has presented two technical buying opportunities in 2024, with the latest one emerging after a modest breakout above $130. While there is potential for further gains, such as a move toward $150-$170, this is a riskier entry, especially for short-term traders. Investors should consider the current market environment, do their fundamental research, and only buy if they’re prepared to hold for the long term or add to their position in case of a pullback.
Regards,
Vaido
#Tesla Analysis : +20% so far, What's Next ? (READ THE CAPTION)By analyzing the #Tesla stock chart on the weekly (logarithmic) timeframe, we can see that, as expected in the previous analysis, Tesla stock faced selling pressure after reaching the supply zone of $233 to $271. This selling pressure intensified this week, causing the price to drop by about 20%, reaching $214. Currently, Tesla stock is trading around $220. We will likely see a slight upward move followed by further declines in the stock.
The Main Analysis :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
ASML Perhaps the most structured buy in the market!ASML Holding (ASML) has been trading within a 2-year Channel Up pattern since the October 13 2022 Low. The recent September 10 2024 Low has been at the bottom of the pattern, technically forming its new Higher Low.
Yesterday it broke and closed above its 1D MA50 (blue trend-line) for the first time in 3 months, which has been a solid bullish break-out signal on both previous Bullish Legs. Those then went on huge rallies that rose by +87.94% and +91.92% respectively.
As a result, with the 1W MACD about to form the final buy confirmation with a Bullish Cross, we set a 1380 long-term Target on a minimum +87.94% rise from the bottom, that will form an ideal Higher High on the Channel Up.
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Reliance breaks the trend line and mid channel support. Reliance breaks the trend line and mid channel support after below par support. Only saving grace can be that it is entering the oversold zone and another major support territory. The major support territory for Reliance is 2561 and 2657. We can expect a reversal from this zone. The stock can be added post bounce and further compounded after it crosses the mother and father line. After bottom formation takes place. Which has not taken place as of now.
The stock can be bought/added/averaged in X/4 quantity. Remaining 3 X/4 entries will be above Mother line 50 days EMA, above Father line that is 200 days EMA and finally after closing above 3007. As it is a long term investment Idea and Portfolio stock, Part of my personal portfolio too I would rather not keep a stop loss here. If a trader and investor wants to keep a stop loss he / she can do it after monthly closing below 2250 zone.
One or 2 quarters poor / below market expectation result should not deter an investor in holding on to GEMs. Jio Platforms Q2 profit rises 23.4% to Rs 6,539 crore; ARPU for JIO is at Rs 195.1. Green Energy Segment may start performing for Reliance from 2025. Long term outlook for the stock still remains positive.
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. I an my clients have long positions in this 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.
High Dividend yield HPCL wants to fly higher. Hindustan Petroleum Corp. Ltd. engages in the business of refining crude oil and sales of petroleum products. It operates through the Downstream and Others segment. The Downstream segment deals with the refining and marketing of petroleum products; The Other segment engages in exploration and production of hydrocarbons, manufacturing sugar ethanol. Hindustan Petroleum Corp. CMP is 405.85.
The positive aspects of the company are cheap Valuation (P.E. = 8.7), Company with Zero Promoter Pledge, Annual Profit Growth higher than Sector Profit Growth, MFs increased their shareholding last quarter and Stocks Outperforming their Industry Price Change in the Quarter. Dividend yield of the company at CMP is 5.2%. The Negative aspects of the company are Increasing Trend in Non-Core Income.
Entry can be taken after closing above 409 Targets in the stock will be 416 and 429. The long-term target in the stock will be 447 and 457. Stop loss in the stock should be maintained at Closing below 380 or 363 depending on your risk taking ability.
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. 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.
BPCL with high dividend yield wants to go higher. Bharat Petroleum Corp. Ltd. is a holding company, which engages in the business of refining of crude oil and marketing of petroleum products. It operates through the Downstream Petroleum and Exploration and Production (E&P) segment. The Downstream Petroleum segment includes the refining and marketing of petroleum products. The E&P segment focuses on hydrocarbons.
Bharat Petroleum Corp. CMP is 340.75. The positive aspects of the company are cheap Valuation (P.E. = 7.8), Company reducing Debt, Company with Zero Promoter Pledge, Dividend yield of the company at CMP is 6.2%. and Strong Annual EPS Growth. The Negative aspects of the company are Declining Net Cash Flow : Companies not able to generate net cash, Increasing Trend in Non-Core Income and Companies with growing costs YoY for long term projects.
Entry can be taken after closing above 347 Targets in the stock will be 355 and 363. The long-term target in the stock will be 375. Stop loss in the stock should be maintained at Closing below 320 or 293 depending on your risk taking ability.
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. 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.
COINBASE Enormous upside from this point. $360 minimum Target.Coinbase (COIN) has staged a strong bullish turnaround since our last analysis (September 09, see chart below) and it appears that we caught the perfect bottom buy:
The stock has been trading within a long-term Channel Up since the first week of January 2023 (22 months). Within this time span, it has seen 4 corrections with the latter being the longest as we haven't seen a new High since the week of March 25 2024. The current correction is almost the same (-48.50%) as the January - April 2023 (-47.15%), while the other two have been around -39%.
The key for now is to close a 1W candle above both the 1W MA50 (blue trend-line) and the 1D MA50 (red trend-line). That will be the last confirmation for this Bullish Leg. This on its own is a very pessimistic development, with the presence of only the 1W MA100 (green trend-line) remaining to offer support long-term.
Now as for the upside, the minimum % rise of a Bullish Leg within this Channel Up has been +146.82% (two times). As a result, as long as the 1W RSI closes this week above its MA trend-line (yellow), a bullish signal that emerged on all previous 4 bottoms of the Channel, we can expect the new Bullish Leg to rise on a minimum +146.82% from its bottom, which gives us a $360.00 Target.
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Microstrategy Remains In The Bullish Trend; Positive For Crypto?MicroStrategy is a leading provider of business intelligence (BI) and analytics software. Founded in 1989, the company helps organizations analyze data to make informed business decisions. It's known for its robust platform that supports data discovery, predictive analytics, and mobile app. Additionally, MicroStrategy has made headlines for its significant investments in Bitcoin and both of them are still in the bullish trend.
Microstrategy with ticker MSTR remains nicely bullish as expected and looks like 5th wave is in progress, which can push the price even higher with space up to 300 area, just be ware of short-term pullbacks. If that will be the case, then Crypto related stocks may cause a bullish breakout on Bitcoin as well due to their positive correlation.
NASDAQ - Will the US stock market remain bullish?The index is above EMA200 and EMA50 in the 4H time frame and is trading in its ascending channel
If the upward trend line is maintained, we can see the index continue to climb up to the previous ATH
The valid failure of this line will pave the way for the correction of the index to the bottom of the ascending channel
Vertiv Holdings (VRT) AnalysisCompany Overview: Vertiv Holdings NYSE:VRT is strategically positioned to capitalize on the increasing demand for data center infrastructure, with a particular focus on edge computing and the expanding 5G networks. As companies across various sectors accelerate their digital transformation, Vertiv's role in providing critical infrastructure solutions, including liquid cooling technology, is crucial for the operation and efficiency of modern data centers.
Key Catalysts:
Edge Computing & 5G Growth: The rise of edge computing and 5G networks increases the need for efficient, reliable data center infrastructure, a core competency for Vertiv.
Critical Infrastructure Expertise: Vertiv's leadership in liquid cooling and other essential data center technologies will be increasingly in demand as data centers evolve and expand.
Energy Consumption in Data Centers: With U.S. data centers projected to account for a growing share of electricity consumption, Vertiv’s infrastructure solutions—designed to enhance energy efficiency and optimize operations—are expected to become even more vital.
Digital Transformation: The ongoing shift toward cloud services, AI, and machine learning will fuel greater data center demand, benefitting Vertiv’s business model.
Investment Outlook: Bullish Outlook: We are bullish on VRT above $89.00-$91.00, driven by its market-leading solutions in data center infrastructure and strong growth potential. Upside Potential: Our target range for VRT is $140.00-$145.00, reflecting the company’s strategic position in critical growth sectors like 5G, edge computing, and data centers.
🚀 VRT—Leading Data Center Infrastructure into the Digital Future. #DataCenters #EdgeComputing #5G
BANKNIFTY ProjectionBased on the demand of a follower here, we decided to look into BANKNIFTY for the first time ever...
We anticipate BANKNIFTY heading to either of the two zones up there marked with a blank line, the we expect a great fall on BANKNIFTY...
Should this align with your analysis, endeavour not to miss out on it!
NVDA Set for a Rebound: Will It Hit $137.40 and Beyond?Hey, trading family! Today we’re diving into NVIDIA (NVDA) and its recent price action. Right now, we’re seeing a correction, but all eyes are on whether it can push back up toward that key resistance level of $137.40. Here’s what you need to watch:
Downside risk: If NVDA continues to correct, there’s potential for it to drop below $132. If that happens, we could see the price head even lower, testing support around $128-$130. Keep an eye on these levels, as breaking below them could signal further downside.
Upside potential: On the flip side, if NVDA finds support and buyers step in, we could see it climb toward $137.40. A strong move above this resistance could lead to a bigger breakout, setting the stage for a push higher.
Stay tuned to how NVDA reacts around these key levels—this correction might just present a great opportunity, depending on how the market moves. If this helped, drop a comment or share your thoughts on NVDA’s next move!
Find Your Trading Style: What Type Of Trader Are You ? Good morning, trading family! Ever feel overwhelmed by all the different trading strategies out there? You're not alone, and today we’re here to help you figure out exactly which trading style suits you. In this video, we’ll explore the four main types of trading—Scalping, Day Trading, Swing Trading, and Position Trading—and give you real-life examples so you can see which one fits your personality and goals best.
Whether you’re someone who thrives on fast-paced, high-energy trades or prefers to take a step back and play the long game, this video will give you the clarity you need to trade with confidence. My goal is to help you tailor your strategy so it feels natural and aligns with how you want to trade.
If you find this valuable, please comment below and tell me which type of trader you think you are! Don’t forget to like or share this video so other traders can benefit from it too. Your feedback can make a huge difference for someone else in our trading family!
Happy Trading
Mindbloome Trader
SWING IDEA - GARDEN REACH SHIP & ENGGarden Reach Shipbuilders & Engineers Ltd ., a leading public sector shipyard in India known for building warships and naval vessels, is showing signs of a potential swing trade opportunity.
Reasons are listed below :
1700 Zone as Strong Support : The 1700 level has acted as a crucial support zone, reinforcing a solid base for potential upside movement.
Bullish Engulfing Candle on Daily Timeframe : A bullish engulfing candle has formed, indicating increased buying pressure.
Golden Fib Zone : The price is currently bouncing from the golden Fibonacci zone, suggesting potential for further gains.
100 EMA Support on Daily Timeframe : The stock is well-supported by the 100-day EMA, further solidifying the bullish trend.
Target - 2200 // 2510
Stoploss - daily close below 1640
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
SWING IDEA - IRB INFRA DEVIRB Infrastructure Developers Ltd ., one of India's leading infrastructure development companies, is displaying technical signals that suggest a swing trading opportunity.
Reasons are listed below :
58 Zone as Strong Support: The 58 level has proven to be a crucial support zone, offering a strong foundation for potential upward movement.
Bullish Engulfing Candle on Daily Timeframe: The formation of a bullish engulfing candle indicates a surge in buying pressure.
200 EMA Support on Daily Timeframe: The stock is receiving solid support from the 200-day EMA, which strengthens the bullish outlook.
Volume Spike: A noticeable increase in trading volumes suggests strong investor interest and potential for a breakout.
Target - 72 // 78
Stoploss - daily close below 57
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
UBER Breakaway or Pullback? Trend Analysis
Bullish Momentum: Strong upward momentum with a recent gap up indicates bullish sentiment.
Breakout: Price has broken through previous resistance levels, suggesting continuation.
Price Action Analysis
Gap Up: Significant gap up on high volume signals strong buying pressure.
Pullback Levels: Potential support near $82 could provide buying opportunities.
Indicator Analysis
Volume Surge: High volume confirms the strength of the breakout.
EMA Support: Exponential Moving Average trending up, supporting the bullish outlook.
Forecast Summary
Expected Movement: Anticipate further upward movement, possibly testing new highs.
Key Support and Resistance Levels:
Support Level: Around $80, previously a resistance.
Resistance Level: Near $87, recent high.
Additional Support: Potential at $77, recent consolidation area.
Additional Resistance: Beyond $87 towards $90, historically significant zone.
Triggers/Events: Earnings reports or market news may impact volatility and direction.
Trading should focus on buying opportunities during pullbacks, monitoring key support levels, and staying alert for market events that could influence price dynamics.
GAIL Showing Strength Above 10 EMA: Key Support & Resistance NSE:GAIL Showing Strength Above 10 EMA: Key Support & Resistance Levels (Daily & Weekly Analysis)
NSE:GAIL is currently trading at ₹229.40, maintaining strength above the 10 EMA on the daily chart, indicating positive short-term momentum. A similar setup is reflected on the weekly chart, where the stock is trading well above its 50 EMA, reinforcing a bullish bias.
Key Resistance Levels:
₹236 – Immediate resistance zone, significant on both daily and weekly timeframes. A breakout above this level could trigger further bullish momentum.
₹246 – The 52-week high, acting as a strong resistance on the weekly chart. A decisive move above this would mark a fresh bullish breakout, potentially leading to accelerated gains.
Key Support Levels:
₹226 – Crucial short-term support on the daily chart, aligning closely with the 50 EMA (₹226.29). Holding this level is essential for sustaining the positive trend.
₹216 – Next significant support zone on both timeframes. A break below this could signal weakening momentum.
₹196 – Major support level corresponding to the weekly 50 EMA. This level acts as a long-term safety net, and a breach below would indicate a shift in the broader trend.
Outlook:
The stock’s alignment above key EMAs on both the daily and weekly charts suggests that GAIL is in a strong uptrend. A break above ₹236 could lead to a test of the 52-week high at ₹246, where a breakout would be a strong bullish signal. Traders should monitor price action around these levels closely.
If GAIL faces a pullback, holding support at ₹226 will be crucial to maintain its short-term momentum. A break below ₹216 could indicate potential weakness, with ₹196 (weekly 50 EMA) serving as a critical long-term support.
Disclaimer: I am not a SEBI Registered Research Analyst (RA). This analysis is for educational purposes only and should not be considered as investment advice. Please conduct your own research or consult a financial advisor before making any trading decisions.
QQQ Weekly Outlook (SPY) for OCT 14, 2024A week ago, I provided a weekly long-term view of QQQ (link below):
I annotated that by looking at the weekly time frame, we can note that QQQ has been bouncing off the weekly trendline (TL) that started back in JAN 2023.
It has touched and bounced off that trendline 3x so far:
-MARCH 2023
-OCTOBER 2023
-AUGUST 2024
We started OCT 7th week around 487 and closed end of week at 493.36
Based on technical analysis, QQQ is in a triangle pattern with the top trendline starting on JULY 17th and then hitting it again several other times:
-SEPT 26
-OCT 9
-OCT 10
-OCT 11
The bottom trendline starts on AUG 5th and touches again on:
-SEPT 6
-SEPT 9
-SEPT 10
-SEPT 11
Another TL was drawn on SEPT 11 up which price has been respecting:
-OCT 2
-OCT 3
-OCT 4
-OCT 7
-OCT 8
-OCT 11
This has cause price to get tighter and tighter against JULY 17th TOP TL.
In addition, price has been making Higher Lows (HL) and Higher Highs (HH) starting from AUG 5th until current date. The following are the HH/HL:
HL: AUG 5/ SEPT 6 - 11 / OCT 1 - 3
HH: AUG 22 / SEPT 26 / OCT 11
The GAP that was created between JULY 16 - 17 was filled on SEPT 26 causing the market to GAP REJECT and push price down.
Price has once again come back to that gap and closed above it.
GAPS can be used in several ways. One being the initial rejection. As price is back above it again, what was once resistance / supply can now be potentially turned into support / demand. The second method can be the INVERSION of a GAP.
Utilizing my longer thesis from last week along with the new / current data, a bullish sentiment is formed going into this week for the following reason:
-Two bottom TLs have been respected and acted as support
-Higher Lows/Higher Highs are being made
-Price closed above the GAP that that acted initially as resistance and now turned into support (inversion)
-No economic catalyst for bearish scenario 'yet'
-Price had a strong close above the 5 and 8 EMA on the daily time frame.
Price Targets:
PT1: $498.44
PT2: $500
PT3: $501.01
PT4: $503.07
PT5: $503.52
PT6: $505
This is NOT financial advice but my opinion on the market.
NASDAQ:AAPL NASDAQ:AMZN NASDAQ:QQQ NYSE:ES SP:SPX #thestrat SEED_ALEXDRAYM_SHORTINTEREST2:NQ AMEX:SPY SEED_ALEXDRAYM_SHORTINTEREST2:NQ NASDAQ:MSFT NASDAQ:TSLA NASDAQ:NVDA NASDAQ:AMD
SaD
Berkshire Hathaway Testing Crucial Levels: Will the Bulls WIN? Berkshire Hathaway (BRK.B) is approaching key levels that could dictate its next big move!
Upside Potential : A break above $465.04 could push the stock toward the next target at $473.18, where bulls are likely to step in for a rally. Watch for increased momentum if price closes above these resistance levels.
Downside Risk: If the stock fails to hold the current support around $459, a drop toward the lower support zone at $448.29 could be in play. Bears should be ready for action if the price breaks below this level.
Stay sharp, traders—both scenarios present strong opportunities. Keep an eye on price action and volume!
Happy Trading
Mindbloome Trader
Meta (META) Testing Key Levels: Breakout or Breakdown? Evening Traders
Meta (META) is currently trading in a key range, and the next move could be significant! 📊
Upside Potential: If META breaks above the critical resistance at $596, we could see a rally toward the next target of $600.44. 📈 Bulls should watch for momentum above this level as a potential breakout zone.
Downside Risk: A failure to hold the current support at $582.99 could see META retrace toward the next major support at $569.35. 📉 Bears will be eyeing a break below this level for further downside action.
Stay alert for a strong move in either direction! This chart is loaded with opportunities for both bulls and bears. 🔥
Mindbloome Trader
Happy Trading :)