Cera Sanitaryware looking aestheticCERA Sanitaryware Ltd. The main product lines of this company are Sanitaryware, Faucets ware and Bath ware. They are Presently, engaged in the business of manufacturing, selling, and trading of building products and is having non-conventional wind & solar power for captive use in the State of Gujarat. CERA Sanitaryware Ltd CMP is 8017.50.
The Negative aspects of the company are High Valuation (P.E. = 44.9), MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, improving annual net profit, Improving cash from operations annual.
Entry can be taken after closing above 8063. Target for Cera is 8233. If the stock gives closing above 8234 long term targets of 8462,8714 and 9000 will be unlocked. Stop loss in the stock should be maintained at Closing below 7672.
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.
Stocksignals
TESLA Breaking below the 1W MA50 again but NOT a BUY yet.Three weeks ago we mentioned the importance of the All Time High (ATH) Lower Highs trend-line on Tesla (TSLA) and how critical it would be for the price to finally break above it for the first time in more than 2 years:
The 'Do or die moment' as we called it failed to deliver and the price got emphatically rejected on the Lower Highs for the 5th time. This rejection has brought the price below the 1W MA50 (blue trend-line) yet again on pre-market. The natural zone of Support now is the January 06 2023 Higher Lows trend-line (Cycle bottom) and the April 27 2023 Higher Lows (dashed) trend-line. As long as it holds, we expect a short-term bounce and another test of the ATH Lower Highs trend-line.
If the stock breaks above the ATH Lower Highs, we will buy for a long-term rally and target 345.00. If the price breaks below the (dashed) April 27 2023 Higher Lows, we can expect a bottom as low as even 180.00, which is the Lower Lows (bottom) trend-line) of the Channel Down that started on the July 19 2023 High. If the 1D RSI though breaks first the 30.00 oversold barrier, we will take the profit on shorts and turn into a long-term buy (Target at $345.00 again) as every time the RSI turned oversold at 30.00, since December 2022, it was the most efficient buy opportunity we could get.
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AMD Correction expected on this Double Top.Advanced Micro Devices (AMD) has given excellent pull-back buy opportunities since our last analysis (December 12 2023, see chart below):
We believe though that it is time to take profit on those buy positions as the short-term Channel Up has made a Double Top similar to the June 13 2023 pattern, which started a prolonged correction. Even though the new correction doesn't have to be that long, even a shorter one is plausible as the same 1D RSI Bearish Divergence (on Lower Highs) that we currently have, was seen on all corrections within the 18-month Channel Up, with the shortest of them being -15%.
Assuming this worst case scenario, we turn now bearish and target 129.00 (-15% from the Top). Then as long as the 1D MA200 (orange trend-line) holds, or even if broken when it gets reclaimed, we will buy again for the long-term.
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Cross-Checking News Trading with Technicals on CARR-USDDear Esteemed Investors,
Everyone asked me to write an analytics on CARR. Although my forecasts achieved some success with this stock, let me remind you it's only a very small percentage of my portfolio. I can measure my exposure in hundreds of thousands, which is relatively small compared to my gold exposure, which I measure in millions. With that, I care about every one of my investments, and I hear your expectation to read analytics about this stock. Here you go.
Chart and Technical Indicators
CARR hit the target level of the last bullish forecast ($59.21 resistance), and technical indicators like MACD and RSI turned bearish. Under the chart, MACD shows bearish progress. Both MACD and RSI have a bearish cross on them. These are typical confirmations of resistance, and CARR hasn't defeated it yet. However, RSI still moves on the more bullish side of its chart, and MACD shows only a slight bearishness. It's not too late for CARR investors to continue the rally. Signs of continuation would be if RSI made a bullish cross again and MACD turned bullish. If they can break the mentioned resistance, a target of $61.12 is possible. With that said, the risk-reward ratio of a long isn't excellent here. So, I've taken profit of my long position from the last forecast. I estimate to open a new long if the price confirms support again around the $51.74 level. Breaking this support would suggest a downward trend rather than a healthy retracement. Downwards, the price can fall to lower trendlines below $48. If I open a new long, I'll use a tight stop loss setting.
News Trading: AI Natural Language Processing
Carrier Global has consistently delivered strong revenue growth in recent quarters, driven by higher demand for HVAC and refrigeration products. The company's recent acquisitions of Viessmann Climate Solutions and Honeywell's Global Access Solutions business expand its market reach and product portfolio. Carrier Global has a healthy balance sheet with a solid financial position. The company has the flexibility to invest in growth initiatives. The global HVAC and refrigeration markets can steadily in the coming years, driven by population growth, urbanization, and rising environmental concerns.
On the other hand, the ongoing supply chain disruptions have impacted Carrier Global's production and delivery of products, potentially affecting sales and profitability. Escalating inflation could put downward pressure on consumer spending on discretionary items such as HVAC and refrigeration products. The HVAC and refrigeration industry is highly competitive, with several players vying for market share. The ongoing geopolitical tensions and potential for global recession could dampen demand for Carrier Global's products.
Despite the potential headwinds, Carrier Global remains a well-positioned company with a strong track record of growth. The company's focus on innovation, strategic acquisitions, and expanding market reach should support its long-term growth prospects. However, investors should carefully monitor the company's ability to manage supply chain disruptions, inflation, and competitive pressures.
Disclaimer:
The success of my historic forecasts don't guarantee your future results. It's not an investment advice. Do your esearch. I wrote the analytics for entertainment purposes.
Kind regards,
Ely
Bluestar can become a star once the winter starts to diminish. Blue Star Ltd. It offers India's widest range of air conditioning and commercial refrigeration products and a comprehensive range of air purifiers, air coolers, water purifiers, cold chain equipment and speciality products. Blue Star Ltd CMP is 952.60.
The Negative aspects of the company are High Valuation (P.E. = 41.9), MFs are decreasing stake, and Promoter Holding decreasing. The company's Positive aspects are Low debt, zero promoter pledge, FIIs are increasing stake, improving annual net profit, and Improving cash from operations.
Entry can be taken after closing above 961. Targets in the stock will be 989 and 1015. The long-term target in the stock will be 1040. Stop loss in the stock should be maintained at Closing below 902.
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.
Data Patterns trying to breakout and form a positive pattern. Data Patterns (India) Ltd. is among the few vertically integrated defense and aerospace electronics solutions providers catering to the indigenously developed defense product industry. It is one of the fastest-growing companies in the Defense and Aerospace Electronics sector in India. Data Patterns (India) Ltd CMP is 1978.55.
The Negative aspects of the company are High Valuation (P.E. = 74.7). Declining cash from operations and MFs decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, and improving annual net profit.
Entry can be taken after closing above 1996. Targets in the stock will be 2045 and 2115. The long-term target in the stock will be 2181 and 2253. Stop loss in the stock should be maintained at Closing below 1840.
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.
RIOT Breakout! 33% Gain potential RIOT is basically a crypto mining company.
Bitcoin right now is breaking to highest levels since 2022.
RIOT's balance sheet is positive with more assets than debt.
RIOT recently spent 290 million USD on purchasing new and advanced bitcoin mining rigs as well as a contract to buy a lot more of those in the future with MICROBT.
Technicals show breakout after breakout, with a fresh breakout recently above 13.80.
Stop loss is placed below second horizontal support around 12.50.
Take profits are allocated around key resistance levels on the way up.
Indicators show bullish momentum with plenty more fuel to go.
This is a potential swing trade.
Best of luck and feel free to ask questions!
PayPal to $76PayPal is signaling bullish reversal at a great value. After a two-year long hemorrhage in stock value, multiple indicators and patterns forecast a recovery. A descending wedge can be found on the 1D chart and as we are nearing the final squeeze of the wedge, an inverse head and shoulders has formed.
Utilizing Fibonacci retracement levels supported by bullish trading patterns and indicators (OBV & MFI), the ascent to $76 appears both realistic and only the beginning of a long awaited rally. Should my projections prove accurate, I believe there will be one more opportunity to profit from put options as the right shoulder peaks around the $57-$59 range.
NASDAQ:PYPL
SHOPIFY More downside to come. Where to buy?Shopify (SHOP) has been trading within a Channel Up pattern since the October 13 2022 market bottom. It recently made a Higher High but not at the top of the pattern and started to pull-back, losing most of its strength and momentum as the 1D RSI dropped to 45.50 (neutral). The price is still above the 1D MA50 (blue trend-line), which keeps it bullish but in our opinion it won't be for long as it has started to resemble the pull-back after the December 02 2022 High.
That was on the Channel Up first bullish leg and it eventually pulled-back to the 0.5 Fibonacci retracement level, before the price rebounded again and almost reached the -0.382 Fib extension for a technical Higher High. Observe how similar the 1D RSI sequences are between the two.
As a result, we expect currently a downside as low as 60.50 (Fib 0.5) at least to test the 1D MA200 and then we will buy and target $94.00 (below the -0.382 Fib, projected +56% rise, which is 20% lower than the previous rise (+76.18%), similar to the difference the Feb 03 2023 High High had from its Dec 02 2022 High).
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APPLE eyeing the 1W MA50 support.Apple (AAPL) hit yesterday the 1D MA50 (blue trend-line) for the first time since November 06, extending the rejection on the Resistance 1 level. A rejection that is in perfect symmetry with the February 03 rejection that also caused a pull-back.
The last call we made on Apple (see chart below) was on November 12 actually signaling a buy after the Falling Wedge break-out, targeting 195.00:
The fundamentals this time are far from ideal, so a greater correction seeks the next technical Support level. That is the 1W MA5 (red trend-line), which is currently sitting at the bottom (Higher Lows trendline) of the multi-month Rising Wedge pattern, and was the level that initiated the strong rally on the October 26 bottom.
As a result we are looking for a downside range within 177.00 - 175.00 and then rebound with a $215.00 target.
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Why Starbucks is a great investment opportunityStarbucks, the renowned coffeehouse chain, has become a household name for many people across the globe. With over 30,000 stores in more than 80 countries, Starbucks has established itself as one of the leading players in the restaurant industry. Its strong financial performance and impressive growth potential have made it a hot pick for investors looking to invest in this sector. In this section, I will analyse Starbucks’ weekly timeframe by wearing the supply and demand imbalances glasses. As supply and demand traders, we do not need to understand the company’s forecasts and financial performance to analyze its growth potential. We only need to know where the imbalances in price are on a price chart.
The stock is currently trading at $96 per share. It’s very close to a strong demand imbalance sitting at $94.19. We expect the stock to rally to $104 and much higher.
Kolte Patil looking to build momentum Kolte-Patil Developers Ltd. CMP – 517.70
Market Capitalization Rs 3,934.7Cr
Red Flags:🟥
High Valuation (P.E. = 35.6)
Green Flags:🟩
Low debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Improving cash from operations annual
New Happy Candles Number – 81/100
Fresh Entry/ averaging / compounding after closing above 520
Targets: 542
Long term target: 562
Stop loss: Closing below 420
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.
SPY I All time high (Sell at resistance)Welcome back! Let me know your thoughts in the comments!
** SPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Momentum in Bajaj Consumer building slowly. Bajaj Consumer Ltd. is one of India's leading FMCG companies with major brands in the hair care and skin care category. The company's main brand is Bajaj Almond Drops in the hair oil category. It markets its skin care products under the brand No-marks. The company is a part of the Shishir Bajaj Group of companies.
Bajaj Consumer CMP is 219.60. The Negative aspects of the company are Declining annual net profit and Declining cash from operations. The company's Positive aspects are No debt, Zero promoter pledge, FIIs are increasing stake and MFs are increasing stake.
Entry can be taken after closing above 225. Targets in the stock will be 232 and 240. The long-term target in the stock will be 251. Stop loss in the stock should be maintained at Closing below 206.
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.
Balkrishna looking like a strong candidate for an upmoveBalkrishna Industries Ltd. is engaged in the business of manufacturing and selling Off-Highway Tyres (OHT) in specialist segments such as Agricultural, Industrial and construction, Earthmovers and port, Mining, Forestry, Lawn and garden, and All-Terrain Vehicles (ATV) Tires. Balkrishna Industries Ltd CMP is 2568.55.
The Negative aspects of the company are High Valuation (P.E. = 47.4) and Declining annual net profit. The positive aspects of the company are Low debt, zero promoter pledge, FIIs increasing stake, and MFs increasing stake.
Entry can be taken after closing above 2579. Targets in the stock will be 2627 and 2675. The long-term target in the stock will be 2740. Stop loss in the stock should be maintained at Closing below 2465.
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.
BBRI: Rising Net Profit, Potential for a Bullish Run Ahead?Hi Realistic Traders. Here's my price action analysis on BBRI!
BBRI has once again surged above its bullish trendline, maintaining its bullish trend. Additionally, the stock has shaped a bullish divergence and a descending broadening wedge pattern. These combined patterns often signal a strong likelihood of continued bullish momentum. Most notably, it has recently broken through the upper trendline, suggesting a compelling opportunity for further upside movement toward the target area.
Fundamental Driver:
In September 2023, BBRI reported a consolidated net profit of Rp44.21 trillion in the third quarter of 2023, marking a 12.47% increase from the same period in the previous year when it was Rp38.31 trillion. This positive development supports the projected outlook."
it is essential to note that the analysis will no longer hold validity once the target/supprot area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on IDX:BBRI ."
Please support the channel by engaging with the content, using the rocket button, and sharing your opinions in the comments below!
Vinati Organics seems to have formed a Triple bottom Vinati Organics Ltd. CMP – 1758.45 (Long Term Investment Idea / Trying to come out of the slump)
Market Capitalization Rs 18,073.7Cr
Red Flags:🟥
High Valuation (P.E. = 44.3)
Green Flags:🟩
No debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Improving annual net profit
Improving cash from operations annual
Previous Happy Candles Number – 53/100
New Happy Candles Number – 55/100
X/3 Fresh Entry/ averaging / compounding after closing above 1778 (Tracking Quantity).
Second Entry 1835
Final Entry 1902
Targets: 1960 and 2002
Long term target: 2035
Stop loss: Closing below 1693
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.
JP MORGAN Approaching the ideal sell level.JP Morgan Chase (JPM) has been trading within a Channel Up pattern since the October 12 2022 market bottom. Currently it is on a relentless rally since the October 27 2023 Higher Low, which is technically the Bullish Leg towards the Channel's top and new Higher High.
The peak points of the previous two main Bullish Legs of the Channel Up, took place when the 1D RSI formed Lower Highs against the price's Higher Highs, which is a technical Bearish Divergence. Since the price is currently so close to the top of the Channel Up, we will wait for the RSI to form that Lower High sequence and enter a confirmed sell. Our target will be 163.00, which is a projected contact with the 1D MA50 (blue trend-line) and the 0.382 Fibonacci Channel level, which has always been reached during Bearish Legs.
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Solara Active makes and active progress on charts. Solara Active Pharma is a pure API play in the pharma sector. They offer a full spectrum of contract development and manufacturing solutions to clients worldwide powered by its Research & Development (R&D) Centre.
The negative aspects of the company are promoters deceasing stake Q onQ and high pledging. Positive aspect of the company is increase in net profit Q on Q and stock rising after making a bottom.
Entry can be taken after closing above 384. Targets in the stock will be 397 and 414. Long term target will be 428 and 440. Stop loss in the stock should be maintained at Closing below 317.
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.
Greaves cotton starting to look strong again. Greaves Cotton Ltd.CMP 144.45 is an Indian conglomerate engineering company that manufactures Clean-tech Powertrain Solutions for petrol, diesel and CNG engines and heavy equipment. The company has taken strongly into E-Mobility business by launching its own range of Two wheelers.
Negative aspects of the company are high valuations (Negative PE), MFs decreasing stake and decline in net profit. Positive aspects of the company are Zero promoter pledge, Low debt and EPS Growth.
Entry can be taken after closing above 146. Targets in the stock will be 155. The long-term target in the stock will be 164+. Stop loss in the stock should be maintained at Closing below 132.
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.
Maruti trying to move again. Maruti Suzuki India Ltd. is India's largest passenger car company, accounting for over 42%+ of the domestic car market. The Company offers a full range of cars from entry-level to SUV. It has manufacturing facilities capable of producing 1.5 million units per annum. The other activities of the Company include the facilitation of pre-owned car sales, fleet management, and car financing. The Company became the largest subsidiary of Suzuki Motor Corporation (SMC) of Japan, which currently holds 56.48% of its equity stake.
Maruti Suzuki Ltd CMP is 10217.15. The Negative aspects of the company are High Valuation (P.E. = 28.3), and FIIs decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, MFs increasing stake, improving annual net profit, and Improving cash from operations annually.
Entry can be taken after closing above 10387. Targets in the stock will be 10502 and 10628. The long-term target in the stock will be 10804 and 10931. Stop loss in the stock should be maintained at Closing below 9825.
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.
Hikal looking to call back glory day on chart.Hikal Ltd. is engaged in the manufacturing of various chemical intermediates, specialty chemicals, active pharma ingredients, and contract research activities. Presently, it is operating in the crop protection and pharmaceuticals space.
Hikal Ltd CMP is 303.95. The Negative aspect of the company is High Valuation (P.E. = 45.8) and declining annual net profit. The company's Positive aspects are Low debt, zero promoter pledge, FIIs increasing stake, MFs increasing stake, and Improving cash from operations annually.
Entry can be taken after closing above 311. Targets in the stock will be 320 and 329. The long-term target in the stock will be 350. Stop loss in the stock should be maintained at Closing below 292.
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.