AMD laying path to the All Time High.Advanced Micro Devices (AMD) hit our 133.15 target that we called for a month ago (see chart below):
The price is now extending the rise within the multi-month Channel Up, approaching the 0.618 Fibonacci Channel level. This is where the March 23 High was made with the rejection that followed, approaching the 1D MA200 (orange trend-line). As long as the short-term Channel Up (as you see it is a very common pattern within the wider structure) holds, we will be bullish, targeting 160.00 (Fibonacci 0.786 and close to the All Time High). If the short-term Channel Up breaks, we will sell and target the 0.236 Fibonacci and 1D MA200 at 110.00 (or if contact is made higher, then close on that price).
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Stocksignals
Punjab & Sind Bank looking solid as a tank. Punjab & Sind Bank Ltd. is engaged in the Business of Deposits, Loans & Advances and Remittances & Collections. Punjab & Sind Bank Ltd CMP is 44.45.
The Negative aspect of the company is moderate valuation (P.E. = 25.7). Company's Positive aspects low debt, zero promoter pledge, MFs are increasing stake, improving annual net profit, Improving cash from operations annual.
Entry can be taken after closing above 45.50. Targets in the stock will be 47.25 and 50.70. The long-term target in the stock will be 53+. Stop loss in the stock should be maintained at Closing below 38.
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.
DCM Shriram slowly forming a cup and handle pattern. DCM Shriram Ltd. is a diversified company with business in Agri, chemicals, plastics, cement, textiles and energy services. DCM Shriram Ltd CMP is 960.15.
The Negative aspects of the company are Declining annual net profit, MFs are decreasing stake. The positive aspects of the company are No debt, zero promoter pledge, FIIs are increasing stake, Improving cash from operations annual.
Entry can be taken after closing above 969. Targets in the stock will be 1001 and 1045. The long-term target in the stock will be 1094 and 1119. Stop loss in the stock should be maintained at Closing below 923.
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.
APPLE Technical top at $210.Apple (AAPL) hit on Friday our $195.00 short-term target which we called on our latest November 12 analysis (see chart below):
The rally seems far from over as the recent pull-back turned out to be only a Bull Flag pattern, which typically prompts to a continuation of the trend. Being within a long-term Rising Wedge pattern, this pull-back resembles, even on 1D RSI terms, that of March 02, only on weaker strength (reasonably as the sequences get narrower towards the end of the pattern).
That first rally of the Wedged peaked just above the 1.382 Fibonacci extension. The current sequence's 1.382 Fib is at $210.00, which falls perfectly at the top (Higher Highs trend-line) of the Rising Wedge, and that is our medium-term target.
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📈 Google Analysis - A Conundrum! 🚀Our entry into Google was perfectly timed, thanks to the limit order. Now, we face the challenge after our subordinate 5-wave structure, where we completed Wave 1 with an abrupt Expanded Flat (a, b, c). The question arises: is this already Wave 2, or is it Wave ((a))? Currently, it appears to be a triple correction upward, specifically a Regular Flat.
Possibly, there might be a downward correction, perhaps to a Double Bottom around $128, the level of our entry. That would then finalize Wave 2. This scenario is possible, though not definitive. There could be another decline in Google in the coming days before it takes a decisive upward turn. 📈🚀
Accelya Solutions is a high dividend paying IT co.Accelya Solution Ltd. CMP – 1390.55
Market Capitalization Rs 2,075.6Cr
Red Flags:🟥
MFs are decreasing stake
Green Flags:🟩
No debt
Zero promoter pledge
FIIs are increasing stake
Improving annual net profit
Improving cash from operations annual
Dividend Yield @CMP = 4.67%
Previous Happy Candles Number – 60/100
New Happy Candles Number – 60/100
X/2 Fresh Entry/ averaging / compounding after closing above 1417
Final Entry 1439
Targets: 1483, 1513 and 1571
Long term target: 1642 and 1749
Stop loss: Closing below 1339
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.
Devyani International trying to capture a market traditionalDevyani International Ltd. is a multi-dimensional comprehensive quick service restaurant (QSR) player in India. The Company is primarily engaged in the business of developing, managing, and running QSR and food courts for brands such as Pizza Hut, KFC, Costa Coffee, Vaango, The Food Street etc., and retail stores of TWG Tea. Devyani International Ltd CMP is 186.75.
The Negative aspect of the company is High Valuation (P.E. = 126.9), MFs are decreasing stake, Promoter Holding decreasing. The company's Positive aspects are No debt, zero promoter pledge, FIIs are increasing stake, improving annual net profit, Improving cash from operational activities etc.
Entry can be taken after closing above 190. Targets in the stock will be 198 and 213. The long-term target in the stock will be 220. Stop loss in the stock should be maintained at Closing below 174.
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.
META Is it a BUY again?Meta Platforms (META) hit our $320.00 target after our most recent November 19 call (see char below) following a clear rejection on the Higher Highs trend-line:
The stock has since held the 1D MA50 (blue trend-line) as its short-term Support and turned into a buy again. The short-term target is still limited to the Higher Highs trendline and in that sphere of logic, we will target $350 (Target 1).
If however Support 1 (313.50) breaks, we might see another almost -16% decline, similar to the previous two bearish legs since July 28, which can test the 1D MA200 (orange trend-line). That will be the strongest buy opportunity on the medium-term and we will target again the Higher Highs trend-line at $360 (Target 2).
Any candle closing above the Higher Highs trend-line will be an automatic bullish break-out signal, targeting straight the All Time High at $384.50.
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COCA COLA preparing a final rally to $62.00The Coca-Cola Company (KO) is trading within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) following the October 06 market bottom, the lowest level it's been since March 25 2021. This rally since the bottom is technically the (e) - (f) bullish wave of the symmetrical pattern that the stock traded in from April 25 2022 to December 14 2022. Both are Bearish Megaphone patterns with underlying common characteristic, the Lower Highs Zone, which effectively keeps KO still within the Bear Cycle that started on the April 25 2022 All Time High (ATH).
With the 1D RSI backing up the pragmatic correlation that the wave-length has one more extension to give, we remain bullish on Coca-Cola, targeting $62.00, which is marginally below both the bottom of the Lower Highs zone as well as the 0.936 Fibonacci retracement level, which is the symmetrical level where the December 14 2022 Lower High was priced at.
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Tata Chemicals can be slow but is looking solid.Tata Chemicals Ltd. CMP – 1011.90 (Long Term Investment Idea)
Market Capitalization Rs 25,778.8Cr
Red Flags:🟥
FIIs are decreasing stake
MFs are decreasing stake
Green Flags:🟩
No debt
Zero promoter pledge
Improving annual net profit
Improving cash from operations annual
Dividend Yield @CMP = 1.78%
Previous Happy Candles Number – 87/100
New Happy Candles Number – 79/100
Fresh Entry/ averaging / compounding after closing above 1031
Targets: 1063 and 1084.
Long term target: 1108+.
Stop loss: Closing below 935.
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.
SNAP The best short on the market.Snap Inc (SNAP) has been on an incredible rise since practically October 26, which was straight after the bottom on the Higher Lows trend-line of the 1-year Bullish Megaphone pattern. Technically that is the pattern's 4th bullish leg towards its top (Higher Highs trend-line). The price is very close to that level, which is also where the 1W MA100 (red trend-line) is waiting.
That is a trend-line that has been untouched for almost two years (January 04 2022). Obviously it is a major Resistance and coupled with the fact that the 1D RSI, besides touching its Higher Highs trend-line, is on the highest overbought level in three years (Oct 23 2020), makes a case for one of the strongest sell stock picks in the market.
All of the Megaphone's Higher Highs rejections have pulled-back to at least the 0.5 Fibonacci retracement level before a bounce. As a result, as long as we close the 1W candles below the 1W MA100, we are shorting Snap, targeting 12.00 (slightly above the 0.5 Fib).
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TESLA I Rise Coming SoonWelcome back! Let me know your thoughts in the comments!
** TESLA 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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Sona BLW Precision can be a good decision. Sona BLW Precision Forging Ltd. CMP – 578.75
Market Capitalization Rs 33,940.3Cr
Red Flags:🟥
High Valuation (P.E. = 73.3)
MFs are decreasing stake
Green Flags:🟩
No debt
Zero promoter pledge
FIIs are increasing stake
Improving annual net profit
Improving cash from operations annual
Previous Happy Candles Number – 57/100
New Happy Candles Number – 70/100
Fresh Entry/ averaging / compounding after closing above 582
Targets:604 and 626
Long term target: 663
Stop loss: Closing below 540
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.
SPOTIFY Buy opportunity on the 4H MA50.Spotify (SPOT) opened considerably higher yesterday but almost closed the 1D candle flat as it couldn't diverge more from the general bearish market sentiment. Clearly this opening jump indicates the stock bias to continue the bullish leg of the Channel Up that started on October 23, but a small pull-back along the majority of the market is probable, which can serve as a more comfortable buy entry for a rally to the end of the year.
Based on the 1D CCI, we may be in a similar situation as February's temporary top, which pulled back and only found support on the 4H MA50 (red trend-line). As a result we are looking for a new buy on the 4H MA50 in order to target the 0.786 Fibonacci level at 208.00.
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MICROSOFT The 1D MA50 will be the buy opportunity for Xmas.Microsoft (MSFT) is trading inside a Double Channel Up pattern, with the longer term one (blue) starting on the January 06 bottom while the shorter term one (dotted) starting on the September 14 High. The latter Channel Up can be seen with the same structure earlier within the long-term Channel Up as well. It started after the stock pulled back and hit the 1D MA50 (blue trend-line), which provided a strong rebound.
The same kind of 1D MA50 test took place on October 26, which initiated the current bullish leg (November). As the 1D RSI is posting a Bearish Divergence (Channel Down) simiarl to March 17 - April 12 and the 1D MACD completing a Bearish Cross, we expect one final pull-back towards the 1D MA50. That can be the ideal buy entry for the end-of-the-year rally. Our long-term target is always $460, representing a +43.50% rise from the 1D MA50 bounce (similar to March 13).
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TESLA Moment of truth for long-term buying. Will it fail?It was almost a month ago (November 03) when we called for the start of a rally on Tesla (TSLA) as part of the bullish leg towards the top of the Falling Wedge pattern (see chart below):
Today the stock hit our $250 target and immediately got rejected at the top (Lower Highs trend-line) of the Wedge. That was on the 0.786 Fibonacci retracement level of the previous Lower High, the exact symmetrical level where the September 15 High was rejected.
This is a critical moment for the trend as failure to break and close a 1D candle above the Lower Highs trend-line, will maintain the bearish structure of the Falling Wedge, forcing us to sell again and target the 0.618 Fib level at $217.15. If however we close that 1D candle above, the Falling Wedge gets invalidated and with that the bearish trend, which transitions into a Channel Up (dotted lines) on the medium-term. In that case we will dump the short (low risk with the SL on the Lower Highs) and resume buying, targeting Resistance 1 at $268.85.
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🚗Tesla🚗 will Go Up at least 🚀➕10%🚀👋Hi, today I want to introduce you to a stock that is likely to grow by at least ➕10% in the coming days or in the coming week .
🚗The name of this stock is Tesla(TSLA) .
🥇After the Golden Cross was seen in Tesla, I hope there is more for the Tesla to grow.
📚🥇 Golden Cross Signal 🥇: In technical analysis, a golden cross occurs when the 50-day Moving Average(MA) crosses above the 200-day moving average. It's a bullish sign, indicating that the market may be heading toward a longer-term uptrend or bull market.
✅Currently, Tesla reacted well to the Uptrend line and SMA(100) and started to grow with a Bullish Marubozu Candle yesterday.
🔔I expect Tesla to close the Breakaway Gap soon and grow at least ➕10% .
If you want to know about the types of Gaps , you can read the following article.👇
Tesla (TSLAUSD) Analyze, Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
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💻Microsoft Corp💻 ➕20% growth potential🚀✅ Microsoft Corp reacted well to the 🟢 Support zone($317_$300) 🟢 and reached the Downtrend line .
🌊According to the theory of Elliott waves , Microsoft Corp completed the main wave 4 [Zigzag(ABC/5-3-5) ] in the 🟢 Support zone($317_$300) 🟢 so that the main wave 3 structure was Extended .
🔔I expect Microsoft Corp to rise to the minimum 🔴 Resistance zone($366_$344) 🔴 after the downtrend line is broken, and if the resistance zone is broken, it will rise to the end of the main wave 5 that I specified in the char(➕ 20% ).
Microsoft Corp (MSFTUSD) Analyze, Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
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RIVIAN Potential triple bullish break-out ahead. Target $21.00.Rivian Automotive (RIVN) remained supported within the (green) Higher Lows Zone and on a significant Bullish Divergence on the 1D RSI (in the form of a Channel Up). This is an early bullish sentiment signal but the real technical catalyst is right ahead.
That is the Triple Resistance zone consisting of the Inner Lower Highs trend-line as well as the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line). This is a strong bullish combo signal if broken but in our personal opinion breaking and closing a 1D candle above the Inner Lower Highs will suffice. If successful, we will target $21.00 (the 0.618 Fibonacci retracement level, which would make a Lower High at the top of the 4-month Bearish Megaphone (the 0.618 Fib was where the previous Lower High was formed).
The pattern since the July 27 top is a Bearish Megaphone and Tuesday's low isn't only a Higher Low on the Support Zone but also a technical Lower Low on the Megaphone's bottom. The previous Lower Low rebound formed a top on the 0.618 Fibonacci level. As a result our short-term bullish target is $21.00.
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Paradeep Phosphate if you missed it earlier it is not too late.Paradeep Phosphates Ltd. CMP – 66.10
Market Capitalization Rs 5,385.4Cr
Red Flags:🟥
High Valuation (P.E. = 33.7)
Declining annual net profit
Declining cash from operations annual
Promoter Holding decreasing
Green Flags:🟩
Low debt
Zero promoter pledge
FIIs are increasing stake
MFs are increasing stake
Previous Happy Candles Number – 35/100
New Happy Candles Number – 50/100
Fresh Entry/ averaging / compounding after closing above 67
Targets: 69 and 71
Long term target: 73 and 75
Stop loss: Closing below 58
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.
NETFLIX Expect this rally to be extended.Almost a month ago (October 31) we gave a strong buy signal (chart below) on Netflix (NFLX) with the price reacting immediately having entered a non-stop rise:
Due to the sheer aggression of the current bullish leg of the Megaphone as compared to its previous ones though, we have to downgrade our medium-term target to $580, which will make a perfect +69.30% rise from the bottom as the July 18 High. Their RSI patterns are quite similar, though obvious that the current is more aggressive, hence will correct equally aggressively at some point, probably early-mid January 2024.
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GOOGLE Buy the pull-back for a $145 Santa's rally.Alphabet Inc (GOOG) gave us a great +20% pre-earnings bullish signal last time we looked at it (July 25) that hit the $140.00 target before pulling back (see chart below):
Right now the price is above the 1D MA50 (blue trend-line), within two Channel Up patterns, with the latter being the (diverging) dotted one. With the 1D RSI hitting its Lower Highs trend-line that has caused technical pull-backs since July 28, we expect a short-term correction near the 1D MA50 and then rebound to price the Channel Up Higher High at $145.00. That will complete a +20% rise from October's bottom, which has been the average % rise for a bullish sequence within 2023.
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