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Swingtrading

Buyback Watch for Swing TradingEarnings are over so buybacks are back in the mix. The market is likely to continue to be volatile and choppy until all the ETF investors who want to sell have done so. Then, the uptrend is likely to resume because there are not enough barometers warning of a recession AND we just had one 3 years ago. Buybacks tend to drive price up, so they are a good swing and momentum trading strategy. Notice how neatly the support from previous highs halted the run down. Reversal points at strong support levels are one area to watch for buyback patterns.
NASDAQ:AAPL
by MarthaStokesCMT-TechniTrader
1
SWING IDEA - GLAXO SMITHKLINE PGlaxoSmithKline Pharmaceuticals , a major player in the pharmaceutical industry, is displaying technical signals that suggest a potential swing trade opportunity. Reasons are listed below : Breakthrough of Strong Resistance (1800-1900) : The 1800-1900 range was a significant resistance level. The price has broken through, retested, and is now making new highs, indicating strong bullish momentum. Breaking a 9+ Year Consolidation Phase : The stock has emerged from a consolidation phase that lasted over 9 years, signaling a potential new long-term bullish trend. Bullish Engulfing Candle on Weekly Timeframe : The recent bullish engulfing candle on the weekly chart indicates a significant shift towards bullish sentiment, engulfing the previous week's candle and suggesting further upward movement. 0.5 Fibonacci Support : The stock has found support at the 0.5 Fibonacci retracement level, reinforcing the potential for a continued bullish trend after a retracement. Increased Volumes : A noticeable increase in trading volumes confirms the strength of the price move, indicating strong investor interest and participation in the current trend. Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and the potential for further gains. However, it's also important to monitor for signs of overextension or profit-taking at these levels. Target - 2940 // 3600 Stoploss - weekly close below 1950 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
NSE:GLAXOLong
by Visionary_Growth_Insights
SWING IDEA - STERLING AND WILSON SOLAR SW Solar is showing promising technical signals that suggest a potential swing trade opportunity. Reasons are listed below : 620-650 Crucial Support Zone : The 620-650 range has been a strong support zone, indicating significant buying interest and providing a solid base for potential upward movement. Bullish Engulfing Candle on Daily Timeframe: The formation of a bullish engulfing candle on the daily chart suggests a potential reversal, signaling strong buying pressure. 'W' Pattern Formation : The 'W' pattern, a bullish reversal pattern, indicates that the stock might be ready to break out to the upside. Bullish Marubozu on Weekly Timeframe : A bullish marubozu candle on the weekly chart indicates strong buying pressure, suggesting that the bulls are in control. 100 EMA Support on Daily Timeframe : The stock is finding support at the 100-day exponential moving average, reinforcing the overall bullish sentiment and providing a reliable support level. Target - 828 // 955 Stoploss - daily close below 620 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
NSE:SWSOLARLong
by Visionary_Growth_Insights
ITDCEM Going 2 Break All Time High With Huge Positive NumbersNSE:ITDCEM Over 90 years of rich industry experience ...................................................................................... ...................................................................................... Company is expected to give good quarter, Company has delivered good profit growth of 26.4% CAGR over last 5 years ...................................................................................... ...................................................................................... Amongst the leading infrastructure & construction company in Thailand for over 60 years. ...................................................................................... ...................................................................................... Received ‘The Royal Seal of Garuda’ in 1985 - Highest and most honorable achievement for civilian companies in Thailand Global presence in India, Bangladesh, Lao PDR, the Philippines, Vietnam, Africa etc. Access to the latest technology and know-how, international design and engineering as well as skilled personnel to augment our local strength. ...................................................................................... ...................................................................................... MULTI YEAR REVENUE VISIBILITY ORDERBOOK OF RS 18,536 CRORE. • Secured orders worth over Rs 1,053 crore in Q1 FY25. • Clientele comprises of Government (48%), PSU (17%) and Private Sector (35%). • Established presence in India with 13 states / 1 union territory and is currently executing project in Sri Lanka and Bangladesh ...................................................................................... ...................................................................................... Major Projects under execution worth of Rs 6,401 crore. Marine project in Bangladesh. West Container Terminal in the Port of Colombo, Sri Lanka. Balance Outer Harbour Works in Andhra Pradesh. Piers, Landside Tunnels & Building in Karwar, Karnataka. Udangudi project in Tamil Nadu. Wharf and Approach trestle works at JNPT in Maharashtra. Captive Oil Jetty at Kamarajar Port in Tamil Nadu. Third Berth (Jetty) at Dahej LNG Terminal in Gujarat ...................................................................................... ...................................................................................... Major Projects under execution worth of Rs 3,936 crore. Underground tunneling and stations for metros in Chennai, Bengaluru, Mumbai and Kolkata. Elevated metro stations and buildings in Kolkata Depot metro building in Surat Modification & Refurbishment of terminal buildings in Ahmedabad airport ...................................................................................... ...................................................................................... Major Projects under execution worth of Rs 2,717 crore Six laning road project in Uttar Pradesh ...................................................................................... ...................................................................................... Major Projects under execution worth of Rs 2,341 crore Redevelopment of Residential colony at Kasturba Nagar in New Delhi. Circuit bench of Calcutta High Court at Jalpaiguri in West Bengal. Thal Sena Bhawan in Delhi. Aerospace museum at AF station in Palam, Delhi. Piling and Civil work for Coke Oven Project at Hazira plant in Gujarat. Construction of buildings for Sikkim University ...................................................................................... ...................................................................................... Major Projects under execution worth of Rs 2,120 crore Railway tunnels in West Bengal and Sikkim. Civil & Hydro-Mechanical Works of 500 MW Hydel Power, Pumped Storage Project in Andhra Pradesh. Water conveyor system of lined gravity canal/tunnels in Telangana
NSE:ITDCEMLong
by iism-ExpertTrading
3
Bitcoin Down 14% from Halving Event: What Happens from HereThree posts ago, we discussed the intricate relationship between Bitcoin’s halving events and broader economic conditions. The recent market developments have indeed proven this connection, as Bitcoin has experienced a significant 14% drop since the halving event on April 20th 2024. Context of the Recent Market Crash Several factors have contributed to Bitcoin's recent decline: 1. Macro-Economic Conditions : The Bank of Japan's rate hike on July 31, 2024, significantly impacted global markets. This move made borrowing more expensive, disrupting the carry trade involving the yen and causing a ripple effect across various asset classes, including cryptocurrencies. 2. Market Sentiment and Sell-offs : The anticipation of Mt. Gox creditor repayments, releasing around $8 billion worth of Bitcoin into the market, created fear among investors, prompting a sell-off that drove prices down to as low as $53,600. 3. Broader Equity Market Decline : Global equity markets have also been under pressure, with major indices experiencing significant losses. This broader market downturn has influenced Bitcoin's price, as investors often sell off riskier assets during periods of economic uncertainty It's Not All Doom and Gloom Over the long term, Bitcoin has always shown resilience and growth, particularly in the years following a halving event. Historically, Bitcoin's price tends to experience significant increases 6-12 months after each halving. This pattern has been consistent across the previous three halving events: 2012 Halving: Bitcoin surged from around $12 to over $1,000 within a year. 2016 Halving: Bitcoin climbed from approximately $650 to nearly $20,000 within 18 months. 2020 Halving: Bitcoin soared from $8,000 to over $60,000 in the following year. These historical trends indicate that despite short-term volatility and market downturns, Bitcoin has a strong track record of long-term growth. This resilience is driven by the fundamental principle of reduced supply through halvings, which creates scarcity and can drive demand. Position Update from Our Trend Model The Model had gone cash one day prior to the sell-off, resulting in a small loss of 6% from the long entry price back in July, the model was however able to avoid what was to come after that, which was a 20% drawdown within 72 hours. The model remains bearish for the medium term and we'll update in another post when the time comes. As always, it is crucial to conduct thorough research and consider both macroeconomic factors and market sentiment when making investment decisions. Stay tuned for more updates and insights as we continue to monitor the evolving market conditions and their impact on primarily crypto 🚀.
by AlgoAlpha
2
Gold bulls returning after 4 down daysGold prices look set to bounce over the near-term after they closed lower for a fourth consecutive day. Monday's aggressive selloff held above $2400, and a late recovery saw half of the day's losses handed back - to close the day with a lower wick. Tuesday's range held above Monday's low and mostly traded within Monday's lower wick, which suggest liquidity gaps are being filled and support is beginning to build. The 1-hour chart shows that a bullish divergence formed with RSI (14), and a series of lower wicks further shows a loss of bearish momentum. Prices are now testing trend resistance, a break above which brings the 2460 highs and high-volume node (HVN) into focus around 2473.
COMEX:GC1!Long
by CityIndex
PARAS DEFENCE Getting Support @ Previous ALL Time HighNSE:PARAS Positive factors – The outlook will be revised to Stable if the company demonstrates a material improvement in its working capital cycle and liquidity position, along with improvement in earnings and scale of operations. Healthy order book provides medium-term revenue visibility – The company’s fresh order inflows over the past four fiscals remained adequate, with orders worth ~Rs. 621 crore added in the last 21 months ending December 31, 2023. The pending order book of Rs. 526.3 crore as on December 31, 2023 (OB/OI ratio of 2.4 times of the OI in FY2023) provides medium-term revenue visibility. Comfortable capital structure and healthy coverage indicators – The company’s capital structure remains comfortable with TOL/TNW of 0.3 times as on September 30, 2023, supported by equity infusion of Rs. 162.3 crore during FY2021-FY2022 and low debt levels. The interest coverage stood at 12.2 times in 9M FY2024 due to the limited dependence on external borrowings to fund its working capital. Going forward, ICRA expects the coverage indicators to remain comfortable, benefitting from the scale-up in operations, given the strong order pipeline. Extensive experience of management team – PDSTL’s promoters have more than three decades of experience in designing, developing and manufacturing a wide range of engineering products and solutions for the defense and space sector in the domain of optics, heavy engineering and electronics. Its long presence in the defence and space sector has helped to establish strong relationships with its customers as well as suppliers. It has developed a strong management and execution team comprising several ex-employees of BEL and DRDO, among others. High working capital intensity due to elongated receivables cycle – The business is working capital intensive with NWC/OI of 88.3% and 114.8% in FY2023 and H1 FY2024, respectively, owing to the high inventory holding period and long receivables cycle. The inventory levels are high because of additional stocking of critical raw materials to avoid any disruption in the delivery schedules and high work-in-progress due to elongated manufacturing cycle. PDSTL has been partly managing its working capital cycle by stretching its trade payables by more than three months as it has a longstanding relationship with most of its suppliers and availing mobilisation advance for part orders. Going forward, the company’s ability to alleviate its working capital intensity while scaling up its revenues and improving its operating margins will be the key rating monitorable. Moderate scale of operations – Though the company reported a robust YoY revenue growth of 21% and 10% in FY2023 and 9M FY2024, respectively, supported by healthy order book and the timely execution of orders, the scale of operations still remains moderate. Given the Government’s thrust on ‘Make in India’ in the defence sector, PDSTL has been mainly catering to domestic demand (~84% of OI contributed by domestic orders in FY2023). Driven by the healthy order book status, ICRA expects the company to sustain its revenue growth in FY2024 and FY2025. High customer concentration risk, though largely mitigated by reputed customer base and repeat orders – The company faces client concentration risk with top three clients contributing 46% to the total order book as on December 31, 2023 and top five clients accounting for 51% of the revenue in FY2023. The client profile mostly comprises government organisations with repeat orders received over the years, largely mitigating the counterparty credit risk. A major part of PDSTL’s clientele included reputed government organisations, namely Laboratory for Electro-Optics Systems (a unit of ISRO), BEL, Instruments Research and Development Establishment (a unit of DRDO) and private companies like RRP S4E Innovation Private Limited and Unifab Engineering Project Private Limited. The company has long standing relationships with most of its clientele. PDSTL also exports to companies based in Israel, Singapore and USA.
NSE:PARASLong
by iism-ExpertTrading
CERA SANITARYWARE is At ALL TIME HIGH with Positive NumbersNSE:CERA Established market position in the sanitaryware segment and diversified revenue profile: Cera has a track record of nearly three decades, strong brand image and a large retail network in the sanitaryware industry. It is one of the leading players in this segment, which has been one of the largest revenue contributors over the years, accounting for around 47% of turnover in fiscal 2024. Over the past few years, Cera has been leveraging its strong market position in the domestic sanitaryware industry by venturing into related business segments, such as faucets, tiles and wellness and allied products, thus becoming a complete bathroom solutions provider. Successful diversification into related businesses has helped lower dependence on the sanitaryware business, besides improving the efficiency of the distribution network. Intense competition and volatile demand from the real estate sector led to sluggish revenue growth in fiscal 2024. However, with improving demand prospects expected and demand from real estate to remain healthy with projects reaching completion over the next 2-3 years, revenue in the sanitaryware segment is likely to see healthy growth over the medium term. Sanitaryware, faucetware, tiles and other products accounted for 47%, 36%, 10% and 7%, respectively, of the company’s turnover in fiscal 2024. Also, the company has presence across various domestic markets in south, east, north and west, providing adequate geographical diversity. Healthy financial risk profile: Networth was healthy at Rs 1,358 crore and gearing low at 0.02 time as on March 31, 2024. Debt protection metrics are expected to remain strong, in the absence of large, debt-funded capex and healthy operating performance. Cash accrual is expected at ~Rs 180-230 crore per annum and will comfortably fund the capex plans in fiscals 2025 and 2026 and incremental working capital requirement. Hence, reliance on debt is expected to be low, sustaining strong debt metrics over the medium term. Company is almost debt free. Company has been maintaining a healthy dividend payout of 31.4%. ZERO DEBT COMPANY Cash and Cash Equivalents of Rs. 828 crore; primarily liquid investments. • No Contingent Liabilities for Joint Ventures POSITIVE FREE CASH FLOW EVERY YEAR Consistent cash generation each year • Annual Capex requirement < Free Cash flow generation. • Increasing gap between annual cash flow generation less dividend outflow and capex. • Regularly paid dividends for the last 30 years + AGGRESSIVE FOCUS ON CAPEX Fixed Asset turnover of ~5.6x. • Uniform organization-wide policy to monitor receivables – credit not used to drive revenues. • ERP automatically shuts down fresh supplies to dealers / customers with dues in excess of 45-60 days Multilayered Marketing Infrastructure. ⚫ Enhances retail experiences, retailer owned ⚫ Currently 1,067 Cera Style Centre’s (CSC’s) operational ⚫ Over 1,400 CSCs planned in the next 3-4 years ⚫ Minimum size of showroom ranges between 100 sq. ft. - 500 sq. ft. Multilayered Marketing Infrastructure ⚫ 11 CERA Style Studios (CSS): Ahmedabad / Mumbai / Bengaluru / Kolkata / Cochin / Hyderabad / Trivendrum / Morbi / Kadi / Mohali & Lucknow (Upcoming) ⚫ Discerning customers including influencer's can touch and feel products ⚫ No sales orientation / pressure ⚫ The average size these company owned showroom are approx. 7,000 sq.ft. ⚫ With more than 14,000 sq.ft. of display, Hyderabad CSS is the largest company showroom in this industry
NSE:CERALong
by iism-ExpertTrading