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Chart Patterns

Nifty 12-12-2024 Weekly expiryGift nifty is trading at 31 points down and expected to rebound. Expecting NIFTY to make an upside move till 24748 and hold or even move to 24859 levels but before that it will downward move to a lower support levels 24548 or nearby. Suggestion No call selling if volatility is high. Only if it hits 24450 and makes it as its resistance. One profit booking is expected at or near 24748. If it holds reentry suggested but no holding long. Again full risk n no stop loss so small positions suggested. Stay ATM. Expecting everyone to recover stop losses bearings everyone has taken for last 3 days.
NSE:NIFTYLong
by ajayekka002
ASIAN PAINTS FOR 50% GAINLeading company in the paints sector, Hit by the fear of new players coming in to the sector to disrupt the market, but the reality is The old player & the big player remains tobe the leader in the industry. In the long term There's no sign of slowdown in the future. Asian Paints, Indigo Paints, Berger Paints, Kansai Nerolac All are looking Lucrative . Per capita paint consumption is very low compared to global average. India's growth story for Upcoming decades looks Strong indicates a rise in the Paint consumption. The leading company in the paints sector knows how to tackle competition. The price is at support of multiple times. Multiple patterns are in making on the longer time frame. Asian paints is trading far below it's Average P/E of past 5 years. Big Institutions and Mutual funds are buying at this price level. Note: May have positions in the Stock and it's peers.
NSE:ASIANPAINTLong
by Billionaire_Anant
EUR/USD decreased before the ECB interest rate callThe EUR/USD exchange rate fell in the fourth day in a row, it took 0.25 percent and dropped to 1,0500 when deciding the latest interest rates of the European Central Bank still put pressure on the delivery houses. Fiber translation. Today EURUSD broke under the EMA 89 at 1,05466, with EMA 34 at 1.05294 played an important role in the dynamic resistance. It is expected that after EURUSD touches the resistance of 1,05145, it will continue to be maintained. The nearest support is still at 1,04780, an important psychological area, if this level is broken, the money pair can decrease deeper to 1,04200. Traders should closely monitor the ECB interest rate information, and pay attention to the upcoming US CPI data, because this will be the decisive factor for the next trend.
Short
by Sophi-A
EURUSD is currently in a downtrend channelOn the chart, the EURUSD pair is currently trading in a downtrend channel. In addition, the EMA 89 is currently above the EMA 34, which shows that the short-term downtrend is dominant, especially in the context of the USD being supported by recent positive economic data. Personally, I see that the short-term trend is still down. In the coming time, if this currency pair breaks out of the 1.04500 level, it will fall to the next target around 1.04000.
by luxubu_trader
Updater Service Ltd. Good for a short swing. - At a support -Good ROE ROCE - Risk 11% Updater Services Limited: UDS Operates as an integrated business services provider in India, offering solutions in facilities management (IFM) and business support services (BSS). It caters to industries like hospitality, manufacturing, and IT, providing services such as housekeeping, pest control, logistics, staffing, and sales enablement. Financial Overview: Revenue Growth: The company achieved a trailing twelve-month revenue of ₹26 billion as of September 2024, with a growth rate of 13.52% year-over-year. Profitability: Net income stood at ₹985.8 million for the same period. Earnings: Its Q2 FY2025 earnings per share (EPS) increased to ₹4.20 from ₹1.86 in Q2 FY2024, reflecting strong performance. Market Capitalization: ₹27.42 billion, with a P/S ratio of 1.05, indicating a reasonable valuation relative to its sales. Growth Prospects: 1. Acquisitions: UDS has been expanding its portfolio through acquisitions, such as stakes in Athena BPO and Denave India, which enhance its service offerings and geographical reach. 2. Industry Demand: The integrated facility management market in India is growing, driven by demand from corporates for comprehensive services. 3. Potential Risks: Insider selling and valuation concerns indicate some investor caution despite recent performance improvements. Overall, UDS demonstrates robust growth potential supported by consistent revenue increases and strategic acquisitions. However, investors should monitor valuation levels and insider activity for signs of market sentiment changes.
NSE:UDSLong
by sagartharayil
USD/JPY Gains Momentum Amid Stronger Dollar and Rising YieldsUSD/JPY is showing clear bullish momentum as the US Dollar strengthens for the second day, supported by rising US Treasury yields. The 10-year yield increased to 4.23% from 4.13%, widening the gap with Japanese bonds and pressuring the Yen further. Markets are cautious ahead of Wednesday's US CPI report, expected to show annual inflation rising to 2.7% in November, while core inflation remains steady at 3.3%. These numbers won’t likely change expectations for a Fed rate cut next week but could signal a more careful approach to easing in 2025. The Yen remains under pressure due to Japan’s dovish policies, contrasting sharply with the Fed's more neutral stance. With strong Dollar fundamentals and rising yields, USD/JPY is poised to climb higher, targeting 151.20 if it breaks above 150.50. Support at 149.50 remains a key level to watch for pullbacks. The outlook for USD/JPY is firmly bullish, with inflation data likely acting as the next major driver.
by Ryu_Axel
GBP/USD Holds Steady Around 1.267 Within Familiar WedgeGBP/USD continues to hover around the 1.267 level, trading within a familiar range marked by the wedge pattern on the chart. Despite recovering and moving above the EMA 34 and EMA 89 levels, the pair has yet to produce a strong breakout in either direction. Instead, it remains in a tug-of-war between buyers and sellers, resulting in modest and stable price fluctuations. The U.S. Bureau of Labor Statistics (BLS) is set to release revisions for Q3 Unit Labor Costs. The market expects the data to remain unchanged at 1.9%. If the BLS revises the figure higher, it could trigger a positive market reaction for the USD and apply pressure on GBP/USD. Conversely, a downward revision could have the opposite effect on the pair's movement. However, investors may prefer to wait for the release of the U.S. Consumer Price Index (CPI) data for November on Wednesday before taking significant positions. Until then, risk sentiment could influence USD valuation. If U.S. equities continue to decline after the market opens, the USD may maintain its strength, making it challenging for GBP/USD to attract buyers.
by Ryu_Axel
Zomato Stock AnalysisZomato Stock Analysis Current Price: As of December 10, 2024, Zomato's share price was ₹297.30. Analyst Recommendations: Nomura: Increased target price to ₹320; maintains 'Buy' rating. CLSA: Raised target to ₹370; maintains 'Outperform' rating. Morgan Stanley: Target price set at ₹355; maintains 'Overweight' rating. Bernstein: Target price of ₹335; maintains 'Outperform' rating. Performance Highlights: Zomato's stock has gained approximately 154% over the past year. The company reported a consolidated net profit of ₹253 crore in Q1FY25, a significant increase from ₹2 crore in the same quarter the previous year. Considerations: Market Position: Zomato has shown strong growth in both food delivery and quick commerce segments, outperforming competitors like Swiggy in certain metrics. Valuation: The stock is trading near its 52-week high, indicating positive market sentiment. Conclusion: Analysts generally recommend buying Zomato's stock, citing strong financial performance and growth prospects. However, it's important to consider your personal investment goals and risk tolerance before making decisions.
BSE:ZOMATOLong
by shivtoshiva2022