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BITCOIN HEADED TO 50K ? - CRASH SOON ?Symbol - BTCUSD CMP 60700 Bitcoin is testing the previous major liquidity area which is around 59300 - 61000. Earlier it was consolidating around 65K levels & was trading in a range. Now it is witnessing a huge profit booking and declining sharply towards the liquidity area. A retracement towards 62000 - 62500 is likely. In any case, If it is breaking 59000 level and sustaining below it then it may directly head to 50-51K which is next major support. A double top pattern is visible on larger time frame. Breakdown of this pattern will lead to trend change/reversal. Hence breakdown of the neckline & sustaining below it will activate this double top pattern & then it will definitely test 51K level & then may touch 45K levels too. P.S. : I'm actively tracking BTCUSD to make long positions around this liquidity zone to play a retracement & then I'll be looking to short around 62K levels with small SL & will add more position on breakdown of liquidity zone/neckline.
OANDA:BTCUSDShort
by akshit_official
2
PFC - POSITIONAL SHORT OPPORTUNITYSYMBOL - PFC CMP - 510 PFC saw huge sell off on 4th June & now It is recovering & price is testing the liquidity area which is now a resistance. I'm seeing a trading opportunity on sell side in PFC. Shorting PFC Futures at CMP 510 I will be adding more if 535 - 540 comes & will hold with SL of 562 Targets I'm expecting are 418 - 402 & 388 Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:PFCShort
by akshit_official
Long bet in West Coast Paper Mills.Financial highlights. Over the past five years, the company has achieved an impressive compound annual growth rate (CAGR) of 33.9% in terms of its profit. Company has a good return on capital employed (ROCE) of 61.5 %. Stock has negligible debt to equity of 0.09. /list Technicals. Currently price is at somewhere between support and resistance level of the trend line, some position can be made either it gives a breakout, or it comes back to support. My commentary West Coast Paper Mills Ltd is one of the oldest and the largest producers of paper for printing, writing, and packaging in India. Paper consumption expenditure is expected to double from $1.5 trillion in 2020 to $3 trillion by 2030.(Source: The Hindu). We can long on this, if it falls as it is more likely to happen, more quantity can be added. This is only for an educational purpose, Don't take it as a trade calls. I am not a Sebi registered
NSE:WSTCSTPAPRLong
by BullishLine
1
Why am i Bullish in KPR MILL ? Technical. *Entry can be initiated if it is closing above 650 level for the day, As it is very close to give multipattern Breakout. Targets: - 1. 695 2. 765 Stoploss: - 610 Fundamental. *Stock has given good profit growth of 23.0% CAGR over last 5 years. *company has increased its net profit from 33cr to 815cr YOY basic in just 10 years. *Stock is available at 27 PE ratio, which indicates consistence growth. MY commentary It is one of India’s largest knitted garment manufacturers with total capacity of 157 million pieces. Two major capex projects worth 750 crore towards garmenting ( 250 crore) and ethanol facility ( 500 crore) expected to be ramped up in FY23E. Recent FTA with Australia to benefit KPR as the region contributes 11% to sales.
NSE:KPRMILLLong
by BullishLine
2
IDFC First Bank Shines with Excellent Q1 Performance.IDFC First Q1 Result. Impressive performance across the board! Deposits up 44% YoY, Advances up 25% YoY, Profits up 61% YoY. Net NPA down to 0.7% (Which is very good indication). ROA at 1.24% vs 0.97% YoY. QoQ net income down -731 Cr. vs 816 Cr. in Q4FY23, but excluding a one-off income of 180-200 cr. from the last quarter, results are still better on a QoQ basis. Why to Invest in IDFC first ? They are many reasons to invest in IDFC Bank, but trading in this company seems risky and tricky right now. However, if you are someone who believes in the narrative that for India to grow, the banking sector would have to follow the same path, then undervalued and growing banks will benefit the most. Stocks like IDFC First Bank are more likely to double their Market Cap. So, if you are a long-term and serious investor like me, this analysis will help you. Why to Avoid Trading ? Now, let's discuss why trading this stock is currently considerably risky. The stock is trading near 200% of its support level, following a special channel pattern known as a big-length rectangle pattern, which makes it riskier from a trading perspective. How to Invest ? We plan to take a longer position in this stock. As visible from the chart, the stock has tested its resistance on a weekly timeframe. As, we all know Q1 results are out, Earnings have been impressive, indicating a potential strong breakout with good volume. If that happens, we'll invest half of our money and wait for a retracement before putting in the rest. But, if the stock falls instead of breaking out, it'll be a great opportunity to invest, and in that case, we'll wait for a consolidation. Note- I am not a SEBI registered, Please consult to your Advisor before investing.
NSE:IDFCFIRSTBLong
by BullishLine
Abbott India is gearing up to give Breakout.Company's Overview. Abbott India Ltd is one of the market leader and multinational pharmaceutical company in India with a global presence in over 160 countries. It has a legacy of more than 130 years in the industry. Revenue Breakup. In FY22, injectables contributed around 40% of the revenues, followed by tablets at 39%, liquids at approximately 16%, capsules at 3%, and other products at 2%. Financials. >>Almost debt free company. >>ROCE- 41.1%, Which is considered to be an excellent return. >>Good growth can be seen in net profit margin. >>Maintaining a healthy dividend payout of 76.8%. Technical. As we have seen Last week, all chemical stocks had a good rally. It looks like this rally will continue further. So we will keep a close track on this stock because it still falls under one of the undervalued stock category. This stock was consolidating within an uptrend parallel channel. Last week, it closed near its resistance level. If it breaks out with a big candle and significant volume, we can enter the trade. We'll use a 1:1 risk-reward management strategy for this trade as explained in chart. This is my Analysis, I might be wrong sometimes Please do your 'own' due diligence before taking trades.
NSE:ABBOTINDIA
by BullishLine
Bitcoin - The Bigger PictureHi, This is my second analysis of BTC in upcoming days or weeks. I have seen a lot of people saying BTC will go back to 20k, 25k and even 10k too. They are saying because BTC crashed back in 2016-17. That time, only a few people were into cryptocurrencies. We should be bullish at this moment but the current circumstances won't let the bull run happen. BTC hit first ATH on 14-Apr-2021 with a price of 65,000 USD and got back to 28,000 USD in a month. Those people who bought the BTC started selling like there's no tomorrow. Again, in the same year, BTC touched the price of 69,000 USDT and retraced to 34,000 USD but this time, it takes almost two and half month. You all know why- because people realise the potential of Bitcoin and other crypto currencies more and more support from Big corporates and Government. Now coming to the point, we are still in the Trend and I am still bullish . Thanks
Long
by endthisponzi