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Gann Fan

Wipro building the buy momentum📈 Weekly Stock Picks: NSE:WIPRO - Week Starting 4th September, 2023 📈 💡 Rationale for Selection: 📊 Technical Analysis: Parabolic SAR: Currently showing a sell signal, but the stock has rebounded. 📉➡️📈 Fibonacci Levels: Bounced back from near the 0.618 levels and surpassed the 0.5 levels. Indicates a trend reversal. 🔄 MACD: Expected bottom-up crossover; MACD line (1.3) expected to cross Signal line (2.32) confirming a bullish bias. 📈 Stochastics & RSI: K=23.18, D=9.03, showing the stock has reached oversold territory and is in a position to bounce back. 📈 Percentage R and Fisher 9: Indicate an uptrend is likely in the next 1-2 trading sessions. 📈 📰 Market Indicators: A surge in IT stocks recently. 📈 Mutual funds are showing increasing interest in IT stocks, expecting a boom. 🤝 🎯 Trade Parameters: 🟢 Entry Price: ₹416.25 (0.382 Fibonacci Levels) 🎯 Target Price: ₹422.20 🔴 Stop Loss: ₹41.75 #WiproLimited #StockPick #TechnicalAnalysis #Fibonacci #MACD #Stochastics #RSI #MutualFunds #ITBoom #WeeklyStockPicks #InvestWisely 📋 Disclaimers and Disclosures: Risk: Investing in stocks is subject to market risk. Please consult your financial advisor before making any investment decisions. The information provided is only for the education purpose and should not be considered as an investment advice or as stock recommendation. You are requested to take due diligence on your own accord and consult financial advisor, research analyst or a broker before acting on any information on it. We do not confirm any validity or correctness of the information and might change our viewpoint on the stock anytime, as per our discretion and research. Disclosure: This analysis is purely based on technical indicators and market trends as of 1st September 2023. Past performance is not indicative of future results. Conflicts of Interest: We may or may not have any vested interest in Wipro Limited as of the date of this report.
NSE:WIPROLong
by finogent
3
GOLD To past $2,000 in 2023I strongly STRONGLY believe GOLD is the safest hedge in this economy. Now a value bet as well: due to recession/inflation/real estate conditions etc. JPM told you BTC was going to $100,000 when it was at $60,000, now they're telling you BTC is a Ponzi Scheme. HERES THE CATCH Smart money wants you to *think* that they're buying BTC and saying the opposite (because we know that if they're bearish - it usually means they're buying and vice versa). I DON'T think this is the case this time. I think they are covering a short position (making crypto move up), but are buying all the GOLD they can while it's discounted and at these levels. They want you distracted right now on the small crypto rally. They don't want you (retail) taking the Gold. It makes total sense - think about it. They love throwing curve balls - that's what's most profitable to Wall Street. Smart money says the opposite of what they do. People now understand the reverse psychology aspect and proceed to do the opposite of what they say. Problem is they're 5 steps ahead of us. They know that because they bashed BTC - You'll want to buy too. I'm 90% convinced they're only making the price go up by covering shorts. - not actually purchasing coins. Gold is about to have a massive bull cycle - and they are distracting you with the Fools Gold while they load the real stuff. Don't fall prey to wall street. Make your own predictions - that make sense - and present great risk:reward ratios. GOLD is tangible. Crypto is not. You cannot argue that BTC is safer than Gold. All my opinion. I say what I believe. Good luck to all and DYOR. I see GOLD/XAUUSD at $2,000 as early as March and as late as December.
FOREXCOM:XAUUSDLong
by sully357
PNB atlast near to its bottomDO PNB DESERVE A PLACE IN PORTFOLIO? As everyone is mad with the behaviour of PNB, and with all the projections of it becoming zero, I feel it's my responsibility to add my bits. well PNB is not a stock for weak hearts to stick onto. It has underperformed our banking cycle. with all the boom and busts in the economy, PNB has resulted in losing its market cap. Can it stop falling more? the point is it may or may not. But we are not operators with huge amount to manage our positions. As a retailer what we can do is we can minimise our risk with risk to reward. So where do PNB stand today, on long term price behaviour I feel it is in wave 5,which resulted in sideways movement. on daily time frame it is making an Ending diagonal (Elliott wave pattern). As of today I believe last leg of fall remaining (which will take it to 27.80,Monthly strong demand zone and 8/1 of dynamic square), or bottom is done (meaning subwave 1 is complete) Possibility wise PNB is approaching its 144th monthly fibonacci bar, and as we all know 144th cycle is favourite of legendary WD GANN, so something exciting is waiting for PNB investors. apart from this pnb will also be facing its yearly pivot in 2023 (21 years) and quarterly reversal zone in 01 june 2024. On the other hand PNB doesn't have any meaningful resistance (Untested Supply zone) till 62. So the risk to reward ratio is good and for long term there is a possibility that it may touch triple-digit soon. IM NOT A SEBI REGISTERED ADVISOR, I SHARE WHAT I SEE. SO risk v apna apna aur ishq bhi APNA. Stay safe and happy investing
NSE:PNBLong
by jitishere
7