BULLISH on ASAHIINDIANSE:ASAHIINDIA
ASAHIINDIA has given a breakout and has made a 52 week high after 6 months of correction. The volume is also high on the breakout. The MACD has also given a bullish signal. The price is trading above the moving averages which shows bullishness. The RSI is also trading above 50 which shows good momentum. This view is for long term as the price is given all time high breakout. You can also invest in this stock and i will update when to exit. The SL level is around 550 levels.
Disclaimer : This is my own analysis and view. This is for educational purposes. This is not a recommendation, call or a tip.
Investing
BTC/USD - Weekly OverviewThe month started with bearish sentiment and still prevailing as the world’s largest cryptocurrency is unable to maintain sustainability above the crucial psychological mark of $20K.
Since the past month, the price level had a negative breakout from the rising channel pattern and currently possibly forming a falling wedge. Furthermore, it should be noted that BTC is struggling at the lowest level of Fibnonnaci retracement table.
Technical indicators including RSI are also replicating similar sentiment as it had failed to break above 50 since mid of the past month.
During the previous week, MA-50 faced a sharp negative breakout against MA-100 which suggests that further correction can occur.
Overall, Bitcoin needs to sustain crucial support levels including $19K and $17K. If there’s a quick of sentiment in the market conditions, resistance levels can be placed at $21K and $23K.
Potential Multi-Decade Breakout NSE:CELEBRITY
Celebrity Fashions Limited is engaged in manufacture of all types of textile garments and clothing accessories. The Company also has its own national menswear brand.
TTM EPS: 1.79
TTM PE: 11.62
Sector PE: 46.08
Book Value Per Share: 1.68
P/B: 12.39
Face Value: 10
Mkt Cap (Rs. Cr.): 107
Some Positives:
High Piotroski Score - Companies with strong financials
Rising Net Cash Flow and Cash from Operating activity
Company with high TTM EPS Growth
Strong Annual EPS Growth
New 52 Week High
High growth and High Return on Equity (ROE) with Low PE ratio
Growth in Quarterly Net Profit with increasing Profit Margin (YoY)
Company able to generate Net Cash - Improving Net Cash Flow for last 2 years
Stock gained more than 20% in one month
Strong Momentum: Price above short, medium and long term moving averages
Some Positives:
Decline in Net Profit with falling Profit Margin (QoQ)
Declining Revenue every quarter for the past 2 quarters
Companies with High Promoter Pledge
My Opinion: Mcap of the company is very low for my liking but fundamentally the company is doing good with Piotroski Score 8. Usually when such multi-year breakouts take place the returns are significantly high. In couple of years this stock can even touch 100 possibly. Invest at your own risk.
NOT A RECOMMENDATION. JUST FOR EDUCATION. Thanks.
Astral 1:6 risk / reward we can see it"s a high probability trade because it has formed 3 bullish patterns in multiple time frames with that it has already achieved 42% of the target and we can still expect 10-12% more .
I am expecting a retest at 1 hour channel pattern and goint to enter with a risk of 2.5% and a reward of 12%-14%
1- technical chart patterns in our favour.
2- multi time frame analysis results are bullish.
3- market (nifty 50) also seems positive.
4- fundamentally good
BTC/USD - Weekly OverviewThe overall market conditions are falling into the bear trap towards the end of August. The past monthly performance of BTC suggests that the upcoming month of September is said to be bearish and the build-up is witnessed during the end of August. Pretty much similar happening in the current market scenario.
Moreover, after a negative breakout from the rising channel pattern during the past week, the price level has faced a steep decline and potentially formed a falling channel. Technical indicators suggest that more downfall can be expected in the upcoming days. RSI level has reached the oversold region and needs a positive bounceback. MACD levels have gone below the histogram again and faced multiple bearish crossovers.
Overall, incase of further downfall, support levels can be placed at $18K and $17K. However, if the world’s largest cryptoasset showcases some positive momentum, resistance levels can be placed at $21K and $23K.
Trading Style verses Trading TimeframeHi all 👋
We all know about three types of trading styles -- investment, swing trading and day trading.
Yet most traders remain confused when it comes to trading timeframes. Through this post I just want to eliminate this confusion once and for all.
Let us understand some basics....
✅ Anchor Chart
This is the chart used to determine the trend of the market. It conveys a trader whether the market is in uptrend, downtrend or sideways. It sets a bias for the trader. It also conveys us the information about the major support and resistance levels. These levels may provide excellent trading opportunities in future.
✅ Trading Chart
Now that we know the trend through the Anchor chart, we have to take our trading decisions. Anchor chart is too big to take trading decisions. Reason being your stop loss would be too wide if you trade on the basis of Anchor chart, so we have to shift to a lower timeframe. This time frame is usually 4-5 times lower than the Anchor chart time frame. This lower time frame helps a trader to pinpoint his entries and decide upon his stop-loss to avoid unacceptable losses. Also minor support and resistance levels are more clear on this chart.
✅It is your trading style which determines your trading timeframe. For more clarity, refer the chart above.
⏰ Bro tip
🚩Anchor chart helps you to trade in the direction of trend.
🚩When the trend is up on the anchor chart we should look for only buy set-ups on the trading time frame.
🚩When trend is down on anchor chart, we should look for only selling opportunities on trading time frame.
🚩When trend is side ways, buy at the support and sell at the resistance.
Hope this post will be useful for some traders and to the very least reduce the confusion regarding timeframes.
Thanks for reading
@Bravetotrade
Metal index - Possible reversal zone. When we saw heavy selling in US stocks at the same time we have observed weakness in some of indian index. Metal index is one of them.
5900 is a crucial resistance zone where index been rejected multiple times and even last week price broke out but failed to sustain & friday we saw rejection from the zone. A reversal candle will confirm the pattern and can initiate shorts in Metal stocks.
Fib Level - Retracement pending, 50% of retracement is near 5200.
Technical - Successfully completed the Cup and expecting the formation of handle
CUBExcellent Breakout of Flag on Daily time frame.
Flag pattern breakout is visible.
Confirmation is done today with BO.
Can be Good swing trade from here Risk to reward ration is excellent here.
As my personal best is Flag pattern.
Levels are as below.
Buy -163-164
Stop loss - 160
Targets - small 166/173
holding - 175/185
Disclaimer I'm already in trade.
@vivek_mashrani
@Shorting @Equities @forextidings @BUY @tradingview_ @ShortS_ @Tredingview
BULLISH on NCC (Investing)NSE:NCC
I am finding NCC bullish for short term to medium term Investment purpose. On the weekly timeframe it has breakout from the trendline. The Price is above the moving averages which shows bullishness. The MACD is also bullish. The RSI is above 50 which shows good momentum. This view is for 6 months to 1 year. The Target 1 is near 100 level, after that we will review what to go next. The SL level is near 58 level.
Disclaimer : This is my own view and analysis. This is for educational purposes. This is not a recommendation, call or a Tip.
BTC/USD - Weekly OverviewThe bears are back again in the overall market conditions as the weekly loss for BTC reaches nearly (-)12.30%. On the chart, the price level has suffered a negative breakout from the rising channel pattern reflecting upon a strong change in sentiments
During the past bullish rally, BTC faced significant resistance around the 0.236FIB level which may have resulted in the sentiment change. Additionally, MA-10 has also suffered a negative crossover against MA-20 and the price level has again fallen below major moving averages
The MACD level also showcased bearish crossover and red bars formation on the histogram. The RSI level suffered a dip towards the oversold region and still showcased negative nature while residing at 33.80
Overall, negative sentiment has surely kicked backed in the overall market conditions. Narrative of the possible new-yearly bottom for the world’s largest cryptocurrency has started to float on media channels. Adding to that, support levels for BTC can be placed at $20K and $18K. On the contrary, resistance can be placed at $23K and $25K.
NIFTY50 LEVELNifty50 broken out long term trendline and retested the trendline supports 17700
it may take reversal from here for 18100 and after that for 18350 level or may break support and move towards 17350 level ,investers and traders can keep their eyes on these levels, niftyin uptrend and much above 200EMA.
only for educational purpose.
Trading: Ideal Patterns and Behavior✅Almost all traders read books and tutorial over the internet regarding technical analysis and patterns. After reading a lot of literature, traders start believing that some patterns ought to work 100% of the times. But according to my personal experience, this is just a mistaken belief.
✅The chart patterns are based upon human psychology, which the pioneers of technical analysis claim that never changes. But in my humble opinion, different human beings have different psychology in life as well as in trading. Not only that, the trading behavior of one particular trader might be different at different occasions.
✅But does that means we should not rely upon technical analysis at all?
✅In order to settle this dilemma, I must say that 'adaptation' is the best strategy one can add in his/her quiver. Seeking ideal behavior is perfectly fine but when things deviate from theory, we must adapt to the psychological behavior of the traders/investors.
✅Yes, this puts into practice a widely accepted truth that trading is more than 70% psychology.
✅As as example, the stock above never retested the resistance zone, which was an ideal behavior to test buyers at a level which once was a resistance. But it never happened and the stock gave a very strong move after the breakout.
✅A stubborn pullback trader would miss a nice 25% leg in this case. But if he adapts to the buyers' psychology, who were so eager to buy this stock, he would look for opportunities on smaller timeframes with minimum risk and huge potential for momentum.
Determination is a wonderful disposition but obstinate determination may hurt, both in trading or in life too.
I hope it was useful. Thanks for reading.
Keep liking for more educational stuff in coming days.
JJSingh (@Bravetotrade)