Amazon. Do we expect a new maximum?The formation of a reversal on the day time frame. The Head and Shoulders Pattern + on the line graph for weekly reversal 1700$
1. Buy breakdown 1700$, stop 1,5%, TP1 1780$ (5%) and TP2 1990$ (18%)
2. Buy now 1680$, stop 1658 (1%), TP1 1780$ (6%) and TP2 1990$ (20%)
Search in ideas for "AMAZON"
AMAZON VERY IMPORTANT CONSOLIDATION - ABOUT TO BREAK .WHY BULLISH ?
REASONS :
1 . A Long Consolidation And W Pattern ( Which Are Very Important In Terms Of Trend Decider ) Have A Breakout As Seen In The Graph Shared .
2 . Rsi Divergence Breakout Is Also Visible In The Graph .
3 . Best Part Is - As I Am Writing This Article - The Global Market Sentiment Has Gone Bullish - Right Now As I Write This - Global Market Is Up Over An Average Of 2 Percent Which Is Highly Supporting The Breakout .
4 . One is to Two point Five Risk Reward Ratio Can Be Achieved.
5 . Still Best Entry Comes When Day Candle Is Closed Above This Box Created In The Graph Else 1 Hr Candle Has Given The Breakout Still Day Candle Will Give Better Confirmation .
10 Percent at 129 ( and 15 Percent at 136 if price action supports) can be achieved .
Warm Request - Kindly Comment If Anyone Find This Information Helpful Or Anyone Who Takes Position In This After Reading This Article .
AMAZON Consolidation Monthly-TimeframeIts very important that the price remains within the parallel consolidation channel. The price should remain in the 2880-3550 consolidation range. As soon a monthly closing happens above or below this channel , we can expect a violent move in that side. Till then bid your time and watch out the VCP pattern playing out
AMAZON VIEW AT CURRENT PRICE LEVELS1 DAY CHART
The cross channel trendline which acted as support previously was broken and the stock dipped.
The price has reached the cross channel again which can now act as resistance for a few days.
My view
Short term- (Sell) it can drop down to support levels back at 3350. Support from both moving averages and trendlines.
Long-term= (hold) as it is a Jan ce. It could go back, take support and have a strong up move.
Amazon a new high again in coming days!***Trade at your own risk** educational purpose only***
1. Looking good on RSI 1hr structure and daily higher high if volume kicks in then it'll be a great
2. price should hold 3240-3250 range then it's a bull sign, SL 3220-3225
3. Target T1 - 3284, T2 - 3300-3332, T3 - 3360 in short term
LONGAMAZON IN RIVALRY WITH RIL is investing 100M $ in Apollo pharmacy
Yeterday economic times we saw india could reach heard immunity in 2023 as per our speed
Now apollo tells to media that they could be able to inoculate 10Lakh indians per day !!
levels mentioned in chart !!
Buy at around 2345 around
and keep adding at dips till 2250
Also when news came PFIZER vaccine approved this share hit UC ad its market leader in hospitality sector !!44
amozon continue sa monté expodentielle une ocasion pour achetébonjour chères amis voici ma première publication mais avant tout propos je vous demande humblement d'ajouté un j aime pour m encouragé a publier les nombreuses stratégies que j ai développé. il faut dire que cette action continue de monté grâce au COVD-19 qui a faire naître le confinemen,t une chose qui arrange bien amazone et qui est a la base de cette monté exponentielle d' AMAZONE ET VUE QUE LE DECONFINEMENT TOTAL NE SERRA PAS POUR TOUT DE SUITE ALORS CETTE ACTION CONTINUERA DE CROÎTRE et même si il y a une baisse mais elle ne va pas durée longtemps et la croissance prendra le contrôle donc c est le moment pour acheté
Reliance below 200dma Stay cautiousElon musk launched many satellites , if star link gets successful can be desruptive to telecom and internet services ,indian government may support indian companies because they do not want other players to come in however they support indian big players but still we can see amazon in indian market despite challenges faced, MI phones in indian markets ,
we know what happened to fmnl when amazon was into retail , and we another side who opposed amazon
but amazon is also a gaint
so clash of gaints guys
but government cannot ban outside companies because we are not china we have fair ground little bit advantage to big players
we can see what happened to micro max , when mi came
manufacturing in india is not always there on their own because we lack innovation most of the time
we can see almost every big company tie ups with another foregin company to set up plants etc
so if starlink we get connection directly from satellites can it be stopped from reaching people?
just like what happened to idea?
and we know how much politicians oppose they all eventually get sold
even one State in india they enter with free wifi and calling etc
Is this the reason for fall in reliance?
Lic kept 1 lakh Crore to Buy if fiis sell till now fiis sold for 75,000 cr and retailers sip they say it is 24,000 cr last month
and most of retailer sip comes from atal pension ,
life insurances etc
so if telecom gets disruptive Idea itself is posting minus -30,000 cr per year
till now more than -180,000 cr
so is inflation going to rise or more taxes in india to cover this?
or govt removed band width purchase because idea no longer can afford it?
Disclaimer - not an investment idea or call just my view and opinion trade at your own risk
Lesson of up trend stock As you can see on weekly chart that when MACD crossover happened in the stock, the price moved ahead, so lesson is, identify such type of stocks is standing below centre line of MACD and came into up trend. See also behaviour of the RSI which is reversed from 50 level three times, you can also plot 20 and 50 days moving avg to make picture clear. I recommend you all to please trade and invest only when you read technical analysis book which are available on flipkart and Amazon. Total aspects covered in the books. Without reading technical indicator behaviour, we can not success in the stock market. Thanks