SBICARD: Monthly Pennant Breakout - How High Can It Fly?NSE:SBICARD
The stock has given a pennant pattern breakout on monthly chart with good volume along with second month on consecutive buying
This month's closing would be interesting to watch as it'd confirm the follow on move
916.95 / 946 / 1149 will act as strong resistance levels especially 1149 which is around it's ATH level a monthly close above it will fuel the further rally.
Since it's ATH in September 2021 stock has been in a downtrend but seems like things are about to change for good
SBI Cards & Payment Services is India's second-largest credit card issuer and a subsidiary of SBI.
Market Position :
SBI Cards is a leader in the credit card industry, holding an 18.5% market share in card-in-force and a 15.7% share in spending. You'll find them actively expanding into Tier-2 and Tier-3 cities to tap into new markets. Plus, partnerships with brands like Apple and Singapore Airlines help them attract premium customers.
Recent Financials (Q3 FY25):
Revenue: ₹4,767 crore (up 1% YoY).
Net Profit: ₹383 crore (down 30% YoY).
Net Interest Income (NII): ₹3,790 crore (down 3.5% YoY).
Asset Quality: Gross NPA at 3.24%, Net NPA at 1.18%.
9-Month Performance (9MFY25):
Revenue: ₹14,300 crore (up ~2% YoY).
Net Profit: ₹1,200 crore (down ~25% YoY).
Where is SBI Cards Headed?
Management is optimistic, projecting annual revenue growth of 10%-15% over the next two years. The plan involves:
Tapping into smaller cities to bring in new customers.
Boosting the digital experience for seamless customer interactions.
Launching exciting co-branded cards aimed at high-value users.
And don't forget, potential RBI rate cuts in FY26 could lower borrowing costs and boost the bottom line.
Search in ideas for "APPLE"
Nasdaq Target 25 K Soon Good News For American Markets The Nasdaq Composite Index is a market capitalization-weighted index that encompasses nearly all common equities listed on the Nasdaq Stock Market, making it one of the most comprehensive indicators of the U.S. stock market's performance. ( (indexes.nasdaqomx.com))
**Composition and Weighting**
As of 2023, the index includes over 2,500 companies, both domestic and international. It covers a diverse range of securities, including common stocks, American Depositary Receipts (ADRs), real estate investment trusts (REITs), and tracking stocks. Notably, the index excludes derivatives, preferred shares, funds, exchange-traded funds (ETFs), and debentures. ( (indexes.nasdaqomx.com))
The Nasdaq Composite is heavily weighted toward the technology sector, with tech companies constituting a significant portion of its market capitalization. This tech-centric focus distinguishes it from other major U.S. indices like the S&P 500 and the Dow Jones Industrial Average. ( (www.investopedia.com))
**Calculation Methodology**
The index employs a market capitalization-weighted methodology, meaning each company's influence on the index's performance is proportional to its market value. The overall index value is derived by summing the market capitalizations of all included securities and dividing by a specific divisor, which is adjusted to account for stock splits, dividends, and other corporate actions. ( (www.investopedia.com))
**Historical Milestones**
- **1971**: The Nasdaq Composite was launched with a base value of 100.
- **March 2000**: The index peaked during the dot-com bubble, reaching an intraday high of 5,132.52.
- **March 2009**: It hit a low of 1,265.52 following the financial crisis.
- **June 2020**: The index surpassed the 10,000 mark for the first time.
- **December 2024**: The Nasdaq Composite closed above 20,000, driven by significant gains in major technology stocks such as Apple, Nvidia, Alphabet, and Tesla. ( (www.reuters.com))
**Sector Weightings**
The index's heavy weighting in technology stocks makes it particularly sensitive to developments in the tech industry. Other sectors represented include consumer discretionary and healthcare, but to a lesser extent. ( (www.investopedia.com))
**Investment Considerations**
Investors often view the Nasdaq Composite as a barometer for the technology sector and growth-oriented companies. Its performance can differ significantly from other major indices due to its unique composition. While the index has demonstrated substantial growth, especially during periods of technological innovation, it can also exhibit higher volatility, reflecting the dynamic nature of the tech industry.
In summary, the Nasdaq Composite Index offers a broad perspective on the performance of companies listed on the Nasdaq Stock Market, with a pronounced emphasis on the technology sector. Its movements provide valuable insights into market trends, particularly those related to technological advancements and growth companies.
- (www.reuters.com)
- (www.investopedia.com)
Nifty’s Yoga Routine: Stretching Down to Next Stop,24,223/23,245Nifty’s Yoga Routine: Stretching Down to Next Stop,24,223 or Beachside at 23,245?
Nifty's been doing some yoga recently — a full downward dog, that is! With it currently stretching at 24,481, it's got traders sweating, and no, it’s not just because of their broken A/Cs. 📉
It looks like Nifty is headed for a scenic trip down to 24,223 and possibly even the vacation hotspots of 23,435 and 23,245. If you squint hard enough, you might even spot a hammock down there where we can all relax and reflect on our life choices as traders. 🌴
But hey, no need to panic (too much). If you're holding on, just remember: What goes down must come up... right? Or is that just Newton's apple theory? 🍎
Nifty, though, seems to have its own set of rules.
Keep those stop losses tight, and maybe grab a snack while you're at it — it's going to be a bit of a rollercoaster. 🎢
Who knows, we might hit the bottom just in time for Nifty to surprise us with a "just kidding!" bounce.
In the meantime, let's stay calm, drink some chai, and remember... Nifty always has a plan, even if we have no clue what it is! ☕💆♂️
SPX // Levels // 30 min "Welcome to SkyTradingZone "
Hello Everyone 👋
As of September 10, 2024, the S&P 500 Index (SPX) opened at 5,442.07 with a 52-week range of 4,103.78–5,669.67.
Here's some related information about the S&P 500 Index:
Mini-SPX Index: This index is based on 1/10th of the value of the S&P 500 Index.
SPX Put/Call Ratio: As of September 7, 2024, the SPX Put/Call Ratio was 1.43, which was the same as the previous year.
Largest holdings: Some of the largest holdings in the S&P 500 Index include Apple, Microsoft, NVIDIA, Amazon, Alphabet, Meta Platforms, Berkshire Hathaway, Eli Lilly, and Tesla.
EURUSD Levels // 20 MinHello Everyone 👋
Current Price
1.0850: This is the latest price level, reflecting the current market sentiment.
Resistance Levels
1.0880: The first resistance level, where selling pressure might increase.
1.0920: The second resistance level, indicating a stronger barrier for upward movement.
1.0980: The third resistance level, a significant hurdle for the bulls.
Support Levels
1.0820: The first support level, where buying interest might emerge.
1.0780: The second support level, indicating a stronger floor for the price.
1.0740: The third support level, a critical point for the bears.
Technical Indicators
Moving Averages: The 50-day and 200-day moving averages can provide insights into the trend direction.
Relative Strength Index (RSI): An RSI above 70 indicates overbought conditions, while below 30 indicates oversold conditions.
MACD (Moving Average Convergence Divergence): This can help identify potential buy or sell signals.
Market Sentiment
Economic Data: Keep an eye on upcoming economic releases from the Eurozone and the US, such as GDP, employment data, and inflation reports.
Geopolitical Events: Any significant geopolitical developments can impact the EUR/USD pair.
India's Nifty 50: A Rising Star in a Geopolitical StormIn 2023, the Indian stock market, represented by the Nifty 50 index, has emerged as a standout performer. Outpacing its U.S. counterpart, the S&P 500, by a significant margin, the Nifty 50 has captured the attention of global investors. Several factors converge to explain this impressive performance, with geopolitical tensions playing a pivotal role.
The Great Manufacturing Shift: India as a Prime Beneficiary
One of the most compelling narratives driving India's economic ascent is the global shift in manufacturing. As the world grapples with heightened geopolitical risks, particularly the escalating tensions between the United States and China, businesses are seeking to diversify their supply chains. India, with its vast market, skilled workforce, and government's "Make in India" initiative, has emerged as a compelling alternative to China for many multinational corporations.
Diversification of Supply Chains: Companies like Apple and Google are actively exploring manufacturing operations in India to reduce their reliance on China. This trend extends to various sectors, including pharmaceuticals, automobiles, and textiles.
Government Support: India's government has proactively created a conducive business environment through infrastructure development, tax incentives, and ease of doing business reforms. These efforts have boosted investor confidence and accelerated the country's industrialization process.
India's Economic Characteristics and Domestic Consumption
India's strong domestic consumption and the rise in manufacturing are major factors in the country's economic expansion. The demand for goods and services is increasing due to the growing middle class and increased disposable incomes. The approach of consumption-led growth enhances the resilience of the Indian economy by acting as a buffer against external shocks.
India's economy boasts several key characteristics:
Rapid Growth: India has consistently been one of the fastest-growing major economies globally.
Large Domestic Market: With a population of over 1.4 billion, India offers a vast consumer base, driving domestic consumption.
Young Population: A large and young workforce provides a demographic dividend, fueling economic potential.
IT and Services Dominance: The IT and services sector is a major contributor to India's GDP, with companies excelling in software development, outsourcing, and business process management.
Agricultural Importance: Agriculture remains a crucial sector, employing a significant portion of the population, although its contribution to GDP is declining.
Challenges and Opportunities
While India's economic trajectory is promising, it faces challenges such as:
Infrastructure Gaps: Improving infrastructure, including transportation, energy, and digital connectivity, is essential for sustained growth.
Poverty and Inequality: Addressing poverty and reducing income inequality remains a priority.
Education and Skill Development: Investing in education and skill development is crucial to enhancing human capital.
Environmental Concerns: One of the main challenges is balancing environmental sustainability with economic growth.
Despite these challenges, India offers immense opportunities for businesses and investors:
Large Consumer Market: The growing middle class presents a lucrative market for consumer goods and services.
Favorable Government Policies: The government's focus on economic reforms and ease of doing business creates a conducive environment for investment.
Digital Transformation: India's rapid adoption of digital technologies presents opportunities in e-commerce, fintech, and digital payments.
The Road Ahead
While the Nifty 50's performance has been impressive, challenges remain. Inflationary pressures, global economic uncertainties, and the potential impact of a prolonged geopolitical standoff could pose risks. However, India's demographic dividend, its digital transformation, and its focus on renewable energy offer promising avenues for long-term growth. Continued focus on infrastructure, education, and skill development will be crucial for realizing its full potential.
In today's complex geopolitical environment, India seems well-placed to take advantage of the opportunities arising from global supply chain disruptions. The performance of the Nifty 50 index reflects India's increasing economic influence and its potential to emerge as a global manufacturing and consumption hub.
02 Aug 2024 + Nifty down 160pts, stance neutral & watchfulNifty Stance Neutral ➡️
It is too early to go short, but the US markets have already reversed and the news coming in is pretty bleak. Reports suggest the legend WB has unloaded 50% shares of Apple & has a cash balance of $277 billion - source.
We only fell 160pts ~ 0.64% this week and this is after hitting the prestigious milestone of 25000. The new ATH is 25078.
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Friday's price action was pretty intense, we dropped 293pts ~ 1.17% and closed at the low point of the day. Just for comparison, Japanese markets fell 5.83%. One thing is obvious, Indian markets are showing extreme resilience compared with global peers.
SPX fell -1.84%, NDQ -2.38%, and guess what our Gifty is still hovering around the same levels as the spot. I am not quite sure if we will have a Black Monday or not, but if we break 24600 levels, it is shorting time.
Even if you agree with me or not, Nifty has really run up a lot, much more than rational expectations. Even if we correct 20% we may not enter a bear market!
Can JasmyCoin Continue To Thrust Higher or Head For A CorrectionCan JasmyCoin Continue To Thrust Higher or Head For A Correction
Over the past week and month, JasmyCoin has exhibited a strong bullish trend, achieving gains of 50% weekly and 83% monthly.
The RSI line has entered an overbought zone pointing to a possible correction on the horizon
JamsyCoin (JASMY) has delivered a robust performance rising 50% a week and 83% a month. The price soared around the rumors about a partnership with Apple which caused a big leap of over 24% in the previous intraday sessions.
Though the rumors have faded away, still the JASMY price is holding strong indicating a further potential to rise. Along with a surge in momentum, there has been a significant development in the volume inflow and RSI indicator which has entered an overbought region.
Let's explore in detail what impacts those developments could leave on the JASMY price,whether the price is going to shoot up more or cool down for a profit booking.
JASMY Volume Inflow Explodes By 300% A Day!
The JasmyCoin has shown a remarkable growth in the recent sessions and emerged as one of the top performing altcoins. Moreover, the bullish surge is backed by a massive rise in the volume inflow.
As per coinmarketcap.com the volume inflow has exploded by 330% in the past 24 hours reaching $516.48 Million a day. The rise in volume inflow suggests the increasing participation of the investors which may possibly result in an increased demand.
Moreover, the Volume to market capitalization ratio has reached 38.59% indicating high volatility in the crypto. Also, the circulating supply was 49.299 Billion JASMY tokens constituting about 98% of the total supply.
Investor’s Anticipate Another 20% Rally Before A Correction
From a technical point of view, A week ago, the JASMY crypto made a breakout of a trendline resistance and has never looked back. The crypto has achieved an impressive 50% gain since breakout of a trendline resistance.
However, at the time of writing, the RSI line has entered an overbought zone and was placed at 77.57 points. whereas, the SMA line was at 64.46 points. The RSI entered an overbought zone indicates a possible correction or consolidation before making another big leap.
However, the Price is rising momentum and continues to show gains until the bulls keep on defending the previous day's low. On the higher side, Investors are anticipating a 20% potential before heading for a profit booking.
Conclusion.
JasmyCoin has seen a significant rise, gaining 50% a week and 83% a month. A 330% surge in trading volume to $516.48 million indicates high investor interest, which could drive demand. The volume-to-market cap ratio at 38.59% suggests volatility.
Moreover, Technical analysis shows a 50% gain since a trendline breakout. However, the RSI at 77.57 points signals overbought conditions, hinting at a potential correction. Still, the price maintains momentum, and investors expect up to a 20% increase before any major profit-booking occurs.
QQQ Sell setupQQQ rose steeply due to great earnings response from Apple and jobs data today. We are currently at the 61.8% (435.52) of the earlier down move.
Huge gap (427 - - - 434.50) left out due to the premarket open moves.
Great trade with a good R/R
Entry at 435.52 | SL 436.75 | TP 431.23
Careful around the 433 point as we may take support days low (since opening)
PS - Ideas are for learning purposes, not a recommendation to trade. I am not responsible for any profits or losses incurred.
Reliance(INDIA) projection for coming days(21-04-2024)I have prepared the analysis for reliance and considered recent trend, Chart pattern & Gann methods. On the upside first target will be 2900(First green line) And then if it continues then 2nd target(2nd green line with green apple). Stop loss with be 2963.
This analysis is for study purpose not a recommendation.
DLF projection for coming weeks.Price is moving within the zone 903 to 922. Support is seen at 898 to 903. Resistance is seen at 921 to 924. Bearish below the support and bullish above the resistance.
If price takes support, buy above 905 with the stop loss of 899 for the targets 911, 918 and 926.
If price breaks support, sell below 895 with the stop loss of 901 for the targets 890, 884 and 878.
When price is moving in down side range by making lower high and lower low. Below are the two (apple) targets.
Hit the like button if you find it beneficial!! please Show some energy !!
Note : This analysis is only for study purpose not a recommendation or Not a suggestion to buy or sell.
You are responsible for whatever you do.
GOLD IN BUYGOLD/USD March FINAL WEEK PLAN...
In GOLD-USD Friday (22-03-2024) Market reaches our 2nd sell target of 2160...
Which is buy correction zone(BUY FLIP ZONE)...
EXTREM BUY ZONE IS still there 2152-2146
I am looking for buy because of below mentioned points:
1.Before reaching 2160 market forms buy liquidity(BUYING PATTERN) in FAIR GAP Area
2.In 30M Awesome Oscillator indicates upside distribution even market comes down...
3.In 15M-50% Buy confirmation we got...
4.In DAY TF i am expecting 2258-2300 is 1st Pull back zone(only my opinion not confirms yet)
Here we got 3 entry zones with 3 different entry method...
1.Intraday Setup-- use 1% RISK of your capital in every entry
we have 3 intraday setup
(_a_).15M Gives only 50% confirmation for BUY REWARD---1:20 Ratio
BUY limit @2160
SL 2156
TP 2185
TP 2206
TP 2211
(_b_).5M mid range entry(if confirms get we will updates here then entry this)BUY
REWARD--1:22 Ratio
BUY limit @2153
SL 2149.4
TP 2185
TP 2206
TP 2211
(_c_).30M Extreme entry zone previous BUY LIQUIDITY zone...
Also PULL BACK AREA...In 2146 is trend line passing point...
you can place order without confirmation... REWARD--1:24 Ratio
BUY limit @2149
SL 2144
TP 2185
TP 2206
TP 2211
2.Mid Risk Setup-- use 4to5% RISK of your capital.... REWARD--1:8-1:10 Ratio
USE 2 Layers 5 Orders Strategy
BUY LIMIT @2153-2149
SL 2144
TP 2185
TP 2206
TP 2221
Once Market HIT 2149...SET 2153 as a Target BE(close @entry)
3.Swing setup-- Need higher capital.... REWARD--1:7-1:8-1:10 Ratio
USE 3 Layers 5 Orders Strategy
BUY LIMIT @2160-2153-2149
SL 2144
TP 2185
TP 2206
TP 2221
TP 2270
Once Market HIT 2149...SET 2160 as a Target BE(close @entry)
IF MARKET TREND CHANGE... OVER ALL SELL STOP 2143..use x2 lot size which total lot size you use in above buy limit orders ( Targets & SL will updates later)
or
Don't use sell stop wait for next recovery update...
All The Best...
NOTES:EDUCATION PURPOSE ONLY
6473 Best example of idiotic punter to trap retailersThis is one the classic example of idiotic punter to trap retailers
Idiotic punters are market makers or manipulator or promoters. This idiotic punter may take this stock down by another 35%.
Hence SL compulsory. If Sl is 1 pt below the previous month low.
This type of price dump, they have been doing since 2010.
Better not to invest in any pharma stocks, because people buy any medicine due to fear; whereas people buy apple phone (IT, home - infra etc) due to happiness.