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EURUSD rebounds within a month-old bullish channelEURUSD picks up bids to 1.0930 as traders consolidate weekly loss amid a sluggish Asian session on early Wednesday. In doing so, the Euro pair recovers within a one-month-old bullish trend channel amid upbeat RSI and MACD conditions. It’s worth noting that Tuesday’s Doji candlestick adds strength to the quote’s corrective bounce. With this, the buyers are likely to retake control and can aim for the 1.1000 threshold as an immediate upside target. However, the aforementioned channel’s top line surrounding 1.1010 and the November 2023 peak of 1.1017 will test the pair’s further upside. In a case where the bulls keep the reins past 1.1017, the previous yearly high marked in December around 1.1140 will be in the spotlight. On the contrary, EURUSD sellers will have a hard time taking control as the stated channel’s bottom line joins the 21-bar Exponential Moving Average (EMA) to highlight the 1.0870 as a tough nut to crack for them. Even if the Euro bears manage to smash the 1.0870 key support, an ascending support line from October 2023, near 1.0750, will test the bears. Furthermore, lows marked in December 2023 and last month, respectively near 1.0720 and 1.0690, also act as downside filters before giving control to the sellers. To sum up, EURUSD buyers are likely to keep the reins even if the upside room appears limited.
by MTradingGlobal
PATANJALI | Investment Pick📊 DETAILS Sector: Vegetable Oils & Products Mkt Cap: 60,981 cr Ruchi Soya Industries Limited is engaged primarily in the business of processing of oil-seeds and refining of oil for edible use. TTM PE : 69.68 (High PE) Sector PE : 57.78 Beta : 1.01 📚 INSIGHTS Mid range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 2.49% away from 52 week high Outperformer - Patanjali Foods up by 5.11% v/s NIFTY 50 up by 3.54% in last 1 month 📈 FINANCIALS Piotroski Score of 4/9 indicates Weak Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:PATANJALILong
by Munish_Jain
SPARC | Swing Trade📊 DETAILS Sector: Biotechnology & Medical Research Mkt Cap: 12,847 cr Sun Pharma Advanced Research Company Ltd is engaged in the business of research and development (R&D) of pharmaceutical products. TTM PE : -- (Low PE) Sector PE : 55.17 Beta : 0.80 📚 INSIGHTS Momentum Trap Strong price momentum & technical indicators may tempt investors to buy this stock. Be selective, not all stocks with strong momentum have strong financials & balance sheet. 6.48% away from 52 week high Outperformer - Sun Pharma Advanced Research Company up by 10.48% v/s NIFTY 50 up by 2.53% in last 1 month 📈 FINANCIALS Piotroski Score of 2/9 indicates Weak Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SPARCLong
by Munish_Jain
GODFRYPHLP | Positional Trade📊 DETAILS Sector: Cigarettes/Tobacco Mkt Cap: 13,913 cr Godfrey Phillips India is one of the leading FMCG Companies in India - flagship company of KK Modi Group. They have many iconic cigarette brands like Four Square, Red & White, and Cavanders to its name. It also have an exclusive sourcing and supply agreement with Philip Morris International to manufacture and distribute the renowned Marlboro brand in India. TTM PE : 17.05 (High PE) Sector PE : 21.89 Beta : 0.60 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 2.67% away from 52 week high Outperformer - Godfrey Phillips India up by 19.31% v/s NIFTY 50 up by 2.48% in last 1 month 📈 FINANCIALS Piotroski Score of 7/9 indicates Strong Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:GODFRYPHLPLong
by Munish_Jain
MAN/USDT 20x Potential and Bullish As per chart analysis NYSE:MAN 21x Potential Bull Run Analysis 1⃣ #MAN Broken Potential Inverse H&S Pattern 2⃣ Technically MAN/USDT is 21x Potential from Breakout Level 3⃣ Bull Run Targets = $$0.148/$0.387/$0.69 4⃣ Best Accumulation Zone of Matrix AI Network ◾️ Entry 1 = $0.05-$0.037 ◾️ Entry 2 = $0.03-$0.025 5⃣ Matrix 3.0: Blending neuroscience, AI, and blockchain 6⃣ Avatar Intelligence (AvI) to create digital avatars from brain data ( This is 1st phase of AvI implementation )
Long
by CryptoPatel
Gold eases from record top, focus on $2,150, US NFPGold price snaps seven-day winning streak while retreating from the all-time high (ATH) of nearly $2,165 to $2,156 early Friday. In doing so, the precious metal portrays the consolidation of recent gains ahead of the all-important US employment details for February amid the overbought RSI (14) conditions. It’s worth noting, however, that the bullion still trades above the immediate resistance-turned-support, namely the previous record high marked in 2023 around $2,150. Hence, the XAUUSD sellers need validation from the US jobs report as well as the $2,150 to retake control. Following that, a quick fall toward the late December 2023 peak of around $2,090 and the $2,065-64 support zone can’t be ruled out. Even so, the commodity bears need to remain cautious unless the quote offers a daily closing beneath three-week-old rising support and the 100-SMA, respectively near $2,050 and $2,022. On the flip side, the Gold buyers stay in the driver’s seat and can aim for a 10-month-old ascending resistance line, close to $2,185 by the press time, during further upside. Should the quote manage to ignore the RSI conditions and remain firmer past $2,185, the $2,200 round figure will act as an extra filter toward the north. It’s worth noting that the XAUUSD’s successful trading above $2,200 enables buyers to aim for the 78.6% Fibonacci Extension (FE) of its moves between 2018 and 2022, around $2,336. Overall, Gold price remains on the bullish trend but a pullback appears imminent unless the scheduled data fail to inspire US Dollar’s rebound.
OANDA:XAUUSD
by MTradingGlobal
PEPEcoin now 1000% up from our Entry Level.. cheers#PEPE 1000% Profit Update: 1⃣ Finally, I booked My Profit from CRYPTOCAP:PEPE Coin. 2⃣ My Entry was $0.000000710 on Oct 2023 3⃣ Today I Sold all PEPE at $0.0000079 price 4⃣ My Investment was $9000 5⃣ My Total Realized Profit is $92,380 ( Almost 10x ) 6⃣ My PEPE Holding Period is only 5 Months 7⃣ Still 700% up from My Initial PEPE Entry Setup 8⃣ My Honest View = Now is Not Good time to Fresh entry into PepeCoin Hope you also enjoyed my Long-term GEM analysis. Thank you for your Trust and love with the CryptoPatel Family. NFA
Long
by CryptoPatel
INFIBEAM | Swing Trade📊 DETAILS Sector: Online Services Mkt Cap: 6,418 cr Incorporated in 2007, Infibeam Avenues Ltd is in the business of software development services, maintenance, web development, payment gateway services, e-commerce and other ancillary services TTM PE : 45.29 (Average PE) Sector PE : 34.35 Beta : 1.22 📚 INSIGHTS Strong Performer Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation 4.12% away from 52 week high Outperformer - Infibeam Avenues up by 9.65% v/s NIFTY 50 up by 4.59% in last 1 month 📈 FINANCIALS Piotroski Score of 6/9 indicates Average Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:INFIBEAMLong
by Munish_Jain
6
EURUSD pullback appears imminent but bulls stay hopefulEURUSD bulls take a breather at a six-week high as a rising wedge challenges the quote’s further upside. Apart from the stated bearish chart formation’s top line, the overbought RSI (14) line and sluggish MACD signals also challenge the Euro pair’s further advances. As a result, a pullback toward the 38.2% Fibonacci retracement of the pair’s December 2023 to February 2024 downturn, close to 1.0865, appears imminent. However, a convergence of the 100-bar and 200-bar Exponential Moving Average (EMA), as well as the aforementioned wedge’s bottom line, around 1.0830, appears a tough nut to crack for the sellers. In a case where the quote drops below 1.0830, it confirms a bearish chart pattern suggesting a theoretical target of 1.0610. During the likely fall, the lows marked in late 2023 and in the previous month, respectively near 1.0725 and 1.0700, could offer a breathing space to the bears. On the contrary, the EURUSD pair’s successful rejection of the rising wedge formation, by a clear upside break of the 1.0900 hurdle, could help it challenge the late January peak surrounding 1.0930. Following that, the 1.1000 psychological magnet and the yearly high of near 1.1040 and late 2023 top around 1.1140 will lure the Euro buyers. Overall, the EURUSD pair is likely to witness a pullback amid a lack of more incentive for the bulls. That said, the bearish trend, however, remains off the table until the quote stays beyond 1.0830.
by MTradingGlobal
Plan Trading Gold 7 MarchYesterday's candle was a strong green one, with a range of 27 pips and a body of 20 pips. Notably, it broke through the previous peak at 2149, reaching 2152. The trading volume for three consecutive days was consistently higher than the average, indicating a strong upward trend for gold prices. Regarding news: Yesterday had three pieces of news— one negative for the currency and two positive ones. However, overall, the economy seems to be facing difficulties as the indicators are worse compared to previous months. Today's news includes Unemployment Claims at 8:30 AM (better if lower for the currency). The last release was negative for the currency, yet the price sharply increased by 18 pips. This news is crucial. Another news event is Fed Chair Powell's Testimony at 10:00 PM, tightening/ maintaining is good for the currency. The recent release was yesterday, causing a 4-point price fluctuation with general and vague statements. Key buy/sell zones to watch: Buy zone 01: 2133-2134 Buy zone 02: 2124-2125 Scalping orders: Around buy 2142, sell 2150. It's challenging to estimate the sell zone after the news due to risks. Perhaps around 2174.
OANDA:XAUUSD
by DucFI
Momentum Swing idea| K P R Mill Ltd K P R Mill Ltd K.P.R. Mill is engaged in one of the largest vertically integrated apparel manufacturing Companies in India. Market Cap ₹ 27,314 Cr. Current Price ₹ 799 Stock P/E 34.1 ROCE 24.4 % ROE 23.4 % Debt to equity 0.21 Promoter holding 73.8 % Quick ratio 2.33 Current ratio 3.99 Piotroski score 5.00 Profit Var 3Yrs 29.5 % Sales growth 3Years 22.6 % Return on assets 15.4 % This stock has good fundamental with weekly in momentum RSI above 55 . this is debt free company. Keep in radar Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
BSE:KPRMILLLong
by Momentuminvesting5540
Momentum Swing Idea| ICICI Prudential Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. Market Cap ₹ 83,099 Cr. Current Price ₹ 577 Stock P/E 91.1 ROCE 10.0 % ROE 8.45 % Debt to equity 0.11 Promoter holding 73.3 % Quick ratio 1.10 Current ratio 1.10 Piotroski score 5.00 Profit Var 3Yrs -8.65 % Sales growth 3Years 33.0 % Return on assets 0.33 % This in in momentum stock with brand recognition. This purely chart pattern analysis. Rsi above 55. keep in radar. Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation. If you like my ideas than like boost and follow me for more ideas. Thanks and comment freely
BSE:ICICIPRULILong
by Momentuminvesting5540
SEQUENT | Investment Pick📊 DETAILS Sector: Pharmaceuticals & Drugs Mkt Cap: 3,512 cr Sequent Scientific is India's leading animal health company, with presence in 5+ continents across 100 countries. Sequent Scientific Limited provides a wide-ranging portfolio of animal health products, including Finished Dose Formulations, APIs, as well as analytical services to the pharmaceutical and life sciences industries. TTM PE : -- (Low PE) Sector PE : 52.24 Beta : 0.36 📚 INSIGHTS Mid range performer Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest. 4.76% away from 52 week high Outperformer - Sequent Scientific up by 14.68% v/s NIFTY 50 up by 0.77% in last 1 month 📈 FINANCIALS Piotroski Score of 2/9 indicates Weak Financials Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:SEQUENTLong
by Munish_Jain
6