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Sectoral Analysis-Nifty MetalNifty Metal is all ready to make a new ATH.
The chart structure indicates a bounce from strong support trendline and we have seen a breakout today of 9400 level.
Levels to watch are 9600, 9750, 10000++
Keep metal sector stocks in watchlist for quick swing like Vedanta, Hindzinc, Hindcopper.
SAIL is available at an amazing support retest and can be a good positional pick as well.
Please comment below if you need any specific stock analysis!
Engineers India Breakout or Breakdown Engineers India Limited is an Indian is a central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is under the ownership of Ministry of Petroleum and Natural Gas, Government of India.
94 on the upside
49 on the downside
Watch Coal India Weekly - Bullish if closed above 209Coal India Weekly chart.. i am bullish if the weekly candle closes above 209, can see huge move 400+ if closes above 209.
Its a TLBO in weekly, Inverted Head n sholder in weekly also 200 ema support on daily. It need to cross the previous resistance zone to get ready for big move..
Analysts hold their $250K Bitcoin price target even as BTC fallsData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $59,930 on Bitstamp, down another 6% on the day.A rebound took the pair back above the $60,000 mark, but caution remained the name of the game as the week saw the price slide below $61,000."Was watching that $64K zone as a crucial level to break and the market has failed, so a corrective move is taking place," Cointelegraph contributor Michaël van de Poppe summarized the situation."Overall; looking at $56–$59K as a good spot to buy Bitcoin."The previous all-time high at $64,900 turned out to provide little by way of new support, instead becoming more of a repeat resistance zone as bulls had little luck securing their newly-won gains.Optimism, as is customary, came only from those adopting a longer-term perspective. Among them was popular Twitter analyst TechDev, who stressed that 2021 was still conforming to historical bull market trends."Final BTC impulse has ALWAYS been five degrees steeper than the run-up to the mid-cycle peak," he noted alongside a comparative chart."Holding true so far. If it continues, and the $228K–$250K window is hit (two most historically reliable fib-based targets)... It would happen end of Jan. Will be interesting to watch."
Midweek Watch 8/18 - $PLTRThis is a name on my list which I've been watching off this $23.70 - $24 area. You got Quarterly pivot around $23.70 and look at how closely the candles from last few days had been holding. I wrote down to join a long on this name off $24.20 which is the 200D SMA $ $23.70 is the same level its been holding for a while.
Midweek Watch 8/18 - $GRPNReally interesting one. I've been waiting for a bottom on this stock to go back to $31s or $32s, I'm looking for a possible reversal. I wrote down $22.90 which is where you got today's low which is $22.86. Looking for a long risking $22.50 or maybe the lows from couple of days ago, for a turn back into $25 - $26. There's plenty of upside on this name, so will keep a real close eye on this one.
Midweek Watch 8/18 - $DKSWith the market coming in, I am watching a couple of name which are really hovering at the support level. If they break that support they might give a nice wash. $DKS has had a strong uptrend, so if this breaks this level could do a nice wash. I wrote down $101.50, you got the 50D SMA at $101.41 and $101.29 is the monthly pivot. I want to be a little bit above that, around that whole number. So around $101.50 is where I'll be looking for a long.
Midweek Watch 8/18 - $STX$86.10 is my level. You got the monthly pivot right above $85 spot and 126D SMA as well. I'm looking for a retrace on it, if you draw Fibonacci retracement from where the move started you could see that $85 - $86 is right at the 50% - 60% pocket. Had good numbers, pulling back a little bit and also closed above 50D SMA, let's see if it plays out or not.
Midweek Watch 8/18 - $CSCOReported earnings and trading down in the $54 level, I wrote down $53.20 & $52.30. I looked the numbers and guidance they look okay. $53.20 is going to be monthly pivot and $52.30 is going to be a decent support level with annual pivot at that spot. $53.20 is where it kind of kissed in the post market.
Midweek Watch 8/18 - $SPY / $QQQ LONGIm just looking for pullbacks into levels giving us a buying opportunity. I'm hoping if the $SPY could come into this 50D SMA. $QQQ also came in a little bit, coming right into the MP and let's see if it can pullback into this 50D SMA.
I do love the fact markets pulled back and really hope it continues to drop a day or two and sets up a really great opportunity for us.
Midweek Watch 8/11 - $DDD LONGHad really nice earnings and made a huge move. Buyers were all over it. $33 & $31 is my levels for a long. $33 is wednesday's low and a quarterly and $31 is just above this monthly and 50D. I think the stock took a
breather yesterday and feel like buyers are still around on this name. I think it can push back into that $40 level near term. $33 is kind of close to where its trading, if it washes through it will look to trade off the next
level which is $31.
Midweek Watch 8/11 - $HOLX LONGThis is an interesting one, if you draw a horizontal line from April you can see its getting close to a breakout level. My level for long is $76.30, which is just below prior close and just above quarterly pivot.
If you look at some of the moves it has had $3 range on it, if it has a strong day on Thursday will be around to take advantage of the range.