Weeklymarketsanalysis
Cigniti Technologies | LongTechnical:
1) Flat breakout with almost 5 years of consolidation.
2) Breakout supported with good volumes.
3) Breakout Retest supported with volume dry-up.
4) Momentum indicators all in support.
Fundamental:
1) Company is almost debt free.
2) Positive cash flow.
3) Into Tech Niche - (Quality Testing).
4) Posting good profits.
Good candidate to study from investment perspective!!
Bitcoin weekly chart turned into bullish, next target may be 45k#BTC (weekly update)
Technical analysis:
Hello everyone, welcome to this quick update:-
For the First time Since April 2020, After 8th consecutive Weekly Candle Closed above the 50 WMA now Bitcoin weekly closed Below the WMA50 & Lowest Weekly Close of the Year As well but its bear trapped, btc bounce nicely after the closed and btc again above the 50 WMA which is reversal sign.
So far bull Looking Good & Bitcoin was bounced from 30k Horizontal Support Area as well as trendline support.
RSI break the its downtrend as well as it bounce from support line
If Bitcoin Bulls is not break the 41k Daily resistance, Next Stop could be 34k and then 30k see it again
If Bitcoin Bulls is Clear the 41k then next stop will be 45k which is 21 WMA
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#bitcoin #crypto #nextmove #bullmarket #sideways #btcusdt #weeklyclosed
EURGBP weekly analysis (350+ pips)📈1. Based on historical price movement the new price action is forming just same pattern it made few weeks ago. So same following pattern can be seen this time!
2. Also double bottom was spotted on weekly chart.
3. Supply Demand / Flag formation / Wedge formation.
4. Stay tuned for sniper entry.
Follow for more 📊
ALL THE BEST!
Associated Alcohols & Breweries | ASALCBRTechnical:
1)Trading in Channel
2)Morning Star Candle formation at Weekly support. A good sign of reversal.
3)Daily momentum indicators also showing positive signals.
Fundamental:
1)Amazing YoY Balance sheet.
2)Increasing YoY Net Profit.
3)Increasing YoY EPS.
4)Increasing YoY ROCE.
5)Almost debt free.
Lucrative stock from Investment perspective. Study it!!
IONEXCHANGE | A Potential Multibagger Technically:
1)Broke-out from Stage I - Consolidation (approx. one year) with good number of Volumes.
2)Entered into Stage II - Uptrend.
3)Support around 30 EMA.
Fundamentally:
1)Posting amazing QoQ & YoY results.
2)Almost Debt free.
3)EPS & ROCE increasing with good numbers.
Great stock to watch out for!!!
TINPLATE | A Potential MultibaggerTechnically:
1) Entered into Stage II - Uptrend after Weekly resistance breakout with huge Volume.
2) Good Price Volume Action can be seen.
Fundamentally:
1) Posting remarkable Quarterly results.
2) Almost Debt free.
3) Increasing EPS.
4) A subsidiary of Tata Steel Ltd.
A Potential Multibagger!!
Sequent Scientific Weekly View1) Weekly Trendline Support Broken.
2) Entered into Stage III - Consolidation/Minor correction.
3) Taking Support at 225.
4) If we apply Dow Theory:
(i) A close below previous swing low (HL/214) may result in change of Trend. Which is Stage IV - Downtrend. OR
(ii) Stage III may continue for a while before it enters next Stage II - Uptrend.
Investment Idea || Larsen & Toubro LtdWeekly Investment Idea | Large Cap Stock | Larsen & Toubro Ltd #LT
1) Good weekly close.
2) Inverted Head & Shoulder Breakout.
3) No near term resistance. ATH.
Free Tip #Calculation of Target in INHS type of breakouts:
Target = R1 + (R1-S1) = 1600 + (1600-765) = 2435.
Note: Above values are approx. values. Please refer chart.
Late night Technical analysis talk - Swing and Intraday stocks These are potential trades given by you guys only in the comment section :) also, some are my findings, UPL bearish trade can be taken as a good intraday
opportunity and the same goes for bajaj finance 15min BO anticipation and inverted HnS trade.
Other stocks are good to go for our swing trades
Sell AppleBased on previous analysis apple is ready for weekly pullback!
Check the previous analysis on my profile!
How to enter:
1. when the counter trendline is broken take a good R:R and sell
2. Taget is 140 but fir safety make is 140.5
3. Use Counter trendline and lower highs for stoploss!
All the best!
SELL AUD/JPY Potential down move on AUD/JPY 📉
Things to consider:
1. Triangular Formation
2. MACD and price downward momentum
3. COT data shows AUD is being short and JPY is also being short so overall strong down movement upcoming
How to enter:
1. Entry after the weekly resistance is broken
2. Entry should be on 4hr timeframe for better R:R
3. Enter when storng down momentum starts
Investment Idea || BOROSIL RENEWABLESTechnically:
1. Weekly resistance breakout with good volumes during Dec,2020 week.
2. After seven months of consolidation poised well for another breakout.
3. Good Price-Volume action.
4. Technically, next stop around 530.
Fundamentally:
1. Sustainable business.
2. Healthy Quarterly/Yearly results.
3. Almost a Debt free company.
Potential Multibagger in coming years.
SWING idea for IIFLWAM#IIFLWAM is ready for its ATH level breakout, here in chart you can see good bullish hammer candle with high volume ever in this stock. above 1664 looks good for #swing trade, do not enter without proper Risk management. this is for educational purpose.