Stock has been trading in sideways and it reaches the bottom support line and printed positve pin bar which is sign of buyers . It has potential to move till the resistance ( might take a year to achieve the target of 18% )
Cognizant Technology has been some profit booking on weekly charts after hitting high of 76.85. After the weekly high candle we saw an inside candle and followed by big bodied red candle with range expansion on downside. Low is formed at 72.69 on the stock. Watch earlier swing highs at 72.71 and 72.36 formed in first and last week of August 2023. We have a...
Nasdaq Composite Index has seen some profit booking in last 2 weeks. Recent high at 15150.07 was not sustained with 15151 as mirror number ( I am always fascinated with such numbers). Incidentally the level of 75% of the range saw profit booking which was 14681.38. We need to sustain above this level to see further growth on the index.Supports at 14167.01 and...
Flagpole breakout to a lower side. possibly to going to much earlier lower zone of 69
The selling created in past 2 year which took support and in 2023 has formed a good trendline support. Though it has good formed higher low pattern but the recent move was looking for a little breather before breaking out the near term resistance. up move beyond resistance may not be challenging as supply area are less.
This is what is gonna happen. Dont ask me Stop Loss cause hum nahi jaante ye sab kon hai. No seriously im just a degenerate gambler. okbye.
TSLA has broken out of falling trendline. SL is if closing below trendline.
Some key levels have been broken and also the market did reverse after taking the all-time highs. The momentum to the upside was fading and it is evident from the smaller ascending channel formed when the all-time high was taken out. Right after that, the market broke the ascending channel with momentum and this also adds up the possibility for a sell-off in the...
Booked profit of about 19.28% on the invested capital. I do realize that there is a potential for a move of about 9% to the next key inflection levels. But considering the overall valuation of the US market and the high interest rate environment and the possibility for a recession to hit the US economy in the near future, I do expect a sell-off. So decided to...
Fundamentals Pros Very consistent free cash flow. Revenue is increasing YOY. There is good enough institutional interest in the stock. This is a mega cap company. They are a dividend king. Hardly any short interest in the company. They have 3 times of their net debt as free cash flow. This is a good sign in times of recession. Cons There is a lot of competition...
NASDAQ:YI Very Very RISKY Trade am expecting this stock to take 3rd support in that trend line expecting a small up/ small retracement enough for me to close this trade Disclaimer: * its only my analysis ,am just back testing my strategy * * am not any registered advisor/expert * * its not a buy/sell call*
Nasdaq ixic index at 15050 Daily time frame Bearish wolf wave pattern formation on long time consideration , ascending sharp wedge on smaller time consideration Wedge is already broken and reversal from above the wolf wave resistance line is in progress,, if this wolf wave has to progress as per theory, than index might head towards levels of 13700-13500. in...
Hey Guys Some NRI Friends have asked for Analysis for stocks in the US Market. Investment Idea 1 - Long Accenture on Monthly Basis Stock Taking Support Multiple Times around $244. Good Range to Buy 25% of Investible Capital around 260 Levels 25% of Investible Capital Around 240-244 50% of Investible Capital at 225-226. Hold Period 6-8 Months for Target 1 - 300...
Take entry above $27 has made a fresh monthly demand zone. Near Breaking it out for Targets 36 & 44 SL 22
Fresh Demand Zone Created in Monthly Charts. Can Go Long at current Prices Targets - 480/535/630 ( 8 Months Basis ) SL is 347. Should do good.. Do your own research though this is not a recommendation to buy/sell just a viewpoint
Multiple Times has reacted from the 176-178 Levels. If however 184 level breaks will see new heights for the stock 200++