SWING IDEA - HAVELLS INDIAHavells India , a leading electrical equipment company, is presenting a promising swing trade opportunity.
Reasons are listed below :
Breakthrough of Resistance Zone : The 1450-1500 zone has historically been a strong resistance area. The price has broken through, retested, and is now again breaking previous higher highs, indicating a potential upward momentum.
Bullish Marubozu Candle on Weekly Timeframe : A Marubozu candle, which lacks upper and lower shadows, shows strong bullish sentiment, suggesting continued buying pressure.
Breaking a Long Consolidation Phase : Havells India has emerged from a consolidation phase that lasted over 2.5 years, indicating a potential bullish trend ahead.
Trading Above Key Moving Averages : The stock is trading above the 50 and 200 exponential moving averages on the weekly timeframe. This is a strong indication of a prevailing upward trend.
Higher Highs : The stock is forming higher highs, suggesting that it is in a consistent uptrend and may continue to climb.
Trading at All-Time High : While this indicates a bullish outlook, it is important to monitor the price action for any signs of exhaustion or potential pullbacks.
Target - 1900 // 2100
Stoploss - weekly close below 1450
Disclaimer :
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Alltimehigh
ABCapital Near its ATHOn monthly charts, stock has created inverted head and Shoulder pattern. Stock is consolidating near multiyear resistance and its all-time-high. short term target can be 260. If it sustains above 265, stock can show massive rally towards 450-500. But it will take time. Still, its good entry point if you can hold it for next 3 years.
Disclaimer : this is not stock suggestion. ideas are for educational purpose only.
S&P 500 forecast: Outsized rate cut music to bulls’ ears. S&P 500 forecast: The US stock market has shown impressive resilience following the recent volatility. Investors, thrilled by the Federal Reserve’s outsized rate cut, have pushed index futures higher. However, there are mixed opinions about what lies ahead. For now, it looks the S&P 500 will finish the week at a fresh record high.
Fed’s Rate Cut and Its Impact on Markets
The Federal Reserve’s decision to deliver a 50-basis point rate cut was largely welcomed by investors. The move was seen as a bold but necessary step to ease economic concerns without sending panic signals reminiscent of the 2008 financial crisis. Fed Chair Jerome Powell emphasised that the cuts are not part of a long-term strategy but rather a proactive measure aimed at stabilising growth, now that inflation appears to be on the path of returning to its target.
Markets initially sold off but quickly rebounded, with S&P 500 futures suggesting a potential new record high is on the horizon at the cash open today. The Dot Plot projection also boosted investor confidence, showing a possible 50 basis points of cuts this year and 100 next year, with the terminal rate expected to hit 3.0% by 2026. But what now?
Can the S&P 500 Rally Continue?
With the S&P 500 up nearly 19% year-to-date, investors are wondering if the rally can be sustained. On the surface, it appears that market sentiment is bullish, bolstered by the Fed’s actions and a series of robust earnings reports. Yet, looming risks, such as global economic slowdown in the Eurozone and China, may challenge this optimism. Moreover, seasonal trends indicate that September is typically a tough month for equities, adding a potential headwind to the current rally – although so far this hasn’t held investors back. With the US presidential election approaching, market volatility could spike, leaving investors hesitant to dive into new rallies without a clear trend.
S&P 500 forecast: Technical Analysis and Key Levels to Watch
Despite some volatility after the Fed’s rate cut, the S&P 500’s bullish trend remains intact. Traders should keep an eye on the support range between 5613 and 5670, with the upper end of this range marking the high from July. As long as the index holds above this support area, the short-term path of least resistance will remain upwards, potentially keeping the market on course to head towards 5800 or even the 127.2% Fibonacci extension level of 5827, derived from the drop in July.
However, a dip below 5613 would signal a shift towards bearish sentiment, potentially pushing the index down to its next support and short-term trendline around the 5480-5500 area.
Bearish Risks and Market Sentiment
While the bulls are currently in control, bearish traders are watching for signs of a reversal. A drop below recent lows, as suggested above, could signal the end of the short-term bullish bias, reminiscent of the July sell-off when overbought conditions led to a sharp decline. Then, the signal came in the form of a bearish engulfing candle on 17 July. Bearish traders need to wait for a similar confirmation before making any significant moves, given the overall bullish structure of this market.
Risk Management in a Volatile Market
Regardless of whether you're bullish or bearish, managing risk is critical in today's market. With heightened uncertainty surrounding the economy and upcoming elections, volatility is expected to remain high. Traders should stay nimble and be prepared for sudden shifts in the market’s direction.
In conclusion, while the S&P 500 forecast remains cautiously optimistic, several factors could derail the current rally. Staying informed and agile will be essential for navigating the coming weeks. We will, of course, highlight any major shifts in the trends, if observed. Stay tuned.
-- Written by Fawad Razaqzada, Market Analyst
Hey SPY lovers, look at all that green! Do you believe me now?We are undoubtedly in a scenario where the price is showing a lot of strength. As we can see, the price previously attempted to break all-time highs but encountered an institutional liquidity block, trying twice and creating a double top before making a pullback for days !
This second attempt to break the all-time high will be very important because, after the pullback, we were able to forecast the limit where the price would bounce back. Just one candle with a lot of volume and buying pressure was enough to realize that the price would reverse at $544.
If you've been following this analysis for weeks or months, you'll notice that everything is playing out according to our price action and institutional analysis.
Now, we just need to wait for that ATH, and I think this time will be different, especially considering that we're in election months, and the current president's political party wants the economy to look strong before the elections. So, we can expect a bull run from now until November.
Thank you for supporting my analysis, and if you've benefited from it and made profits, congratulations, I'm happy for you.
Best regards.
XIU / TSX (Toronto Stock Exchange)The TSX / XIU (ETF) is going down over the next 8 months, no doubt in my mind as a Canadian. Housing is not selling, starts are being cancelled / going bankrupt, we are over-populated and our infrastructure can not handle it. The rate decreases won't save our over-leveraged banks (real-estate, mostly residential, down 20% in many areas and still barely any buyers and many looking to exit - investors primarily). No way this holds these levels.
I bought Feb 2025 $34 puts for $0.65 CAD. I expect this could be a ten bagger, especially if they finally admit Canada and USA and the world is in a massive recession. It is undeniable here. Foodbanks are empty and people are too strapped to donate (or are sick of seeing "students" from India eating "free food" meant for Canadians - many of whom are struggling).
This stock price is a joke.
Good luck to all!
Happy Labor day SPY Lovers ! (4hr Chart Analysis)This is our 4-hour chart, and as you can see, I am linking it with the daily chart I published earlier.
What I want you to notice is the number of orders positioned at 544.58. We must take into account that on our daily chart, this is the second time the price has activated the institutional order block, and there was no intention of a breakout; it was simply rejected as we predicted last week.
The price on the 4-hour chart has only moved within a range and hasn't been able to surpass all-time highs yet. Looking at the chart, it gives me the impression that it might reject again.
No one knows what will happen; this is an analysis based on historical movements, price action, and smart money concepts.
Let’s see what Tuesday brings, but for now, enjoy your Labor Day!
Cheers, and thank you for supporting my analysis.
Hey SPY LOVERS ! Happy Labor Day ! (Daily Chart Analysis) There really isn't much to see here. The entire week we were simply in a broad range. The price activated the institutional order block for the first time and made its natural rejection, as we mentioned in the previous analysis, showing liquidity for several days. However, the price regained strength to return to the institutional order block once again.
There are 2 things I can identify on this chart:
1- The price, volume, and strength to return to the order block.
2- On a 4-hour chart, the price is showing a lot of orders positioned to the downside, which makes me think that the price might not have the strength or volume it's looking for to break the institutional order block and surpass the ALL TIME HIGH.
In conclusion, we have to wait for the market to open tomorrow, as today, being "Labor Day," there was no session
I will publish my 4-hour chart and link it with this one so you can see the number of orders positioned around 544.58.
Let's see how it goes when the market opens on Tuesday.
SWING IDEA - WELSPUN LIVING Welspun Living , a leading company in the home textiles sector, is presenting a compelling swing trading opportunity based on several key technical indicators.
Reasons are listed below :
Head and Shoulder Pattern Breakout : The price has broken out of a head and shoulder pattern, indicating a bullish reversal and potential for further upward movement.
170 Resistance Zone Breakout : The 170 level was a significant resistance zone. The price has broken out above this level and is sustaining, indicating strong bullish momentum.
Bullish Marubozu Candle with a Strong Close : The recent formation of a bullish marubozu candle with a strong close signifies strong buying pressure and suggests potential for continued upward movement.
Breaking 3+ Years of Consolidation : The stock is breaking out of a long consolidation phase that lasted over three years, signaling the start of a new bullish trend.
Gradual Increase in Volumes : A noticeable increase in trading volumes confirms the strength of the price move and indicates growing investor interest.
Trading Above 50 and 200 EMA on Weekly Timeframe : The stock is finding support at both the 50-week and 200-week exponential moving averages (EMA), reinforcing the overall bullish sentiment and providing strong support levels.
Trading at All-Time High : The stock is trading at its all-time high, suggesting strong market confidence and potential for further gains.
Target - 200 // 250
Stoploss - weekly close below 145
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Muthoot Finance: All-Time High Monthly Breakout!💰📈 Muthoot Finance: All-Time High Monthly Breakout! 🚀
🔍 Current Market Price (CMP): 1745
📉 Stop Loss: 1640
🎯 Target: 1890, 2274
✅ Confirmation Above: 1820
Reason: Muthoot Finance is breaking all-time highs with a monthly breakout. The gold loan business is poised for growth as gold prices skyrocket, potentially leading to higher gold disbursements.
⚠️ Important: Preempting market movements with low position sizing is crucial due to volatility, especially with upcoming election results.
⚠️ Disclaimer: Not a SEBI registered analyst. Consult your financial advisor for personalized advice.
🌟 Let's navigate the waves of opportunity together! #MuthootFinance #MarketAnalysis #TradingInsights 📊💼
SPY LOVERS ALMOST ATH AGAIN!! But be very Careful read this... We are very close to the price reaching our institutional order block in the supply zone, where we could expect a small liquidity rejection upon touching it.
According to my forecast, the maximum rejection would be at 549.71, no more! This is a historically significant zone where the price has shown important impulses and patterns. Additionally, the price is moving with a lot of volume and buying strength. We are very, very close to reaching new all-time highs, but the big question is:
Will it surpass the all-time highs this week?
In my opinion, it might, but we must be very cautious as it could be an institutional liquidity trap leading to a strong pullback. So, we need to stay alert to any movement it makes.
Thank you for supporting my analysis; so far, everything has been going according to the forecast.
Best regards.
BAL PHARMA - 3 YEARS OF SUPPLY ZONE BREAKOUT3 YEARS OF SUPPLY ZONE BREAKOUT STOCK FOR SWING TRADING
BUY PRICE : 140
SL : 107 (only for swing traders)
TARGET : 215 (52%)
Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made.
Bitcoin - Buyers Are Still In ControlBITSTAMP:BTCUSD is reversing every single rejection of the previous all time high which we saw over the past couple of months, clearly showing that buyers are still overall in control of Bitcoin.
Click link above to see detailed analysis 👆🏻
For a couple of months in a row, Bitcoin has been retesting the previous all time high which was created back in 2021 but was not able to break it towards the upside sustainably. However it is quite likely that we will soon see a bullish breakout considering that investors are literally buying every single dip and traders are too hesitant to sell their positions.
Levels to watch: $60.000
Keep your long term vision,
Philip - BasicTrading