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Support and Resistance

Devyani International can give a tasty breakout. Devyani International Ltd. engages in the development and operation of quick service restaurant. It operates through Within India and Outside India segments. The company manages brands like Costa Coffee, KFC, Pizza Hut, Vangoo and The Good Street. Devyani International Ltd. CMP is 172.37. The Positive aspects of the company is Company with Zero Promoter Pledge and increasing revenues for last 4 Quarters. Book value of the share is also increasing for the last 2 years. The Negative aspects of the company are extremely high Valuation (P.E. = 644.2), Companies Increasing Debt as per Annual Report, Declining Net Cash Flow : Companies not able to generate net cash. Entry can be taken after closing above 174 Targets in the stock will be 181, 188 and 198. The long-term target in the stock will be 205, 218 and 223. Stop loss in the stock should be maintained at Closing below 167 or 158 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:DEVYANILong
by Happy_Candles_Investment
Cyient DLM looking like it will deliver. Cyient DLM Ltd. engages in providing total electronic manufacturing solutions. It operates through the following segments: Aerospace and Defense, Medical, Industrial, and Transportation and Telecom. It offers design-led manufacturing (DLM) solutions. Cyient DLM Ltd. CMP is 677.85. The Positive aspects of the company are Company with Low Debt, Company with Zero Promoter Pledge. The Negative aspects of the company are extremely high Valuation (P.E. = 79.8) and Inefficient use of shareholder funds. Entry can be taken after closing above 686 Targets in the stock will be 722, 747 and 775. The long-term target in the stock will be 802, 841 and 869. Stop loss in the stock should be maintained at Closing below 649 or 599 depending on your risk taking ability. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:CYIENTDLMLong
by Happy_Candles_Investment
Nifty Short Term Analysis. Nifty today has given a poor closing below 200 days EMA but the only saving grace can be that the closing is just above Mid-Channel support of 23500 and Important Fibonacci support of 23263. These Two supports are broken then more hell can break loose and we can get to see the next Fibonacci supports being tested. The next Fibonacci supports can be near 22509 or 21585. On the positive side if either of the support is held and then we can see a new rally in Nifty wit resistances at 24718 and 25347. It looks like Nifty will take some time to reach new highs as the the mode is bottom searching and consolidation as of now. Fresh rally and Bullish recovery can start only after we get a closing above these 2 levels. However, this can be a good time to go long by picking good blue chip stocks available at good valuations. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Bitcoin Dominance at Major Resistance: Alt Pump Incoming? 🚨 Bitcoin Dominance Update 🚨 Currently sitting at 58.69%, Bitcoin dominance has reached a critical confluence of horizontal and trendline resistance. 📉 Key Observations: - Dominance retraced precisely to the Golden Ratio (0.618 Fibonacci) level. - This area marks a potential reversal zone. 💡 What This Means: A decline in Bitcoin dominance could signal the much-anticipated altcoin season as capital flows out of BTC into altcoins. 🗺️ Key Levels to Watch: - A breakdown from this resistance could lead to massive altcoin pumps. - On the flip side, a breakout above this resistance could invalidate this setup. 📊 Keep your eyes on this setup, and let’s prepare for potential opportunities in the altcoin market. 🚀 🔔 Follow for more trade ideas and market insights! BitcoinDominance Altcoins CryptoTrading AltSeason BTC
CRYPTOCAP:BTC.D
by karmatseringhyolmo
EUR/USD Tests Key Pivot Points Amid Bearish TrendHello, FX:EURUSD has broken above the 1D resistance level and is now advancing towards the 1W pivot point (PP) for another test. If it successfully crosses and holds above this PP, further upward movement is likely, applying to both the 1W and 1M pivot points. However, it’s important to note that the pair remains in a strong bearish trend overall. Despite this, buyers have taken long positions, viewing the recent low as a potential turning point for an upward move. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
EURUSD Waiting for confirmation1. Time Frame: - Daily: FVG Identification - H4: FVG Identification - H1: Entry Signal 2. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 1.0380 - 1.0466 On the Daily chart also note FVG between 1.0422- 1.0480 3. Trend Confirmation: Price has break support at 1.0453 with massive net sell volume. Price has rise back to Daily & H4 FVG area. 4. Position: Entry: Waiting for confirmation Stop Loss : 1.0485 Take Profit: 1.0345 & 1.0240 (fibo 161.8 & previous low) RRR : 1:xx ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
XAGUSD: Key Levels to WatchHello, OANDA:XAGUSD appears to have found support, but the key level to watch is 29.579. If the price breaks and sustains above this level, further upside momentum is likely. However, if resistance holds, we can expect continued downside movement. Should a bullish breakout occur and momentum builds, the price may advance toward the 1M pivot point. Additionally, it's important to note that the 1M strong support is positioned at 28.702. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
OANDA:XAGUSD
by TradeWithTheTrend3344