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CARVANA $CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd,CARVANA NYSE:CVNA | RANGE BREAKOUT BEFORE EARNINGS - Apr. 23rd, 2024 BUY/LONG ZONE (GREEN): $72.50 - $81.25 DO NOT TRADE/DNT ZONE (WHITE): $68.50 - $72.50 SELL/SHORT ZONE (RED): $60.00 - $68.50 Weekly: DNT Daily: DNT 4H: DNT, lean bullish This was requested at the end of last week but I didn't get around to it. I drew up this NYSE:CVNA chart analysis yesterday as I was entering a new trade, but wanted to wait until today to post it. I did not adjust the zones and kept them as they were yesterday, even though today price has already broken into the bullish zone, there is still room to enter new trades to the upside, or if bears want to take on some extra risk they could enter extremely early here if they expect a pullback. Earnings release next Wednesday, May 1st, 2024, and I'm looking to take advantage of possible volatility. NYSE:CVNA has broken down structure on the weekly timeframe, developed bearish structure on the daily (which is now broken as of today), and had a defined range on the 4H (which was also broken as of today). Previous NYSE:CVNA trade idea is linked below! This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technicalindicators, supportandresistance, NYSE:CVNA , carvana, carvanastock, cvnastock, cvna, carvanaearnings, earningsreport, earningsrelease, carvanaearningsreport, carvanatradeidea, carvanapricerange, rangebreakout, rangebreakdown, carvanarange, rangetrading, chartpatterntrading, chartpatterns,
NYSE:CVNA
by TonyAiello
2
Strong Buy Aartiinds cmp 645, target 740-745 in 10-15 sessionsAarti Industries Ltd manufactures and deals in Speciality Chemicals and Pharmaceuticals. Company has 21+ manufacturing units, 100+ products, 700+ domestic customers, 400+ export customers in 60+ countries with major presence in the USA, Europe, Japan, etc. Product Profile: a) Special Chemicals: Benzene, toluene, nitric acid, chlorine, methanol, aniline, sulphur, etc. b) Pharmaceuticals: API, Intermediates, Xanthine Derivatives, CDMO User Industries: Polymer and additives, agrochemicals and intermediates, dyes, pigments, paints, and printing inks, pharma intermediates, fuel additives, rubber chemicals, resins, etc. Clientele: a) Polymers and Additives: BASF, Sojitz, Solvay, Teijin, Toray, Dupont, Sabia, Dic b) Pigments, Paints, Printing Inks and Dyes: Huntsman, Clariant, Atul, Archroma, Sun Chemical, Sudarshan c) Agro Intermediates & Fertilizers: Bayer, Sygenta, UPL, Gharda Chemicals, FMC, Makhteshim, Coromandel Segmental Revenue: In FY22, company generated revenue from Speciality Chemicals 84% and Pharmaceuticals 16% Geographical Revenue Split: In FY22, company generated revenue from Exports 44% which consisted of revenues from North America 11%, Europe 11%, China 5%, Japan 3% and rest of the world 11% Demerger: On 30th January 2023, company demerged its Pharma entity into a separate company viz. Aarti PharmLabs Limited after getting approval from NCLT Ahmedabad. Shareholders of the demerged company received 1 equity share of Rs. 5/- of the Resulting Company for every 4 equity shares of Rs. 5/- held in the Demerged Company Future Projects: Company is adding new chemistries and 40+ Value added products for Chemical by doing CAPEX of Rs. 2,500-3,000 crore, and also doing site development work on 100+ acre land at Jhagadia, which is expected to be completed by FY24. These include: a) USFDA capacity expansion underway: API unit at Tarapur and intermediate unit at Vapi b) Expansion cum asset upgradation for acid unit at Vapi c) Expansion, asset restoration, sustainability initiatives, etc. d) Unit at Jhagadia for 3rd long-term contract e) NCB capacity expansion at Vapi Partnership: On November 19th 2022, company signed a binding term-sheet with Deepak Fertilizers (DFPCL), for Nitric Acid off take and supply arrangement valued over ~Rs. 8,000 crore for a 20-year period. DFPCL will supply Nitric Acid to the company, at formula driven international prices from 1st April 2023 18th January, 2024: Aarti Industries Limited (AIL) announces the signing of a long-term agreement with a multinational conglomerate for supply of a niche speciality chemical. The contract entails supply over a period of four years and is anticipated to generate revenue of over Rs. 6000 crores for the Company. Financial Performance: Aarti Industries exhibited strong resilience and delivered robust performance with a 16% increase in absolute EBITDA compared to the previous quarter. Revenues increased by 2% to Rs. 1,597 crore in Q2 FY24 compared to the previous quarter. EBITDA grew by 16% on a Q-o-Q basis to Rs. 233 crore in Q2 FY24. Profit after tax stood at Rs. 91 crore in Q2 FY24, higher by 30% over the previous quarter. Aarti Industries maintains optimism about potential demand revival in end-use segments such as agrochemical, polymer additives, and other discretionary applications. The company expects better performance in H2 FY24 and foresees FY25 as a normalizing year considering the current pace of recovery. The export market is showing stronger momentum compared to the domestic market. The company expects to sustain and grow its market share in the export market. The demand for octane boosters, a key product, is growing, and the company expects to sustain and grow this demand. The company anticipates a gradual recovery in global demand and a decrease in competitive intensity. The company is progressing well with various expansion projects and expects to commission them in a phased manner from next year. Aarti Industries is committed to deploying Rs. 2,500 to 3,000 crore for growth initiatives over a two-year period. The company is targeting commissioning of the ethylation and nitrotoluene projects in Q1 FY25. Margins have improved due to a better product mix and the recovery in demand for certain products. The company expects the bottoming out of margins in the first quarter and a gradual improvement going forward. The company is focused on optimizing staff costs and other expenses.The company expects FY25 to see a progressive increase in volume and EBITDA, with a quarter-on-quarter improvement in performance. The company expects to see a gradual recovery in volumes and margins in the second half of FY24.The net debt is expected to peak at around Rs. 2,700-2,900 crore in FY24. The company expects to see a normalization of business in FY25 as the demand recovers and inventory correction is completed. The company expects volume growth across various product lines in FY25, leading to an improvement in performance. The company's exports are predominantly to regular markets, with non-regular markets accounting for around 10% of exports. Margins in non-regular markets are generally lower, but the company expects the benefit of regular markets to accrue in the future. Conclusion: The company has a strong potential to grow as it has already signed big revenue contracts for long term and looking at a growth prospects, the share price can easily reach 900 in matter of 2 months. However for a technical trade, we see a good upside momentum and strong buying pattern, completing a big U-shaped recovery and expecting a target of 740-745 in next 10-15 trading sessions max.
NSE:AARTIINDLong
by PrashantDahale
6
Double Your Winnings: Capture the Perfect Bounce with the DoubleA technical approach that could change your trading game. The Double Bottom, a classic chart pattern, comes in the form of a "W" and signals a potential uptrend after a period of decline. This configuration is characterized by two hollows formed at the same level, indicating a solid support. A high accompanying volume validates the signal and often triggers a significant price rise. Savvy traders measure the amplitude of the "W" to predict the potential upward trajectory. Understanding and acting on the basis of the Double Bottom can open the doors to calculated trading opportunities. It is the integration of technical analysis and risk management that will make you a savvy crypto trader, capable of capturing the wave before it takes off. Ready to turn analysis into action?
QLong
by ATheDay
#AUDJPY bullish possible continuation movePrice has correctively reached an important medium-term support zone , which is further reinforced by the presence of the 200EMA. Additionally, we observe that the price has taken out liquidity from the low and formed what appears to be a double bottom pattern. These indications suggest the possibility of a bullish continuation move, potentially driving the price back to previous highs and beyond. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Long
by mohemati
1
BNT/USDT UPDATE 10-04-2024BNT/USDT G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS": It was slow...very slow... with an endless retracements... but finally we'll be here, surviving strongest & smartest only! :) PS: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point. ( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & re-entering wait for the price retracement to ( 1 )- EP-SL area or for the next new set up ;) PS: Congratulations to all who "survived" all retracements back! ;) Also, Congratulations to all traders who are capable to "ride" trend! ;)
by G-money2022
Upward momentum of 10% -15% in IOC expected on BOSIOC has seen a consolidation on DTF (bullish pennant) after almost a consolidation of more than 60 days. Confirmation to be given on break of structure. The company has a upwards of 500% increase in EPS QoQ growth for the last 3 quarters and increase in institutional interest. Good for swing traders. Can expect an upward momentum of a min of 10-15%. Targets plotted on the chart. Entry - INR 175 SL - (DL) TSL - According to your risk profile. Disclaimer: Please be advised that the information provided is not intended as financial advice. It is imperative to conduct thorough research before making any investment or trading decisions.
NSE:IOCLong
by Rokdevildivine
BAJAJ FINSERVEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support..... Tradelikemee Academy Saanjayy K G
NSE:BAJAJFINSVLong
by Tradelikemee
3
JOE / USDT Update 05/04/2024Honestly, no idea, even smallest...or it was a premature end of short order or it is going to "HIT" TP.... Personally me? I did "cash in" already...chasing the "crumbs" could lead to the loosing all pack of the bread...Simply I do not like pointless gambling... or... it is simply lack of the patience... not so sure... G-Money's short version analysis based purely on technical analysis only, no nonsense or "BS": PS, general advice: ( 1 ) Remember: recommended re-enter area is between Stop Loss (ST) & Entry Point. ( 2 ) If price went half way between Entry Point & Take Profit (TP), be patient please & wait for price retracement to ( 1 )- EP-SL area or for the next new set up ;) Congratulaions to all traders with profits again! ;)
by G-money2022