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REXNORD : Target 200 % in 6 months Hello Traders! I hope you are doing well. In this chart as you can see price bounces each time it comes down to 50 ma band and gains momentum to give a good rally. This time again it seems that price is trying to bounce from the same moving average. So higher probability is that it'll give another rally for a huge target in a short period of time that is 3 to 6 months. Price shows trendline breakout. Risk is little and reward is huge in this trade, i.e. 1 : 8. Target is more than 200 % as per my POM Advance Trading System Entry can be taken at current market price. Rest the chart explains everything. 👉This analysis is for educational purpose only.
BSE:REXNORDLong
by Cruoso4u
Market Day Ahead (29th March) - Our views on FINNIFTYAssuming Nifty Financial Services (FINNIFTY) opens between 17700 and 17600 Long Position If there is a closing above 17710. We will be initiating a long position for targets of 17770 and trail for target of 17880 Short Position If there is a closing below 17600. We will be initiating a short position for targets of 17552 and trail for target of 17432 These are our views on FINNIFTY and expectations on respective movement. We are not SEBI registered analysts and views are for learning purposes only. Please consult your financial advisor before taking any trades
NSE:CNXFINANCE
by TeddyBear8884
SasanSeifi 💁‍♂️ AMD/ 1D LONGTERM ⏭ $89/$97 ? ❗❗HI TRADERS ✌The possible scenario of AMD is specified. As you can see, after breaking the long-term downward trend, the trend started to grow up to the range of 89 and then with a slight correction, it was able to grow again from the range of $76. It is currently trading in the range of $83.24 and is above the 60 EMA. We can expect the price to grow to the range of $89. We have to see how the price will react to the $89 resistance range. If it stabilizes above the range of $89, the next target is the range of $97. Keep in mind that it is important to maintain the $75 support Zone for the continuation of the uptrend let's see... ❎ (DYOR)...⚠⚜ WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌ IF you like my analysis please LIKE and comment 🙏✌
NASDAQ:AMDLong
by SasanSeifi
Stock Market March 23' ⚔️ Long Vs. Short Well , just as any other chart, we must keep things simple. Price has made a new Low after Ranging for 120 days/4 Months. There is Liquidity Built up in the market. If we maintain bearish momentum then we will see 31,198 very soon. Price is testing 32,082 at the moment. We may return to the low from OCT 22' due to clean traffic on the weekly timeframe and plenty of fundamental reasons to be concerned about. 32,082 must hold for bulls or we are falling off a cliff here.
UShort
by ShrewdCatfx
ADANI/INR ( Still Big Dump Expecting as per Technical AnalysisTechnical Analysis of ADANIENT/INR: ADANIENT is currently trading at ₹1615, which has seen almost a 20% rise within 2 days after a significant fall of 75% within 3 months. Many retailers attribute this fall to the Hindenburg Report, but I believe that the retailers may be wrong. The decline began in December 2022, and a strong reversal pattern formed at the top. Therefore, smart players had already exited by the end of December and January. The Hindenburg Report came on 24th January, by which time ADANIENT had already given a strong reversal pattern. Therefore, I believe that this news might have been pre-planned. It is essential to be smart and trade smartly in such situations. As per the chart, the downtrend of ADANIENT is still ongoing, but I believe that it may test the ₹2364 level again, which is around a 50% rise from the current price. However, after retesting resistance, another dump is expected. The major support level is ₹1360, and if any HTF candle closes below it, then another significant drop is expected. If the support level of ₹1360 is broken, then we may see ADANIENT at the ₹500-₹700 level. The Fib retracement support is also around those points. 0.5 FIB = ₹704, 0.618 FIB = 460. Long-term support TrendLine is also near the FIB Retracement levels. It is essential to note that this process takes time, unlike Crypto, and it may take around 2-3 years in my opinion. If ADANIENT breaks the price level of ₹3011, then the bearish sentiment will end. My Key Levels: Support: ₹1360/$704 Resistance: ₹2364 Please support me by Liking, Sharing, and appreciating my analysis and content. Follow me for the latest real-time updates. Thank you.
NSE:ADANIENTShort
by CryptoPatel
5
The Bubble Obituary The Fundamentals - Many investor favorites in the late 1960s & early 1970s were companies such as IBM, Xerox, and Disney which enjoyed PEs of over 35 in the nifty fifty bubble. In this latest stock market bubble, there were dozens of mid & large cap companies trading at over 10x revenues. Many unprofitable businesses even garnered over 6x Price/Sales ratios at the peak in 2021! The US stock market is extremely overvalued relative to historical valuation averages. Conservative earnings expectations for 2023 would place earnings dropping 10%-20% this year, in-line with mild recessions. The problem with mild forecasts is that the current recession gives no indication that it will be mild. GAAP Earnings for Q4 2022, excluding energy, are down over 8% YoY with companies issuing even gloomier forecasts for 2023. Earnings are likely to fall at least 33% from peak to trough using an average of the last 4 US recessions. - The subprime auto bubble is popping, with dealerships and lenders heavily exposed to subprime loans beginning to default. American Car Center, a subprime lender and auto dealer, recently closed its doors, highlighting the mounting pressures the industry faces. More defaults and business closures should be expected as interest rates stay high, vehicles fall in price, and car loan deliquinces rise. Subprime auto loan delinquencies are extremely high relative to their historical average even before unemployment has began rising precipitously. - Layoffs have spread to every sector of the economy, as evidenced by 2022 Q4 conference calls. The decrease in consumer spending globally is leading to lower exports and imports globally. High interest rates are decreasing business activity and profit margins are falling due to inflation & weakening productivity. The business cycle has turned and every sector of the economy is entering cost-cutting mode. These are all reasons for layoffs continuing in increasing volumes throughout 2023. - The US housing bubble is imploding. Sales volumes have declined over 35% from the peak. Mortgage purchase applications are the lowest they’ve been in over 25 years. Using data going back to 1952 from the University of Michigan, consumer sentiment surveys indicate that this is one of the worst times ever to buy a home. Home price declines are occurring nationwide. High office vacancy rates & high interest rates are leading to large bankruptcies in the commercial property market as well. This is already very acute in the mall segment of the commercial property sector. - The FED has been raising interest rates within an economic contraction which has historically always magnified economic downturns. The FED typically tries to raise interest rates in the early - middle stages of economic expansion, pause their hikes as the economic cycle matures, and begin cutting rates when the economy begins declining. In this latest hiking cycle, the FED waited until the economy began contracting before quantitative tightening and interest rate hikes even began! - America has one of the highest Private & Public Debt to GDP ratios in US History. The only other similar levels of debt in American History in the past hundred years were in the late 1920s & late 2000s. The economic contractions that followed were especially severe because of the high levels of malinvestment and debt which were deleveraged in those contractions. The level of malinvestment engendered by the FED’s suppression of interest rates in the 2009-2022 business cycle created one of the largest credit bubbles in history. Over 22% of the Russell 2000 are unprofitable and over 20% of the S&P500 are zombie companies. Many of the IPOs since 2017 (and especially since 2020) were/are unprofitable and are beginning to run into funding issues. This economic contraction is likely to eventually be classified as depression due to the continued declines in business activity and living standards for years. The Technicals & Correlations - Healthcare, Industrials, Consumer Staples, and Utilities have all underperformed since December 2022. Inflows and buying from large money seems to have mostly dried up and retail investor inflows, short covering, and call buying are making up a much larger portion of the market than is typical. This led to a bounce back rally in Financials, Technology, Real Estate, and consumer discretionary stocks which also began topping out in late January. In late February 2023, all sectors of the market have topped out, show falling underlying momentum, and are trading at very weak volumes. This is a similar pattern that played out prior to the march 2020 crash, where many Industrials, Staples, Healthcare, and Utility stocks peaked out prior to January 18th, 2020; whereas many overvalued & unprofitable stocks didn’t peak until February 21, 2020. - Stock markets globally have peaked and are in the process of finishing their topping formations. Topping patterns began showing up as early as November / December 2022. Downside momentum is picking up now that interest rates globally are also beginning to breakout. The positive correlation between bonds and stocks has continued to remain strong since late 2021. - Commodities peaked in the first half of 2022 as price inflation continued rising and economic activity was still high. Commodities enjoyed a large bounce in Fall 2022 as financial conditions eased due to the bear market rally in stock & bond prices. Commodities have been exceptionally weak thus far in 2023, which is another negative signal for stock markets & business activity globally. - The bankruptcies of FTX & the Genesis lending desk, as well as increasing regulatory oversight, have continued to pressure crypto. With interest rates moving higher and the economy falling further, the speculative bubble that is crypto will collapse, likely back to being under 100B market cap for the total market with many altcoins going to zero and bitcoin dropping below 10K. Crypto has been a leading indicator for the market ever since their correlation began tightening in late 2020. The confirmed false breakouts and breakdowns all over the crypto sector are a negative forward signal for the stock market. - Total margin debt outstanding is still at an extremely elevated level. In real terms, margin debts outstanding are at comparable levels prior to the October 2008 crash & March 2020 crash. Insider selling is at the highest point that it has been in the entire bear market. The US dollar index’s negative correlation to the stock market was strong in 2021 but it became very pronounced in 2022. The US dollar’s rise against almost every other currency around the world since February 2nd is yet another negative leading signal to stocks. -Alexander Lambert I study over 30 countries’ markets and economic data releases. I also track the daily movements of over 750 companies and 15 different sector indexes. I have spent a tremendous amount of time on historical & economic research, as well as technical and fundamental analysis. I have been doing this for over 3 years and I generally spend between 65-80 hours a week on my work. Thank you for reading!
SP:SPXShort
by Alexander_C_Lambert
32
Remgro heading straight to R165.55 thanks to this triangleAscending Triangle is forming nicely on Remgro. We see the 7 and 21 MA above 200. But more importantly, Price >200 - Bullish RSI>50 - Bullish Target R165.55 ABOUT THE COMPANY Remgro was founded in 1990 (Stellenbosch, South Africa) by Johann Rupert, a South African entrepreneur and businessman. The company was established as an investment holding company with a focus on building a diversified portfolio of long-term investments. Today, Remgro holds investments in a wide range of industries, including healthcare, financial services, mining, and telecommunications. The company's portfolio includes holdings in some of South Africa's largest and most well-known companies, such as MediClinic, FirstRand, and RMB Holdings. The company's name is an abbreviation of "REsource Management GRoup." Remgro holds investments in a wide range of industries, including healthcare, financial services, mining, and telecommunications. The company has a market capitalization of over R100 billion as of February 2023.
JSE:REMLong
by Timonrosso
DJI - Be Ready My FriendsHi, this is my new update for DJI. As you see in the first picture, we are exactly in the same place we should be for a big crash. It is difficult to estimate a date, but I expect we are going to see 80% downside on DJI in the near future. Right now we are on a beautiful uptrend channel pattern and it has acted as resistance level multiple times and the middle line has acted like support level multiple times. At the same time we have An RSI divergence in monthly chart and that indicates we are ready for bearish signals.
TVC:DJIShort
by GOAT1375
3
Market now looking to go BearishWith the massive selloff in the market today and the great setup on the VIX it is looking like this little bull run could now be over. In my 2 chart pics I have the daily charts of the SPY and the VXX. This looks very obvious that the VXX is ready to spike which will send the market lower. It is always important when determining where the market is going, to look at the vix. If the vxx is bearish the market is likely bullish, if the vxx is bullish the market will likely be bearish. It will mostly be opposite. So right now the VXX is setting up very bullish for Friday. I will be mostly looking for bearish setups to trade on Friday for the top stocks and indicess Now it is also important to view the futures over night because they could easily turn around a rally setting up for a gap up in the SPY the next day.
CBOE:VXX
by Dancharles