Reasons for bullish bias:
- Price bounced from support
- Bullish divergence
- Strong bullish candles
Entry Level(CMP): 20.02
Stop Loss Level: 18.56
Take Profit Level 1: 21.48
Take Profit Level 2: Open
Reasons for bullish bias:
- Entry is at breakout of HH
- DOW theory, SL at last HL
- Divergence is there, but entry is at breakout so let's see
Entry Level(Buy stop): 158.62
Stop Loss Level: 134.44
Reasons for bullish bias:
- Price moving in strong bull trend, if the price crosses 165.72 level, it will further confirm our analysis
- basic DOW theory, safe play with trend
Entry Level(buy stop) :165.72
Stop Loss Level: 141.43
Take Profit Level 1: 190.01
(1) We have witnessed a sharp fall from 29,500 level in Feb’20. This was almost 38% fall from the top. Market had gone in a oversold zone.
(2) Around 18,300 level, price found a support and bounced back from this level.
(3) With an upside rally, price managed to breakout its previous resistance.
(4) After the breakout, we have seen a sharp upside rally further...
(1) In hourly time frame, we can observe that the price was moving through a parallel channel in upward direction.
(2) From upside, 18,400 level is performing as a strong resistance and the price couldn’t sustain above this level.
(3) 17,800 level is an immediate support for the price as the price has taken support in here for multiple times.
(4) Recently with...
Reasons for bullish bias:
- Safe entry at breakout for confirmation
- Price bounced from strong support
- SL below support
Entry Level(Buy Stop): 155.04
Stop Loss Level: 139.16
Take Profit Level 1: 170.92
Reasons for bullish bias:
- HH breakout
- Price has bounced from strong support
- Strong bullish divergence
Entry Level(CMP): 26.52
Stop Loss Level: 23.66
Take Profit Level 1: 28.08
Take Profit Level 2: Open
🔍 Analysis:
Strategic Focus: Carrier Global Corporation (CARR) is concentrating on its core operations by divesting its Commercial Refrigeration and Fire & Security businesses after acquiring Viessmann. This move aims to expand its presence in food retail refrigeration.
Asset Optimization: Carrier sold its Industrial Fire division to Sentinel Capital Partners for...
NTST broke the descending trend line/2D SMMA that was holding the price since August 2021, and retested it forming a daily bullish engulfing.
I will become even more bullish if the NTST price confirms above $19.
That setup could give good gains in the medium term.
Reasons for bullish bias:
- Entry at HH breakout
- Basic DOW
Here are the recommended trading levels:
Entry Level(CMP): 61.18
Stop Loss Level: 59.54
Take Profit Level 1: 62.82
Take Profit Level 2: Open
To me this looks like its about to rip. If it gets above $13 you're looking at a move straight to $52 no pullback and then maybe $120 after that. We can reassess at that time. It looks like a nice V shape recovery and could be putting in a right shoulder on the inverse head and shoulders. Or a cup and handle whichever you want but the measured move would be...
Luxury furniture retailer RH (NYSE: NYSE:RH ) faced headwinds in its Q4 CY2023 earnings report, missing analyst estimates with a 4.4% year-on-year decline in revenue to $738.3 million. Despite this setback, the company remains optimistic about its growth trajectory, projecting a 9.0% year-on-year revenue increase for the full year, exceeding market...
Uber (UBER): NYSE:UBER
We've recently added Uber to our portfolio, noting its astonishing 400% rise from the COVID-19 low of $13.71. This surge is significant, and we anticipate that in the current wave 3 we're experiencing, the price could reach between $101 and $201. The precise target seems to lean towards the $101 mark, aligning with the 161.8% extension...
Reasons for bullish bias:
- Basic DOW theory
- Entry at HH breakout
- Bullish divergence
- Earnings post market today
Entry Level(Buy Stop): 16.16
Stop Loss Level: 12.81
Take Profit Level 1: 19.51
Take Profit Level 2: 22.86
Take Profit Level 3: Open
Amazon just confirmed a bullish breakout on the identified minor resistance level created with the consolidation zone. Expecting a move back up towards the previous high created.
