As it was highly requested we are publishing a signal for XAUUSD. We took adaptive buys due to negative CB Consumer Confidence data was lower than forecast and lower than previous, and due to it’s negative affect on TVC:DXY we are in buys. PARAMETERS - Entry: 2755 - SL: 2746.531 - TP: 2772.300 KEY NOTES - XAUUSD should see more upside due to negative news for the US dollar. - XAUUSD is still overall bullish Happy trading! FxPocket
TSLA has been subject to some extreme volatility recently with shareholders hoping for good news and optimism as Elon Musk partners with Donald Trump. At the moment, I understand that Tesla earnings can be a potential positive catalyst for the stock if good news is reported, however shareholders may be in for a larger surprise as the price action may be suggesting a potential ABC or larger WXY corrective structure is currently at play. For this structure, I would like to see the overall 1-1 extension of the trend based fibonacci. To me, it looks as though this structure is made up of many smaller corrective patterns, which are creating a very choppy and volatile environment. While many stocks have retraced to their "Trump pump" gap levels, Tesla is still quite a ways away, being potentially overvalued. I will personally be looking for the 0.618 retracement on Tesla just above $440-$450 for a short trade back down to the low of $330 where the latest fomo rally began up to nearly $500. From there, I would be very much open to taking a long trade or a longer term investment on Tesla. Only time will tell!
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ICICI Bank has seen a notable increase of approximately 2.5% following a robust quarterly performance that exceeded market expectations. The bank reported a significant net profit uptick of 15%, amounting to ₹11,792.4 crore, reflecting its strategic initiatives' effectiveness. Additionally, its net interest income (NII) soared to ₹20,370 crore, driven by a healthy growth in lending and a favorable interest rate environment. In a complementary move, the Reserve Bank of India (RBI) has unveiled a measure to infuse ₹1.5 lakh crore in liquidity into the financial system. This action is aimed at enhancing the overall liquidity conditions in the market and supporting economic activity. Technically, the stock has successfully broken free from a downtrend that has been in place since December. It is now approaching a critical resistance level, which could be a pivotal point for future price movements. Should the stock manage to break through this resistance and sustain that position for a day or two, it could signal a strong buying opportunity for investors looking to capitalize on potential upside momentum. Hence, investors may want to consider initiating a long position or executing a purchase if these conditions are met.
BAJAJ FINANCE LTD is demonstrating robust bullish momentum with potential breakout opportunities. Traders and investors should consider key indicators and trend direction to inform their trading strategies. Current Stock Price: ₹7,606.60 Key Levels: • Swing High: ₹7,824 • Swing Low: ₹6,451 Trend Direction: UPTREND Indicators in Focus Bullish Momentum and Possible Breakout: The stock is currently exhibiting strong bullish momentum, indicating positive market sentiment. This is further supported by a possible breakout scenario, suggesting that the stock might surpass significant resistance levels and experience substantial upward price movement. Swing Trade and Buy Today, Sell Tomorrow (BTST): Swing trading aims to capture gains from short-term price swings. This strategy is suitable for traders looking to capitalize on brief market movements. The BTST approach involves buying the stock today with the intention of selling it the next day for a profit, especially in a bullish market scenario. RSI Breakout: The Relative Strength Index (RSI) levels indicate momentum shifts. Current levels show that the stock is in a healthy trading range without extreme overbought or oversold conditions. Technical Indicators Analysis Daily (D), Weekly (W), Monthly (M): • Stochastic: High Stochastic values on the daily and weekly timeframes suggest that the stock is trading near its highest point in the trading range, indicating strong upward momentum and a bullish trend. On a monthly scale, the Stochastic value shows potential for a new upward swing, indicating room for further price appreciation. • CCI (Commodity Channel Index): High CCI values indicate that the stock's price is significantly higher than its average price, suggesting strong buying pressure and market interest. On a monthly scale, the mixed CCI values indicate a combination of bullish momentum and potential consolidation, hinting at a balanced market sentiment. • MACD (Moving Average Convergence Divergence): On the daily and weekly timeframes, a "Bull" indication aligns with the current uptrend, suggesting continued positive momentum. This reinforces the bullish sentiment and encourages investors to hold or buy the stock. However, mixed signals (Bull, Bear) on a monthly scale indicate potential long-term volatility, prompting investors to be cautious and consider risk management strategies. Swing Points: • Swing High: ₹7,824 • Possible Next Swing Point: ₹8,451 Volume Analysis Volume Data: • Current Volume: 2.48M • SMA Volume: 1.12M Current Volume vs. SMA Volume: When the current volume of 2.48M is compared to the SMA volume of 1.12M, we see that the current trading activity is significantly higher than the average. This indicates a surge in trading interest and strong investor participation. Impact on BAJAJ FINANCE LTD: 1. Increased Trading Activity: The high current volume suggests robust buying interest, potentially driving the stock price higher. 2. Confirmation of Bullish Momentum: The increased volume, along with bullish technical indicators, confirms the uptrend and signals further price appreciation. 3. Potential for Breakout: The significantly higher volume may lead to a breakout, with the stock breaking through key resistance levels and achieving substantial gains. Conclusion and Strategy Short-term (Swing Trade/BTST): With strong bullish momentum and potential breakout, the short-term strategy could focus on buying the stock at the current levels and targeting the next possible resistance levels (Swing High: ₹7,824 and ₹8,451). Long-term: Given the bullish sentiment in daily and weekly indicators, investors might consider holding the stock for longer periods, monitoring the monthly MACD and CCI for trend shifts. Risk Management: Use stop-loss orders to manage risk, particularly if the stock price nears key support levels or if bearish signals emerge in short-term indicators. Caution : Please note that the company’s financial results are due to be announced tomorrow, 29 January 2025. This can lead to increased volatility in the stock price. Traders should exercise caution and consider the potential impact of the results on their trading strategies.
TradeStation Securities, Inc. has become the first U.S. broker to offer options trading on charting and trading platform TradingView to allow new and existing clients of TradeStation to trade options directly within TradingView’s interface.
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President Donald Trump told reporters that Microsoft is in talks to acquire TikTok’s U.S. operations, Bloomberg reports. Although Trump didn’t elaborate, he stated that “there’s great interest in TikTok” and that there will be “a lot of people bidding on it.” Microsoft and Oracle were in the running to acquire the ByteDance-owned app back in […] © 2024 TechCrunch. All rights reserved. For personal use only.
Elon Musk-owned social network X announced a partnership with Visa to handle person-to-person payments for its upcoming X Money product. The company will use Visa Direct, which is Visa’s solution for real-time money transfers, to load money into X Money’s wallet, connect to a debit card for paying other users, and transfer money back to […] © 2024 TechCrunch. All rights reserved. For personal use only.
Last year, hundreds of vintage prototype, test, and presentation Pokémon cards believed to date back to the creation of the game in the 1990s sold for auction to various collectors for hundreds of thousands of dollars collectively. Now, one of those collectors has investigated the prototype cards they bought more…Read more...