Using Multi-Timeframe analysis for a major WinnerMulti-timeframe analysis is a key techniques for prepping a market prior to a trading session.
The first thing to do before trading is to understand the major moves and longer term price action. This enables us to get on the right side of a sessions move and avoid a lot of the chop.
We take a look at the DOW from the previous trading session and talk through the 30 min timeframe and why it was so important for the 500 pt rally into the close.
I talk through the key price action, the trap of shorts before the big move up and why we needed to be on the long side of the action.
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Multitimeframeanalysis
MPSLTD indicating Increase in Strength by Breaking Trend LineCompany has reduced debt.
Company is almost debt free.
Company has a good return on equity (ROE) track record: 3 Years ROE 26.0%.
Company has been maintaining a healthy dividend payout of 39.7%.
Company's working capital requirements have reduced from 34.3 days to 10.4 days.
Reported
Revenue 545.3 Cr
Reported
Revenue YoY +++ 8.83 %
EBITDA +++ 169.9 CR
EBITDA Margin +++ 31.15 %
EPS Growth YoY +++ 9.61%
Tremendous Growth Opportunities
• Maximize cross-sell and upsell with captive customer
base of 750+ customers.
• Scale central growth and marketing engine to acquire
new customers and expand geographic footprint.
• Consistent investment and deployment of new
capabilities across lines of business.
• Enter adjacent markets by re-configuring
products/services.
• Play the role of a Consolidator in a highly fragmented
market.
MPS is a B2B learning and platform solutions company powering education, and research for corporates. MPS has unlocked a new growth trajectory due to the combined effect of lower attention spans, rapid growth in digital consumption, and the recent advances in AI/ML.
GOLD (XAU/USD): what does the MTF view orchestrate?Initially, taking a look at the Monthly-timeframe development, it could be noted that the price is printing huge wick candles, which emphasises the inability to continue pushing in the upside destination. Identifying all crucial key zones and levels of decision, we may point out the importance of the 2.07 key region, the borders of which could be visited in the upcoming middle to long run if our game-plan plays out as desired.
Zooming into the Weekly-timeframe chart to locate probable entry areas, the right shoulder zone of the currently forming Head&Shoulders pattern could be held under the radar. If the price manages to bounce off the neckline highlighted on the graph and reach the right shoulder zone as orchestrated, we might look into taking short positions and aim for the 2.07 destination in the upcoming long run.
EUR/USD (euro-dollar): a multi-timeframe view (W & D)Initially, looking at the Weekly-timeframe chart on the left-hand side of the screen, it could be inferred that the price has been unable to break below the major key zone of 1.072 and, ever since, it has been impulsing in the upside destination. Judging by the ongoing build-up, the bullish wave does not show any signs of stoppage and is continuing to move in the upward direction after having broken out of the descending trend-line highlighted on the chart.
Zooming into the Daily timeframe, the zone-to-zone movement of the price could be clearly noticed. Thus, holding on to our bullish sentiment, we are executing long positions with the stop-out order below the ongoing build-up and the target level set at key level identified on the Weekly timeframe.
AUDUSD. Medium-term and short-term forecastHello traders and investors!
I'll share the forecast I made in mid-March.
On the weekly chart, there's a sideways movement, with a bullish vector 5-6 targeting 0.69205.
On the daily chart, we also see a sideways movement, with a bullish vector 7-8 targeting 0.66345, 0.66676.
I'm awaiting price interaction with the daily targets to update the forecast.
For a more detailed explanation of how to read charts and consider different timeframes when looking for trades, you can refer to the article
Intraday XAUUSD analysis, 27 May.1. 15M Swing turned bearish.
2. INT structure is bearish.
3. After swing BOS we expect a swing pullback.
So now INT structure could turn bullish to facilitate swing pullback.
4. We can follow the bearish OF and take shorts from this 4H and 15M supply area but it will be risky.
Wait for confluence.
$PENDLE, Breakout Alert! 🚨Chart Analysis
Take a look at the 2D chart for BINANCE:PENDLEUSDT , and you'll notice that it's been forming a beautiful Bullish Flag pattern 🏔️. This is an incredibly bullish sign, as it indicates that the market has been consolidating its gains after a significant uptrend 💥. The flagpole is the upward trendline that formed during the initial surge, while the flag itself represents the recent consolidation phase 🔀.
The significance of this chart pattern lies in the fact that breaks above the upper trendline (resistance) often lead to further price increases 🚀. As we approach the upper trendline, I believe it's highly likely that it will break out and continue its upward momentum 💥.
Technical Indicator Analysis
Some highlights from my screener:
Momentum:
- 15m to 6h: Indicators such as StochRSI, Stochastic, and Williams%R are showing bullish signals.
- 12h to 1w: These momentum indicators continue to show bullish trends, except RSI and Williams%R which show slight bearishness over longer timeframes.
Trend:
- 1h to 1d: Most trend indicators like Aroon, EMA, MACD, and Ichimoku Cloud show bullish signals. However, DPO shows mixed signals in some shorter timeframes.
- 1w: All trend indicators show bullish signals, affirming a positive long-term trend.
Volatility:
- 15m to 1d: High volatility is indicated by ATR and Bollinger Bands.
- 1w: Volatility decreases, indicating potential price stabilization in the near future.
Volume:
- Short-term: Volume indicators like OBV and VWAP show bearish signals in the short term.
- Long-term: These indicators turn bullish over longer timeframes, indicating volume accumulation in the long-term uptrend.
Positive Signals
- The Bullish Flag pattern suggests a potential strong price increase after breaking resistance.
- Long-term trend and momentum indicators are bullish.
Risks
- High short-term volatility might cause slight corrections before the uptrend resumes.
- Some short-term momentum indicators like RSI and Williams%R show neutral or bearish signals.
Predictions
- Short-term (1 week) : Price might experience slight corrections but the overall trend remains upward.
- Medium-term (1 month) : If the price breaks out of the Bullish Flag, a strong upward movement is expected.
- Long-term (3-6 months) : The long-term uptrend is likely to continue, supported by trend and volume indicators.
Conclusion
As always, it's essential to remember that trading involves risk 🚨. However, if my analysis is correct, I believe #pendle/usdt has tremendous upside potential 💥. Patience and careful risk management will be crucial in the coming days 👀.
Disclaimer
🔜 DYOR (Do Your Own Research) before making investment decisions! 🔓
#PENDLE #BullishFlag #BreakoutAlert
BTCUSDT. Trading opportunityOn the daily timeframe, the price is consolidating. The current buyer's vector 10-11 has not yet reached its targets. The price movement has stalled in the range of 70,400-72,000. The price is currently within the daily candle of May 20, 2024, which has the highest volume in the buyer's vector 10-11 (marked "tKC" on the chart). You can look for buying opportunities from this daily candle with the goal of reaching the vector 10-11 targets (72,800, 73,777). To find trading opportunities, let's examine the lower timeframes.
On the hourly timeframe, there is a buyer's trend. The last buyer's impulse started from 68,905. The price corrected to this level, but we haven't seen active buying. The candle with the highest volume in the correction is at the beginning of the correction (marked "tKC" on the chart). For comparison, let's look at the situation from May 17-19.
Similarly, on the hourly timeframe, there was a buyer's trend. The price corrected to the 50% level, we did not see active buying, but the candle that interacted with the 50% level had the highest volume in the correction (marked "tKC" on the chart). The buyer absorbed this candle, leading to a new buyer's impulse on the hourly timeframe.
Currently, on the hourly timeframe, we do not observe anything similar. Moreover, the buyer failed to overcome the 50% level of the last impulse (70,442).
Let's additionally look at the 200-minute timeframe. We see a consolidation; the price exited the upper boundary of the range (67,700). A correction occurred to the 50% level of the last impulse (68,919). The volume of the candle interacting with the 50% level is less than that of previous candles, indicating a lack of active buying (spread, volume). On this timeframe, buying opportunities can be sought either from the key candle ("KC" on the chart), although we have not yet seen a good resumption, or from the buyer defending the boundary of the range at 67,700.
Additionally, on the 30-minute timeframe, there are still no good patterns for buying.
It is advisable to look for buying opportunities:
After the seller's attack on the 68,900 level (observe the volume and result of the attack) and the buyer defending this level.
After the seller's attack on the 67,700 level (observe the volume and result of the attack) and the buyer defending this level.
Currently, there is no context for looking for selling opportunities.
TSLA - This is what we need to see before our massive reversalLiquidity is being beautifully built using our magenta tapered selling which is a bullish liquidity builder. This is forming a H&S which is allowing us to build enough liquidity and buyers to make a healthy and sustained reversal move.
I'm looking for this to happen in the same way it's happened before - Magenta & teal controlled selling.
This would be much easier if we didn't have that massive gap below so game plan is set and we now take advantage of knowing the roadmap!
Happy Trading :)
SAIL - The Steel that Sank the Titanic Vs Steel that Sails :) :)Its been 4 years since SAIL recovered from rock bottom price of 20. When late Big Bull Rakesh J took stakes in SAIL, it was trading somewhere around 90 and had reached a peak of 150+ and fell again to 65-70 levels
It took 2 years to complete the return journey back to 150+. Lets now compare the short- and long-term views and respective targets
Long Term View:
Quarterly Chart shows a Falling Parallel Channel Breakout + Retest & Strong Bounce
Long Term Targets are 235, 280
Short Term View:
On Daily chart, price has formed a Fresh Rounding Bottom BO above 170 for Target of 190
Summary:
Upcoming Targets - 190, 235, 280++
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
SAIL - 50-70% ROI Potential with an RR of 1:3 - MidTermPotential1) Stock is in uptrend in Monthly , weekly.
2) The trendline that connects highs of 2007,2010,2021,2024 are about to be broken on the upside - Price confirmation indicates the same.
3) Weekly Price shows Morning star reversal.
Note : This stock has not participated in the bull rally of 2023.
Entry - Anywhere between 122-135. I see aggressive entries can be planned at 135.
Targets - 151, 170, 190-200, 260
STOP LOSS - Would consider exit only if monthly closes below 108.
The Magical Flying Train - RVNLJust as I explained in my blog the following sectors are going to blast after the Elections given the Government's focus and investments
Railways
Defence
Space
Infrastructure
Green Energy
AI
And like the Indian Preamble says "For the People, By the People, Of the People" - the above sectors are
For - consumption by Indian people
By - Indian Companies
Of - Indian Technology
We are neither dependent on FIIs for their money nor any foreign nations for their Skillset / Manufacturing capabilities. True signs of Atmanirbhar Bharat which will go a long way in to the next Decade
Now, let's compare the Daily and Weekly Charts of RVNL
Daily Chart: Today - RVNL broke out of a Bullish Inverted Head and Shoulders pattern and it blasted more than 15% Intraday to even the Reach the Target 345 - same day
Weekly Chart: On Weekly - the price is seen to be Travelling within a Parallel Channel and repeatedly forming a Rounding Bottom structures.
With the completion of Inv H&S target on Daily, the price actually triggered a Fresh Rounding Bottom BO for weekly. If price settles above 345 by Friday (WCB) - then Target is 478
Additional Targets:
On Weekly, when the price formed a BO - Rest of Prior Rounding Bottom (144 - 345 - 200) - it had a perfect Fib 0.618 Golden Ratio Retracement which comes with their own Targets
Outstanding Targets:
Fib 1.0 Target - 405
Rounding Bottom Target - 478
Fib 1.618 Target - 520
RVNL has a long way to go - keep holding for bigger returns
Disclaimer:
Stocks-n-Trends is NOT registered with SEBI. We do not provide Buy / Sell recommendations - rather we provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes. We strongly suggest our followers to "Learn to Ride the Tide" and consult your Financial Advisors before taking any positions.
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
Vedanta's Panja-Boodha ShaktiVedanta is in limelight for 2 major reasons.
1. Upcoming Vertical Demerger of Vedanta into 5 different stocks (The Panja-Boodhas) - Apart from the technical breakout levels, the demerger is going to lead to a humungous gain to the shareholders when each of the stock is going to rise to higher levels individually
2. The 16 year Long Box Pattern Consolidation and Breakout
A picture is worth 1000 words...
Vedanta ATH 495 created in 2008 me. 16 years ka vanvaas se bahar aane ja time hai abhi.
Long Term View:
Quarterly Chart - The Box Pattern has a Depth of 435 Points which will become the Long Term Target after Breakout above 495 - the previous ATH level. Yes it will struggle a tiny bit when it tests 495 but that's not consolidation
Long Term Target: 930
Short-Medium Term View:
Monthly Chart - Price has recently Broken out of a Rounding Bottom Pattern above 440 for target of 690
The Big Rise from 2020 and subsequent retracement made in 2022 is at Fib 0.618 level - The Golden Ratio which is a strong sign of powerful bullish rally
Short Term Target: 585 (Fib 1.0 Level), 690 (Fib 1.272 + Rounding Bottom Target)
Medium Term Target: 825 (Fib 1.618)
Reading Books is good, but kabhi kabhi theory chodke kuch picture bhi dekho. Books ka Black and White Print me Hariyali nahi dhikhayi deta. Samaj liya ? 😍
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
The Thundering Bullet Train - Titagarh Rail SystemsRailways stocks are back on fire once again...
Here is a Glimpse on one promising stock that has good upside left
Titagarh Rail Systems - Comparison of Daily and Weekly Chart Patterns
1. Daily Timeframe: Inverted Head and Shoulder pattern - Target 1250 already reached
2. Weekly Timeframe: While the Inv H&S pattern reached its defined target, the price has formed a Fresh Rounding Bottom BO on Weekly (BO done above 1250)
Targets:
1475, 1640 (as part of older patterns)
1715 - Target set for the Rounding Bottom BO on Weekly
Disclaimer:
3+ Years Teaching Experience in Stock Market - Technical Analysis, Behaviour Analysis, Advanced Patterns, Emotional Management, News based Trading...
We are NOT SEBI Registered and Our focus is NOT providing Buy/Sell Recommendations/calls. Primary Objective is to provide detailed analysis of how to review a chart, explain multi-timeframe views purely for Educational Purposes.
We strongly suggest our followers to "Learn to Ride the Tide irrespective of its Side"
*** Important *** Consult your Financial Advisors before taking any positions
If you like our detailed analysis, please do rate us with your Likes, Boost and share your comments
-Team Stocks-n-Trends
💡GU Multitimeframe 💡Starting to see some bearish confluences on GU
☝️Do not act based on my analysis, do your own research!!
The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌
☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
Wave structure Multi timeframe analysis - CAD/JPY & GBP/USDCAD/JPY
The outlook of the CADJPY is very bearish, based on the Multi-timeframe waves structure count we should be expecting more downside in the pair. The bearish wave structure (4) on the H4 timeframe is not complete yet, we have seen a bearish 0, 1, 2, and 3 wave structures on the M15 timeframe. Having seen the 3 waves, we now have a more than 70% probability that the trend will complete the cycle which means we will see the momentum low 5.
GBP/USD
We have seen two trend-changing patterns in the GBP/USD. On Friday we have also seen a strong rejection from the high and this move down has created a potential 3rd structural failure, this means the current secondary trend is about to change to the downside.
Our short will be valid when the price trades below 1.2538; this will be a final confirmation of the trend change
#MANGLMCEMPositive factors
Improving scale of operation leading to increase in total operating income (to greater than ₹2,000 crore) and profitability
(profit before interest, lease rentals, depreciation and tax (PBILDT) margin greater than 18%) on a sustained basis
Improving capital structure (overall gearing less than 0.5x) and debt protection metrics (PBILDT interest coverage greater
than 5.0x) on a sustained basis
Negative factors
Lower-than-envisaged profitability leading to decline in PBILDT interest coverage going below 2.00x on sustained basis
Large-scale debt-funded capital expenditure (capex) leading to deteriorating capital structure
1 Week Later and Oil is down 3.66%1 Week after the beggining of conflict between Israel and Iran in the middle east, Crude Oil is down 3.66%. Price began trending down all week and then on Thursday there was news of a bombing by Israel which caused a spike in Oil(3.5). This whole move was corrected and we are back to being down on the week. This opposes what I believed may play out this week as my thoughts were 1. Oil is a precious commodity and needed in War 2. The trend thus far this year is Bullish (we are up 13.82%) The market is instead going down and retraced this week. We are currently sitting on the Daily support level 81.23. Price action looks bearish on the Daily as we have a large top wick on the current candle.. moving into the next few weeks we will have a bearish weekly candle behind us that may aid in a descent towards the next Daily level 80.65 and beyond to the next weekly level 77.82. Also, this is in line with current risk-off market sentiment as Oil (Risk-on) is a commodity after all
Daily timeframe : The Daily timeframe retested Daily resistance (85.65) and we rejected.
#Just Dial #JUSTDIAL
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The company has ~12000 employees in telesales, marketing, feet-on-street activities deployed across 250+ cities covering 11,000+ pincodes in India. It derives 70% of its revenues from top 11 cities including Mumbai, Ahmedabad, Hyderabad, Kolkata, Bengaluru, Chennai, Delhi, etc. Its technology and R&D division is located in Bengaluru
Business Model
Paid advertisers pay a fixed fee to run search led advertising campaigns for their businesses
on Justdial’s platforms. Various premium & non-premium listing packages available which determine placements in search results. Add-on products such as banners, own website, JD Pay, JD Ratings, etc.
#HINDUSTAN ZINC #HINDZINC"Record annual silver & metal production with strong cost resilience amidst lower zinc prices;
PAT at INR 7,759 Crore."
Key Highlights :
Hindustan Zinc is now the 3'd largest silver producer globally, with highest silver annual
production, up 5% y-o-y
Holds 2nd largest zinc reserves and resources globally
Industry leading production growth rate with best-ever annual metal production
Highest-ever quarterly refined metal production for 04 FY24, up 6% sequentially
1st decile of the global zinc mines cost curve; lowest annual COP in last 3 years at US$
1,117/MT
Quarterly Revenue up by 3% and EBITDA up by 2%
Ranked first globally in S&P Sustainability Assessment in Metals and Mining sector