NaranjCapital

NaranjCapital

● Silver continues to exhibit a robust uptrend, having recently touched an all-time high of 34.9 before retracing to its key support zone around 29.8. ● Following a successful bounce off this level, the metal is now regaining momentum, positioning itself for further gains. ● Notably, the immediate resistance level – aligned with the 50% Fibonacci retracement, just...

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◉ Abstract The US Dollar Index (DXY) and gold prices have a historically inverse correlation, with a stronger dollar typically reducing gold demand. Key drivers of this relationship include inflation, geopolitical tensions, and interest rates. With a 73-95% negative correlation observed over time, investors should note the current market outlook: the DXY is...

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Albemarle Corporation NYSE:ALB ● On the monthly chart, the stock is bouncing back from a long-standing trendline support that has held firm over the years. ● The daily chart reveals the emergence of an Inverted Head & Shoulders pattern following a significant decline. ● With a recent breakout, the stock appears poised for a potential trend reversal. ●...

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Short Term Trading Advice by Naranj Capital Buy Amneal Pharmaceuticals ● Buy Range- 8.5 - 8.75 ● Target- 9.1 - 9.25 ● StopLoss- 8.25 ● Potential Return- 5-6% ● Duration- 10-12 Trading Days

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◉ Abstract The US coconut water market, projected to grow at 18.10% CAGR to $5.12 billion by 2029 from $1.89 billion in 2023, presents significant opportunities. Vita Coco, the market leader, demonstrates resilience amidst supply chain challenges. Notably, industry giants Coca-Cola and PepsiCo, which previously ventured into this space with ZICO and O.N.E.,...

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S&P 500 ● The index retreated from its all-time high of 5,880, initiating a downward trend. ● A breakdown below the Rising Wedge pattern has been confirmed. ● Key support levels to watch: ➖ Immediate support: 5,670 ➖ Strong support: 5,400 Nasdaq Composite ● The index has hit an all-time high near the 18,750 level before beginning to retreat. ● After breaking...

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Short Term Trading Advice by Naranj Capital Buy Universal Display Corporation ● Buy Range- 205 - 210 ● Target- 220 - 223 ● StopLoss- 200 ● Potential Return- 5-6% ● Duration- 12-14 Trading Days

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1. Tesla (Weekly Timeframe) NASDAQ:TSLA ● A symmetrical triangle pattern is clearly visible on the weekly chart. ● Following a recent breakout with strong volume, the price is likely to rise significantly. 2. Lam Research Corporation (Weekly Timeframe) NASDAQ:LRCX ● After breaking out of the cup and handle pattern, the price surged to an all-time...

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● After breaking out from the Rounding Bottom formation, the price soared to an impressive peak of $34.87. ● Subsequently, a consolidation phase unfolded, leading to the development of the Head & Shoulder pattern. ● We expect a swift drop once the neckline is breached, potentially retracing the price back to its earlier breakout point. Key levels to watch ●...

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The price previously formed a Falling Wedge Pattern, and after breaking out, it entered a phase of consolidation. This led to the emergence of a Symmetrical Triangle pattern on the chart, and with a recent breakout, silver is now trending upward. Key level to watch First target - $32.2 Second target - $33.0 It is recommended to set a strict stop-loss just...

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In December 2021, the stock price hit an all-time high near the 142 mark, after which it experienced a significant drop. Following this decline, the price found support around the 90 level and began to recover. Last week, the stock managed to break through the upper boundary of the descending parallel channel, setting the stage for additional upward momentum. ...

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◉ Abstract The global credit card market is projected to grow from USD 559.18 billion in 2023 to USD 1,146.62 billion by 2033, driven by advancements in digital payment technologies, e-commerce growth, increased financial literacy, and urbanization, especially in Asia-Pacific. Visa leads the market with a 38.73% share, followed by Mastercard and American...

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After reaching an all-time high of 2685, the price has experienced a decline. Currently, the price is moving within an ascending parallel channel. Key Levels to Watch: $2680 - This level is currently serving as an immediate resistance. A new rally is expected following a successful breach of this threshold. $2530 - Previously a resistance level, this now...

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Short Term Trading Advice by Naranj Capital Buy Corpay ● Buy Range- 326 - 332 ● Target- 345 - 348 ● StopLoss- 315 ● Potential Return- 4-5% ● Duration- 14-15 Trading Days

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Short Term Trading Advice by Naranj Capital Buy AdaptHealth Corporation ● Buy Range- 10 - 10.5 ● Target- 11.3 - 11.5 ● StopLoss- 9.5 ● Potential Return- 8-10% ● Duration- 15-18 Trading Days

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Weekly Chart ● The stock has tested the trendline resistance multiple times. ● Currently, it is trading just below this level. ● A breakout above this resistance is anticipated in the near future. ● Following the breakout, the price may increase. Daily Chart ● A Symmetrical Triangle pattern has formed. ● A strong breakout has taken place, supported by...

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● The S&P Pharmaceutical sector has great potential for growth. ● The weekly chart shows that after breaking out of the Symmetrical Triangle Pattern, the ETF had a short period of consolidation and is now ready for a rise. ● The daily chart also indicates a Cup & Handle Pattern, with the price trending upward post-breakout. As the industry revives, certain stocks...

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The US markets are currently demonstrating a bullish sentiment, despite concerns surrounding the upcoming election. All major indices, including the S&P 500, NYSE Composite, and Nasdaq Composite, have formed a bullish Cup & Handle chart pattern and have subsequently broken to follow an upward trend. While the S&P 500 and NYSE Composite have reached new all-time...