NaranjCapital

NaranjCapital

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...

NaranjCapital

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...

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The chart distinctly illustrates that the stock has been in a consolidation phase for over a year and is presently trading slightly below its resistance zone. For a potential upward movement, the price must surpass the 123 level and maintain its position above this threshold. At the same time, there is a significant likelihood that the stock price may encounter...

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WTI oil has moved beyond its previous support level of $72 to $73, established a new base at approximately $65.6. Subsequently, the price has entered a consolidation phase and formed a Double Bottom pattern, indicating a possible reversal in trend. To initiate a swift upward movement, the price must overcome the immediate resistance located between $72.6 and $73.4.

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Short Term Trading Advice by Naranj Capital Buy Northrop Grumman Corporation ● Buy Range- 503 - 508 ● Target- 527 - 532 ● StopLoss- 495 ● Potential Return- 5-6% ● Duration- 12-14 Trading Days

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Short Term Trading Advice by Naranj Capital Buy Philip Morris International ● Buy Range- 116 - 117 ● Target- 122 - 123 ● StopLoss- 114 ● Potential Return- 4-5% ● Duration- 12-14 Trading Days

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Short Term Trading Advice by Naranj Capital Buy Cintas Corporation ● Buy Range- 807 - 815 ● Target- 845 - 850 ● StopLoss- 790 ● Potential Return- 4-5% ● Duration- 14-15 Trading Days

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Short Term Trading Advice by Naranj Capital Buy Sherwin-Williams ● Buy Range- 366 - 371 ● Target- 385 - 390 ● StopLoss- 360 ● Potential Return- 5-6% ● Duration- 14-15 Trading Days

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The chart shows that the stock price encountered resistance near the $65 level, subsequently dropping to $52, where it found support. After rebounding from this support, the price began to rise, successfully breaking through the Inverted Head & Shoulders pattern that had formed during the consolidation phase. Following this breakout, the price entered another...

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Short Term Trading Advice by Naranj Capital Buy Netflix ● Buy Range- 710 - 720 ● Target- 745 - 750 ● StopLoss- 690 ● Potential Return- 3-4% ● Duration- 10-12 Trading Days

NaranjCapital

The stock price has been on a wild ride this year, marked by significant volatility. A clear Cup & Handle formation has emerged on the chart, suggested a potential continuation of the existing trend. Following a successful breakout, the stock has maintained its position above the breakout level, demonstrating strength. The price action suggests that the stock...

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Short Term Trading Advice by Naranj Capital Buy MercadoLibre ● Buy Range- 2000 - 2030 ● Target- 2120 - 2150 ● StopLoss- 1950 ● Potential Return- 5-6% ● Duration- 12-14 Trading Days