NaranjCapital

NaranjCapital

ABOUT COMPANIES Northrop Grumman NYSE:NOC excels in advanced aircraft systems, divided into four main areas: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems. Aeronautics Systems designs and manufactures cutting-edge aircraft for the U.S. military and global clients. Defense Systems integrates battle management and weaponry, while...

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As Bitcoin travels through the descending parallel channel, it looks like it has finally secured support near 56k, a level it has relied on multiple times in the past. We foresee a bullish movement from this point in the short term. 1st target - 65k 2nd target - 70k.

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Health Care Following an extended consolidation phase from December 2021 to August 2024, the healthcare index has developed an Inverted Head & Shoulder pattern. With a recent breakout, the index is now set to experience significant upward momentum. Industrials Similar to the healthcare index, the industrials sector has also established an Inverted...

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The aging U.S. population is set to double by 2050, increasing the need for caregivers. Addus HomeCare Corporation, based in Frisco, Texas, provides essential personal care, hospice, and home health services. With a market cap of $2.35 billion, Addus reported $1.115 billion in revenue in June 2024, with a 27% profit increase. The company is debt-free and has major...

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The stock experienced an extended period of consolidation, during which it formed several bullish chart patterns, including the Double Bottom and Rounding Bottom. After the price broke above the neckline of the Rounding Bottom, the stock surged to reach an all-time high close to the 237 level. Since then, it has retraced nearly 17%-18%, returned to its support...

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Short Term Trading Advice by Naranj Capital Buy Cboe Global Markets ● Buy Range- 200 - 205 ● Target- 215 - 218 ● StopLoss- 196 ● Potential Return- 5-6% ● Duration- 14-15 Trading Days

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Short Term Trading Advice by Naranj Capital Buy NVIDIA Corporation ● Buy Range- 111 - 115 ● Target- 125 - 127 ● StopLoss- 107 ● Potential Return- 9-10% ● Duration- 14-15 Trading Days

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Short Term Trading Advice by Naranj Capital Buy FTAI Aviation ● Buy Range- 104 - 107 ● Target- 115 - 117 ● StopLoss- 98 ● Potential Return- 7-9% ● Duration- 14-15 Trading Days

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The index is clearly demonstrating a strong upward trend, consistently achieving higher highs and higher lows. During this upward movement, it previously established a bullish Pole & Flag pattern, and after breaking out, the index has continued to rise. At present, the index is trading just beneath its next resistance level. If the Dow Jones manage to break...

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After the market crash in March 2020, the stock price stabilized around the 110 level and began to rise. This upswing drove the price to an impressive high near 350, reaching an all-time peak. During this phase, a Rising Wedge pattern formed, and following a subsequent breakdown, the stock underwent a significant correction, returned to its previous support...

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The hourly chart is showing the development of a double bottom pattern. - If the neckline at the 2404 level is breached, we could witness a surge in gold prices. The anticipated upside targets are as follows: - 1st target - 2418 level - 2nd target - 2453 level - 3rd target - 2475 level

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Weekly Chart The 100 level has shown to be a significant resistance point for the stock, as it faced multiple rejections at this level. Following these rejections, the stock entered a significant consolidation phase, which led to the formation of a Symmetrical Triangle pattern. After breaking out of this formation, the stock price soared, reaching a peak...

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● Jesse Livermore, a successful stock trader, built a fortune of $100 million in 1929. He operated independently, using his own capital and strategies. Livermore preferred trending stocks and used price patterns and volume analysis to decide trades. ● Livermore's Trading Principles (1) Trade with the trend A well-known saying is "The Trend Is Your Friend."...

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Alnylam Pharmaceuticals The stock price has encountered several rejections around the 212 level, leading to subsequent corrections. After establishing a Double Bottom pattern, the price attempted to reverse the downward trend but was unable to do so, facing rejection at the 200 level. Consequently, the stock underwent another correction. Following this, the...

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S&P 500 After the Cup & Handle pattern breakout, the market surged to nearly 5,670, setting a new record high. Since then, the index has been on a downward trend for the last three weeks, forming the Three Black Crows chart pattern, signaling a bearish outlook. With the current market conditions, it is expected that potential support will be around the...

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Short Term Trading Advice by Naranj Capital Buy First Bank ● Buy Range- 14.5 - 14.85 ● Target- 15.6 - 16 ● StopLoss- 14.2 ● Potential Return- 5-8% ● Duration- 12-14 Trading Days

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Short Term Trading Advice by Naranj Capital Buy Vertex Pharmaceuticals ● Buy Range- 475 - 480 ● Target- 500 - 505 ● StopLoss- 460 ● Potential Return- 5-6% ● Duration- 12-14 Trading Days

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Short Term Trading Advice by Naranj Capital Buy Coca-Cola ● Buy Range- 63 - 63.5 ● Target- 66 - 66.5 ● StopLoss- 62 ● Potential Return- 4-5% ● Duration- 12-14 Trading Days