Bitcoin is neutral on its 1D technical outlook (RSI = 44.119, MACD = -816.800, ADX = 35.629) as it may have reached the 4H MA50 today but remains ranged inside a Channel Down since February 4th. According to the 4H RSI, this is technically a Bull Flag pattern like the one on Dec 26th-30th that was also formed during a 4H Death Cross. The Bull Flag bottomed and rebounded to the 1.382 Fibonacci extension. We can be bullish (TP = 103,000) at least on the short term. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
no vol to go higher PS: ANYTHING CAN GO WRONG, WILL GO WRONG
The Russell2000 (US2000) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend. However, since reaching an all-time high on 25th November 2024 the Russell2000 index price action is consolidating in a sideways trading range. The key trading level is at 2195, which is the current swing low. A corrective pullback from the current levels and a bullish bounce back from the 2195 level could target the upside resistance at 2267 followed by the 2323 and 2340 levels over the longer timeframe. Alternatively, a confirmed loss of 2195 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 2163 support level followed by 2136. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Incorporated in 1994, Senco Gold Limited is a Pan-India jewelry retailer and is the largest organized jewelry retail player in the Eastern region of India based on the number of stores Promoters It is run by 4th generation professional entrepreneur as Promoter with PE investment from Elevation Capital (SAIF Partners India IV Limited) 2014 and Oman India Joint Investment Fund II-2022. Largest jewellery retail player in East India Senco Gold is primarily involved in the business of selling gold and diamond jewellery and also sells jewellery made up of silver, platinum and precious and semi-precious stones and other metals. They are the largest retail player based on the number of stores in East India with 97 stores including large format and small format. It is India’s 2nd Most Trusted & 2nd Most Desired Jewellery Brand and Largest organized jewellery retail player in Eastern India Product Portfolio As of Q3FY24, Co. has a catalogue offering 130,000+ designs for gold jewellery and 72,000+ designs for diamond jewellery. Its products are sold under the brand name - '' Senco Gold & Diamonds" Brand Ambassadors Kiara Advani, Sourav Ganguly, Vidya Balan etc. Geographical Footprint The company has 155 showrooms out of which 90 are COCO and 65 are Franchisee showrooms. It is present in 16 states and 105 cities. Store Count - Q3FY24 East : 117 (west bengal - 90) North : 22 Central : 4 West : 7 South : 5 Store Count Metro Cities - 40 Tier 2 Cities - 37 Tier 3 cities - 8 Tier 4 & Below - 5 Franchise showrooms count stood at 65 in Tier 2 and 12 in Tier 1 cities. In 9MFY24, 32% revenue came from Franchisee showrooms. Showroom bifurcation Classic - Traditional Customer, ATV : ~Rs. 63,700 D’Signia - Premium and HNI, ATV : ~Rs. 73,700 Everlite - Younger generation & millennials, ATV : ~Rs. 34,900 Modern - Upcoming Geographies , ATV : ~Rs.72,400 House of Senco - Super Luxury; ATV : ~Rs. 48,300 Sennes - Lifestyle and accessories, ATV : ~Rs. 33,500 Manufacturing Facility Co. has a manufacturing facility located at the Gems and Jewellery Park, Ankurhati in Howrah, West Bengal. Hub and Spoke Model The company uses a hub and spoke approach to enter new geographies and for optimizing their inventory management, which means that it typically forays into large or new cities by way of Company Operated Showrooms and then leverages its franchise model to expand into tier- 2 and tier-3 locations. Geographical Revenue Bifurcation As of 30, Nov 2021 the Eastern and North Eastern regions of India accounted for 85.42% of its revenue, North India contributed 8.78% and West, South India, exports and online sales contributed to 5.80% of the revenue. Major revenue of 34.74% is from Tier-2 cities, 33.27% from metros and 29.35% from tier-1. Revenue Bifurcation - Product wise Gold jewellery – 92.20% Diamond and precious stones – 4.84% Silver jewellery and articles – 1.03% Platinum jewellery – 1.42% Fashion jewellery – 0.15% Novelty and accessories – 0.10% Franchisee fees – 0.26% FinTech and online presence SGL has also launched an online platform for purchasing digital gold and silver - MyDigiGold, My DigiSilver and which allows customers to accumulate gold of 99.9% purity in a physical third-party locker and to subsequently sell the same online or redeem the gold in the form of jewellery at any of their showrooms. Sennes Under this brand company sells leather accessories for men and women like laptop bags, wallets, handbags, kits etc. It ranges from Rs. 1000 - 30,000. It is present in 9 SIS formats and 2 MBOs( in Del & Chandigarh). IPO Details Co. raised 405 Crs through the IPO and got listed on 14th July 2023 of which 270 Crswere a fresh issue which will be utilised for: A) Funding working capital requirements B) General Corporate purposes Focus The company is focused on light weight jewellery across various price points starting from Rs. 2,000 to maximise customer base.
A pivotal moment has arrived—clear indications of an end to the war have sent a wave of optimism through global markets. This shift in sentiment acts as a major bullish catalyst, igniting momentum across risk assets. Seizing this opportunity, I’m entering a long position following the initial impulse: ? Entry: 96,782 ? Stop-Loss: 90,975 (Calculated risk of 10%) ? Take-Profit: 103,962 ⚡ Leverage: ~1.63x ? Risk/Reward Ratio: ~1.18 This setup aligns with the market’s reaction to geopolitical stability, fueling a strong upward trajectory. If the momentum sustains, BTC could break resistance and extend further gains. #Bitcoin #CryptoTrading #MarketSentiment #LongSetup #BullishMomentum ? Follow my trades: https://app.hyperliquid.xyz/vaults/0x640fbbda616d66806b0df3af7b71c9124eccbbf1
EV etc for me all overrated. Tesla also...they are selling you lit. battery tech that will diminish after some time... You are going a long journey and have to stop by a charging station and wait before you keep going...Are you joking me ! ! With EV this is what happened...For years car companies had been spending money on ARGE...Finally they had to profit, with the help of the governments, they are turning it into profits. 5 years later they will be speaking for hydrogen cars or back to petrol or something. My thought above has got nothing to do with Ford :) But Ford Price will increase in short term. None of my positions are investment or trading advise. Do your own analysis.
Current market conditions 1. Price level: Gold has been fluctuating at a high level recently, hitting above $2,900 several times, but has failed to stabilize effectively, indicating that there is strong resistance in this area. 2. Market sentiment: The market still has different expectations for the Fed's policy. In the short term, the slowdown in the expectation of interest rate cuts may limit the further rise of gold. 3. Technical structure: • Support level: $2,880-$2,850. If it falls below, a deeper correction may occur. • Resistance level: $2,920-$2,950. If it breaks through, it is expected to hit $3,000. Operation strategy 1. Short-selling strategy (short-term correction) • Entry time: If the gold price rebounds to the $2,920-$2,940 range but is unable to break through, consider entering a short position. • Stop loss: set above $2,950 to prevent unexpected breakthroughs. • Target: First target $2,880, if it falls below, it can continue to look at $2,850. 2. Long strategy (support buy) • Entry time: If the gold price pulls back to $2,880-$2,860, but does not effectively fall below, you can consider going long in batches. • Stop loss: set at $2,850 to prevent further declines and losses. • Target: First target $2,920, if it breaks through, it can look up to $2,950-$3,000. Trading suggestions • At present, the market uncertainty is high. It is recommended to adopt a light position + short-term trading mode and strictly implement stop loss. • If gold breaks through $2,950, you can follow the trend and go long, but you need to pay close attention to market changes to prevent a rapid decline. • If gold falls below $2,850, the short-term bullish trend may be destroyed and the direction needs to be re-evaluated. Conclusion: In the short term, gold still faces correction pressure, but the overall trend has not changed. Pay attention to the support strength near $2,880 and wait for clearer directional signals.
About Established in 1832, P. N. Gadgil & Sons Ltd is in the retail business of gold, silver, and diamond jewellery Key Points Business Overview: PNGSL is one of the oldest Jewellers in Maharashtra. It is a part of the PNG group which is an established player in the gold, silver and diamond jewellery business, with a significant presence in Pune, Mumbai and other parts of Maharashtra. Company provides new jewellery trends in Maharashtra and have introduced Temple Motifs, Contemporary Jewellery designs, Light Weight, Daily Wear and Designer Collections, etc. Currently, it is present in 3 States, 23 Cities with 30 Showrooms Product Categories: a) Collections: Azva, Color Mangalsutra, Delicate Designs, Divine Collections, Diwali Festive Colletion, etc. b) Diamonds: Festival Diamond, First Love First Diamond, Love Again and Again, Rose Gold Collection, Ruby Gold, etc. c) Gold: Zaroka Jewellery Collection, Accessories, Bracelet – Gents, Bracelet – Ladies, Chain For Ladies d) Silver: Corporate Gift Items, Kids, Pooja Sahitya, Silver Jewellery e) Women's Jewellery: Mangalsutra, Bangles, Necklace, Pendant, Tops, Finger Rings, Chains f) Men's Jewellery: Chain, Chain Pendant, Ring, Bracelet Revenue Generation: In FY23, company's revenue grew by 76%, led by a 32% rise in jewellery sales and 280% rise in low-margin bullion sales Closure of Overseas Subsidiaries: In FY22, company did wrote-off Rs 52 crore following closure of loss-making subsidiaries in Dubai (PN Gadgil Jewellers DMCC and PNG Jewellers LLC). Prior to that, the group has sold off or discontinued operations in loss-making entities. Company sold Style Quotient Jewellery Pvt Ltd in FY18 and its joint venture, Anant Mauli Jewellers, in FY19. It also discontinued operations of GDPL in FY18. In FY23, it discontinued its operations in the Middle East. The US subsidiary is profitable. IPO: In FY24, company has filed the Draft Red Herring Prospectus (DRHP), for an initial public offering. The proposed IPO consists of a fresh issue of up to Rs. 850 crore. The proceeds would be utilized to reduce debt would enhance the debt metrics
https://www.tradingview.com/x/9FO9v61g/ Breakout above $22 and head to $26
Nasdaq is neutral on its 1D technical outlook (RSI = 54.119, MACD = 45.480, ADX = 25.617) as it is trading sideways for the last 2 months. The 2 year Channel Up is intact and such consolidation patterns have broken out aggressively in the past to the new HH. As long as the 1W MA50 is supporting, the long term bullish trend will stay intact and we can aim for a total of +43% price increase (TP = 24,600) from the last HL, a -4% drop rate from the last one. See how our prior idea has worked out: https://www.tradingview.com/chart/US100/CiTg6jki-NASDAQ-Perfect-neutral-setup-for-scalp-buy/ ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##