? Biocon (BIOCON) – Moving After Consolidation – Stay Confident! ? Trade Update: I entered a long position on Biocon during the consolidation phase, and it’s now starting to show some movement. The price action has been quiet for a while, but we are finally seeing the breakout I was anticipating. 1. Breakout After Consolidation: The price is now moving upwards, confirming the breakout and the end of the consolidation phase. This is a classic move where price breaks out from a range, and the momentum can carry it higher. 2. Technical Indicators: Volume has been increasing, showing that this move has strength and backing. The Moving Average (MA) is also supporting the bullish trend, with the price above . 3. Current Position: Entry: I entered at 324.20 avg during the consolidation phase. Target: My first target is with a potential for further upside if momentum continues. Stop Loss: I’ve placed my stop loss at to manage risk in case of any pullback. 4. Trade Management: I’m monitoring the price action closely. If the move gains more strength, I may adjust my targets higher. For anyone who followed, ensure you’re keeping a close eye on the key levels of support and resistance to manage risk effectively. 5.Confidence in the Move: This trade was based on a strong technical setup, and I’m confident it has the potential for further upside as long as the trend continues to hold. Disclaimer: This is my personal trade and not financial advice. Please do your own research and manage your risk appropriately. #indianstocks #pharmasector #cnxpharma #swingtrading
"Don’t delude yourself into thinking something’s working when it’s not, or you’re gonna get fixated on a bad solution." This stark warning from Elon Musk serves as a poignant reminder not just for his ventures but for investors and enthusiasts following Tesla. The allure of Tesla’s innovative spirit and its groundbreaking promises in self-driving technology and robotics has captured imaginations and driven its stock to impressive highs. However, a critical examination suggests that the company’s current trajectory might not be as promising as the stock prices suggest. Firstly, Tesla's ambitious Full Self-Driving (FSD) capability continues to be a work in progress, much like the early days of a start-up experimenting in uncharted territories—not the polished product one might expect from a company valued as highly as Tesla. Despite years of development, Tesla remains significantly behind industry leaders like Waymo in terms of true autonomous driving technologies. Waymo, with its laser-focused approach on autonomy and years of extensive testing and data, has clearly established a substantial lead. Betting on Tesla catching up soon is more a gamble than a sound investment strategy. Moreover, there is a significant cultural and political aspect to consider. The idea that conservative segments of the market, often characterized stereotypically as rednecks and Republicans, will suddenly pivot and embrace Tesla en masse is far-fetched. Market penetration into these demographics involves more than just offering a compelling product; it requires aligning with broader lifestyle choices and values, areas where Tesla has not traditionally held sway. The optimism surrounding Tesla's AI robot, Optimus, also requires tempering. In its current form, Optimus is not poised to revolutionize the industry. Competitors are already showcasing more advanced and practical applications of robotics that overshadow Tesla’s attempts. The robot’s performance has not been encouraging, and banking on it to become a market leader is optimistic at best. Considering these elements, Tesla's vision of dominating the robotaxi market appears overly ambitious. The technological lag, combined with regulatory hurdles and public skepticism, adds layers of uncertainty to this goal. With predictions like a less than 25% chance of Tesla launching its Cybercab before 2030, the company's future in this arena seems precarious. Given these factors, it's an opportune moment for savvy investors to reflect on the wisdom of Bill Gates, who is reportedly shorting Tesla stock. The disparity between Tesla’s market valuation and its actual progress in critical areas suggests that the stock might be poised for a significant correction. Investors might do well to consider whether Tesla, at its current valuation, truly reflects its intrinsic worth or if it is, as Musk warns, a fixation on a "bad solution." While Tesla undoubtedly continues to innovate and push boundaries in many areas, the pragmatic approach would be to prepare for a potential downturn in its stock value, possibly back to around $200. This would more accurately reflect the company's current state in the competitive landscape and its technological advancements, or lack thereof. As always, the key to successful investing is to see through the hype and base decisions on solid, realistic assessments of technology and market trends.
Let’s dive into the last Nasdaq market analysis for 2024. Share insights, and potentially spot opportunities for good pips.
Hello, dear friends! As the year comes to a close, USD/JPY has shown significant movement, reversing course and dropping below the 157.00 mark. This late-year shift comes as market participants prepare for midweek closures and reduced activity around the New Year holiday. Despite lighter trading volumes, price action remains dynamic, signaling potential shifts in the trend. Technically, USD/JPY has failed to maintain its position within the parallel ascending channel, suggesting the emergence of a new trend. A key level to watch now is the immediate support at 156.03. The critical question is whether this support will hold and for how long. Looking at the bigger picture, sustained consolidation below the broken channel could lead to a move toward lower targets, as indicated on the 4-hour chart. If you find this idea insightful, don’t forget to leave your thoughts in the comments below and share it with your network. Your support gives me immense motivation to continue sharing valuable experiences and strategies in the forex market. Let's conquer this journey together!
BATA is forming cup pattern, neckline resistance lies around 2,490, after reaching it can form its handle, upon break out price can test 3,000 which considered be the target.
So US30 hit our buy zone yesterday even though it didn’t trigger our sell limit beforehand we did have a buy limit set up at 42.440 and we are currently riding that but will look to take profits shortly because I do see another push back into the 42.440-42.250 area before pushing back up. I will get some nice entries in that price action by following the 5-15 min candles once in our kill zone and placing a buy stop above the last 2nd closed candle (either 5-15) and trailing. If it continues below 42.250 buy stop will be eliminated.. as sellers take over. BUT until then we see bulls coming in heavy in that area.
Hello traders, let’s dive into today’s gold market together! Currently, gold is trading around $2,606 USD, down by over $10.7 USD compared to early yesterday. Gold prices have slightly declined at the start of the week as investors await key U.S. economic data in the coming week and assess the potential impact of President-elect Donald Trump’s return to power on the Federal Reserve’s outlook for 2025. Although this decline is short-term, the broader market sentiment remains optimistic about gold’s performance in 2025. Factors that supported gold throughout 2024—such as consistent central bank purchases aiming to diversify reserves and continuous interest rate cuts by the U.S.—are expected to remain key catalysts driving gold’s upward momentum in the year ahead. What about you? Are you betting on gold’s rise in the new year?
Asset management firm Fidelity slashed the estimated worth of its stake in business messaging platform Gupshup by another 7.7% last month, lowering the value of its holding in the SaaS startup by a total of more than 65% since its investment in mid-2021. One of the funds operated by the U.S. asset manager valued its […] © 2024 TechCrunch. All rights reserved. For personal use only.
Samsung Electronics said on Tuesday that it has become the largest shareholder of South Korea-based robotics maker Rainbow Robotics, increasing its stake from 14.7% to 35% for KRW 267 billion (about $181 billion). The electronics giant, which paid KRW 86.8 billion for the 14.7% stake in 2023, said it is acquiring the stake to bolster […] © 2024 TechCrunch. All rights reserved. For personal use only.
Welcher Film hat 2024 am meisten Geld eingespielt? Auf Platz 1 steht interessanterweise kein klassischer Blockbuster, wie die folgende Liste mit den höchsten Einspielergebnissen des Jahres zeigt.