Looking Good For Long-Term Holding . Good Fundamentals and Business Model Stock is trading at 0.34 times its book value CMP @ 215.30 AND BOOK VALUE @ 629 Quarterly Results Out as..... Item YOY Mar 2024 Sales ⇡ 47% 59.6 EBIDT ⇡ 309% 5.34 Net profit ⇡ 186% 4.72 ...
The CBRT has raised rates from 8.5% in June 2023 to currently standing at 50%. There was a recent CBRT meeting where rates where held at 50%. There has been a roll coaster for inflation YoY which was below 20% in 2020, rose as high as 36% in 2021, pushed up to 85.50% in 2022, dropped in 2023 to around 38% at its lowest, then pushed higher to standing at 69.8%...
The Pound-Dollar pair is losing momentum to recover near 1.26950 in the early Asian session on Friday. The major pair is declining after pulling back from a recent top near 1.27600 amid renewed demand for the US Dollar (USD). Later on Friday, data on US durable goods orders and Michigan consumer sentiment index will be released. On Thursday, the flash PMI from...
www.tradingview.com 📈 Focus on XAUUSD! 🚀 On the H4 chart, XAUUSD has tested the significant 2370 resistance, which aligns with the golden Fibonacci ratio. Technically the market is still bullish. 🔼 If the price breaks above the 2370 resistance, the next target is 2395. 🔽 If a correction happens, the price might drop to 2330 and the 38.3 Fibonacci level.
The Euro-dollar pair is trying to halt its three-day losing streak, hovering around the 1.08200 mark during the Asian session on Thursday. The strengthening of the Euro against the US Dollar (USD) can be attributed to the latter's corrective movement. Investors are likely to await the Purchasing Managers' Index (PMI) data from the eurozone and Germany before...
Pair: HTX:LINKUSDT Timeframe: H4 - Medium Term (MT) Direction: Long Technical Confluences for Trade: - Price have bounced off 61.8% Fibo retracement levels - Price action is within two different parallel channels; 1 acts as a bottom channel support and the other is within a supply-demand zone channel - Aiming for the 32.8% Fibo Retracement with 23.6%...
1. we are currently consolidating in a tight controlled price range - this clearly illustrates to me that we are waiting a big price move soon (most likely after the high impact new releases today) 2. i believe a break below the line below wil lead to a bullish continuation upwards or a break below the line above will lead to a short term bearish break down of...
🔍Let's dive into today's analysis. Today's focus is on ETH, which recently experienced a 28% pump in anticipation of the potential approval of an Ethereum ETF. As I mentioned in my previous analysis, breaking the $2964 level was crucial, and it provided a strong trigger for opening a position, leading to a 28% gain with a high risk-to-reward ratio. 📰Today, the...
The GBP/USD pair on the M30 timeframe presents a potential shorting opportunity due to a recent breakout from a wedge pattern. Possible Short Trade : Entry: Consider entering a short position (selling GBP/USD) below the broken support trendline of the wedge after confirmation. Ideally, this would be around 1.2720 or lower if the price continues to...
OANDA:XAGUSD OANDA:XAUUSD TVC:DXY Finally 😎 Silver broke through $30. So what's next? Long-term: I would say there is nothing on its way to go for $50. BUT, what would support Silver to go for $50? where's the demand for silver? How would supply change in the coming years? .... I would say, let's not get ahead of ourselves and focus on what's...
The Pound-Dollar pair continues to rally near 1.27100 on Tuesday in the early Asian session. Investors are expecting more catalysts as various Federal Reserve (Fed) speakers are due later in the day. On Wednesday, close attention will be focused on UK Consumer Price Index (CPI) data and FOMC meeting minutes. On Tuesday, the US dollar trades stable amid the...
Fundamental Analysis : Since we all know the geopolitical tension we are living right now : Russian and Ukranian War, Palestinian and Israel conflict, Tension between USA and China, BRICS buying gold massively. Also increasing inflation all over the world, increase in interest rates is globalised... Gold also is very correlated with US CPI, GPD, Housing...
🔍Let’s dive into today’s analysis. Today’s analysis is a bit different from the others, as we will focus more on the fundamental aspects of this project and have a discussion with those who participated in this project and managed to cash out. The meme coin we will analyze today is NOT, a project that generated a lot of hype for a long time and even led to...
The Euro-dollar pair is trading on a stronger note near 1.08800 on Monday in the early hours of Asian trading. The growth of the major pair is supported by the weakening of the US dollar. Federal Reserve (Fed) officials Bostic, Barr, Waller, Jefferson and Mester are scheduled to speak on Monday. The main event in the Eurozone will be the preliminary PMI for May on...
The Dollar-Yen pair rose to 155.900 during the Asian session on Friday as the Japanese Yen (JPY) faced fresh pressure. This was due to the Bank of Japan (BoJ) maintaining its bond purchases from the previous operation, abandoning an unexpected cut in debt purchases earlier this week. Traders speculate that the BoJ may cut bond purchases at its June meeting. BOJ...
GameStop Corp (#GameStop) video game store chain shares soared by 46% during Monday's trading on the New York Stock Exchange (NYSE), reaching $25 . The surge didn't stop there, as on Tuesday the price reached up to $60 per share! Wednesday opened with a sudden downward gap, but by the end of the session, the price confidently recovered to $40. What will...
Wednesday’s US CPI report showed a moderation in price pressures in April, following months of persistence, with headline inflation easing to 3.4% y/y and core to 3.6% y/y. Along with the miss in retail sales, markets strengthened their pricing for two rate cuts this year by the Fed, staring in September. The greenback fell as a result, sending EURUSD to the...
KEY HIGHLIGHTS FOR FY24 Unexecuted order value at INR 8,084 crore as of Mar 2024 compared to INR 4,913 crore as of Mar 2023 Company has received new orders / LOI in two projects worth -INR 488 crore during the quarter including being declared L1 for a second floating solar module project in the country Company received its second international order in Q4...