#056 | US Stocks
Checked out the Indian Newsletter? It has Technical views on Nifty, Bank Nifty and 3 interesting ideas 🚀
Have you checked out our Indian Stocks Newsletter for this week?
Also, in this week’s newsletter, we have three bullish picks.
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In this week’s edition we talk about three interesting stocks from three different sectors - Auto, Pharmaceuticals & FMCG.
Guess the Breakout Indian Stock of the Week 🚀
Get a Complimentary 1-month subscription to Alpha Swing Premium. Guess it right!
This Company’s Operating Profit margin has fairly remained stable despite commodity inflation led margin contractions as talked about by other frontline FMCG players.
In the recent years, the company has been instrumental in coming out with multiple product extensions despite being a category leader in its domain.
At an annualised forward EPS of 45, the stock is available at a Forward multiple of 35x.
Guess the stock.
Answer to last week’s contest was Tube Investments. If you got the answer right, write to us to get a complimentary 1-month access.
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Indian Stocks - You get access to weekly swing trade newsletters - These include views around the benchmark indices and three interesting stocks from the Indian Markets. While Harneet charts out all the technical aspects of the trade, I try and put a short take from the fundamental side. Here’s a small snippet.
US Stocks - Two interesting swing trade ideas from the US markets. Presently, this is being given for free every week but we may soon put this behind the paywall exclusively for our premium subscribers.
Community Events - Until now, we have hosted multiple community events - Live Zoom call, Telegram Ask Me Anything (AMA) sessions and also Twitter Spaces. We will soon publish schedules for this.
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Tesla (Short Idea)
In Tesla's daily chart we can see that it has got rejected from the upper resistance of the descending channel.
It is below the Volume shelf too which usually acts as a support.
Till we are below this upper resistance now of around 1100 levels, we can fall around 10% towards the lower end of the channel.
(Volume Shelf is an exclusive feature available only on Trendspider.)
Pfizer
in $PFIZER's daily chart we can see that after breaking out of a huge cup, it had consolidated into a channel for few days and then after a good up-move, made a flag.
It is taking support at Volume shelf too, now.
Now once we get a breakout from this flag, it can give a good move.
But we have to wait for a breakout, not to rush into this one.
It can take some time too.
Once we have broken out from it, we can see 10-12% move in it at-least.
Have you checked out our Indian Stocks Newsletter for this week?
Disclaimer
The data/information available on this newsletter is for the purpose of information only and one needs to rely on their own judgment while making any decisions including investment decisions.
Any investments discussed or recommended are not intended to offer or solicit an offer to buy and/or sell any securities mentioned on this newsletter and/or is not an official confirmation of any transaction.
No content on this newsletter should be construed to be investment advice. You should consult a qualified financial advisor prior to making any actual investment or trading decisions. All information is a point of view, and is for educational and informational use only. The author / contributor accepts no liability for any interpretation of articles or comments on this blog being used for actual investments.
Alpha Swing does not provide SEBI registered investment advice.
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