A1 Trading Advice (A) | Expected Gain 5%-6% | Naranj Capital

 BUY   Alphabet (NASDAQ: GOOGL)

Alphabet - STOCK RECOMMENDATION

IdeaBUY
Buy Range152 – 155
Target162 – 165
StopLoss*below 147
Duration14-15 Trading Days
Potential Returns5% – 6%
IdeaBuy RangeTargetStopLoss*DurationPotential Returns
BUY152 – 155162 – 165below 14714-15 Trading Days5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Alphabet - STOCK OVERVIEW

Alphabet encompasses a diverse range of enterprises, such as Google, Verily Life Sciences, GV, Calico, Intrinsic, Isomorphic Labs, Mineral, Waymo, Wing, and X Development. As the world’s third-largest technology corporation in terms of revenue, Alphabet stands as a prominent American multinational conglomerate, with its headquarters situated in Mountain View, California.

Stock Data
TADAWUL Code GOOGL
Sectoral Index Technology
52 Weeks High 153.78
52 Weeks Low 99.78

Alphabet - RELATIVE STRENGTH

GOOGLE-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Alphabet โ€”     NASDAQ โ€”

Alphabet - TECHNICAL ANALYSIS (DAILY)

GOOGLE-DAILY TECHNICAL ANALYSIS
Alphabet - Technical Analysis (Daily)
  • Price is in an Uptrend and consistently making Higher Highs and Lows.

  • After making high at around 154 level, price made a correction and fell at 131 level.

  • From there, a sharp comeback by the price has been seen.

  • A Rounding Bottom pattern has been formed in this period.

  • With a strong bullish marubozu candle, price break through the resistance level.

  • We can expect a further upmove if the price manages to sustain the current level.

Alphabet - ADX & DI INDICATOR

GOOGLE-ADX & DI
Alphabet - ADX & DI

Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Alphabet - MACD INDICATOR

GOOGLE-MACD
Alphabet - MACD

MACD line has crossed the signal line from the below, generates bullish signal.

Alphabet - RSI INDICATOR

GOOGLE-RSI
Alphabet - RSI

Current RSI of this stock is 70.94, which indicates the strength of buyers.

CONCLUSION - Alphabet STOCK PRICE FORECAST

Based on our swing trading advisory in USA, Alphabetย stock price target will be USD 162 – USD 165 in the next 14-15 trading sessions.

Alphabet - TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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