Last week the markets were volatile. A M pattern formation and immediate reversal forming a V pattern shows the volatility. The market need to retest of halt on the upper levels before crossing the ATH. On friday, there was a 2.5% bullish move in banknifty it seem to be bullish as on intraday levels. Positional trades can also be entered, if market comes to...
1. Trend: Bullish 2. 6 months consolidation 3. Price taking support from fin 0.61% levels with double bottom formation 4. RR: 1:5.6+
The strong rebound from key support highlights elevated buying demand that makes us retain support base at 21800 as it is confluence of: A. 61.8% retracement of current rally 2153 to 22300 is placed at 21823 B. Last week’s low is placed at 21875 C. Lower band of rising channel As per chart next target would be 22400 and 22670 soon
AMBUJA CEMENTS LTD is trading above it's All time high (ATH) and is at 617.60. Next Target seems to be at 767 as per Fib Retracement. Note: This Idea is just for educational purpose. Do not trade based on this idea. Do you own analysis before trading.
Great to see the volatility in the market once again! The major support, resistance and targets are posted here using Fibonacci Tools and other technical analysis. Watch out for these levels and do post your comments
In the context of the weekly timeframe, we observe a significant development: the breach of the 2021 trendline. Subsequently, the price has successfully undergone a retest, a crucial aspect in technical analysis. What adds to the bullish outlook is the presence of a bullish harami pattern at the bottom of this retest. A bullish harami pattern is a two-candlestick...
JP Power Price form Inverse H&S pattern and break out level at 10.50. It may test next target 22 soon.
Within one hour, the Nifty50 market experienced a retracement of 61.80% and subsequently rebounded, encountering a bear order block on the 1-hour chart. If it faces and retests the unbroken 1-hour bull order block, it may continue its upward movement. Let's observe the developments tomorrow morning.
Confirmations:- 1] strong bullish strength from weekly to 4h time frame 2] break of structure 3] Fibonacci 50% zone 4] imbalance area Target confirmations:- 1] buyside liquidity - 1:3.4 RRR
SBI form triangle pattern on weekly chart. If break and sustain above 620 weekly. It may test700-750 in next 2-3 months.
📊 NSE:PSPPROJECT - Technical Analysis - February 4, 2024, 14:18 IST 🚧 Company Overview: 🏗 PSP Projects Limited is a prominent player in the construction sector, providing comprehensive services from planning and design to post-construction activities across industrial, institutional, government, and residential projects. The company caters to both private...
Wipro successfully breaks out of its accumulation phase, which lasted from June 2022 to December 2023, and shows a strong retracement to the Fibonacci level of 61.80%. A clear target is now in sight, and the momentum continues.
NIFTY is not very indicative for now, we saw a huge fall today specially in Banknifty, while NIFTY held out good despite the Liquidity Void it had from 31 Jan rally. Now OI is -ve for both of the instruments, we shall see the price action on these levels. I am a little bit biased towards bullish movement but yes after a bear trap or consolidation. Let's see what...
FINNIFTY is at its crucial bottom. If it breaks it tomorrow then we will wait for the most likely see the bear trap on which we we will enter for long positions and if it breakdown the bottom and comes to retest then we will enter short positions after seeing some confirming bearish candles. Seeing OI Data, Market looks mildly bearish. We will make our positions...
Nifty next up move will come when it close above 22150 on monthly chart. Empirically, in General election year, Nifty has a tendency to bottom out in Feb-March, followed by minimum 12-16% rally towards General election outcome in each of seven instances over past three decades. As per chart nifty may be bottom out near levels 21120-20850 in upcoming days. So, buy...
Confirmations:- 1] bullish trend 2] break of structure 3] fair value gap entry 4] Fibonacci 50% Target confirmations:- 1] swing high
ITC is currently trading within the support range of 412 - 406, which was established on April 23rd and has been retested. This range presents a potential buy or accumulation opportunity. In case of a break, consider buying at lower levels, such as 392 and 362, based on the Fibonacci retracement level at 50%.
Day chart I figured out Golden Ratio Zone in range 0.33 - 0.41 and this zone is supported by Fibo Channel so that make a confluence around here to support for the main trend Besides, I see the support around 0.49 but I think this support isn't strong Time will tell