7"NYKKA" FSN ECOMMERSE VENTURES LTD 28 WEEKS BREAKOUT WITH 1. NYKKA given a breakout in 135 days (28 Weeks) high and packed with the volume of 53.22M, And NYKAA' s last 30days average volume is 7.33M.
2. It was Created a range contraction between 139.8 to 195.50 (55.70 points, 39.84%), After this breakout this range might expand up to 111.4 points. In price levels the expansion will be leads to 306.9 levels.
3. Based on the Historical price action from 11th April 2022 to as of now there is no potential supply zones in Higher Timeframe like Weekly & Monthly between 294.15
4. Based on these analysis we can expect a Midterm price momentum in NYKKA up to 294.15 (94.12 Points, 47.05%) from CMP 200.03
5. In case if price comes down side for a retracement 172 to 178 area will act as a reversal zone because of Demand zone, Parallel EMA's and 0.618 Golden Ratio in of 139.8 to 195.5
CONCLUTION
Buy Trade Aggressive Entry CMP
Conservative Reversal Entry 178, If Price Come
Stoploss 170
Possible Target in Mid-term 294 (Weekly Supply Zone)
Equityanalysis
SWING Trade Setup for L&TThe FASP for L&T is listed for 11-1-2023 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Piramal Enterprise Short Term TargetsThe FASP for Piramal Enterprise is listed for 22-12-2022 . You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: Up to 6 Months
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
OBEROIRLTY , Hold it for long term as well undervalued stockI will buy OBEROIRLTY because :
It has been taking support .
It has touched the support 3 times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 523
Target : 606
Stop loss : 506
CADILAHC at its support , very good stock to buyI will buy CADILAHC because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 441
Target : 450/480/500
Stop loss : 409
MARUTI forming head and shoulder pattern and price at supportI will buy MARUTI because :
It has been taking support at the trend line .
It has been consolidating and give big move soon.
It is also forming a head and shoulder pattern.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 6784
Target : 7353/7695/8216
Stop loss : 6404/6290
ABFRL forming a expanding channel BUY signals at 160/157/153I WILL LOOK AT BUYING OPPORTUNITIES AT ABFRL because :
It is forming a expanding channel pattern .
It has been taking the support of the lower trend line .
Now the price may reach its support level so will be looking at buying opportunities.
Entry : 160/157/153
Target : 204
Stop loss : 140
GODREJCP Buy opportunity taking support at 709I will buy GODREJCP because :
It has been taking support at the trend line .
It has touched the trend line a few times and has not been able to break it.
So will be looking at buying opportunities.
If it breaks the trend line downward then look at shorting opportunity .
Entry : 694/709/720
Target : 772/850
Stop loss : 670
AJANTPHARMA forming a CHANNEL pattern buy at 1638I will go LONG on AJANTPHARMA because:
The price is forming a Chanel Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of trendline ) and may reach the resistance zone (upper end of trendline ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 1638/1578
Target - 2006
Stop loss - 1539