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Fibnoacci

MARICO LTD: Strong buyBSE:MARICO shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 1: 553.40 Target 2: 562.30 Stop Loss: 535.25 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
BSE:MARICOLong
by finogent
Nifty Wedge/ Parallel channel Formation Elliott wave AnalysisToday Nifty opened gap up and invalidated assumption of impulsive down moving Elliott wave. At gap up 11248 it confirmed since wave 4 touched wave 1 now its forming a wedge or parallel channel. Where wave 4 should end near 11268 which is 0.618 fib level. Next fib 0.786 11311. Stop loss 11325 Resistance 11270-85 will be difficult to cross. Wave 5 should start downside and end near 11055. Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
NSE:NIFTYShort
by Niftydirection
1
Will it go for new Higher High?Verdict: Bounced back from fib retracement level & formed bullish divergence. But note, unable to cross 1425 level OI Analysis: New longs are added today. If moves up tomorrow then it will be fueled by strong short covering Options Analysis: Huge addition of OI @ 1440CE. This is only thing which is indicating bearishness, all other indicates towards bullish behavior. If I were to guess then my guess will be fall a bit in first half and then recover to head up north.
NSE:ASIANPAINTLong
by akc_trading