Nifty after bottoming out in March end has been in clear uptrend with some minor pullbacks in between.
It is currently travelling in a parallel channel with a important support placed around 18190 which in last session acted as channel bottom trendline support as well as was May series avwap level.
Nifty bounced by more than 100+ points from that support.
In...
looking for a nice upside for this expiry
target till 1255-65
stop as per comfort
breakout based trade using indicators RSI, fibo, trend line to enter the trade
disclaimer - trade @ own risk
Bitcoin projected targets are 80k as per both of my theories:-
1st THEORY- FLAG & POLE - Widely used Flag Pole is basically plotted to guess further targets when an asset is at ATH . Bitcoin went into consolidation and formed a slant flag after a huge rally, here the rally is considered as a pole. So we just draw a trendline from the bottom to the top of the rally...
Standing at a good support level and i think we can see a upside move from there.
Please do your analysis before entering the trade and if you have any idea please tell me in the comments.
ONGC >> Good Cup & Handle BO
If BO sustains above the weekly 50% level, then good opportunity to Enter for at least 150 targets.
Wait for retracement from current levels, then Enter.
Godrej Properties >> Looks Good after BO
Also Sustain Above BO, Support from 50% Fibo level
Entry looks good above the Previous day high, with Targets of Recent High
This setup is on daily timeframe.
Stoploss at 0.38 level i.e. below the resistance line of pattern which should act as support now.
If the 0.61 level is break the we will get the confirmation that the trend is changed.
The uptrend will begin and 52 week high will be our major resistance and the target too.
Because it's 52 week high it's strong resistance,
so...
market view is down...bear pressure is seen in the market..the trend clearly bend....within dec month we can see nifty break the trendline and it could retrace upto 23% fibonacchi.......2000 point to be fell by december
thank you
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do like the post NSE:NIFTY
Everyone draws their support and resistence lines differently, this is my channel of support and resistence. As long as multiple buttoms and tops touch the channel, it's as good as anybody elses guess.
What's important is to look at where this price is compared to the previous weeks candle. The fibonacci I drew is from the Low to High of last week. So these fibo...
The share has increased from 1900 to 2400 in the past 1.5 month (i.e. a whopping growth of 30%+)
SHORT BELOW 2270
The share is primarily because of below mentioned reasons :
1. Broke trend line which indicates fall.
2. Crucial Fibonacci Support at 2228. If it breaks, Free fall.
3. Reversed from overbought levels as per Stochastic Oscillator, due correction...
Go long in IFCI.
As per Fibonacci analysis, it has shown 100% drawdown wrt previous fall and has maintained to close above 0.3 fibs ratio.
Expect further upside to 26.3 levels in 3-4 trading sessions with a SL of 25.1
