long for this expirylooking 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
Fibo
Sleeping Giant AXIE to $300 soon! Fibo & Rising Ladder Hi Traders & Hodlers, here is my analysis for Axie, pls refer to the above chart. Hold your bags 🚀🚀💎💎
BITCOIN 80k soon : FIB Extension & Flag-Pole theory (READ CAP) 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 till the current consolidation phase and paste the same pole ahead of the flag. Our projected target is 80k here. This is a very simple theory.
Second one is Fibonacci Extension . We plotted this from 28k to 53 where it retraced and we usually consider 0.618 as our targets which is again 80k
Now that's huge and looks quite accurate.
COMMENT your views
HODL !
BEL-Long1. Reversal bullish hammer candle
2. Taken 50 EMA support.
3. Touched 0.5 fibo(didn't break)
4. RSI above 50
VOLTAS STANDING AT SUPPORT LEVELStanding 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 #StockMarket #StockToWatch 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.
GODREJPROP #StockMarket #StockToWatch 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
Trade setup with fibonacci 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 to go a little safe I will plan the target little below it.
The RR ratio is not that pretty. It's 1.27.
An example of price action analysis with fibonacci.
This post for educational purpose only.
nifty trendline break to 23% fibomarket 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
if u like my work follow me for more analysis
do like the post NSE:NIFTY
What will the end result of this week be for BSV?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 numbers are only for previous weeks price action. And It seems the price has hit 618 and 5. It seems that the price will retrace upwards by the end of the week. Or the price might stay here, or it might drop to the near low of previous weeks open.
So our options then: All involve waiting.
Doji option
We wait for the near end of the week, creating a doji/hammer. we then sell 25% of our previous buy. at 195$ we are looking for a reversal. Wait for a reversal down, unless it explodes past 200, which is a good thing because then we can take out profits and sell 25% of all bsv holdings. We then formulate a new plan.
Consolidation Option
We wait and see what it does at 170 range and formulate a new plan. Maybe keep this exact same plan.
Down to 150 range Option
We wait and see if it goes back down to 150 range area to purchase in some new 25%-50% of funds left to from previous sale.
Cheers everyone. Stay safe out there.
Bajaj Finance - The awaited Fall!! 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 taking place.
IFCI 100% drawdown completeGo 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
