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Fibonacci

PROTEAN - Bullish Flag, Morning Star, Fibonacci Retracement 38.2In the chart of "PROTEAN," a Bullish Flag pattern has emerged, suggesting a potential continuation of its upward trend. The pattern is characterized by a sharp upward move (pole) followed by a consolidation period (flag), forming a rectangular shape on the chart. The entry point for this pattern is identified above 1466, indicating a breakout from the consolidation phase. A stop-loss is set below 1410 to manage risk in case of a reversal. The target for this trade is set at 2000, aligning with the typical measure rule applied to Bullish Flag patterns, which measures the length of the initial pole added to the breakout point. Further reinforcing the bullish outlook, additional technical signals have been observed: A cluster of patterns, including a morning star candle formation on the hourly timeframe, signaling potential reversal or continuation of the uptrend. The prior pole trend exhibited a 45-degree angle, indicating strong momentum and trend direction. Fibonacci retracement level of 38.2% also supports the bullish bias, suggesting a healthy pullback within the context of an uptrend. Combining these bullish indicators—chart pattern, candlestick formation, trend angle, and Fibonacci retracement—provides a comprehensive technical analysis supporting a favorable risk-reward setup for trading "PROTEAN."
BSE:PROTEAN
by Arvind_Share_Academy
1
Bank Nifty View in 15 mins TF - July 8thWave Analysis: Bank Nifty is trading in a range with a bearish bias. It has completed waves A and B and now appears to have entered wave C, suggesting we might see a sharp one-sided (wave 3 of wave C) move in the coming days. Based on wave analysis and Fibonacci extension, Bank Nifty can reach the mentioned demand zones. This view will become inactive if it breaches the mentioned levels. Ichimoku Cloud: Bank Nifty is trading below the Tenkan-Sen (TS) and Kijun-Sen (KS) in the 1-hour time frame and is standing at the cloud bottom support. If it moves below the cloud, it will turn completely bearish. If the mentioned inactive level breaks, the price will come out of TS and KS, resuming its uptrend. Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions and for education purpose only. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYShort
by WaveMoku
Bank Nifty Short Trade with small SLWhy Shorting Bank Nifty? Initially we expected Bank Nifty to touch 53500 but wave 5th failed by 150 points. High made 53357. Bank Nifty is entered downtrend by breaking IChimoku TS KS in 1hour and price action levels. CMP: 52641 Entry: 52600 Stop Loss: 52985 Target: 51675 Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:BANKNIFTYShort
by WaveMoku
2
APLLTD [pitchfan tool]APLLTD ... pitchfan trading :- first time i share this tool i use in my technical study purpose . The chart has several green and yellow circles highlighting significant zones. These typically represent areas of interest, such as support, resistance, or breakout points. show potential support and resistance levels. They suggest the market could reverse its direction or experience a significant price movement along these lines. Price Targets: 1st Target (1st TRG): The first target is marked at a certain price level, indicating the initial expected profit-taking point. 2nd Target (2st TRG): The second target is marked higher, suggesting a further price movement upward if the first target is achieved. Stop-Loss: Place your stop-loss below the breakout level or the recent support (green circle). This minimizes potential losses if the trend reverses. Support and Resistance: Monitor the pitchfan lines. If the price respects these lines and reverses or consolidates around them, these could serve as potential entry or exit points. Based on the my technical study , the ideal swing trading would be to enter near the breakout point, aim for the first target, and then the second target if the momentum continues. Always ensure to use proper risk management with a stop-loss below the recent support or breakout level. for MORE check in my Tv-id " in.tradingview.com " If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its. "Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible. Before taking any trade on our charts / calls, please consult your financial advisors. Thanks🙏↗️
NSE:APLLTDLong
by asAMOLSUTAR
Strong Wave 5th is happening! -Nifty Wave Analysis in DTFWhere are we standing according to Elliott Wave in Nifty? Wave Counting: The impulse that started after the COVID crash is almost near it's completion. Currently, we are in Wave 5th of the bigger Wave 5th. Wave 3rd completed in October 2021. Wave 4 (truncated) completed in March 2023. The Wave 5th started in March 2023 , and we are in the sub-waves of this final wave. This wave can extend since Wave 3 of Wave 5 was truncated (failed to reach 161.8%). The targets for Wave 5 of Wave 5 can be: 23897 (127% - minimum) 24608 (161.8%) 25394 (200%) 261.8% (maximum) - rare case Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYLong
by WaveMoku
1
JSW STEEL 1HThe chart shows a few support and resistance levels. There is a key support level at 894 INR. The stock has shown a tendency to rebound off this level. The key resistance level is near 917.50. The stock has pulled back from the 61.8% Fibonacci retracement level and is currently trading near the 50% Fibonacci retracement level. This could be a good time to enter above 895 a long position, as the stock has shown some strength in recent days. ****Keep in mind that this is just technical analysis, and it doesn't guarantee future price movements. Always do your own research before making any investment decisions.
NSE:JSWSTEELLong
by vinitsugandh
Angel One - Educational Post- Best to wait and let it settleHow to find Support /Resistance of a stock when the stock tanks From the tool bar, draw Fibonnaci retracement at the All time high candle and draw it down to the next few available support levels. As you draw, the retracement lines should touch on the underlying Horizontal Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, etc.) In this example, the Stock highest candle was 3815, while 1940 was the multi year base where the stock had a breakout. As a investor looking to enter in to the stock, would be looking for a entry point, and through fibonacci retracement one can watch out whether the stock bounces from the support/resistance line. I have been tracking this stock and the stock now looks to be taking support again back to the earlier base i.e. 1940 levels. The other reason to use this stock as reference is because other stocks from the industry has reported excellent numbers and we all are looking for a good entry point for better risk/reward. I would recommend safe entry above 2058 one it touches 1940. Disclaimer : Fibonacci retracements are a tool, not a guarantee. Use them in conjunction with other analysis methods.
Editors' picks
NSE:ANGELONE
by jain_geetesh
7
Finnifty weekly expiry and Budget day intraday levels (23/07/24)Tomorrow it the budget day and the markets today closed in a neutral scenario, forming doji on the daily charts. Option premiums are inflated and the VIX closed gaining 4%. On 15 minutes time frame, the market has given a lower low formation and retraced back to 61.8% fib levels. If the market starts trading below 23500, good crack down can be seen upto 23410 and can travel to hit lower support zone around 23320. In case of a break out of today's high (23720), bulish trade can be entered with a strict stop loss and target of 23840. Major support zone :- 23590, 23410, 23320 Resistance levels :- 23720, 23840 Wait for the price action and a good momentum for buying the options, as there will be a good time decay in the premiums.
NSE:CNXFINANCE
by Mambotrade
BANKNIFTY FOR 22 jul#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:BANKNIFTY
by MISSION_TRADING
BANKNIFTY FOR 18 Jul#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade) NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis. Please Give A Like If You Like
NSE:BANKNIFTY
by MISSION_TRADING
Nifty Trade Setup: Wave 4th Selling Opportunity, 1:7 RR Nifty Wave Analysis: July 18th 2024 Nifty is going up in extension after the June 4th crash. It clearly looks like Wave 3, and Wave 4 is about to begin. Short Entry : 24587 Stop Loss : 24680 Expected Destinations: 23862 (23.6%) 23370 (38.2%) And max 50% Wave 4 could be a sharp correction, but we can't ignore the possibility of a time-wise correction. Therefore, selling monthly CE with a hedge is safer or Short Nifty Future. Disclaimer: This is for educational purposes only and not for trading. Please do your own analysis before making any decisions.
NSE:NIFTYShort
by WaveMoku
spal break all records of returns for his long term investors SPAL is perfect example of follow technical parameters. That share holds pure trend line breakout holds W pattern and holds life time triple top monthly breakout and above to that holds strong support zone + flag pattern breakout which show that 680 share price DOUBLE his share price in next 3 to 5 month almost 1200 and my target for that share 2200 in next 2 year technical points 1- Flag pattern breakout 2- follow trend line breakout 3- triple top breakout on monthly and that is also his support zone TRG 1st TRG - 800 2nd TRG 1200 FINAL TRG 2200 almost 4 times of his current value in next 2 year may be he will achieved his TRG very early according to my time frame STOP LOSS 498
NSE:SPALLong
by Share-Mechanic
BBTC Cross his supply zone and convert a profitable share In this budget govt take some big decision about the seeds and agriculture share and that chart technical parameter and chart show big upside move will came any time and reached his life time high and given almost double return from the time frame of next 6 month to 1 year time frame Technical point 1- Weekly triple top 2- Monthly double top 3 - Near his supply zone 4 - proper follow fab. point 5- cup and handle on number of time frame BBTC TRG FIRST TRG - 2115 & 2200 SECOND TRG - 2800 FINAL TRG - 4000 STOP LOSS - 1480 after 4000 if that split than new TRG will open for next level
NSE:BBTCLong
by Share-Mechanic