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Fibonacci

Classical example of Elliott waveClassical example of Elliott wave. Wave 2 retraced to 61.8% forming Flat correction. Wave 3 extended to 161.8% forming a normal or trending impulse. Then wave 4 retraced to 23.6% in Zig-zag form. (This fulfilled the Rule of Alternation) Wave 5 retraced exactly to its minimum target of 127% retracement. Where cluster of 200% extension was also there. Wave 5 formed in typical Ending diagonal format. Here bigger wave 1 completed. Now fall will come in NUVAMA forming bigger wave 2.
NSE:NUVAMAEducation
by theprofityogi
9
61.8% Fib bullish reversal with Volumes on WeeklyNSE:HINDZINC The stock started a bullish reversal from its 0.618 Fibonacci retracement level. RSI is also supportive. A sustained move beyond 546 would lead to a strong up move shortly. Above the 546 level trade will activate with a target of 680 and StopLoss 475 Check out my other stock ideas below until this trade gets activated, I would love your feedback. Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:HINDZINCLong
by Karanshah137
Bikaji food higher high patternBikaji foods good pattern building up. Gradually consolidation weeks decreasing means higher demand in stock. constant making higher highs. Diwali approaching this will be a hot cake. According to trend based fibo extension. Upside levels are clear. It will only become weak below 840 now. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:BIKAJILong
by ashishhc
TATA MOTORS 1DKey Levels: Order Block (OB): ₹980 to ₹1,011 This is the zone where buyers previously stepped in and the price has reversed from it. It serves as a demand zone or a strong support area. Liquidity Zone: Below the OB, liquidity was grabbed, suggesting that weak hands might have exited, and stronger players have entered. Resistance/Target: ₹1,141.75 This is the target drawn on the chart, likely based on previous highs. Current Price: ₹992.10 Observations: Bullish Structure: Price has bounced from the OB and the liquidity grab zone, indicating a potential bullish reversal. The bounce suggests that institutional buying may have occurred. Break of Structure (BOS): If the price clears ₹1,011 (the top of the OB zone), it would confirm a bullish break and increase the likelihood of an upward continuation toward the ₹1,141 target. Upside Potential: The marked target of ₹1,141.75 offers an upside potential of approximately 16.6% from the current price level. Swing Trade Setup: Entry: Aggressive Entry: Around current levels (₹990–₹1,000), given the bounce from the liquidity zone. Conservative Entry: Upon the price breaking and holding above ₹1,011 (the top of the OB), indicating more confirmation of bullish momentum. Targets: First Target: ₹1,060 (interim resistance level). Final Target: ₹1,141.75 (as per your chart's target level). Stop-Loss: Below ₹980 (to avoid being caught in another liquidity sweep). Ideal stop-loss could be placed around ₹970 for a safer risk management setup. Risk-to-Reward Ratio: If entering at ₹1,000 with a stop-loss at ₹970 and a target of ₹1,141.75, the Risk-to-Reward would be approximately 1:5, which is a favorable trade setup. Strategy: Hold Position: If the price consolidates within the OB zone, hold as long as it stays above ₹980. Exit or Reassess: If the price drops below ₹970, consider exiting the position to limit losses. This setup presents a strong opportunity, with good risk management and high potential for gains.
NSE:TATAMOTORSLong
by vinitsugandh