fib 0,5 target wiill hit easily. Do not forget to set your stop loss order. Good luck.
If 635.50 is not breached on monthly basis then the upside potential targets are 1010, 1179, and 1290
This is 13th month for hindcopper in this downturn. I'll be keenly watching now as downturn seems to be getting over.
NSE:NIFTY In the longer time frame of Nifty, i view above pattern formation. Currently we are on final Leg of Corrective C wave, Considering C wave as Impulsive & 5 wave pattern, we can consider as per the shared chart. As a beginner i have tried to share my best learnt, i would request professional's to ignore any wrong in view. After #nifty50's Doji formation...
Important Trend Lines ....... WITH Supply AND Demand Zones.....
NSE:MINDTREE 200D EMA on weekly time frame support with fib. 0.618 great time to buy at the support level, keep on track. MINDTREE Buy on dips. Thanks...
NSE:DELTACORP On the weekly time frame price is floating on great Fib. golden zone keep monitor any bullish sign then go for a long. Thanks...
Dow jones short idea. It may test 29585 soon. It break trend line support and sustain below this, so it may test 200 sma near 29585.
so BTC followed the projected path! there seems to be one more small push down before some relief is seen. the relief could be a wave (iv) in blue or alternatively a bigger bounce (which remains to be seen that its a bullish reversal or a wave 2 rally only to fail and continue the decline down later). Trade safe!
Setup Contains: 1. Bullish to Bearish market Shift 2. Return To Orderblock 3. Fibonacci Retracement 79% FOLLOW PAFX & TRADE LIKE BANKS 💸
Today nasdaq has broken previous support, if I'm not wrong it will get support near 9700 level
Nifty on weekly time frame still not touch the 38.2% FIB level. Possibility it will touch then pull back but this pull back will not be good as per technical Price action analysis until it hit 50% fib level.
it looks like tatamotors might test 640 this year based on the trend and fibonacci levels
Looks like Nasdaq corrections over, we can expect a big rally in IT stocks
DJI gives a potential dowside target of 29850 unless the top of 2022 is not broken.
If we close below 1212.80 level on daily basis, then the possibility of testing 1060 and breaking that will lead to test 915.70 levels. To understand or use the Fibonacci indicator try this link below
#DowJones : 38.2% retracement 29600 (pre Covid high) can be Bo retest Trendline Support so this can be important zone 30000-29500 @thekalal
I have used weekly chart of Deepak nitrite to find the THREE DRIVE pattern. As per the analysis 1462 is the strongest demand zone as the price action + prz convergence is happening there. This is a very attractive price.