Sarda Energy could advance if it revisits the 4-hour bulls order block and retracement level. Should it rebound from the 4-hour bulls order block, we may view it as a chance to consider buying.
Nifty looking very weaker than aspects, every bounce is super selling opportunity Minimum correction till 21150 Till next week🤫
Today is very critical day for indian equity markets If our closed is not above 44800 then clear cut confirmed that now we again slides to 43k minimum Please shere my views
Chart analysis: Pattern: Symmetric triangle pattern BO happened and re-testing of BO is happening. Breakout: BO of 1.5 years trend line and support is taken at 0.618 which is Golden Ratio . Volume: Volume action is clearly visible near breakout zone. Trade setup: Entry price: Close of 1400 price break candle. Stop loss: Below 1320. Target 1: ...
💎 DOT has found support within the support zone marked by the 0.618 Fibonacci level and has broken out of a descending channel pattern, forming a W pattern supported by the 200 EMA. Additionally, the price is displaying a Break Of Structure(BOS), further increasing the likelihood of bullish momentum. 💎If the price manages to break above the first resistance area,...
📊 NSE:PSPPROJECT - Technical Analysis - February 4, 2024, 14:18 IST 🚧 Company Overview: 🏗 PSP Projects Limited is a prominent player in the construction sector, providing comprehensive services from planning and design to post-construction activities across industrial, institutional, government, and residential projects. The company caters to both private...
Wipro successfully breaks out of its accumulation phase, which lasted from June 2022 to December 2023, and shows a strong retracement to the Fibonacci level of 61.80%. A clear target is now in sight, and the momentum continues.
Two Entries possible in SOLUSD at 0.71 and 0.79 level of fibonaaci as Break of Structure has happened and and a fair value gap confluences with the fib levels, can take target till 0 level of the fib and SL at level 1 of the fib.
NIFTY is not very indicative for now, we saw a huge fall today specially in Banknifty, while NIFTY held out good despite the Liquidity Void it had from 31 Jan rally. Now OI is -ve for both of the instruments, we shall see the price action on these levels. I am a little bit biased towards bullish movement but yes after a bear trap or consolidation. Let's see what...
FINNIFTY is at its crucial bottom. If it breaks it tomorrow then we will wait for the most likely see the bear trap on which we we will enter for long positions and if it breakdown the bottom and comes to retest then we will enter short positions after seeing some confirming bearish candles. Seeing OI Data, Market looks mildly bearish. We will make our positions...
As predicted in our previous forecast, the Nifty index exceeded 21,620 and found strong support within the 21,300 to 21,200 range
Nifty next up move will come when it close above 22150 on monthly chart. Empirically, in General election year, Nifty has a tendency to bottom out in Feb-March, followed by minimum 12-16% rally towards General election outcome in each of seven instances over past three decades. As per chart nifty may be bottom out near levels 21120-20850 in upcoming days. So, buy...
USD/JPY Technical Out look. Both buy/sell opportunity on UJ we are looking for price to give us either buy or sell opportunity this week on UJ. SELLERS- if get price back into to 146.05 area we can see a possible retest back into 146.99 before we see price head lower on UJ. BUYERS- once price retest and hold above 147.05 we can see buyer take price higher...
Confirmations:- 1] bullish trend 2] break of structure 3] fair value gap entry 4] Fibonacci 50% Target confirmations:- 1] swing high
Go Long above 46.8 for Targets of 52.7, 55.65 and 58.6 with SL 43.85 Reasons to go Long: 1. On a daily timeframe the stock gave Trendline breakout. 2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 3. Also a bullish candlestick pattern Bullish...
ITC is currently trading within the support range of 412 - 406, which was established on April 23rd and has been retested. This range presents a potential buy or accumulation opportunity. In case of a break, consider buying at lower levels, such as 392 and 362, based on the Fibonacci retracement level at 50%.
📊 NSE:MOLDTECH Technical Analysis - February 2, 2024 🏭 Company Overview: 🔍 Mould Tech Technologies specializes in providing comprehensive engineering solutions, including structural engineering, mechanical engineering, and IT services. The company's expertise in delivering high-quality services positions it as a key player in the engineering sector. ...
Buy on CMP - 1385 Sloplose - Weekly closing below 1350 Target 1- 1610 Target 2- 1900