📊 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
Day chart I figured out Golden Ratio Zone in range 0.33 - 0.41 and this zone is supported by Fibo Channel so that make a confluence around here to support for the main trend Besides, I see the support around 0.49 but I think this support isn't strong Time will tell
Grindwell norton making Cup & Handle pattern. Look at the false breakout. Long upper shadow signifies selling pressure. It's either good to wait for weekly close or have SL at breakout level. False breakout then retraced to 61.8 fib retracement and took support. Also, it was long term trendline support. Plus look at the long lower shadow which signifies strong...
Looks like Policy Bazar will try to test the following targets, lets see if this happens Target1: 833 Target2: 940
Looks like Dr Reddys will try to test the following targets Target1 : 5625 Target2: 6205