an head and shoulder pattern has been formed and now it has took retracement at fib levels. we can also find a AB=CD harmonic pattern so , expecting a bearish rally
Nifty has taken resistance today at 61.8% retracement level Going forward important support and resistance level for Nifty Resistance: 17320 / 17440 / 17620 / 17735 Support: 17051 / 16960 / 16820 / 16705 Suggested trading strategy Given the set up, One may consider selling Nifty 31 Mar expiry 17700 Call option and 16700 Put option...
Stock: BAJFINANCE Timeframe:1 Month Candle: Bullish Hammer Chart Pattern: Piercing Fibo: 0.23 levels support, Retracement from bottom, and increase of volume Trade Suggestion: Opt bullish trade Expected Targets: 8000/9000 Stop Loss: 6000 Protio: Buy 7000 CE @335 Target@500/550/600 SL@200 Holding Time: 1 month For educational purposes only!!
Multiple confluence found which indicates break in nifty rally and possible reversal. 1. 90% fib retracement level found at 17600 in 4th wave which can act as major resistance from 10feb swing high. 2. 17600 is the level conferencing with divergence trend line which is a psychological round number. 3. Divergence is found on 15 min timeframe. look at RSI even...
*Read This Report carefully to get an accurate entry level for buyers.* Devyani International has created an all-time high of 198.90. Price faced supply pressure that bulls couldn't hold their power, and it has started correcting for upcoming impulsive structure. After counting the wave, we can name this correction 4th corrective wave, and the all-time high...
Key Level: 730 POKRANA has completed corrective wave ((4)), and price surged for impulsive wave ((5)). If the price breaks the corrective wave b, traders can expect the following levels for impending impulse thrust: TP 1: 752 TP 2: 770 TP 3: 800+
Nifty is in complex correction going upwards from 15671 low which is called as wxyz correction. From low of 17006 nifty started final wave Z of which A and B looks completed today near 17199. Tomorrow it should start fresh up move after breaking 17308 immediate move is expected towards 17500. Z wave should end near 17800. Conditional entry above 17308 with...
Break out done targers are on the chart (green lines) Watch the resistance levels. Good luck.
NIIT has closed strongly at all time high levels. Respected multiple fibonacci retracement levels after initial rally from 280 to 500 price levels. Today crossed resistance zone of ATH and closed above it. Good for intraday above 522. Also good for swing if sustains above 500 zone. Chart pattern and levels mentioned in chart. Follow strict risk management.
With use of Fibonacci we can Track every move of Nifty
Today COAL India created Spinning top candle, which show the indecision in markets, if price broke above today's high we will be looking for buy at retest or respective demand zone, if price brokes below today's low then we can expect Sells until it fill the Gaps. Look for Lower time frame break of structures before taking any trades
DELTACORP | Simple channel breakout - Looks potential for 15-20% CMP : 305 SL : 290 Target : 348, 370 1:4+ risk reward setup for 2nd target. First target is calculated based on Fib This stock is my fav, have given good wealth to us in the part. Reference charts attached in the post.
Inverted hammer at Resistance which was previously a Support. Inverted Hammer at Monthly High. Fibonacci 38.2% level rejection. Entry - Below low of candle. Sl - Above High of Candle Target - 1:1
Nifty is forming a cluster of both a supply zone and Fibonacci retracement level from 17320.20 to 17408.45. Nifty rejected cluster and close below that level on the Last trading day. But if you look at the trend line, Nifty has broken the bearish trend. So it is difficult to know whether the market will respond to the cluster or break out of the trendline. That's...
Reliance Industries has been consolidating since few months it has given fresh breakout from resistance trend line. Stock may r may not consolidate here for few days. Any upward momentum from here can give initial target of ATH, second target of 3100 and may be more than that. NSE:RELIANCE
Nifty is expected to first drop as X wave then Z wave going to take it Up. Downside expecting towards 17150 to 17050 which 0.382 fibonacci level of Y wave. Z wave expected to end between 17800-18000 levels DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the personal views of my...