Trading in a Bullish Channel
Took Support exactly near Fibonacci Retracement Level.
Trading in a channel.
Low Red Volume.
Fibonacci
Strong Wave 5th is happening! -Nifty Wave Analysis in DTFWhere are we standing according to Elliott Wave in Nifty?
Wave Counting:
The impulse that started after the COVID crash is almost near it's completion.
Currently, we are in Wave 5th of the bigger Wave 5th.
Wave 3rd completed in October 2021.
Wave 4 (truncated) completed in March 2023.
The Wave 5th started in March 2023 , and we are in the sub-waves of this final wave. This wave can extend since Wave 3 of Wave 5 was truncated (failed to reach 161.8%).
The targets for Wave 5 of Wave 5 can be:
23897 (127% - minimum)
24608 (161.8%)
25394 (200%)
261.8% (maximum) - rare case
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
JSW STEEL 1HThe chart shows a few support and resistance levels. There is a key support level at 894 INR. The stock has shown a tendency to rebound off this level. The key resistance level is near 917.50.
The stock has pulled back from the 61.8% Fibonacci retracement level and is currently trading near the 50% Fibonacci retracement level. This could be a good time to enter above 895 a long position, as the stock has shown some strength in recent days.
****Keep in mind that this is just technical analysis, and it doesn't guarantee future price movements. Always do your own research before making any investment decisions.
Angel One - Educational Post- Best to wait and let it settleHow to find Support /Resistance of a stock when the stock tanks
From the tool bar, draw Fibonnaci retracement at the All time high candle and draw it down to the next few available support levels.
As you draw, the retracement lines should touch on the underlying Horizontal Fibonacci levels (23.6%, 38.2%, 50%, 61.8%, etc.)
In this example, the Stock highest candle was 3815, while 1940 was the multi year base where the stock had a breakout. As a investor looking to enter in to the stock, would be looking for a entry point, and through fibonacci retracement one can watch out whether the stock bounces from the support/resistance line.
I have been tracking this stock and the stock now looks to be taking support again back to the earlier base i.e. 1940 levels.
The other reason to use this stock as reference is because other stocks from the industry has reported excellent numbers and we all are looking for a good entry point for better risk/reward.
I would recommend safe entry above 2058 one it touches 1940.
Disclaimer : Fibonacci retracements are a tool, not a guarantee.
Use them in conjunction with other analysis methods.
Nifty may test 24350 soon.Nifty form Bearish candle on daily chart, It may correct up to 24350 level, so short on any bounce below 24650.
Godrej property Price Action.Godrej Prop form Cup and Handle pattern. It was given Break out of neck line 2550. As per chart it may test 4000 soon
Finnifty weekly expiry and Budget day intraday levels (23/07/24)Tomorrow it the budget day and the markets today closed in a neutral scenario, forming doji on the daily charts.
Option premiums are inflated and the VIX closed gaining 4%.
On 15 minutes time frame, the market has given a lower low formation and retraced back to 61.8% fib levels.
If the market starts trading below 23500, good crack down can be seen upto 23410 and can travel to hit lower support zone around 23320.
In case of a break out of today's high (23720), bulish trade can be entered with a strict stop loss and target of 23840.
Major support zone :- 23590, 23410, 23320
Resistance levels :- 23720, 23840
Wait for the price action and a good momentum for buying the options, as there will be a good time decay in the premiums.
BANKNIFTY FOR 22 jul#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
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ETH rise foreverMy advanced fibo technical analysis says that It has 6100 easy target in sometime. Then It can take bit of a break and then rise other levels. My ultimate target for Etherium is unbelievably 10k in coming time. It's currently undervalues. If BTC touch 100k mark this can easily double triple in no time.
Follow the targets given in the chart.
Solana steady moveSolana showing steady move and weekly breakout as per the fibo retracements. First resistance of the fibo bottom has bin decisively broken. It's ready to take the next levels.
PGHH - Weekly AnalysisIn the Weekly Chart of PGHH ,
we can see that; after applying FIBO, it is reselected the 17000 level.
Take a small trade by entering at 17000 with SL as 16700 as SL and target as 19200.
Expected move is shown in chart.
Carborundum-A quick breakout swing tradeLogic:Breakout retest done and fresh flag breakout of consolidation
Targets are based on Fibonacci retracements.
Company has strong fundamentals. Good stock to invest on dips as well.
Idea is shared as a swing trade for educational purposes. It will help you understand power of flag breakout and continuation patterns.
One Point One Solutions Ltd Breakout Breakout and Retest
Fundamentally strong
Promoters holding increasing
FII holding increasing
BANKNIFTY FOR 18 Jul#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
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Nifty Trade Setup: Wave 4th Selling Opportunity, 1:7 RR Nifty Wave Analysis: July 18th 2024
Nifty is going up in extension after the June 4th crash. It clearly looks like Wave 3, and Wave 4 is about to begin.
Short Entry : 24587
Stop Loss : 24680
Expected Destinations:
23862 (23.6%)
23370 (38.2%)
And max 50%
Wave 4 could be a sharp correction, but we can't ignore the possibility of a time-wise correction. Therefore, selling monthly CE with a hedge is safer or Short Nifty Future.
Disclaimer: This is for educational purposes only and not for trading. Please do your own analysis before making any decisions.
XAU/USD todat market going down so guys take eyes on this Let see market make correction and its too high and definet market touch low today so let see what happen today on chart my idea take short today .
spal break all records of returns for his long term investors SPAL is perfect example of follow technical parameters. That share holds pure trend line breakout holds W pattern and holds life time triple top monthly breakout and above to that holds strong support zone + flag pattern breakout which show that 680 share price
DOUBLE his share price in next 3 to 5 month almost 1200 and my target for that share 2200 in next 2 year
technical points
1- Flag pattern breakout
2- follow trend line breakout
3- triple top breakout on monthly and that is also his support zone
TRG
1st TRG - 800
2nd TRG 1200
FINAL TRG 2200 almost 4 times of his current value in next 2 year may be he will achieved his TRG very early according to my time frame
STOP LOSS 498
BBTC Cross his supply zone and convert a profitable share In this budget govt take some big decision about the seeds and agriculture share and that chart technical parameter and chart show big upside move will came any time and reached his life time high and given almost double return from the time frame of next 6 month to 1 year time frame
Technical point
1- Weekly triple top
2- Monthly double top
3 - Near his supply zone
4 - proper follow fab. point
5- cup and handle on number of time frame
BBTC TRG
FIRST TRG - 2115 & 2200
SECOND TRG - 2800
FINAL TRG - 4000
STOP LOSS - 1480
after 4000 if that split than new TRG will open for next level
BTTCDear Investors,
Excited to bring to your attention a potential buying opportunity in the BTTC/USDT market. Currently, the stock has retraced back to key support levels around 0.00000087 USDT. This price level corresponds to the 70.5% Fibonacci retracement level, a historically significant zone that often marks a strong foundation for future price increases.
In the past, we have observed that when the price of BTTC/USDT reaches these levels, it tends to rebound with considerable strength. The chart indicates that after touching similar retracement points, the stock has shown remarkable bullish momentum, leading to significant returns. This historical pattern suggests that the current levels could once again act as a springboard for potential gains.
Here are some key Fibonacci levels to watch:
- 0.00000087 USDT at the 70.5% Fibonacci retracement level
- 0.00000084 USDT at the 79.0% Fibonacci retracement level
- Resistance Levels: 0.00000110 USDT at the 61.8% Fibonacci retracement level, and higher levels such as 0.00000130 USDT at the 50.0% Fibonacci retracement level
Given these factors, we believe this is a prime time to consider adding BTTC/USDT to your portfolio. The market conditions are favorable, and the stock is trading at a critical support level that has previously proven to be a robust entry point for long-term investors.
However, it is crucial to approach this with a strategic mindset. While historical data and technical analysis provide valuable insights, the cryptocurrency market is inherently volatile. Therefore, it is advisable to conduct your own research, evaluate your risk tolerance, and consult with a financial advisor if necessary.
This analysis is intended solely for educational purposes. Investing in cryptocurrencies involves risk, and it is important to make informed decisions. We aim to provide you with the tools and knowledge to navigate these opportunities effectively.
Happy investing!
POLYCAB - Ready for UptrendA beautiful Gap-Down has been created in the chart signifying a possibility for the market to move in an upward direction soon by the end of this week.
We can be bullish on it and hold on to our first target of about 9400-9457.
I am not SEBI Registered. Do your analysis before investing your hard-earned money.
My idea is to go long on this share.
MRF - BOOMBUY MRF NOW - It will catch up a rally and make a bold move of Rs. 70K in a few months.
I am not SEBI registered. Analyze and invest.
I would suggest a strong BUY.
ULTRACEMCO - ELLIOT WAVE 5 IN MAKINGHi All,
This idea is about Ultratech Cement
Mkt Cap - 3L Cr
ROE - 12%
ROCE 15.3%
P/BV - 5.56
MktCap/Sales - 4.7
FCF - 2k Cr
Technicals
Price action being published is on a 1 hour TF. As can be seen by the pattern, Elliot waves are in motion. Wave 1 was an impulsive wave followed by Correction wave (Wave 2).
Ideally Wave 2 should correct to 50-60% as per Elliot theory & that is what happened during Wave 2 formation.
Wave 4 corrected again by 30% and point 4 above point 1 which all points to the validation of Elliot theory.
Wave 5 is about to commence which is as per the theory strongest impulse wave.
Cement Sector as a whole is doing well due to boost in infra sector.
Happy Trading,
Thanks,
Stock-n-Shine
KPIL KPIL
High Risky Stock is 3.06x as volatile as Nifty
News
Mumbai | Thursday, 11 July 2024: Kalpataru Projects International Limited (KPIL), one of the largest
Engineering & Construction companies listed in India along with its Joint Ventures (JVs) and international
subsidiaries have secured new orders/notification of awards of ₹ 2,995 Crores.
The details of the aforesaid new orders are as follows:
• Orders in the Transmission & Distribution (T&D) business in overseas markets
• EPC Order in the Water business in JV
• B&F orders in India
Company has been maintaining a healthy dividend payout of 23.1%
Technically study "bullish" look into chart say...
some reasons
1) "W" patterns
2) well support of "fibo"
3) Elliott correction wave (ABC ) that main in this
4 ) news
5) all time high with volume spike .
targets are already opens with SL .
for MORE check in my Tv-id " in.tradingview.com "
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
