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Fibonacci

MCX: A Higher-Degree Correction Begins After Wave 5 TopThe rally in MCX reached its climax at 9115, which now marks the completion of a full 5-wave impulse sequence. Wave 5 stretched to 1.618x of Wave 1 and was accompanied by RSI divergence, a classic signal of exhaustion. This makes the top at 9115 significant, not just as an all-time high, but as the end of a higher-degree cycle. From here, the market is unfolding into a higher-degree corrective phase. The immediate decline from the top appears corrective in nature, with an incomplete Wave B still in progress. While a triangle remains a possibility, the structure currently favors a simple ABC zigzag, implying that a C-leg down may follow. The important level to watch is 7048.60, the previous ATH. Price should ideally hold above this zone to preserve the broader impulsive character of the rally. A sustained move below it would weaken the bullish outlook and raise the risk of a deeper correction. At the same time, 9115 now serves as the bearish invalidation level. If price were to break above this peak, it would negate the current corrective view and open the possibility of a new bullish sequence unfolding. In summary, the long-term uptrend has reached a natural pause. The near-term focus will be on how the correction develops — whether 7048.60 can provide support or whether the corrective leg extends deeper, with 9115 acting as the critical line in the sand for bearish continuation. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:MCXShort
by WaveXplorer
Positional or Long Term Opportunity in Minda CorpGo Long @ 500.55 for Targets of 539.1, 577.65, and 616.2 with SL 462 Reasons to go Long : 1. On Weekly timeframe If we draw Fibonacci retracement from the recent swing low (A) to the swing high (B) then the stock took support from the 0.5 Fibonacci level. 2. In addition to this, the stock formed a Bullish Engulfing Pattern (marked with a orange color) around 0.382 Fibonacci level. 3. Also there is a strong demand zone from which the stock took support.
NSE:MINDACORPLong
by Nimish_Ghagare
Gold after FOMC: Just a pullback or the start of a new wave?[Background After the early morning FOMC session , Gold is showing signs of a sell-side pullback to gain momentum. On higher timeframes (H4–D1), the structure remains bearish with lower highs . However, consistent buying pressure around 3320 – 3330 keeps this zone as the key battlefield . 🪙 Key Levels Today 🔹 Storm Breaker 🌊 (Sell Zone 3357 – 3355) SL: 3362 TP: 3350 → 3345 → 3340 → 33xx 🔹 Tidal Rebound 🌊⚡ (Sell Scalp 3349 – 3347) SL: 3353 TP: 3345 → 3340 → 3335 → 33xx 🔹 Quick Boarding 🚤 (Buy Scalp 3330 – 3328) SL: 3322 TP: 3335 → 3337 → 3339 → 3341 🔹 Golden Harbor 🏝️ (Buy Zone 3320) SL: 3313 TP: 3325 → 3330 → extend further 📌 Trading Scenarios After FOMC, the market may show rebound waves . During Asia–Europe, price may consolidate between 3345 – 3357 . If price tests Storm Breaker 🌊 → Prioritise Sell setups in line with the main bearish trend. If price drops to Quick Boarding 🚤 or Golden Harbor 🏝️ → Short-term Buy scalps on pullback moves. 📰 Market Context FED remains dovish leaning , with high probability of a rate cut in September (~82%, CME FedWatch) . Geopolitical variables (Trump–Putin, Ukraine) remain unpredictable and may spark sudden volatility. ⚓ Captain’s Note "Let Storm Breaker 🌊 test the buyers’ strength. Those who board at Golden Harbor 🏝️ will be lifted by the waves, but those who drift into the storm will soon feel the sea’s fury."
OANDA:XAUUSDLong
by CaptainVincent
VEDANTA Swing Trade with 1:3 RR (Long)Sellers failed to take price below the demand zone and a clear Change of Character (market structure shift) happened that shows buyers have taken control of the price of Vedanta. So if Nifty and Metal sector are not bearish in coming sessions, then it is high probability that Vedanta will touch Rs 475. Don't use hard SL. Manage position sizing as it is a high probability setup. Connect with me if you have any questions. I am happy to help. ChoCh - Change of Character Sw or Sweep - Liquidity Sweep BoS - Break of Structure
NSE:VEDLLong
by gauravxtrades
Trailing Stops: Protect Profits & Ride the Trend with Discipline🔹 Intro / Overview Managing a position after entry is just as important as identifying the entry itself. Here, we are specifically discussing trailing stops using Fibonacci retracements . A well-structured trailing stop helps traders: ✅ Lock in profits 🛡️ Reduce risk 📊 Stay objective in the face of market noise This idea shows how trailing stops can be applied in a structured way to complement Fibonacci retracements and trend management. 📖 Concept 📍 A trailing stop is a dynamic stop-loss that adjusts as price moves in your favor. 🔄 Instead of staying fixed, it “trails” price at a chosen distance — capturing more upside while capping downside. 🧩 Traders often trail stops using swing lows/highs, moving averages, or volatility measures like ATR . 📊 Chart Explanation (Step-by-Step) 1️⃣ Entry Criteria ✅ Successive closes above 78.6% confirm the long entry. 2️⃣ Stop Loss (SL) 📉 Placed at the previous swing low for structure-based protection. ⏩ SL adjustments move forward only with trailing rules — never backward. 3️⃣ Trailing Levels 👉 SL always trails two levels below the current trail level if the candle closes above it. 📈 Trail 1: 123.60% → SL moves to 78.60% 📈 Trail 2: 150.00% → SL moves to 100.00% 📈 Trail 3: 178.60% → SL moves to 123.60% 📈 Trail 4: 200.00% → SL moves to 150.00% 📈 Trail 5: 223.60% → SL moves to 178.60% 📈 Trail 6: 250.00% → SL moves to 200.00% 📈 Trail 7: 278.60% → SL moves to 223.60% 📈 Trail 8: 300.00% → SL moves to 250.00% 4️⃣ Target Points 🎯 At Target 1 , book one lot to secure profits. 📊 Remaining positions can be trailed further with the next levels. 5️⃣ Projected Path 🔍 Dotted blue/red projections illustrate potential movement under this trailing system. 🔍 Observations 📌 Objective Entry : Requires successive closes above 78.6%, reducing false signals. 🎯 Partial Profit Booking : Taking one lot off at Target 1 ensures realized gains. 🔄 Two-Level Trailing : Locks in profits while leaving room for trend continuation. 📊 Rule-Based Framework : Clear Fibonacci-based progression keeps decisions mechanical and consistent. ✨ Why It Matters ✔ Prevents turning winning trades into losers. ✔ Builds confidence by removing emotions from exit decisions. ✔ Lets profits run while maintaining protection. ✅ Conclusion Trailing stops are not about perfection — they’re about discipline . By systematically adjusting stops as the market moves, traders: 🛡️ Protect capital 🚀 Let profits run 🤝 Remove emotions from decision-making When combined with Fibonacci retracements , trailing stops provide a structured framework to manage trades effectively after entry. ⚠️ Disclaimer : For educational purposes only · Not SEBI registered · Not a buy/sell recommendation · No investment advice — purely a learning resource
NSE:NIFTYEducation
by MarketAlgoBot
GOLD PLAN – Captain Vincent🏴‍☠️ GOLD PLAN – Captain Vincent ⚓ Background After the Nonfarm payrolls, Gold created a Captain’s Liquidity Void (large imbalance zone). Price has now almost completely filled this gap. On higher timeframes, Gold still maintains a Lower High – Lower Low structure, confirming that sellers remain in control . However, during the Asian & European sessions, we usually see technical pullbacks to collect liquidity – those moves will be our chance to enter in line with the main direction. 📍 Key Levels for Today 🔹 Captain’s Trap Zone (3330 – 3332) Confluence of Fibo 0.5 – 0.618 and trendline breakout. Main SELL setup at this zone. SL: 3336 – 3338 TP: 3325 → 3320 → 3315 → 33xx 🔹 Captain’s Quick Shot (3313) Nonfarm breakout zone , heavy SELL volume. Suitable for short BUY scalp if price reacts strongly. SL: 3308 TP: 3318 → 3322 → 3326 🔹 Captain’s Safe Harbor (3300 – 3302) Start of previous bullish leg, strongest support of the day . If Quick Shot breaks, this becomes the main BUY accumulation zone . SL: 3293 TP: 3305 → 3310 → 3315 → 33xx 🔹 Captain’s Shield (3313) If held multiple times → becomes a short-term key support . ⚡ Trading Scenarios Sell Priority : Short at Captain’s Trap Zone. Quick Buy : Scalp around Captain’s Quick Shot if sharp reaction. Breakdown : If 3313 fails → Buy at Safe Harbor (3300 – 3302). 📌 Captain’s Reminder SELL bias is still dominant → Do not FOMO buy without clear signals. The US session may bring high volatility from geopolitical headlines. Manage your capital with discipline.
OANDA:XAUUSDShort
by CaptainVincent
Hero MotoCorp: Wave 1/A Hits Key Target ZoneHero MotoCorp has been advancing strongly from its March 2025 lows. The rise has unfolded as a clear 5-wave move, now labeled as Wave 1/A, which has just entered its 100.0%–161.8% extension zone of Minor Wave 1. Along the way, Wave 4 held support at the 38.2% retracement of Wave 3 , confirming the impulsive structure. RSI is now in the overbought zone, hinting that this leg may be nearing exhaustion. Looking ahead, two scenarios emerge: If this rally is Wave 1 , the next step would be a corrective Wave 2 pullback before a strong Wave 3 rally . If it is instead Wave A , then a Wave B retracement could follow before a final Wave C push higher . Either way, the immediate focus should be on how price reacts inside this blue target zone. A correction (Wave 2/B) is the natural expectation, with the larger 3/C rally still on the horizon. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:HEROMOTOCOLong
by WaveXplorer
ULTRACEMCO: Wave C started from strong Fib clusterULTRACEMCO – Daily Chart Analysis 🔹 Base Point: The count begins from the low made on 3rd March 2025. 🔹 From this low, the price moved up in the form of a clear impulse wave, completing a 5-wave structure. 🔹 This was followed by a corrective fall, retracing 61.8% Fibonacci of the prior impulse. ⚡ Correction Phase: The decline is counted as an ABC Flat correction (red). Within this, the C wave extended fully to the 100% Fibonacci projection. At this point, we observe a strong cluster zone formed by the 61.8% retracement and 100% extension, indicating confluence and potential support. 📈 Current Development: From this support, the price has begun to move up again, showing the characteristics of a fresh impulse. The overall structure fits into a larger Zig-Zag correction, where Wave C is still under development.⏳ 📝 Summary: ✅ Impulse up (5 waves) ✅ Flat correction (A-B-C) complete at Fib cluster 🚀 Wave C of Zig-Zag unfolding #ULTRACEMCO #NSEStocks #ElliottWave #Fibonacci #WaveAnalysis #TradingSetup #PriceAction
NSE:ULTRACEMCO
by theprofityogi
Nifty Short Entry Based on TRIPLE CROWN Theory combining specific Fibo Retracement level, identified areas that can be used to go short in NIFTY range to go short is - 25160 to 25000, which got triggered yesterday, let us go for short till yesterday's high is not breached target will be 24760 and 24600 and then 24340 stop can be placed 25000 this trade is purely based on entry when the price falls in TCZ (The Triple Crown Zone), which is price zone based on FIBO RETRACEMENT LEVELS IN A SPECIFIC ORDER note :- more then entering the trade it will be more interesting to understand this theory and its impact if price stays in TCS zone today and how it reacts here on stay tuned have a good day to all
NSE:NIFTYShort
by sankhyainvestments
1
Axis Bank: Zigzag Ended at 1.618, Diagonal Structure in PlayAxis Bank topped out at its all-time high (₹1,339.65) before entering a sharp ABC correction. Wave A fell to ₹1,124.30 Wave B retraced to ₹1,281.65 Wave C declined to ₹933.50, completing exactly at the 1.618 projection of Wave A from Wave B — a classic Zigzag termination. This precise completion at 933.50 set the stage for a potential new bullish cycle. From that low, Axis Bank has advanced in an overlapping fashion, typical of a Leading Diagonal. Price is now consolidating within Wave 4, unfolding as a complex W-X-Y-X-Z correction, hovering in the 0.5–0.618 retracement zone of Wave 3 (₹1,050–₹1,086). The invalidation level is ₹1,032.35 (Wave 2 low). As long as this holds, the bullish diagonal count remains valid. If Wave 4 is indeed complete, the next move would be Wave 5, with potential to break past the swing at ₹1,238.70 and eventually retest the ATH of ₹1,339.65. Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please do your own research (DYOR) before making any trading decisions.
NSE:AXISBANKLong
by WaveXplorer
Adani Ports Maintains Bullish Momentum, Nears Resistance at Key Topic Statement: Adani Ports is riding strong bullish momentum after rebounding from a key retracement level, now approaching stiff resistance near a distribution zone. Key Points: 1. The stock retraced up to the 50% Fibonacci level and has since moved up to the 23.6% level, showing renewed strength 2. Price faces stiff resistance at the 1500 mark as it enters a known distribution zone 3. The stock rarely trades below the 200-day EMA, and such dips have historically offered excellent accumulation opportunities
NSE:ADANIPORTS
by yogeshwar
BPCL Long Trade Setup: 3:1 Risk/Reward Reversal Play Analysis BPCL has shown a potential reversal after a significant downtrend, with a clear break of structure and liquidation of sell-side liquidity. The chart marks a key Fair Value Gap (FVG) entry zone, aligning with a bullish momentum confirmation and a strong recovery from recent lows. Trade Parameters: • Entry: After confirmation from FVG/volume imbalance area • Stop Loss: ₹306 (below recent swing low for risk protection) • Take Profit: ₹360 (targeting next key resistance zone) • Risk/Reward Ratio: 3:1 Disclaimer This idea is for educational purposes only and does not constitute financial advice. Trading involves risk—always do your own research and consult with a professional advisor before making trading decisions. Past performance is not indicative of future results.
NSE:BPCLLong
by abhishekm894
1
Fibonacci Retracement Explained: Smarter Entries & Exit Zones🔹 Intro / Overview Fibonacci retracement highlights potential support and resistance zones during pullbacks. By mapping ratios between swing highs and lows, traders can structure trades, plan entries, and manage risk — not predict the market. 📖 How to Use 1️⃣ Identify Swing Points – Draw from recent swing low ➝ swing high (or reverse for downtrend) 2️⃣ Watch Key Levels – 23.6%, 38.2%, 50%, 61.8%, 78.6% 3️⃣ Confirm with Price Action – Candle closes above/below key levels = stronger signal 4️⃣ Plan Stops & Targets – Use Fibonacci zones or swing points 5️⃣ Enhance Reliability – Combine with trendlines, moving averages, or candlestick patterns 📊 Chart Explanation (Step-by-Step) The chart demonstrates a possible long setup using Fibonacci retracement: Point A (Swing Low) : Starting point of the retracement Point B (Swing High) : Endpoint establishing Fibonacci ratios Point C (Chart Confirmation) : Swing low confirming levels are relevant Point D (Potential Invalidation) : Price dips near 38.2%–61.8%; closes below could invalidate Point E (Entry Zone) : Successive closes above 78.6% confirm entry 🔍 Observations Price respected multiple Fibonacci zones (38.2%, 50%, 61.8%) Swing highs/lows defined the structure Yellow path = past trend movement Blue path = potential reaction for illustration only 📌 Trade Management Stops : Just beyond Fibonacci zones or swing points Targets : Next Fibonacci level or previous swing high/low Reliability increases when combined with other confirmations ✨ Key Takeaways ✔ Fibonacci is a guide, not a prediction ✔ Candle closes near levels strengthen entries ✔ Stops & targets can flex with Fibonacci or swing structure ✔ Always use confluence for decision-making ✅ Conclusion Fibonacci retracement is a visual framework to time entries and exits with discipline. Combine it with other tools for stronger setups. ⚠️ Disclaimer: For educational purposes only. Not financial advice.
NSE:NIFTYEducation
by MarketAlgoBot
1
Gold Plan 15/08 – Captain VincentBackground Yesterday, Gold revisited the BUY Scalp – Quick Boarding 🚤 (3332 – 3334) zone and bounced 140 pips. This is the second consecutive day the zone has shown strong reaction, but today its support strength may weaken. The main H1 trend is leaning bearish , so the priority is to look for sell setups at major resistance zones. Zone 1 – Storm Gate 🚪 (Main Sell Zone – SMC Supply) Entry: 3,355 – 3,357 SL: 3,361 TP: 3,351 → 3,347 → 3,342 → 33xx Note: SMC Supply zone confluenced with Fibo 0.5 – 0.618. Wait for strong price reaction before entry. Zone 2 – BUY Scalp – Quick Boarding 🚤 Entry : 3,332 – 3,334 SL: 3,327 TP: 3,336 → 3,339 → 3,342 → 33xx Note: This zone has reacted twice in a row. Today, only use for quick scalps, avoid holding for long. Zone 3 – Deep Harbor 🏝️ (Main Buy Zone – SMC Demand) Entry: 3,290 – 3,292 SL : 3,284 TP: 3,296 → 3,300 → 3,304 → 33xx Note: Deepest support of the day. Buy only if price drops sharply and clear reversal signals appear. Today’s Scenarios If price tests Storm Gate → Look for short-term sells in line with the downtrend. If price breaks below BUY Scalp → Wait for a retest to sell further, as there’s a high chance of filling the previous Fair Value Gap. If price reaches Deep Harbor → Attempt a bottom buy, but keep profit expectations short since the overall trend is bearish. Captain’s Note: "Today, the golden sea has strong waves and heavy winds. The captain will set sails at Storm Gate to catch the downwind move. Deep Harbor stays open, but will only anchor if the skies are clear. BUY Scalp is like a speedboat – fast, sharp, decisive." 🏴‍☠️📉 Captain’s Friday Warning ⚠️ "It’s Friday – the wildest day of the week. Trade carefully, manage capital tightly, and protect your treasure chest. The weekend is long; don’t let one impulsive move sink the ship." ⛵💰
OANDA:XAUUSD
by CaptainVincent