LongFibo lines for the soundhound to be used as support and resistance.
Modest targets and purely technical. For educational purpose.
Fibonacci
Important Resistance and Support levels for MaraFibo levels are respected earlier. Let's see if the Fibo levels are respected this time around.
I have marked the important levels for Mara.
This is for educational purpose only.
KPIT TECH Medium term setupKPIT Tech for the medium timeframe (6+months)
• 61% retracement done of 26sep-12feb trend
• Resistance broken should now act as a support
• On the downside, 1550 should not break for swing traders & 1400 should not break for medium-term traders
BANKNIFTY FOR 10 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 FIN SERVICE FOR 10 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 FOR 10 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 Short Swing Trade 1:3.5 Risk-Reward RatioIchimoku TS KS broke in 15 mins and once it breaks the cloud and price structure, we will get the confirmation.
We have shared our higher time frame view earlier today - please check:
Entry : 24280 (in case of gap down opening below this level, wait for a small pullback near TS in 5 mins)
Stop Loss : 24417
Target : 23770
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Hindustan Copper Trend Reversal Breakout near SupportsGood price to add as price correct after taking fresh highs.
Huge potential.
Near Long term trend support line.
YESBANK (fibo )YESBANK
SL compulsory.
This Elliott Wave theory and understand how to effectively trade using this technique. Ralph Elliott discovered a very important pattern in the markets in early 20th century.
yes bank move with high volume with breakout still wait for retext .
targets and sl asper fibo .
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
Shalimar Paints Trend Reversal Breakout Shalimar Paints currently trading near 50 EMA.
Fibonacci support levels.
Has a potential to move towards 210 soon.
Production capacity is set to increase approx 3x.
Long term target of 450 in 3years
Bull Run Over? Will Nifty Return to 19K? | Nifty50 Wave AnalysisWave has already shared the Nifty wave counting (2020-24) earlier. Please refer to the following links:
Nifty Elliott Wave Analysis 2020-24 With Subordinates Counting
Strong Wave 5th is Happening: Nifty Wave Analysis in DTF
The big wave 5th of the impulse, which started from the 2020 COVID bottom, has hit 261.8%, and we have to go for a degree correction.
Three possibilities:
1. Rally Continues : Wave 5th can go in extension further if Nifty can sustain weekly candles above 24,127. It can hit 26,000, but the possibilities are very low due to many factors like divergences, Ichimoku gaps, Yearly CPR etc.
2. Time-wise Correction: Nifty can stay in a big range (4,000-5,000 points) for one or two years.
Who can benefit from this? Option sellers, for sure.
3. Price-wise Correction: Nifty can see a sharp fall to the demand zones we mentioned.
Who can benefit from this? Option buyers, directional options and future sellers.
Note: Edge is compulsory for any trades to avoid unexpected events since it's going to be a positional trade.
Entry Points:
Current Market Price is 24,302, and a 1-hour candle close below 24,170 is our short entry.
Stop Loss:
The safest SL is 24,610, but if this SL is too big for swing/intraday traders, they can keep the stop loss above 24,450.
Targets:
We have mentioned three demand zones in the chart based on Fibonacci retracement:
First Demand Zone: 22,000-22,500
Second Demand Zone: 20,030-20,960
Third Demand Zone: 18,000-18,500
Titan fails to give pullbackTitan fails to give pull back but surprisingly the mentioned level coming. 3k level will come defiantly as per my view.
Birla Software Breakout from down trenPositive upside trend after reversing from downside with a base formation near Fibonacci levels
HDFC Bank retesting the break out zone, looks bullish.
The stock looks bullish as per the price action. There was a consolidation and a break out after a gap up opening creating a gap.
It has retest the break out zone and the gap is filled.
HDFC Bank has taken a good support from 1480-90 zone as there is a confluence of 200 ema, retest and fib retracement levels.
Entry :- Above 1528
Possible Targets :- 1556, 1588
Swing/positional targets in the stock are even more. As the entry in the stock will be created the targets will be revised with trailing the SL/.
Wait for the price action on the bullish side for the entry.
Where is Nifty 50 Headed Next? Is the journey coming to an end? Date: 3rd July 2024
Nifty Elliot Wave Analysis - Daily Time Frame
General Trend:
Since March 2023, Nifty 50 has surged in a remarkable uptrend, skyrocketing from around 17,000 to an impressive 24,300—a spectacular leap of 7,300 points. So, has Nifty 50 reached its limit? Is the journey coming to an end?
Here is our previous analysis, which we posted on June 18th, and we are still using the same wave count.
Ichimoku Cloud:
Applying the Ichimoku cloud to the chart, we see that Nifty 50 is trending above the Monthly, Weekly, Daily, and Hourly clouds. This suggests that Nifty 50 still has more ground to cover. No sign of reversal yet in Ichimoku and Price action.
Elliott Wave Analysis:
Applying Elliott wave analysis to the entire leg of Nifty 50’s journey from March 2023 suggests that we are currently in subwave 3 of Wave 5.
The Wave 5th has already completed its minimum target at 127% (23,898) and is now looking to hit 161.8% (24,600). If this is surpassed, we could see 25,000+ which corresponds to the 200% Fibonacci ratio.
The Nifty trend will change only if the daily candle closes below 23,898.
Disclaimer:
We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Is HDFC Bank aiming to hit 2200+ in the coming months?Reason for going long on HDFC:
Ichimoku:
HDFC stock has been sideways for years but is slowly turning bullish after hitting strong Ichimoku cloud support at 1350. It is now crossing the Tenkan-sen (TS) and Kijun-sen (KS) on the monthly chart.
Fibonacci + Fib Channel:
When we draw the Fibonacci channel and Fibonacci extension of swings, it looks like HDFC is set to hit 2200 in the coming months.
Buy on Dip:
The current market price (CMP) is 1604. Any good dip near 1450-1520 presents a great buying opportunity for the long term.
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.
BNF looking for downside moveExpecting a downside move once it mitigates imbalance(on 5mins TF) and take resistance on yesterday's close. Will look for buying PUTS only at the given level with proper reversal.
IMPORTANT week for BANKNIFTY As we can see BANKNIFTY despite being in structure managed to close strong though we expected it to maintain a sideways to negative market which shows the immense strength. But in a bigger picture it can be seen forming more like rising wedge pattern which is a strong bearish structure hence as long as the structure is not broken above, every rise can be sold.
Axis Bank Wave Analysis: SIP, Levels, 1800+ in coming years! July 2, 2024: AXIS Bank Market Analysis
Current Market Price: 1261.90
General Trend:
After the COVID crash of 2020, Axis Bank hit a high of 865 on October 21st , 2021, completing Wave 1 and entered Wave 3 after completion of wave 2 on June 16th 2022.
The stock is currently in a bullish mode and it's in extension, having completed subwaves 1 and 2 of Wave 3 and it has broken out of a consolidation zone and is looking to surge ahead with subwave 3 of Wave 3.
Ichimoku Cloud:
Applying the Ichimoku cloud to the chart shows that prices are trading above the Monthly, Weekly, and Daily clouds. Hence, there is a high possibility of the stock entering Wave 3.3.3 after small dip near 1150-1170 that will be our 3.3.2 subwave.
Entry and Exit Points:
Long-Term Perspective: The demand zone was a good area to buy the stock; however, we expect a retest of this zone, which can be a good opportunity for those who missed buying Axis Bank earlier.
> SIP Mode is best for long term.
Expected Target:
Once Axis Bank gives a breakout above the recent high, it is expected to hit the first target of Rs. 1529 .
The next target could be Rs.1859 and even 2000+ possible in couple of years. These targets are derived based on the application of the Fibonacci extension and channels.
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Kotak Mahindra Bank buy given near 1680 hold it Target 1900 ++Disclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
BSoft-ATH breakout retest of an investment stockNiftyIT sector is looking very weak as we have seen a breakdown of support.
BSoft is one smallcap IT stock which has big potential to grow in future.
Currently, stock is retesting its previous ATH and once stock goes above 650, a good swing trade can be initiated only if NiftyIT turns bullish.
If we see a fall in this stock and you are a long term investor, best price to accumulate this stock is between 490-520. Stock becomes extremely weak below 380.
