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Fibonacci

Beauty of Fibonacci Resistance Speed Fan on Gold as a Golden 1. Look at the Beauty of Fibonacci Resistance Speed Fan on Gold as a Golden View The weekly chart of CFDs on Gold (USD/oz) showcases a stunning Fibonacci resistance fan, guiding price action with precision. 2. Fibonacci Levels as Key Resistance Zones The fan, drawn from the 2025 low, highlights critical resistance levels: 0.25 at $3,250,000, 0.382 at $3,333,900 (current price), 0.5, 0.618, and beyond, acting as potential ceilings. 3. Current Price Action at $3,333.90 As of July 06, 2025, 01:16 PM +04, gold trades at $3,333.90 (+$8.48 or +0.26%), aligning perfectly with the 0.382 Fibonacci level, indicating a strong resistance test. 4. Upward Momentum Meets Resistance The price has risen steadily from $2,500 in December 2024, but the Fibonacci fan suggests a potential pause or reversal as it approaches the 0.382 and 0.5 levels. 5. 0.5 Level at $3,500 as a Major Hurdle The 0.5 Fibonacci resistance at $3,500 looms large, where gold may face significant selling pressure if it breaks through the current $3,333.90 mark. 6. 0.618 Level Signals Next Target Should gold surpass $3,500, the 0.618 level around $3,750 could be the next psychological and technical barrier, testing bullish strength. 7. Trendline Support Aligns with Fibonacci The ascending trendline, intersecting near $3,250, complements the Fibonacci fan, offering dynamic support if a pullback occurs from these resistance zones. 8. Recent Price Action Reflects Fibonacci Precision The recent $8.48 uptick to $3,333.90 demonstrates gold’s adherence to the 0.382 level, reinforcing the fan’s predictive power over the past months. 9. Potential Breakout or Reversal Ahead Traders should watch for a breakout above $3,333.90 towards $3,500 or a reversal back to $3,250, with the Fibonacci fan providing clear levels to monitor. 10. Strategic Trading with Fibonacci Insights Use the Fibonacci resistance fan to plan entries and exits, leveraging its alignment with gold’s current $3,333.90 price to anticipate the next move in this golden market.
TVC:GOLD
by stocktechbot
WCIL - H&S Pattern | Breakout Above Resistance | Daily Chart📊 WCIL – Breakout Above Resistance | RSI Bullish | Strong Volume | Fibonacci Levels | Daily Chart 📅 Chart Date: June 27, 2025 📈 CMP: ₹114.43 (+3.42%) 📍 Ticker: NSE:WCIL 🔍 Technical Analysis Summary 🔺 Breakout From Trendline & Resistance WCIL has broken out above horizontal resistance at ₹113.50 and long-term descending trendline, indicating strong bullish momentum Golden neckline breakout of a potential inverse head & shoulder / V-recovery formation 📊 Volume Spike Massive increase in volume (7.09M) confirms buying interest and validates the breakout 📈 RSI Indicator (14, Close) RSI at 70.85, trending upward and entering bullish territory Multiple Bullish RSI crossover signals provide confluence for the uptrend 🌀 Fibonacci Retracement Levels 38.2% – ₹107.94 50.0% – ₹121.13 (next key level) 61.8% – ₹134.31 100% – ₹177.00 (full retracement potential) 📍 Key Price Levels ✅ Breakout Zone: ₹113.50 🔼 Immediate Resistance: ₹121.13 🎯 Target Levels: ₹121 → ₹134 → ₹153+ 🛡️ Support Levels: ₹107.9 → ₹100 → ₹91 💡 Trade Idea Entry: Above ₹114 on confirmation with volume SL: Below ₹107.50 (close below previous resistance) Targets: ₹121 → ₹134 → ₹153 Risk-Reward: High conviction due to structure and volume ⚠️ Disclaimer This chart analysis is for educational purposes only. Always DYOR (Do Your Own Research) and consult a financial advisor before making investment decisions.
NSE:WCILLong
by PriceAction_Pulse
2
UNIVPHOTO - Cup & Handle Breakout | Daily Chart📊 UNIVPHOTO – Cup & Handle Breakout | Strong Volume | RSI Overbought | Fibonacci Confluence | Daily Chart 📅 Chart Date: July 3, 2025 📍 CMP: ₹291.55 (+20.00%) 📈 Symbol: NSE:UNIVPHOTO 🔍 Technical Analysis Summary ✅ Cup & Handle Breakout Price has broken out above the neckline of the Cup & Handle pattern at ₹258.95 with strong bullish momentum. Post-consolidation breakout visible with a solid bullish candle. 📊 Fibonacci Retracement Levels (Swing: ₹173.55 to ₹483.90) 23.60% – ₹246.79 38.20% – ₹292.10 ✅ (Price nearing this level – short-term resistance) 50.00% – ₹328.70 61.80% – ₹365.35 78.60% – ₹417.50 100% – ₹483.90 🎯 📈 RSI Indicator (14) RSI has surged to 77.17, indicating strong momentum but entering overbought territory. RSI breakout with multiple prior bullish divergences validated the upside move. 📉 Volume Current breakout supported by above-average volume (256.71K) adds credibility to the move. 🏁 Key Technical Levels Neckline Breakout: ₹258.95 ✅ Immediate Resistance: ₹292.10 (Fib 38.2%) Next Targets: ₹328.70 → ₹365.35 Support Levels: ₹258.95 → ₹246.79 Major Swing Low: ₹173.55 💡 Trade Setup Entry: On breakout confirmation above ₹259 SL: Below ₹246 Short-term Target: ₹292 Mid-term Target: ₹328 → ₹365 Risk Level: Medium (due to RSI overbought – may see retracement) ⚠️ Disclaimer This chart is for educational and analytical purposes only. Please consult your financial advisor before making investment decisions.
NSE:UNIVPHOTOLong
by PriceAction_Pulse
CG Power Rebounds After First Major Correction Supported by StroTopic Statement: CG Power has made its first significant correction and is now set on a recovery path in line with the broader market rally. Key Points: * The stock respected a major trendline, receiving strong support during its recent correction * It found repeated and substantial support at the 50% Fibonacci retracement level, reinforcing its base * The correction was signaled by a head and shoulders pattern clearly marked on the chart, leading to the recent pullback before the recovery began * The stock price is very expensive as it is mostly overextended above the 200 day exponential moving average
NSE:CGPOWER
by yogeshwar
LIC Housing: A Correction That Refuses to End?After completing the first upward leg from the March low near 483.70, LIC Housing Finance rallied sharply to 623.90. This rise is being marked as wave 1 or A, depending on whether the structure develops into an impulse or a zigzag. After that peak, a correction was expected. Initially, price dropped to 565.40 in a clear abc formation, which could have marked the end of wave 2 or B. However, the market didn’t follow through with a strong rally. Instead, price began moving sideways in a choppy, overlapping manner — a strong clue that the correction wasn’t over. This overlapping price action evolved into a WXYXZ structure, a complex form of correction. Here’s how the structure now looks: The initial drop to 565.40 is being treated as wave a of a larger correction. The sideways consolidation that followed is marked as wave b. The current expectation is for a final wave c down — which would complete the full abc correction of a higher degree, labeled as wave 2 or B. The ideal target zone for wave c lies between 1x to 1.618x the length of wave a, projected from the end of wave b. Support lies in the 568.80–532.65 zone. If price dips into this area and shows signs of reversal — particularly with bullish divergence on RSI — it could set the stage for the next leg higher in wave 3 or C. The invalidation level for this count stands at 627.30. A sustained move above this level would negate the possibility of a wave c decline and instead suggest that a new impulsive leg has already begun. 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:LICHSGFINShort
by WaveXplorer
5
#SAIL#SAIL has corrected about 40% from recent swing high and currently trading near 61.8% retracement zone + weekly 200 ema and parallel channel support confluence zone. On weekly tf, it is probably trying to make a double bottom. Historidally, when it gave a breakdown below weekly 200 ema and unable to sustain above it, it continued to underperform for almost 8-10 years but now it is probably trying to take support around it. Also, RSI is making HLs off late, which is probably a good sign. In terms of R:R, this is currently a good bet on long side. As usual, DYOR and this isn't a Buy or Sell reco - but just an educational purpose post
NSE:SAIL
by aktradelearning
4
Biocon Trades in Volatile Range Between Strong Support and StiffTopic Statement: Biocon's stock has been stuck in a broad sideways zone, oscillating between key support and resistance levels. Key Points: * The price has corrected and repeatedly found strong support at the 50% retracement level around 300 * It faces stiff resistance at 400, which has consistently acted as a tough barrier to further upside * Overall, the price remains trapped in a volatile sideways zone between 200 and 400, limiting decisive directional moves
NSE:BIOCON
by yogeshwar
ENVIRO INFRA ENGINEERS (NSE: ENVIRO)View: Strongly Bullish. Bias: Trend reversal confirmed. Strategy: BUY: Initiate around ₹240-₹245 or on retest of ₹230-₹235. Targets (T): T1: ₹262 T2: ₹287 T3: ₹312 Stop-Loss (SL): ₹220 (on daily closing basis). Reasoning: Decisive breakout from a significant long-term descending trendline. Strong volume confirming the breakout. RSI indicating robust bullish momentum. Potential for significant upside as stock recovers from prior fall. Note: This is an educational analysis and not financial advice. Do your own due diligence before investing.
NSE:EIELLong
by rmhetre15
Trading Analysis for Gold Spot / U.S. Dollar (15-Minute Chart) Based on the provided 15-minute chart for Gold Spot / U.S. Dollar (XAU/USD), published by NaviPips on TradingView.com on June 30, 2025, at 17:53 UTC, here’s a suggested trading setup for a buy position: Current Price and Trend: The current price is 3,241.875, with a slight increase of +0.250 (+0.01%). The chart shows a recent downtrend that appears to be stabilizing near the current level, suggesting a potential reversal point. Buy Entry: Enter a buy position at 3,312.875 (current price), as it aligns with a support zone where the price has found a base, indicated by the horizontal dashed line and recent consolidation. Stop Loss: Place a stop loss at 3,295.250, below the recent low, to protect against further downside. This level is approximately 10.625 points below the entry, defining the risk. Take Profit Levels: Take Profit 1: 3,317.875, a conservative target about 20.000 points above the entry, aligning with a minor resistance zone. Take Profit 2: 3,324.750, a mid-range target approximately 31.875 points above the entry. Take Profit 3: 3,332.500, a deeper target about 45.625 points above the entry, indicating a potential trend reversal. Price Action: The chart indicates a downtrend with a possible bottoming pattern near the current level. The support zone and upward candlestick suggest a buy opportunity if the price holds. Risk-Reward Ratio: The distance to the stop loss (10.625 points) compared to the take profit levels (20.000 to 45.625 points) offers a favorable risk-reward ratio, ranging from approximately 1:1.9 to 1:4.3. Conclusion Enter a buy at 3,241.875, with a stop loss at 3,295.250 and take profit levels at 3,317.875, 3,324.750, and 3,332.500. Monitor the price action for confirmation of an upward move, and be cautious of a potential continued downtrend if the price breaks below the stop loss level. (Note: I assume "take profot" was a typo for "take profit" and have corrected it accordingly.)
OANDA:XAUUSDLong
by NaviPips
OFSS: Setting Up for a Relief Rally?🔍 Introduction This analysis starts from the 1-hour timeframe, where price action shows signs of exhaustion at the tail end of a 5-wave decline. A classic ending diagonal in wave c, along with bullish RSI divergence, points toward a potential short-term reversal — possibly the start of Wave B in a larger A-B-C corrective structure. We then zoom out to place this setup within a broader W-X-Y correction that began from the 13,220 high. 🕐 1H Chart: Ending Diagonal + RSI Divergence into Key Zone Following the peak at 9775, price has been declining in what appears to be a ABC zigzag correction. Subwave 5 (within wave c) exhibits ending diagonal behavior, with overlapping internals and weakening thrust. Importantly, RSI has been printing higher lows, diverging strongly against lower price lows — a signal of potential bottoming. Price is also testing the 1.618 Fibonacci extension level. A decisive breakout above the upper trendline would confirm a likely transition into Wave B. 🟢 Watching closely for a decisive breakout / close above the channel. 📆 Daily Chart: W-X-Y Structure from 13,220 High Zooming out, ORACLE FIN SERV is unfolding a W-X-Y correction from its 13,220 high: Wave W completed as a zigzag down to 7038. Wave X unfolded as a zigzag rally, peaking at 9775. Notably, Wave C of X did not reach 100% of Wave A — signaling internal weakness. Wave Y is now developing as a red A-B-C structure, with Wave A possibly ending near the 8930 level. 🧠 Conclusion & Key Levels to Watch Wave A of Y appears to be nearing completion, supported by: Ending diagonal structure in wave C (1H) RSI bullish divergence Price stalling at 1.618 extension A breakout above the channel could mark the start of Wave B — potentially retracing 38–61.8% of the drop from 9775 📌 This setup offers both short-term and structural clues. I’ll post follow-ups as this unfolds. ⚠️ Disclaimer This post is for educational purposes only and does not constitute financial advice. Please do your own research and manage risk appropriately.
NSE:OFSSLong
by WaveXplorer
Tata Motors Holds at Key Support, Oversold Levels Hint at PotentTopic Statement: Tata Motors, heavily beaten down and still oversold, is clinging to crucial support that could define its next move. Key Points: * The stock has repeatedly taken support at the 61.8% Fibonacci retracement level, where it currently trades even today * Price is hovering just above the 180-day EMA, suggesting a delicate balance between support and further downside risk * A move up is possible from this oversold level, but if support breaks, the price could slide further toward the 400 zone
NSE:TMPVLong
by yogeshwar
FDC INDIA technical analysisFDC Ltd. is an established Indian pharmaceutical company known for its oral rehydration salts (ORS) and branded formulations across therapeutic categories like ophthalmology, dermatology, and nutraceuticals. The company has a stable domestic presence and a growing global footprint. It is currently trading at INR 479.65, within a consolidative mid-range zone after a multi-period correction. Key Levels Support Levels: INR 348.60, INR 398.40, INR 463.75 Swing Level: INR 479.65 Possible Upside: INR 634.35, INR 707.25, INR 800.10 Technical Indicators RSI (Relative Strength Index): At 58.36, the stock shows mildly bullish strength, suggesting room for further upward movement without being in overbought territory. Volume: Standing at 6.52M, current volumes appear healthy and consistent, supporting the case for sustained accumulation. Sector and Market Outlook FDC operates in the pharmaceutical and healthcare segment, benefiting from: Stable domestic demand for branded generic formulations Increasing traction in exports of ORS and ophthalmic products Government initiatives supporting healthcare access and API localization However, margin headwinds from regulatory pricing, raw material cost swings, and intensifying generic competition remain key considerations. Latest Developments Expansion Focus: Ongoing investments in manufacturing capacity and exports R&D Initiatives: Pipeline development in novel dosage forms and wellness products Financial Snapshot: Solid revenue growth with sustained margins and efficient working capital management in recent quarters Dividend Update FDC Ltd. declared a ₹5.00 per share dividend, consistent with its track record of prudent capital allocation and shareholder rewards. Analysis Summary FDC Ltd. appears structurally well-positioned, gradually regaining investor interest amid an improving sectoral backdrop. Technical indicators reflect a stable base with potential for trend continuation. The combination of consistent volumes, improving RSI, and strengthening fundamentals offers a favorable setup for medium-term participation by investors seeking pharmaceutical exposure.
NSE:FDCLong
by TechnicalAnalystSucrit
JSW ENERGY -- BULLISH VIEW-- EDUCATIONAL PURPOSEJSW ENERGY-- BULLISH VIEW-EDUCATIONAL PURPOSE Bounced from trendline support Sustained above trendline support for 6 weeks Enter on slight correction -- Near 495-500 Target 1 : 730 (48%)-- previous resistance Target 2 : 1184 (140%) -- (Fibo)-- Need to clear resistance near 770-- may enter in consolidation or reversal may be seen-- Need to be careful and patient Stop loss : weekly closing below 420 (-16%) Risk reward ratio (for first target) : 1:3 (for second target) : 1:9 Time frame 1 st target : 18 months 2nd target : 36-40 months Only long term (investment ) view, not for short term trading
NSE:JSWENERGYLong
by mgvirus1
4
Wipro Trades in a Tight Wedge After Support-Led ReversalTopic Statement: Wipro, a lagging IT stock, has shown signs of reversal after strong support at the 50% retracement level, with a wedge pattern hinting at a decisive breakout ahead. Key Points: * The stock retraced to the 50% Fibonacci level at 225, where it found strong support and reversed * Price had dipped below the 180-day EMA during the correction, further reinforcing the significance of the support zone * A wedge pattern is now forming, and a breakout on either side could define the next major move
NSE:WIPRO
by yogeshwar
IOC - Fascinated by the Fibonacci! Unveil the mesmerizing journey of Indian Oil Corp Ltd (IOC) on this captivating chart! Behold the Fibonacci levels, meticulously drawn two months ago, revealing a fascinating truth. Witness the price action align flawlessly with these golden ratios, a trader's dream come true. Marvel at the emerging head and shoulder pattern, hinting at a potential trend reversal. Anticipate an exhilarating uptrend as the pattern nears completion, sparking excitement. Strategize with a trailing stop from entry, safeguarding your gains with precision. Embrace proper risk management to navigate this thrilling market adventure. The 0.618 level at ₹154.48 and 0.786 at ₹109.75 have held strong, guiding the price. The current price of ₹146.73 teases a breakout, aligning with the right shoulder. Prepare for an upward surge, blending Fibonacci magic with pattern perfection!
NSE:IOCLong
by stocktechbot
MMP INDUSTRIES technical analysisMMP Industries Ltd. is engaged in the production of aluminum powders, foils, and specialty pastes used across defense, automotive, packaging, and construction sectors. It serves both domestic and export markets with a focus on customized high-performance material applications. The stock is currently trading at INR 267.85, showing price consolidation within a broader structural range. Key Levels Support Levels: INR 170.62, INR 232.02, INR 274.60, INR 309.65 Swing Level: INR 267.85 Possible Upside: INR 443.90, INR 505.30, INR 583.50 Technical Indicators RSI (Relative Strength Index): Currently at 51.69, suggesting neutral momentum. While not weak, the stock lacks directional conviction and awaits a fresh catalyst. Volume: Gradual pickup observed. Sustained accumulation around current levels, if paired with positive price action, could trigger directional movement. Sector and Market Outlook MMP operates in the industrial materials and value-added metals segment, which is favored in current macro conditions due to: Tailwinds from infrastructure and defense-led manufacturing demand Global push for lightweight and efficient packaging solutions Export diversification into regulated applications like pharma and pyrotechnics Challenges include fluctuating input costs, competitive intensity from global suppliers, and cyclicality in user industries. Latest Developments Capacity Expansion: Commissioning of new units for aluminum foil and atomized powder production Export Orders: Rising international sales, particularly in performance-sensitive applications Financial Performance: Sequential improvement in operating margins and an encouraging order pipeline Dividend Update Declared a ₹2.50 per share dividend, consistent with its capital-light approach and long-term reinvestment focus. Analysis Summary MMP Industries is showing early signs of accumulation within a broader consolidation phase. While it remains technically neutral for now, improving volume trends and stable fundamentals position it well for potential upside when broader sector momentum returns. Investors may consider keeping it on radar as a value pick within the industrial materials space.
NSE:MMPLong
by TechnicalAnalystSucrit
HCL Tech Recovers Strongly, Eyes Resistance at Key Double Top LeTopic Statement: HCL Tech has rebounded with the broader market, recovering from key support near 1400 and now approaching a critical resistance zone. Key Points: * The stock is moving in a mildly bullish up-trending channel * The stock corrected down to the 38.2% Fibonacci retracement level around 1400 and has since staged a recovery * The 180-day moving average at 1400 provided strong support, confirming it as a key technical level * Price is now moving toward the 2000 mark, where it may face stiff resistance due to the potential formation of a double top candlestick pattern
NSE:HCLTECHLong
by yogeshwar
1