The chart shows a promising Cup and Handle formation in #APOLLO, suggesting a potential bullish trend ahead🚀 Also the stock has taken a proper reversal at Fibonacci Golden Zone Key Points: 1. Crossed Monthly Resistance 2. Reversal at Fibonaci Golden Zone 3. Promising Defense Sector Exposure 4. Strategic partnerships with DRDO, DPSUs, BDL etc. 5. Strong order...
Polycab stellar performer among wires & cables. Polycab's guidance value is to achieve 20K Cr revenue(top-line) sales by 2026. And it appears they'll achieve ahead of timeline. Company expects volume growth to continue in the second half as well. As of 2023, 14K Cr sales. Jefferies adjusted its price target for Polycab India from INR4,835 to INR6,220 and...
For Educational Purposes... #HEMIPROP IS READY TO BUY LONG - On Monthly Chart Showing --- N Pattern Breakout --- After 11 year Breakout ---- Huge Volume Showing Last 2 -3 Months -----Fib Level 0.5 Closing 140-145 Waiting Time 3-6 Months Buy Small QTY Long Above (Monthly Candle Close Required Above) - 140-145 SL - 125 (Weekly candle Low) Target - 165, 175, 185,...
Looks like adani port is moving towards 1024, lets see if that is happening
watching out for consolidation formation near 390-80 zones for entry with max 6-7% stop. Due to gaps formed last week at the moment don't have stop loss of 6-7% range current stop is deep towards 330. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views...
NSE:CGPOWER - Technical Analysis Update 🚀📊 Current Price: ₹479.65 (as of Jan 5, 2024, 12:08 PM) Key Indicators: Opening Price: Above critical level of ₹469.75, indicating a positive trend 🟢 Moving Averages: Recent bullish crossover in EMA and MA MACD: Anticipated crossover in next 1-2 days; Current MACD at 6.85, Signal at 7.82 Stochastic RSI: ...
Chart patterns look convincing for a long swing trade Reasons 1. Cup & Handle is in process. 2. 0.618 fib level broken out with volume(weekly timeframe) . 3. Double bottom with low and higher low . 4. Good volume support at perfect levels. Safe to get in after Cup & Handle Breakout.... Risky entry can be made if keeping the SL as Day close below 50....
On day chart Rune is pulling back to $3.5 now This level is demand zone and golden ratio so I think RUNE will bounce back from this level Wait for next move
The trend has not been compromised yet, as long as it is above 48000 it is very good. The above levels are very good, we may get to see new highs, now let's see what happens tomorrow 8th January 2024. Bank Nifty is moving in a trend and forming higher highs. it is very good for us.
On 4H TF CLV is in #FallingWedge and moving down to lower line of the pattern So I think CLV will be explosive after breakout of falling wedge Wait for true breakout and retest to catch this trend Time will tell
On day chart CLV is on the support zone now It will come back to Bullish trend soon Wait for rejection around this level to zone Time will tell
The stock was in good uptrend till 2021. later there was a good correction . After correction stock bounced back from major support forming bullish candle stick patterns. This bounce back is associated with a weekly trendline breakout.
The price moving in rising wedge and adhering to Elliot Wave rule. Impulse wave (i) - from level Rs 248.70 to Rs 561.55 Correction wave (ii) - price retrenched to fib 50% of wave (i) i.e Rs 405.15 Impulse wave (iii) - equal to fib 1.618 of wave (i) i.e., Rs 780.70 Correction wave (iv) - retrenched to Rs 628.05 i.e., is equal to distance of wave...
Go Long above 3568.9 for Targets of 4070, and 4389.7 with SL 3295.3 Reasons to go Long: 1. On a Weekly timeframe the stock gave Trendline breakout. 2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 3. Also a bullish candlestick pattern Bullish...
Go Long above 488 for Targets of 511.8, 535.6, and 559.4 with SL 464.2 Reasons to go Long: 1. On a Weekly timeframe the stock gave Trendline breakout. 2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 3. Also a bullish candlestick pattern Bullish...
Go Long above 965.1 for Targets of 1044.7, 1124.3, and 559.4 with SL 885.5 Reasons to go Long: 1. On a Monthly timeframe the stock gave Trendline breakout. The stock was initially facing resistance from this trendline but now is taking support. 2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see...
Go Long above 93.95 for Targets of 105.65, and 125.15 with SL 90.05 Reasons to go Long: 1. On a weekly timeframe if we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is...
On day chart WOO has a confluence in range 0.28 - 0.3 this zone is combine of Golden Ratio and Ascending Trend Line So I think this range is good for support Bullish Trend Wait for confirmation to trade