Reasons to Buy 1. ABC Pattern 2. Fibonacci level @ 0.5-0.6 3. 50 MA Crossover
Banknifty looks to have completed Wave "a" 5 wave structure and currently in wave "b" which double zig zag correction towards 0.618 fibonacci level. Short can be initiated if opens below 35533 for target 34400-300 with SL 35623 From zones near 0.618 fibonacci level 34400-300 expected to take support and bounce up as wave "c" for any of 3 targets...
Parallel channel intact with a series of HL-HH. Renewed buying interest at the channel bottom with good price volume action. A follow-up move here would trigger 1595 followed by a new HH.
No downtrend or price rejection is seen since March 26, which means no major resistance ahead?
Stock has given a breakout of strong resistance level 2000 on daily chart with a huge volume. Stock has given a retracement of 38.2% and is ready for next targets: 2060, 2100, 2160 & 2350. RSI: 71 Entry: Buy at CMP or at dips around 2000. SL: 1840 Note: Only for educational purpose
Stock is poised for a upmove Stop Loss 140s levels Target >178s levels Stock is reversing from Fib .618 levels an important zone with a hammer candle confirmation followed by Doji and gave a strong closing
IOC at near previous resistance =102 also near senkou B support ichimoku study also near 50% fib retracement very high R:R setup Sl below= 103 on closing basis Tgt=108 n more similar pattern in BPCL trade at your own discretion
new listed share sona blw in focous CMP - 439 SUPORT - 390 TARGET - 452,492 BUY - CMP -60%QTY AFTER -460-40% ADD MORE QTY
hello traders , cyient ltd if hold support then upmove possible CMP- 986 SUPPORT - 698,935 IF HOLD SUPPORT THEN TARGET OF 1060 TIME FRAME - 7 TO 15 DAYS
hello traders ,we can buy bajaj electrics on cmp CMP -1153, RESISTANCE- 1197, SUPPORT - 1090 TARGET - 1180,1220,1260 TIME FRAME - 7 TO 15 DAYS BUY - CMP - 70%QTY AFTER RESISTANCE - 30%QTY SL - 1120
hello traders , we can see a breakout in vinati org CMP -1980, RESISTANCE -2030, BREAKOUT AFTER -2050, SUPPORT - 1930,1878, TARGET- 2112,2250, TIME FRAME- 15 TO 30 DAYS, BUY - CMP -50%QTY SUPPORT -30%QTY AFTER BREAKOUT - 20%QTY MULTIPLE TIME FRAME ANALYSIS + ALL PATTERN ANALYSIS
strong breakout . bounced from 0.618 fibo level initiate buy above 585 for positionally keep stoploss below 500 target 650, 760