Fibonacci
Samvardhana Motherson InternationalHello & welcome to this analysis
A rank outperformer from its listing back in 1999, stock has a history of doing deeper retracements and then following it with much stronger rallies.
Currently in the monthly time frame its forming a cup & handle pattern that suggests accumulation for yet another strong upside.
However, in the short term it could see a dip if current support levels are broken.
Overall a strong stock in lower time frame consolidation/correction.
Happy Investing
UNO Minda Cmp 592 dated 9-9-2022 ROUNDING PATTERN BOUNO Minda Cmp 592 dated 9-9-2022
1. Rounding Pattern BO @595
2. RSI has Symmetrical triangle BO.
Rounding Pattern Tgt & Fibonnachi 1.618 level has same targets.
Buy for a tgt of 625-775 SL 545
Disclaimer :
I am not a Sebi registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational
purpose. By no means shall be responsible for
any losses amounting out of it incase if any
trades on it.
It is just a view, pls trade at your own risk.
Wolfewaves on DXY and coupled up with strong Fibonacci TVC:DXY Wolfewaves on DXY and coupled up with strong Fibonacci . Until DXY curtailed below 109 to 110 region, it could be said that it has made the top, and there needs a correction in the same. With strong supports around 104, where there could be a consolidation drama, then expecting it to fall till 98. This cycle according to my theory should complete by Feb 25th of 2023.
Can you predict such falls? Fibonacci Retracements - (bad audio)Market fall may have taken few by surprise, but followers of price action techniques should have this scenario in their plan. Trend analysis (or Elliot wave analysis) along with Fib Retracements could be of enormous help if used in tandem with price action. They at least give you minimum target and levels, so that you are able to ride the trend and also do not make impulsive entry decisions.
(Disclaimer: the audio quality is really bad. Somehow the system is not allowing external mic and using internal mic which is capturing lot of noise. Tried typical methods but not working. If you have solution let me know)
Nifty Today: “Lunatic” - 15 Feb’22 Nifty View: In today's trading session, it was a big 500+ points recovery from the Nifty benchmark index. This brings in a lot of volatility to the overall market conditions considering that the index had lost over 500 points in yesterday's trade. Nevertheless, even after today's bounce back, the underlying short-term and intermediate trend of the index is still down. And so, as we advance, the benchmark Nifty will have to deal with immediate resistances before it confirms a short-term trend reversal. Strategically these are challenging times to time the market, especially for short-term traders. And so I suggest that keeping a low profile and trading less with lesser quantity is a better proposition rather than going aggressive.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.