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Fibonacci

BANKNIFTY: Potential Selling Pressure AheadTopic Statement: BANKNIFTY may face selling pressure as the breakdown of the long-term trendline signals a downtrend towards retracement levels which will act as potential support zones. Key Points: 1. The long-term trendline breakdown indicates a downtrend. 2. Retracement levels will be the targets during a correction. 3. Medium-term correction may occur up to the 38.2% retracement level with support around 40,000. 4. Long-term correction may occur up to the 50% retracement level with support around 35,000.
NSE:BANKNIFTYShort
by yogeshwar
"LEMONTREE Approaching Key Resistance: Breakout or Reversal?" "🛎 LEMONTREE is trading near a major resistance zone of ₹159-160. This level has acted as a barrier in the past, but the recent uptrend and strong volumes signal potential bullish momentum. 📈 Technical Highlights: Resistance: ₹160 (critical breakout level). Targets: ₹170 | ₹180 | 200 (on successful breakout). Stop-Loss: ₹145-₹150 (below recent consolidation). 🔍 Watchlist Points: A strong breakout above ₹160 with increased volume could propel the stock toward ₹170-₹200. Failure to break ₹160 might result in a retest of ₹145-152. 💡 Strategy: Aggressive traders can enter on a breakout above ₹160. Conservative traders may wait for a retest of the breakout level before entering. #SwingTrading #LEMONTREE #BreakoutTrade #StockMarket #TechnicalAnalysis
NSE:LEMONTREELong
by TraderChhabra
"Kalyan Jewellers (KALYANKJIL): Fibonacci Targets After BreakoutKalyan Jewellers (KALYANKJIL) is at a critical juncture after confirming a bullish inverted head & shoulders breakout. The stock is currently retesting its neckline around ₹773.45, presenting a compelling risk-reward setup. 1.Pattern Formation: ->The inverted head & shoulders pattern is intact, signaling bullish momentum. ->Neckline at ₹773.45 acts as the key breakout level. 2.Fibonacci Targets: ->1.618 (₹812): Immediate target. ->2.618 (₹871) and 3.618 (₹929): Mid-term targets. ->4.236 (₹965): Extended target for strong bullish momentum. 3.Support Levels: ->₹724 (0.786 retracement): Strong support from Fibonacci and previous lows. ->Trendline Support: Indicates continued uptrend. 4.Risk-Reward Setup: ->Buy Zone: Sustained move above ₹773.45 with volume. ->Stop-Loss: ₹718.60 to minimize downside risk. ->Targets: ₹812, ₹871, ₹929, and ₹965. Final Thoughts: The stock is consolidating near its neckline, providing an opportunity for bullish traders to enter with defined risk. The Fibonacci levels align perfectly with the pattern targets, adding further confidence in the upside potential. Are you tracking this breakout? Let us know your targets and stop-loss levels in the comments below!
NSE:KALYANKJILLong
by TraderChhabra
Another directional RALLY coming up..?As we can see BANKNIFTY did respect its strong demand zone but remained flay throughout the day after opening strong. But following the bigger tf we can see BANKNIFTY trading at very crucial demand zone which has become weak now. Hence any closing and sustainment below the demand zone can lead to unidirectional 2000++ downfall as it would not only break the demand zone but also break the psychological level of 50000 so plan your trades accordingly and keep watching.
NSE:BANKNIFTY
by Wealthcam
Database in trading SQL remains a fundamental tool for querying and managing data. SQL's simplicity and power make it accessible to both beginners and experts. In trading systems, SQL enables efficient data retrieval and manipulation. Users can write SQL queries to analyze market trends and execute trading strategies. Postgres is an open-source production-ready database with lots of use cases. Mongo is a NoSQL alternative that can sometimes be much faster than SQL databases. Arctic is built upon Mongo to make it even more helpful for those who work with market data, as Arctic supports pandas dataframes and NumPy arrays by default.
NSE:AXISBANKEducation
by SkyTradingZone
3
Corrective rise in Reliance The current upmove in Reliance is corrective. The recent low was made near the 111% level, which is considered the wave B level of Flat Correction. The price is in wave C currently. If anyone is interested in buying Reliance, there is a buying opportunity in the blue box. The stop loss will be below wave B. The targets are open as: Minimum 61.8% (the price is near this level) Rule of equality 100% Extended golden ratio 161.8% This analysis is based on Elliott Wave theory and Fibonacci. This is not buying recommendations. Always do your research before taking any action. For educational purposes only.
NSE:RELIANCELong
by theprofityogi
1
Balkrishna Industries (BALKRISIND) Monthly Chart AnalysisThe technical setup combines Fibonacci retracements, trendlines, and moving averages to reveal key insights into future price action. The following analysis covers key support and resistance levels, bullish and bearish scenarios, and potential trade opportunities. Trend Overview : The stock is in a long-term uptrend, supported by a rising trendline that has acted as a strong base. Recent corrections indicate a healthy retracement within this uptrend. Fibonacci Retracement Levels : The Fibonacci retracement is drawn from a major swing low to swing high. Key levels: 23.6% at 3,096.30. 38.2% at 2,966.30 (currently breached). 50% at 2,785.30 (tested as support). 61.8% at 2,605.30 (a critical level for buyers). 78.6% at 2,466.30 (final support zone). Support Zones : Primary Support: 50% retracement at 2,785.30 coinciding with EMA-21 (~2,661.59). Secondary Support: 61.8% retracement at 2,605.30 aligned with a consolidation zone. The long-term trendline also intersects around these levels, adding confluence. Resistance Zones : Immediate Resistance: 23.6% retracement at 3,096.30. Strong Resistance: Previous swing high near 3,374.30. Psychological resistance at 3,500. Exponential Moving Averages (EMAs): EMA-9 at 2,850.54 is currently supporting the price. EMA-21 at 2,661.59 aligns with the 50% Fibonacci level, acting as a critical support zone. The EMAs are in a bullish crossover, indicating long-term strength despite short-term corrections. Volume Analysis : Monthly volumes are consistent, with higher volumes during bullish candles, signaling strong institutional interest. The recent pullback has seen declining volumes, suggesting a lack of aggressive selling. Bullish Scenario : If the price holds above the 50% retracement (2,785.30) and regains 3,096.30, the uptrend could resume. Breakout above 3,374.30 may lead to new all-time highs, targeting 3,826.20 as per the Fibonacci extension. Bearish Scenario : A breakdown below the 61.8% retracement (2,605.30) and the long-term trendline could invalidate the uptrend. Further downside could target the 78.6% retracement at 2,466.30 and psychological support at 2,400. Trade Plan For Bulls : Entry: Near 2,785.30 (50% retracement) with confirmation of reversal signals. Target 1: 3,096.30 (23.6% retracement). Target 2: 3,374.30 (previous high). Target 3: 3,826.20 (Fibonacci extension). Stop Loss: Below 2,605.30 (61.8% retracement). For Bears : Entry: On breakdown below 2,605.30 with strong bearish momentum. Target 1: 2,466.30 (78.6% retracement). Target 2: 2,400 (psychological level). Stop Loss: Above 2,785.30.
NSE:BALKRISINDLong
by handaakshsy
ipo stock UNITED HEAT TRANSFERAbove 108 we can see a bullish momentum in the price as pert advance technical analysis. United Heat Transfer Limited, India is a complete engineering manufacturing company with a range of Shell & Tube Heat Exchangers, Air Cooled Heat Exchangers, Marine Heat Exchangers, Safe Tube Heat Exchangers, Moisture Separators, Automatic Backflush Filters, Pressure Vessels & Process Flow Skids Equipment. The company extends its expertise with the growing national & multinational OEM industry for Heat Exchangers, Moisture Separators, Pressure Vessels & Process Flow Skids.
NSE:UHTLLong
by TechnicalAnalystSucrit
JUBLFOOD: Recovery Phase with Bullish PotentialJUBLFOOD has shown remarkable recovery from its low of ₹438.70 and is now trading near a critical resistance zone at ₹710-714. 📈 Key Levels: Resistance: ₹714 (Breakout could lead to ₹784, ₹912, and ₹1040 targets). Support: ₹609-650 and ₹438.70. 🔍 What to Watch: ->Sustained breakout above ₹714 will confirm bullish momentum, opening doors for higher targets. ->Rejection at this level may lead to a consolidation or a pullback toward ₹650. 💡 Trading Idea: ->Long above ₹714 with a stop-loss at ₹650 and targets at ₹784, ₹912, and ₹1040. ->Wait for confirmation before entering the trade. Volume-backed buying indicates strong interest, and breaking the trendline could further accelerate the upward move. Keep an eye on this one! 🚀
NSE:JUBLFOODLong
by TraderChhabra