IEX on the verge to breakoutIEX took support at 117 which is 61.8% Fib Level. Another support formed at 130. Chart & RSI is about to breakout.
Fibonacci
BSE: Buy Asia's Oldest Exchange for Multibagger return !!!NSE:BSE is one of the oldest stock exchanges in the world is surely a value pick at current levels.
Elliott wave is a simple yet powerful technique to form a good trading setup!
It is important to understand this concept properly before trading or investing. If applied prudently with proper understanding it is very much possible to take investment or trading decisions right from the smallest time frame for Intraday trading to long-term charts for investment decisions.
BSE is trading at the fresh record high. Stock is moving up by following classic Elliott wave theory. Currently Primary wave 5 is ongoing on the upside. As per guidelines wave 5 target is equal to wave 1.
So, Investors can continue to Accumulate at current levels and on dips for a move towards 10/20k marks by 2026/2027
Also the intrinsic value of investments along with its future plans makes it an exciting stock.
Considering the investments it has, the core business is available at a cheap price
suggesting the current market cap is less than the investments/cash it has in the books.
Classic double top petern in gold sell the bounceAfter very good rally in gold, it's time for correction or profit booking
Torrent pharma is super strongTorrent pharma is growing exponentially without any break.
once it cross above 2090,
It can give a 13 to 25 % move
Shree Cement looking slight bearish on weekly charts.Shree cement has been in a bearish move and a retest to 38.2% fib levels is also there on the weekly charts.
The stock is trading around 25500 levels and the price action formation is looking bearish.
Bearish engulfing candle and rejection from 20 ema adds on to the confluence. Though the markets are trading at ATH and chances are there of a profit booking.
If the stock start trading below the support zone around 24400 levels, a shorting opportunity may be captured in the stock.
The stock is trading near a high volume area. It is showing some selling happening around 26000 level.
Entry can be made once the price start trading below 25400 with proper SL.
Another entry for new trades can be made below the support zone.
Targets are marked and can be achieved in 1-2 weeks after the entry triggers.
Wait for the price action near the levels before entering the trade.
Total Mkt Index - Bearish - ConsolidationLooks like total market index is in consolidation zone. Weekly Candlestick showing evening star bearish pattern. RSI(34) is below it's moving average
LONG $TAOwe will long TAO as it hit the demand zone and also is in accordance with the Fibonacci at the time
Positional Trading Idea on L&T with Fibonacci LevelNSE:LT
Stock closed above ATH on 28th March 2024. If drawing Fibonacci Extension taken into account of recent High and Low then the 1.618 Fibonacci Extension level comes near 4038 level. Long Position may be initiated at CMP with Trailing SL 3700 for the target near 4038 level.
Positional Trading Idea on Bajaj Finserv for Short TermNSE:BAJAJFINSV
Bajaj Finserv is on the verge of Breakout of Symmetrical Triangle. The difference between recent high low is around 850 point (1925 - 1075 approx). Adding 850 to probable upside Breakout near 1700 comes to a target around 2550 level.
Calculating Fibonacci Extension of 1.618 level considering recent High near 1925 and Low near 1025 come to level around 2450 level.
So, Breakout target above 1700 is between 2450 - 2550 level with Trailing Stop Loss around 1550 level.
Nifty wave count and trend Nifty view is clear - short term down
In daily chart 20SMA and Weekly AVG giving support.
if breaks next target will 40 EMA - 0.618
below that market trend will be totally changed
Banknifty weekly expiry analysis for 16/04/24.The market has reacted to the war situation and has given a fall of around 800 points.
Banknifty has taken support from the 20 ema on the daily charts and the support zone around 47740 level.
Even on the hourly charts, the market is trading between both the moving averages and chances of taking support around 200 ema is there.
Tomorrow is weekly expiry and there is chance of a trending expiry move in the market as last few expiry were side ways.
Major support level :- 47750, 47400.
The market is looking bearish and the closing is below 38.2% fib levels. 50% fib level can be tested and a support around the level can be seen.
If there is a gap down opening, a recovery can be seen as many will be booking profits. Flat opening and a break down in the second half can keep the market trending.
Wait for the price action near the levels before entering the market.
INSPIRE - Weekly AnalysisIn the Weekly Chart of INSPIRE ,
we can see that, it is trying to build a Price Action in upward direction.
Expected momentums are shown in chart.
FASP levels for Nifty 12/04/2024The FASP for Nifty is listed for 12-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Retracement Before Next rally?OANDA:XAUUSD
2350 2360 as expected has turned out to be a Stronger selling zone.
And it has been respected beautifully as of now.
Retracement May continue till 2270 Zone
Only Below 2270, Bearishness could intensify.
Although this correction is to be treated as retracement only.
Gold may bounce back even before 2270 depending on price action.
Sell on rise only below 2270
Until then, Buy the dips.
Retesting Triangle Pattern | Long Bias On 4h TF
GALA has broken out the pattern, now it's retesting support
The target around $0.15 for this bullish
Time will tell
FASP levels for Bank Nifty 12/04/2024The FASP for BankNifty is listed for 12-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
MATTER or CONCERN..?As we can see NIFTY is now trading at higher level of channel and we also saw signs of weakness around that. Hence further unless NIFTY manages to break this channel and sustain itself above, we may see NIFTY being weak to sideways in coming trading sessions so plan your trades accordingly.
FASP levels for Nifty 10/04/2024The FASP for Nifty is listed for 10-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP levels for Bank Nifty 10/04/2024The FASP for BankNifty is listed for 10-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
ORDI will break out of consolidation ORDI has been in this range for a while now. It's a big range and consolidation was much needed after a huge rally.
Now, Ordi has testing 70.5 to turn into support. Invalidation for this trade is a daily close below 58
A move to 150 is in the books in the coming months.
Not financial advice. Just sharing my thought.
NIGL Multi bagger trade set up with 1:35 RR1. Trend: Probable reversal
2. Set up: Reversal
3. RR: 1:35+
4. SL follow on closing basis
FASP levels for Bank Nifty 09/04/2024The FASP for BankNifty is listed for 09-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP levels for Nifty 09/04/2024The FASP for Nifty is listed for 09-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
