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Fibonacci

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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
LICI: Oversold at Key Accumulation Zone Topic Statement: LICI's stock price has taken a severe beating, now oversold and trading in an accumulation zone around 900, which aligns with the 50% retracement level and lies below the 180-day moving average. Key Points: 1. The stock is trading in an accumulation zone around the crucial 900 level. 2. 900 corresponds to the 50% retracement level, indicating a potential support zone. 3. The price is below the 180-day moving average, signaling oversold conditions.
NSE:LICILong
by yogeshwar
SONATA SOFTWARE - Expecting ATH | 40% upside potential Price Analysis & Overview: 1. Prices have taken support from the fib golden zone. 2. EMA are also supporting the trend. 3. Minimum ATH resistance level will be expected. 4. Above 720 RSI will show further strength for bullish momentum. 5. RRR is favourable. 6. Retracement based trade setup. Trade Plan: 1. ENTRY = CMP 590 2. SL = 10% 530 3. TARGET = 40% 800++ - Stay tuned for further insights, updates and trade safely! - These are my personal views. - If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading! Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing. Thanks & Regards, Anubrata Ray
NSE:SONATSOFTWLong
by SuperNova396
BTC headed down to $86,000 by mid Jan 2025 before reversing upBTC completed Wave 3 of its impulse wave in mid December. The wave started back in August 2024 (see orange numbers). It is now pulling back in Wave 4 in a typical ABC correction, having completed sub wave A and more than halfway through sub-wave B. Once it tops sub wave B by first week of Jan, it will move down in Wave C all the way down to $86,000. (see blue letters) Once Wave 4 is completed, it will reverse to complete Wave 5 with a top of 115,000 by mid February 2025
COINBASE:BTCUSDLong
by sohumm
ETH will fall to $2,900 by mid January 2025 and then reverse upETH started an impulse wave in early August and completed wave 5 in mid December (shown in orange numbers) It has been in an ABC correction since mid December and has completed Wave A and about to complete a relief Wave B before heading down to a Wave C that will take it to 2,877 by mid January. (shown in grey letters) Once the ABC correction wave ends, it may start a new impulse wave. Bottomline: expect ETH to move down to $2,877 by mid Jan 2025 before starting a new impulse wave towards 4,000.
BITSTAMP:ETHUSDLong
by sohumm
Nifty50 - November 2024 viewIn my October view, I had mentioned that it is time to be cautious as Nifty was near an important zone of 26240-26270 and we have seen more than 2000 points fall since then. FIIs have sold more than 1.3 lakh crore of equity in last 40 days. Let's analyze what can be expected in this month. We have seen nearly 10% correction from ATH in Nifty50. 23900 is acting as a support currently which is also its 78.6 % fib extension. On the downside:- Below 23900, I am expecting at least 23300 which is near the trendline support. On the upside:- 24300, 24800 & 25000 would act as a strong resistance. Current view is sideways to bearish till 25000 is breached on weekly closing basis Till then, market will remain on sell at high.
NSE:NIFTY
by chartistamey