Strong buy trend in daily and came fro a 61.8% fib retracement. Going down to the lower timeframe the market has swifted from a bullish to a bearish market. So we are int this trade
Based on the weekly chart, KSCL has broken out of a long descending triangle/pennant. A measured move of the flagpole gives a target of 900. Fib 1.618 extension also shows tentative 900-910 on cards.
As per technical analysis , 234 was a breakout and it was covering perfect trendling to give a expected breakout. you can use the fibonacci retracement for this type of chart to get the levels. Breakout also have some resistance in above level which can also be trace from fibonacci. Fibonacci is math term which is a series of number created by doing same action...
Ascending Trendline with multiple touches. Breakout at the resistance followed by retracement. Continuation of up-trend anticipated.
I am buying this because the market has already reversed in 4 hrs
Chart is telling a really good story :)
HCL TECH EQUITY levels ...18/05/2021 (D candle)
NESCO EQUITY levels ...18/05/2021 (W candle)
BAJAJCON EQUITY levels ...18/05/2021 (D candle)
PRESTAGE EQUITY levels ...18/05/2021 (D candle)
ABB EQUITY levels ...18/05/2021 (D candle)
Wave C seems to be ended today near 14590 v of C was ending diagonal with internal zig zag moves. Fresh Impulse has started 1,2 done and 3 started or a,b done and C in progress. Expecting 1.382-1.618 when 3 or C goes up beyond 1.618 level extension is expected. ###Earlier idea link can be found below#### DISCLAIMER:There is no guarantee of profits nor...
Stock has history of moving in Flag and Pole Pattern. Looks like Pole has been created on weekly Chart, Pole can become bigger if 168.8 cross this week else Stock can go sideways. 140 can become good accumulation zone with Stop loss of 120.2 Targets: 2.618 Fibo ie 204 and 3.618 Fibo 243 Duration : 1-2 Years Fundamentally 230 looks Fair Valuation in fact if...
Stock is cautiously making Higher Highs on Monthly Chart with decent Volumes. Fundamentally Stock is at Fair Valuation of around 8k crs Market Cap, but script can become Over Value also. So keep Trailing Stop losses on current position. SL – 1096 (Weekly Close) If Script crosses 1400 then New Trailing Stop loss should be 1180. Targets – 2.618 Fibo 1566.2 and...
Go Long above 912.1 for Targets of 927.7, 943.25, 958.85, 974.5, 990.15, 1005.65, and 1021.25 with SL 896.5 Reasons to go Long : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level. 2. A bullish candlestick pattern, Bullish...