KEL Simplest possible trade set up1. Trend Bullish reversal
2. Set up: Fib 61 levels reversal points
3. RR: 1:10+
4. SL: follow on closing basis below the 61 levels
Fibonacci
Andhra Paper Clear BreakoutAn undervalued company with P/E<5. Not every low P/E are good. But Andhra paper is exceptionally good in terms of fundamentals. Working capital reduced drastically. Improved profitability and operating cashflow with stellar operating profit margin. Expected Target 880.
Can be held long term as well as it's undervalued.
Disclosure: Holding before this stellar breakout
Gold intl and MCX sell we will see good fall 2290, 2250 tgtOn Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
XAUUSD NEXT MOVEMENTGold continuing sell after taking the daily liquidity. And it started sell from the week. Hopefully the final target will be 2234.
Nifty Support & Resistance Levels for 14.05.2024Nifty found support within the 21800 to 21850 zone and staged a commendable recovery, rallying nearly 300 points from the day's low. The nearest resistance levels are anticipated between 22148 and 22187, as well as between 22244 and 22369, with a further resistance zone identified at 22409 to 22589. Meanwhile, the nearest support remains unchanged from the last post, situated at 21770, a significant Fibonacci level at 61.8%.
Analysis for the weekHey guys this is VHT your mentor and i am here guys with my analysis and how ultimately we all could make some money
BANKNIFTY in better shape than NIFTY As we can see BANKNIFTY has not yet breached the lower trendline despite NIFTY’s weakness which has breached the lower channel. Though BANKNIFTY is yet to take support at lower trend line, we may expect BANKNIFTY to show REVERSAL from given zones hence any signs of REVERSAL at the trendline could be a good buy keeping SL closing basis below the trendline so plan your trades accordingly guys.
Positional Trading Idea on GRASIM with Fibonacci LevelNSE:GRASIM
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 2358 level. Long Position may be initiated at CMP with Trailing SL 2240 for 1st target near 2358 and 2nd target at 2.618 Fibonacci extension level near 2500.
Reliance Wave CountNSE:RELIANCE
Wave 2 retraced 30% of Wave 1
Wave C achieved Equality to A
Mostly Wave 2 Bottom in Place.
Wave 3 Rally shall commence.
ShareIndia Securities ReversalShareIndia 61.8% fib level of wave 2 to 3 held as support. Looks like wave 3 to 4 is over. Still don't see positive divergence in weekly chart. Can expect final wave to rise and reach above target levels as per chart.
ULTRACEMCO Near Support and FIB 50% NSE:ULTRACEMCO This Guy Rejected from the Resistance Now Trade in Downtrend Channel and Near Support and FIB 50% Let's see Support Hold or Break Even Break the Support We need Weekly Closing For Downside Plan
Nifty50 Support And Resistance 10-May-24Please find below simple resistance and support:
Resistance: 21915
If crossed up then will see upward move:
TGT:
Support: 21783
If crossed down then will see downward move:
TGT: 21812
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
Castrol india analyasis on 8 May 24Castrol india analyasis on 8 May 24
Good stock to buy now
Stock PE 21.95 less than industry PE 35.85
Good FII Holding 9.51% and promoter 51%
keep stoplos 170
target 220 - 250 - 270 - 290
(all target are fibbonacci level)
Nifty50 Support And Resistance 9-May-24Please find below simple resistance and support:
Resistance: 22369
If crosses up then will see upward move:
TGT: 22480
Support: 22246
If crosses down then will see downward move:
TGT: 22185
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
KotakMahindra BreakoutKotakMahindra Breakout, Resistance at 1487
It has given a breakout, positive sentiments with good returns
Deepak Nitrite Quarterly chartDeepak Nitrite Fundamentally Strong company. Institutions increased stakes in Apr-Jun Quarter. Triangle breakout. Will fire once consolidation breaks out.
Dow Current Rally could fail to complete Rest Before Next Up legJust for educational purpose trade at your own risk.
I only trade Indian markets.
Nifty50 Support And Resistance 6-May-24 💥 Please find below simple resistance and support:
Resistance: 22526
If crossed up then will see upward move as follows:
TGT: 22589
Support: 22411
If crossed down then will see downward move as follows:
TGT: 22348
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY PROFESSIONAL.
We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise.
Please Understand That Using This Information Would Be Totally At Your Own Risk.
****************************************************************************
𝐃𝐈𝐒𝐂𝐋𝐀𝐈𝐌𝐄𝐑: We/I are not 𝐒𝐄𝐁𝐈 ( Securities and Exchange Board of India ) Registered. The Information Provided Is For Educational & Instructive Purposes Only. Our Intention Is Not To Provide Any Financial Advice, Investment Advice, Training Advice, Or Any Other Advice. This Is General Information And Is Not Explicit To You Or Anyone Else.
Without The Consultation Of Any Professional, We Strictly Recommend You Not To Make Any Decisions, Financial, Investments, Trading, Or Otherwise. Please Understand That Using This Information Would Be Totally At Your Own Risk.
Do Not Take Any Action Unless You Are Set Up To Continue An
'All Out Misfortune " or "Total Loss".
Your Misfortune Could Incorporate Cash You Contributed Just As Commissions And Exchange Charges
ANURAS - Weekly AnalysisIn the Weekly Chart of ANURAS ,
we can see that; after applying FIBO, it as created a Hammer Candle on 0.6 level which acted as reversal point thrice.
Enter on breaking its high with low as SL.
Positional Trading Idea on Varun BeveragesNSE:VBL
If stock crosses above 1562 ATH Resistance then stock may reach the 1.618 Fibonacci extension target near 1700 level in upcoming days on 1 Hour chart. Trailing Stop Loss below 20 period Moving Average or Super Trend support whichever is low.
Trading Idea on IREDA with Fibonacci ExtensionNSE:IREDA
Drawing Fibonacci Retracement and Extension of recent High near 215 and Low near 121, stock is trading below 0.618 retracement level. Stock has potential to touch All Time High level if crosses above 178 and maintain to trade above 178 level on weekly closing basis.
Stock has potential to go 270 level if crosses ATH level on the weekly close basis.
Trailing Stop Loss near 0.382 retracement level i.e. around 155.
Positional Trading Idea on VedantaNSE:VEDL
Vedanta is closed near 341 resistance level. Crossing above 341 may lead stock to near 390 level. Trailing Stop Loss near 315 level. Drawing Fibonacci extension considering recent High near 341 and Low near 207, the 1.618 extension level is around 420 level. Stock is expected to touch 390- 420 level in near term.
Positional Trading Idea on Concord BiotechNSE:CONCORDBIO
Daily close above 1565 level may lead the stock with 1st target near 1695 at 1.618 Fibonacci extension level. If stock cross 1700 level then lead to around 1900 level. Trailing Stop Loss near 1500 level.
