Dynamic cables Triangle Breakout RoaringTriangle pattern breakout. After hitting T2 1131.85, Will head to 1391.60 which is 261.8% Fib level
Fibonacci
Time Analysis - Elliott Wave combinationSWAN ENERGY LTD is in impulse now.
In the daily chart of SWAN ENERGY LTD, Flat Correction is getting over and the price is entering in impulse now. This can be said if we combine Time analysis with Elliott wave counting.
The detailed counting of this Flat Correction can be seen in the chart above.
The 0-B trendline is broken in half time of wave C time.
(We can see wave C took 59 bars to form and after that, the price breaks above the 0-B trendline in just 30 bars)
According to the rule, the Flat Correction is over and the price is in impulse now.
The price will go to 127% for sure here, which gives us a price level of 875.45.
This analysis is based on Elliott Wave theory and Fibonacci with time analysis.
This analysis is for educational purposes only.
Indus Towers Technical Analysis: Fibonacci Support and BreakoutThe chart of **Indus Towers Ltd.** using Fibonacci retracement levels, trendlines, and RSI (Relative Strength Index). Here's a detailed breakdown:
### Observations:
#### 1. **Fibonacci Retracement Levels**:
- Key levels drawn: **0.236 (₹426.50), 0.382 (₹405.25), 0.5 (₹388.05), 0.618 (₹370.85), and 0.786 (₹346.40)**.
- The price has retraced significantly from the recent high and is hovering around the **0.786 retracement level (₹346.40)**, indicating a potential **support zone**.
#### 2. **Trendline and Breakout**:
- The chart shows a **downward trendline** connecting lower highs.
- A breakout above this trendline is evident, followed by a **retest of the breakout zone**, aligning with the Fibonacci support around ₹346.40.
#### 3. **Touches and Reversal Points**:
- Multiple resistance touches (labeled "Touch") at the upper trendline before the breakout.
- After the breakout, there was a retracement, suggesting a **possible higher low** if the price holds above the ₹346 level.
#### 4. **RSI Indicator**:
- The RSI (Relative Strength Index) is near **55.91**, which is neither overbought nor oversold, but it indicates **neutral to slightly bullish momentum**.
- RSI is approaching the midline, suggesting potential upward momentum if it sustains above the 50 level.
---
### **Key Levels to Watch**:
1. **Support Zone**:
- ₹346.40 (Fibonacci 0.786 level).
- Below this, ₹315.20 (Fibonacci 1.0 level) acts as the next major support.
2. **Resistance Zone**:
- ₹370.85 (Fibonacci 0.618 level) and ₹388.05 (Fibonacci 0.5 level) are immediate resistances.
- Breaking above ₹388 could indicate a resumption of the bullish trend.
---
### **Conclusion**:
- **Bullish Scenario**: If the price holds above ₹346 and breaks ₹370, it could rally to ₹388 or higher.
- **Bearish Scenario**: A break below ₹346 might push the price towards ₹315 or lower.
- Keep an eye on the RSI; a move above 60 could strengthen the bullish case.
Would you like further insights or trading strategies based on this analysis?
NAM-INDIA Interesting Time analysis with Fibonacci Time zonesOn NAM_INDIA when you apply Fibonacci Time on Oct 2018 trough to Mar 2020 trough you see each subsequent peak or trough is formed on next Fibonacci like peak was formed on 2nd and trough was formed on 3rd.
Stock is out of consolidation last week, making newer highs, no overhead resistances, and last week highest 52 weekly volume was seen. This give idea that by 5th Fib time zone it can remain upwards trajectory.
Combining this with basic macro and qualitative analysis can also give us hint. You know that mutual funds inflows have drastically increased in recent years so Nippon is likely to be biggest beneficiary of rising mutual funds investments. As on Oct 2024 this is 4th largest company in India as per Assets under Management(AUM) other are 1. SBI Mutual Fund(Not listed), 2. ICICI Prudential (Not listed), 3. HDFC AMC (Listed but already a mega cap).
Disclosure : I have added first tranche in stock and will add more on pullback and bounce from 730 zones with max 6-7% stop.
Do let me know your thoughts in comments.
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgment while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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NIFTY - expecting upside with support at 24440 to 24340In hourly TF, the oscillator is in buy mode, but expecting a dip towards the support/buy zone (24440 - 24340). Once we start trading above 24600 then expecting the upside level of 25130 and 25275 in the coming days. But todays low is very important for this to play out.
NIFTY - if low of 24575 holds, then it'll move higher till 24750Nifty in hourly chart gave a buy and then sell still the movement is not good. I think if the low of 24575 holds, there mighty be a move to upside till 24750.
Greaves Cotton at All Time HighNSE:GREAVESCOT
Greaves Cotton at All Time High. Stock may retest 230-235 level before reaching to Fib 61.8% upside near 300 level.
Lloyds metals & energy getting ready - Commodity energy themeLloyds metals & energy has stellar fundamentals of more than 50% ROE over last 1,3,5,10Y and excellent double digits sales & profit growth as well. Double digit ROCE, high operating cash flow with improved and sustained profit margins since 2022. Power generation is a theme that's in progress and lloyds is part of this energy theme.
Volume isn't shown. Price breakout not happened yet but RSI broke out. Price would follow. Today gapup opening of 20 rupees visible in 15 min chart has also been filled.
AMBERAMBER has given approx 20% correction from the top. Retraced about 50% from recent rally. If it doesn't close below 5700 then it may take a good bounce and me resume its rally from this levels. Risk-reward is quite in favor. RSI reversal on daily time-frame also observed. Keep it on radar. AMBER is one of the stock which IMO seems fundamentally strong as well. Do your due diligence.
RAJRATAN GLOBAL, POSSIBLE BREAKOUT CANDIDATERajratan Global, CMP 499, witnessed huge correction from ATH.
Seems like at the bottom of both rounding bottom patterns, one
from its intermediate level as well as another from ATH level.
Important Support & Resistance levels are marked. Trendline
breakout will also coincide with up movement in rounding bottom,
again with due respect to key price levels.
Tata motors - Buy in weekly TF with a dip expectedIn weekly timeframe, the oscillator is in buy mode, we may get one more dip or we may spend time around the support. If the support does not break we may move to 950-1000 minimum as a retracement of the entire fall.
CSB BANK swing+positional bullishHello Everyone,
CSB bank taking Ema 200 supporrt and rsi positive divergence also a trendline support reatrce 50% from high overall bullish view 360,390,440+ possible.
Arihant super Structure on the verge of Darvas Box breakout.-Good Volume.
-Watch for the breakout.
Entry and probable targets are mentioned in the chart.
The chart shared is for educational purposes only. Please do your due diligence and risk management.
Strong Investment Opportunity in the Gold Mannapuram Finance: A Strong Investment Opportunity in the Gold Loan Sector
Mannapuram Finance primarily focuses on gold loans, providing financial services to individuals and small businesses.
Mannapuram Finance presents a strong investment opportunity, particularly in the gold loan market, with solid financial health and growth potential
Dividend Policy: Regular dividend payouts reflect the company's commitment to returning value to shareholders.
Risks: -Exposure to fluctuations in gold prices.
OLA Perfect Reversal fibonacciNow this is thepower of the fibonacci Level in the market, How this is perfectly work
Education purpose only - TRONUSD50% of current increase... is it sufficient retracement for next upmove... only future will tell..
BLUEDART - A must watch long term portfolio stock!MONTHLY TF VIEW:
Price Observations:
1. Good Volume support
2. Price structure is bullish
3. Reclaiming 9 years BO level
4. Bouncing from Monthly swing 50% fib level.
5. Bouncing from the Weekly Demand zone
6. Earnings are showing good growth as well.
Trade Plan:
1. Entry can be planned above 7900 with 15% Sl
2. Targets can be huge 14000 I'm expecting not immediately but eventually will reach there. Since it is a portfolio pick. For swing trade 9000 & 10000 can be considered as the TP levels
- Stay tuned for further insights, updates and trade safely!
- 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
EUR-AUD | 4h | Swing Trading hello traders, i have prepared FX:EURAUD analysis for you. i have set my entry level, stop level and target level on the chart. all i ask from you is to support me with your likes. thank you to everyone who likes it.
C&H BREAKOUT IN SHREE PUSHKARShree pushkar 345, gave multi year breakout on daily weekly charts. Classical cup and handle pattern breakout with fibonacci extension showing target of 500 coming soon. above 500 we will review
Trade analysis - NIFTY 50 - 2nd dec 24Multi reason Support bounce - Trendline (bold white) +PSY 24k + fib
