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Fibonacci

NIFTY 50 : Fibonacci Levels and Potential MovementsLooking at the recent Fibonacci retracements on Nifty, we’ve observed a pattern where the price tends to reverse from the 0.5 level and move towards the 1.47 extension level. Let’s take a closer look at the last three Fibonacci retracements: 1) 26777 to 23263 2) 24857 to 23460 3) 24857 to 22786 Now, if we plot Fibonacci from 24857 to 21965, the 0.5 level comes out to 23415. As we’ve seen in previous cases, the price tends to return from the 0.5 level. If Nifty forms a red candle on a daily basis at this level (23415) and the next candle breaks the low of the previous candle, then there is a possibility for Nifty to reach the 1.47 extension level, which is around 20600.
NSE:NIFTY
by arnavijaygupta
HINDUSTAN FOODSStock Overview Hindustan Foods Ltd, traded on NSE, current price: INR 564.90. The company specializes in manufacturing food products and beverages. Key Levels Support (Yellow Zone): INR 415.35 - INR 486.70 Swing Zone (Green Zone): INR 531.25 - INR 572.85 Target Levels (T): INR 726.30, INR 797.65, INR 888.45, INR 1,150.80 Technical Indicators RSI (Relative Strength Index): Currently at 53.55, indicating neutral momentum as it is neither overbought (>70) nor oversold (<30). Volume: 395.38K, reflecting active trading and interest in the stock. MA (Moving Average): The stock price is above the 200-day moving average, suggesting a potential bullish trend. Sector and Market Context Hindustan Foods Ltd operates within the consumer goods sector, which has demonstrated resilience and steady growth. The broader market trend has been positive, with consumer goods stocks benefiting from increased demand and economic recovery. Risk Considerations Potential risks include: Market volatility. Shifts in consumer preferences. Regulatory changes. Economic downturns that could impact performance. Analysis Summary Hindustan Foods Ltd exhibits stable performance with clearly defined support and resistance levels. Technical indicators suggest a neutral to bullish outlook. Investors should consider the broader market conditions and sector performance while making decisions, keeping in mind the identified risks.
NSE:HNDFDSLong
by TechnicalAnalystSucrit
Dixon Corrects After Strong Bull Run Topic statement: Dixon was on a strong bullish streak, becoming overbought, and has finally faced a correction after breaching its up trendline, leading to increased selling pressure. Key points: - The up trendline was breached, triggering selling pressure. - Price has taken support at the 38.2% retracement level. - The stock is still above the 90-day EMA, and the weekly MFI is at 30. - If the 38.2% retracement level fails to hold, further correction to the 50% retracement level is possible.
NSE:DIXON
by yogeshwar
ready for cheers RADICO KHAITANStock Overview: Stock Name: Radico Khaitan Ltd, Exchange: NSE Company Business Profile: Radico Khaitan Ltd is a leading Indian company specializing in the manufacturing and distribution of alcoholic beverages, including spirits and liquors. Key Levels: Support (Yellow Zone): ₹1,688.35 - ₹1,891.25 Swing Zone (Green Zone): ₹2,032.45 - ₹2,148.10 Technical Indicators: RSI (Relative Strength Index): Currently at 53.69, indicating neutral momentum. RSI values above 70 suggest overbought conditions, while below 30 indicate oversold conditions. Volume: 410.85K shares traded, reflecting moderate activity. Higher volume often signals increased interest in the stock. MA (Moving Averages): The stock price is above the 200-day moving average (₹1,437.52), suggesting a long-term uptrend. Sector and Market Context: Radico Khaitan Ltd operates within the alcoholic beverages sector, which is influenced by regulatory changes, consumer trends, and economic conditions. The sector shows resilience, and the stock's position above its long-term moving average aligns with the broader bullish market sentiment. Risk Considerations: Potential risks include regulatory changes impacting the alcoholic beverages industry, fluctuations in raw material costs, and shifts in consumer preferences. Broader market conditions, such as economic downturns or geopolitical events, could also affect the stock's performance. Analysis Summary: Radico Khaitan Ltd demonstrates a strong upward trend, supported by key technical levels and indicators. While the long-term outlook appears positive, investors should remain cautious of potential risks and market conditions. This analysis is for informational purposes only and does not constitute investment advice.
NSE:RADICOLong
by TechnicalAnalystSucrit
ready for targets GUJARAT THEMISStock Overview Gujarat Themis Biosyn Ltd (NSE: GTBL) is currently trading at ₹257.90. The company operates in the pharmaceutical and biotechnology sector, focusing on fermentation-based active pharmaceutical ingredients (APIs). Technical Indicators RSI (Relative Strength Index): Currently at 54.52, indicating a neutral stance. It suggests neither overbought nor oversold conditions, leaving room for further price movement in either direction. Volume: The recent volume stands at 27.14K, showing moderate participation. Increased volume around support or breakout levels could confirm the trend. Moving Averages (MA): The stock appears to be trending above a rising support channel, indicating a potential uptrend continuation if it holds above the key levels. Sector and Market Context The pharmaceutical and biotechnology sector has been witnessing moderate growth, driven by increasing demand for healthcare products. However, sector rotation and overall market sentiment may impact GTBL’s movement. The NIFTY Pharma Index's performance should be monitored for broader trends.
NSE:GUJTHEMLong
by TechnicalAnalystSucrit
IndusInd Bank Plunges on Accounting ConcernsTopic Statement: IndusInd Bank has faced a massive selloff following accounting discrepancies in its derivatives portfolio, pushing the stock into oversold territory. Key points: - Stock has broken the 61.8% retracement level, indicating the selling pressure may continue until a full 100% retracement towards Rs 243. - Price has overextended below the 180-day EMA, making the stock oversold. - MFI on the weekly chart is at 20, denoting highly oversold conditions.
NSE:INDUSINDBK
by yogeshwar
Triveni Turbine - Chart of the Week NSE:TRITURBINE has a beautiful structure on the Weekly Timeframe to Qualify for my Chart of the Week idea, it saw Decent Volumes around the marked Key Levels which is 0.786% Fib Retracement Levels and also a Rising trendline which has been defending since June 2022 Several Times. About: NSE:TRITURBINE primarily manufactures and supplies power-generating equipment and solutions. It was a division of NSE:TRIVENI since the 1970s and was demerged w.e.f from Oct 2010 into a separate entity. Trade Setup: Could be a good Positional Trade with the Rising Trendline Being a Major Support along with FIb Levels. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:TRITURBINELong
by Karanshah137
7
GSK Pharma - Chart of the MonthNSE:GLAXO has a beautiful structure on the Monthly Timeframe to Qualify for my Chart of the Month idea, it saw Heavy Volumes around the marked Key Levels which broke out and retested went to ATM and Again Retested and Bounced from that Place With Volumes in Last Month. Also if we Use Fibonacci retracement it bounced from Crucial 0.618 Levels. About: NSE:GLAXO researches, manufactures and makes available a broad range of medicines and vaccines that benefit people, It's a Leading Global healthcare company part of GlaxoSmithKline plc (GSK), a British multinational pharmaceutical company headquartered in London. Trade Setup: Could be a good Positional Trade with those Key Levels as Major Support and AIM for New ATH. 📌Thank you for exploring my idea! I hope you found it valuable. 🙏FLLOW for more 👍BOOST if useful ✍️COMMENT Below your views. Meanwhile, check out my other stock ideas on the right side until this trade is activated. I would love your feedback. Disclaimer: "I am not SEBI REGISTERED RESEARCH ANALYST AND INVESTMENT ADVISER." This analysis is intended solely for informational and educational purposes only and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NSE:GLAXOLong
by Karanshah137
book your flat KOLTE-PATILStock Overview Stock Name: Kolte Patil Developers Ltd. Exchange: NSE Current Price: ₹252.35 Company Business Profile: Kolte Patil Developers Ltd. is a real estate company engaged in developing residential, commercial, and retail properties. Technical Indicators RSI (Relative Strength Index): Currently at 48.13, indicating neutral momentum as it hovers near the midpoint of 50. Volume: 11.25M, reflecting active trading and liquidity. Moving Average (MA): The 50-period Simple Moving Average (SMA) is at ₹338.59, suggesting the stock is trading below its short-term trend line. Sector and Market Context Kolte Patil Developers Ltd. operates in the real estate sector, which is influenced by factors such as interest rates, economic growth, and government policies. The stock's performance aligns with broader real estate market trends, which have shown moderate growth recently. Additionally, overall market sentiment and macroeconomic conditions play a significant role in shaping its trajectory. Risk Considerations Market Risks: Volatility, changes in interest rates, and economic downturns. Sector-Specific Risks: Regulatory changes, project delays, and cost overruns. Company-Specific Risks: Management changes or operational inefficiencies could impact performance. Analysis Summary Kolte Patil Developers Ltd. exhibits neutral momentum with the RSI near 50 and is trading below the 50-period SMA. The identified support and swing zones provide critical levels to monitor for potential price movements. While the target levels indicate possible upside, investors should carefully consider the associated risks and market conditions before making decisions.
NSE:KOLTEPATILLong
by TechnicalAnalystSucrit
possible pole n flag breakout in GLOBUS SPRITISStock Overview Stock Name: Globus Spirits Ltd. Exchange: NSE (National Stock Exchange of India) Current Price: ₹881.20 Business Profile: Globus Spirits Ltd. is a leading player in the alcoholic beverages industry, specializing in the production and distribution of Indian Made Foreign Liquor (IMFL), Country Liquor, and Bulk Alcohol. The company operates across multiple segments, catering to diverse consumer preferences. Key Levels Support (Yellow Zone): ₹709.65 Swing Zone (Green Zone): ₹1,310.20 Target Levels (T): T1: ₹1,711.15 T2: ₹1,996.50 T3: ₹2,360.05 Final Target: ₹3,409.90 Technical Indicators Relative Strength Index (RSI): Current RSI: 49.54, indicating neutral momentum. RSI values above 70 suggest overbought conditions, while below 30 indicate oversold conditions. Volume: Current Volume: 964.3K. High volume during price increases confirms strong buying interest, while low volume during declines suggests weak selling pressure. Moving Average (MA): The 50-period Simple Moving Average (SMA) is ₹915.57. The stock trading below this level indicates potential bearish sentiment. Sector and Market Context Sector Performance: Globus Spirits Ltd. operates in the alcoholic beverages sector, which has shown resilience amid fluctuating market conditions. The sector benefits from steady consumer demand and favorable regulatory policies. Market Trends: The broader market has been moderately bullish, with indices showing gradual recovery. However, sector-specific factors, such as raw material costs and excise duties, remain critical. Risk Considerations Market Risks: Volatility in the broader market due to macroeconomic factors like interest rate changes or geopolitical events. Sector-Specific Risks: Regulatory changes, fluctuations in raw material prices, and shifts in consumer preferences could impact performance. Stock-Specific Risks: Potential earnings misses or management changes may influence investor sentiment. Analysis Summary Globus Spirits Ltd. presents a mixed technical outlook. While the RSI indicates neutral momentum, volume trends suggest periods of strong investor interest. The stock's performance is closely tied to sector trends and broader market conditions. Investors should monitor key levels and remain cautious of potential risks. This analysis is for informational purposes only and does not constitute financial advice.
NSE:GLOBUSSPRLong
by TechnicalAnalystSucrit
ready to fire missile BDLTechnical Analysis Report Stock Overview Stock Name: Bharat Dynamics Ltd. Exchange: NSE (National Stock Exchange of India) Current Price: ₹1,108.25 Chart Timeframe: Weekly (1W) Company Business Profile: Bharat Dynamics Ltd. is a public sector enterprise under the Ministry of Defence, specializing in the production of ammunition and missile systems. It plays a pivotal role in India's defense sector, contributing to national security and defense exports. Candlestick Pattern Analysis The chart highlights a bullish engulfing pattern at a key support level, suggesting a potential reversal to an uptrend. A bearish engulfing pattern is visible near a resistance level, indicating a possible trend reversal to the downside. Key Levels Support Levels (Yellow Zone): ₹737.75, ₹850.70, ₹963.70 Swing Zone (Green Zone): ₹1,103.50, ₹1,224.21 Target Levels (T): ₹1,403.70, ₹1,721.00, ₹1,946.95, ₹2,234.70, ₹3,065.70 Technical Indicators RSI (Relative Strength Index): Currently at 47.30, indicating a neutral position. RSI values between 30 and 70 suggest the stock is neither overbought nor oversold. Volume: The volume chart shows significant spikes during the uptrend, reflecting strong buying interest. MA (Moving Average): The 50-week Simple Moving Average (SMA) is at ₹1,224.21. The price is currently below this SMA, indicating a potential bearish trend. Volume Trends Volume Spikes: Notable during the uptrend phase, confirming strong buying momentum. Volume Declines: Observed during the correction phase, indicating reduced trading activity. Dividend Information Ex-Date: February 14, 2025 Dividend Amount: ₹4.00 per share Payment Date: March 8, 2025 Sector and Market Context Bharat Dynamics Ltd. operates in the defense sector, which is influenced by government policies, defense budgets, and geopolitical factors. The stock has shown strong bullish momentum recently, aligning with the sector's growth trajectory and increased defense spending globally. Risk Considerations Government Policies: Changes in defense budgets or policies could impact the company's revenue. Geopolitical Risks: Tensions or conflicts may affect operations or investor sentiment. Market Conditions: Economic downturns or shifts in sectoral focus could influence stock performance. Analysis Summary Bharat Dynamics Ltd. exhibits a strong technical setup with clear support and resistance levels. The RSI indicates a neutral stance, while volume trends highlight significant buying interest during the uptrend. The stock's performance is closely tied to the defense sector's dynamics and broader market trends. Investors should consider potential risks, including policy changes and geopolitical factors, before making decisions.
NSE:BDLLong
by TechnicalAnalystSucrit
ready to chill VOLTASStock Overview Stock Name: Voltas Ltd. Exchange: NSE (National Stock Exchange of India) Current Price: 1,145.45 INR Chart Timeframe: 1M (Monthly) Company Business Profile: Voltas Ltd. is an Indian multinational company that provides engineering solutions for a wide spectrum of industries in areas such as heating, ventilation, air conditioning, refrigeration, electro-mechanical projects, and textile machinery. Candlestick Pattern Analysis The chart shows a prominent uptrend followed by a correction phase. There is a visible bullish engulfing pattern around point 'a', indicating a potential reversal from the downtrend. Additionally, there is a bearish engulfing pattern near point 'b', suggesting a possible short-term top. Key Levels Support (Yellow Zone): 1,188.55 INR Swing Zone (Green Zone): 1,326.15 INR Target Levels (T): Target 1: 1,881.35 INR Target 2: 2,084.25 INR Target 3: 2,342.70 INR Technical Indicators RSI (Relative Strength Index): The RSI is currently at 55.08, which is in the neutral zone. This suggests that the stock is neither overbought nor oversold, indicating a balanced momentum. Volume Trends The volume trends show a significant spike during the initial uptrend, which is a positive sign of strong buying interest. However, there is a noticeable decline in volume during the correction phase, suggesting a lack of selling pressure. This could indicate that the correction might be temporary and the uptrend could resume. Sector and Market Context Voltas Ltd. operates in the engineering and air conditioning sector, which has shown resilience and growth potential in recent years. The overall market trend has been bullish, with the NSE index showing a steady uptrend. Voltas Ltd.'s performance is in line with the sector and market trends, indicating a strong position within its industry. Risk Considerations Possible risks include market volatility, changes in government policies, and economic conditions that could impact the engineering and air conditioning sector. Additionally, global supply chain disruptions and fluctuations in raw material prices could affect the company's performance. Analysis Summary Voltas Ltd. is currently in a correction phase after a strong uptrend. The technical indicators suggest a balanced momentum with no immediate signs of overbought or oversold conditions. The volume trends indicate strong buying interest during the uptrend and a lack of selling pressure during the correction. The stock is well-positioned within its sector and the overall market trend is positive. However, investors should be aware of potential risks and market conditions that could influence the stock's movement.
NSE:VOLTASLong
by TechnicalAnalystSucrit
2
Probability Trade Plan for Bharti Airtel : Latest Daily AnalysisMarket Context & Key Levels Current Price: 1630.70 Key Resistance Levels: 1643.50 → 1673.45 → 1705.25 → 1746.10 Key Support Levels: 1590.50 → 1546.75 → 1474.00 → 1454.90 🎯 High-Probability 📌 Trade Setup #1: Bearish Rejection from 1643.50 Entry: 1643.50 - 1645 zone (Bearish Order Block & 0.618 retracement). Stop-Loss: Above 1655 (To avoid false breakouts). *Target 1: 1590.50 (First Bullish Order Block). *Target 2: 1546.75 (Major Bullish Order Block). *Target 3: 1474.00 (Final extended target). 💡 Confirmation: If price fails to break 1643.50 and shows bearish rejection candles (e.g., Doji, Engulfing, or Pin Bar), the probability of a drop increases. Doji reformation on week end 7 march 2025 📌 Trade Setup #2: Breakout & Retest Above 1643.50 (Bullish Case) Trade Type: Buy (Breakout Confirmation) Entry: Buy above 1650 after a confirmed breakout. Stop-Loss: Below 1630 (Ensuring false breakout protection). *Target 1: 1673.45 (Next Bearish Order Block). *Target 2: 1705.25 (Major Resistance). *Target 3: 1746.10 *(Extended Target if momentum is strong).Probability: Medium to High (Only if price closes strongly above 1645). 💡 Confirmation: Watch for strong bullish candles (Marubozu, Engulfing, or Breakout Retest Structure) above 1645 before entering. 📌 Trade Setup #3: Buy from Strong Support at 1590.50 Trade Type: Buy (Buy on Dip) Entry: 1590 - 1595 zone (Bullish Order Block). Stop-Loss: Below 1575 (To avoid further downside risk) *Target 1: 1630.70 (Current resistance). *Target 2: 1643.50 (Bearish Order Block). *Target 3: 1673.45 (Major Target). *Probability: High (Buying near strong demand zones increases chances of a bounce). 💡 Confirmation: Look for bullish reversal candles (Pin Bar, Hammer, or Engulfing Candle) near 1590 before entering. Disclaimer: This analysis is for educational purposes only and not financial advice. Trading involves risk, and past performance does not guarantee future results. Do your own research, use risk management, and consult a financial advisor before making decisions. Trade at your own risk.
NSE:BHARTIARTL
by Alice Blue
ready to move JUBILANT INGREVIIA"Jubilant Ingrevia Ltd. Weekly Chart Analysis with Fibonacci Retracement Levels and RSI Indicator" The image shows a weekly candlestick chart of Jubilant Ingrevia Ltd. (NSE) with Fibonacci retracement levels, trend lines, and the Relative Strength Index (RSI) indicator. The chart highlights key price levels, including support and resistance zones, and potential target levels (T1, T2, T3) based on Fibonacci extensions. The RSI indicator at the bottom shows a value of 48.24, indicating a neutral momentum. The chart is published on TradingView and provides a technical analysis perspective for traders and investors.
NSE:JUBLINGREALong
by TechnicalAnalystSucrit
3
Positional or Longterm Opportunity in JSW EnergyGo Long @ 506.8 for Targets of 634.35, 709.75 and 777.4 with SL 439.15 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. Besides, a bullish candlestick pattern Bullish Engulfing (marked with orange) is formed around the 0.5 Fibonacci level. 3. In addition to this there is a strong demand zone (marked with purple) which earlier was acting like resistance but now is providing support to the stock.
NSE:JSWENERGYLong
by Nimish_Ghagare
2
Positional Opportunity in AptusGo Long @ 304.15 for a Target of 382.6 with SL 278 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. Besides, a bullish candlestick pattern Bullish Hammer (marked with orange) is formed around the 0.618 Fibonacci level. 3. Also there is a strong Trendline (marked with green color) which supports the stock.
NSE:APTUSLong
by Nimish_Ghagare
Coforge-A perfect watchlist stock!Coforge is an IT services company providing end-to-end software solutions and services and is among the top-20 Indian software exporters according to Screener data. Stock has give 20% compounded sales growth in last 5 years which is quite remarkable. Hence, It can be a good stock to be kept in watchlist for medium to long term. Stock had given breakout of cup and handle pattern in weekly time frame and is now retesting the same. Stock has formed a kind of morning star pattern at the retest support zone. Need to watch if it sustains above this zone. As you can see, retest zone also coincides with 50% fib retracement which makes it even stronger. If we see good buying in this stock from here, we can see ATH levels soon and even bigger levels in coming years. However, If stock goes below 61.8% retracement, it is not advisable to hold.
NSE:COFORGELong
by chartistamey
13