EMAMI EQUITY levels ...17/05/2021 (D candle)
BRITANNIA EQUITY levels ...17/05/2021 (D candle)
UCOBANK EQUITY levels ...17/05/2021 (D candle)
Disclaimer: NOT SEBI registered. Charts produced here are for personal reference only and not any recommendations.
It is forming a CUP and Handle Patter And a bullish channel Upside targets T1= 116.50 T2= 121.50 T3= 122.50 T4= 125.70 Currently retracing to form handle and touching lower line if the channel at 0.382 (112.85) of FIB retracement. If sustained, then it can quickly achieve targets on long side and it is not sustained then the fresh targets for downside are T1...
Go Long above 1469.85 for Targets of 1514.05, 1558.05, and 1601.7 with SL 1425.85 Reasons to go Long : 1. If we draw Fibonacci Retracement from recent swing low (Point A) to recent swing high (Point B) on a 1-day chart we see the stock took support from 0.5 Fibonacci level and moved up. 2. On 0.5 Fibonacci level the stock has made a bullish candlestick pattern...
Price has completed 100% Fibonacci retracement. Price more likely to move up after consolidation in parallel channel. Take buy position once breakout or bottom price of channel with stop loss for long term.
CURRENT STRUCTURE:WXY DOUBLE CORRECTION CURRENT LEG:WAVE Y SUB WAVE C COMMENCEMENT WAVE Y TYPE:EXPANDED FLAT TARGET ZONE PRICE FOR WAVE C OF EXPANDED FLAT : 290-280 MACD NEGATIVE CROSS-OVER SUGGESTING DOWNWARD MOVEMENT IN NEAR FUTURE. AVOID LONG TILL PRICE HIT'S 290-280 PRICE ZONE.SHORTING IS NOT ADVISABLE AS RISK-REWARD IS NOT FAVORABLE. ALSO IF CONSIDERED...
The downtrend in the daily timeframe. So gone for sell after the retracement in lower timeframe.
Spot gold is currently trading in upper sloping channel. Also there is very important trendline resistance at $1847 which also coincides with 61.8 retracement. Hence spot Gold can be extremely bullish on a break of $1847
1. ITC retraced at the 38.2% fibbonaci levels. 2. Looks good for 240
On weekly chart Shaktipump Triangle Breakout Fibonacci level breakout & Presence of Doji and Bearish Engulfing candle Please comment your view !!! No Trade Suggestions !!! Thank you
1. Price has taken good support from 62.50 levels 2. After a pullback of ~ 38%. bulls have taken back the control which was clearly visible after the price broke out above the trendline with over an average volumes (in 4h + 1d time frame). 3. With PSU bank taking control of bank nifty, these mid PSU banks can also perform well.
SBI countinue falls and hit the ground to bounce back and using a uptrend by taking support on fibonacci levels as well as by giving respect to trend range. If SBI crosses/sustain the half retracement, It will definety take a Long Position and touches the sky of @425
Three white soldiers formed on weekly chart. Dip towards 75-73 long opportunity 5th wave expected to be extended reaching anywhere between 1 to 1.618 levels. If channel drawn on iii and iv gets broken aim for 1.382-1.618 levels. Other details on chart DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the...
Trendline breakout No Trade Suggestion
The daily and weekly shows that the NZDJPY is in a strong uptrend. Going down to a lower time frame the market is in a correction of the uptrend and also using fib retracement the market has exactly taken 61.8% retracement and started to move up.
EURUSD is in a strong uptrend in the daily timeframe and came down for a deeper correction. Going down to the lower timeframe the market has shifted from a bearish market to a bullish market. That is the reason we are in this trade.