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.
Next support is visible at 3520 levels, look for shorting opportunities and see if it holds 0.382 levels or breaksdown further
Nifty came down in Zig Zag wave with C wave reaching 14650. This is important support near trend line, interestingly that is near 0.618 Fibonacci level Until 14782 gets broken there is no upside confirmation. Once breaks will attempt new high as 1.618 Fibonacci extension above 15550+ or minimum 15210+ Bearish below 14460 so 14782-14460 is no trading...
Cadila goof breakout seen. Expected to hit fibo 0.236 level.
disclaimer:NOT SEBI registered. Charts produced here are for personal reference only and not any recommendations.
BANKINDIA EQUITY levels ...14/05/2021 (D candle)
AMARAJ BAT. EQUITY levels ...14/05/2021 (D candle)
COROMANDEL EQUITY levels ...14/05/2021 (D candle)
Dabur Ltd script has moving in Ascending Parallel Channel. The script has touched the Channel Resistance and Moved back to Channel Support and then it was Moving to the resistance level. The script was in the bottom of the channel region. Hence, we can go for Long. Buy - 520-525 SL - 517 Target - 570
CMP 29 BUY AND ACCUMMULLATE TIILL 26 WHICH IS A STRONG SUPPORT KEEP SL AT 22 ON WEEKLYY CLOSING BASIS WITH VOLUME TARGETS : 31.55/34.85/38.70 BREAKOUT PRICE ZONE AGGRESSIVE TARGETS : 43/47.85/53.75/58/63..30++++++
Gap of Rs40/- (162-202) on Weekly Charts formed in 2012. This gap needs to be filled with massive buying volume for Hind Copper to move ahead. Retracement to 150/148 imminent. (Fibonnaci 61.8%) Resistance Zone Zone 1: 175-178 Zone 2: 202-204 Targets : 220 - 273 SL - 130 Golden Crossover few week back. RSI - Weekly & Monthly above 70 shows the strength of...
Closed below 20 ema on daily. RSI falling from 60, Next target can be 3137 to 3103. This is a good support zone bounce from this level expected.