ZOMATO A CHANNEL CONSOLIDATION WILL IT BREAKOUT OR FIZZLE OUT ?Zomato Ltd. is an interesting chart in momentum with following
1. RSI on all time frames (D/W/M) above 60
2. Narrowing Bollinger Bands on daily chart with price walking near Upper Band
3. Four months long consolidation in range of 240 to 295 zone
4. ABCD pattern under formation on weekly chart
5. Major Price Supports as under:
20 SMA (daily ) 263
50 EMA (daily ) 264
20 SMA (weekly) 261
with cluster of supports in range of 260-264 can be a good risk reward trade. Fibonacci projection tool projects targets of 333 and 358 Lets see if it sustains the trend or fizzles out
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
Fibonacci
LICI Life Insurance Corporation of India buy trade with targetsHi! this is Kapil,
I made this graph of LICI by just using simple Fib extensions and reversals for getting to the desired target.
After seeing the closing of LICI in 2024 November month i have decided to Make this Chart.
Consult your financial advisor before investing.
ZYDUSLIFE, is up for a quick 5% move ,ZYDUSLIFE, is up for a quick 5% move ,
provided nifty should stay strong. expecting Pharma sector to do well
EURUSD Bullish BreakdownThis chart displays the 4-hour timeframe for the EUR/USD currency pair. The analysis focuses on potential bullish momentum and key zones to watch. Key elements include:
1. **Support Zone (Blue):** The lower highlighted blue area represents a strong demand zone around the 1.0450–1.0500 range, where buyers have shown interest.
2. **Resistance Zone (Red):** The upper highlighted red area near 1.0780–1.0850 represents a supply zone that could act as a target for a bullish move or a reversal point.
3. **Mid-Level Resistance (Purple):** The purple zone around 1.0600–1.0650 indicates intermediate resistance where consolidation or pullbacks could occur.
4. **Bullish Scenario:** The chart outlines a potential path for the price to move upward, breaking the purple resistance zone before heading toward the red supply zone.
The projection suggests watching for a breakout of intermediate resistance or potential support retests for confirmation of continued bullish momentum.
Natural Gas into Bullish Side....Natural gas taken Support from Daily timeframe EMA.....
Retraced from 61.80% retracement level towards upside.....3.5% is daily move from low to high....daily chart volume of candle increasing....EMA CROSS OVER in 1 Hour Timeframe....3.4 doller may be the first target...
BAJAJHFL - Weekly AnalysisIn the Weekly Chart of BAJAJHFL ,
we can see that, it has shown a up move from 125 levels.
Also, after applying FIBO we can clearly see that, it has multiple rejections at first level.
Soon it will be broken.
Expected momentum is shown in chart.
BSOFT - Weekly AnalysisIn the Weekly Chart of BSOFT ,
we can see that, after applying FIBO, it has shown a up move from 0.5 level after a consolidation and Bullish hammer creation.
Let it create a Halt candle and then we can enter with a SL and Targets.
Expected momentum is shown in chart.
DCM Shriram End of Bottom formationDCM Shriram posted fantastic Q2FY25 YoY with 95% profit. Debtor days reduced. Reduction in equity dilution. Q1 & Q2 posted improved YoY numbers with respect to sales & profit. Operating profit improved. Expecting margins and ROCE to improve. Price is just crossed above 50 Day moving average. Technical looks good. Could expect breakout soon.
Disclaimer: Not holding. Educational purpose
GLAND - Weekly AnalysisIn the Weekly Chart of GLAND ,
we can see that, after Applying FIBO, it has shown rejections at 0.38 levels which looks like a Cup & Handle Failure.
It is now trying to recover from 0.236 levels.
Expected momentum is shown in chart.
A better product than Solar IndustriesThe Defence stocks seem to be running hard
The issue is that Solar Industries, and it's product are overrated and this is so unknown
I knew this in my high school as someone on a passenger train spoke about this to me
It was a mystical company making Defence tendering products back then!
Target: Previous highs or 4 digits
Indian defence spending
Newer sources
ISRO and DRDO orders
Proximity to Sriharikota and Hyderabad
A stock that was supposed to move long backIndiamart Intermesh was supposed to be at pre-split levels of ₹10,000
Unfortunately, the momentum slowed
Now, the cup and handle and Fibo series indicate another upside coming
Is correction over in MCX?In the 75-minute chart in MCX, we can see that flat correction is going to be finished.
This can be expected as the 0-B trend line breaks in less than half a time. (See that the lowest point from the trend line is formed in 25 candles, and the trend line is broken in 10 candles.)
This is the primary indication of the end of correction.
A risky buying opportunity exists at the current market price. The stop loss for this will be below the end of wave C, i.e., below the 5820 level.
This is not a buying recommendation.
Please always do your own research before you take any trade.
This analysis is based on Elliott wave theory and Fibonacci.
This analysis is for educational purposes only.
MY first choice IDFC FIRST BANK IDFC FIRST BANK have previous records and pattern and that repeat again
Technical points
1 - down rising channel
2- Strong support on bottom
3 - hold the top of fab. point
4 previous bull run was came when is go down in channel pattern
First channel performance
Date 31-jan-2022 to 6-dec-2022
first reached on top of 50 and came down 28 in the channel when given reversal to 62
second channel performance
6-dec-2022 to 5-sep-2023
on the top of 62 he came down and reached 52 and than get reversal and make top of 100
third 6-sep-2023 to 27-november today
now its reached at same price of 62 and create bottom now we looking for a fresh reversal and channel breakout
First TRG - 86
Second TRG -98 & 102
Third TRG 120 and above 140
SL 48
only for the long term time duration minimum 1 year
This could be some possible scenario for BTCThis is the idea I am looking for BTC in the coming weeks. No specific entry points just the idea of the possible path. Been away from the market for so long going to study more.
#BTC #Crypto #USDT
Shariah Bees looking good for longShariah Bees taking good support from it's trend line also there is important Fibonacci supports. It's good time to invest in index fund as market has already been corrected. Can see good up move in 12-15 weeks.
HDFC Life Swing+positional Breakout Retest EMA supportHello Everyone,
HDFC life spot rate 688-90 taking suport of tredline breakout retest also EMA200. RSI is around 35 volume also support for bulls with fibbo reatrce 38% so good swing+positional long set up formed buy on dips setup in hdfc life.
Classic Double Correction PatternThis is a classic example of Double correction (Double three) in HDFCLIFE.
Marked in the first box, we can see Flat Correction where wave B is retraced to the 81% level. We are fulfilling the minimum requirement (61.8%) of wave B. Here in wave C, we see three waves. This is the first hint of an upcoming complex correction. The whole wave is marked as W here.
In the second box, there is a perfect Zig-zag pattern. Wave B is retraced to 50% here. Also, we can see three waves in wave C, which gives us wave Y.
These two waves are connected by wave X which is retraced to 111%.
This is the best example of Double correction.
This analysis is for educational purposes only.
This analysis is based on Elliott Wave theory and Fibonacci analysis.
Swing / Positional Opportunity in Star HealthGo Long @ 598.5 for Targets of 640, 697, and 750 with SL 573
Reasons to go Long :
1. On weekly timeframe stock gave Trendline breakout (marked with green color).
2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.382 Fibonacci level.
3. In addition to this, the stock formed a Double Bottom (W) pattern (marked with a black dotted line) around 0.382 Fibonacci level.
Positional or Long-term Opportunity in Kotak BankGo Long @ 1893.7 for Targets of 1977.4, 2061.1, and 2228.5 with SL 1810
Reasons to go Long :
1. On the weekly timeframe stock gave Trendline breakout (marked with green color) & now it's taking support from it.
2. If we draw Fibonacci retracement from the recent swing low to the swing high then the stock took support from the 0.382 Fibonacci level.
3. In addition to this, the stock formed a Bullish Engulfing pattern around 0.382 Fibonacci level.
FINEORG TRADE IDEA - TOP DOWN APPROACHStock gave a significant move from covid (March 2023) lows and gave 281% returns till Sept 2022; after that correction phase started and it retraced 40-50% till feb-march 2023
Then it accumulated for almost 18-19 month in a fixed range with less volumes ; since last 2-4 weeks there are some volume spikes seen with coming out of accumulation range AND it made higher low formation since 3-4 weeks.
Last trading session there was about 9-10% move with above average volume ; clearly shows some buying interest -
The trade may set above 5350 on daily closing basis (After switching to daily chart) with possible SL 4600 and target near all time high 7100-7500.
Important things drawn on chart. Do your analysis and all suggestions are warmly welcomed by comments. Wish you all a HAPPY FIBONACCI DAY.
E-Commerce Sector Reversal2.92Y ATH breakout. Few weeks tight consolidation by taking 38.2% Fib level support. E-Commerce stocks looking great to increase allocation. Custom index atleast have 10-12% potential
Nifty View 22 Nov Friday Nifty dropped as per our previous view shared yesterday. Now the possible scenerios are shown in chart
High probability is shown as red, price to move towards 23100-50 below yesterday low or rejection of price near 23500.
Above 23600 we will re count the waves and look for reversal.
Nifty Target based on FibonacciNifty has respected(taken a slight support/resistance) Fib points at 0.236, 0.382, 0.5 and 0.618.
So, the next support would be 0.786 which is 22800.
