Fibonacci
Is Natural gas stagging reversal? 1-2 1-2 wave patterns seen and gap up opening given today. The gap need to sustain and it shouldn't break invalidation level to continue upside momentum.
Disclaimer: There is no guarantee of profits nor exceptions from losses in world of stock Market.
FnO Trading is Highly Risky business you can loose more that your trading capital.
This chart is solely the personal views of my research and development of market it can go wrong as well.
Do your own study or ask your financial advisors before investing/trading blindly.
Finnifty Confirm Targets finnifty Chart Analysis with Support and Resistance
finnifty Supports
finnifty Support 1 - 20840
finnifty Support 2 - 20700
finnifty Support 3 - 20610
finnifty Resistance
finnifty Resistance 1 - 21020
finnifty Resistance 2 - 21096
finnifty Resistance 3 - 21270
finnifty Trend Signal From Open Interest Analysis
PCR ratio as per Option Chain Analysis - 0.95 ( Bullish)
Max Pain As per Option Chain Analysis - 21300
Major Resistance as Per finnifty Open Interest Analysis - 21200
Major Support as Per finnifty Open Interest Analysis - 20700
Long Opportunity in finnifty Trading
As we Know finnifty is in a uptrend, Next week First Buying opportunity will be above 21100 20850 and Dont Buy Below 20700
Short opportunity in finnifty Trading
If finnifty Sustain below 21000 / 20910 then try to Short finnifty or buy finnifty Put option Contract keep a small stop loss
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NIFTY in rising wedge pattern!?NIFTY can be seen in more like a rising wedge pattern and trading at important psychological level of 22500. Any signs of rejection around given level and inside the parallel channel we may see a strong downfall till the lower trendline so plan your trades accordingly making every rise as a selling opportunity till it doesn’t sustains itself above the psychological level so plan your trades accordingly.
AMI ORG daily BO + weekly pattern formation Ami has given a Breakout on a Daily basis
on a weekly tf is can form cup and handle pattern. if it gives breakout for that pattern then we can see more upside potential.
on a monthly tf we can see the stock is under the ipo launch high and also didn't gave a breakout from the mother candle formed on the monthly tf.
FASP levels for Nifty 06/03/2024The FASP for Nifty is listed for 06-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP levels for Bank Nifty 06/03/2024The FASP for BankNifty is listed for 06-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP levels for Nifty 05/03/2024The FASP for Nifty is listed for 05-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
FASP levels for Bank Nifty 05/03/2024The FASP for BankNifty is listed for 05-03-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Banknifty weekly analysis for 04/03/24.Last week the markets were volatile.
A M pattern formation and immediate reversal forming a V pattern shows the volatility.
The market need to retest of halt on the upper levels before crossing the ATH.
On friday, there was a 2.5% bullish move in banknifty it seem to be bullish as on intraday levels.
Positional trades can also be entered, if market comes to test 46500-700 zone.
Now the resistances on the upper side seems to be somewhat weak.
Major bullish target :- 47600, 47840
Supports are far and there should be a retest.
Wait for the price action near the levels before entering the market.
Havells ATH break 2x possible?Havells made strong marubozu on weekly scale and looks ready for next move.
Will look for entry points on pullbacks with stop usually in 6-7% or worst 10% at 1413 below which must exit.
Don't trade in FnO based on this analysis it can go wrong
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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Market wait to decide trend. Weekly closing around crucial level
The weekly chart of the market has closed around an interesting resistance zone. Even RSI indicator is showing some strength but price action needs to confirm.
Fibonacci Golden Ratio is also in sink with the resistance zone and on the contrary it took support on the weekly charts from the major trend Golden ratio.
There is a confusion as both the indices are showing some gap and they will pull each other.
If nifty keeps it rally and banknifty sustain and starts trading above the resistance zone, banknifty will reached new ATH.
In case banknifty face rejection from these levels and starts trading below the weekly 20 EMA, it will pull bank nifty.
There will be a double bottom probability around the support zone or a M pattern formaiton on the weekly charts.
This week need to close above 47300 levls to prove its bullish, else have to wait for another week on the positional trade.
If the market moves sideways, some good entries and exits can be taken from these zone.
Monthly candle close is still in between. Next week clear monthly view can be seen.
High probability of market deciding the trend is there in this week.
Positional trades from the next month expiry may be triggered this week as per the price action formation.
Nifty price action 01.03.2024.The strong rebound from key support highlights elevated
buying demand that makes us retain support base at 21800 as
it is confluence of:
A. 61.8% retracement of current rally 2153 to 22300
is placed at 21823
B. Last week’s low is placed at 21875
C. Lower band of rising channel
As per chart next target would be 22400 and 22670 soon
Kalyani Steels - Greedy theoryCup holder is a bullish pattern. Cup height is the usual target & it could even rise above that.
Since KSL was listed, it has formed 6Y base & it rose around 145% from breakout. Did Fib retracement for the recent handle from top to bottom. Now another 6Y has broken out & so far reached 80% which is fib level 261.8% of the handle top to bottom. If I project to 145% from breakout, price target would be around 1200 and also the 461.8% fib level. Pivot projects to around 1179.5....with an intermediate target at 990.
Look at the RSI(34) in weekly chart. Red rectangle is the resistance. Hitting for the 3rd time. Reversal could happen now or in weeks.
RSI should be on fire to achieve that by breaking that resistance I guess. Whenever support/resistance repeatedly tested, it either makes or breaks.