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Fibonacci

Elliot Wave Analysis of Bharti AirtelThe price moving in rising wedge and adhering to Elliot Wave rule. Impulse wave (i) - from level Rs 248.70 to Rs 561.55 Correction wave (ii) - price retrenched to fib 50% of wave (i) i.e Rs 405.15 Impulse wave (iii) - equal to fib 1.618 of wave (i) i.e., Rs 780.70 Correction wave (iv) - retrenched to Rs 628.05 i.e., is equal to distance of wave (ii) Impulse wave (v) - final leg of impulse wave is on and expected target will be fib 2.618 of wave (i) i.e., Rs 1067.75 with stop loss below Rs 755. Thanks -AJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:BHARTIARTLLong
by Indieconomic
1
Positional or Longterm opportunity in Divis LabGo Long above 3568.9 for Targets of 4070, and 4389.7 with SL 3295.3 Reasons to go Long: 1. On a Weekly timeframe the stock gave Trendline breakout. 2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 3. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
NSE:DIVISLABLong
by Nimish_Ghagare
1
Positional or Longterm Opportunity in CIE IndiaGo Long above 488 for Targets of 511.8, 535.6, and 559.4 with SL 464.2 Reasons to go Long: 1. On a Weekly timeframe the stock gave Trendline breakout. 2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 3. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level.
NSE:CIEINDIA
by Nimish_Ghagare
Positional or Longterm Opportunity in DCM ShriramGo Long above 965.1 for Targets of 1044.7, 1124.3, and 559.4 with SL 885.5 Reasons to go Long: 1. On a Monthly timeframe the stock gave Trendline breakout. The stock was initially facing resistance from this trendline but now is taking support. 2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 3. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level & the Trendline.
NSE:DCMSHRIRAMLong
by Nimish_Ghagare
Bitcoin trend reversal?Bitcoin After Yesterday’s Slump There was a false breakthrough on the daily line, This is also close to the pressure level of about 48,000 above. Therefore, the next month or so will be more critical days. That is, the triangle convergence of the daily line, And there is a false breakthrough at the high level here to lure bulls. I think this side might form a top If it falls below the lower trend line, Then the more important support falls around 31,800. #The cryptocurrency market has high risks, please carefully evaluate operational risks This analysis is a personal comment and does not constitute any investment advice, so please refer to it with caution.
by Jobs_lin
52 week high Stock ascending triangle pattern breakout Order Book Company expects to obtain orders from Tata Steel Ltd on a quarterly basis, where payments are based on buy-sell model and realized in proportion of sales made. AEL has an unexecuted order book value of Rs. 3,638 million for FY24, out of which Rs. 2,608 million (72%) is towards Andhra Pradesh Education and Welfare Infrastructure Development Corp and Telangana State Education Women and Infrastructure Development Corp building doors, steel windows, green chalk boards, RO plants and dual desks. TSL accounts for 17.5% of the total order book of Rs. 63 million
NSE:AHLADALong
by investigationofchart