Buy SYMPHONY around 855 if you get for target 975 T2 1199 T3 1375 SL 809 still looking good on Weekly & Monthly timeframe
SOUTH INDIAN BANK EQUITY Levels...01/03/2021 (W Candle)
If breaks above 1346 then can rally up to touch 1450-1500 where red parallel channel will act as resistance. This will mark the completion of wave 5, if the same is already not completed. If breaks below 1277 on weekly closing and 1235 on daily closing then 1045 and 859 could be the min. targets that can be expected.
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Just for study purpose only and should not be interpreted as a proposition to buy or sell in any securities. Price was thrown out of channel making 15432 top now thrown under channel but only to go up. 14300-13900 reversal zone
Wave 3 or wave 5 itself seems to have completed. If it is wave 3 completion then 38.2% retracement lies at 1220. If its wave 5 completion then 38.2% level is at 1167. Price has also fallen below MA.
There is a tough moment for all of us for the past one week. In the coming week I am hoping that Nifty will touch 14300 which is a crucial support as 50 day MA is there as well as my Trendline Support + There is a RSI Divergence + Crucial Fibonacci support. Further, If Nifty 50 breaks the 14300 levels there is more hope that US 10 year bond Int. Rates will rise...
1. Intermediate wave cycle seems to have completed, and stock is up for correction, currently retraced less than 23.6% which is at 400, breaking 400 can open gates for another 13% correction till 348. Usually it should at least retrace by 38.2% levels therefore 348 seems likely. 2. Nifty IT index is weak too.
First target 23655 and if that breaks next target would be 20948 which is 0.38 retracement of the Mar'2020 rally till the top. Intermediate wave 1 to 5 seem to have completed.
Crude levels ...01/03/2021 (1hr candle)
Price may break the support due to weak broader index. Twice the stock has taken support at 242 recently after breaking out which confirms the valid breakout. 248, 260 as the first minor resistance points and then can aim for 300+
Supoort and Resistance Multi Month Breakout Buy with SL
Folks, In continuation to my Nifty update (published on 21st Feb), I'm now posting an interim update in the 15m timeframe. Things have set course into the right trajectory as I had envisaged, at a timing which couldn't have been more right!! I've labeled the Waves in the larger degree in Red. Scenario 1 - We've completed Waves A and B (Wave count marked in...
This particularly, is a very good stock to buy as per my study With a good combination of technical and fundamental indications this looks a good stock. Technical aspects:- Trendline (Uptrend) Dynamic support of averages in multiple time frames Retracement levels From 0.618 Breaking a resistance. Fundamental Aspects:- Market Cap:-33200cr PE:-...
Fibonacci retracement levels indicate where support is likely to occur. Here as per the rally taking place from recent bottom, 23.6% retracement can happen till 13600 which is also the bottom created before the Budget day and hence will act as strong support. Below that, 38.2% level is 12430, which also happens to be the previous top, this again will act as very...
Price touched 1.618 retracement levels from March fall, now facing resistance, can find next support at 5754