Fresh all time highLast time we discover@2000/2200/2800 again and again
Please check my old posts, now again bulish structure but after some consolidation visible on charts
Fibonacci
Can $NSE:JIOFIN Will Test 350 ?Dear Followers
I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:JIOFIN I Have been following. The stock has recently taken support at a key level 200-205, indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position.
Stock Name- NSE:JIOFIN
Support Level- 200-205
Entry Point- 215-220
Stop Loss Point- 190
Target Point- 270,300,340
Time Frame - 6-9 Months
I closely monitoring the stock's movement and will continue to provide you with timely updates as the situation evolves. If you have any questions or would like more detailed insights, please don't hesitate to reach out.
Thank you for entrusting us with your investments. I remain committed to helping you make informed decisions.
Best regards,
Ajay Metha
EURJPY 4H buy setup | took out the liquidity - updateThis is the update on the previous post, beautiful 1:3.4 RR
Market Momentum Magic: Nifty50 ( 16 Feb 2024)Within one hour, the Nifty50 market experienced a retracement of 61.80% and subsequently rebounded, encountering a bear order block on the 1-hour chart. If it faces and retests the unbroken 1-hour bull order block, it may continue its upward movement. Let's observe the developments tomorrow morning.
EURJPY 4H buy setup | going to take the buyside liquidity Confirmations:-
1] strong bullish strength from weekly to 4h time frame
2] break of structure
3] Fibonacci 50% zone
4] imbalance area
Target confirmations:-
1] buyside liquidity - 1:3.4 RRR
Bullish Momentum Building with Inverse Head and Shoulders💎 EGLD has formed an inverse head and shoulders pattern within a support zone, aligning with its overall bullish trend. Additionally, CHoCH (Change of Character) and BOS (Breakout Sign) signals have been observed on the price chart, further enhancing the likelihood of a bullish move following a breakout above the resistance level or the neckline of the inverse head and shoulders pattern.
💎A pullback to the Bullish OB level could serve as a potential bounce point, particularly as it aligns with the Fibonacci 0.618 level.
💎However, if EGLDUSDT falls below the support zone, it would signify a bearish structure, potentially leading to downward movement in the price
$BTC AnalysisCRYPTOCAP:BTC Analysis
The weekly candle is looking very strong. For a downward move, it needs to close below 43.9K.
If the weekly candle closes above 45K, it's possible to see a move up to the 48K-50K zone or higher.
SBI price action.SBI form triangle pattern on weekly chart. If break and sustain above 620 weekly. It may test700-750 in next 2-3 months.
Unlocking Potential: Sarda Energy's Path to Progress!Sarda Energy could advance if it revisits the 4-hour bulls order block and retracement level. Should it rebound from the 4-hour bulls order block, we may view it as a chance to consider buying.
21150definatly comingNifty looking very weaker than aspects, every bounce is super selling opportunity
Minimum correction till 21150
Till next week🤫
Kuch bhi ho jaye 44800hold rehna chahiyeToday is very critical day for indian equity markets
If our closed is not above 44800 then clear cut confirmed that now we again slides to 43k minimum
Please shere my views
GOODYEAR | Daily Chart | Golden ratio pullbackChart analysis:
Pattern: Symmetric triangle pattern BO happened and re-testing of BO is happening.
Breakout: BO of 1.5 years trend line and support is taken at 0.618 which is Golden Ratio .
Volume: Volume action is clearly visible near breakout zone.
Trade setup:
Entry price: Close of 1400 price break candle.
Stop loss: Below 1320.
Target 1: 1512.5
Target 2: 1623.8
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades
DOT: Bullish Momentum Supported by Breakouts and Patterns💎 DOT has found support within the support zone marked by the 0.618 Fibonacci level and has broken out of a descending channel pattern, forming a W pattern supported by the 200 EMA. Additionally, the price is displaying a Break Of Structure(BOS), further increasing the likelihood of bullish momentum.
💎If the price manages to break above the first resistance area, we can anticipate further bullish movement towards subsequent resistance levels.
💎In the event of a pullback, we may see a bounce from the bullish order block (OB) levels.
💎However, if the price declines below the support level, it could signal a bearish movement for DOT. Nonetheless, given the current bullish sentiment in the overall market, it would be prudent to align with the prevailing trend.
PSP PROJECTS: Trend reversal into buy territory in offing📊 NSE:PSPPROJECT - Technical Analysis - February 4, 2024, 14:18 IST 🚧
Company Overview: 🏗
PSP Projects Limited is a prominent player in the construction sector, providing comprehensive services from planning and design to post-construction activities across industrial, institutional, government, and residential projects. The company caters to both private and public sectors, showcasing versatility and efficiency in its operations.
Market Performance: 📉➡️📈
After a recent fall, PSP Projects showcased a commendable recovery, jumping 1.53% on February 2, 2024, closing at approximately 766.50, above the 0.5 Fibonacci level. This significant bounce could indicate a potential trend reversal and sustained buying interest.
Technical Indicators: 🛠
Fibonacci Levels: Closed above the 0.5 level at 766.50, hinting at a trend reversal.
Moving Averages: Successfully crossed over both the 50-day and 200-day moving averages on February 2, 2024, signaling a notable turnaround.
EMA & MACD: Entered positive territory, indicating bullish momentum.
Parabolic SAR: Emitting a buy signal.
MACD: In the buy territory with MC at 0.88 and signal at -1.45, histogram at 2.33.
RSI: At 75.87, above the upper band and showing bullish momentum.
%R: Trending upward, indicating strength.
Fisher Transform: Indicates a buying crossover, showing strong support for the upcoming days.
Entry Levels: 🎯
Aggressive Investors: Entry at 772.00. First target at 784.05, with a second target of 789.10.
Conservative Investors: Consider entering at 776.00.
Target and Stop Loss Levels: 🎯
Target 1: 784.05. 🎯
Target 2: 901.35. 🎯
Target 3: 817.50. 🎯
Stop Loss: 756.15.
Market Outlook: 🌤
PSP Projects' recent performance, coupled with positive technical indicators, suggests a promising outlook. If the broader market opens positively in the week starting February 5, 2024, and PSP Projects follows suit, it could mark the beginning of a long-term bullish trend, provided macro and micro factors remain favorable.
Caution: ⚠️
Given the stock's history of volatile swings, a strong trade above 776 is crucial for confirming its bullish potential.
Disclaimer: ⚠️
This analysis is for informational purposes only and is not financial advice. Investors should perform their own research or consult a financial advisor before making investment decisions. Market conditions can change rapidly.
#PSPProjects #TechnicalAnalysis #ConstructionSector #StockMarket #Investing #TradingView #BullishTrends #FibonacciLevels #EMA #MACD #RSI ✨
Wipro Emerges from AccumulationWipro successfully breaks out of its accumulation phase, which lasted from June 2022 to December 2023, and shows a strong retracement to the Fibonacci level of 61.80%. A clear target is now in sight, and the momentum continues.
NIFTY and BANKNIFTY Important levelsNIFTY is not very indicative for now, we saw a huge fall today specially in Banknifty, while NIFTY held out good despite the Liquidity Void it had from 31 Jan rally. Now OI is -ve for both of the instruments, we shall see the price action on these levels. I am a little bit biased towards bullish movement but yes after a bear trap or consolidation. Let's see what market tells us tomorrow and we shall make our positions accordingly.
FINNIFTY (Expiry Analysis)FINNIFTY is at its crucial bottom. If it breaks it tomorrow then we will wait for the most likely see the bear trap on which we we will enter for long positions and if it breakdown the bottom and comes to retest then we will enter short positions after seeing some confirming bearish candles. Seeing OI Data, Market looks mildly bearish. We will make our positions accordingly.
Prediction to Reality: Nifty Surpasses 21,620 with ConfidentAs predicted in our previous forecast, the Nifty index exceeded 21,620 and found strong support within the 21,300 to 21,200 range
Nifty Price action under election Year cues.Nifty next up move will come when it close above 22150 on monthly chart.
Empirically, in General election year, Nifty has a tendency to bottom out in Feb-March, followed by minimum 12-16% rally towards General election outcome in each of seven instances over past three decades.
As per chart nifty may be bottom out near levels 21120-20850 in upcoming days.
So, buy on dip approach may work for the investors.
Next target for Nifty after bottom out would be 24700 in May-June 2024.
updateUSD/JPY Technical Out look.
Both buy/sell opportunity on
UJ we are looking for price to
give us either buy or sell opportunity
this week on UJ.
SELLERS- if get price back into to
146.05 area we can see a possible retest
back into 146.99 before we see price head
lower on UJ.
BUYERS- once price retest and hold above
147.05 we can see buyer take price higher
on UJ once we reject and hold above that
support area.
Pay attention to price action.
USDJPY 4H entry setup, waiting for the FVG entry Confirmations:-
1] bullish trend
2] break of structure
3] fair value gap entry
4] Fibonacci 50%
Target confirmations:-
1] swing high
Swing or Positional Opportunity in TridentGo Long above 46.8 for Targets of 52.7, 55.65 and 58.6 with SL 43.85
Reasons to go Long:
1. On a daily 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.
ITC Stock: Navigating Support Zones for Strategic BuysITC is currently trading within the support range of 412 - 406, which was established on April 23rd and has been retested. This range presents a potential buy or accumulation opportunity. In case of a break, consider buying at lower levels, such as 392 and 362, based on the Fibonacci retracement level at 50%.
