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Fibonacci

ETHereumEth is booming after 2150 will it still be bullish? With the breakout, it is now pushing itself for 2400 Meanwhile, it tested the 2400 and now it's making its way towards the lower support. A smaller time frame showed the trend change but 1hr and 4hr is still bullish so this chance is to be of buy on dip . As it has broken down the 0.23 of fib-retracement. we need another confirmation for bearish which is trendline support. So re-entry would be at 0.5 and 0.6 lvl. The first target would be 2350. once it breaks that level, we are surely moving towards 2400. #eth #bitcoin #trendanalysis
BINANCE:ETHUSD
by SUTHARTRADE
Positional or Longterm Opportunity in Aarti IndustriesGo Long above 535 for Targets of 652.2, 720.35, and 788.5 with SL 479.95 Reasons to go Long: 1. On a Monthly timeframe the stock gave Trendline breakout (red TL). 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. On 0.618 Fibonacci level the stock formed a Double bottom or W pattern. 4. In addition to this the stock took support from trendline (green TL) 3. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
NSE:AARTIINDLong
by Nimish_Ghagare
IRCON: Positive sustainable run upIntroduction: NSE:IRCON , a leading construction and infrastructure company, is currently trading on the National Stock Exchange (NSE) at INR 58.55 . This technical analysis examines the stock's recent price action and provides a trading recommendation based on key technical indicators. Technical Analysis: IRCON is trading near the crucial Fibonacci level of 0.618 , attempting to break upwards. A bullish crossover has been observed in its Exponential Moving Average (EMA) and Moving Average (MA) indicators , suggesting a potential uptrend in the short term. Additionally, the Parabolic Stop and Reverse (SAR) indicator is also favoring the bulls, which could signify a continuation of the positive price momentum. Trading Recommendation: Based on the above technical analysis, we recommend the following trade: Entry: Buy IRCON at or above INR 58.55 (current market price) Target 1: INR 61.30 Target 2: INR 64.20 Stop Loss: INR 55.50 Please monitor the stock for a breach of the Fibonacci level upwards before initiating a long position. The stop-loss order at INR 55.50 aims to protect capital against potential price declines. Disclaimers and Disclosures: This analysis is for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any security. The author is a not a technical analyst and not a registered financial advisor. The opinions expressed herein are solely those of the author and do not represent the opinions of the Premium wealth management firm. Past performance is not indicative of future results. Investing in securities carries risks, including the risk of loss of principal. Investors should conduct their own due diligence and consult with a professional financial advisor before making any investment decisions. Disclosure: The author may or may not have any positions in the securities mentioned in this analysis at the time of publication.
NSE:IRCONLong
by finogent
🚀Nifty 50 Breaks 21,000: A Historic Leap!🌟What Just Happened? Nifty 50 soared to a record high, crossing 21,000 today. This isn't just a number – it's a bold statement by the Indian market, reflecting robust economic health and investor confidence. Behind the Surge : A Snapshot Economy Speaks : Strong GDP growth and controlled inflation are music to investors' ears. Foreign Investment Flows : A consistent influx of foreign investments has been a key factor, signaling strong global confidence in the Indian market. Central Bank's Decisions : The Reserve Bank of India's move to maintain the repo rate at 6.5%, in line with market expectations, has positively influenced the surge. This steady stance on interest rates provides stability for investors. Upbeat Economic Forecast : The RBI's upward revision of the FY24 GDP forecast to 7% from 6.5% highlights stronger economic prospects, fueling market optimism. Inflation Projection : Despite retaining the FY24 Consumer Price Index (CPI) inflation forecast at 5.4%, the central bank's confidence in managing inflation aligns with investor interests. What's your take on Nifty's rally? More room to grow, or are we due for a cooldown? Drop your thoughts, and let's crack this market code together! Disclaimer : fyers.in
NSE:NIFTY
by FYERS
3
JB Pharma looks ready low risk high reward tradeentry in zones 1500-1480 stop 1430 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 --------------------------(((((LIKE)))))-------------------------------
NSE:JBCHEPHARMLong
by Niftydirection
IRCTC : FAILED BREAKDOWN BUY NSE:IRCTC On the Daily chart it is forming a bear flag and a new upleg has been started after failing the breakdown from the support trendline. - The blue line shows the major downtrend line and now after its breakout, the price again came to test the breakout zone And reversing from there. -Closed with good volume around highs -Trading above 200 EMA - The swing low formed at the blue line is a 0.618 retracement zone on Fibonacci. Kindly study the chart and make an informed decision, always trade with stop loss to avoid unnecessary drawdowns. Trading is a game of probability and you have to treat it like a business and all things apart money management is supreme. Keep learning, happy trading
NSE:IRCTCLong
by SANJAYPATIDAR_