Get started

Fibonacci

TATA MOTORS 1DKey Levels: Order Block (OB): ₹980 to ₹1,011 This is the zone where buyers previously stepped in and the price has reversed from it. It serves as a demand zone or a strong support area. Liquidity Zone: Below the OB, liquidity was grabbed, suggesting that weak hands might have exited, and stronger players have entered. Resistance/Target: ₹1,141.75 This is the target drawn on the chart, likely based on previous highs. Current Price: ₹992.10 Observations: Bullish Structure: Price has bounced from the OB and the liquidity grab zone, indicating a potential bullish reversal. The bounce suggests that institutional buying may have occurred. Break of Structure (BOS): If the price clears ₹1,011 (the top of the OB zone), it would confirm a bullish break and increase the likelihood of an upward continuation toward the ₹1,141 target. Upside Potential: The marked target of ₹1,141.75 offers an upside potential of approximately 16.6% from the current price level. Swing Trade Setup: Entry: Aggressive Entry: Around current levels (₹990–₹1,000), given the bounce from the liquidity zone. Conservative Entry: Upon the price breaking and holding above ₹1,011 (the top of the OB), indicating more confirmation of bullish momentum. Targets: First Target: ₹1,060 (interim resistance level). Final Target: ₹1,141.75 (as per your chart's target level). Stop-Loss: Below ₹980 (to avoid being caught in another liquidity sweep). Ideal stop-loss could be placed around ₹970 for a safer risk management setup. Risk-to-Reward Ratio: If entering at ₹1,000 with a stop-loss at ₹970 and a target of ₹1,141.75, the Risk-to-Reward would be approximately 1:5, which is a favorable trade setup. Strategy: Hold Position: If the price consolidates within the OB zone, hold as long as it stays above ₹980. Exit or Reassess: If the price drops below ₹970, consider exiting the position to limit losses. This setup presents a strong opportunity, with good risk management and high potential for gains.
NSE:TATAMOTORSLong
by vinitsugandh
A Bullish Breakout Analysis of Alkyl AmineAlkyl Amine stock has recently exhibited a noteworthy price action following a consolidation phase that extended beyond 1,000 days. The stock has successfully retested a pivotal support level and demonstrated a robust bounce, closing above this key level, accompanied by a significant surge in buying volume. This development is indicative of a potential shift in the trend towards a bullish posture. From an Elliott Wave analysis perspective, the stock appears to be in the early stages of a wave pattern. This observation aligns with the bounce occurring at the 61.8% Fibonacci retracement level from the most recent higher high, suggesting a critical change in momentum. Further validating the bullish outlook, momentum indicators such as the RSI and the MACD are showing favourable signals on both the daily and weekly timeframes, reinforcing the likelihood of upward price movement. In terms of potential price levels, the current-demand zone is identified between 2305 and 2349 . Should the stock succeed in closing above the initial resistance level at 2484 , the next resistance levels to monitor would be at 2848 , 3162 , and ultimately 3526 . Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making any investment decisions.
NSE:ALKYLAMINELong
by NiftyNotion
6
ALKYLAMINE : How to spot Trend Reversal There are 3 tools to identify a Trend Reversal Fibonacci Retracement Indicator: - Fibonacci retracement levels are prices, depicted as horizontal lines on a chart, that indicate where support or resistance could likely to occur. - The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. Here in this chart Swing low is 462 and Swing high is 4386 The price has fallen from 4386 and is consolidating at 0.618 which is also called as golden ratio and acts are strong support. Pattern Identification: The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pull back, two converging trend lines are drawn. The consolidation part ends when the price action bursts through the upper trend line, or wedge’s resistance. Volume breakout after consolidation: Here in this chart, volumes are huge near the upper trendline of falling wedge pattern indicating a strong trend reversal. Thanks for sparing time to read this learning article. Good day!
NSE:ALKYLAMINELong
by PowerOfTA
JTEKT 1DBOS (Break of Structure): A break of structure occurred in the uptrend, signalling a shift in market momentum around late April to early May. This indicates that the previous resistance was broken, which led to a strong bullish rally. CHOCH (Change of Character): After the bullish move, a change of character is marked, indicating a reversal from the uptrend into a downtrend in mid-July. This suggests a potential shift in the market's direction from bullish to bearish. Fibonacci Levels: Fibonacci retracement levels are drawn, with the 0.618 level providing a significant resistance around ₹185, and the 0.786 level offering support near ₹165. The price is currently consolidating between these key levels. Order Block (OB): There is an order block marked around the ₹165 zone. This is a significant area where institutional buying or selling occurred, and it may act as a strong support for a future price bounce. Current Price Action: The price is hovering near the 0.786 Fibonacci retracement level and the order block area, indicating a consolidation phase. The stock seems to be coiling, preparing for a potential breakout either upwards or downwards. Summary: The stock recently experienced a change of character and has retraced down to the 0.786 Fibonacci level near an order block. This area could serve as strong support, setting up for a potential upward bounce if the market regains bullish momentum. The resistance at ₹185 (0.618 Fibonacci level) will be key to watch for further confirmation of a reversal or continuation of the current trend.
NSE:JTEKTINDIA
by vinitsugandh
Swing Opportunity in Jindal SteelGo Long @ 932.05 for Targets of 958.1, 996.5, and 1020 with SL 906 Reasons to go Long : 1. On a Daily timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Engulfing (marked with orange) is formed around the 0.382 Fibonacci level. 3. Also there is a strong Trendline (marked with green color) which supports the stock.
NSE:JINDALSTELLong
by Nimish_Ghagare