Nifty index has shown a short term harmonic reversal pattern- Butterfly Pattern. The Price Reversal Zone supposed to be the extension of 1.27 Fibonacci level XA leg. BC projection is at least 1.618 Fibonacci level. This zone is giving us the most compact PRZ. PRZ range: 14325 - 14308 After Reversal Minimum target 14667
Maruti Near term Fib level. Maruti is trading in Rising Parallel channel\. expected it to Rise until 9600
Price got rejected from monthly supply zone and it has retested the new support zone and has bounce with a positive movement the price can move upwards till monthly supply zone again.. Try to find an entry at lower time frame ..before taking any trade do your own analysis.
Bounce retracement towards 14530-50 possible after which should go down. Confirmation entry on sell side if 14435 breaks (non risky wait for this 14435 break level)then 14400-14300-14270 possible on downside Stop loss of this analysis 14618 DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely...
HDFCLIFE has formed double bottom. The neckline is above 643. If the script go above 645, we can go for Long. Target - 708 SL - 590 Disclaimer: Kindly do your own analysis before executing the trade.
VEDL is on the process of Harmonic Extended pattern ( Butterfly Pattern) B point is at the 0.786 retracement of XA and D point forms at the 1.27 to 1.61 projection of XA. As per this chart the target levels should be 193 and 229
In continuation with the previous post of Tata Metaliks it is clear that the scripts is in bullish trend. This script is perfectly working with all the important Fibonacci ratios since the trend has started in this hourly chart. Now , I am expecting this move will continue till 663. It may ride ahead towards next level i.e. 703 level or it may retrace till 621...
Alibaba respecting the long term fib levels well. Great Reward:Risk (~3:1) at this level, with stops safely below the Volume Profile POC at ~195 (aggressive), targeting ~320 NYSE:BABA
lupin has shown us meaningful price action as it looks to sustain above these levels( the upper channel of the trendline) can target a price of 589 in the coming weeks.
Refer Chart for details.
PNB- Long. It gave a breakout and has retested it successfully and now the next target is around 38 and then 42. If it clears these two then the next target is 50. PSU Banks index is also looking good.
BULLISH above 32560 for 100,200,500+++ BEARISH below 32450 for 100,200,500+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Long SBIN: A declining trend line is broken by SBIN on the weekly time frame and if you are an aggressive trader, then you can enter here, else wait for weekly closing above 282. Looks like the 3rd wave of Elliot wave pattern.
BUY above 12.30 for 0.25,0.70,1.50+++ SELL below 12.10 for 0.25,0.70,1.50+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 150 for 1.5,4,7+++ Sell below 145 for 1.5,4,7+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 1110 for 5,11,20+++ Sell below 1100 for 5,11,20+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 5335 for 15,40,70+++ Sell below 5307 for 15,40,70+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk
Buy above 1965 for 10,25,50+++ Sell below 1952 for 10,25,50+++ Can comment or ping me for any query or live updates All views for Educational purpose, Trade at your own risk