OLA Perfect Reversal fibonacciNow this is thepower of the fibonacci Level in the market, How this is perfectly work
Fibonacci
Education purpose only - TRONUSD50% of current increase... is it sufficient retracement for next upmove... only future will tell..
BLUEDART - A must watch long term portfolio stock!MONTHLY TF VIEW:
Price Observations:
1. Good Volume support
2. Price structure is bullish
3. Reclaiming 9 years BO level
4. Bouncing from Monthly swing 50% fib level.
5. Bouncing from the Weekly Demand zone
6. Earnings are showing good growth as well.
Trade Plan:
1. Entry can be planned above 7900 with 15% Sl
2. Targets can be huge 14000 I'm expecting not immediately but eventually will reach there. Since it is a portfolio pick. For swing trade 9000 & 10000 can be considered as the TP levels
- Stay tuned for further insights, updates and trade safely!
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
EUR-AUD | 4h | Swing Trading hello traders, i have prepared FX:EURAUD analysis for you. i have set my entry level, stop level and target level on the chart. all i ask from you is to support me with your likes. thank you to everyone who likes it.
C&H BREAKOUT IN SHREE PUSHKARShree pushkar 345, gave multi year breakout on daily weekly charts. Classical cup and handle pattern breakout with fibonacci extension showing target of 500 coming soon. above 500 we will review
Trade analysis - NIFTY 50 - 2nd dec 24Multi reason Support bounce - Trendline (bold white) +PSY 24k + fib
RIVN | Long Term | 100% ReturnCMP: 12.23
Entry price: 13.5
Target: 27.5
Return: 100%
The consolidation near a key support level is a strong signal of accumulation by buyers.
Watchout volume and retest in the breakout area.
ZOMATO A CHANNEL CONSOLIDATION WILL IT BREAKOUT OR FIZZLE OUT ?Zomato Ltd. is an interesting chart in momentum with following
1. RSI on all time frames (D/W/M) above 60
2. Narrowing Bollinger Bands on daily chart with price walking near Upper Band
3. Four months long consolidation in range of 240 to 295 zone
4. ABCD pattern under formation on weekly chart
5. Major Price Supports as under:
20 SMA (daily ) 263
50 EMA (daily ) 264
20 SMA (weekly) 261
with cluster of supports in range of 260-264 can be a good risk reward trade. Fibonacci projection tool projects targets of 333 and 358 Lets see if it sustains the trend or fizzles out
Lets See How it Evolves.
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to take some position with my own Risk Reward matrix.
LICI Life Insurance Corporation of India buy trade with targetsHi! this is Kapil,
I made this graph of LICI by just using simple Fib extensions and reversals for getting to the desired target.
After seeing the closing of LICI in 2024 November month i have decided to Make this Chart.
Consult your financial advisor before investing.
ZYDUSLIFE, is up for a quick 5% move ,ZYDUSLIFE, is up for a quick 5% move ,
provided nifty should stay strong. expecting Pharma sector to do well
EURUSD Bullish BreakdownThis chart displays the 4-hour timeframe for the EUR/USD currency pair. The analysis focuses on potential bullish momentum and key zones to watch. Key elements include:
1. **Support Zone (Blue):** The lower highlighted blue area represents a strong demand zone around the 1.0450–1.0500 range, where buyers have shown interest.
2. **Resistance Zone (Red):** The upper highlighted red area near 1.0780–1.0850 represents a supply zone that could act as a target for a bullish move or a reversal point.
3. **Mid-Level Resistance (Purple):** The purple zone around 1.0600–1.0650 indicates intermediate resistance where consolidation or pullbacks could occur.
4. **Bullish Scenario:** The chart outlines a potential path for the price to move upward, breaking the purple resistance zone before heading toward the red supply zone.
The projection suggests watching for a breakout of intermediate resistance or potential support retests for confirmation of continued bullish momentum.
Natural Gas into Bullish Side....Natural gas taken Support from Daily timeframe EMA.....
Retraced from 61.80% retracement level towards upside.....3.5% is daily move from low to high....daily chart volume of candle increasing....EMA CROSS OVER in 1 Hour Timeframe....3.4 doller may be the first target...
BAJAJHFL - Weekly AnalysisIn the Weekly Chart of BAJAJHFL ,
we can see that, it has shown a up move from 125 levels.
Also, after applying FIBO we can clearly see that, it has multiple rejections at first level.
Soon it will be broken.
Expected momentum is shown in chart.
BSOFT - Weekly AnalysisIn the Weekly Chart of BSOFT ,
we can see that, after applying FIBO, it has shown a up move from 0.5 level after a consolidation and Bullish hammer creation.
Let it create a Halt candle and then we can enter with a SL and Targets.
Expected momentum is shown in chart.
DCM Shriram End of Bottom formationDCM Shriram posted fantastic Q2FY25 YoY with 95% profit. Debtor days reduced. Reduction in equity dilution. Q1 & Q2 posted improved YoY numbers with respect to sales & profit. Operating profit improved. Expecting margins and ROCE to improve. Price is just crossed above 50 Day moving average. Technical looks good. Could expect breakout soon.
Disclaimer: Not holding. Educational purpose
GLAND - Weekly AnalysisIn the Weekly Chart of GLAND ,
we can see that, after Applying FIBO, it has shown rejections at 0.38 levels which looks like a Cup & Handle Failure.
It is now trying to recover from 0.236 levels.
Expected momentum is shown in chart.
A better product than Solar IndustriesThe Defence stocks seem to be running hard
The issue is that Solar Industries, and it's product are overrated and this is so unknown
I knew this in my high school as someone on a passenger train spoke about this to me
It was a mystical company making Defence tendering products back then!
Target: Previous highs or 4 digits
Indian defence spending
Newer sources
ISRO and DRDO orders
Proximity to Sriharikota and Hyderabad
A stock that was supposed to move long backIndiamart Intermesh was supposed to be at pre-split levels of ₹10,000
Unfortunately, the momentum slowed
Now, the cup and handle and Fibo series indicate another upside coming
Is correction over in MCX?In the 75-minute chart in MCX, we can see that flat correction is going to be finished.
This can be expected as the 0-B trend line breaks in less than half a time. (See that the lowest point from the trend line is formed in 25 candles, and the trend line is broken in 10 candles.)
This is the primary indication of the end of correction.
A risky buying opportunity exists at the current market price. The stop loss for this will be below the end of wave C, i.e., below the 5820 level.
This is not a buying recommendation.
Please always do your own research before you take any trade.
This analysis is based on Elliott wave theory and Fibonacci.
This analysis is for educational purposes only.
MY first choice IDFC FIRST BANK IDFC FIRST BANK have previous records and pattern and that repeat again
Technical points
1 - down rising channel
2- Strong support on bottom
3 - hold the top of fab. point
4 previous bull run was came when is go down in channel pattern
First channel performance
Date 31-jan-2022 to 6-dec-2022
first reached on top of 50 and came down 28 in the channel when given reversal to 62
second channel performance
6-dec-2022 to 5-sep-2023
on the top of 62 he came down and reached 52 and than get reversal and make top of 100
third 6-sep-2023 to 27-november today
now its reached at same price of 62 and create bottom now we looking for a fresh reversal and channel breakout
First TRG - 86
Second TRG -98 & 102
Third TRG 120 and above 140
SL 48
only for the long term time duration minimum 1 year
This could be some possible scenario for BTCThis is the idea I am looking for BTC in the coming weeks. No specific entry points just the idea of the possible path. Been away from the market for so long going to study more.
#BTC #Crypto #USDT
