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Fibonacci

HDFC Bank Trade Setup on the Daily Chart📊 HDFC Bank Trade Setup on the Daily Chart 📈 Here's an interesting long trade setup for HDFC Bank: 🔹 Entry : 1771 🔹 Take Profit : 1881 🔹 Stop Loss : 1742 This trade aligns with a confluence of technical factors: 1️⃣ Fibonacci Retracement🟠: Price is bouncing near the 0.5 retracement level, signaling potential support. 2️⃣ EMA 50 🟡: Acting as dynamic support, strengthening the probability of a rebound. 3️⃣ Historical Resistance-Turned-Support 🟢: Price is testing a key zone previously broken. Risk-to-reward ratio looks favorable for a swing trade. Keep an eye on how price reacts to this critical level. 💬 Share your thoughts in the comments!
NSE:HDFCBANKLong
by Shivam_Mandrai
BankNifty Intraday Support & Resistance Levels for 19.12.2024On Wednesday, BankNifty opened negative, reached a high of 52827.60, but slipped to a low of 52010.65, entering the Daily Demand Zone. It ended the day at 52139.55, down by 695 points, marking its second consecutive losing session. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has shifted to sideways. Demand/Support Zones Near Demand/Support Zone (Daily): 51693.95 - 52197.25 (current price inside this zone) Far Support: 51353 (61.8% Fibonacci level) Far Demand/Support Zone (125m): 50898.75 - 51271.50 Far Demand/Support Zone (Daily): 49787.10 - 50983.50 Supply/Resistance Zones Near Supply/Resistance Zone (125m): 52709.40 - 52911.10 Near Supply/Resistance Zone (15m): 53159.20 - 53276.55 Far Supply/Resistance Zone (30m): 53489.70 - 53675.05 Far Supply/Resistance Zone (Weekly): 53741.40 - 54467.35 (tested)
NSE:BANKNIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 19.12.2024On Wednesday, Nifty opened negative, touched a high of 24394.45, but couldn’t sustain it and fell to a low of 24149.85. It ended the day at 24198.85, marking its third consecutive losing session, with a loss of 137 points. Both the Weekly Trend (50 SMA) and Daily Trend (50 SMA) are currently sideways. Demand/Support Zones Near Demand/Support Zone (Daily): 23927.15 - 24188.45 (tested twice) Far Demand/Support Zone (75m): 23447.15 - 23578.60 Far Support is at 23872 (61.8% FIBO) Far Support is at 23263 (low of 21st November 2024) Supply/Resistance Zones Near Supply/Resistance Zone (125m): 24601.75 - 24698.10 Near Supply/Resistance Zone (Weekly): 24567.65 - 25234.05 (tested) Far Supply/Resistance Zone (Daily): 25739.20 - 25907.60 Far Supply/Resistance Zone (Daily): 26151.40 - 26277.35
NSE:NIFTY
by PriteshPalan
BHEL : bullish after this breakout INVERTED HEAD AND SHOULDER pattern Breakout - the stock has broken out of the inverted head & shoulder pattern with gap-up indicating bullish momentum for the stock till the target is reached 50D SMA SUPPORT - the price has repeatedly taken support from the 50D sma line for last few days signaling upside potential for the stock REVERSAL FROM FIBONACCI RETRACEMENT LEVEL (0.5) - price has recently reversed from the 0.5 fibonacci retracement level with perfect accuracy which denotes bullish momentum for the stock after the reversal PROFIT - the target is 266.90
NSE:BHELLong
by peace_lover
IT SECTOR OVERVIEW: Super Bullish!Observation & Overview: 1. The IT Index was beaten down in late 2022. 2. After 2023 it formed a bottom and prices started gaining strength. 3. 2024 price started forming Higher Highs & Higher Lows, touched the previous 2022 ATH and currently, taking support from the 50% of the swing and also bouncing from a D tf demand. 4. It is acting as a major support zone and good weekly candle rejection can be noticed. 5. Signs of buyers getting dominant and it should break the ATH soon. 6. I'm expecting a minimum 15% ROI from this sector turnaround. 7. Hopefully, with sector rotation this sector is going to gain momentum eventually. - 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
NSE:CNXITLong
by SuperNova396
1
Time Analysis - Elliott Wave combinationSWAN ENERGY LTD is in impulse now. In the daily chart of SWAN ENERGY LTD, Flat Correction is getting over and the price is entering in impulse now. This can be said if we combine Time analysis with Elliott wave counting. The detailed counting of this Flat Correction can be seen in the chart above. The 0-B trendline is broken in half time of wave C time. (We can see wave C took 59 bars to form and after that, the price breaks above the 0-B trendline in just 30 bars) According to the rule, the Flat Correction is over and the price is in impulse now. The price will go to 127% for sure here, which gives us a price level of 875.45. This analysis is based on Elliott Wave theory and Fibonacci with time analysis. This analysis is for educational purposes only.
NSE:SWANCORP
by theprofityogi
Indus Towers Technical Analysis: Fibonacci Support and BreakoutThe chart of **Indus Towers Ltd.** using Fibonacci retracement levels, trendlines, and RSI (Relative Strength Index). Here's a detailed breakdown: ### Observations: #### 1. **Fibonacci Retracement Levels**: - Key levels drawn: **0.236 (₹426.50), 0.382 (₹405.25), 0.5 (₹388.05), 0.618 (₹370.85), and 0.786 (₹346.40)**. - The price has retraced significantly from the recent high and is hovering around the **0.786 retracement level (₹346.40)**, indicating a potential **support zone**. #### 2. **Trendline and Breakout**: - The chart shows a **downward trendline** connecting lower highs. - A breakout above this trendline is evident, followed by a **retest of the breakout zone**, aligning with the Fibonacci support around ₹346.40. #### 3. **Touches and Reversal Points**: - Multiple resistance touches (labeled "Touch") at the upper trendline before the breakout. - After the breakout, there was a retracement, suggesting a **possible higher low** if the price holds above the ₹346 level. #### 4. **RSI Indicator**: - The RSI (Relative Strength Index) is near **55.91**, which is neither overbought nor oversold, but it indicates **neutral to slightly bullish momentum**. - RSI is approaching the midline, suggesting potential upward momentum if it sustains above the 50 level. --- ### **Key Levels to Watch**: 1. **Support Zone**: - ₹346.40 (Fibonacci 0.786 level). - Below this, ₹315.20 (Fibonacci 1.0 level) acts as the next major support. 2. **Resistance Zone**: - ₹370.85 (Fibonacci 0.618 level) and ₹388.05 (Fibonacci 0.5 level) are immediate resistances. - Breaking above ₹388 could indicate a resumption of the bullish trend. --- ### **Conclusion**: - **Bullish Scenario**: If the price holds above ₹346 and breaks ₹370, it could rally to ₹388 or higher. - **Bearish Scenario**: A break below ₹346 might push the price towards ₹315 or lower. - Keep an eye on the RSI; a move above 60 could strengthen the bullish case. Would you like further insights or trading strategies based on this analysis?
NSE:INDUSTOWER
by AnkurDasTrader
NAM-INDIA Interesting Time analysis with Fibonacci Time zonesOn NAM_INDIA when you apply Fibonacci Time on Oct 2018 trough to Mar 2020 trough you see each subsequent peak or trough is formed on next Fibonacci like peak was formed on 2nd and trough was formed on 3rd. Stock is out of consolidation last week, making newer highs, no overhead resistances, and last week highest 52 weekly volume was seen. This give idea that by 5th Fib time zone it can remain upwards trajectory. Combining this with basic macro and qualitative analysis can also give us hint. You know that mutual funds inflows have drastically increased in recent years so Nippon is likely to be biggest beneficiary of rising mutual funds investments. As on Oct 2024 this is 4th largest company in India as per Assets under Management(AUM) other are 1. SBI Mutual Fund(Not listed), 2. ICICI Prudential (Not listed), 3. HDFC AMC (Listed but already a mega cap). Disclosure : I have added first tranche in stock and will add more on pullback and bounce from 730 zones with max 6-7% stop. Do let me know your thoughts in comments. 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:NAM_INDIALong
by Niftydirection