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Fibonacci

Potential Upside in $NSE:THYROCARE Dear Followers, I hope this message finds you well. I wanted to share my swing trade view on NSE:THYROCARE with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy. Stock: NSE:THYROCARE Holding Time Frame: 90 Days Entry Point: Above 600-605 Stop Loss Point : 540 Target Point: 720,760 I've created a chart on TradingView that illustrates my analysis. You can view it by clicking on the following link: in.tradingview.com Please keep in mind that markets are inherently unpredictable, and there are no guarantees in trading. This view is based on my analysis as of Date14-Oct-2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions. Feel free to reach out if you have any questions or if you'd like to discuss this swing trade view further. Your feedback and insights are always appreciated. Best regards, Ajay Metha
NSE:THYROCARELong
by PrachiMetha
Will Reliance continue its Downtrend ?The price declined about 13% from the high of 2631. Also the degree and nature of separation of ema bands indicates a downtrend. If the price is rejected from the level of 2362 then it will continue its downtrend. And for an uptrend the price has to break the resistance zone with momentum. It's important to consider, the long-term band is in the resistance zone. So wait for the price to clear its trend. Currently we are at make or break levels. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. This material is only for educational purposes. Thanks Er. Simranjit Singh Virdi
NSE:RELIANCE
by ssvirdi
2
Get ready for a move of 8%After making a low of 168 the price rebounds with a good momentum. Now the price has entered the resistance zone. The breakout of 178 will open the levels of 190. GMMA Indicator for Trend Signs: 1. The degree and nature of separation in the long-term group of EMAs indicates a pause in the long term trend. 2. The degree and nature of separation in the long-term group of EMAs indicates a trend reversal. Hit the like button!! Show some energy!! Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. Thanks Er. Simranjit Singh Virdi
NSE:ASHOKLEY
by ssvirdi
Nifty daily analysis for 18/10/23.Nifty is still unable to trade above the resistance levels of 19850. After a gap up opening the market came for selling and consolidated around the level. There was a sell off in the second half, taking support around the support level as well as the 20 ema on the hourly charts. Market gave a nice move but there was no follow through in the markets. The markets are holding on the higher levels which signifies there will be a break out trade in the coming days. Of the major trend the market has crossed and sustain above the 50% fibonacci level but it is unable to test 61.8% levels. On the 15 minute charts, the market tried to sustain the higher levels and in the second half it started trading below the 20 ema. Support :- 19780, 19730 Resistance :- 19840, 19900 Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Primary Wave B rise ending soon.Cycle wave 1 range: 11108-39444,Currently We are in Cycle wave 2(Not shown) Primary wave B(Red) Intermediate wave C(Orange) Minor wave 5(White) Going by the internal structure it seems like cycle wave 2 is taking a form of zigzag correction where in we are almost done with primary wave B.Going ahead we can see a impulsive fall in the form of primary C which can take prices between 25200-25300 as we are having 50% retracement of entire cycle wave 1 at 25277 and 61.8% extention of primary wave A for wave C is coming at 25307.On the upside this primary wave B(for a zigzag) should retrace 61.8% primary wave A which is coming at 34381,but here we have stopped around 50% retarcement coming at 32816.Adding to it we also have 138% extention of wave intermediate wave A for wave C coming at 33107.Although we have penitrated both the levels on the upside but it seems like rally that started from 27000 is loosing steam as we can see a rising trendline has been breached connecting minor wave 2 and wave 4 pivot lows. On the downside a close below 31400 can be a confirming evidence for the end of wave B rise. Disclaimer:This analysis is for my future reference no position should be taken solely on its basis.
NSE:CNXITShort
by UNDERDOG-29
Asian Paints near a break down.Asian Paints has been taking support from the 200 ema on the daily charts and is trading between both the moving averages. The stock closed below the weekly 20 ema and today test the level and closed almost flat. If the market remain in a bearish trend, there can be a short trade in the stock as it has test the support levels many times. Entry :- Below 3150 Targets :- 3090, 3048 The stock today tried to move up but slowly came down and closed near the support levels of 3150. Asian paints has been trading below both the moving averages on the hourly and 15 minutes charts. Positional and swing trade can be initiated in the stock as it may take 2-3 days in hitting the targets. Wait for the price action near the levels before entering the trade.
NSE:ASIANPAINT
by Mambotrade