BTTCDear Investors,
Excited to bring to your attention a potential buying opportunity in the BTTC/USDT market. Currently, the stock has retraced back to key support levels around 0.00000087 USDT. This price level corresponds to the 70.5% Fibonacci retracement level, a historically significant zone that often marks a strong foundation for future price increases.
In the past, we have observed that when the price of BTTC/USDT reaches these levels, it tends to rebound with considerable strength. The chart indicates that after touching similar retracement points, the stock has shown remarkable bullish momentum, leading to significant returns. This historical pattern suggests that the current levels could once again act as a springboard for potential gains.
Here are some key Fibonacci levels to watch:
- 0.00000087 USDT at the 70.5% Fibonacci retracement level
- 0.00000084 USDT at the 79.0% Fibonacci retracement level
- Resistance Levels: 0.00000110 USDT at the 61.8% Fibonacci retracement level, and higher levels such as 0.00000130 USDT at the 50.0% Fibonacci retracement level
Given these factors, we believe this is a prime time to consider adding BTTC/USDT to your portfolio. The market conditions are favorable, and the stock is trading at a critical support level that has previously proven to be a robust entry point for long-term investors.
However, it is crucial to approach this with a strategic mindset. While historical data and technical analysis provide valuable insights, the cryptocurrency market is inherently volatile. Therefore, it is advisable to conduct your own research, evaluate your risk tolerance, and consult with a financial advisor if necessary.
This analysis is intended solely for educational purposes. Investing in cryptocurrencies involves risk, and it is important to make informed decisions. We aim to provide you with the tools and knowledge to navigate these opportunities effectively.
Happy investing!
Fibonacci
POLYCAB - Ready for UptrendA beautiful Gap-Down has been created in the chart signifying a possibility for the market to move in an upward direction soon by the end of this week.
We can be bullish on it and hold on to our first target of about 9400-9457.
I am not SEBI Registered. Do your analysis before investing your hard-earned money.
My idea is to go long on this share.
ULTRACEMCO - ELLIOT WAVE 5 IN MAKINGHi All,
This idea is about Ultratech Cement
Mkt Cap - 3L Cr
ROE - 12%
ROCE 15.3%
P/BV - 5.56
MktCap/Sales - 4.7
FCF - 2k Cr
Technicals
Price action being published is on a 1 hour TF. As can be seen by the pattern, Elliot waves are in motion. Wave 1 was an impulsive wave followed by Correction wave (Wave 2).
Ideally Wave 2 should correct to 50-60% as per Elliot theory & that is what happened during Wave 2 formation.
Wave 4 corrected again by 30% and point 4 above point 1 which all points to the validation of Elliot theory.
Wave 5 is about to commence which is as per the theory strongest impulse wave.
Cement Sector as a whole is doing well due to boost in infra sector.
Happy Trading,
Thanks,
Stock-n-Shine
KPIL KPIL
High Risky Stock is 3.06x as volatile as Nifty
News
Mumbai | Thursday, 11 July 2024: Kalpataru Projects International Limited (KPIL), one of the largest
Engineering & Construction companies listed in India along with its Joint Ventures (JVs) and international
subsidiaries have secured new orders/notification of awards of ₹ 2,995 Crores.
The details of the aforesaid new orders are as follows:
• Orders in the Transmission & Distribution (T&D) business in overseas markets
• EPC Order in the Water business in JV
• B&F orders in India
Company has been maintaining a healthy dividend payout of 23.1%
Technically study "bullish" look into chart say...
some reasons
1) "W" patterns
2) well support of "fibo"
3) Elliott correction wave (ABC ) that main in this
4 ) news
5) all time high with volume spike .
targets are already opens with SL .
for MORE check in my Tv-id " in.tradingview.com "
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
Bullish SignsBeing a trading cum self clearances company of NSE - National Stock Exchange, it has to pass through a lot of regulatory certifications and clearances. It is an integral member of NSE and has a high scope of growth till Indian markets stands strong.
Look at the chart, for a long term investment, it give me a great bullish sign.
It has a potential to easily reach at a mark of Rs. 560 but before that it will have to reach at its first target of 220-240, consolidate there and then move ahead.
All this only if India markets stays strong and shows robust growth.
Do your analysis before investing. I’m not SEBi registered.
BANKNIFTY FOR 10 Jul#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
NIFTY FIN SERVICE FOR 10 Jul#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
NIFTY FOR 10 Jul#Execution only after break and close above or below from resistance or support 15-minute candle.
#Stop Loss above or below from resistance or support 15-minute candle.
(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)
(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)
NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.
Please Give A Like If You Like
Nifty Short Swing Trade 1:3.5 Risk-Reward RatioIchimoku TS KS broke in 15 mins and once it breaks the cloud and price structure, we will get the confirmation.
We have shared our higher time frame view earlier today - please check:
Entry : 24280 (in case of gap down opening below this level, wait for a small pullback near TS in 5 mins)
Stop Loss : 24417
Target : 23770
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Please conduct your own research and consult with a qualified financial advisor before making any investment decisions.
YESBANK (fibo )YESBANK
SL compulsory.
This Elliott Wave theory and understand how to effectively trade using this technique. Ralph Elliott discovered a very important pattern in the markets in early 20th century.
yes bank move with high volume with breakout still wait for retext .
targets and sl asper fibo .
for MORE check in my Tv-id " in.tradingview.com "
If You LIKE👌👌 MY Idea ......Boost.🔥🔥🔥.. its.
"Disclosure : I am not Sebi-registered." This channel is for only educational purpose. Any profit/loss, I am not responsible.
Before taking any trade on our charts / calls, please consult your financial advisors. Thanks
Bull Run Over? Will Nifty Return to 19K? | Nifty50 Wave AnalysisWave has already shared the Nifty wave counting (2020-24) earlier. Please refer to the following links:
Nifty Elliott Wave Analysis 2020-24 With Subordinates Counting
Strong Wave 5th is Happening: Nifty Wave Analysis in DTF
The big wave 5th of the impulse, which started from the 2020 COVID bottom, has hit 261.8%, and we have to go for a degree correction.
Three possibilities:
1. Rally Continues : Wave 5th can go in extension further if Nifty can sustain weekly candles above 24,127. It can hit 26,000, but the possibilities are very low due to many factors like divergences, Ichimoku gaps, Yearly CPR etc.
2. Time-wise Correction: Nifty can stay in a big range (4,000-5,000 points) for one or two years.
Who can benefit from this? Option sellers, for sure.
3. Price-wise Correction: Nifty can see a sharp fall to the demand zones we mentioned.
Who can benefit from this? Option buyers, directional options and future sellers.
Note: Edge is compulsory for any trades to avoid unexpected events since it's going to be a positional trade.
Entry Points:
Current Market Price is 24,302, and a 1-hour candle close below 24,170 is our short entry.
Stop Loss:
The safest SL is 24,610, but if this SL is too big for swing/intraday traders, they can keep the stop loss above 24,450.
Targets:
We have mentioned three demand zones in the chart based on Fibonacci retracement:
First Demand Zone: 22,000-22,500
Second Demand Zone: 20,030-20,960
Third Demand Zone: 18,000-18,500
HDFC Bank retesting the break out zone, looks bullish.
The stock looks bullish as per the price action. There was a consolidation and a break out after a gap up opening creating a gap.
It has retest the break out zone and the gap is filled.
HDFC Bank has taken a good support from 1480-90 zone as there is a confluence of 200 ema, retest and fib retracement levels.
Entry :- Above 1528
Possible Targets :- 1556, 1588
Swing/positional targets in the stock are even more. As the entry in the stock will be created the targets will be revised with trailing the SL/.
Wait for the price action on the bullish side for the entry.
Where is Nifty 50 Headed Next? Is the journey coming to an end? Date: 3rd July 2024
Nifty Elliot Wave Analysis - Daily Time Frame
General Trend:
Since March 2023, Nifty 50 has surged in a remarkable uptrend, skyrocketing from around 17,000 to an impressive 24,300—a spectacular leap of 7,300 points. So, has Nifty 50 reached its limit? Is the journey coming to an end?
Here is our previous analysis, which we posted on June 18th, and we are still using the same wave count.
Ichimoku Cloud:
Applying the Ichimoku cloud to the chart, we see that Nifty 50 is trending above the Monthly, Weekly, Daily, and Hourly clouds. This suggests that Nifty 50 still has more ground to cover. No sign of reversal yet in Ichimoku and Price action.
Elliott Wave Analysis:
Applying Elliott wave analysis to the entire leg of Nifty 50’s journey from March 2023 suggests that we are currently in subwave 3 of Wave 5.
The Wave 5th has already completed its minimum target at 127% (23,898) and is now looking to hit 161.8% (24,600). If this is surpassed, we could see 25,000+ which corresponds to the 200% Fibonacci ratio.
The Nifty trend will change only if the daily candle closes below 23,898.
Disclaimer:
We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Is HDFC Bank aiming to hit 2200+ in the coming months?Reason for going long on HDFC:
Ichimoku:
HDFC stock has been sideways for years but is slowly turning bullish after hitting strong Ichimoku cloud support at 1350. It is now crossing the Tenkan-sen (TS) and Kijun-sen (KS) on the monthly chart.
Fibonacci + Fib Channel:
When we draw the Fibonacci channel and Fibonacci extension of swings, it looks like HDFC is set to hit 2200 in the coming months.
Buy on Dip:
The current market price (CMP) is 1604. Any good dip near 1450-1520 presents a great buying opportunity for the long term.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.