Get started

Fibonacci

FinNifty weekly expiry analysis for 13/08/24.FinNifty is trading around the round number figure of 23k and has taken resistance from 61.8% fib levels. There is a down trend confirmation in the market and sell on rise is the market cycle. For last two trading sessions market has been trading between 20 and 50 ema. If market starts trading below 22800 levels, 22600 shorting target can be achieved and further is can test the recent low fo 22480. There is not much movement or follow through after the bullish candle and the last hour fall show there are chance of market going for selling. In case of a gap up opening, the market can go for a gap filling trade upto 22350. Major support levels :- 22960, 22820 Resistance levels :- 23160, 23233 Watch for the VIX and price action near the levels before entering the markets.
NSE:CNXFINANCE
by TheMamboMomentum
RAILTEL - AS PER FIB RETRACEMENT, CORRECTION WAVE MIGHT BE OVERHi, This idea is about Railtel Corporation of India Ltd ABOUT THE COMPANY RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. It is a "Miniratna" PSE of the Government of India. At present, RailTel's network passes through around 6,000 stations across the country, covering all major commercial centers TECHINCALS As per the price action, the first impulse wave took the price all the way from 337 to 615. THen the correction wave commenced which pulled back the price from 615 to 440 levels. The price point as per fib retracement is at the point of 50-61% which as per Elliot Wave theory should be the correction wave Next impulsive wave could start if the price aloses above 475 with volume support FUNDAMENTALS Market Cap ₹ 15,066 Cr. Current Price ₹ 469 High / Low ₹ 618 / 163 Stock P/E 56.4 Book Value ₹ 56.9 Dividend Yield 0.61 % ROCE 20.2 % ROE 15.2 % Face Value ₹ 10.0 Equity capital ₹ 321 Cr. No. Eq. Shares 32.1 EPS ₹ 7.99 Promoter holding 72.8 % Change in Prom Hold 0.00 % Chg in Prom Hold 3Yr 0.00 % Pledged percentage 0.00 % Market Cap to Sales 5.67 Sales growth 29.8 % PEG Ratio 3.81 EVEBITDA 27.9 Quick ratio 1.16 Trade receivables ₹ 1,268 Cr. Sales ₹ 2,658 Cr. Debt to equity 0.02 Price to book value 8.25 Free Cash Flow ₹ 347 Cr. CMP / FCF 75.8 Thanks, Stock-n-Shine
NSE:RAILTELLong
by Stock-n-Shine
Fin Nifty is Bearish - Can hit 22680 in coming days! 1:3.5 RRWhy Short Fin Nifty: Current Market Price: 23879 Fin Nifty has completed its 1-2-3-4-5 subwaves and rejected the 261.8% level (24,027) yesterday. Risky players can short at current price but it has strong support at 23,750. Once this level breaks, the price structure will change, giving us double confirmation as Ichimoku will break both the TS and KS by that time. So this entry will be safer but SL will be little big. Stop Loss: 24,056 T arget: 22,680 Risk-to-Reward Ratio: 1:3.5 Note: We always prefer futures or option selling with an edge to avoid overnight risks. 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.
NSE:CNXFINANCEShort
by WaveMoku
Longterm Opportunity on Blue DartGo Long @ 6195.1.1 for Targets of 7060, 7550, and 8040 with SL 5700 Reasons to go Long : 1. On a Monthly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the 0.5 Fibonacci level. 3. Also there is a strong demand zone (marked with green color), from which the stock is taking support and moving up. 4. Also on a weekly timeframe stock has formed a double bottom (W) pattern.
NSE:BLUEDARTLong
by Nimish_Ghagare
7"NYKKA" FSN ECOMMERSE VENTURES LTD 28 WEEKS BREAKOUT WITH 1. NYKKA given a breakout in 135 days (28 Weeks) high and packed with the volume of 53.22M, And NYKAA' s last 30days average volume is 7.33M. 2. It was Created a range contraction between 139.8 to 195.50 (55.70 points, 39.84%), After this breakout this range might expand up to 111.4 points. In price levels the expansion will be leads to 306.9 levels. 3. Based on the Historical price action from 11th April 2022 to as of now there is no potential supply zones in Higher Timeframe like Weekly & Monthly between 294.15 4. Based on these analysis we can expect a Midterm price momentum in NYKKA up to 294.15 (94.12 Points, 47.05%) from CMP 200.03 5. In case if price comes down side for a retracement 172 to 178 area will act as a reversal zone because of Demand zone, Parallel EMA's and 0.618 Golden Ratio in of 139.8 to 195.5 CONCLUTION Buy Trade Aggressive Entry CMP Conservative Reversal Entry 178, If Price Come Stoploss 170 Possible Target in Mid-term 294 (Weekly Supply Zone)
NSE:NYKAALong
by ANISHFNK21
IDFC first bank move will startIDFC first bank is now ready for the move. It has good breakout in D W M timeframes. in 15mnt it was also retested too. According to my thinking this stock can double very quickly. Please also see previous breakouts which i mentioned for demo (grey area). The longer the consolidation the higher it can go so this time is has nearly 1yr consolidation breakout. So it will go long way. First immidiate target is 100 then further move according to fibo extensions. Move is till 230 but i cant show in one screen. Please follow my given targets & i will keep updating this post. Keep this in mind. Options is a dangerous instrument to play. Please do not go wild on anything unless you know exactly what you doing. Even though your direction is right still you tend to loose in option buying. And market can always prove me wrong and i take that rights too. Experience traders also fail in this market. Only risk management will give you an edge. Don’t take any trades without SL. Respect the market, Ungli nahi katoge to pura hath katna padega. Beware. DISCLAIMER: I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE EDUCATIONAL PURPOSES.NON ADVISORY, DISCRETIONAL NO CLAIMS, RIGHTS RESERVED. I AM NOT RESPONSIBLE FOR YOUR PROFIT OR LOSS.
NSE:IDFCFIRSTBLong
by ashishhc
8
Grindwell Bullish reversalGrindwell norton making Cup & Handle pattern. Look at the false breakout. Long upper shadow signifies selling pressure. It's either good to wait for weekly close or have SL at breakout level. False breakout then retraced to 61.8 fib retracement and took support. Also, it was long term trendline support. Plus look at the long lower shadow which signifies strong bullish reversal. I had alert below 2K as I was expecting it to take fib & trendline support and got triggered.
NSE:GRINDWELL
by naraykln
Positional or Longterm Opportunity in SyngeneGo Long @ 697.1.1 for Targets of 758.05, 819, and 879.95 with SL 636.15 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around the 0.618 Fibonacci level. 3. Also the stock had given Trendline (marked with green color) breakout & retested and took support from it. 4. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
NSE:SYNGENELong
by Nimish_Ghagare
1
Gold Buy Given near 2360 , good profit running 2395,2419 Target Disclaimer - This information is only for educational purposes, this is not for any buy or sell recommendations . On Our Harmonic pattern indicator based trade setup take trade as explained below :- ENTRY - When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade SL - SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low . TARGET - Target 1- (T1 : 61.8 %) Target 2- (T2 : 88.6 %) Target 3-  (T3 : 127.2 %) Target 4-  (T4 : 161.8 %) Please note:- It's working on news based and volitile market very well so exit if SL hit
OANDA:XAUUSDLong
by JaiPrakashShuklaHarmonicTrader