Hope that from here another bull run will follow for this quarter, since good things are happening to ADANI GREEN and ADANI GROUP.
BANKNIFTY rejected the 38.2% retracement and moved down to the trendline its been following since a month. The RSI divergence is indicating weakness and a break of the trendline could speed up the fall and we could see 20,950 followed by 20,000 and 19,750 being tested. The way the structure is setup, we could see this possibly by way of a swift downward move.
Nifty can trade in a bearish trend till 10400
BUY ABOVE: 10621 Buy levels : 10659.24543 10697.35108 10728.1488 10758.94651 10802.79411 10829.41586 10920.24302 11019.9441 SELL BELOW :10574 SELL LEVELS : 10536.05457 10497.94892 10467.1512 10436.35349 10392.50589 10365.88414 10275.05698 10175.3559 These are JULY Future value and not SPOT. Also see my idea on intra day timings . Give me a like if it worked for you
Add Britannia IN Your Buy watchlist for Intraday
I will look to sell the stock on a bounce from current levels in areas of 127 to 131 for 121 /114/110/100 targets
Finally Nifty 50 has reached the target of 1.618 level and from the current level we can expect another 100 to 150 points upside for a STOPLOSS HUNTING
Nifty will face resistance around 10600-10700 levels. It completes it retrace level 61.8%. And also negative divergence seems at the top. Nifty may take "U" turn from this point towards 8700.
I am trying elliot wave pattern combined with fib and finding the prospective move infy can show. According to me Infy can touch Tgt of 755-760-780. This is just my view. Do analyse yourself before investing...
The Stock has been made a Bullish green candle at the end of the day, with a Good amount of volume. The next Target can be around 2820. Stoploss can be around 2635. This is as per my analysis. Happy Trading. Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
TATAPOWER is at 61.8% Fib Level, If it closes around this level, we can consider Long in this(as volume is Good for the day). The next Resistance will be around at 54.45 level.
As it can be seen that havells is taking support @575.05 which is 61.8% retracement. It can go till 584 i.e. upper limit of band with SL @570.
It has formed a bullish hammer candle at 78.6 Fib level. The stoploss can be placed little below 78.6 level i.e, 410 and Target 1 can be 442, T2 can be around 458. This is as per my analysis. Happy Investing. Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to comment on the post, if I did any mistake in Analysis.
Cochin Shipyard (NSE: COCHINSHIP) is formed bullish hammer candle on weekly chart, with good amount of volume. It has closed a little above 38.2 Fib level, which it has been resisting for the last couple of sessions. This is as per my analysis. Happy Investing. Currently, I am learning fundamental and technical analysis of the stocks. Please feel free to...
ACC Break Fibonacci level of 61.8% so you can add in your Buy Watchlist.
GBP Usd pulling back to 382 retracement after an impulse , pushing down on 15m time frame for the perfect entry.