Price as retraced at 38.2% of impulse fall from Nov 19, Touching a trend line, and local resistance area, Also there is RSI divergence on weekly chart. We can look to sell if price hold below 87 strictly for target of 70-73. But if goes above 87-88 and holds the then we can look for buying opportunities above 90.
As per technical Nifty Looks positive. As per the Weekly chart nifty will go up to 10600 levels. It failed to retrace on 0.5 level next level is 0.618 which is about 10530.(Fib Retracement) From this analysis Nifty Level is 10500 - 10600 Do your analysis before trading/ Investing. Give u r opinion on these idea.... Thank You...
DOW gave some real good rally on Friday and ended up hitting a resistance zone and BNF followed the trend by rallying upside in last 45 min of Friday trading. If DOW doesn't fall drastically on Monday morning, we may see good GAP UP opening for BNF have plotted BNF upper resistance from GAP opening perspective if BNF GAP opens above 21575 , we may see upside...
Bank Nifty looks bullish on the charts NSE:BANKNIFTY Simple analysis 1. RSI above 60 2. Cluster support indicated by horizontal line and fib retracement levels 3. Upward move on trend line break indicated by the downward trendline break 4. Unbroken uptrend indicated by the upward trendline 5. Big green candle Do share this post, follow me, like and comment...
According to fib retracement If price sustains > 663 then the target of 702.5 is expected if the price goes below 663 short with the target of 604.4
REC Ltd has formed ascending triangle Pattern in Day Chart time frame. If the script go pass 105. We can go for Long. Target 1 - 113.50 Target 2 - 124 Target 3 - 134 SL - 98 Disclaimer; Kindly do your own analysis before executing the trade
SBI Has formed Falling Wedge Pattern with Low Volume. There may be Bearish Reversal. If the script go beyond 180.50 we can go Long SL - 167 Target 1 - 192 Target 2 - 215 Target 3 - 235 Disclaimer: Kindly do your own analysis before executing the trade
Index at critical fib level, any weakness here can start another sell off
BPCL CMP 350.5 - the stock has taken resistance exactly at 76.4% retracement at 355 odd levels - given the set up one may consider to 370 Call option currently at 12 Lot size 1800 Max profit potential Rs 21600/- per lot (yield potential of 8% til 25 June) In built loss protection for a rise up to 382 in spot price Take care & safe trading.
The pull has come till 38.2 % of Fib retracement. 66 EMA has also taken support. SL - 574 approx
At Resistance. Previous Support May Act As Resistance. Can Test 317/307/297, Resistance @ 355. Positional View For Educational Purpose Only. Please Consult Your Financial Advisor Before Taking any Decision. I am not SEBI Registered Financial Advisor.
HDFC Ltd has formed a ascending triangle pattern. If the script cross above 1750. Then it will be good for Long. SL - 1500 Target 1 - 1950 Target 2 - 2100 Target 3- 2275 Disclaimer: Kindly do your own analysis before executing the trade
Long your investment in small- small parts: Firstly you can buy a few numbers of shares now as price action shows positive movement. second, it will show correction buy some more which will average down your overall buying price. And once the share price crosses 486 and 517 (which means 517 is the strong resistance) invest according to your capacity.
We must wait for the OPEC reports, which are speculated to be positive for the oil industry, with cuts in production and also the increase in industrial consumption motivated by the economic reopens that are taking place little by little. This generates a positive expectation for the rise in the price of futures and CFDs with possible levels that point to the...
Fibonacci Retracement with Support & Resistance strategy for Swing Trading. Entry: Buy @389.45 - After breakout the Resistance line and Fibonacci level 78.6% Target 1: At Fibonacci Level 100% Target 2: At Fibonacci Level 161.8% StopLoss: At Fibonacci level 38.2%
Profit Booking @ 860 level with stoploss of 890
Tata Steels has shown the Inverted Cup and Handle - The handle was broken @ 400 and Scripts was moved to 251. Now the script was in the consolidation phase. It was in the No trade zone from 250 to 305. If the script cross 310 then the target will be 365 or if the script goes below 245 - Then the next target will be 200. Disclaimer: Kindly do your own...
Titan Short term trade Target - 1003 Stop Loss - 968