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Fibonacci

IRFC (Indian Railway Finance Corporation Ltd)In my analysis(for 1-2 weeks), I've identified a potential trade idea for the IRFC stock. Based on my evaluation, I see two profit targets. The first target is set at 56.4, while the second target is at 60.4. To manage risk, it's important to establish a clear stop-loss level. **Trade Idea:** Consider a long position(1-2 weeks) on IRFC stock with a first profit target at 56.4 and a second target at 60.4. Implement a well-defined stop-loss strategy to manage risk effectively. 1st Target--> 56.4 2nd Target --> 60.4 Thanks Kambi
NSE:IRFC
by kambi123
4
Swing Trade $NSE:TIRUMALCHM Looks Good Dear Followers, I hope this message finds you well. I wanted to share my swing trade view on NSE:TIRUMALCHM with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy. Stock: NSE:TIRUMALCHM Holding Time Frame: 90 Days Entry Point: 210-215 Stop Loss Point : 195 Target Point: 240,260 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 Dated 26-Aug-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:TIRUMALCHMLong
by PrachiMetha
1
Can $NSE:BSOFT entered in negative Trend ?Dear Followers, I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock NSE:BSOFT you've been monitoring. Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy. If Stock Break 435-430 level then possibly we can see 420,400,385 level so if you are ready to take Risk then I have 2 Strategies For Month Of August Series that we can Deploy. 1) Buying an Option Buy BSOFT 440 Pe Near 8-8.50, Stop Loss 5.80, target 12,14,16.50 Time Frame 7-8 Days Investment =16000, maximum Loss=4400, Profit Upto 17000 2) Hedge strategy Buy BSOFT 445 CE Near 12-12.50 and Sell BSOFT Future Below 442, Sl 450, Target 430,425,420 Investment = 50000 Maximum Loss = 16000 Profit Upto = 35000 Best regards, Ajay Metha
NSE:BSOFTShort
by PrachiMetha
Greaves Cotton Ltd Good to Add for Swing TradeAs Per Swing Trading Analysis and Insider Trading Data Analysis Mention Stock Looks Bullish if this stock breaks 133 Mention Level then Possibly it will test 128 Level. According to Chart and Data we can Consider Buy Near 130, Stop Loss 119, Target150,160,180 Level. Before Taking Any Entry Do your Own Analysis. Positive Notes- Promoters have increased holdings from 55.74% to 55.87% in Jun 2023 qtr. FII/FPI have increased holdings from 4.54% to 4.94% in Jun 2023 qtr. Only For Educational Purpose
NSE:GREAVESCOTLong
by PrachiMetha
$NSE:APOLLOTYRE Looks Sell Side Dear Followers, I hope you're doing well. I wanted to share a brief update regarding the short-term trend of the stock NSE:APOLLOTYRE I have been monitoring. Currently, the stock is experiencing a downtrend in its short-term price movement. My analysis indicates that market conditions and recent price action suggest a period of declining prices. This information could potentially be useful for your investment / hedge strategy. If Stock Break 382-380 level then possibly we can see 375,370,363 level so if you are ready to take Risk then I have 2 Strategies For Month Of Sep Series that we can Deploy. 1) Buying an Option Strike Rate = 385 PE Buy Near 9 Stop Loss= 6 Target = 13,16 Time Frame 6-7 Days Investment = 15300 maximum Loss= 5100 Profit Upto = 12000 2) Hedge strategy Stock Name- NSE:APOLLOTYRE1! Future Entry Level - Below 385 Future Stop Loss Level- 393 Future Target Level- 377,373,370 Option Level- 385 CE Near 12 Investment = 30000 Maximum Loss = 9000 Profit Upto = 16000 Best Regards, Ajay Metha
NSE:APOLLOTYREShort
by PrachiMetha
Banknifty weekly analysis for 04/09/23.Banknifty has been facing rejection from 38.2% fibonacci levels and this week also it has retraced after touching the level. Though, the market has travelled around 44800 levels but couldn't sustain the levels and has closed below 44500 level. There is another doji on the weekly charts and the market is still not showing some conviction of the trend. There was a constant struggle in crossing 20 ema on the daily charts and still the market has closed near the level. There is a bullish engulfing candle and many time banknifty has reversed after testing 44000 levels. On the hourly chart, there is a struggle in crossing 200 ema and has closed between both the moving averages. There are chance of a bullish move this week as there is a G-20 meeting. The market will take a little pull back as the it has travelled a lot in one direction. On 15 minute time frame, market has closed above both the moving averages and has retested the support level of 44350 after a rejection from 44570 levels. There are chance of moving going bullish even after a gap up opening as the retracement is done. Support :- 44350, 44080 Resistance :- 44570-90, 44910 Watch for a trending move in the market as a good consolidation is done and a nice break out can be seen. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by Mambotrade
Nifty weekly analysis for 04/09/23.Nifty has finally given a green candle after 5 red candle and has closed above 19400 levels. There was a nice bullish move in the last trading session after constantly testing 19250 levels. Market was in a bullish move and from the last month there was a retracement and the markets were indecisive where to go. A U-shape recovery is there, on hourly charts, but still nifty is around the resistance zone. Watch for the market as there is a G-20 meeting which will also show some fake movements in the indian markets. After constantly struggling to close above the 20 ema, now it has closed above the level and is looking some what good as there can be a trending market in the coming week. On 15 minute time frame, there is a bullish moving averages cross over and even on the higher time frame, market has closed above both the moving averages.' Support :- 19330, 19250 Resistance ;- 19460, 19565, 19620 Nifty has closed around the resistance area and there are chance of a pullback before another bullish leg. Watch the market to cross 19550 levels which will confirm the short term trend and bullish trades can be carried on for this session. It has reversed from levels between 50-61.8% fibonacci levels that is the golden zone. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by Mambotrade
Head and shoulder pattern break out in M&M.Mahindra & Mahindra is forming a new ATH and has closed above the neckline of the inverted head and shoulder pattern. The shock on the weekly time frame has given a nice closing near the ATH and on the daily time frame test the 20 ema after taking a retest from the resistance zone then giving a breakout. Sector and stock both has closed near the ATH. There is a much chance of carrying on with the break out and hitting 1.618 and 2.618 Fibonacci levels. Auto sector has also move more than 1.5% which also helps in carrying a bullish trade in this stock. In the second half of the trading session the stock has consolidated on the higher levels and closed just around it. 3 point confirmation. 1. Break out of Inverted H&S pattern. 2. Retested before giving a breakout. 3. Auto sector also forming ATH. Target:- 1628, 1700 Stop Loss :- Close below 1575 (hourly candle). Stock can be bought for the targets. Even swing and positional trades can be carried in the september series. Wait for the price action near the levels before entering the market.
NSE:M_MLong
by Mambotrade