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Fibonacci

Upcoming short OppurtunityAfter a big sell off that came at 18350 level down to 17000 level last week, we have seen good bounce back due to mag 7 earnings. We are currently approaching the previous support level of 17800-17850 levels, which I expect to turn into resistance now. Coincidentally Fib 61.8 level is exactly in the same zone at around 17825. Will be looking for a short opportunity in the area on a smaller timeframe for 1-3 or 1-4 R/R Factors to consider the trade: 1. Earlier demand zone, which may act as supply now. 2. Support turns to resistance 3. Fibonacci placement The key to this trade is patience until we hit that level 17825, either today or most probably Monday morning session, then short based on smaller timeframe and a good setup. Mag 7 can be unpredictable so a tight stoploss is critical using one of the below setups. I'd prefer a 1. bearish engulfing, 2. reverse hammer 3. ema break down
SKILLING:US100Short
by Rudved
FASP levels for Bank Nifty 24/04/2024The FASP for BankNifty is listed for 24-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:BANKNIFTY
by SathishChandrasekaran
FASP levels for Nifty 24/04/2024The FASP for Nifty is listed for 24-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran
Nifty Smallcap 250 Double Top or New Bull If this index is observed, price has taken support of 23.6% Fib level of pullbacks twice after significant rise since 2020. Currently price is near the 261.8% Fib Level (15259.65) drawn between Jan 17 '22 top to Jun 20 '22 bottom So far price couldn't break that resistance. Feb 5th and Apr 8 in weekly chart. Last 4 days in daily chart also isn't convincing. 15444 Pivot R1 needs to be broken. Nifty Smallcap 250 index showing bear sign
NSE:NIFTYSMLCAP250
by naraykln
1
BSE: Buy Asia's Oldest Exchange for Multibagger return !!!NSE:BSE is one of the oldest stock exchanges in the world is surely a value pick at current levels. Elliott wave is a simple yet powerful technique to form a good trading setup! It is important to understand this concept properly before trading or investing. If applied prudently with proper understanding it is very much possible to take investment or trading decisions right from the smallest time frame for Intraday trading to long-term charts for investment decisions. BSE is trading at the fresh record high. Stock is moving up by following classic Elliott wave theory. Currently Primary wave 5 is ongoing on the upside. As per guidelines wave 5 target is equal to wave 1. So, Investors can continue to Accumulate at current levels and on dips for a move towards 10/20k marks by 2026/2027 Also the intrinsic value of investments along with its future plans makes it an exciting stock. Considering the investments it has, the core business is available at a cheap price suggesting the current market cap is less than the investments/cash it has in the books.
NSE:BSELong
by Chinmayonniftyy
Shree Cement looking slight bearish on weekly charts.Shree cement has been in a bearish move and a retest to 38.2% fib levels is also there on the weekly charts. The stock is trading around 25500 levels and the price action formation is looking bearish. Bearish engulfing candle and rejection from 20 ema adds on to the confluence. Though the markets are trading at ATH and chances are there of a profit booking. If the stock start trading below the support zone around 24400 levels, a shorting opportunity may be captured in the stock. The stock is trading near a high volume area. It is showing some selling happening around 26000 level. Entry can be made once the price start trading below 25400 with proper SL. Another entry for new trades can be made below the support zone. Targets are marked and can be achieved in 1-2 weeks after the entry triggers. Wait for the price action near the levels before entering the trade.
NSE:SHREECEM
by TheMamboMomentum
Positional Trading Idea on Bajaj Finserv for Short TermNSE:BAJAJFINSV Bajaj Finserv is on the verge of Breakout of Symmetrical Triangle. The difference between recent high low is around 850 point (1925 - 1075 approx). Adding 850 to probable upside Breakout near 1700 comes to a target around 2550 level. Calculating Fibonacci Extension of 1.618 level considering recent High near 1925 and Low near 1025 come to level around 2450 level. So, Breakout target above 1700 is between 2450 - 2550 level with Trailing Stop Loss around 1550 level.
NSE:BAJAJFINSVLong
by RKMAURYA
Banknifty weekly expiry analysis for 16/04/24.The market has reacted to the war situation and has given a fall of around 800 points. Banknifty has taken support from the 20 ema on the daily charts and the support zone around 47740 level. Even on the hourly charts, the market is trading between both the moving averages and chances of taking support around 200 ema is there. Tomorrow is weekly expiry and there is chance of a trending expiry move in the market as last few expiry were side ways. Major support level :- 47750, 47400. The market is looking bearish and the closing is below 38.2% fib levels. 50% fib level can be tested and a support around the level can be seen. If there is a gap down opening, a recovery can be seen as many will be booking profits. Flat opening and a break down in the second half can keep the market trending. Wait for the price action near the levels before entering the market.
NSE:BANKNIFTY
by TheMamboMomentum
FASP levels for Nifty 12/04/2024The FASP for Nifty is listed for 12-04-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTY
by SathishChandrasekaran