Fibonacci
Nifty 50 (09/25/2020 to 10/02/2020)Nifty just took a support at 20% retracement at a long run. So, Looking at the volumes and sentiments it will still going down to the levels of 10500 and 10100 and then it can pull back.
Also in case if the cross resistance line is broken then we can see some sideways movement and then a breakout
Short SetupShort Idea from this current Prices :
Entries are :22.50 ~ 22.25 ~ 22 ~ 21.75
Stop loss : 22.75
Take Profit 1 : 20.50
Take Profit 2 : 20
Take Profit 3 : 19
Last Take Profit : 17.50
Short Setup Trend Line / Supply AreaShort Setup From Supply Are And Trend Line And we are at 68% FIB Zone
EURUSD LONG Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3.35
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial decisions.Informational onLY !!!!
IPCA Labs Technical Outlook: Aiming for New Heights?NSE:IPCALAB , trading close to its 52-week high, ended the last session at INR 935.65, marking a 1.27% uptick . The stock currently sports a P/E ratio of 4.73 and a basic EPS of 19.36 with an average volume of 713.623K.
The closing signal, as indicated by the Parabolic SAR, leans bullish. In light of the positive volume build-up observed over the past four sessions and the affirmative indicators, IPCA Labs shows promise in the upcoming week, given supportive market conditions.
Entry Logic 🎯:
If IPCA Labs opens above the critical Fibonacci level of 0.786 at INR 938.50 on the next trading day, it could pave the way toward an all-time high of around INR 955. The encouraging MACD crossover and the green histogram at 1.05 underscore this bullish sentiment.
Target Levels 🎯:
Target 1: INR 955
This target is derived from the potential continuation of the bullish trend, assuming no unfavorable market developments.
Exit Logic 🚪:
An exit strategy should be devised if adverse market conditions arise or if the stock shows reversal signs before hitting the target.
Stop Loss ⚠️:
A stop loss at INR 915.50 is advised to curtail potential downside, ensuring a controlled risk approach.
Technical Indicators 📊:
MACD: Bullish crossover coupled with a green histogram at 1.05.
Stochastic RSI: With K at 67.44 and D at 48.76, indicating an uptrend without being overbought.
%R: Indicates a favorable uptrend.
Fisher 9: Positive crossover observed, enhancing the bullish outlook.
Market Sentiment 🌐:
IPCA Labs exhibits a bullish setup, with the potential to achieve a new all-time high. However, this scenario heavily relies on the broader market's support, as the stock already trades at elevated levels. Any market correction can temporarily impede the upward trajectory.
Recommendation 📝:
An entry post a strong opening above INR 938.50, targeting INR 955, with a stop loss at INR 915.50, can be a plausible strategy for traders aiming to capitalize on IPCA Labs' momentum.
Disclosures and Disclaimers 📢:
This analysis is intended for informational purposes only and should not be construed as a solicitation or an offer to buy or sell any securities. Investors are advised to conduct their own research or consult a financial advisor before making any investment decisions. The report is based on historical data and prevailing market conditions; hence, the future may unfold differently.
VEDL - Weekly AnalysisIn the Weekly Chart of VEDL ,
we can see that; after applying Fibonacci, it has made a Bullish candle ate best reversal level i.e. 60 %.
Expected momentum is shown in chart.
It's just a techniquecal pull backI don't know🤷♀ why people are hurry to buy
There's no sign of fresh buying
Only shorts are covered with profit
Only risky trader's buy @ below yesterday low as a stoploss
But it's far away
Can we See Uptrend in $NSE:NYKAA ?Dear Followers,
I hope this message finds you well. I wanted to share my swing trade view on NSE:NYKAA with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:NYKAA
Holding Time Frame: 6-7 Months
Entry Point: 138-142
Stop Loss Point : 118
Target Point: 170,200,230
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 24-Sep-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
Aegis Logistic, Technical Levels and Trade ZoneHello Traders,
Chart Type - Heikin Ashi
Time Frame - Daily Swing Chart
The price has successfully tested its retracement level of 61.80% and the price holds these levels.
Swing High - 387.15 (August 2023)
Breakout Level - 347.95
First trade zone - 347.95 to 357.25
Second trade zone - 357.25 to 373.30
Breakdown Level - 338.65
Trade Zone - 338.65 to 308.60
Nifty this year target 20500I'm just wondering Nifty might test 20500 this year if16700 is not broken, lets see if this works or not, fyi: this is just for educational purpose
go shortSBIN - short trade for target 590-587.7
reason - as per fibo 50% level 587.9, also my ichimoku study shows the same level as my tgt level
u can opt for low risk far OTM 550 pe oct series @ 2.1 - target open , stop wud be 1
disclaimer - trade @ own risk
Repco home fin looks good to BuyRepco home fin had broken the triangle pattern with huge volumes. Good time to buy with those
Nifty Oil & Gas Index breakdown the Fib convergence levelChart type: Heikin Ashi
Time frame: Daily
Fibonacci Retracement Drawn Data
First Swing 18.51%
Second Swing 11%
Convergence levels:
Mark 7900 (convergence - 23.60% of first swing // 38.20% of second swing)
Mark 7713 (convergence - 38.20% of first swing // 61.80% of second swing)
Analysis Notes:
From the last 3 trading sessions the price is trading below the convergence level of 7900. Consider this as a breakdown of the level. Also the moving averages are forming a bearish crossover.
The next important level to consider is 7713 which is also a convergence level.
Thanks
Er. Simranjit Singh Virdi
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
PNB next Potential Target according to Fibonaaci Chart Type : Candlestick
Time frame : Daily
Tool Used: Fibonacci Extension
Please note that this analysis is based on the geometry of the chart, it is not a data based analysis.
From March 2023 the price has moved 85%. But for analysis we consider a strong swing of 65% which is from July2023 to today's candle and the Fibonacci extension is not drawn on the log scale.
According to this setup the next potential target is at 89.85 which is a 23.60% level of Fib extension.
Thanks
Er. Simranjit Singh Virdi
Nasdaq is in icu😱😳😱😳😱😳If this week not sustainability in this index
Nasdaq lose 1000 point from here also
Very disappointed for bulls
Nifty Futures : Overall market positioning and important levels.Chart type : Heikin Ashi
Time frame: Daily
Tools Used:
Fibonacci for levels.
Heikin Ashi candles for momentum.
Moving averages for the behavior of the price.
Analysis:
We have a series of continuous red HA candles which indicates the weakness in momentum. Also the price is trading below the first band of moving averages. The next important level to watch is 23.60% retracement level which is 19412
Thanks
S. Simranjit Singh Virdi
(Independent Trader)
Dabur indicates the start of a uptrendChart type - Heikin Ashi
Time frame - Weekly
Indicators Used:
1. Moving Averages
2. Fibonacci Retracement: Marked by Swing Low of 503 and Swing High of 597
Analysis Notes:
1. The price has successfully tested the retracement level of 50% which is at 548. Now the price has given the breakout of its retracement level of 38.20%.
2. The moving averages didn't breakdown the retracement level of 38.20%.
3. A green HA candle momentum candle also gives a closing above the moving averages.
Resistance - 573.70 (23.60% retracement level)
Price Prediction: If the price holds the levels of 575 then it will test the levels of 600
Note: Daily chart works best for entry and exit in positional trades.
Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. The material here is purely for educational purposes.
Thanks
Sardar Simranjit Singh Virdi
AshokLey, Levels and Trade Zone Chart Type - Heikin Ashi
Time Frame - Daily
Indicator:-
1. Moving Averages (For entry and exit)
2. Fibonacci Retracement (For support and resistance)
The price has successfully tested its Fib retracement level of 23.60% which is 179.15, the level acts as a strong support. Also the moving averages came close to each other showing the consolidation in the price at these levels.
Trade Zone:
Resistance1 - 186
Resistance2 - 191.50
Trade Plan:
I will wait for the levels of 186 to be broken and for a bullish crossover of moving averages.
Also keep in mind that on the weekly chart it has a retracement level of 23.60% at 175 level. So, the price can be volatile in the range of 175 to 186. You can check the weekly chart in the update section.
Disclaimer: This is my pre market analysis and my trading/analysis journal. Not a suggestion to buy or sell. The material here is only for educational purposes.
Thanks
Sardar Simranjit Singh Virdi
Likhitha InfrastructureLook at the selling pressure of Likhitha at 316 which is 161.8 Fib level. Inverted H&S pattern broke along with long term trendline but price pumped up next week after pattern broke. Once weekly close is above 316 with good volume, then we can expect Likhitha to move further.
Can $MCX:SILVERM2! Test 72000 Level before End of this Year ?Dear Followers
I have identified a potentially lucrative opportunity in the MCX:SILVERM2! silver market. My analysis suggests that silver prices could experience a significant downturn in the coming weeks. This could offer an excellent short selling opportunity for those looking to capitalize on potential price declines.
📊 Key Factors:
Recent Overbought Conditions: Silver has seen a notable surge in recent weeks, leading to overbought conditions. Historical patterns indicate that such spikes are often followed by corrective pullbacks.
Technical Signals: technical analysis indicates the possibility of a trend reversal Near 77900-78100 Level , with key resistance levels showing signs of holding.
Strategy:
Sell MCX:SILVERM2! Near 78000 Level Stop Loss 79200, Target 75000, 73000, 72000
Time Frame 30-45 Days
Investment required= 48000
Maximum Loss = 6000
Profit Upto = 30000
Best Regards,
Ajay Metha
