dxy analysistargets green
entry point blue
sl red
..RRR 1:2 , 1:4
Considering the ABC correction wave in DXY, a potential short opportunity arises during the B-wave's rebound. This setup offers an attractive risk-reward ratio, targeting the expected C-wave decline. Caution: Monitor closely for any sudden changes.
Fibonacci
$NSE:VEDL Will try to Take support ShortlyDear Followers
I Hope this message finds you well. I wanted to provide you with an update on the stock NSE:VEDL you've been following. The stock has recently taken support at a key level Near 225-230 and if its break this support then another support will be near 205-210 Level. indicating a potential opportunity for a short-term trade. my analysis suggests that there might be a favorable entry point for a short- Term position.
Stock Name- NSE:VEDL
Support Level- 225
Entry Point- 220-225
Stop Loss Point- 195
Target Point- 270,290,320
Time Frame - 6-8 Months
I closely monitoring the stock's movement and will continue to provide you with timely updates as the situation evolves. If you have any questions or would like more detailed insights, please don't hesitate to reach out.
Thank you for entrusting us with your investments. We remain committed to helping you make informed decisions.
Best regards,
Ajay Metha
Levels to Watchout in NIFTYDear Followers,
As Per technical Analysis and Fibonacci Retracement analysis NSE:NIFTY NIFTY Spot is in consolidation phase and Currently its trading between 19300 to 19700 level now for upside it will face Strong resistance Near 19850-19950 level if its break then we can see 20300,20600,21000 level in coming time. but now due to global cause and Profit booking we can see downtrend in NIFTY.
if anytime nifty breaks 19300-19200 level then it will be a bears trap and nifty will test 18900,18700 and 18500 level.
Lets Hope and Enjoy Market moments.
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 Date 10 Aug 2023, and conditions may change. It's important to do your own research and consider your risk tolerance before making any trading decisions.
Best regards,
Ajay Metha
Swing Trade in $NSE:GRANULES Dear Followers
I hope this message finds you well. I wanted to share my swing trade view on NSE:GRANULES with you. I've analyzed the chart and identified some potential opportunities that I believe align with our swing trading strategy.
Stock: NSE:GRANULES
Holding Time Frame: 90-120 Days
Entry Point: 260-265
Stop Loss Point : 240
Target Point: 300,320,340
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 Date 11-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
YAYLA GIDA USD PAIRIt would definitely be the first stock I would look at in a possible retracement in BIST100.
The movement is accelerated by the upward break of the falling wedge. There is no resistance in the TRY pair because it is hovering around the ATH levels, but it seems more correct to look at the USD pair.
The lines marked with green on the chart are targets.
Targets were set based on falling wedge, resistance and Fibonacci levels.
Good luck everybody!
Without forgetting; Don't forget the stop-loss!