Silver1!Understand the chart:
Candlesticks: Imagine each candlestick as a day. Green means the price went up that day, and red means it went down.
Lines with percentages: These are like checkpoints to see how much the price has moved up or down.
Green and Red boxes: The green box shows where traders hope to make money if the price goes up, and the red box shows where they might lose money if it goes down.
Think of it like a weather forecast but for stocks! Traders use this to decide the best times to buy or sell.
Hope this helps! 🌞📉📈
Fibonacci
Bajaj Healthcare - Occasional buying volumes looking good!Bajaj Healthcare - Good daily volumes occasionally!
Still in uptrend after breakout and retest, good places to buy marked in the chart!
0.618 and FVG forced closely, between 560 range looking good!
After testing certain range might swing may continue until 780 in short to medium term!
#Budget 2025
#Watch out for upcoming news
#Watch out for upcoming earnings before entering
Tata Motors: Oversold and Near Support for Potential ReversalTopic Statement: Tata Motors has experienced a significant correction in recent months, approaching a crucial support level that could signal a potential turnaround.
Key Points:
1. The stock has corrected to the 61.8% retracement level, suggesting strong support at the current price level.
2. The price is near the 180-day moving average, indicating oversold conditions.
3. Weekly MFI is at 30, further confirming the stock is oversold.
4. The company reported a profit decline of -22% QoQ for the third quarter, which may cause the price to fall further, even below the 61.8% level.
Elliot Wave study EMAMI LTDEmami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 27,316.17 Crore) operating in FMCG sector.
Emami Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2024.
For the quarter ended 31-12-2024, the company has reported a Consolidated Total Income of Rs 1,064.41 Crore, up 16.69 % from last quarter Total Income of Rs 912.15 Crore and up 5.07 % from last year same quarter Total Income of Rs 1,013.03 Crore. Company has reported net profit after tax of Rs 283.48 Crore in latest quarter.
Buying opportunity in PRESTIGE ESTATE LTDPRESTIGE ESTATE LTD is in Double Correction.
The maximum target for wave (Y) of double correction is 161.8% extension.
We can see that price is near 161.8% so here we can buy this stock with stoploss below 1185.
The target will be minimum 38.2% retracement of entire move i.e. 1528
This analysis is based on Elliott Wave theory and Fibonacci.
This analysis is for educational purpose only.
Tata Motors - Yet to test the previous higher high swing!Better to wait for Tata motors to fall more and start accumulating from around 610 levels as it is close to the High high formation of previous swing from 2015, if it breaks don't panic buy more once it hits the purple trend line and finally at 550 levels!
Around 550 range it has an extreme strong support!
PS: Bad result came out today as well!
SBI LIFE INSURANCE: Potential for Good Returns in coming DaysTrade Details:
Buy Above 1445
Tp1 - 1565
Tp2 - 1670
Tp3 - 1800
Tp4 - 1920
SL - Below 1400 (Only to get started)
Rationale :
Multi Timeframe Analysis Shows:
1. Support taken at 1393, a Strong Demand Zone backed by 3 Monthly Candle
2. Support taken at 1438, Fresh Formed Demand Zone backed by 0.78 Fib Retracement of the Recent rally and Weekly Support
3. Multiple Points where SBI LI has taken support at 22 Monthly EMA in past marked by Circles.
Consolidation Zone - Trending move expected outside this Zone
Breakout Potential After Trendline BreakA possible breakout is expected once the price breaks through a key trendline. This strategy focuses on identifying significant trendlines formed by price highs or lows. When the price breaches this trendline, it could signal a change in market direction, indicating a potential breakout. Traders should monitor volume and other indicators to confirm the breakout's strength before taking action.
This is a daily chart of IRFC (NSE).Key Points:
Downtrend: The stock is moving down but is near strong support (green lines).
Breakout Possible: If it moves above ₹144.70, it may go up to ₹149.04 and then ₹166.90.
Resistance: The red trendline is acting as a hurdle. A breakout above it can push the price higher.
Risk Level: If it falls below ₹127.65, the downtrend may continue.
Potential Upside:
First target: ₹144.70 (+6.78%)
Second target: ₹166.90 (+10.81%)
Conclusion:
Above ₹144.70 → Bullish move possible 🚀
Below ₹127.65 → Downtrend risk ⚠️
PVRINOXKey Observations:
Downtrend: The stock has been falling for a long time.
Support Level (Green Lines): The stock has reached a strong support zone around ₹988 - ₹1,043, where buyers are stepping in.
Bounce Back: The stock has given a small green candle, indicating some buying interest.
Target Level (Blue Line - ₹1,204.20): If the stock continues to rise, it may move up by 13.66% to ₹1,204.20 (previous support, now resistance).
Volume: Volume is slightly increasing, which supports a potential reversal.
Conclusion:
If the stock holds above ₹1,043, it may go toward ₹1,204.
If it breaks below ₹988, the downtrend may continue.
Nifty ready for bounce. Buy SpottedOn Higher time frame, Nifty has taken support at 0.61 Fib (23k) Retracement of the Election Rally from 22k to 26k.
If Nifty Holds this level, it could trigger a Short Covering taking Nifty to Major Resistance Levels at
23500
23800
24000
24200
24800
25000
Rejection from Any of These levels may resume the correction. If Sustains Above 25000, (Since it's a Monthly Candle Resistance) Then Next Rally may Begin..
This may be supported by inline earnings reports or better than expected earnings and Budget!
POONAWALLAA!Fibonacci levels, which help guess where the price might stop or change direction.
Here's the easy part:
Fibonacci Levels: Think of these as road signs on the chart. They show where the price might find support (like a safety net) or resistance (like a ceiling).
Blue Arrow: This arrow suggests that the price might go up.
Price Increase Note: The chart says that the price could increase.
feel free to ask! 😊
Gold long term opportunity - 15% from current priceGold has been travelling in an ascending channel since July 2024, when China started buying in large amounts.
It has formed a textbook cup-and-handle pattern by taking support from its previous resistance of 73800, by forming the cup's bottom. Cup and handle range of approx 7.2% might take it to the channel's top, which co-incides with Fib 1.6 level of 84000.
When it breaks the channel, the channel's range of 8.5% might take it above Fib 2.6 level of 90000.
So far buying opportunities might present itself at following intervals:
78900, when it takes support from the cup and handle resistance
79800, when it takes rejection from Fib 1 level
Again at around 80000 when it breaks above the Fib 1 level and takes support from it.






















