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Fibonacci

USDCADUSD/CAD 1-Hour Analysis: Bullish Reversal Setup Chart Overview: This USD/CAD 1-hour chart analysis highlights a potential bullish reversal setup. The chart outlines key support and resistance levels, along with potential price action paths. Key Points: Trend Analysis: The chart shows a series of lower highs (LH) and lower lows (LL), indicating a prior downtrend. However, the recent price action suggests a potential shift in momentum. Support and Resistance Levels: Support: A significant support zone is highlighted around the 1.36700 level, shown with a grey shaded box. This area has previously acted as resistance and is now expected to provide support. Resistance: The resistance level to watch is around 1.37700, as indicated by the projected price path. Bullish Reversal Signal: The recent price action indicates a potential bullish reversal, with the price breaking above the previous lower high (LH). This suggests that the bearish momentum may be weakening. Potential Price Path: The analysis suggests a potential pullback towards the support zone around 1.36700, followed by a bullish continuation towards the resistance level around 1.37700. The projected price path is indicated by the upward arrow, showing the expected move after a pullback. Market Sentiment: The overall sentiment is cautiously bullish given the potential reversal signal and the support zone holding. Traders should watch for confirmation of the reversal with higher lows (HL) and higher highs (HH). Trading Plan: Look for buying opportunities on pullbacks towards the support zone around 1.36700. Consider placing stop-losses just below the support level to manage risk. Target the resistance level around 1.37700 for potential take-profits. This analysis suggests a potential bullish reversal for USD/CAD, with a buying opportunity on pullbacks towards the support zone. Traders should ensure proper risk management and stay updated with any external economic factors that may influence the price movement.
Long
by harshkjogadia
"Bank Nifty has broken all hurdles. Real breakout or fake?" Bank Nifty Monthly Chart Wave Analysis: June Candle: 2 more days left for the candle to close. Current Market Price: ₹51,575 We drew all possible resistance trendlines and channels, and Bank Nifty has clearly broken out above everything(just 3 days left for June candle to close), with the wave extending. Elliot Wave Analysis : Initially, we counted the October 2021 high as wave 3 in our past charts. However, the current momentum and breakouts suggest it could be wave 1, and we are possibly in wave 3 not wave 5th. REAL Breakout : BN will retrace slightly and then move up again with strong candles in the coming months and it shouldn't enter the big purple color channel and close below 50,100(July Candle closing). Buy on Dip: A good dip near 50,600-800 is a place to go long with a small stop loss below a 49900 day candle close. If entering at the current market price, the SL is the same. Possible Upside Targets : 53,700, 57,000 FAKE Breakout : The July candle will break the purple color fib channel, retest, and come down with huge red candles. The candle shouldn't close above the purple channel again. Sell on Rise: Sell only if the price breaks below the channel, around 49,900. In this case, short with a small SL. Possible Targets : 44,444, 40,000 Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
NSE:BANKNIFTY
by WaveMoku
CholaFin Wave Analysis - Wave 3 is Running! Use Ichimoku to RideCHOLAMANDALAM (CholaFin) Chart Analysis As per Elliott Wave analysis, CholaFin is still bullish. The price reversed after a strong bullish divergence in the MACD and has completed the subwaves of Wave 2 of Wave 3. Currently, it is moving up in Wave 3 of Wave 3. Use Ichimoku for entry & exits (Daily time frame): Entry Point: Look for a good dip to enter and avg(for long-term) when the price is near the Ichimoku Cloud's support. Enter when the Price breaks TS/KS with momentum candle. Exit Point: Consider exiting the position when the price starts to show weakness near TS and KS in daily chart. Another exit signal could be when the candle close below the cloud. By using the Ichimoku indicator in conjunction with Elliott Wave analysis, you can identify more precise entry and exit points to maximize your trading strategy. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions
NSE:CHOLAFINLong
by WaveMoku
Investers happy to see my result on HAPPIEST MIND TECHNOLOGY Happy time came for long term holders of happiest minds technology those who show patience in that share time to take reward now Technical points :- 1. STRONG double down rising channel ( sign of reversal ) 2. FLAG pattern breakout after the double channel 3. H4 on stipple top breakout 4. Near supply zone 5 Trend line visible on H4 time frame as my previous research of double channel breakout TARGET FIRST TRG - 1200 SECOND TRG - 1400 THIRD TRG - 1800 FINAL TRG - 3200 & 4000 and that target is REAL i am expecting that share reached 4000 in next year
NSE:HAPPSTMNDS
by Share-Mechanic
6
Long Position in Ramco CementLooking at the chart in the higher time frames you can see a clear tap in to the M timeframe OB. A strong displacement to the upside creating a OB in the W timeframe - unmitigated. Gap at the top acting as a magnet for price to move into. Very clean CoCH and BOS giving confirmation of the move up into higher levels. A great entry be entry in the GOLDEN level of price retracement - 60% fibs Levels are in confluence with the W +OB. Expect price to tap into the W +OB and move higher to the magnets (GAP liquidity, trendline short liquidity)
NSE:RAMCOCEMLong
by Vishal_kudva