All mentioned & plotted on Chart. ..................... Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
This is my fist attempt @ analysis, so be cautious - The NIFTY has done kind of double top & RSI showing divergence - The support of 9685 is held & a 61.8 retracement of 10,185 to 9,685 is almost done - A short with first target of 9644 & 2nd target of 9310, which are 23.6 & 38.2 retracement respectively of 7,896 to 10,185 on the longer time frame is possible -...
INDIGO has took a good support at 618 FIB of the leg up. ALso moving towards making a Head & SHOudlers. Currentlly testing the LEFT SHOULDER LEVEL. Either it will reverse and complete the right shoudler or breakout and retest next FIB level.
Stock Bounced from Triple Bottom. Took Support & ready for next up move. During Last 2 Days closed above 50% Fibo. (From where stock started up move). Near 100 EMA. Immediate Targets Mentioned in Chart. Above 835 Fast Move Towards 851/861/871. Details Mentioned in Chart.
Bank Nifty Monthly completing AB = CD. Staying neutral as of now. Will watch price action. 161.8% Extension is near 27000. 200% Extension is above 31,000+. Any fall after or Near "D" zone may be fatal. First target 21000 in that case. Not to trade. Just to learn.
NIFTY Weekly chart. "D" zone touched. Price struggling at 10160/10180 i.e 161.8% of fibo Extension. Once that level taken out by good bullish candle, Next resistance near 11000 (200% of Fibo extension). Price action here is the key.
Weekly chart. ABCD in process. retrace (B to C wave) shot lil below 38.2% (Fibo Drawn from right to left). So not a perfect ABCD. Once the resistance breaks (721) one can buy for 910+ as target. Second target 970+. Stop (Exit) level below "C" wave = 600 on weekly candle closing basis. Time frame 4 to 5 months.
Chart is self explanatory. Details Mentioned in Chart. Support Zone 701-691 on closing basis. Targets Mentioned in Chart. Risk Reward is favourable. Will review near targets/support zone.
Any bounce towards 24400 could be used to short bank nifty for Level of 23400 (23% retracement of entire rally from December lows)
As per Fibonacci, Nifty lying on 61.8% important turning point and having Doji pattern. Which way the Nifty will travel ? Either Doji will indicate the direction nor Fibo will get retracement ? Level for Long - If Nifty on long side, it will travel upto 10080. Level for Short - If Nifty on Short side, it will fall upto 9880.
*Only for study purpose. Consult financial advisor before taking trading decisions* After falling from high of 831.5 to low of 750.75, There was a retracement to .618(800) level before falling below 750.75, After the fall, we can now see a consolidation at .618(700) If the price falls below 700 by closing basis, it may go down to 687, Or else it may bounce...
USD INR Spot 65.45, expected to go longer, but it's not right time to buy if market not break 65.27, and then 65.04, and stay long up to 65.74, expected to test 66.60 in coming Days, 65.04 is strong support and 50% Fibo Level, also potentially forming bullish flag. Call Buy @ 65.74, And 65.02 call Sell @ 65.45 to 65.27 for 12 Paisa
Icici bank is approaching near weekly support. It has retraced 0.618 of previous up swing at around 269. It has not made a new weekly low after that , however it has not crossed previous week's high. One can create a positional trade entry with the stop loss of 265 where channel support is placed. Safe traders can enter once it crosses above 282.
Nifty taken trend line support. Taken support @ 50% Fibo. Formed double bottom & bounced. Details mentioned in chart. (Spot Levels). Risk reward favourable. Positional View for October Series. I am not a SEBI Registered Financial Advisor.
Idea has made 3rd Bottom recently and ended with DOJI 1 can go long for target of 38.2% retracement
.....All mentioned & plotted on Chart. FnO / intraday / Swing levels Updated Later Don't forget to Click / Tap LIKE button, as Like is Barometer of Usefulness. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Above 253, Tgt. 261/265/269, Support @ 243. Below 237, Tgt. 225/221/217. Details Explained in Chart. I am not a SEBI Registered Financial Advisor.
............All Spot & Future Levels are mentioned on Chart. POWERGRID': The state-owned company that could possibly benefit is Power Grid which will help in providing transmission lines to connect the villages. Power Grid, which spent Rs' 28,200 crore in FY17, makes regulated return on the equity investment in these projects. Separate chart having Intraday...