Fibonacci
Banknifty retraced by fibonacci to its 0.618 level and closeBank nifty retraced by Fibonacci to its 0.618 level. the high is touch on retracement level. May be bank nifty continue its trend. same achive its target on Head and shoulder pattern. on down side.
Indigo @ Major Resistance LevelIndigo @ Major Resistance Level
Fresh Long Position Zone: Sustain above 1530-1540
For the target of the next resistance zone: 1570-1580
Major Resistance Zone: 1530-1540
Major Resistance Zone: 1570-1580
tgram at jtradingview
Breakount on weekly chart in Bajaj AutoThere is breakout on weekly chart of Bajaj Auto.
Also it just cross 50 & 200 EMA at the same time, both of them are strong support.
Support & Resistance marked on the chart
How will you decide next move for NIFTY?
HighLight tail with Yellow color at value low.
-> Tail detect each time when price taken U-turn.
Wave counting 5 are completed.
Gravitating price is at 11340 as a target.
(suppose to close above 11357, then the next target will be 11468 (more than 90% probabilities).
We may face Resistance at control price 11340 nearby, for target 11189.
95% chance to win if create a TAIL at value for U-Turn . Bullish Candle: candle closed of previous 3 candles.
To see the following Researches, I suggest you take some time important for you.
1) Fib. Retracement is completely bullish from 11211.
2) History is important to predict the future move.
NSE:ULTRACEMCOL Sell For 23 April 2019NSE:ULTRACEMCO sell initiate for 23 April 2019 using 60 minutes chart based on Fibonacci levels,
check below Sell level :
Sell Below : 4184.9
Stop Loss : 4204.5
Target : 4160.95
Fab Fib. Sell MARUTI APRIL 7500 CE AND 6700 PESell 7500 CE @ 58
Sell 6800 PE @ 40
Margin required = Approx. 90k
ICICIPRULI at a crucial resistance levelNSE:ICICIPRULI is approaching a very crucial long term trendline resistance. There is a prior gapdown, Monthly Pivot R1 and Fib 0.618 acting as confluence of resistances. Highest Call OI is at 340 strike price. For more updates join our telegram channel t.me
APOLLO TYRES || ON A TRICKY TERRAINApollo Tyres on a weekly chart has taken support at levels of 192-193 and has bounce back giving a divergence on the RSI from a oversold region. The MACD also is showing convergence. A major part of the move has already taken place from 193 to 220.
What needs to be seen is as to how far would this upward move go with Fibonacci retracements placed at 224.5, 235 (for move from 244.85 to 193). Interestingly 235 was the level from which it gave way and move towards 193 and so it needs to be seen as to how does it behave at those levels.
Would be taking a back seat and seeing as to how far would it go before turning around. I would appreciate if someone can put a number to the move and back it up with their explanation on the same.
Titan forming a symmetric triangle with multiple resistancesSymmetric Triangle in formation in Titan with Central Pivot, Bollinger Upper Channel, Fib 0.5 acting as resistance. Prior trend is slightly bearish.
Raymond Approaching Strong Resistance ZoneNSE:RAYMOND is facing resistance near long term trend line and supply area is in between 790 - 830. 825 is the monthly pivot R1 with 790 as fib 0.618 resistance.
Jublfood Sitting right at a very strong supportJublfood is sitting right at confluence of trendline supports and Fibonacci 0.618 support.
Triangle on NiftyTriangle with flat top at 6340-6360 was observed on Nifty during 2008-2013. That almost coincides with UPA II. A break out happened in March 2014 to achieve exact 61.8% level at 9120. I'm excited because this is the first triangle I am trying to interpret, and it gave very encouraging results.
What makes this interesting are the break-out attempts as soon as Narendra Modi was announced as BJP prime ministerial candidate, and real break out during the election season - opinion polls and campaigning. We all know that the results were not a big surprise, just the non-dependence on allies of NDA II was the surprise. Who would have thought, behind such a political upheaval, there would be a simple chartist explanation !!
This idea is the first in series of three historical patterns observed on Nifty. Please feel free to share our comments / opinions.
