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
Fibonacci
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.
NSE:NCC Sell For 15 Jan 2019NSE:NCC sell initiate for 15 Jan 2019 using 45 minutes chart based on Fibonacci levels,
check below Sell level :
Sell Below : 87.35
Stop Loss : 88.2
Target : 86.2
NSE:SREINFRA Buy For 09 Jan 2019SREINFRA buy initiate for 09 Jan 2019 using 45 minutes chart based on Fibonacci levels,
check below Sell level :
Buy Above : 36.05
Stop Loss : 35.5
Target : 36.75
NSE:BANKBARODA Sell For 04 Jan 2019NSE:BANKBARODA sell initiate for 04 Jan 2019 using 45 minutes chart based on Fibonacci levels,
check below Sell level :
Sell Below : 117.8
Stop Loss : 120.75
Target : 114.8
DJI(DOW30) DOWNFALL L LIKELY TO CONTINUEDOW HAS BROKEN WEEKLY SUPPORT, FIBONACCI SUGGESTS THAT 22500 MAY PROVIDE SUPPORT FOR SOME TIME IF THAT LEVEL IS ALSO BROKEN THEN ON DOWNSIDE 21200 LIKELY TO BE TESTED.
Technical Analysis: For AnticipationThe very basic foundation of technical analysis is 'anticipation'. The anticipation could be based upon historical facts or data. On the basis of assumptions drawn from the historical data we can predict the future course of action, or at least try to do so. The anticipation, however, could go wrong if data is not backtested. The anticipations based upon properly backtested data can result in to high probability opportunities. I would let the discussion open for the readers and get on to the Nifty charts.
The current Situation:
In previous posts I mentioned that the 9950-10050 zone may act as a strong support. Nifty bounced right from 10004.55 and has been trending higher since then. Last week it had a dip below the 10440 swing, but buyer managed to hold the pullback and pushed Nifty back to 10800. We all know how impulsive this rally was. Due to this impulsive nature I expect continuation, perhaps up to 11090 -- the fib. level which also retests the blue trend line. We may face reaction from those levels.
If we manage to continue higher this week, most of the bears trapped below 10440 will get stopped out above 10840 or 10950, resulting into high level of volatility.
Head and Shoulders Scenario:
At present this scenario is purely hypothetical. It suggests that we are in a right shoulder phase. The HnS will get a tentative confirmation below 10333 bear trap low and will be confirmed (as most of you must be knowing) below the neckline. In that case, I would expect a deeper bear market and will re-analyse for bear targets.
This scenario will have fewer chances to fructify if we see closings above 11100. In that case, I would call it the possible end of bear phase.
I hope it makes sense to most of the readers.
Do hit like for better posts in future.
Regards
Bravetotrade
