NSE:KOTAKBANK is trying to breach 0.5 Fibonacci levels, and if succeeds to close above that level we can see short term upside in the stock. Target 1 = INR 1778.40 Target 2 = INR 1803.60 Stop Loss = INR1717 The analysis is based on the Fibonacci numbers, MACD and other technical indicators involved. Disclaimer : The following information is for...
Go Long above 1203.35 for Targets of 1286.7, 1370.05, and 1453.4 with SL 1120 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer (marked...
Go Long above 27.95 for Targets of 31.1, 34.25, and 37.4 with SL 24.8 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with...
FX:USDCAD Good to long . Long-term trade.Hold till TP for more gains 🚀
U.S Dollar currency Index:-It form H&S pattern on monthly chart. It may start to correction from here. US 10 yrs Govt Bond Yield:-It is near major resistance 4.13%.It may start to correction from here. Nifty has inverse relations with above both, so it may start to bounce from major support level. Nifty major Support level 17122-17099
H & S Correction is almost over (It is not necessary that after H & S correction, it may move up) After the present market corrections, one may consider for entry Also note that it is already retraced 61.8 % from the top and is started to move up ( A normal concept only) Present RSI is 45.3 Two expected targets for short / long term is given. Disclaimer: It...
FX:GBPUSD Good to short . Long term trade.holrmtill tp for more gains 🚀
Short trade se on daily TF, Idea & level mention on chart. Study / Analysis based on ElliotWave.
NIFTY on EOD basis has given a good closing above its previous day high. This is always considered to be a very good bullish pattern. The upcoming resistance will be at the zone of 17774 -17824 (50 Points) . The Fibo retracement of 0.33 lies in this zone too. A breakout above it will lead the Nifty towards 18071. CHART & ANALYSIS ADARSH DEY
Daily Learning Day-33 Fib Retracement - In a trending market, when the price starts to retrace or pull back, 0.618 Fib retracement level acts as a resistance level. And if it aligns with other resistance levels, it can act as a stronger resistance, making it more difficult for the price to break through that level.
NSE:BSOFT with stronger trend reversal. if it gains +ve on the next opening day. Target 1 = INR 97.50 Target 2 = INR 101.55 Stop Loss = INR 93.65 The analysis is based on the Fibonacci numbers, MACD and other technical indicators involved. Disclaimer : The following information is for educational and informational purposes only and should not be...
NSE:BEL is expected to break the range as it is heading towards 50 Day MA upwards. Target 1 = INR 97.50 Target 2 = INR 101.55 Stop Loss = INR 93.65 The analysis is based on the Fibonacci numbers, MACD and other technical indicators involved. Disclaimer : The following information is for educational and informational purposes only and should not be...
CDSL Price nearing to accumulation zone, start accumulating from here....for long and short term..........
Nifty Fibonacci 61.8% golden ratio reached but this time we will get better setup then only swing in Nifty.
A tweezer bottom pattern is formed on the weekly charts of banknifty. The index has closed above the 20 ema and looks stronger than the other index. The market has given a nice weekly and daily closing around 41250 levels. The market has closed near 38.2% fibonacci levels. Banknifty has given a break out and a retest of the resistance zone and closed above both...
The monthly candle for the month of February has given a close around 17300 levels. Though, the current weekly candle is showing some positivity there are chances of a retest of 50% fib levels. Nifty is trading below the 20 ema on the weekly time frame. On the daily time frame, the market has closed near 38.2% fibonnaci levels and nifty has taken resistance from...
RHI Magnesita is in uptrend forming Higher High and Higher Low in longer time frame. Price has revered from important and Golden Ratio of Fibonacci - 50 and 61.8. In shorter time frame it formed Inverted Head and shoulder chart pattern which indicate that price will continue their uptrend in shorter to mid term trend. If price pierce the neckline above 645 then...
TECHM now Trading above 21 & 55 emas, successfully crossed 200 ema and retested now in dcb chart. As per drawn Fibonacci Extension, short term Target would be 1195-1205 and mid term target would be 1340-1370. Those mentioned zones are vital resistance zones also. Disclaimer - this chart analysis is only for educational purpose. Do proper study before taking...