OFSS is moving towards a target of 9300+. Other factors: 1. Using fibonacci retracement the targets are coming at 9300+ 2. MACD is positive 3. RSI is positive 4. Price has touched upper side of Bollinger Bands and we can expect the price to be bullish "Clear Charts, Easy Charts" Learning & Earning!! Cheers!!!
As we can see that USDCAD has broken Strong AOI and has also formed double top kind of structure at the top and has came up to retest the AOI which aligns with 1hr 50EMA with the confluence of 38.2% fib level. So you can plan short trade if agree with the analysis.
Bharat Bijlee form Cup and Handle Pattern neck lice break out done at 4141 and again break out from continuation pattern 6161. As per chart and cup and handle pattern target would be 7777 soon.
NSE:RELIANCE Fibonacci extension resistance at 1.618 level around 3035 level. If RIL closes above 3035 level on weekly basis then next target level at 2.618 Fibonacci extension level around 3686 level.
at trendline resistance, will have a pull back and retest FIB levels. RSI is near 80.
💎Paradisers, #TRUUSDT is currently demonstrating a bullish market structure, characterized by two significant bullish FVG (Fair Value Gap) patterns. Presently, the price trajectory is sharply upward, prompting anticipation of an impending retracement. 💎 As #TRU approaches a minor support level, traders should exercise caution, as this level may serve as a...
Considering the convergence level & wave count, have drawn few important support & resistance levels. At current price structure, the prices could extend upto 84700 -84800 levels, this level has more convergence or going to be the area of confluence. & price movement also stiff & it has expended more than 1.5X of 200 EMA. T1: 79450 T2: 84800 T3: 90800
Maruti Form Inverse H&S pattern. Clear break out with volume. Target for this pattern would be 16116.
Logic:Breakout retest done and fresh flag breakout of consolidation Targets are based on Fibonacci retracements. Company has strong fundamentals. Good stock to invest on dips as well. Idea is shared as a swing trade for educational purposes. It will help you understand power of flag breakout and continuation patterns.
Engineers India in a weekly timeframe chart is taking trendline support as well as fib support on the 0.61 level. Apart from this, it had formed a hammer candlestick pattern in these support areas which further adds the confirmation of the support and trend change.
Angel One had given a good rally after its IPO and after reaching a certain level, profit booking can be seen in it but if you look at it in a weekly timeframe and draw Fibonacci then you can see that it is taking support at 0.61 and also form a hammer candlestick pattern.
On Week Chart I found the same condition in the past when BTC's downed - RSI Overbought - ADX move up to 84, I marked the yellow line at 84 you can see on the chart - BTC Dom has rejected at 55% So I think BTC will pullback soon and $50K can be a support Time will tell
On monthly basis, price has made a significant correction and is currently at the Fibonacci level of 0.618, which is the "Golden Ratio" for a price. The whole area from 2000 to 2150 is a huge demand zone for the buyers to accumulate in bits. The price will confirm it's change of structure above 2800 on a higher timeframe.
Nifty me Downtrend As you can see in chart nifty took exact resistance from FIBB Golden Zone and is now following downtrend. reason and targets as follows, Reason - - Major Trendline Breadown - Perfect FIBB retest from Golden Zone Target - Follow FIBB Levels from Chart
Nifty was tested 22022 as per our previous prediction. It was filled the gap successfully. It is also showing strength as per our prediction from reversal level 22000. Positive Divergence seen on chart. It can long for target 22430 and also 22720 on extreme case.
Bank nifty forms H&S pattern. As per chart 47370-47730 is major resistance range. If bank nifty come in this range it can short for 46730 intermediate target. It may also test 46100 to complete this chart pattern and fill previous gap show in chart.
Auto Ancillaries sector looking good in weekly timeframe. Smallcap : BANCOINDIA, FIEMIND, SHARDAMOTR, RBL, LUMAXTECH, JAMNAAUTO Midcap : SHRIPISTON, SANSERA, ARE&M, ROLEXRINGS, SUPRAJIT Largecap : SONACOMS, UNOMINDA, TIINDIA Jamna auto made a stellar breakout with volume on Feb 26. It's evident on Mar 11, despite selling, buyers pushed the stock leaving...
Chemical sector technicals has good setup in daily chart and improving in weekly chart.