Few pointers from my analysis on CAPLIN POINT LABORATORIES: 1. The stock has consolidated in the Triangular pattern and currently near its major support. 2. The major support trendline is near 0.382 Fibonacci level, thus has done healthy retracemet. 3. The Horizontal support is broken on the downside, however on lower volumes. Conclusion: The current setup is...
Maruti time to go long for 9100 levels. According to fibo if 8900 is crossed with good volume then it will touch 61.8% on chart which is 9100 in cash.
I daily make educational content videos for financial markets
COFORGE forming rounding bottom at lower end of IT sector and stock about to reverse from 0.5 to 0.68 FIB retracement, This can touch more than 4280 when break neck line of rounding bottom pattern. This also form double bottom at lower end which confirm uptrend.
DISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex...
Possibility of breaking this low of 17785 and (b)reaching 17500 is more likely to clear out weak hands before Budget and expecting a sharp Short covering on Budget day But before that the downside is unpredictable. The yearly pivot is around 17000 which is also possible for next bull run till 19900 to 20000
As per the this month support nifty will take support near 18060 if that break 17540 will be the next support, if 18060 breaks, looks like more downside move possible, lets see
Divis lab is bullish in daily as well as 15 mins time frame. Trendline breakout at 15 mins and daily timeframe. Also in 15 min, the price is near 50% Fib Retracement. Buy when the price sustains above 3410
Potential PRZ of 2200 based on latest retracement and Fib extensions. Also, the Potential Bullish bat pattern shows PRZ in the vicinity of 2200.
The market after a consolidation zone has given a break down and has closed below 20 ema on the weekly time frame. The market consolidated for 4 weeks and has now shown some negativity. Nifty has taken support from 200 ema on the dialy time frame and closed near 17600 levels. Market can take a halt for 1-2 days and continue the fall possibly testing the 17k...
Nifty 50 Weekly Chart. Fibonacci Retracement Levels mentioned.
Wipro seems like taking support at 0.618 level from oct 2022 till Jan 23 Also strong support range 398-381
NSE:FINPIPE #rounding Bottom #fib retracement #volume analysis
Bank Nifty Weekly Fibo Retracement levels. Sell on Rise applicable.
Channel bottom and fib support. Next level 40000. #niftybank
Maruti Given a Good Breakout in Last Session. Gann Fann and Fibonacci levels are drawn on the Chart. Also Mind the rectangle given expected a halt zone or can say accumulation/distribution zone for next move in Maruti. Price is already above Fibo 50% Important level so we are bullish on it. Will Enter any trade on breaking my levels on either side. EDUCATIONAL :)
Adani Ports has closed at a crucial level and the support zone around 775. On the weekly charts, the stock has closed below 20 ema and near 61.8% Fibonnaci level. There is a bearish moving average cross over on the daily time frame and has formed a gravestone doji. 3 points confirmation. a. Bearish cross over (daily charts). b. Close below 61.8% fib level. c....
Go Long above 469.7 for Targets of 496.2, 522.7, 549.2, 575.7, and 602.2 with SL 443.2 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 Hammer...