The weekly chart of Nifty IT shows that it has come near the 50% retracement level. At the same time it shows a positive RSI divergence. This gives rise to chances of a short term upside. Though confirmation is required as per price action.
As you can see Divis Lab is on the way to downside, in minor Wave E forming a Triangle pattern. As per EWT minutte wave (c) can travel till fibo ratio 1 or 1.2 which are also my target. But a trader must be cautious if it breaks the invalid level of 3710, if this level breaks above all study/ Analysis will be invalid.
NSE:GRANULES Stock -> Granules TimeFrame -> Weekly Hello all! Granules has been forming a flag and pole pattern. It finally broke out of the flag in the last week of September with heavy volumes and I believe this generates a good opportunity to go long! There are multiple other factors that strengthen my conviction on going long -The stock is taking support...
As we can see BANKNIFTY fell over 500 points despite of the huge gap up and also broke last days low and hence the next emminent support we can see is around 37200-37000 levels which is also a .50 level fib level and is a 50 percent retracement of the overall trend hence banknifty must reject and take support around these levels else if fails to take support...
banifty going for now ATH price has retrce from near ATH its look like it weill bounce from here for ATH
As we can see NIFTY had been in consolidation theoughout the day and closed on a negative note despite of strong opening, followimg the global cues we can expect NIFTY to open weak tomorrow but that gap down opening could show opening around important support levels which are mentioned in the chart which are 16600-16800 range and this range is also a 50 percent...
Filatex Cmp 108 dated 27-9-2022 1. Reversal from Support Line. Buy @ Cmp for target 116-123-127-128-143-175 SL 95 PROS Company has reduced debt. Company is expected to give good quarter Company has delivered good profit growth of 47.4% CAGR over last 5 years Company has a good return on equity (ROE) track record: 3 Years...
NIFTY form H&S pattern on weekly chart. It's neck line is placed at near 17520. On daily Chart negative Divergence also seen. if nifty close below 17520 on weekly basis. it will show more correction up to 500-1000 points after that.
As we can see NIFTY is at it’s important psychological level which is 17000 level which is acting as an important support for nifty and also the presence of fib level .382 is makinh it a stronger support hence if 17000 is well protected and doesn’t breaks below we might see an upside rally in coming trading sessions else we might see nifty at its next important...
The stock has given a nice break down of the Head and shoulder pattern. The markets are in the negative and the stock has given 40% (approx) returns in 30-35 days time. Stock has broken the neck line of the of the pattern and closed below it. The stock has closed below its 50% Fibonnaci levels. Wait for the stock to retest the price level of the neck line and...
Banknifty for the two consecutive days has fallen more than 2% and losing around 2000 points in just 2 trading sessions. The market remain in the red whole day. Even after the gap down of more than 500 points the banknifty closed 900 points lower. On the daily time frame, the market had tested its 2.618 Fibonnaci level. The market has also breached the level of...
Disclaimer: I am not a financial advisor, all information shared are ideas shared, take your entries based on your own analysis or taking advise from your registered financial advisor. We are not responsible for your profit or loss if you take up idea from this chart. Entry between: 265 and 275 Stop Loss: 256 (Risky Stop 250) First Target: 1:1 (Book 50%) Second...
Nifty50 at critical support 17300 next support can be 17000 then 16900 resistance @17860 educational idea
Banknifty Weekly trend analysis trading in channel. showing weakness on chart
ETHUSD buy idea with FIB RETRACEMENT analysis. It's just for educational purpose not for real trade.
U.S DOLLOR CURRENCY INDEX trading on parallel channel. As per analysis it may test 110-111 soon. It is major resistance 110 . There are good chances to cool down after this levels.
After forming double top on 20th Sep, Bank Nifty on hourly time frame is likely to continue its downward trend till its support region of 38500. There is also likelihood of it retracing it 40000 levels and then continue it journey downwards. Rest I think chart is pretty self explanatory.
B-Nifty raised with Negative Divergence if correction take place. it may be deep. Major resistance 40500-40800