B-Nifty PCR 1.30 over bought B-Nifty RSI 70+ over bought condition B-Nifty at major trend line resistance 36750-860 it may correct from here, if cross and sustain above it may test 37450 future levels* ( Must correct from here) for previous Gap Fill.
NSE:EICHERMOT - Eicher Motors chart is forming a Leading Diagonal Elliot wave structure. A Leading Diagonal is a transitional structure (correction to impulse) forming as part of the first wave of a larger impulse degree. - The first wave leading diagonals form as a 5-3-5-3-5 overlapping structure as shown on the chart. - There is no doubt this counter is bullish...
Reasons for the trade: 1. It broke daily Change-of-Character ( it broke the last high indicating signs of reversal) 2. It pulled back to 50% level on fibs ( potential to drop lower before initial move to the upside) 3. It’s at a flip zone ( area in the market that is both support and resistance) 4. Currently at a demand zone on daily ( support zone)
the stock is falling.....will fall more.....fall is likely to stop at 261.8% fibo level which will also be the end of the 5 way down move........be ready to buy at 30.75 for thumping gains...
REASONS FOR THE BEAR MOVE: 1. It broke previous low 2. Created new lower high and supply zone 3. At 618 area on fibs
24-07-2022 Stochastics are at low shows to go high and touch 473.85 till mid-October according to the Fibonacci tool Analysis Wipro Released its Q1FY2022 results where it grew its revenue but issuing dividends to the shareholders made an unusual expense to the company. CFO Jatin thinks, issuing dividends is the reason behind its increased expenses and fall in NET...
Go Long above 1694.1 for Targets of 1897.45, 2100.8, and 2304.15 with SL 1490.75 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. In addition to this a bullish candlestick pattern Bullish...
The Harmonic charts are shown in the chart showing the expected levels Out of three different Harmonic charts, two gives the same reverse point. The EMAs are favor of current Bullish Expected retracements are also shown The data given here is for STUDY purpose.
Reasons to take the bear move: 1: broke trendline for reversal on 4hr timeframe 2: broken previous 4hr low 3: currently at entry zone on the fibs (38.2-61.8)
Market now in strong level of support of previous level and then Target expect at the previous days of key level of 96.030 , This level is the Fibonacci retracement of 50%
15862 may be resistance for the coming days. If crossed on the upside can lead to higher levels 16750. If not crossed can lead to downside target of 14350 levels
laxmi organics looks quite bullish on intraday and swing basis. trend is up on 1h and good zone on 15min for execution. we can look for more then 4 rr with trailing stop loss.
Happiest Minds is one of the fundamentally strong multi-bagger stocks, which has corrected nearly 50% from its all-time high of 1581. It is an IT company, ranked 4 in IT Services which works on disruptive technologies such as artificial intelligence, blockchain, cloud, digital process automation, internet of things, robotics/drones, security, virtual/augmented...
the stock after taking support at the 61.8% is breaking above the channel median and entering inside the bullis region........likely target can be the channel edge,,,,red button
Head and shoulder pattern structure market Going to forming and Target 🎯 expect at the Major support and resistance level, another for major trend line support level, Fibonacci retracement level of 50% retraced to moving down, it's time to short position and another good entry at the head and shoulder neck level breakout after entering the trade.
Navkar corporation parallel channel BO, Can long near 73 add more if come 60 target would be100 and 150 time period 1-3 months view
-> LALPATHLAB is in clear Downtrend forming LL & LH. -> Bearish Trendline Pattern Breakdown Done. -> Now, Inverted Hammer formation at retest of trendline. -> Monthly CPR Rejection. -> Fibonacci 50% Level Rejection. -> RSI Trendline retesting
the stock appears to have bottomed out......is snaking in the floor....time to start accumulation