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Fibonaccianalysis

DLF: Elliott Wave AnalysisWe will soon get an excellent buying opportunity in DLF. As we can see, I have marked DLF using Elliott Wave theory and Fibonacci. You can see that, after forming wave (1), the market falls to form wave (2). In wave (2), we can see Flat Correction marked with ABC counting. Price then moved fast, indicating a clear impulse to form wave (3). Currently, we are in wave (4) in DLF. As per the rule, we can expect wave (4) to terminate between 23.6% and 38.2% This is the most probable zone where we can expect a new impulse, i.e., wave (5), to start. One has to wait for the market to fall in this Buying zone to get a good buying opportunity. This analysis is based on Elliott Wave theory and Fibonacci. This analysis is for educational purposes only. This is not a buying recommendation.
NSE:DLF
by theprofityogi
4
SOUTHBANK – Breakout From Cup & Handle | Daily Chart📊 SOUTHBANK – Breakout From Cup & Handle | RSI Bullish | High Volume | Fibonacci Levels | Daily Chart 📅 Chart Date: July 2, 2025 📍 CMP: ₹31.60 (+2.63%) 📈 Symbol: NSE:SOUTHBANK 🔍 Technical Breakdown ✅ Cup & Handle Breakout A perfect cup & handle pattern breakout is visible Price breaks out above the neckline at ₹31.08, which was a strong resistance zone Breakout supported by rising volume (25.1M) adds conviction 📊 RSI Momentum RSI (14) reading at 67.96 signals bullish strength, approaching overbought but not yet extreme RSI crossover and previous bullish divergence helped initiate the move 📐 Fibonacci Retracement Levels (Swing: ₹22.21 to ₹36.46) 38.2% – ₹27.65 50.0% – ₹29.33 61.8% – ₹31.08 ✅ (Breakout zone) 78.6% – ₹33.41 100% – ₹36.46 🎯 🏁 Key Levels Breakout Zone (Neckline): ₹31.08 CMP: ₹31.60 Resistance Levels: ₹33.41 → ₹36.46 Support Levels: ₹29.33 → ₹27.65 💡 Trade Idea Entry: Above ₹31.10 on volume confirmation SL: Below ₹29.30 Targets: ₹33.40 → ₹36.40+ Momentum + Breakout = High Conviction Setup ⚠️ Disclaimer This analysis is for educational purposes only. Always do your own research and consult a registered advisor before investing.
NSE:SOUTHBANKLong
by PriceAction_Pulse
CDSL: Moving as expected, what's next?As predicted, CDSL is in wave 4 now. Wave 4 is Zig-zag correction in nature. Currently, it looks like we are in wave C of zigzag. The targets for this wave C are minimum 61.8% , next targets will be 100% at both these levels we have cluster of fib levels. At these levels wave 4 may complete. It means, at these levels we can have buying opportunity for wave 5. But buying is only if there is any bullish candlestick pattern is formed. For educational purposes only.
NSE:CDSL
by theprofityogi
GOLD: Further levels using Elliott Wave TheoryWe successfully forecasted the path of gold in our post on May 12th. Now, GOLD is looking like it's entering an impulse wave. Wave (1) of this impulse was completed on 23rd May. The price then falls between the zone 38.2% and 50% to form wave (2). This was also predicted by us. Currently, GOLD is in wave (3). Now, to get the targets of wave (3), we have two possibilities. 1. Wave (3) goes to 100% and then reverses. This case is of the Terminal impulse. And the further path of GOLD can be predicted later. 2. Wave (3) goes to 161.8% (minimum). This is the case of Trending or normal impulse. And further path of GOLD can be predicted accordingly. For now, GOLD is looking like going to touch at least the 100% (3490.81) level. This analysis is based on Elliott Wave theory and Fibonacci. This analysis is for educational purposes only. This is not any buying recommendations.
OANDA:XAUUSD
by theprofityogi
4
CDSL: Elliott Wave AnalysisThe CDSL daily chart indicates that the stock is in an impulse. See the counting using Elliott Wave theory where the major wave (2) (shown in red) bounced from the 81.2% level to enter into wave (3). The subordinate of wave (3) are shown in blue colour, where we can see the subordinate wave (2) of major wave (3) bounced from 61.8%. To get the possible projection of the subordinate wave (3), I have applied Fibonacci extension to it, and we can see the price is at 200% extension currently. If the recent high is not broken up, we can presume that this is the top of wave (3). Now, wave (4) will form. And for predicting wave (4) target that I have plotted the Acceleration Channel. This channel can be plotted by joining the line from the top of wave (1) to the top of wave (3) and then its parallel line from the bottom of wave (2). This channel gives us a hint about where wave (4) may terminate. Also, I have applied Fibonacci retracement from the bottom of wave (1) to the top of wave (3), and as we know that wave (4) may terminate between 23.6% and 38.2% levels. So we can get some idea about where wave (4) may complete. We can see there are clusters of Fib extension and retracement levels near these zones. So we may have a safe buying zone between those. Important: Here, I have assumed that the subordinate wave (3) is completed. If the price crosses above the recent top, then we have to replot and recount this study. This analysis is based on Elliott Wave theory and Fibonacci. This analysis is for educational purposes only. This is not any buying recommendations.
NSE:CDSL
by theprofityogi
Possible Elliott Wave counting of GoldCounting 1: After a clear impulse, the price formed a Zig-zag correction (marked in red ABC). If the correction is completed near 50% (near 3228 level), then the recent upmove is a new impulse. Of which wave 1 is completed, reaching a high of 3435. The market is currently in wave 2, and the next possible moves are marked as impulse counting (blue 12345). This analysis is based on Elliott Wave theory and Fibonacci study. This analysis is for educational purposes only.
OANDA:XAUUSDLong
by theprofityogi
2
NIFTY detailed countingAs discussed in the last post, NIFTY's price has crossed over 23026.85 before 21st March so we can count the current move as wave (3). We can also see that price has broken the base channel, which is an important sign of wave (3) progression. The detailed counting is given in the chart. As we can see, the price is in subordinate wave 3 of the bigger wave (3). The minimum target of Trending Impulse is 161.8% as per the rule. We can expect the price to touch that level in the upcoming session. I have marked, for now, a bigger wave (3) (in red) at 161.8% but as mentioned earlier, it is just the minimum target of it and the price may go beyond this level too. This analysis is based on Elliott Wave theory and Fibonacci. This is not any buying recommendation. This analysis is for educational purposes only.
NSE:NIFTY
by theprofityogi
1
KALYAN JEWELLERS how much it can go up?Wave (c) of Elongated Flat Correction finished near 420 price level in KALYAN JEWELLERS. It is observed that whenever there is Elongated Flat Correction (wave (c) will go beyond 161.8% extension), the price further tends to go in Double Correction. Now, after every Flat Correction, price will go 61.8% retracement of entire move most of the times. So we can assume here that KALYAN JEWELLERS will continue in uptrend upto 61.8% (near 652 level) and here it may form wave (X) of Double Correction. Price may then reverse again to form wave (Y). This analysis is based on Elliott Wave theory and Fibonacci. This not any buying or selling recommendations. This analysis is for educational purposes only.
NSE:KALYANKJIL
by theprofityogi
1
TCS Buying Opportunity▎Analysis of TCS Stock using Elliott Wave Theory Overview: TCS (Tata Consultancy Services) has recently formed an Ending Diagonal pattern in the 75-minute timeframe, indicative of a terminal impulse wave. This pattern suggests that the stock may be nearing the end of its current trend, and a reversal could be imminent. Elliott Wave Theory Context: According to Elliott Wave Theory, an Ending Diagonal typically occurs in the final wave of a trend (Wave 5). This pattern is characterized by converging trendlines and can signify exhaustion in buying or selling pressure. Traders often look for a reversal after such formations, particularly when combined with Fibonacci retracement levels. Fibonacci Retracement: Following the completion of the Ending Diagonal, TCS has retraced approximately 61.8% of its previous upward move. The 61.8% Fibonacci retracement level is considered a significant area for potential support, where aggressive traders might start to accumulate positions in anticipation of a reversal. For those who prefer a more conservative approach, waiting for the 81% retracement level could provide an additional margin of safety before entering a trade. This level often acts as a strong support zone and can offer better risk-reward ratios. Entry Points: • Aggressive Entry: Near the 61.8% Fibonacci retracement level. • Conservative Entry: Around the 81% Fibonacci retracement level. Stop Loss: As indicated in the accompanying chart, it is crucial to place a stop loss just below the recent swing low or beneath the 81% retracement level. This helps to manage risk effectively should the market move against the anticipated direction. ▎Conclusion: The current technical setup for TCS presents potential buying opportunities based on the Ending Diagonal formation and Fibonacci retracement levels. Traders should consider their risk tolerance and trading style when deciding on entry points and stop loss placements. As always, it is essential to conduct further analysis and confirm signals with additional indicators before making trading decisions. Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always do your own research and consult with a financial advisor before making investment decisions.
NSE:TCSLong
by theprofityogi
When to buy BHARTIAIRTELIn BHARTI AIRTEL, a Diagonal (Terminal impulse) is finished and the price is falling. After any Diagonal the next fall is always 61.8% or 81.2%. So, if anyone is interested in buying this stock, they may start buying near these two levels: 1577.45 and 1544.05. This analysis is based on Elliott wave theory and Fibonacci. This is not any buying recommendation. Please always do your own research before you take any trade. This analysis is for educational purposes only.
NSE:BHARTIARTL
by theprofityogi
NIFTY downside targetsIf we count a single leg for NIFTY, (recent move), we can see Flat Correction. Wave B is returning from the golden ratio of 61.8% We will use the Fib extension to find the target of wave C. We can see that the minimum target of 61.8% has already been crossed. Price now moving for the Rule of equality i.e. 100%. But we can see several Fib clusters near the price range of 23667.40 and 23621.35 So we can expect wave C up to these zones. This analysis is done using Elliott Wave theory and Fibonacci. This analysis is for educational purposes only.
NSE:NIFTYShort
by theprofityogi
Unlock KNRCON’s : Riding the Bullish Breakout to New HighKNR Construction Ltd (KNRCON), a few key features can be observed: Weekly High: Around 415 Weekly Low: Around 202.53 Current Price: Around 352.95 Breakout Structure (BOS): The stock seems to have experienced a breakout above resistance. Here’s a potential trading strategy based on the current data: 1. Support and Resistance Levels: Resistance Level: ~415 (near the weekly high) – if the stock moves towards this level, it could face selling pressure. Support Level: ~308 (50% Fibonacci retracement) – this can act as a strong buy zone in case of a correction. Long-term Support: ~202 (weekly low) – strong support level. 2. Entry Strategy: Breakout Trading: Since the stock has broken out from a previous resistance (BOS), a good entry point would be around the current price (352.95), with a target near the next resistance level (415). Pullback Entry: If the stock retraces, consider entering around the 50% retracement level (308) with a stop loss below the next support level (255). 3. Stop Loss: For an aggressive trade, place the stop loss around 308. For a more conservative approach, place the stop loss around 255 (75% Fibonacci retracement). 4. Target Levels: First Target: ~388 (previous highs) Second Target: ~415 (weekly high) Long-Term Target: If momentum remains strong, potential breakout beyond 415 could lead to a higher upside.
NSE:KNRCONLong
by OptimaltradeX
2
BITCOIN: Elliott Wave & ChannelGreetings, everyone.😉 I would like to present a scenario for your consideration, grounded in "Elliott Wave Theory" . ✔️ Wave initiated from the 15K level: Classified as a "Double Zigzag" ✔️ Current wave in development: Y-c-3 ✔️ Projected upward range: 93K ~ 101K The rationale behind this analysis is as follows: Zigzag patterns typically move within a parallel channel. The first zigzag wave, which started from the 15K level, adhered precisely to this parallel channel. As a result, the likelihood of a complex correction occurring is considerably high. Based on these observations, I have constructed this particular scenario. It is an illustrative representation of potential market behavior, grounded in established technical principles. Wishing you all the best of luck🍀 This is not a buy or sell recommendation. It is a personal perspective and should be used for reference only. All decisions and responsibilities lie with you.
Long
by Killer_Whales
Adani Energy - Heavy Supp & Ress with 4 yr long Fibonacci SetupAnalysed the Adani Energy solutions on a weekly chart there is a 4 year long gap to be filled - Fibonacci setup. However from last 1 year, the price has been seeing a heavy resistance and support at the entry zone, which somehow makes the entire Fibonacci setup little week. The coming week or two, may still see a downfall and hot the support level of 975-970, if continued, it may hit a second resistance of 955-950. at this stage, the trend is also hanging towards more sellers keen to liquidate their positions. Hence this may drive the price downwards towards its support. Once the price sustain the support level, price may hit its first sub resistance of 1190. It may also continue to hit its second main resistance level of 1265 I shall keep updating the weekly analysis.
NSE:ADANIENSOL
by Beside9