Group A Harmonic Pattern Weekly RSI near 30 Wait for RSI CO and reversal candle in the PRZ
Group A Harmonic Pattern PRZ near trendline support PRZ activated Wait for retest Weekly RSI near 30
Eth is currently under a heavy sell pressure and getting resistance from fib speed fan and also 0.5 fib level. On 4 hrs the volume is also decreasing. Expect a retrace back to the previous high
Canara Bank broke trendline on daily time frame.. The 218-215 levels will act like an immediate support & if it stays above these levels we could expect target of 235 & 250 Place stop loss below 205 on closing basis. For educational purpose..
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EMAMILTD | Channel breakout - Looks potential for 16% CMP : 435 SL : 415 Target : 505 1:4 risk reward setup
Nifty on weekly time frame still not touch the 38.2% FIB level. Possibility it will touch then pull back but this pull back will not be good as per technical Price action analysis until it hit 50% fib level.
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NSE:TATAELXSI Strong uptrend in this stock today it retested and bounced back from the previous breakout lvls which was also the golden fib zone TP1 - 9266 , TP2 - 964 , TP3 - 10967
Nifty weekly chart showing weakness. It form H&S pattern, if nifty break and sustain below 16900 it may test16250 soon.
VBL has just given breakout on the upside for an ascending triangle formation successfully giving a daily close above the previous 52week high and all time high. For swing traders, it can be bought on retest of levels around 1005-1020. Ideally the SL should be 990 owing to the psychological figure barrier that it broke. But considering ascending triangle rules, SL...
NSE:MAWANASUG We are seeing a Breakout of flag n pole pattern with good volumes. stock is rising after taking a support from 0.61 fib level and has crossed 0.786 lvl with a strong candle. We can see T1 - 168 very soon after that T2 - 203 then , T3 - 226 as per flag n pole target and 1.61 fib extension confluence. keep SL- 127.8
Recently cement sector is gaining momentum. After the 2020 fall, the stock is linearly increasing with a spurt in July 2021. Since then the stock has again caught itself in a range between 326 and 414 which can also be confirmed from historical data. Seeing current situations we might expect the stock to give massive returns. Seeing the fib levels and EMA 50 and...
NSE:IIFLSEC This stock gave a Breakout of falling wedge on daily and flag n pole on weekly , rising from 0.5-0.61 fib support zone on weekly timeframe , expect T1- 110 ,T2 - 117 and as per Flag n pole T3 - 180
Nifty is finding resistance in the 17300-17350 zone and the one day it opened above 17400 it could not sustain and fell rapidly back to below 17300 levels. The reason for this could be it is 61.8% retracement level of LH formed on 17351 (18 Jan) and LL of 15671 (8 Mar). Obviously this doesn't mean that NIfty could go down substantially from here. It could...
TATACONSUM on fibo level has completed its retracement of 78% and has moved upside to 61%. Wait for previous day High and enter according to your risk management.