Strides Pharma - Support Zone NSE:STAR is trading near major support zone.
Also the 38.2% of the fibonacci level lies in that support zone. which indicates the strength of the bulls in that zone.
but we can also see that it forms a Descending triangle pattern which indicates more fall in the stock (Theoretically).
Do your own analysis and wait for the direction.
Fibonaccianalysis
Cadila Healthcare: Fibonacci ExtensionAll levels are marked in the chart only.
Cadila Healthcare can begin a new bull run on technical levels......analysis is also backed by news of Virafin(an antiviral produced by Cadila Healthcare) being given emergency approval for treatment of moderate COVID-19 patients.
Volume has also increased drastically.
Cadila has also given closing above a trendline which was previously acting as resistance for the price to move up.
Banknifty Ending Diagonal Final up-move towards 30700DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading.
I may or may not trade this analysis
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Banknifty upside getting exahusted and trading in parallel channel making ending diagonal.
On Friday before close made bullish candles and closed above major resistance 30000 suggesting upside still pending.
Banknifty in impulse up-move and in wave(3) which usually goes Fibonacci level 1.618=30760 of wave 1.
Then after that we can expect deep correction which should go
0.5 Fibonacci level 27186 or 0.618 level 26342 in wave 4
In Wave 5 expect to go near life time high.
Infy elliotwave analysis, ready to create new high?DISCLAIMER:There is no guarantee of profits or no exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while investing/Trading decisions.
Past performance is not an indicator of future returns. Investment is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis.
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On small time frame of 15 min plotted impulse wave from swing low.
Currently in Wave 4 triangle correction and looks ready for breakout with green Marubozu formed in 2nd last candle.
Targets any of these 1031-1037(in case of wave 5 truncation), 1050
case 1: Weakness in global markets can invite for gap fill 1006 and good support at 1004 which is entry opportunity with 997 SL.
Case 2: Gap up opening and sustainance above 1027 will confirm bullish bias
Case 3: Gap down and violation of 997 this becomes analysis will be invalid
NSE: DMART Interesting possibility for 2189 DMART chart looking interesting with possibility to move higher after positive earning reports
Good to buy at current level 1880 to 1890 for a targets 1937, 2018, 2075, 2149 and 2184 in extension
Strong possibility to break out above 1937
Keep stop loss moving from 1808.
NIFTY HOURLY CHART TRADE CAUTION TRADE WITH STRICT STOPNIFTY HOURLY CHART TRADE
CAUTION TRADE WITH STRICT STOPLOSS
NIFTY HAD BROKEN STEEP TRENDLINE
NOW HAS RETRACED TO 61.8% ON HOURLY CHART
IF THE TREND IS TRUE IT MUST REVERSE
FROM 10568-70 OR 10550 LEVELS(ADJUSTED FOR VOLATILITY
TRADE WITH A VIEW OF 10750 IN MIND AND WITH A 30 TO 40
POINTS ON THE INDEX
ADANIENT: Nearing Festive season, Good for Q3 result. Bullish Candle pattern, Morning DOJI STAR .
ICHIMOKU: TimkenSen Line U-Turned .
Rest plotted on Chart.
Go LONG: 35% at +/- 1% of LTP .
Best LONG: @ Below @ 110.60 (30% of Investment)
More : @ 108.30 - @ 107.30 (35% of Investment)
SL: @ 105.5- (By Closing)
Trailing Stop Loss: @ 101-
More Updates & Intraday / Swing Trade Snapshot updated later.
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Disclaimer: Only For STUDY. Sorry in Advance if hurt any member or viewers.
Have not follow time-line, Sorry in Advance if view conflicts.