Banknifty Elliott Wave count plotted best to my knowledge.
After Wave iv which is complex correction new leading diagonal wave has been seen.
New impulse should start taking it towards lifetime high.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
SBICARD is exhibiting reversal at multiple supports:
1. Trendline support from previous lows
2. 1.618 Fibonacci support
3. 200DMA support
Further, RSI also touched 30 level and reversed.
We are bullish on this stock, expecting the price to reverse to ATH of 1139.
As you see in the Godrej Properties stock Fibonacci Retracement has happened in the previous day.
And same thing in last one week, after touching 1540, it retraced the level of .5.
Now tomorrow we can take the positional trade, once it cross the level of 1540.
Then 1560-1590 is out Targets.
What's your view on this comment below in the box.
As we all know in a trending market there are swing highs and lows and Nifty had a brilliant run from 2016 low till pre-Covid fall. Fibonacci levels are crucial (although after the price action has happened) in predicting why trend is facing support/resistance at a particular price.
Taking the Fibonacci retracement from the trend from 2016 swing low (6825.8) to...
So Asian Paint share give around 6% move on Tuesday, there is a two reasons behind it.
1. Asian Paint was in consolidation mode from last so many days so it gave a breakout on Tuesday with the level of 3068.
2. In the second half, Asain paint declare their good Quarter Results so it gives the more upward momentum to the share.
So for tomorrow, there is a...
SAIL is forming a Descending Triangle , RSI has already given a Trendline Breakout , a descending triangle breakout is soon expected.
Suggested Entry:- Above 130 levels
Targets as per Fibonacci Extension:-
Tata Motors after Mar 2020 low 63 moved up by making wave 1 as leading diagonal
Next sub impulse wave (1) and (3) were normal waves without extension.
So (5) was explosive up raising 300% or wave (1)+(3) at 357.
After 357 high it retraced very small portion 0.232 Fibonacci level or 23% which is common in case of wave extended wave.
It appears to be making cup...
Bank nifty going through triple zig zag complex correction and there is another 1000-1500 points correction possible towards 0.618 Fibonacci level.
With sharp recovery from 33909 its unclear if its A or Z wave completed already and new impulse started?
Monday will give Clear picture if its not able to cross channel top 35000 then we can expect C wave of Z to...
BRITANNIA had given a long period Trendline Breakout on 7th June and sustained above the Trendline. The stock then gave Ichimoku Cloud Breakout along with Triangle Breakout on 15th June and sustained above Ichimoku Cloud, confirming a start of an good uptrend and a good buying signal.
Targets For Britannia by Fibonacci Extension Tool are:-
In Q3 result 2021 SAIL is recovering from fundamental aspect.
For long term I expert price can move up to 174.20 and target 2 - 224.50
DO YOUR OWN ANALYSIS BEFORE YOU INVEST . THE ABOVE CONTENT IS ONLY FOR EDUCTION PURPOSE
The stock has given breakout with good pattern
Major Support : 200-206
Minor Support : 218 -222
above 226 minor long can be taken
above 240 major long can be taken
Target : 250 -> 260 -> 275