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.
Both the Fibonacci extension levels and Fibonacci projection levels are more or less coinciding. The possible termination levels are as follows.
Around 127% - 33000
Around 138% - 33500
Around 162% - 34600
Exactly Touched Fib-Level
On Daily Chart, Retracement of Last Fall
Nifty Retraced to 1.618 times Level 11444
& Closed below this Level
If fall here, we may see Profit booking from here till
If give Breakout above 11444
Next Level can be 11972
Disclaimer: Only For Study Purpose View.
Analysis and detailed study of corrective Wave B on Weekly chart. Please refer weekly chart Elliot Wave counting from my ideas posted 2 days ago or from the below link.
The above analysis is done in 180 min chart. Details already mentioned on the chart. Zoom in/out to see the clear analysis.
This is a breakdown of wave B to complete the same wave and to start...
There is an opportunity of swing trade in Jain Irrigation.
Stoploss: below 79.8.
Reward/Risk Ratio : 14/6 = 2.33.
According to the Fibonacci extension, the 3rd wave should be around 1.5-1.6 times bigger than the 1st wave, which leads us to around 99-101 levels.
The stock had a good positive rally since 186lvl (11/2016) till 390lvl (08/2018) forming the pole of the pattern.
Since reaching the high of 390lvl it has corrected and has found support on near 280lvl (Fibonacci 50%). It has broken & closed above the Fibonacci 38.20%lvl giving a confirmation of the trend continuation.
We can enter in range of...