FORTISAs price has formed a Symmetrical triangle and the breakout has taken place with a big bullish candle the price is falling and may retest and might move upwards.. "EDUCATIONAL PURPOSE"..
Fibonacci Extension
HDFC AMC Parallel Channel and Possible Extension in 5th WaveDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment study provided is solely the personal views of my research. You are advised to rely on your judgment 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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HDFC AMC in 4th wave correction likely to go down towards 0.618 fibonacci level
Good entry near 2800-2600 zones with stop loss 2069 for 5th wave 3900+ if gets extended more 4800+ possible in long term.
Targets are derived based on assumption that 4th wave will end near 2600 they will change based of where 4th ends.
Do your own study, check fundamentals too.
Whirlpool will move further, Trend intactPlease Refer the breakout idea attached.
All observations on chart.
After showing oneway move after breakout, Whirlpool gave a pullback from 50 % Fibonacci level, which is healthy sign for the Trend.
Spotted this very late but surely it will make new highs.
Next target as per Fibonacci extension is 2800 & 3000.
Not a Tip nor a recommendation.
HDFCBANK Bullish Breakout HDFCBANK seems to have broken out of the congestion zone of 1500 which was acting as a resistance for a long time. The stock is heading toward a potential target of 1.618 Fib retracement at 1645-1650 on the stock.
FIBONACCI TRADING TOOLSHi
There are 3 popular Fibonacci tools viz. Fib retracement, fib extension and fib projection. Most of the times traders get confused with these three and make wrong calculations.
These levels can be calculated manually but most advanced trading platforms provide tools so that you don't have to go through the time consuming process of writing everything on the paper. In TradingView platform there are Fib retracement and Trend-based Fib extension tools, in the left pane of the chart window, for this purpose.
Fib retracements is the most popular among the three tools mentioned above. When a stock is in a strong uptrend and then it pulls back, this tool gives us potential reversal points where the pullback might end. These levels are 0.382, 0.5 and 0.618. We should look for some bullish pattern in this zone if we want to enter into a trade.
Fib extensions is a least known but still useful tool. It is used when the pullback is over and we have already taken an entry. It is calculated from the length of the pullback itself. It gives us targets which we should be looking for to exit the trade. Levels 1.272 and 1.618 are the popular ones among others.
Fib projection is also a popular tool to identify the targets to exit a trade. It is calculated form the length of the impulse as well as retracement.
I hope this information would help some traders in taking better trading decisions.
Regards
JJSINGH
TATASTLBSLPrice has formed a bullish pennant pattern and the closing candle is rejection candle where price failed to move downwards the price can breakout from the pattern and may retest and move upwards till the resistance level which is also a fib extension level..."EDUCATIONAL PURPOPSE".
INDUS TOWERPrice got rejected from monthly supply zone and it has retested the new support zone and has bounce with a positive movement the price can move upwards till monthly supply zone again.. Try to find an entry at lower time frame ..before taking any trade do your own analysis.
Nifty looking for zig zag correction 15th Jan 2021Bounce retracement towards 14530-50 possible after which should go down.
Confirmation entry on sell side if 14435 breaks (non risky wait for this 14435 break level)then 14400-14300-14270 possible on downside
Stop loss of this analysis 14618
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.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis. Details in description.
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Tata Metaliks is in Bullish and accumulateIn continuation with the previous post of Tata Metaliks it is clear that the scripts is in bullish trend.
This script is perfectly working with all the important Fibonacci ratios since the trend has started in this hourly chart.
Now , I am expecting this move will continue till 663.
It may ride ahead towards next level i.e. 703 level or it may retrace till 621 level and may ride once again till 688/703 level.
This stock is a fundamentally strong script may give a multifold return.
TATA POWER The price had a grate upward move, now the price is forming a channel pattern as the price has been rejected at resistance the price can move upwards after taking support and can break the channel upwards , the other case can be the price will break the channel as well as support and the price will fall .wait for the breakout on either sides..
Bitcoin | Bearish Crab | Short after long rally?Bitcoin at strong reversal point. Will it retrace?
BITSTAMP:BTCUSD
Nifty Ending Diagonal About to Complete 11-Jan-2020Keep watch on level 14380-14428-14472 for reversal point
Depending on above levels possible downside levels 14060-14080-14096
These targets are of 0.618 Fibonacci levels of length of Ending Diagonal Wave 5(4-5 orange colour).
Below 0.618 move will trigger further fall next levels will be updated once top is formed
DISCLAIMER:
There is no guarantee of profits or no exceptions from losses.
The stock and its levels discussed are solely the personal views of my research.
You are advised to rely on your judgement while investing/Trading decisions.
Seek help of your financial advisor before investing/trading.
Investment Warnings:
We would like to draw your attention to the following important investment warnings.
-Investment is subject to market risks.
-The value of shares and investments and the income derived from them can go down as well as up.
-Investors may not get back the amount they invested - losing one's shirt is a real risk.
-Past performance is not a guide to future performance.
-I may or may not trade this analysis
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HSCLAs price has broken the trendline with multiple touches and now it is taking support and price can move upwards till fib level.. "Educational Purpose Only".
Adani PowerAs Price has retested the major level after falling from monthly supply zone as well as resistance and now price has formed a symmetrical triangle pattern and the price is moving again towards the resistance....if want to make an entry go at lower time frame ..Do not make an entry at my analysis these analysis is only for education purpose....
SBI LIFE Aiming for 1kSbi life broken resistance and looks bulish can be added for 1003 target near 920-30 SL 894
DISCLAIMER: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 judgment 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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Airtel to Test lower channel lineDISCLAIMER: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 judgment 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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Symphony Cool Volume before Summer heat!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.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis. Details in description.
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STOP LOSS 799
Lets find New Nifty Top with Fibonacci and Elliott Wave TheoryDISCLAIMER:There is no guarantee of profits nor 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 taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis. Details in description.
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Lets find New Nifty Top With Fibonacci and Elliott Wave Theory
To everyone's surprise Nifty after declining more than 3% on daily chart on 21st Dec 2020 recovered and mere few points away from 13777
Look at Blue Impulse Wave plotted on Chart
Now with Gap up opening on Thur 24th Dec it is confirmed that wave 3 in progress and wave 3 ended above 1.618 Fibonacci level
Wave 4 was very short and didn't even retrace 0.236 levels so now if wave 5 is in progress then should reach to 13940-65
Now Look at Orange Impulse Wave
Wave 3 in extended case can go till 2.618 Fibonacci level 14017 next in wave 4 again 13700 will be tested finally wave 5 should end at 14212
Kiri industries' Ltd Bullish HarmonicThis script has started a new bullish wave. Fundamentally this stock is looking good for long term investments.
One can start accumulating the stock from this 481 level to 470 level for short term target 547/560/570/581.
Long term target 834/950/1090
GHCL Start accumulating in deep for InvestmentAs this stock is little overvalued but having very strong fundamentals. One can start accumulation of this stock in deep. The levels for accumulations are as follows 190/181/174/167/156/150.
These are all Fibonacci retracement level for accumulations.
The targets may starts from 214 / 253 / 273
CIPLA Breaking out of Bull FlagCIPLA is showing Bullish Flag breakout with above average volume. The gap up which looks like a breakaway gap is indicating further strength in the move. We can look for a price target of 1.618 Fib extension of the recent weekly wave at 880.
Potential Nifty Top With Fibonacci and Elliot Wave TheoryDISCLAIMER:There is no guarantee of profits nor 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 taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
I may or may not trade this analysis. Details in description.
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Plotted Elliot Waves on Nifty Monthly Chart so lets find out potential top
1. Nifty Top Based on Elliot Wave Theory where Wave 1 = Wave 5
a. Consider Wave 1 start from 279 which is lifetime low of Nifty then wave 5 should 13589.2
Where wave 1 height is 6078.1 + 7511.1(low of Wave 4) = 13589.2
b. Consider Wave 1 start from 0 then Nifty wave 5 top should be 13868.2
Where Wave 1 height is 6357.1 + 7511.1(low of Wave 4) = 13868.2
2. Nifty Top Based on Elliot Waves and Fibonacci extension where Wave 5 is equal to 0.618 of Wave 3 which is 13800.95.
The next Fibonacci extension would be 0.786 which is 15510.8 which is less likely to happen.
TITAN Crossing All Time HighsTITAN has breached 1400 ATH level comfortably. RSI also reaching over bought signals indicating strength. Bullish move expected to continue till the next 1.618 Fib extension level of 1813.
