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Fibonacci Extension

Kotakbank Weekly chart Long Term Impulse SequenceKotakbank in Wave 3 right now For Long term fresh entry on any dip towards 1600 conservative stop loss of 6.5% at 1500, aggressive SL could wave 2 low 1230. Wave 3 target 2050 and wave 5 2240-50 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. -------(((((Please LIKE & Donate Coins to support my analysis)))))-------
NSE:KOTAKBANKLong
by Niftydirection
IOC Impulse Elliot Wave SequenceDISCLAIMER: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. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- Indian Oil is under-performed its other peers post covid fall. From all time high stock is in stiff downtrend and in parallel channel. It has formed bottom at start of wave i and retraced nearly 80% of wave i. Stock may create leading diagonal and should move higher. With SL 71.6 Long for 110-116 which is wave iii taget 1.618 Fibonacci level In year or it should touch upper channel line near 125.
NSE:IOCLong
by Niftydirection
Banknifty In Uptrend 5th Impulse Wave of Leading DiagonalAs explained in previous chart we were able to pin point Banknifty's down move. Downward wave four 4 was double zig zag correction which completed near 24404. We are witnessing now final Wave 5 impulse of leading diagonal and currently in wave iii which should extend 2.618=24785 to 25000. There will be sideways correction next may be till 23500-23300. Final Wave 5/v should reach 26361 Fibonacci 0.618 retracement from march low or bit higher for 27000. As it already moved very rapidly Invalidation level is deep and high of wave i viz. 21811 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 am holding banknifty etf from 21000 levels
NSE:BANKNIFTYLong
by Niftydirection
LT Impulse down Wave 5, Pain Still LeftLarson & Toubro about to start Downward 5th Impulse wave which will be truncated. Stock did retraced 0.382 fib from march lows and looks to have completed Tripple Three Wave at 1025. Case 1: Upside looks limited as have made Three black crows and move towards 980-1000 is ideal short entry with SL 1025 or 1040. Then going towards 890, 860, 840, 692. Not expecting to go below march low 661 Case 2: Moves up and touches 1025 then wave count from march low is WRONG. Disclaimer: For information purpose only, plotted values may differ in actual movement. Not to be used for FnO trades. This investment may not be suitable for all investors or analysis can be wrong so ask your financial advisor before investing/trading.
NSE:LTShort
by Niftydirection
2
Bandhan Bank to start fresh Impulse WaveStock post touching 650 broken Consolidation started going south till 152. From 152 it made retracement fib levels 0.5 completing first 5 wave impulse Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse. Long all dips towards 270 Short term STOP LOSS 248, For Long term bigger Stop loss of 195 on daily closing basis. Expecting impulse 5 waves to start soon with short term targets 368,396,432(possibly wave 3). Long term positional target 521 (80%+). Disclaimer: Calculated and plotted values may differ from actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
NSE:BANDHANBNKLong
by Niftydirection
11
Minda Industries Leading Diagonal end Wave 3 StartStock post breaking Leading Diagonal started upside with big volume. Long all dips towards 330-310 Wave 3 has started which should move towards 400-420 (1.68 Fib level) zones. STOP LOSS 277 In longer horizon Wave 5 (equal to Wave 1) positional target 475. Wave 4 will be complex and long correction towards 365 (0.382 fib level). Disclaimer: Calculated and plotted values may differ little with actual stock movement. Plotted wave count can be wrong. This investment/trade may not be suitable for all investors. Do your own study or ask your financial advisors before investing/trading. Please hit like button that will motivate me to do more. You can donate Trading view coins as well. Thanks :)
MLong
by Niftydirection
6