RELIANCE | Fibonacci Strong Support And Resistance LevelsRELIANCE | Fibonacci Strong Support And Resistance Levels
Fibonacci Extension
Reliance Price action analysis for Short positional tradeReliance price action details are mentioned on the chart for SHORT position.
Entry:- Enter short below - 1350
Stop Loss:- 1370
Target 1 :- 1310
Target 2:- 1270
Nifty Next Fibonacci LevelsNifty
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
23.6%= 11274
38.2%= 11142
50%= 11036
If give Breakout above 11444
Next Level can be 11972
Disclaimer: Only For Study Purpose View.
Nifty 50 Elliot Wave Theory Detailed Study And PredictionAnalysis 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 Wave C. This will help you to take off position and or re-enter a upmove.
PLEASE NOTE, each wave of each degree is counted with relation to Fibonacci numbers, trend line and horizontal SAR. All the rules/guidelines of EWT are followed for the analysis. The waves may or may not show exact movement as predicted. Please be cautious while taking a position. Always analysis using multiple time frame before taking a position.
Any suggestion/feedback/criticism/healthy debate are welcome. Appreciation, support and few likes are most welcome. :)
After BAJFINANCE, BAJAJFINSV is getting ready for RALLYWatch out for breach of 7170 breakout level for upward rally.
Target lvl (7890 plus/minus 1%) also coincides with 61.8% fib extension level
Jain Irrigation, Swing trade opportunityHi Guys,
There is an opportunity of swing trade in Jain Irrigation.
Buy: 85.8
Target: 99.8
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.
Possible Breakout of Pole and Flag patternDear friends,
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 312-288lvl with SL of 275lvl. T1 - 351, T2 - 375lvl.
Beautiful example of FIB EXTENSIONS!BEAUTIFUL EXAMPLE OF
FIB EXTENSION.
ALL FIB EXTENSION LEVEL ARE RESPECTED
DIVERGENCE IS UNDER-CONSTRUCTION.
Is this scrip getting ready for a huge fall till 865.33 or below???
Reliance Flag Breakout Everything in charts.
Aug CE looks good as July CE will just eat your premium and you might lose money even if target is achieved.
Take calls at your own risk.
Entry and Exit Levels for this Dmart uptrend rally (Fibonacci)Entered at 1441.40 and Exiting at 1644.25.
202.85 points profit estimated at fibonacci level 78.6%.
GBPJPY Shorting OpportunityGBPYJPY Seems weak at current levels which coincides with a horizontal and falling trendline resistance.
Sterlite Technologies Limited- Extreme Price ActionSterlite Technologies Limited is currently struggling near Fibonacci @3.14 Projections. From Past three months, stock is not able to cross Fibonacci 3.14 levels. However as yet there are no sign of weakness or reversal in the stock.
Stock Might consolidate more near these levels.
Support are at 310, 270
Resistance at 360- 370, 430
Nifty : Aaluma Doluma Aisalakadi Maluma !Happy Guys & I don't know what to give as title, so gave a song title :)
Getting Back to analysis, we drew ABCD yesterday, there can be more reasons coming up today for upside move. For example, Am expecting Double Bottom on 15mins time frame but will see whether it happens. I hope Nifty, after taking support around 9130's zone we may get move up till 9170's zone.
Let's see how this ABCD pattern completion works for Nifty, a gap up ? Hmm possible.. !
Last minute add, I forgot whom but someone mentioned that its at 61.8% through the zone of 9130's Nifty, anyway thanks to that person for providing input :)
Once Again Guys, Thank You So Much... Love you all.. Have a Wonderful Trading Day :)
Let's Celebrate Together : rachaelsbooks.files.wordpress.com
Google "aaluma doluma" for full song ;)
