Observation -> RSI Divergence (Red line): 11 MAY to 8 June 2020 -> Price & volume : Price is increasing & volume is decreasing : Bearish -> Fiboonaci extension used to find short term upside movement which can be a point of reversal. Remark RIL has tested 1600 level for the third time, hence there can be a + Breakout. ( Extension levels,...
POSSIBLE REVERSAL POINT. YET I AM NEUTRAL AND LOOK FOR OPPORTUNITIES BOTH SIDE. HAVE AN OPEN MIND. TODAY MOVE WILL LET US KNOW WHETHER HIGH HIGH HAS FORMED. IF BUY ENTRY ACTIVATED, THEN BE CAUTIOUS AROUND T2. ALL THE BEST...!
NSE:MOTHERSUMI
NSE:ASIANPAINT
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.
#MRF #123 pattern,#Fibextension #abc pattern take your pick. Keep an eye on 69600 for sl
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
RELIANCE | Fibonacci Strong Support And Resistance Levels
Axis bank long @ 735 / TG 795 / SL 675
Reliance 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 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.
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...
Watch out for breach of 7170 breakout level for upward rally. Target lvl (7890 plus/minus 1%) also coincides with 61.8% fib extension level
Hi 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.
Dear 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...
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???