Nifty wave A is 3 wave structure completed near 16376. Wave B was zig zag correction moving more thann 0.618 fibonacci level of wave A. Considering 16592 as top Wave C is expected to end in zones 16275 (100% of Wave A) to 16153 (138.2% of Wave A) DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal...
Sharing only for the purpose of learning. IT sector may lose some steams after this wonderful rally. Fibonacci Projection as shown reached the 1.414 levels in a single rally. Few stocks showing some retracement signs on charts. It can retrace or again start his journey again as few stocks still seem very strong on charts as below. - TCS - Mindtree ...
Nifty retraced 0.236 Fibonacci with Irregular flat. Wave C of irregular flat was ending diagonal which finished at 16495.40 Upside wave 5 target is expected to move 0.382 Fibonacci extension 16660 or 16760 which is 0.618 Fibonacci. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the chart is solely the...
Nifty 15 min chart looks wave iii completed today for upmove started from 16162. Wave iv is expected to end between 16505 which is 0.236 fibonacci retracement or 16453 0.382. Consider 0.382 fibonacci retracement wave V target will be 16716 if reversal takes place from 16505 the target will be 16770. DISCLAIMER:There is no guarantee of profits or no exceptions...
Banknifty Elliott Wave count plotted best to my knowledge. After Wave iv which is complex correction new leading diagonal wave has been seen. New impulse should start taking it towards lifetime high. 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...
As we all know in a trending market there are swing highs and lows and Nifty had a brilliant run from 2016 low till pre-Covid fall. Fibonacci levels are crucial (although after the price action has happened) in predicting why trend is facing support/resistance at a particular price. Taking the Fibonacci retracement from the trend from 2016 swing low (6825.8) to...
So Asian Paint share give around 6% move on Tuesday, there is a two reasons behind it. . 1. Asian Paint was in consolidation mode from last so many days so it gave a breakout on Tuesday with the level of 3068. . 2. In the second half, Asain paint declare their good Quarter Results so it gives the more upward momentum to the share. . So for tomorrow, there is a...
SAIL is forming a Descending Triangle , RSI has already given a Trendline Breakout , a descending triangle breakout is soon expected. Suggested Entry:- Above 130 levels Targets as per Fibonacci Extension:- T1: 145 T2: 148 T3: 153 NSE:SAIL
As you see in the Godrej Properties stock Fibonacci Retracement has happened in the previous day. . And same thing in last one week, after touching 1540, it retraced the level of .5. . Now tomorrow we can take the positional trade, once it cross the level of 1540. . Then 1560-1590 is out Targets. . What's your view on this comment below in the box.
Alok industries is giving kind of flag breakout long above 28.3 for 0.618 and 1 level 32.35 and 36.85. Extension of Fib can happen. Stock is highly bullish with volume.
Tata Motors after Mar 2020 low 63 moved up by making wave 1 as leading diagonal Next sub impulse wave (1) and (3) were normal waves without extension. So (5) was explosive up raising 300% or wave (1)+(3) at 357. After 357 high it retraced very small portion 0.232 Fibonacci level or 23% which is common in case of wave extended wave. It appears to be making cup...
Bank nifty going through triple zig zag complex correction and there is another 1000-1500 points correction possible towards 0.618 Fibonacci level. With sharp recovery from 33909 its unclear if its A or Z wave completed already and new impulse started? Monday will give Clear picture if its not able to cross channel top 35000 then we can expect C wave of Z to...
after major fall it make HH and HL and fib extension 1.618 (74.3120) can be achieved
BRITANNIA had given a long period Trendline Breakout on 7th June and sustained above the Trendline. The stock then gave Ichimoku Cloud Breakout along with Triangle Breakout on 15th June and sustained above Ichimoku Cloud, confirming a start of an good uptrend and a good buying signal. Targets For Britannia by Fibonacci Extension Tool are:- Target 1:...
SIMPLE PRICE ACTION USING TREND ANALYSIS FOR SWING TRADING TARGET BASED ON FIB EXTENSION
Buy Banknifty cmp 35005 spot Sl below 34960 spot tgt 35130---35200
The stock has given breakout after 145 days Buy : 15% --> 625 15% --> 630 70% --> 650 AFTER TOUCHING 625 SUPPORT PRICE ABOVE BUYING SPLIT TO PREVENT FALSE BREAKOUT Target : 670 -> 680 -> 700 -> 740