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Fibonacci Extension

Bajaj Finance forming Weekly Hammer and to start 5th WaveBajaj Finance in wave 4 made double zig zag(wxy) and took support in zones 0.5 and 0.618 fibonacci level wave 2-3. On weekly chart hammer is geeting formed which is trend reversal sign still one day left to complete week. 3rd Wave didn't went above 1.618 so its not extended so as one (sometimes two) of the wave five waves gets extended. 5th Wave least target new high which is equal to Wave 1 6400 or bit more 0.618 fibonacci extension of wave1-3 viz 6900. Most like 5th would get extended till 100% or more of wave 1-3 length target comes around 8400. STOP LOSS Should be 4000 which below 0.618 fibonacci level or in case it forms tripple zig zag and comes down again to test 0.618 fibonacci then Top of Wave 1 which is 3749 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))-------------------------------
NSE:BAJFINANCELong
by Niftydirection
Gujarat Alkalies Flag formation and start of Wave 3Stock in flag consolidation since long time and on verge of breakout. Long near 360-70 with Stop loss 302 Minimal target 512-15 of Wave 3 or C. Agressive targets posted as Wave iii can be possible as consolidation is quite high DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))-------------------------------
NSE:GUJALKALILong
by Niftydirection
Ashok Leyland Eyeing New All Time highAshok Leyland has completed wave 4 and looking to head towards new all time high 170+ Long near 120 with stop loss 107 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))-------------------------------
NSE:ASHOKLEYLong
by Niftydirection
PHILIPCARD | BUYPHILIPCARB has shown a good entry point today. Trend based indicators show:- Crossover of 10EMA over 20EMA (BUY) Crossover of +DI over -DI (BUY) MACD line entering bullish zone (BUY) Volume based indicators:- CMF showing convergence since 3rd of March (BUY) Ichimoku cloud strategy:- Price crossover above cloud (BUY) Tenkan sen crosses above kijun sen Targets:- 1st target:- 224 2nd target:- 227 3rd target:- 232 Notes:- I am currently using the a free account and so i cannot attach an external link showing the above confirmations of all trend based, volumes based and momentum based indicators, it would be really great if you help me gain some Reputation Points which will enable me to post my analysis in dept Charts. NSE:PHILIPCARB
P
by LONGCLAWWW
Nifty C wave Pending of FallNifty short near 14730-40 zone where 2 of C is expected to complete with SL 14780. Or on confirmation fall 14649 break for downside target 143360-200-100 3-4-5 waves are imaginary and can change DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
Astrazeneca starting 5th WaveStock moved 14% last session with 2931 stop loss we can ride 5th wave for given targets on chart DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))-------------------------------
NSE:ASTRAZENLong
by Niftydirection
Adani Enterprises 5th of Wave ASell on 977 break for 947. Stop loss will be high of previous candle breaking 977. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))-------------------------------
NSE:ADANIENTShort
by Niftydirection
Tata Steel Ending diagonal in 5th WaveTata Steel started fresh impulse post march 2020 lows. It had retraced deep from previous high 748 to 250 levels. Currently 5th of Impulse is ending diagonal with upside range towards 893 and all time high 902. If breaks 902 which is tough if will head towards 1100 chart may be re posted with updated targets 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. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description. -------(((((Please 50 LIKES)))))-------
NSE:TATASTEEL
by Niftydirection
JSW Steel Extended 3rd and 5th Waves and Channel ResistanceStock has spectacular rally after March 2020 lows due to extended 3rd and 5th Waves. The channel has been drawn between mar 2020 lows and previous all time high. Now V of 5th is ending diagonal and Negative divergence seen on MACD. Break of lower channel line of ending diagonal would confirm downside which is expected to go 0.618 or more. Alternative to this analysis If stock moves past 460 it can head towards next Fibonacci extension points 485/524 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. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description. -------(((((Please 50 LIKES)))))-------
NSE:JSWSTEEL
by Niftydirection
Asian Paints 5th wave startingLong zones 2500-2400 stop loss 225 Target 3100-3150 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))-------------------------------
NSE:ASIANPAINTLong
by Niftydirection
2
IFB Industries 5th wave Long near 1070-1100 SL 970 target 1700+ DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))-------------------------------
NSE:IFBINDLong
by Niftydirection
2
SAIL Ending diagonal in 5th waveLong 75 stop loss 67 targer 92-112 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))-------------------------------
NSE:SAILLong
by Niftydirection
GBPUSDKindly watch down for the Key fib level 0.5. Right now we are in a favorable selling momentum to the marked levels. Despite the fact that the support that created along the bullish cycle. we have to be keenly observing the Golden Fib levels cause the uptrend can also be broken and then we might have a huge bearish momentum. if not Long term Idea is still bullish on GBPUSD. Disclaimer: Kindly do your own Analysis before placing a trade. The above expressed views and analysis are my opinion.These are not financial advice and I am not responsible for your own actions.
Short
by Paulwilkerson
Bata at lower channel lineDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))------------------------------- Bata trading in corrective channel and about to commence Z wave. If this is corretive wave the will stay in channel otherwise in case of channel break it will be termed as impulse wave. Support zone 1450-20 Stop loss 1288 Target 1890-1900
NSE:BATAINDIALong
by Niftydirection
2
Banknifty consolidation Triangle wait for breakout (fixed count)DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))------------------------------- Banknifty consolidation since many days and looks fitting triangle pattern or flag with pennant . Stop loss 34893 Wait for confirmation close above 36464 for given targets of 38400 and 40k
NSE:BANKNIFTYLong
by Niftydirection
Banknifty consolidation in Triangle breakout awaitedDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))------------------------------- Banknifty consolidation since many days and looks fitting triangle pattern or flag with pennant. Stop loss 34893 Wait for confirmation close above 36464 for given targets If wave 3 extends beyond 1.618 levels then 50k is no big deal.
NSE:BANKNIFTYLong
by Niftydirection
4
SBI 5th Wave ProjectionDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))------------------------------- Long on dip towards 370-60 Stop loss 300 Target 500-540 Not recommended to take FnO positions based on this analysis
NSE:SBINLong
by Niftydirection
Tv18 attempting breakoutDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))------------------------------- Stock can go towards 57. If successful in breaking parallel chennel drawn with big volumes then new lifetime high can be expected. Long at near 32-33 with Stop-loss 27.2
TLong
by Niftydirection
GNFC Channel breakout with volumeDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The 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 --------------------------(((((LIKE)))))----------------------------- GNFC has rising volume and broken out of consolidation of parallel channel. Entry on any dip or channel test 280-260 with Stop-loss 235 for target 360, 460+
NSE:GNFCLong
by Niftydirection