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Fibonacci Retracement

Samvardhana Motherson InternationalHello & welcome to this analysis A rank outperformer from its listing back in 1999, stock has a history of doing deeper retracements and then following it with much stronger rallies. Currently in the monthly time frame its forming a cup & handle pattern that suggests accumulation for yet another strong upside. However, in the short term it could see a dip if current support levels are broken. Overall a strong stock in lower time frame consolidation/correction. Happy Investing
NSE:MOTHERSON
by Dinesh_C_Nagpal
4
Can you predict such falls? Fibonacci Retracements - (bad audio)Market fall may have taken few by surprise, but followers of price action techniques should have this scenario in their plan. Trend analysis (or Elliot wave analysis) along with Fib Retracements could be of enormous help if used in tandem with price action. They at least give you minimum target and levels, so that you are able to ride the trend and also do not make impulsive entry decisions. (Disclaimer: the audio quality is really bad. Somehow the system is not allowing external mic and using internal mic which is capturing lot of noise. Tried typical methods but not working. If you have solution let me know)
NSE:NIFTYEducation
by jay21shah
Nifty on a monthly expiry - Short or long? Bears in control?Hey Guys! AS you can see nifty is moving in a downward channel, and is currently at the resistance. From here we can expect the next fall. The past two days Nifty has been consolidating within a range and is unable to break the range on either side. It tried to break upside multiple times but faced strong resistance, and in the last 30 minutes the bears decisively sent a message that they are still in control. If Nifty opens Gap down tomorrow, we can expect a huge fall with targets of 16951 and 16774. One can enter on opening with SL around 17333. However, it is important to trade based on the market movement and not have a pre fixed routine. In the event it opens flat or gap up, depending on the first 15 to 30 minutes, there can be a break out on the upside. this will be the start of a fresh bull run. Therefore, it is important to see how nifty moves in opening and trade accordingly. For long positions, enter only above 17300 with SL at 17170. Happy expiry trading. Hope all of you make a lot of money and have a wonderful start to the new year! *educational purposes only*
NSE:NIFTY
by AM_Tradepicks
How to think like a trader and gain 8% in BPCLFollow me on trading view : in.tradingview.com This is a series where we discuss stocks recommended by you guys: Just comment on the fav stock you want analysis on or DM me ;) 👑 Terms used if you don't know : ✣ Contraction pattern: A pattern starting with a broadening high candlestick and low candlestick and converging to a fixed point, these highs and lows created in between them are bulls vs bears fight going on inside the pattern and if it comes to the lower part of it, surely bulls will take it to the topmost point and vice-versa until one of them wins ✣ Structure and trend: Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a trader's success in the market. While uptrends show a series of higher highs and higher lows, downtrends show lower highs and lower lows ✣Breakout: Breakouts are commonly associated with ranges or other chart patterns, including triangles( HERE WE WILL SEE THIS ONE ), flags, wedges , and head-and-shoulders. These patterns are formed when the price moves in a specific way which results in well-defined support and/or resistance levels. Traders then watch these levels for breakouts ✣ RSI DIVERGENCE: A bullish divergence occurs when the RSI creates an oversold reading followed by a higher low that matches correspondingly lower lows in the price. This indicates rising bullish momentum, and a break above oversold territory could be used to trigger a new long position. ✣ Supply/ Demand: In the supply zone , the prices are higher than the bid price, and in the demand zone , they are lower. The bid price is what a trader is willing to pay for a stock 👑 Important levels - explained well 👑 Comment your thoughts and queries regarding anything on this analysis of mine, feel free buddy :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
NSE:BPCLLong
by Averoy_Apoorv_Analysis
15