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Fibonacci Retracement

Nifty 50 Visualizer is BEARISH!⚠️Attached: Nifty 50 Daily Chart as of 19th April 2023 In the above Nifty 50 Visualizer Chart, I want you to pay attention to 3 things: 1) Trend Lines 2) Fibonacci Retracement 3) RSI This is quite a Self Explanatory Chart but for those who don't get it, here are a few points for explanation: - Notice how Price has reacted around the Trend Lines and the Marked Arrows indicating the same - Price has stalled at 0.5 Fib Retracement of the Decline that started in December 2022 - Daily RSI has failed to surpass the 65 level, within the territory of a Bear Market Rally Based on the above weight of evidence, Price can potentially see a Decline back down to the Next Trend Line Support which also coincides with the Unfilled Gap Area
NSE:NIFTYShort
by T_Harth
Borosil renewable is an example of a textbook patternWeekly analysis of Bororenew stock can be analyzed as a beautiful representation of flag and pole pattern. The flag is a falling wedge pattern and currently is nearing the breakout zone which is also its 50% fib retracement level. The daily time frame chart of the stock is signaling a bullish breakout and the risk to reward is very attractive. Fundamentally, this stock is one of the best picks for renewable sector. You can study the chart and invest as per your own analysis.
NSE:BORORENEWLong
by chartistamey
SONACOMS - 90% RETURNS!!!BUY - SONACOMS CMP - Rs 422 Target - 1: Rs. 593 Target - 2: Rs. 806 . . Technical - 1) Bullish Cypher Harmonic Pattern. 2) The stock is at support. 3) Targets have been set using Fibonacci Retracement. . . Fundamentals - 1) Company has opened a new manufacturing plant in Pune. 2) 62.66% YoY growth in EPS. 3) FII holding has increased QoQ. 4) DII holding increased by 8.4% QoQ. 5) The high-value, the high-margin product portfolio is likely to help the company outperform the industry. . . Comment: This chart is for educational purposes only. . . Follow me for more!
NSE:SONACOMSLong
by nilakshgupta
Nasdaq 100- Double TOP!Attached: Nasdaq 100 Daily Live Price Chart as of 28th March 2023 Pretty Straightforward Chart: - Price rejects for the 2nd time at 0.382 Fib, this is a Double TOP Sell Signal - Elliot Wave Count shows Corrective Bounce complete in form of WXYXZ with C wave of Z being an Ending Expanding Diagonal - Price puts in a Higher High but RSI puts in a Lower High, aka Divergence Holding below the round figure level of 13000, the Nasdaq (NDQ) is a SHORT for a Downside Target= 11700 & below...
TVC:NDQShort
by T_Harth
BEL Paving way for INVERTED CUP & HANDLE ??!!!Chart pattern insist me the above titled opinion Reasons 1. BEL is in formation of a Inverted Cup & Handle (Handle in progress) 2. Lower high and Lower low formed (confirming bearishness) . 3. Gap b/w 15th & 16th Day candle can act as Strong resistance. 4. Target & SL levels mentioned @ Chart. 5. BEL may take support @ Green trendline (Major Support from 2020) . Let's wait & watch how it moves!!! Note - Just sharing my view...not a tip nor advice!!!
NSE:BELShort
by mmjimm