Fibonacci Retracement
NAVNEET EDUCATION - 57% RETURNS!!!BUY - NAVNEET EDUCATION
CMP - Rs. 91
Target - 1: Rs. 125
Target - 2: Rs. 145
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Technicals - 1) Harmonic Patterns - Bullish Bat
2) Fibonacci Retracements to identify potential targets.
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Comment: 1) Stock is in consolidation.
2) Target 2 will be achieved after 1 year.
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COFORGE - 22% RETURNS???BUY - COFORGE
CMP - Rs. 3901
Target - 1: Rs. 4219
Target - 2: Rs. 4781
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Technicals - 1) Harmonic Pattern - Navarro 200
2) Formation of Morning Doji Star Candlestick pattern indicating bullish reversal.
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PIDILITE INDUSTRIES - DESPERATE TIMES !As you can see, PIDILITE INDUSTRIES is at a major support level .
Will it maintain support?
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Case - 1: If the price breaks above R1 - Rs. 2370, then we will see an upside in the stock.
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Case - 2: If the price breaks above S1 - Rs. 2260, then there will be further downside will be expected.
In such a scenario, the price will fall to S2 - Rs. 2175, as denoted by the Harmonic Pattern.
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AmbujaCem at a supportNSE:AMBUJACEM
THE stock at a good WTF support level with 0.5 fIB Zone
RSI at a 40 support good
good to trade if candle closes good
Trade Idea on Ambuja Cement with Price action notes In the above chart, the price action goes like this.
1) 50-60% Fibo retracement zone - Stock after a substantial fall getting lots and lots of demand from this zone
2) Its fibo retracement - Used from a swing low to swing High
3) Its called a counter trendline - stock currently getting demand on the extended CT, as a result of breakout and bigger time frame retest
4) It's called a trendline, made from a swing low point to another swing low, extended forward, giving a demand zone
5) Its called a Confluence zone, Candlestick pattern is bullish pressure, lower wick multiple rejection on W time frame and cluster of many other demand areas
6) 3 Yellow lines are potential Target zones from CMP.
U.S Dollar currency Index U.S Dollar currency Index:-It form H&S pattern on monthly chart. It may start to correction from here.
US 10 yrs Govt Bond Yield:-It is near major resistance 4.13%.It may start to correction from here.
Nifty has inverse relations with above both, so it may start to bounce from major support level. Nifty major Support level 17122-17099
TechM may consider for BuyH & S Correction is almost over (It is not necessary that after H & S correction, it may move up)
After the present market corrections, one may consider for entry
Also note that it is already retraced 61.8 % from the top and is started to move up ( A normal concept only)
Present RSI is 45.3
Two expected targets for short / long term is given.
Disclaimer: It is not a recommendation. Study yourself before any entry.
NIFTY OUTLOOK (Resistance at 17774 - 824)NIFTY on EOD basis has given a good closing above its previous day high. This is always considered to be a very good bullish pattern.
The upcoming resistance will be at the zone of 17774 -17824 (50 Points) . The Fibo retracement of 0.33 lies in this zone too. A breakout above it will lead the Nifty towards 18071.
CHART & ANALYSIS
ADARSH DEY
Nifty 61.8% golden ratioNifty Fibonacci 61.8% golden ratio reached but this time we will get better setup then only swing in Nifty.
RHI - Invertered Head and ShoulderRHI Magnesita is in uptrend forming Higher High and Higher Low in longer time frame.
Price has revered from important and Golden Ratio of Fibonacci - 50 and 61.8.
In shorter time frame it formed Inverted Head and shoulder chart pattern which indicate that price will continue their uptrend in shorter to mid term trend.
If price pierce the neckline above 645 then one can initiate a long position with SL 637 and Target of 740, 820 and 900.
Tube Investments - HarmonicsBullish Bat Pattern Completed, onwards to potential targets.
First Target Achieved = 0.236CD
Next Targets - Golden Zone
0.382CD, 0.5CD, 0.618CD
ION EXCHANGE - LONG TERM - HARMONICBullish gartley pattern completed on daily TF. Potential targets on reversal marked with Fib retracement of CD leg.
Also, a major demand zone is present at reversal levels. Stochastic RSI and RSI 14 indicate reversal too.
Nifty trading in parallel channel. Nifty trading in parallel channel it may bounce from 17122-17099 future levels
TCS FOR SWING TRADE.I think TCS is now in uptrend you can consider this.
it forming HH-HL pattern it gives very low risk entry.
HCLTECH Analysis- Why not to enter based on support or fibo onlyHCLTECH Analysis- Why not to enter based on support or fibo only. Focus on price action as well with Fibonacci.
TitanTitan has formed Doji at FIb 61.8 and taking support at RSI
Disclaimer : I am not SEBI registered analyst kindly consult your advisor befor taking any trading decision
Nifty possible corrections near 18270The chart shows the reversal point
If Nifty reverses near 18270,
- possible to reach 17770, 17610, 17460 levels
If it crosses above 18270,
- possible levels are 18620, 19000 levels
Note: Given for study purpose
Change of Fibonacci with each swing explainedChange of Fibonacci with each swing explained. Analysis of current swing of Nifty and its level are also explained.
Buy PERSISTENTAfter a long correction, a good rally is on.
The expected price level is shown in the chart.
Another correction may be there at 4742.
Presently is in a triangle Break Out.
Note: Information given here is for study purpose and not intent for a trade.
Long -Kotakbreakout + fibo + rsi
showing kotak targets at
1795-1800-1810
disclaimer - trade @ own risk
Cipla Fibo retracementCipla has given closing near 37.8% and with good volume. I think we can see 1050 in coming sessions and then 1075/1100.
Looking very strong.
