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...
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
H & 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...
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 Fibonacci 61.8% golden ratio reached but this time we will get better setup then only swing in Nifty.
RHI 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...
Bullish Bat Pattern Completed, onwards to potential targets. First Target Achieved = 0.236CD Next Targets - Golden Zone 0.382CD, 0.5CD, 0.618CD
Bullish 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 it may bounce from 17122-17099 future levels
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 only. Focus on price action as well with Fibonacci.
Titan 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
The 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
NSE:CNXMETAL Metal stocks are bottoming out in wave 2 correction. Shall be heading in wave 3 higher. Bought couple of them today.
Change of Fibonacci with each swing explained. Analysis of current swing of Nifty and its level are also explained.
After 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.
breakout + fibo + rsi showing kotak targets at 1795-1800-1810 disclaimer - trade @ own risk
Cipla 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.