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Fibonacci Retracement

Concept of Soft,Hard Landing feat Adani Enterprises 1 ) Monthly Time frame story: This story tells us about the fibo retracement - From the start of the journey of its price action till date, it has given a solid return - Retracement was always pending in this stock. There can be two types - soft and hard landing type retracement 2) Stock has retraced almost 50-60% of its total lifetime move - Only Issue is Daily time hard landing retracement Soft Landing - Stock moving with a zig-zag type formation, that is, making lower lows with lower highs, taking time to reach 50-60% retracement levels, is what we call a soft landing in this contraction cycle of stocks. Hard Landing - Stock falling directly with big 20-30% falling bars in a single day and continuing this next day with increasing volumes tells the story of a hard landing, meaning no new positions are made in between, and only selling side pressure increases without any backing from bulls at all. 3) Execution: The plan here can be that after Hard landing like in the case of Adani stocks, we need to be patient and mark important levels - Here I have made on the daily time frame 2 patterns - Triangle and W bottom, many other fomrations can be there ( it should be a bullish pattern at this stage, that's all ) A breakout of out it can be played with a small investment amount ( This is not an advice, so consult your fin advisor or take decision on your own trading style ) Good luck
NSE:ADANIENTLong
by Averoy_Apoorv_Analysis
HCLTECH SWING TRADE ON BREAKOUTThis Is A Pure Technical Analysis Of hcltech 1)The Stock Has Taken An Amazing Support At Fibonacci Retracement Of 50% In Weekly And Daily Time Frame. 2) It Has Been Forming A Really Convincing Cup And Handle Pattern And Currently Trading Above Breakout Of The Pattern. As We Can See In The 15 Minutes Time Frame Picture (please Check The Numbers Marked On The Picture):- 1) The Stock Has Been Consolidating Above Key Support Zone (acting As Support Zone From August 2021). 2) The Stock Is Forming A Triangle Pattern And This Pattern Has A Win Rate Of Over 70%(as Per Google Research). The Breakout Can Be A Triangle Pattern Breakout And A Range Breakout Hence 2 Confirmations That Bulls Are Strong. 3) The Stock Has Formed A Strong Green Candle(extremely Bullish Candle) And Has Closed In The Upper Part Of The Range Above A Key Level(marked On Chart With Yellow Zone) 4) Let The Stock Take A Hit From Sellers (marked Red Zone) And Then Retrace To Take A Support. We Will Enter At The Breakout Of Most Recent High. ENTRY : 1144 SL : 1100 TARGET 1 : 1200 TARGET 2 : 1350+ Disclosure : I am not SEBI registered.The information provided here is for education purposes only.I will not be responsible for any of your profit/loss with this channel suggestions.Consult your financial advisor before taking any decisions.
NSE:HCLTECH
by Shaed61
1
WAVE STUDY AND INDICATOR CONFIRMATIONCRISIL seems to have completed the correction at least for a shorter term. Wave counting is clearly mentioned on the chart. I request you not to get confused with Wave 2 as it is lower than the initiation point of Wave 1 but visible in Candlestick Chart. As the correction of Wave 2 have been really sharp ie. It was completed in 8 Days with 609 Points of Up move, that is why the Wave 4 is Sideways ie. It was completed in 64 Days with 438 Points of up move. Wave 1 , 3 & 5 are in Fibonacci Time zone sequence. Wave 1 has taken approximately 13 days for completion, where as Wave 3 has taken 32 days and Wave 5 has taken 105 days. If the mathematics is done the ratio stands to be at 1:2:3 Approximately. Hence it is a well structured wave. Wave 5 for downside seems completed now. It comprises of 5 minor waves and the end is a Truncated Wave. Where the bottom of Wave (iii) & Wave (V) of Wave 5th are same .Explaining the reasons for the truncation will take longer, so let’s skip the theory. Few key indicators that we should focus on are ROC, RSI & Candlestick Pattern . ROC: ROC (21 Days, Close) has breached the EMA ( 21 Days, ROC) during the formation of the bottom of Wave (iii) of Wave 5th but has taken a good support over EMA ( 21 Days, ROC) during the formation of the bottom of Wave (V) of Wave 5th. This is a sign of bullishness that cannot be ignored. RSI: RSI (14 Days, Close) on 9th Nov at the bottom of Wave (iii) of Wave 5th was 28.25 and on 7th Dec at the bottom of Wave (V) of Wave 5th the RSI (14 Days, Close) was 31. Hence such pattern is called Exaggerated Divergence as the bottom of Wave (iii) & Wave (V) of Wave 5th are same but in RSI a higher low is formed. Candlestick Pattern: An upside reversal is better marked with a close above previous day high and a low above previous day low. Of course this happened on 8th Dec and last time when the same happened was on 10th Nov during initiation of Wave (iv) of Wave 5th . If we take a conservative approach the first expected target should be 3138 as per Fibonacci Retracement basis. SL should be below 2800 on closing basis. CHART & ANALYSIS ADARSH DEY
NSE:CRISIL
by AdarshDey
DETAILED TECHNICAL ANALYSIS ON CAPLIN POINT LABORATORIES.Few pointers from my analysis on CAPLIN POINT LABORATORIES: 1. The stock has consolidated in the Triangular pattern and currently near its major support. 2. The major support trendline is near 0.382 Fibonacci level, thus has done healthy retracemet. 3. The Horizontal support is broken on the downside, however on lower volumes. Conclusion: The current setup is awaiting price confirmation by breakout of the resistance on Triangular pattern with high volumes and Breakout of RSI above 50. Overall setup is bullish however entry can be taken prior to the confirmations. Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
NSE:CAPLIPOINTLong
by saikrishna9999
AUDNZD - 1H PROJECTIONDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
Short
by Azif123
BULL RUN Resumes in Metal stocks ? Tata Steel breaking out !!Tata Steel is trying to break out of the long Consolidation (1.5Years+) It did a breakdown on 23rd Decemeber but immediately reversed which suggests a furious move on the other side. It was also the 61% Retracement of recent trend. Important Levels: For Long term Investors: It should not Close and sustain below Rs100. Trade below 100 opens up the areas of Rs80-85. For Short-medium term traders: It should not enter into the triangle zone again. Entering in it will suggest the lose of momentum and a trader must exit if it happens. On upside: 130-135 seems to be the first hurdle zone for Tata steel. But, according to the long term chart structure, it has a very long way to go. I am expecting a new ALL TIME HIGH SOON till the downside levels are saved. NOTE: These are for educational purposes. No Recommendation.
NSE:TATASTEELLong
by Akshat9
TIME CYCLES & PRICE STUDYThe correction in HIKAL LTD seems to be done, the wave counting has been mentioned in the chart. Currently the stock is trying to a time wise correction and has consolidated for a time being try to form a rounded bottom structure and taking support on a curve during the correction phase. Interestingly HIKAL LTD has a trading cycle of forming a low in every 88 trading Sessions or roughly 128 to 130 days. Lows has been plotted in Rectangular plots and the time between each low has been plotted using date range in the bottom of the chart. However after the low is formed, the high is formed within 43-46-50 trading sessions ie.60 to 70 days. The expected date for recent low formation was 17th Nov 2022, although the low was formed one month back on 26th Sept 2022 but still the stock was not rallying and lying roughly on the same level. Surprisingly on 17th Nov 2022 the stock made a low near the closing price of 26th Sept 2022 showing a support and the importance of the low formation cycle of 88 trading Sessions. That’s the power of Time cycles . But after 17th Nov 2022 the stock has been forming higher lows and even an Ascending triangle. Isn’t it interesting that after 17th Nov 2022, the stock gives a clearer picture of curved support and also forms an ascending triangle showing bullishness. It’s already been 13 Trading sessions or 19 days over after the Low formation date of 17th Nov 2022 so the stock is expected to do good in the month of December as roughly 40 to 45 days are remaining for the new expected high.A good up move can be seen once the breakout occurs. On a conservative approach using Fibonacci retracement the target stands to be at 416-420 with a SL below 335 on closing basis. But it is always advisable to enter once the breakout occurs and there is a proper confirmation for entry CHART & ANALYSIS ADARSH KUMAR DEY
NSE:HIKAL
by AdarshDey
7
SIEMENS Ready for a Sharp CORRECTION MOVE ??!!!Chart patterns poise way for the above titled opinion Reasons 1. SIEMENS travelling in a Ascending channel (From 2019)(Bright red & green lines shown in chart). 2. Now, it seems ready for the downswing (white trendline descending channel shown in chart) inside the Ascending channel. 3. Rounding top too confirming the chances of down move . 4. GAP b/w 6th & 7th December is acting as Support. Entry can be made after the yellow trendline gets broken.(Keeping the high of the breakdown candle as SL) FIB 0.5 can act as support in downside(1st target)- 2645 Safe SL mentioned @ chart.(IF WE ENTER NOW) Let's wait & watch how it moves!!!! Note - Just Sharing my view...not a tip nor advice!!!
NSE:SIEMENSShort
by mmjimm
BANKNIFTY BREAKDOWN OF INVERTED CUP & HANDLE ??!!!Chart Pattern depicts the situation clearly. 1. BankNifty travelling in a Descending channel(bright red and green lines shown in chart) 2. Inverted cup & handle formed and given a Neckline Breakdown with good volume!!! (and low too got tested) 3. Target can be 0.5 Fib support down ! !(as the depth of the cup measured) 4. 1hr closing above 42200 can fail the pattern and be our SL!! Nifty too in formation of same pattern but not given breakdown!!!and it needs to close below 17800 for this same breakdown!! Let's see how it moves!!! Note: Just sharing my view....not a tip nor advice!!!!!
NSE:BANKNIFTYShort
by mmjimm
NIFTY (TIME & LUNAR CYCLE)The very word “lunacy” dates back to the 15th century when it was believed the moon and its phases could make people become more or less aggressive, depending on its place in the lunar cycle Several studies found a connection between full and new Moons and stock market performance. Generally, stocks tend to perform better in the days around the New Moon, while price weakness is more frequently seen in the days around Full Moon. It was also observed that major market crashes have a history of happening about 3 days before a New Moon. We will try to understand the significance of cyclical movements in Nifty its theory and few previously applied practical executions (that gave precise accuracy) and at last try to predict NIFTY for the upcoming time using the same. Let’s try to put the very same concept of Lunar Cycles and Time cycles in Nifty and draw a conclusion of the possible scenario that could happen in future after drawing a pattern from the past. LUNAR CYCLES IN NIFTY: Every downside rally starts or intensifies with Full Moon Day. If we look at downside rally starting 19th OCT 2021, it started just a day before full moon day and market fell by almost 12%. - On downside rally starting 18th JAN 2022, which started just a day after full moon day and market fell by almost 14.60%. - On downside rally starting 5th APR 2022, which started just few days before full moon day and market fell by almost 16%. - On downside rally starting 15th SEPT 2022, which started just few days after full moon day and market fell by almost 7.5%. - On downside rally starting 2th DEC 2022, which started just few days after full moon day and market fell by almost 5.87% Just Lunar Cycle alone is not enough as these are also confirmed by 55 Days Reversal cycle. This ongoing reversal was well informed before it was initiated .Please check this analysis (dated 2nd Dec 2022) to find the same: The current high was predicted based on Fibonacci Retracement (dated 29th OCT 2022, Target done on 1st DEC 2022) If we look at the past we can see that the process of Low formation takes a time of about 99-101 days approximately, which means in every 99 to 101 days a low is formed where after Nifty rallies upside by a whopping 10% minimum. One more interesting pattern that can be seen is after a low is formed Nifty forms the high in 3 * x number of days, such as 27 days , 87 days or 63 days ( Anything that is a multiple of 3), the remaining days when subtracted from 100, are the days it takes to form the low. It has been plotted with date range in the chart itself. This is how we should try to find a time cycle pattern .But anyways as we have predicted the high with a price and time confirmation successfully, we should be focusing on finding the bottom of NIFTY where we can get a buy opportunity. If we do the Mathematics behind the low formation and high low formation then we will come to a hypothetical result that an initiation of upside in NIFTY may be seen just before or after 6th JAN. Because the previous low formation date was 29th Sept 2022 and 100 days from it is 6th JAN 2022. Expected NIFTY downside levels are mentioned in the chart itself. OR ELSE THE CALCULATION MAY BE COMPUTED IN THIS WAY: The previous low was formed was in 29th Sept 2022 and market rallied upside for approximately 63 days and remaining is 37 days to complete the 99-101 days Low formation cycle. So probably NIFTY may finish the correction near to 6th JAN 2022. This is just an example that how time cycles are needed to be identified by a trader as it is not visible easily. Moreover in predictive analysis the probability of any error is high. So one possibility we can’t ignore is that market may bottom out before the mentioned date but I strongly feel the aggressive upside may be seen only near to 6th JAN 2022. CHART & ANALYSIS ADARSH DEY
NSE:NIFTY
by AdarshDey
5
MFL add to watchlista promising setup but one needs to catch it on green closing above the previous week for best entry for trading and if one wanna buy a great R:R can enter at cmp but with strict SL SL will be closing basis below support zone in weekly timeframe or as per your setup target as per fibo level one can take a sum of profit or trail as per fibo level or there own setup one thing keep in mind its a weekly chart all the target must be follow on weekly basis do u own analysis i might be wrong i am not a sebi registered advisor so trade on your own risk
NSE:EPIGRAL
by suhailafzalkhan