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...
There are some reasons for shorting Nifty, Reasons :- 23.6% Fibonacci rejection level, Rising Wedge, Multiple time tested support zone, Rejection zone, There is a High Probability of breaking support.
keeping 17780 as stop looking for targets 17920 - 17960 - 18000 forcaste based on harmonic stop and target as per fibo disclaimer - trade @ own risk
The 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...
I am a fan of Fibonacci retracement. I have backtested 50% retracement like hundreds of times. Also in this BINANCE:FETUSDT trade price has retested support zone. Entry 0.2050 Exit 0.2550 SL 0.1850
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...
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 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...
a 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...
Bank-nifty is taking support of trendline. It may revert from here and can test 43500 and 44000 soon
Petronet LNG trading in Triangle pattern It may correct soon.
HUL is taking trendline support. so, it can long for target 2870 soon
If we take two recent swing lows and swing highs and draw Fibonacci Retracement levels for getting a clear idea of possible retracements then there are following possibilities. 1. Nifty has two retracement levels in close proximities, which coincides with each other. 2. First Retracement level of 18030-18080 is already completed. If Nifty Sustains, will move up....
BSE LTD is a BUY @ 604 Defined RR With auto Fib targets as.. SH TM (3-12 weeks) - 710 (17%) MD TM (3-6 months) - 789 (30%) LT Targets 1040+ (72%+) Strict SL @ 530 - (-12%)
JK Cement ~ 3095 Level Act As Hidden Resistance Near ~ 78% Fibonacci Retracement, Sell With Stop ~ 3140, Target ~ 2900, Dec Expiry.
Bank nifty future form H&s pattern. It may correct up to 41730 so sell on any rise up to 42950 and more short 43260 future levels.
bata is now entering demand zone stock was in pressure for last few weeks can show a pullback move now from here owards with stop at below 1550 it can zoom higher towards 1840-1870
US Government 10 yrs Bond Yield form Double bottom pattern on weekly chart it may rise up to 4.00 level. Market may correct deeply soon.