Get started

Fibonacci Retracement

Ambuja Cement giving a break down of Head and Shoulder.The stock has given a nice break down of the Head and shoulder pattern. The markets are in the negative and the stock has given 40% (approx) returns in 30-35 days time. Stock has broken the neck line of the of the pattern and closed below it. The stock has closed below its 50% Fibonnaci levels. Wait for the stock to retest the price level of the neck line and watch for the price action near the levels for shorting the stock. The targets and Stop loss are mentioned in the chart. An intraday and swing trade can be initiated in the stock. Wait and watch the candlestick pattern for carrying on the trade.
NSE:AMBUJACEM
by TheMamboMomentum
1
You Might Have Heard A Lot About This Hey Everyone, Today we are again with a lot of information and a bunch of topics, so consider following us for regular ideas and market updates Let's go Strictly into the idea So What is a Fib Retracement ? Now You might think it is just making lines and deciding on support or resistance but it's way too far, as shown in the thumbnail " The Major Levels " it means the levels that can be a support or resistance and can be found easily as shown. So Now we have learned What is Fibonacci Retracement, Now Let's Know How to use It ? To use fib retracememts we need to first find a low and a high level and then set 1.000 and 0 and then just seek at The Major Levels to Trade. This was just an overview if you want a more detailed idea in which we will discuss Fibonacci Extensions , Fibonacci Number and Lines tell me in the comments and i will do for sure Thanks Bye - Bye
NSE:NIFTYEducation
by MAYANKTECHRESEARCHING
2
Multidimensional Nifty Analysis !!!Due to the strong bearish candle on Friday's session, the Nifty has formed a bearish engulfing candle on weekly charts which indicates exhaustion of the uptrend. Is this so? let's take a multidimensional view Nifty has passed below 20DEMA above which it was taking support in last few days which is a sign of weakness and a signal of strength exhaustion. Nifty has also formed a double top along with RSI divergence which further is a bearish signal though the pattern isn't confirmed as a breakdown comes below 17300 but the divergence is not a good sign. A pitchfork is drawn from the beginning of the up trend and you can see Nifty respecting the pitchfork. Now it's on the support of pitchfork and there is the max probability that we can witness bounce from here. Also, the Nifty has reached very close to the Fibonacci retracement level of 0.236 i.e. 17407, and along with this there is strong support for the 17500-17400 range. From the above observation, we can conclude that trend exhaustion will be below 17400 and below 17300 we can begin a downtrend. Now, to resume the up trend Nifty has to cross above 17650 i.e. 20DEMA.
NSE:NIFTY
by Chaser30
Nifty Yet to Finish Correction?Marked are waves from Covid low towards top as 5 wave impulse structure. Price from Covid low crossed 0.236 by good margin so next is 0.382 Fibonacci near 14300 While making low of 15183 price got thrown below channel the balance has set when price made high 17992 and was thrown above channel. Wave II of larger degree is currently in progress from 18605 and it is mostly likely is unfolding as more complex correction. If its really is wave 2 then it usually retrace towards previous wave 4 which is near 14300!! The more non-violent case can be small low near 15183 may be 15000 :) Nifty failed to break swing 18115 and dropped sharp from 17992 in straight line and pulled back slowly upto 17726 refer 1 hr chart for dominant trend. Confirmation 1: Break below 17345 Swing Confirmation 2: Fall crosses 1.618 Fibonacci If crosses 1.618 levels in above chart then it can be considered larger fall in progress Caution: Everyone has different perspective to look at markets, Just like all five fingers of hand can't be of same length so is the view of market participant. Only give it educational angle to this analysis never take financial decision someone else analysis do your own Only doubts will be answered any needless/baseless comments will not be entertained. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
3