Fibonacci Retracement
MISTANN FOODS LIMITED: UPWARD TREND STARTINGBSE:MISHTANN shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 32.85
Target 2: 39.35
Stop Loss: 26.55
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Banknifty to crack hard in Z waveBanknifty Elliott wave count as shown in charts from wave 1 to 5.
Currently we are in complex wxyxz correction. The final Z wave should be in progress which should break previous low.
The new low is expected to be between 31400 to 30000
The drop from X wave can be looked as Zig zag correction on downside with current wave B in progress and will start C wave once breaks 35511 low as shown in below image
Charts will be invalid if breaks 38766
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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.
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GHCL: LONG TERM HOLDNSE:GHCL shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 748.85
Stop Loss: 625.30
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
nifty head and shoulder pattern formation going onnifty immediate support comes around 16800
right now h&s pattern formation going on of which neckline comes around 16800--775
breaking of the same will bring more weakness...
Temporary bounce or pause possible around 16800
index sell on rise mode
views are educational
Is Netflix headed towards 120?This analysis is on Netlifx ($NFLX) which made a ATH of around 700 and now is present trading at 190 levels. Everything happened so fast, in a matter of just under a month of trading, that many investors lost big money. So what was the crucial level? And where were the supports? Why didnt the support work? Did Earnings alone spoil everything? Markets discount everything and charts have a way of telling the same because they represent unbaised price action. According to my analysis, 540 was a crucial level. A day closing below this triggered a major sell off. The next support was at 340 levels according to Fibonnaci retracement at 61.8%. But it didnt hold. So the next level is around 120!
Good trade - ZEEL - 27-04-22.Hello Guys,
Sharing my todays trade just for a learning purpose for you all and myself too.
I missed the entry coz of my office work. But I got another entry point at retracement.
ANALYSIS & TRADE :
* Overall Downtrend so this stock is in my SHORTing list.
* And triangle pattern gives breakdown all went Acc. to my plan - BUT I MISSED THE ENTRY.
* Because of position sizing and RR wait for a good retracement and thanks to ZEEL its follow price action.
* I entered and this time set an alarm above the target price.
* I was busy with my office work and a HAPPY ALERT BEEP.
* Just starts trailing STOP LOSS and not much but some extra points benefit I took by trailing.
LEARNING :
- Never take entry in a FOMO.
- Its perfectly fine if we miss a trade, NEVER LOOSE MONEY.
- Stick to your trading plans - Never change them.
Thank you so much,
Same look a like trade i took in ABCAPITAL. there also i missed the entry ( Because of a MARUBOZU Candle) - I Never enter in MARUBOZU or parabolic moves. I wait and track the stock and I GOT A DIVERGENCE at next RESISTANCE.
Comment if you want ABCAPITAL trade setup also.
THANKYOU.
POWERGRID - Breakout after reversal - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
DOLAT ALGOTECH LTD: UPTREND StartingNSE:DOLATALGO shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 2:127.95
Target 1:106.25
Stop Loss: 71.30
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
ADANI PORTS SPECIAL: LONG TERM HOLDNSE:ADANIPORTS shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 901.60
Stop Loss: 815. 25
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
COLGATE-PALM INDIA: UPWARD TRENDBSE:COLG1! shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 1663.55
Target 2: 1726.00
Stop Loss: 1546.55
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis. BSE:COLG1!
DABUR INDIA LTD: UPWARD MOMENTUM STARTINGNSE:DABUR shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 570.80
Target 2: 587.05
Stop Loss: 548.55
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
RANA SUGARS LTS : LONG TERM HOLDBSE:MISHTANN shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 44.30
Stop Loss: 34.75
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
VARUN BEVERAGES: Strong upward trendNSE:VBL shows strong buy indicated by PSAR, MACD & Fisher crossover.
Target 1: 1135.55
Stop Loss: 1028.30
𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓:
The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
Can you predict such falls? Fibonacci Retracements - (bad audio)Market fall may have taken few by surprise, but followers of price action techniques should have this scenario in their plan. Trend analysis (or Elliot wave analysis) along with Fib Retracements could be of enormous help if used in tandem with price action. They at least give you minimum target and levels, so that you are able to ride the trend and also do not make impulsive entry decisions.
(Disclaimer: the audio quality is really bad. Somehow the system is not allowing external mic and using internal mic which is capturing lot of noise. Tried typical methods but not working. If you have solution let me know)
Trend Change ?This is Monthly Timeframe.
Finally ITC is showing some strength, sell-off started in July 2017 and
it fell more than 60% from it's all time high and made a bottom in March 2020.
And after that it started a retracement, but the retracement have crossed the 0.50 fibo level,
and now approaching the 0.60 fibo level,
that means it not a retracement anymore. It may be a trend change.
Last month it have formed a thick bullish engulfing candle with good volume.
It is showing strength in this month too.
There is now high probability that it may test 0.60 level, retrace, and then break it.
And that will be a confirmation of a trend reversal.
This post is for information purpose only.