Nifty on weekly time frame still not touch the 38.2% FIB level. Possibility it will touch then pull back but this pull back will not be good as per technical Price action analysis until it hit 50% fib level.
There's a clear indication of bearish divergence in this script as we can see here Price is making Higher Highs and the RSI is making lower Highs. Also, there's a retracement pending after the 10-year breakout of the price from 2008-2010 Highs. We can see 160 levels in the coming months for this script. This analysis is purely for educational purposes!!! Please do...
USDCAD 4H chart looks bullish TP 1 > 1.26632 TP 2 > 1.27 On applying Fibonacci retracement it show a accurate resistance level at 1.27 may be looks bearish after hit the 50% level of retracement
Crude oil is at major resistance near 9374-9476 can short here for target 8899 in 2-10 days with stop loss 9530
we are expecting it to take some liquidity to mitigate the 50% of the ob to finally fall below it's HTF support level!
ITC - short term trade - Support & Resistance Buy when open and closes above resistance line - above 278 Target 1 - 282 Target 2 - 286 Target 3 - 290 Lower level support at 264 Strongly trying to break the Lower trend... Educational purpose...
cochin shipyard high volume candle HL : 354.9 & 326 Golden ratio level near 294 it will get boost above 355... wave analysis given on chart... waiting for 3rd impluse wave to start.. views are educational
Nifty is currently taking support from previous week high which is near 16400 and a break below this can take nifty to 16200 which is the last support for the index post this we can see nifty at 15900-15800. On the upside resistance is at 16970 & 17200 which are also near Fibonacci levels of 0.5% & 0.618%
indiamart completed wave 1 from 1103 to 9950 and right now wave 2 (c) last wave on and pause near golden fib ratio 61.8% one should keep this on radar breakout of triangle pattern will give confirmation of completion of wave 2(c) and start of wolf wave 3
Banknifty recovered up after fall from 34820. Currently wave 2 of zig zag in progress. Risky option would to go short near 34700 with SL 34820 or can wait for confirmation break of 34530 for downside fall minimum target 34000. Wave 3 will go beyond 1.618 fibonacci extensions level. Channel break needed for sharp fall so watch as plotted on...
LT gave a good breakout of the trendline & is now on its way back down to retest the trendline. The ideal place to buy will be between 1585-1600 as it is also the retracement into the fib golden zone of its last move up. the recent import duty cuts on raw materials like Iron & levy of export duty on steel products should also be of benefit to the stock.
NSE:ASHOKLEY shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 149.15 Target 1: 134.20 Stop Loss: 118.65 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...
NSE:MCDOWELL_N Stock -> United Spirits (McDowell) TimeFrame -> Weekly Hello all! United Spirits broke out of the symmetrical triangle pattern on 27 September 2021. The stock since then has been consolidating ever since thus forming a flag and pole pattern and has now finally come to retest the triangle it broke out of. It makes for a good opportunity to go...
NSE:TATAELXSI shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 8345.00 Target 1: 8200.80 Stop Loss: 8052.0 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...
If it breaks the 450 level, the immediate target is 455 and next big resistance level is 468 which is 2nd target.
Crude oil again at major resistance 115. It may again correct from here.
Makkale focus mindtree for swing. Expecting good ROI around more than 12%
NSE:GAEL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 470.20 Target 1: 383.50 Stop Loss: 286.85 𝑫𝒊𝒄𝒍𝒂𝒊𝒎𝒆𝒓: 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...