Index corrected 20% from top. Strong support on lower level's. Clear sign's of bottom formation and breakout is evident. Falling Channel breakout and consolidation near breakout zone is giving strong confirmation. MACD and Rsi too supportive. Rally ahead. Pullback's is excellent entry point's here on.
Can us100 retrace on 0.5 fib level Lets wait and wattch i really want it to be retrace on this level......
NSE:NIFTY chart as per Elliott Wave Analysis. Here Wave 5=Wave 1. So an impulse should be ending here near to 15300. You can check our TVC:SPX analysis too.
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price is settling at the support bar and possibly bouncing back to the 0.50 level of Fibonacci retracement . looking for a buying OANDA:EURCHF opportunity in this pair on Monday. Have a nice day to all.
Dow jones short idea. It may test 29585 soon. It break trend line support and sustain below this, so it may test 200 sma near 29585.
Setup Contains: 1. Bullish to Bearish market Shift 2. Return To Orderblock 3. Fibonacci Retracement 79% FOLLOW PAFX & TRADE LIKE BANKS 💸
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.