Fibonacci Retracement
📉 📈 USDCHF SHORT📌 ENTRY- 0.9181 (on rejection of fib level)
🚫 SL- 0.92071
✂️ TP1- 0.9151
🎯 TP2- 0.91324
🧑🎓FUNDAMENTALS:
• RISK OFF prevails over random news that gives pullback. (Short Term WAR BIAS)
• Bearish on USD with retail sentiment favoring long 84%.
🕵️Technical:
• 0.618 fib pullback and rejection
• Trendline touch and rejection with EMA 55 support.
⚠️Note: Take partial profits at bottom (TP1) to avoid any overnight volatility.
Nifty Tomorrow wave 3 or C to start UpNifty completed today one five wave sequence up at 17220 then in b or wave 2 correction.
Tomorrow any dip below 17000 to 16980 will get bought in for upside towards 17360-540 levels.
Gap up opening or move above 17100 will be first confirmation of rally 2nd confirmation will be swing high 17175 break.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
US Oil or Crude Wave 4 Expanding flat correctionCrude seems to be in expanding flat correction as wave A of B is clear 3 wave structure and B wave moved past start of Wave A.
Wave C of B is extended 2.618 fibonacci levels. Wave 5 of C of B is getting rejected at 0.618 fibonacci level also MACD have given negative crossover these are couple of negative signals.
Break of swing 88 will confirm downside as it will come out of channel. This will ensure movement towards end of wave A.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this analysis
I may or may not trade this analysis. Details in description.
SHIL - Will it follow the fibo?The price has beautifully respected the 0.618 fibo level and made a strong bullish candle with very high volumes.
If it crosses the ATH, we can expect 700 target.
Nifty and FibIn my pursuit of learning, I found these Fib retracement levels. 50% retracement has already happened once and from the way external risks are emerging, it does seem that another 50% retracement is on the cards from ATH. Please critique, share feedback, comments. This is my observation as part of my learning and doesn't qualify as a trading or investment recommendation.
Nifty at a crucial levelNifty has been trading in an uptrend channel since 25th Jan. The volatility has been high since then due to budget expectations or news. There are wild 300-400 point swings in this channel range.
Nifty has retraced 61.8% of the down wave from 18Jan to 25Jan and facing resistance. Currently Nifty is at the bottom range of the channel. If it takes support here then yesterday highs are possible. The morning low 17480 will be crucial at this time. Below this level we may expect 17230 and then 16900 zone.
Regards.
JASH ENG CONTINUATION PATTERN AND FIBO RETRACEMENT
Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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HDFC lifeHDFC life :
Reasons/Traits :
* Bullish Bat formation can be seen
* It can also be called as Bear Pattern 1-2-3 (Entry stop loss marked); 1:2/3/4 can used as risk reward if it follows
* Price took support @ 0.786 fib retracements levels
* Price also took support @ 200 EMA while 20 EMA cuts 50 EMA from top
* Falling RSI, Stoch and MACD
What can happen next :
Scenario 1 : Price sustaining above 694 level can take it to 700/710/720/740/760/775 levels
Scenario 2 : Price break down below 682 levels can take it 670/656/644 levels
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
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Bullish on Arvee Laboratories when it reaches key support 78.5There are two ways to enter into Arvee Laboratories
1. According to fib retracement there is deep pull back to 61.8% from recent high after a breakout (somewhat risky) --> enter @88 with SL@75 for tgt1@100 tgt2@120
2. The above is a good buy zone, although entering at a key support area between 81.5 and 78.5 will be safer option if it comes down. for this you can enter between given area and can ride to tgt1@90 tgt2@100 tgt3@120
AuroPharma: Resistance turns to SupportAuroPharma has pulled back to a level which was previously a resistance zone near 600. This zone may act as a support now because of a basic principle of support and resistance.
"A resistance once broken on the upside may turn into a support later on. Conversely, a support once broken down may act as resistance later on".
The level 600 coincides with the 61.8% retracement level as visible on the chart. So that is another plus point.
It could be a medium to long term buy with SL below 590 for targets of 797 and then 877. Stop can be trailed higher to 643 if the trend resumes on the upside.
It could also be taken as short term buy with SL below 643 for a target of 730
Disclaimer:
Not Sebi registered
No personal investment in the stock
Jubilant Ingrevia | VCP Pattern | Buy abv 640 for Min30%NSE:JUBLINGREA
Inverse Cup & Handle Support Tested
Pattern Formation (Retracement from Top) with Low Volumes
Swing Trade for Short Term
Buy at CMP for Tgt 620-630
Positional Trade for Mid Term
Buy Only Above 640 WCB for Tgt 840 - 1025
SL : 490 (Strict Exit)
Positive RSI Divergence, will become stronger once weekly RSI>55