Bounce from oversold levelsPositional Buy :
Company : CADILAHC-EQ
Entry Price : 499.75
Stoploss : 449.775
Target 1 : 549.725
Target 2 : 574.7125
CADILAHC above 510 should see a strong rally, as it breaches above 61% retracement levels of fibonacci
Fibonacci Retracement
REASON TO TRADE (COMBINATION OF PARAMETERS) EDUCATIONAL PURPOSEThis stock is showing some good signs of reversals U-Turn in price action.
1) Fibonacci retracement is healthy up to 50% which is good sign for continuation of bigger trend.
2) Price also came at old Support area.
3) Price got support near 200 DEMA.
4) Relative strength index in daily also reversed from oversold area, Now above 30.
5) In smaller time frame (hourly) price shown U-Turn towards up side.
These are some reasons to presume or finding probabilities, nothing works like holy grill in market, but these are really aligned languages in one direction. These scenarios indicates probabilities very well sometimes.
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Nifty Analysis Fibonacci Retracement Base is building around 17000 - 16900 zone price tested 16900 and below in last 2 trading sessions and recoverd back to close above 17100, from here on we can expect sideways or bullish momentum. In case Nifty closes below 16950 then we can see further decline in index till 16600. As of now support is at 17000-16900 and resistance is at 17165 & 17417.
Only for study purpose ... Pink lines - Fib levels ...
Price gave closing above .618 level, If he crosses high of hammer candle we will take entry.
Targets are as shown in the graph and if the price crosses an all-time high there is also one more target.
Were taking entry on the basis of the support zone of FIB level and Hammer candle and there is a big support of 200 EMA.
BANKNIFTY ELLIOT WAVE FORECAST Hello Friends,
Here is BANK NIFTY one hour chart and you can short sell Bank nifty Below 38800 as per Fibonacci theory Bank nifty can go near 37000 level .
Thank you,
Happy Trading
Nifty : A Supporty ReboundThe Nifty took that vital support (for now) per the last analysis (link provided - refer: Nifty Swiftly issued on Jan 23rd, 2022) and is now presenting a rebound of sorts. We try to decode the move and present the Technical Analysis - executive summary for you here.
Analysis framework and tools of choice : Bollinger band analysis, technical support levels, fibonacci analysis
Executive Technical Summary: Nifty fell but took support at crucial 16,900-17000 levels presented by weekly bollinger lower-band, supertrend and weekly technical value zone (13-26 EMAs). The Nifty then got pulled within the hourly bollinger band and is now presenting the fibonacci (fib.) retracement to fib. levels - 23.6% (17,320), 38.2% (17,510) and 50% (17,670) levels - as marked in the charts.
Takeaway: These fib. levels can be used for short term nifty targets with good risk management in place.
Disclaimer: The presented analysis is for analysis and educational purposes only and doesn't tantamount to investment advice.
Story of INDIAMART - Double top Chart pattern around ATH levelIndiamart -- in no time stock turned 10x from beginning level -- showed firm strength during Covid Crash in 2020
Double Top Pattern has forced the price to drop from support levels.
almost 50% down from All time high levels.
Interesting to see how this Ecommerce player plays along the journey.
Banknifty Analysis Fib RetracementAs per price action Banknifty can now go in retracement period according to Fib Retracement. However the pullback won't be long enough as we can see that 37100 is a crucial support level for the index. Speaking on the retracment levels of Fib we can expect price to take support anywhere between 37900 - 37300. While on the upside recent swing high can be a resistance level.
Nifty Fibonacci Retr Nifty dipped below 0.50 fib level and closed above it. 17600 - 17500 is a possible zone where current bearish move could end and we can see reversal, if price doesn't crosses below 17400 then we can expect a reversal which may take Nifty to 18300 and above. Setup will be invalidated if prices crosses below 17400. Support currently is now at 17600 & 17400 while on the upside resistance is at 17770 - 18000 - 18300.
Nifty wave 4 correction to startNifty looks be in deep correction currently in 4th wave which should be flat, triangle or complex correction towards 0.382 fibonacci levels.
5th wave to start after this correction.
Alternative
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.
NIFTY BullishWhy this Trade..??
1. Price formed Doji @ Support
2. Fibonacci 38.2% Retracement
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
SWING & IntradayWhy this Trade..??
1. DOUBLE BOTTOM
2. Broadening Triangle
3. Fibonacci 50% Retracement
Buy or Sell based on the Support Break with Volume
Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
LONGEvery idea given is for educational purpose only, Please consult you broker before taking any trade
fibo breakout already done Looks good on these levels BUY @ 2711
Mid to long term targets= 3350-4000-4650
Long term SL=2052
long if BO seen on weekly chartsalready fibo TGT done (178-213-248.80) , still have momentum to go to 360-472 but will take time....
doji formation with 0.38 supportDoji formation with 0.38 Fibonacci support. If now 18300 breaks, we are heading towards 19.5k-20k.
borosil....ltdAfter huge move this script cooling of with no selling pressure!!
stoploss and target mention on the chart
..all peer company like asahi inda ,laopal making new higher,,this counter taking rest...i see good risk and reward in this counter
indicators
rsi,,@44 on daily basis..weekly and monthly rsi is abv 60.........bullish setup
relative strenght positive
Nifty Fibonacci RetracementNifty ended the day with 1% decline after a strong rally. Today's decline wiped out and covered the last 4 days gains & candles forming a bearish engulf candlestick pattern. As per fibb retracement we can see Nifty taking support at multiple levels, which are ₹17991, ₹17770, ₹17600 and final support of fibb level 0.618 is at ₹17417. While looking at the upside, recent swing high is current resistance and 18320 is next resistance level to watch out for. Conclusively we can see sideways to bearish movement in upcoming days if index doesn't cross recent high.
BNF EXPIRY ANALYSIS- jAN 20TH 2020_WAIT AND WATCHMkt on the longer ( 1 day) time frame completed the retracement from 61.8% to 50%. The closing candle is a DOJI with a red body. Lower wick is suggesting support at 37840-37770 levels and resistance at 38100-38200 levels. Coming 2 days Thursday and Friday candles should help us determine the longer trend of the market. Either it will break and start going down to 38.2% (37040) or it will bounce back from 50% level and start scaling new heights.
Euro usd 1hr shortCombining fibonnacci and supply and demand statergy expecting market to be bearish for 1hr timeframe.
NIFTY - BEARISH REVERSAL CANDLEA big bearish red candle on day chart which might be a short term reversal to the last 2 week bull rally. While taking fibonacci retracement from the top, nifty may touch 17900 levels which is .236 fibs levels.
caution: be in SELL ON RISE mindset still nifty closes above todays high.
BANK NIFTY - FIBONACCI RETRACEMENTBanknifty has made a reversal candle exactly at the .618 fibonacci retracement levels as you see in this chart, if tomorrow the price breaks today's low then it may further come to 37100 levels..
caution: Be in SELL ON RISE MINDSET, careful in taking long position until the price breach the todays high.
audusd for sell sideFib Retracement 0.50 & 0.681 Golden level
pure rejection with bearish candle
we can go sell side.
FTM Bull moveif FTM manages to stay above $3 with multiple daily closes above 3, the next target at
$3.4 and $4.7
IF it falls, consolidate at $2.6, $2
Might fall due to low volume support
