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Fibonacci Retracement

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.
NSE:VBLLong
by finogent
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)
NSE:NIFTYEducation
by jay21shah
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.
NSE:ITCLong
by AkshayAdak
DABUR Long opportunityNSE:DABUR Stock -> Dabur TimeFrame -> Weekly Hello all! Dabur has been traveling in a channel since May 2017. It is now again at the lower end of the trendline and thus it makes for a good opportunity to go long from here! There are multiple other factors apart from the usual price action: 1) Stock is in its support zone. 2) Stock has taken a bounce off of its weekly 200 EMA. 3) Stock has bounced off of its golden Fibonacci zone (not shown here as that would make the chart too complicated). The Reward to Risk ratio also seems to be good. *NOT A CALL*
NSE:DABURLong
by Traders_Town
GUJARAT AMBUJA EXPORTS: Long term positive outlook NSE:GAEL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 1: 313.80 Stop Loss: 243.95 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. NSE:GAEL
NSE:GAELLong
by finogent
CHAMBAL FERTILISER : Long term positive outlookNSE:CHAMBLFERT shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 1: 485.80 Stop Loss: 441.35 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.
NSE:CHAMBLFERTLong
by finogent
MARKSANS PHARMA LTD: Upward trend with good volumeNSE:MARKSANS shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 1: 72.55 Target 2: 64.95 Stop Loss: 55.60 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.
NSE:MARKSANSLong
by finogent
GOLD Gold retraced 61.8% of previous rise, it tooked support perfectly from 61.8% and lower bollinger band on daily time frame, and it had once again managed to hold above the RK's stop loss line on the closing basis, after taking support & closing that doji type red hammer candle, next candle closed positive and also given good follow up upwards, also buy signal generated in RK's Magic Buy. Most possibly it is confirmation that reversal started now and may be wave ii completed and wave iii can unfold. retraced 61.8% levels macd in hourly positive above zero line macd in daily converging towards upwards rsi in hourly uptick Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! 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.
GLong
by RK_Chaarts
Nifty Weekly Analysis - Fibonacci shows possible bearishness Nifty is finding resistance in the 17300-17350 zone and the one day it opened above 17400 it could not sustain and fell rapidly back to below 17300 levels. The reason for this could be it is 61.8% retracement level of LH formed on 17351 (18 Jan) and LL of 15671 (8 Mar). Obviously this doesn't mean that NIfty could go down substantially from here. It could possibly make an U-turn and go upwards as well. My view would be that Nifty could be forming a possible consolidation here before it resumes its further upmove but we have to prepare for every possibility. In my opinion, any close above 17350 would signal a bullish move. Also any close below ~17000 (also where 200 DMA is present) would signal a very big downturn. Watch out for these levels.
NSE:NIFTY
by DashSam
NIFTY getting ready for fresh DOWNSIDE. Multiple confluence found which indicates break in nifty rally and possible reversal. 1. 90% fib retracement level found at 17600 in 4th wave which can act as major resistance from 10feb swing high. 2. 17600 is the level conferencing with divergence trend line which is a psychological round number. 3. Divergence is found on 15 min timeframe. look at RSI even if market reaches 17600 still divergence will be intact. 4. Triangle pattern is also seen so if market takes support from lower trend line it can bounce back up to 17600. But as triangle pattern has possibility of breakout on either side. be cautious for this week. 5. Smart money and pro always create positive sentiment before major reversal as they make money by trapping retailers. so most of the retailers might be thinking that war might be over soon, everything seems bullish now. crude oil cooling off, but the diesel price hike for bulk buyers was the first hint for medium term down trend. My call for up coming days is bearish. market may dip more. so be cautious and make you Portfolio light. Thank You Market Yogi
NSE:NIFTYShort
by Market_Yogi
1
Nifty 50 Daily Chart Analysis | Price ActionNifty is forming a cluster of both a supply zone and Fibonacci retracement level from 17320.20 to 17408.45. Nifty rejected cluster and close below that level on the Last trading day. But if you look at the trend line, Nifty has broken the bearish trend. So it is difficult to know whether the market will respond to the cluster or break out of the trendline. That's why the level from 1732.20 to 17408.45 will be important for us. One can see Bullish run on its breakout and Bearish run on its rejection. Thank you
NSE:NIFTY
by SharePolFinServ
3
Nifty in complex wxyxz correction in progressNifty is expected to first drop as X wave then Z wave going to take it Up. Downside expecting towards 17150 to 17050 which 0.382 fibonacci level of Y wave. Z wave expected to end between 17800-18000 levels 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.
NSE:NIFTYShort
by Niftydirection