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...
SONACOMS - Swing trade Perfect 61.8% retracement till 700 and breaking out after consolidating for more than 5 days. Hold for targets ;)
Deepak Fertilisers - Swing Trade Reversed beautifully from 50% Retracement zone. Volume play is also visible. Hold for targets ;)
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...
an head and shoulder pattern has been formed and now it has took retracement at fib levels. we can also find a AB=CD harmonic pattern so , expecting a bearish rally
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...
Nifty 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...
Nifty 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...
As you can see, stock made strong base and is facing resistance. Therefore, you can buy in range of Rs 4400-4420. Once it goes below support area then immediately sell otherwise keep with you and wait for the good upside.
BankBaroda has posibly started an impulse towards north, recently it has retraced 61.8% of last rise, which we can say wave 2nd of some degree has been completed near 92 level, we can assume that now new impilse as a wave 3rd of some degree has been possibly started, which can show levels towards north upto 144 or more, trend indicators are also suggesting same,...
Deepak Nitrite looking bullish but need some confiirmation.If all good we can expect 19% ROI in the short term and also for swing.
Nifty came up sharp 1000 points from low of 16671 in just matter of 3 days. Wave B looks to be triangle consolidation and has went max 0.236 fib retracement now to break it gap up opening needed. Wave C minimum expected to go 0.618 Fibonacci extension then next 1 extension near 17500. DISCLAIMER: There is no guarantee of profits or no...
Infosys recently made high near 1845 and got rejected from 0.618 Fibonacci. The recovery it made from recent low 1665 was Flat abc(pink colour) correction where b was exactly touching start of a then wave c retraced up to 1.382 Fibonacci extension near 1845 On Larger degree correction not over yet and looks to be ABC zig zag correction which can take Infy...
In a strong uptrend, price retrace up to 38.2 and if it take support at that level then we can see strong bounce. CwC
📌 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...
Nifty 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...