NSE: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...
it has retraced to 38.2% level on weekly chart. formed hammer on weekly chart at 38.2% fib retracement. on daily chart continuous downtrend. closing above 500 on weekly basis will make it attempt ATH.
NSE: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...
NSE:NIFTY Near.sport and move upside Nifty taking falling wedge sport and going to tfy upmove
Sail work in parallel channel, it may test 122 soon. if sustain above 122 it would be break out of falling wedge pattern next target would be 140 and 175 in upcoming month.
Dr. Reddy form Inverse H&S pattern. It can long if come 4150-4210 or if it close above it's neck line 4400 for target 4750 and 4900 in upcoming month.
NSE:SAIL Sail has done the Breakout and retesting part of falling wedge pattern , secondly it has taken support from 0.5 fib level on weekly timeframe , we can expect T1 - 122 and T2- 142
Channel breakout + Retest Done + 50% Fib retracement tested + RSI @ 56 = Good buy with a great R:R . Don't buy asap ; wait for some duration as market has gone up without making a red day, so have patience and buy when price comes near buying zone. Target 1 and 2 are easily achievable but Target 3 is a little hard so book 60% till tgt 2 and let the profits run...
• Prices will move closer to 1.38 after retest for the support line after the breakout.
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...