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Fibonacci Retracement

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.
NSE:NIFTYLong
by Bravetotrade
11
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. 2. Always remember SL is your lifeline, not the big target... 3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions... 4. To learn more about patterns, Psychology behind the trade, and price action trading... contact us... Thanks... Keep an eye ladies and gentlemen. Cheers and Happy Trading
NSE:JASHLong
by SENSITRADE_T
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! Please do like and share this idea. Thanks
NSE:HDFCLIFE
by AdhigamaTrading
5
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
NSE:ARVEELong
by tilakputta
1
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
NSE:AUROPHARMALong
by Bravetotrade
3
Nifty more consolidation ahead wave Z startedNifty enter more consolidation phase as wave Z looks have started will take 2-3 days more. Broken and closed above 0.382 fibonacci levels today next aiming for 0.618 fibonacci level at 17770 Bearish view will get activated as soon as breaks 17244. 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:NIFTY
by Niftydirection
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.
NSE:LTTS
by RK_Chaarts
9
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.
NSE:NIFTYLong
by CANick