Get started

Fibonacci Retracement

TATA Motors : AnalysisTata motors has given 90 degree breakout after consolidation for several months. Possibility of breakdown is good. Note:- This analysis is done on weekly time frame hence traded accordingly. Creation of possible supply zone at higher level depicts the upcoming fall. If this zone is a supply zone then market coming down and retesting 400 levels is a possibility. Possibility of consolidating at higher levels for few more days is good. Wait for it to close below recent low 470 levels which tata motors is holding for quite a while now. Fib retracement is showing market is taking support from 0.286 levels. 380 to 360 is the golden zone. I will enter into this trade and update this analysis here. PS: Always risk what you can afford to loose no analysis is a sure shot. Trade as per your risk appetite and RR ratio.
NSE:TATAMOTORSShort
by Umang_Sharma
2
opportunity for long term investment in INDUS TOWERSIndus Towers Limited is formed by the merger of Bharti Infratel Limited and Indus Towers. This combined strength makes Indus one of the largest telecom tower companies in the world. Indus Towers Limited has over 183,462 towers and a nationwide presence covering all 22 telecom circles. Indus’ leading customers are Bharti Airtel (together with Bharti Hexacom), Vodafone Idea Limited and Reliance Jio Infocomm Limited, which are the leading wireless telecommunications service providers in India by revenue. FUNDAMENTAL ANALYSIS- 1. company is profitable and upgrading in their revenue year by year. 2. increase in revenue ,EBITA , PBT , EPS and can see a increase in free cash flow. 3. great dividend yield (6.84% ) 3. as we can see how telecom and data sector is growing, this stock is going to grow with that sector. company working model is base of this sector plus tie ups are with sector leaders. negative points about company- 1.their is pledging in promotors holdings. 2.dept to equity increases this year ( now -0.44 ) TECHNICAL ANALYSIS- 1. on monthly chart downtrend is broken by strong bullish candle with volume. 2. on weekly time frame after breakout slightly retested and pullback is observed. 3. on daily time frame, stock is creating volatility for couple of days going to break on either side ( down or up) 4. recommended to accumulate stock as chances are more to break upside once it closes around 298 to 300 range on daily time frame stock is going to show upside move. this study is for education purpose only.
NSE:INDUSTOWERLong
by ameyagawade9
Support-Resistance, Volume, Fibonacci, EMA & Breakout Case studyCase study of DISHTV for Educational Purpose. This stock was facing resistance at particular level since last 2 years, and also got consolidation in parallel channel from last 1 year, now Stock making higher highs and higher lows ( Up Trend ) each and every time when price was correcting, the Volume was decreasing, which can makes conviction towards positive. co-incidentally top of parallel channel and 2 years resistance level both are at same level, finally it has given good breakout from that level, along with good intensity of volume, and also price moved up more than 40% from that breakout level, and now again it has corrected towards that same level in decreased volume. Fibonacci Retracement level is 61.8 % from recent rally, which is healthy retracement to go long. Now after Breakout that same Resistance became Support area, and has been retested too. Co-incidentally weekly 100 ema and 20 sma are also at that same levels, and daily 50 dema and 100 dema are also at same levels, Which makes supporting conviction more and more powerful to go long in this stock with stop loss of recent swing low Stock making higher highs and higher lows ( Up Trend ) each and every time when price was correcting, the Volume was decreasing Supports Combination 1 year consolidation in parallel channel Breakout with good intensity of volume from 2 years resistance zone Fibonacci Retracement level is 61.8 % from recent rally, which is healthy retracement to go long Daily macd positive crossover done Weekly RSI uptick near 60 Weekly stochastic positive crossover Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing I am not responsible for your profits and losses
NSE:DISHTV
by RK_Chaarts
6
TATAPOWER Analysis 18/11/21; S&RTata Power is building support at current levels of 236-237. At point 1, we can see a STRONG SUPPORT LEVEL (Trendline support in parallel channel as well as Fibonacci Retracement 0.236 support level.) As we have already seen previously, TATA POWER has taken support and bounced back from these levels a few days back. If the stock sustains and respects this strong support level, then a further upmove is expected. Levels can be seen from the colourful fibonacci extension charts. Stock has already seen a resistance in this zone, early this morning. You can go long here for targets till 250 and further to 270+ (Its ATH). Even if stock remains in this channel, we can for sure look for an high till stock touches upper band in this channel. ** I am not SEBI Registered advisor. Kindly consult before taking trade. **
NSE:TATAPOWERLong
by ParyataK
NIFTY OUTLOOKPreviously in NIFTY Outlook (7th Nov 2021) post: -18098 was the first target, it is achieved on 9th Nov very accurately and market reversed to retest support afterwards. -17763 was the mentioned support, Nifty was saved by almost 40 Points. -Today Nifty tried to breach the first target (18098) with a Gap up but was unable to sustain above it. -The second target remains to be at 18342. (LINK TO THE PREVIOUS NIFTY Outlook (7th Nov 2021) IS GIVEN BELOW) Now: -The chart setup is still the same, only addition is the dashed black line which would act as resistance from now and support once it crosses above it to achieve the second target of 18342. The real bullish scenario would be created only if NIFTY crosses above the black dashed line. -NIFTY has to close above 18098 and trade above it anyhow to achieve 18342, or else it would be a difficult scenario. - DOW JONES is definitely in a doubtful situation,hopefully it would be clear soon. So please Stay Cautious. Always trade with proper SL in F&O Segment. CHART & ANALYSIS – ADARSH DEY LINK TO THE PREVIOUS NIFTY Outlook :
NSE:NIFTY
by AdarshDey
U-TURN Resistance converts into Support (EDUCATIONAL -AARTIIND) Aarti Ind. ltd. This stock has taken Resistance twice at same level, then it consolidated as a parallel channel at that same zone, and then it given good breakout from parallel channel along with good intensity of volume, Now it has retraced almost 78.6%, co-incidentally (1) same resistance zone, (2) Parallel channel's top, (3) Support trend line and (4) 200 DEMA, all are there at similar point location, All these 5 conditions met at same level that can provide good support. This scenario makes probabilities very strong each time. where stop loss is too low and Reward is too Good. Overall scenario Perfectly U-turn from valid fibonaccy level 0.786% Daily macd line uptick and also converging towards positive Good support zone Support providing 100DEMA also at same responding zone Parallel channel scenario Support Trend line Disclaimer I am not sebi registered analyst My studies are for educational purpose only Consult your financial advisor before trading or investing I am not responsible for your profits and losses
NSE:AARTIINDEducation
by RK_Chaarts
16
ICICI BANK case studyIcici bank spot cmp 763 counter gave a gap up opening few days a go,, but the opening candle of particular day was not crossed and there was no follow through buying, now counter have reversed and filled the gap,, currently around demand zone of gap levels and golden means retracement ratio of previous swing. very small candle formation around lower levels with low volume divergence on rsi on all lower time frame till 60 min RSI over sold on all time frame below 60 mins reversal in counter possible from current levels time to cover your shorts and rethink of what can be done..
NSE:ICICIBANKLong
by RUDRA007
1
BIOCON ( Ready for Marathon)BIOCON: Few key points to note: - Seems like Wave 4 is completed and Wave 5th have been initiated. -Respected the Golden Ratio of the prior trend. - RSI Bullish Divergence (Double Bottom) - Support taken at 200 Weekly Moving Average & EMA - Bullish Candlestick pattern formed at Official Level (Golden Ratio) & Moving Averages. I expect upside reversal in BIOCON from this point. However the trade gets activated once it closes above 350 and the expected target is 421-544-596.Please note, this is a weekly Time Frame chart, it would definitely take time to see the targets being achieved. So have patience if you venture with this stock with an appropriate SL. CHART & ANALYSIS – ADARSH DEY
NSE:BIOCON
by AdarshDey
2