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Fibonacci Retracement

Nifty on a monthly expiry - Short or long? Bears in control?Hey Guys! AS you can see nifty is moving in a downward channel, and is currently at the resistance. From here we can expect the next fall. The past two days Nifty has been consolidating within a range and is unable to break the range on either side. It tried to break upside multiple times but faced strong resistance, and in the last 30 minutes the bears decisively sent a message that they are still in control. If Nifty opens Gap down tomorrow, we can expect a huge fall with targets of 16951 and 16774. One can enter on opening with SL around 17333. However, it is important to trade based on the market movement and not have a pre fixed routine. In the event it opens flat or gap up, depending on the first 15 to 30 minutes, there can be a break out on the upside. this will be the start of a fresh bull run. Therefore, it is important to see how nifty moves in opening and trade accordingly. For long positions, enter only above 17300 with SL at 17170. Happy expiry trading. Hope all of you make a lot of money and have a wonderful start to the new year! *educational purposes only*
NSE:NIFTY
by AM_Tradepicks
Solana looks bullish in the short termI think solana is capable of reaching 208-209 level looking at the 4hr time frame as it is in an ascending channel. On the daily chart, although it is doing fine having passed the support 194.27, low volume is still a concern. If we see some volume pump, sol can reach the 218-220 level according to fib retractment. P.S.- I am a very novice trader who has started very recently. I might be very wrong with my analysis. Any help in the form of advice, knowledge, criticism is welcome. Please let me know what you think about this. That will only help me get better. Thank You
Long
by dg21101997
ICICIPRULI - Retest Structure + Fibo Support - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NSE:ICICIPRULILong
by TradewithAditya
Nifty Elliot Correction wave Down Trend Confirmation pattern As per my study , i assume its a confirmation of down trend with high low- lower high & lower low - down trend formation pattern. With Elliot collection wave ABC pattern which seems to be formed on chart (may be wrong may be right) as per fib level it may touch 0.5 fib levels with a support near DSMA 200 as well near support zone 16350-16300 overall sentiment - Negative Note: Only for educational purpose . based on past chart patterns & Experience we assume this may happen as price also repeats its history/pattern Price is supreme may move in any direction.
NSE:NIFTY
by Stock_Inshot
1
State Bank of India, Good breakdown setup#SBIN looks goods to short for a Rs 50 downswing. The stock has broken a good trendline which strongly acted as support till now. Along with trendline Relative strength, viz-viz Nifty has also turned negative. ADX is above 24 and trending and RSI also looks bearish. Scrip can be shorted once confirmed by good volume on the daily time frame for the target of RS 400 which can act as a psychological level and if broken 400 level can be trailed to 38% Fib retracement level
NSE:SBINShort
by SujayPatil_
-The Famous Biriyani price large cap stock-. NIFTY50The famous Biriyani price large cap stock. The potential to give Biriyani to the investors. We all witnessed how the famous ITC meme stock shot up. after breaking out of the famous 200–220 range. Now it's back to the range. Even though we all know we are officially entering the correction phase. looking at the chart, the current level looks good technically.  ITC 200 to 220 level is a very important consolidation range; we only need to be concerned if the ITC falls below 200; otherwise, it is good to average in this correction phase. In the daily time frame, it respects both the trend line and the fib line. It is now nearing 0.5% in the fib line. Any change in sentiment in the NIFTY50 can be expected to have an impact on the ITC. Many analysts are bullish on the stock. But the stock price was dragged down by the disappointment of the analyst meeting. Keep ITC on your radar and the support levels. However, because we can include this stock in our long-term portfolio at a reasonable average price,
NSE:ITC
by Manuadarsh
6
ICICI Bank is now on the radar.On Thursday(16/12/2021), we saw many banking stocks close in the red. The indices, also in red, closed above 36,500. Well, we know it's an important level of banknifty. It also important to watch how Banknifty is going to perform. * ICICI BANK, with a weightage of 5.84 percent NIFTY50 stock, is down nearly 18 percent from its recent high, making now an good time to add to your long-term portfolio. *Recently, many analysts were also bullish on the stock, and we saw it shoot up. price action movement as well.  *Before entering into the stock, just look at the daily chart and draw a fib retracement line (867) between the recent high and (710). Look at where the 0.5% line and the same line recently took resistance near (770).The lower side (710-700) is actually acting as a good support level. Well, we can consider this respecting the price action. *In that case, considering the fib line, the current level looks good near (740). From the price action, we can expect bullish moments from there. If that respecting, I am confident about entering into a long position with strict SL.
NSE:ICICIBANK
by Manuadarsh
1
Nifty Analysis: Monthly Log ScaleThis chart presents three major cycles. Each cycle representing a decade. First cycle worked in 90s; second one in the first decade of 21st century and the third one in the second decade. Perhaps we are in the fourth cycle that would represent the third decade. The first two major cycles ended with more than 62% percent correction of the entire decadal bull run. The third cycle (recent 2020) was an exception with 40% correction. There are many ups and down, in each decadal major cycle, called the minor cycles. Every minor cycle also faced 40-62% correction of its impulse. So if we assume that a top has been in place at 18600 high, then a 40-62% minor corrective wave might land up near 13000 or so. This level should be treated as a good investment zone for long term decadal run which can take Nifty much higher. I am assuming that a top is in place but market may make multiple attempts to break the highs before it actually starts correction. Also this is a monthly chart so things might take time to show up some results. So be patient. If you are feeling missed out in this rally then this is definitely not the spot to enter for longer term. Waiting for a better bargain is always good for making fresh investment. Hope you understand my point. Regards.
NSE:NIFTY
by Bravetotrade
12
Hero MotoCorp 2x-3x potential in long termStock is in wave 2 zig zag correction and dropping towards 0.618 Fibonacci. Good to add in range 2500-2200 with Stop Loss 1980 for long term for 2x-3x returns DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:HEROMOTOCOLong
by Niftydirection
TATA Consumer looks strong…TATA Consumer looks strong… Reasons/Traits : • Today gave a break out from two day inside bars with a big green bar with very good volume • Above 13 and 50 EMA • Price touched 0.618 retracements levels • RSI increasing • Bearish Crab harmonic pattern formation is in place What can happen next : Scenario 1 : Price sustaining above 850/853 levels can take it to 865/870/915/940 levels Scenario 2 : Price break down below 834 can take it down to 812/800/775/750 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:TATACONSUMLong
by AdhigamaTrading
2
Bank Nifty Daily Chart OverviewHello Traders, hope you all are doing amazing! Today I will be showing you the daily chart overview of BankNifty, so traders as you can see, on the 1D chart a huge rising wedge pattern has been made which has recently broken down to 35327. Now here, I won't say I can see a double bottom but yes, I can definitely see a "W" pattern which will probably hit the lower band of the rising wedge pattern and fall down again, because if I pull a Fibo retracement from up 41871 to down 35257, we can see the retesting of the trendline will happen at the 50% level of the fibo retracement which is another confirmation that bears are really strong now. Lastly, we can see that the 20D MA and 100D MA has crossed and moving downwards, which is another very good confirmation that bears are taking control over the bulls. Now, you may ask where is the market heading to? Well, as of now chances are really high for the market to fall till 34000-33970 which is the immediate support, but as we can also see a W pattern been made, if it is strong enough then bulls will pull it off because if we make another fibo retracement from 30436 to 41894 we can see that 36110 is the 50% level(though it crossed the 50% level, it really seems like bulls failed on their part). So traders, this is what I see on the charts, lemme know what you think. Please share your valuable thoughts and comments. P.s- this is my own analysis and not a buy or sell call, before taking any trade consult with your financial advisor. Rightly quoted by Warren Buffet, "You can't produce a baby in one month by getting nine women pregnant" So guys, trade accordingly, be focused, dedicated and most importantly be patient.
NSE:BANKNIFTY
by rituparna_paul
2
SAIL - Potential Reversal with excellent Risk Reward BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM. Note: The breakout levels are derived from the weekly line chart which is respected much more by smart money. DISCLAIMER: I reserve the right to be wrong. I am not a SEBI registered analyst. Please consult your financial advisor before investing.
NSE:SAILLong
by raavigeorgian
6