The 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,...
Indiamart -- in no time stock turned 10x from beginning level -- showed firm strength during Covid Crash in 2020 Double Top Pattern has forced the price to drop from support levels. almost 50% down from All time high levels. Interesting to see how this Ecommerce player plays along the journey.
As per price action Banknifty can now go in retracement period according to Fib Retracement. However the pullback won't be long enough as we can see that 37100 is a crucial support level for the index. Speaking on the retracment levels of Fib we can expect price to take support anywhere between 37900 - 37300. While on the upside recent swing high can be a resistance level.
Nifty dipped below 0.50 fib level and closed above it. 17600 - 17500 is a possible zone where current bearish move could end and we can see reversal, if price doesn't crosses below 17400 then we can expect a reversal which may take Nifty to 18300 and above. Setup will be invalidated if prices crosses below 17400. Support currently is now at 17600 & 17400 while on...
Nifty looks be in deep correction currently in 4th wave which should be flat, triangle or complex correction towards 0.382 fibonacci levels. 5th wave to start after this correction. Alternative 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...
Why this Trade..?? 1. Price formed Doji @ Support 2. Fibonacci 38.2% Retracement Buy or Sell based on the Support Break with Volume Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
Why this Trade..?? 1. DOUBLE BOTTOM 2. Broadening Triangle 3. Fibonacci 50% Retracement Buy or Sell based on the Support Break with Volume Disclaimer:This view is purely for educational purpose and it's my personal.Please consult your financial advisor before attempting any trade.We're not responsible for any loss or profits.
Every idea given is for educational purpose only, Please consult you broker before taking any trade fibo breakout already done Looks good on these levels BUY @ 2711 Mid to long term targets= 3350-4000-4650 Long term SL=2052
already fibo TGT done (178-213-248.80) , still have momentum to go to 360-472 but will take time....
Doji formation with 0.38 Fibonacci support. If now 18300 breaks, we are heading towards 19.5k-20k.
After huge move this script cooling of with no selling pressure!! stoploss and target mention on the chart ..all peer company like asahi inda ,laopal making new higher,,this counter taking rest...i see good risk and reward in this counter indicators rsi,,@44 on daily basis..weekly and monthly rsi is abv 60.........bullish setup relative strenght positive
Nifty ended the day with 1% decline after a strong rally. Today's decline wiped out and covered the last 4 days gains & candles forming a bearish engulf candlestick pattern. As per fibb retracement we can see Nifty taking support at multiple levels, which are ₹17991, ₹17770, ₹17600 and final support of fibb level 0.618 is at ₹17417. While looking at the upside,...
Mkt on the longer ( 1 day) time frame completed the retracement from 61.8% to 50%. The closing candle is a DOJI with a red body. Lower wick is suggesting support at 37840-37770 levels and resistance at 38100-38200 levels. Coming 2 days Thursday and Friday candles should help us determine the longer trend of the market. Either it will break and start going down to...
Combining fibonnacci and supply and demand statergy expecting market to be bearish for 1hr timeframe.
A big bearish red candle on day chart which might be a short term reversal to the last 2 week bull rally. While taking fibonacci retracement from the top, nifty may touch 17900 levels which is .236 fibs levels. caution: be in SELL ON RISE mindset still nifty closes above todays high.
Banknifty has made a reversal candle exactly at the .618 fibonacci retracement levels as you see in this chart, if tomorrow the price breaks today's low then it may further come to 37100 levels.. caution: Be in SELL ON RISE MINDSET, careful in taking long position until the price breach the todays high.
Fib Retracement 0.50 & 0.681 Golden level pure rejection with bearish candle we can go sell side.
if FTM manages to stay above $3 with multiple daily closes above 3, the next target at $3.4 and $4.7 IF it falls, consolidate at $2.6, $2 Might fall due to low volume support