Next target and resistance zone FIB (3.619) zone, Anyway we are hard on support and need not worry of going down because volumes looks in favor of bull runnnnnnnnnnnnnnnnnnnn. DYOR.
IB Real Estate recently hit its all time high around 195-196 zones. After this upmove, stock corrected to its 38.2% levels i.e. around 177-178 zones. This zone has previously also acted as a strong support (demand zone) for the stock. This time also the stock has respected this support level and bounced back from it. A strong sustained support from the current...
CRISIL taking support near 61% fibonacci levels and bouncing back. Expect a decent rally in the same. Positional Buy : Company : CRISIL Entry Price : 2770 Stoploss : 2536.8 Target 1 : 3100 Target 2 : 3241.
As you can see that the nifty has been retraced from the exact point now in future we might see a bullish move can get connected in case of any issues or doubts.Fibonacci retracement
Ultratech Cement had stellar rally from 2900 to 8000+ looks to be heading max 8532 which is max possible upside for it as wave 5. Then a corrective wave will start towards 6300 which is 0.382 fibonacci levels. Notice MACD Negative Divergence price making higher high and MACD higher lows. DISCLAIMER:There is no guarantee of profits nor exceptions from...
Price is moving up after a bounce on the 38.2% fib retracement level. Volume is not too high, macd and stochastics RSI signaling buy
In my previous Nifty Outlook post the findings were that we should expect a reversal of this point and as it is last day of the month(29th Oct) so I expect the correction to be over. And thankfully market respected the pattern and till now it hasn't breached the Low of 29th Oct. The link for the previous study: Now during this entire fall, luckily a Bullish...
NSE:HDFCBANK Hello all! HDFC Bank has been trading in a channel since the covid crash. It's now on the lower channel trendline again which makes a good opportunity to go long because the stop loss will be very minimal. Also, the stock is between its 50% and 61.8% Fib Level and is trading in a very important zone which acted as a strong resistance earlier and...
In the process of Wolfe Wave formation. 450-440 is a very good accumulation zone. The reason is the 100 DMA , which has acted as a very strong support earlier and the Fibonacci retracement (Gann Level & Golden ratio level). Wait for it to respect the pattern and confirm a reversal. Then the targets will be update in update idea section. CHART & ANALYSIS - ADARSH DEY
AXIS BANK: Looking at it through curved trendline, It seems to be at a crucial support an has the chances of rebounding for nearly around 4 -5% of return. Another confirmation would be 0.786 Retracement level of the previous trend. And after so huge fall expectation of a dead cat bounce is not at all superficial. The dual confirmation of curve Trendline and...
This is my expectation for BankNifty in coming days. Looking forward to 0.5fibo levels. expecting some resistance near 40132 and then can breakout for 40500levels. There we might see some major resistance and can end giving reversal in chart or side wise move.
Stock has been in a down trend since june and was not able to give a break out. Price has tested the resistance zone 3 times and now is the fourth time it is trying to break. And during this process an inverted head and shoulder pattern is formed on the price chart. As we know that it is a reversal chart pattern, and we can see an upmove from here if price...
JK PAPER : Currently this is trapped in rectangular pattern consolidation. The upper ceiling stands to be at 253 and lower support is 218. It has been range bound with in this range. Recently it is testing 220*4 HRS Moving average. Previously the up move came after it tested 220*4 HRS Moving average. And hopefully we will see a good up move from now onwards, the...
Nifty Day Chart with Fibonacci Retracement for better Trading decision. if Nifty sustain Above 18100 for more than 15 minutes, then should be Traded for Target of R1 18150 AND R 2 18190
Looks good to buy between 6.1-6.5 good consolidation, target 8-10-12 as per time to hold ......small resistance near $7-7.10 but will easily break
Reason for Entry + Positive Q2 result + 50% Fib retracement + Technical seems bullish + Currently in long build-up phase + Good volume
This company is fundamentally not so annoying, the financial performance is above industrial median. Currently it seems to be really interesting at this point of time on Weekly TF.There are some key points we need to watch: 1. There was a Bearish Wolfe Wave that started forming in early 2016. And the 5th wave of the same was completed in covid pandemic. After the...
SBIN took support at 20 EMA… Reasons/Traits : • Took support at 0.382 fib retracement level • Above 20 EMA • Strong up move, force index 3 is less than 0 and force index 13 is greater than 0 • ADX 20 is greater than ADX 30 as well ADX DI + > ADX DI - • Force index 3 is greater than 0 and Force index 13 is less than 0 • VWMA is greater than 100 What can happen...