INDHOTELAs the stock is in a positive momentum the stock can be allocated after a retracement enter at the given fib support place a strict stop below the fib support . " EDUCATIONAL PURPOSE "..
Fibonacci Retracement
HINDCON CHEMICALSSeems like a Good Buy. Because it has been testing the 0.5 Retracement level since last 5 weeks. And the financial performance of the company is also good. We can witness a good bounce in the times to come.
CHART & ANALYSIS BY
ADARSH KUMAR DEY
NIFTY OUTLOOKPrevious NIFTY OUTLOOK post was an indication for the Expected Bullishness. No surprise NIFTY didn't disappointed at all.
For 11th OCT the mentioned support level was 17841 and NIFTY shooted up exactly from the mentioned level.
For 12th OCT the mentioned support level was 17863.50 and NIFTY shooted up from the almost the same dot to dot level .
Link to my previous idea if any ones wants to study or verify:
As the NIFTY has closed above trendline "B" now the previous mentioned targets the GANN LEVEL ie 18110.90 and the extended golden ratio level ie.18253. 40 are still active.Those who are unable to understand please follow my previous NIFTY OUTLOOK study, link has been given above and in update idea section.
If you regularly go through my ideas and find it useful, please like and Follow. It keeps me motivated.
Chart & Analysis – ADARSH DEY
Buy_DALMIA BHARAT_ 30% upmove can be expectedDALBHARAT has been in the uptrend and has taken support from its 100 days EMA.
As per Fibonacci extension the next target can be expected at around 2742, 30% from CMP.
Time period for meeting the target - apprx. 1 month.
Stop Loss - 1975
NIFTY OUTLOOKDrawing the TL (trendline) is really important. It gives you a hypothetical idea about which & what way the certain stock or index is heading.This is an hourly TF chart of NIFTY . I have segregated the trend in to four parts by plotting the trendline A,B,C,D.The last line ie D is the major support in short term. In terms of price the support stands to be at 17731.
BRIEF ABOUT CURRENT SCENARIO :
Currently NIFTY is taking TL "B" as resistance and even it's all time high as resistance (focus on the red line 17911.70 ). But there is something i find positive about NIFTY is by wave countings it is in the process of completing wave 5th and it is taking 0.786 retracement level of the previous trend as support. NIFTY will head for the TL "A" once it crosses, closes and sustains above TL "B".
TARGET :
The next probable targets for NIFTY is TL "A" , the GANN LEVEL ie 18110.90 and the extended golden ratio level ie .18253. 40 .
EXTRAS:
The line chart of the very same chart has been given in updated idea section for a better view and understanding.
Please like and Follow .
CHART & ANALYSIS BY - ADARSH DEY
Triveni cup and handle, rsi above 60Triveni forming a cup and handle, it's touching all-time high, fib R2 breached in the daily timeframe.
Good fundamentals, Ethanol and hydropower generation catalyst
INDIGO TRADE SETUP FOR TOMORROWThere is strong resistance of 2051, stock two times rejected from this level.
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Indigo share break the resistance and then now it is in the correction mode.
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So for tomorrow you can buy this trade once it goes above 2051, for the target of 2140.
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Note: There is also a news that domestic airlines will be restart from Monday so we can see this news effect on this share.
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So we can see the gap up or good momentum in the morning and after the 12 maybe stock will do consolidation.
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What's your view on this comment below in the box
MIDCAP INDEXBooking all my long positions in midcap stocks and holding only quality ones as its a major resistance zone ie 2.618 extension of fibonacci
I wont worry if i go wrong or miss my profits. But will never ignore magical fib numbers
Stay cautious with the longs
DB INTERNATIONAL STOCK BROKERSThis company is into financial services. The QoQ revenue growth is good. Wave countings has been plotted on the chart.
Currently the stock is taking immense support at 0.786 Fibonacci Retracement level of the previous wave 2-3. This gives a clear hint that the stock will head for point 5 (Price level - 33.30).
However the short term targets are 23-24.
Please like & Follow. Happy Trading !
Chart & Analysis By - ADARSH DEY
BANSWARA SYNTEXThe stock has corrected from its 52 week high and trying to take support at 0.618 retracement level as well as its previous two highs,
Generally these are the levels where a stock sharply rebounds. It would be a BUY call from my side, of-course with a proper SL.
Chart & Analysis
ADARSH DEY
FULL LENTH EXPLANATORY ANALYSIS ON JINDAL STEEL AND POWER.Few pointers from my analysis on JINDAL STEEL AND POWER.
1. The stock has been in a significant uptrend , making higher high and higher low formation.
2. The stock has consolidated for good amount of time in the big continuation flag pattern.
3. The stock has been respecting all major Fibonacci retracement levels and has in-fact retraced upto fibo .618 level , which is golden ratio, considered a very healthy retracement on an uptrend.
4.The stock has recently broke out of the flag pattern with decent volumes, can expect a good momentum going forward on shorter-term
5. On RSI as well the breakout and retest has happened.
Entry : can be taken near by 410-415.
Timeframe used : Daily.
Targets:
T1 : 440 (FIBO .236 LEVEL)
T2 : 500 LEVELS (ATH ZONE)
T3 : 540 (PATTERN HIGHT TARGET)
Stop-Loss : 373
Conclusion : overall the setup is Bullish and high-probability for performing going forward.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Relaxo looks bullishCan buy at CMP for short term gains.
Study: Fibonacci Retracement 78.6% level Support.
Fundamentals are also good.
THOMAS COOK | POLE FLAG + SUPPORT CONFLUENCEREASONS FOR ENTERTING TRADE
1. A pole flag structure with the base of the flag bouncing off the 200EMA.
2.This 200EMA bounce point coincides with the long-term support trendline,
3. & the 61.8% retracement of the pole.
3. Price sustains above the flag range after retest
Buying above 65 for a projected price target which is set as the pole height, from the breakout point.
SL 56
CHEMCON SPECIAL CHEM LTDTaking a fantastic support. Seems a good buy at this level with a SL of 20 Points.
Targets are mentioned on the chart.
CHART & ANALYSIS
ADARSH DEY
SELF EXPLANATORY SERIES : QUICK ANALYSIS ON ASIANPAINT.In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
Angel Broking Bullish Biasness Target 1480Target of 1480s Level
Stop Loss of 1000s
Decent buy volume
Pullbacks backed by shallow volumes
Divergence
Bullish Bias
LGBBROSLTDWas trading between 50% and 61.8% fib levels and now it has finally broken range, Can expect bullish movement in coming days.
Falling Wedge+ Three drives ~36k TargetSome TA
Follow and like for more
this is a falling wedge + three drives i am looking to long 36k i am already in a short from 52k
hope you have good evening
