Get started

Fibonacci Retracement

Patience will give 10% in SAIL 👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Strategy : ✣ Channel pattern breakout on 1M chart ✣ Good monthly consolidation and weekly too ✣ On a weekly basis good retracement of 30% multiple times tested near that level ✣ Good triangle pattern on 1hr and 1d both ( Trade on TF whichever suits your setup and RR ratio ) ✣ In 1hr you can take it on a lower trendline for a low-risk high reward setup or on a breakout, SL as per your risk and reward setup and mindset ✣ Targets = 150 ( 10% from breakout point ) ✣ My trade activation would be on 135-136 levels at 1hr close candle ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:SAILLong
by Averoy_Apoorv_Analysis
15
All you need to know about RELIANCE in 6 minutes 🔥👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Common sense used: If you want to know the details of the trade I have posted a picture too of the same analysis with all its parameters defined well in description of that post, do check out that post its linked at the bottom of this post :) just for perfect level and entry, SL number wise :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:RELIANCELong
by Averoy_Apoorv_Analysis
7
How to get 12% using Swing trading in HONAUT - Common sense👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Common sense used : 📌 Weekly time frame: Make 2 fib from 2 different from one will give you 30% retracement of price and one will give 50% - a sign of extreme bullishness 📌 The supply zone is broken and now converted into a demand zone on those bullish levels as described in the video 📌 Beautiful wedge pattern breakout did and kind of retested too made a bullish closing last Friday too 📌 on 30min TF a good breakout of the consolidation can be trade activation for 10 to 12% from those levels 📌 SL of 3% will be good enough as the buying pressure is making wicks from the downward side 📌 Trade as per your setup now and risk should be well defined and cared too, Good luck :) ⌛ Motivational and psychological area ⌛ ✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only. ✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow ✣Don't lose hope and keep grinding ✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily. ✣Focus on the process, you are here to make money not stupid decisions, and lose it all ✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market. ✣Believe in yourself :) 🎓🎓 Some info about me :) ➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all. ➼I hope you will love my simple analysis style. ➼Feel free to suggest your view on this as learning is earning here :) ➼I take my trades on my Zerodha account :) ➼I don't take all the trades I post ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. ☃☃☃☃ Thank You Have a Nice Trading Day ☃☃☃☃
NSE:HONAUTLong
by Averoy_Apoorv_Analysis
2
Nifty Zig Zag Correction possible X wave towards 15800Nifty formed today falling wedge pattern after few hours opening. This is also called ending diagonal appearing in wave 5 or C wave. Wedge broken channel price was thrown under channel made low 15637. Entire ABC move from 15916 completed near 15637. Wedge had confirmed upside with 15688 breakout point. Today it completed A wave of correction going up to 15710 then B was down to 15665 Currently C wave started expected to go towards 15808 or 0.618 Fibonacci retracement of move 15916-15637. Move above 15770 to 15808 is expected to make price Throw Over channel. 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 advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description. -------(((((Please LIKE or Comment)))))-------
NSE:NIFTYLong
by Niftydirection
Nifty: Bullish Harami Candlestick pattern observed near SupportNifty In morning post, the importance of 20 day EMA at 15677 and 61.8% retracement around 15628 was discussed and so was the level of 15735 Nifty respected all the levels very well ( 20 day EMA on closing basis, 61.8% retracement on intraday low basis and 15738 was the high for the day)😊 - Today's closing also reflects a Bullish Harami candlestick pattern which opens up doors for some upside move (initial targets on Nifty 15804 / 15840 and further upside if closing is above 15865) ___________________________________________________________________________________________ Our strategy update Had suggested to consider selling 15 July expiry 15700 Put option when it was trading around 120. Closing price 100 Profit of 20 points so far per lot (this profit is despite Nifty being 111 points lower from levels when the trade was initiated) This is where trading strategies come in handy. It may not give exorbitant profits per trade but it surely helps in better risk management and thereby increase your probability of more winning trades. ____________________________________________________________________________________________ Like & Follow for more such ideas But don't just follow me blindly Learn to identify such opportunities independently _____________________________________________________________________________________________ Best wishes Vaibhav Deshpande
NSE:NIFTY
by indiamarketoutlook
2
Why you should be careful before trading in PRINCEPIPE As many of my followers were asking about PRINCEPIPES, here is my view, Plz read the whole If still, your setups match go for it :) Logic points -- 1) On Monthly charts, It has not given a good retracement 2) On the day chart if you make a Fibonacci retracement from the lowest part till the near term high then u will see a retracement of only 0.2 3) Such retracement either show heavy bullishness for the short term or can be deadly bearish for the long term faking out for the retracement part just like a breakout 4) A good consolidation on the D chart only doesn't mean bullishness, although the chart seems interesting and is consolidating continuously for some days so what to do now? Answer: Either enter now if you are so attracted towards PRINCEPIPES and only wanted to trade in it as per your setup says, But then do make a good and strict SL and also use less capital ( really less ) just in case. OR Wait for some time, let it consolidate for some weeks or days more, and come to FIBONACCI levels retracement of 0.5 or 0.6 in order to get the real bullish momentum in the stock you are looking for. Thank you, AAA
NSE:PRINCEPIPE
by Averoy_Apoorv_Analysis
DLF: Chart set up and trading strategy for June month expiryDLF - level of 308-313 holds significance for the stock - given the set up one may consider to sell 320 Call option CMP around 6.3 - be cautious if DLF trades above 309 and exit if closes above 313 The strategy has a maximum profit potential of Rs 20790 per lot and has inbuilt loss protection for a rise in price up to 326.30 giving ample opportunity to adjust / exit in case view gets invalidated Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:DLF
by indiamarketoutlook
Tata Motors Gearing Up for Impulse Wave 5 Tata Motors after Mar 2020 low 63 moved up by making wave 1 as leading diagonal Next sub impulse wave (1) and (3) were normal waves without extension. So (5) was explosive up raising 300% or wave (1)+(3) at 357. After 357 high it retraced very small portion 0.232 Fibonacci level or 23% which is common in case of wave extended wave. It appears to be making cup and handle pattern which could reach well towards 0.618 Fibonacci zones. This rise from 280-360 is also observed to be leading diagonal Minimum target of Wave 5 will be 0.618 of wave 1+3 combined which is 460 Long near 325-310 zone, with Stop loss 380, target 1 460, target 2 570 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 advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description. -------(((((Please LIKE or Comment)))))-------
NSE:TATAMOTORSLong
by Niftydirection
Banknifty Triple Zig Zag Correction Complex CorrectionBank nifty going through triple zig zag complex correction and there is another 1000-1500 points correction possible towards 0.618 Fibonacci level. With sharp recovery from 33909 its unclear if its A or Z wave completed already and new impulse started? Monday will give Clear picture if its not able to cross channel top 35000 then we can expect C wave of Z to take it down towards 33500 (0.618) Once correction is over we can expect V wave to begin towards 360000 This is the best possible Elliott wave count i can come up with, please hit like to motivate me to keep posting. 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 advised to rely on your own judgments while taking any investing/Trading decisions. Past performance is not an indicator of future returns. Investment/trading is subject to market risks. Seek help of your financial advisors before investing/trading. Not recommended to take FnO positions based on this analysis I may or may not trade this analysis. Details in description. -------(((((Please LIKE or Comment)))))-------
NSE:BANKNIFTY
by Niftydirection
4
MINDA INDUSTRIES LONGDaily charts of Minda Industries shows breakout from a crucial range (purple). After that a retrace is being witnessed. Retrace is expected till the purple zone. Look for buying opportunities after the retrace and wait for confirmation candle. Also, after the retrace and a confirmation candle (with a good body and volume) it will also become a flag formation breakout, confirming bullishness! Buy after retrace ensuring a confirmation candle. Targets (buying around 614 after retrace) can be 678, 708, 740 STOP LOSS: 601 RSI correcting itself hence upside expected Risk- Reward favorable MACD bullish FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
MLong
by Keshav2329
NIFTY OUTLOOK Nifty is no doubt giving a fantastic rally even with minimum participation from FPI's. Definitely a certain percentage of Retail Investors are afraid to participate in this rally, But all they have collected is few peanuts by turning into bears in the due course of time. Now let's keep Bulls and bears aside. As an opportunist we all shall be always alert with the possible reversal levels and time cycles. The first level that is see could be a small hindrance is 15860 to 15880. This is a Gann level of the Wave 4th of the Impulse and the Sub 2nd Wave of the 5th Wave. We can wait for any reversal at that level or simply may be we could see a removal of weak hands at that level. The second level is a fibonacci retracements cluster of Wave 4th of the Impulse and the Sub 2nd Wave of the 5th Wave and that comes to be around 16220. Mark this as a very important level. 22nd June is the timecycle representing the expected high date. So the basic expectation from the chart is 16220 by 22 JUN 2021 (More or less in term of time or price) CHART AND ANALYSIS BY - ADARSH DEY Nifty is still in a wolfe Wave and the chart was updated on 27/4/2021
NSE:NIFTY
by AdarshDey