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!
Fibonacci Retracement
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
Idea: At important Fibonacci supportIdea
9.45 / 8.8 are 2 important levels for Idea
The stock is at important 38.2% Fibonacci retracement support levels
Short term target 12 / 14
Exit if weekly closing is below 8.50
Sustaining above 14.5 levels and the doors would open for target of 22 / 28
At current levels it provides good risk::reward ratio to go long
Take care & safe trading...!!!
l&TFH LONG Trend line support The Stock took support at trendline and 0.5% retracement level so wait for any reversal and took the position or else wait for a breakdown
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
BOMBAY DYEING LONGBreakout on daily charts with brilliant volumes.
Seeing some selling pressure currently. Good to buy if sustains above 96.50 today.
Add on retracements (after bounce back form retracements, add more)
ENTRY: Above 96.50 (if sustains)
Targets: 105, 115, 122++ (obeying the path marked)
Stop loss: 91.30 (Considering buying around 96.50)
TRAIL STOP LOSS
FOLLOW IF YOU LIKE THE ANALYSIS
LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
THANKS
DASH - 4H Dash MACD is showing a bullish divergence. it will take near support and from their it will raise to point mentioned in the chart.
Bank Nifty analysis - bullish or bearishbank nifty
Analysis phase 1- Fibo retracement
38.2% retracement from the May'2020 to higher high of 16th Feb 2021.
Hence, down trend from 16th Feb to 22nd April is considered as a pull back.
Analysis phase 2 - bullish move
After 22nd April it moves very bullish with breakout around 22nd May over the trend line from previous high. this breakout confirmed bullish move further.
Since retracement it changes the slope very steep, like a run comes after a pull back.
it is expected to move higher than previous high.
keep an eye on the move!!!
UPL LTD. rounding bottom pattern !1) As per analysis, chart formed rounding bottom pattern, which indicates bullish momentum.
2) 1 Year trend line break out
Possible targets as per Fibonacci are:
1) 600
2) 630
3) 700
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
AVANTIFEED Reversing from Long Term 61.8 Retracement AVANTIFEED seems to be reversing from its long term 61.8 retracement zone. The stock has been hovering in the 38.2 and 61.8 zone for almost a year. Looks like a good buy here for eventual target of 750.
Johnsons Hitachi (JCHAC) at Year-Long SupportJohnsons Hitachi (JCHAC) stock is hovering at its year-long support where it has struck multiple times in the past. We are also at the 0.618 retracement from Aug'19 low to Mar'20 peak zone. We are closely monitoring the price action at this level. Any signs of bullishness would be a good time to go Long for a sharp up move. Will post an update on this post as we see something happening in the price of the stock.
MARUTI retracement in bullish moveFibonacci is one of the important tool to predict and understand the retracement of the stock.
MARUTI SUZUKI was in down trend since mid of Feb started retracement on 26th of Feb around 8610 and retraced by 38.2% till 7372, which is also a price at the current date. after this retracement it continued the down trend.
A trend reversal is observed on 30th of April and stock moved bullish since then. Now, it has reached to the high of the symmetric level from past retracement (7372). It expected to retrace atleast by 38.2% or to max to the level of 61.8%.
pls keep an eye on it and pls comment your observations too.
BHEL - A risk reward tradeBHEL is expected to announce it's quarter results today.. The stock opened gap down in the morning by over 10% and is still trading negative but the current close is much above the low of the day made. Should the results be favorable, the stock can fill the gap and give some nice move up. The low of the day tested the 50% Fib retracement level and has bounced off from there..
NCC Long Swing/PortFolio TradeAfter a strong break out rally, NCC has corrected for 3 months and taking strong support at Fibonacci retracement level of 61.8%.
The stock is overall bullish, waiting for a channel breakout. It is good for longterm investment portfolio as well.
Currently, we can take a swing trade in NCC:
Entry at hourly closing above 77
TGT 1 = 91 (17%)
TGT 2 = 100 (29%)
TGT 3 = 115 (49%)
Stoploss = 72
BITCOIN may see further downfall as per tech analysis tools.BITSTAMP:BTCUSD Bitcoins is forming the inverted cup handle pattern in daily timeframe which is bearish and trend continuous pattern which Technical analysts often use as selling opportunities because of their ability to "prove" the lack of buying pressure during the timeframe being assessed. i think it ll go down upto 22400$ level .
its just for eduactional and for analysis purpose. dont trade on basis of this.
Tata Motors ATHTata motors in near to its ATH and it has a great confluence of support n resistance. Pls see the chart to understand it. Above 351.50, I am bullish but blue lines are made as reversal points using Fibonacci and gann technic.
Breakout In Alembic PharmaDisclaimer :- This is not any buy or sell recommendation. This is just my view on this counter. Kindly consult with your financial or investment advisor before investing.
There is a fresh Breakout generated in Alembic pharma. With double bottom pattern. And looking good above 990.
Next levels as below :-
Upside levels :-1037 --- 1084 ---1144
Support levels is around 970.
Thank you !!😊
SUN PHARMA ADAVANCED RESEARCH SPARC has made a breakout above its resistance of 210,with a inverted head and shoulder pattern.
Volume increase on formation of right shoulder followed by a breakout gives a strong confirmation ..
Upside potential of 40-50%
Target 340
AARTI IND It has achieved T1&T2 targets today,if it breaks the 1800 levels & sustain above it then looking at Fibonacci and pivot levels it can go upto 1850 & further 1888 levels,one should consider that there is a bonus issue in this stock
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.I Am not a SEBI registered advisor pls consult your financial advisor
Lauruslabs long signalNSE:LAURUSLABS Lauruslab all time high..in daily timeframe and as per elliote wave projection in 15 min today it had 2nd wave that correction and ay tomorrow it start 3rd impulse wave which ll go upto 720-23 ...hope for good...
caution: its only for education purpose tarde with ur own risk.
