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Fibonacci Retracement

Banknifty towards 36k in wave 5Wave iv was complex wxy correction and found support 0.618 fibonacci level of wave iii. Wave targets 0.618 of wave i+iii 36034 DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:BANKNIFTYLong
by Niftydirection
1
Tatamotors Flag and Wave 3 start Good Risk Reward ratioTatamotors Came Up from recent low with heavy volume. Retracement happened near 0.382 fibonacci levels 281 Looking Good for start of Wave 3 towards 315 as 1.618 fibonacci extension DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:TMPVLong
by Niftydirection
Nifty In flat correction Wave B about to complete. Wave B is complex correction which retraced more than 0.618 fibonacci level of wave A. Wave B can strech upto 16695 which is 0.382 fibonacci. Stop loss of this analysis will be 16703 just a point above all time high. Downside C wave targets would be 16400 or 0.382 fibonacci level retracement 16250. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
2
Nifty wave C about to startNifty wave A is 3 wave structure completed near 16376. Wave B was zig zag correction moving more thann 0.618 fibonacci level of wave A. Considering 16592 as top Wave C is expected to end in zones 16275 (100% of Wave A) to 16153 (138.2% of Wave A) DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
3
Hindustan Unilever long opportunityHello People! HUL has been taking consistent supports from the bottom trendline since 2018. Thus there is a high probability it would act the same way here as well. But I jumped in a bit earlier and I have solid reasons for that. The first being that HUL has shown a massive bullish candle right at support. So chances of a trend reversal seem high. The second reason is the solid weekly 50EMA and daily 200EMA support. The stock made a bullish candle right at these crucial averages. The third reason being that the bullish candle was formed exactly at the 50% Fibo level. Ideally, I should have waited for a confirmation of a trend reversal. But with Nifty breaching its All-time high and still going strong, there's a high probability that this reversal will be happening. Also, Risk to Reward is too good to ignore this trade. * STRICTLY NOT A BUY CALL *
NSE:HINDUNILVRLong
by Traders_Town
Nifty Upmove towards 16660-760 as wave 5Nifty retraced 0.236 Fibonacci with Irregular flat. Wave C of irregular flat was ending diagonal which finished at 16495.40 Upside wave 5 target is expected to move 0.382 Fibonacci extension 16660 or 16760 which is 0.618 Fibonacci. 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 upmove expected beyond 16700Nifty 15 min chart looks wave iii completed today for upmove started from 16162. Wave iv is expected to end between 16505 which is 0.236 fibonacci retracement or 16453 0.382. Consider 0.382 fibonacci retracement wave V target will be 16716 if reversal takes place from 16505 the target will be 16770. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTY
by Niftydirection
Amara Raja Batteries long opportunityNSE:AMARAJABAT Hello People!! Amara Raja batteries has been on my watchlist since the start of 2021. It gave a beautiful breakout in October 2020 and I was waiting for a retest. Finally, it is happening now. We can also see that along with a retest of the trendline, it is also consolidating in a flag and pole pattern for quite some time now. The stock is already at decent support and also at 50% Fib level. All these factors along with a good Risk to reward ratio contribute to it being a good long trade. Personally, I wouldn't be jumping at these levels. I would wait till there is a strong candle close above 61.8% Fib level. Would love to know your thoughts on this!! *STRICTLY NOT A BUY CALL*
ALong
by Traders_Town
Albert David - Approaching strong demand zone @ 525-30 LevelsAlbert David is coming out of a 2 year range with strong volumes. It first attempted to break free from the range in mid July, but could not sustain above the range high. It has now corrected and is approaching a strong demand zone @ 525-30 Levels. The Fibonacci re-tracement level of 61.8 also confluences with the demand zone. The RSI levels also show support in 50 zone. The volumes on correction have been thin suggesting it to be a pullback rather than a reversal from top. Going long @ 525-30 levels stands high probability of bring in a profitable position. The risk reward also stacks up well. One can buy Albert David @ 525-30 levels with a DCB Stop of 495 to take profits off when price crosses 620 (tgt - 1) or 720 (tgt 2) levels.
NSE:ALBERTDAVDLong
by Absolute_Investments