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Fibonacci Retracement

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.
NSE:MARUTI
by amoghn97
ONGC - PRICE ACTION ANALYSIS💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲 🔰 {Some info} ➼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 :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:ONGCLong
by Averoy_Apoorv_Analysis
4
Nifty zig zag 4th Wave correction on the wayWave C is expected either be a ending diagonal or zig zag going down in the channel as shown. Once this move is done near 15580-50 levels another big move UP will take place. Target 1 level as you can see 0.618 Fibonacci retracement near 15580 or 1.382 fib extension of Wave A. Target 2 level is 1555 is 1.618 Fibonacci extension of Wave A 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:NIFTYShort
by Niftydirection
2
BURGERKING has begun retracing after the correction(Fibonacci retracement in weekly chart of BURGERKING, from swing low of 14th Dec 2020 to Swing high of 17th December 2020.) It is retracing after making a dip around 0.786 region (120-130 INR) and has crossed 0.618 region (148.5 INR). It might speed up again above 157-159 region. Maintain strict stop loss below this 0.618 region. You may hold the trade up until 180-185 region. Risk takers can wait till 192-194 region. Above 194 could be riskier than usual. Because when it got listed, it hit Upper circuit for straight 3 days and stopped this streak at 194. The very next day, it began falling steeply. PS: I am not a SEBI registered advisor. Enter in trades after reaching out to your advisors or at your own risk.
BLong
by IamGeorgy
SAIL can go up if it beats latest Tweezer TopThe fib retracement drawn between the low on 19th April’21 and hight on 10th May’21 says it can retrace to 135 and then 150 levels. But now it has formed a Tweezer Top pattern in the daily charts . Levels to watch out for are 121.05 and 113.35-116.5, which are respected since 2007 and 2011 respectively. If they are breached downwards then those who are holding should be cautious. Those who want to engage safely should wait till it goes up above 126. If that happens, then target 1 should be 135 and target 2 should be 150. Stop loss under any of the supports which it respects. PS: I am not a SEBI registered advisor. Enter in trades after reaching out to your advisors or at your own risk.
NSE:SAILLong
by IamGeorgy
⭐ JSWSTEEL | Monday possible setup🔰 MY thought process : ⭐ Making an amazing descending triangle pattern after a really big move, a break of this trendline on 30mins/15mins = a possible good trade ⭐Plan: we want a break of 706 LVL with power and volume = a breakout of the setup = our trade gets activated :) ⭐Plan: Then we wait and do nothing :) that's the best way to earn money tbh :), people who start thinking what will happen exits the trade on a red candle which makes their trading career worse so just have faith in your RR management and keep an SL below that candle that's our small risk and targets are - 1)730 and if u wanna hold it than 760 are good ones :) 🔰Am I taking this trade: I might if I find it as planned :) 🔰 {Some info} ➼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 :) ➼These charts are my and only my work, my thought process, just from an educational point of view and no calls. <<<<<>>>>>
NSE:JSWSTEELLong
by Averoy_Apoorv_Analysis
13