Levels on #NIFTY for today's trading sessionOn one hand, it's made Double Top and on the other hand, it Bounced From the 68% Fibonacci Level, so overall mixed sentimental market.
Fibonacci Retracement
Strategy For GICRE | Long or Accumulate1. Consolidating in a box having area of 20 points
2. Retracement done from high to low (0.5 fib level)
3. Double Trendline Resistance
4. Decent delivery percentage (around 43% on 14/ 05 /2021)
TWO STRATEGIES :
(1)
Buy above 204 for a near term TARGET OF 215-220
SL - 199 (daily closing basis)
(2)
ACCUMULATE TILL 0.618 fib level.... a good move till 240 can be seen.
Time : 1 Month
FAVOURABLE RISK TO REWARD = 1:4 (for Target->218)
TIP : FINANCE SECTOR IS WEAK AS OF NOW.... START BUYING....IT CAN SHOOT UP ANYTIME :)
Trade according to your RISK MANAGEMENT .Levels provided are just for educational purposes.
Feel free to share your feedback and queries.
#M&M Falling wedgeIt has formed a falling wedge which is re-testing the trend line exactly at 61.8 FIB level. A breakout will result in an uptrend for the next few weeks.
We have given you all the possible outcomes in case of a breakout.
Educational purpose only - kindly do your own research.
Good Luck.
ONGC LOOKING BULLISHIt is forming a CUP and Handle Patter
And a bullish channel
Upside targets
T1= 116.50
T2= 121.50
T3= 122.50
T4= 125.70
Currently retracing to form handle and touching lower line if the channel at 0.382 (112.85) of FIB retracement. If sustained, then it can quickly achieve targets on long side and it is not sustained then the fresh targets for downside are
T1 = 109.85
T 2= 106.90 ( if breached can see lower targets till 97.5 which will act as support)
NOT A FINANCIAL ADVICE ONLY FOR LEARNING
T~1 = 116.50
BANKINDIA - Nothing as Rocket Science!1. Price has taken good support from 62.50 levels
2. After a pullback of ~ 38%. bulls have taken back the control which was clearly visible after the price broke out above the trendline with over an average volumes (in 4h + 1d time frame).
3. With PSU bank taking control of bank nifty, these mid PSU banks can also perform well.
Nifty impulse wave count and conditional upside breakout pointNifty came down in Zig Zag wave with C wave reaching 14650.
This is important support near trend line, interestingly that is near 0.618 Fibonacci level
Until 14782 gets broken there is no upside confirmation.
Once breaks will attempt new high as 1.618 Fibonacci extension above 15550+ or minimum 15210+
Bearish below 14460 so 14782-14460 is no trading zone.
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.
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CIPLA swing trade ideaAfter an implusive move the stock has pulled back and is taking a support at fibonacci retracement level of 38.20% and 50ema, and stochasticRSI is crossing over. A break above the descending trendline will be a good buy opportunity for swing trade.
BRORENEW-TRENLINE & FIBO BREAKOUTStock has retraced to 50% fibo levels & now ready to move ahead .
one of resistance has also been breached .
TATA STEEL BSL AT EDGE TO GIVE 30-50% PROFIT FROM CURRENT LEVELwe can buy tata steel bsl at current market price with a first stoploss of todays(10-05-2021) low 98 and second stoploss of 85 which appear on recent red candles low on daily time frame for 1st target of 135 and 2nd target of 155 .
logic behind the trade is 1- we see a large rounding bottom with breakout
2- for stoploss we use todays(10-05-2021) low and recent red candles low on daily candle which is 85
3- for 1st target we see from where the the stock get resistance in 2014 and for 2nd we use Fibonacci Retracement
1770 as strong support with trendline and fib ext, buy the dip!!The stock gave a huge rally since 24th feb and now started to retrace near 1700 levels, if it sustains 1750-1770 on hourly basis go for long!
CEAT : Falling Broadening WedgeIt’s a positional call, stock has retraced more than 38% since last year fall. This price level holds important support level of historical prices, volume and retracement ratio. Buy 30% between 1290 to 1320 then if prices does not hold wait for 1200-1150 it’s a ultimate support add 30 % more on pull back and when prices will go above 1400 add remaining quantities. Support and resistance are highlighted. T1 : 1400, T2 : 1580 and T3 : 1750
LONG FOR EURUSD 🔥Good retracement from 382 fibo Level and price can show good bullish momentum!! go with the Trend and make good money 💰💸
Fibonacci retracement targetsAfter a high volume breakout VIDHIING targets decided by fibonacci retracement levels
Nifty took 0.50 Support - 1hr timeframeOn 30th April Nifty50 took 0.50 fibo support.
Make or break situation now.
If 0.61 i.e. 14490- 14510 is a major support on 1hr timeframe.
This only for study purpose. Do your own analysis before any action in market.
TCS Up-Trend expected to Continue till 3150Last level of Fibb Retracement has been broke today. The prices are further exppected to continue the Up-Trend.
LOOK AT LEVELSat a very imp level of Fibonacci have good volumes can have a retracement as well so wait for right opportunities
DON T HURRY UP
Biocon Shorting opportunityBiocon is week below the trend line, wait for the 1-day time frame candle closing below the trend line.
Safe entry will be at 391.
Stop loss at 429.
Safe target 1 at 371.
Target 2 at 362.
Target 3 at 325.
Nifty next moves After a weak session today, nifty is ready to head towards 14000, if nifty goes below 14412-15, next target would be 14340-14230-14100 as shown the fibonacci levels. Break of these levels are necessary for next target and pullback will be there for shorting opportunity.
But overall after 14412-15 break 14100-13900 doors will be open with both hands.
On the upside to move towards 15000 again nifty need to break 14725 level and sustain to go towards 15000-15300
ICICIGIICICI Lombard General Insurance :: Taking support here and can be seen through previous support and Fibonacci levels.
Expecting a bullish move..
(Only drawback is Nifty is correcting and might create trouble for this counter)
Follow my page and inbox me for the Entry/Target/SL
Disclaimer: Strictly for educational purpose..
HINDUSTAN UNILEVER HUL is looking good to buy @ CMP :: (it may test your patience)
Do follow my page/hit the like button and inbox me for the Entry/Target1-2-3 and SL.
Disclaimer: I may or may not trade this setup, kindly do your own analysis before initiation any trade.
