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Fibonacci Retracement

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:TMPVLong
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
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!!!
NSE:BANKNIFTYLong
by amoghn97
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