Fibonacci Retracement
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
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)
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Disclaimer: Strictly for educational purpose..
MUTHOOTFIN - Multi-time Frame + fibo The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) On Lower Time Frame Charts.
2) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
PANEL 2:
1) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
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The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
ITC is just getting ready to go UP || GOLDEN ZONE FIBHi guys, as visible in the chart.
When ITC fell in Mar 2020 and later retraced to the 0.5 - 0.6 fib levels and after plotting a chart similar for the current levels we can see that the stock is hovering around the next 0.5-0.6 fib levels which makes it a high probability to shoot up in the near future and make another move of 37% anytime soon.
Keep accumulating and wait for another move.
FYI : I am personally invested within an average range of 195 / share.
Cadila Healthcare: Fibonacci ExtensionCadila Healthcare perfectly retraced from 0.618 Fibonacci level. With the increase in volume as price moved up and the news of Virafin getting approval for treatment of moderate COVID-19 patients Cadila seems to be in a very strong up move.
On Fib Extension 1.618 level(Rs. 640) can be reached very shortly.
Cadila has also given closing near a long term trendline resistance.
Nifty 50 : expected to fall more by end of may2021Current corona crises is going to crumble the economy more than 2020 and by the end of next month majority of annual reports will be out, those will not be positive at all. Overall we are going to witness disinvestment into the market. I have drawn possibilities where market is going to retest the levels.