Notable points: 1.Stock is taking support at major weekly trendline support area, also same zone is a previous resistance which turned into support now. 2.The stock is at 50% fibo support and seeing some buying interest with formation long lower wick candle at the support. 3.The stock is almost bottomed out in RSI , thus can expect a bounce from this area. 4.The...
Wave 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...
NIFTYMETAL/NIFTY ratio chart is exhibiting retracement from its pullback from last highs. The ratio has shown successful retracement toward 0.318 Fib level and seems to have successfully bounced from that level. This is bullish development for the metal stocks in the coming weeks. We may see the price going back to the previous high and beyond.
ULTRACEMCO has made a beautiful Pole and Flag Pattern on a Daily chart. In addition, it has bounced off perfectly from Fib. 50% levels with good volumes. Good swing candidate for a target of above 8000 with a nice risk to reward ratio. May enter after the break of Flag
Tatamotors 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...
GBPUSD in ascending triangle breaking of pattern will give good direction move
nifty stuck in narrow range of 16500-16720 range bond market currently nifty has supply zone near 16700
NSE:RELIANCE After 1 yr of consolidation Stocks looks Strong on Weekly Chart. Trading between 61.8% & 78.6% levels as per Fib Retracement. once closes above 78.6% then will go for 100% and will try to creat ATH. and above it strong upward rally can be seen once again. **EDUCATIONAL PURPOSE
BSE:GESHIP GESHIP is showing recovery from pullback. If the breakout above the 345 Level Its good bet for Target of 380.
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...
FTM/USDT is taking resistance on the Fibonacci Re-tracement level. Also RSI is highest somewhere around 80 and MACD is about to give crossover. Yellow box is the buying zone and can give up to at least 20% in short term. If holding don't exit (buy more on support),if not enter after 4 hr candle closes above in yellow zone.
FTM/USDT is taking resistance on the Fibonacci Re-tracement level. Also RSI is highest somewhere around 80 and MACD is about to give crossover. Yellow box is the buying zone and can give up to at least 20% in short term. If holding don't exit (buy more on support),if not enter after 4 hr candle closes above in yellow zone.
Nifty 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...
Hello 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...
Nifty 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...
Nifty 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...
NSE:BAJAJFINSV price flag pattern bana rha hai. jo apne high se low volume ke sath 38.2% retrace hua hai. price ne abhi retest kia hai ab ye relly ko ready hai. buy call= 14168 stoploss = 13682 exit = 16400 ya jab 30 min ke 200EMA ko break kare. NOTE: ENTRY KA RIGHT TIME 13900 THA JO LATE HO GYA HAI. BUT ABHI BHI ENTRY LI JA SAKTI HAI.
NSE: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...