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Fibonacci Retracement

Good opportuniy to invest in GOLD.All observations on chart. MULTIPLE CONFIRMATIONS & EXPLANATIONS OF DRAWINGS As you can see gold bounced tom 38.2% fibonacci level a good level to buy the dip. 19% correction from the top till pre covid levels Falling channel pattern visible on charts, usually gives good move on the upside. Double bottom pattern breakout given today. Price comfortable above 20 moving average & made a new swing high Overall this is attractive price to enter from long term view.
TVC:GOLDEducation
by varadtambolkar
6
SBIN following fibonacci series strictlyClearly we can see that at every major fibonacci levels the stock had a response. yesterday stock has touched 38.2% retracement which is good though not considered very strong because a retracement of 61.8% and bounce is considered very strong. Also this is expected because of the external influences. a 38.2% retracement is healthy and bounce here can take the stock beyond earlier high. I would like to consider little below 23.6% (306) as a stop loss and go long. My first target would be 344 and 2nd target is 362.
NSE:SBIN
by Lion4may
How much Downside might be due in Bajaj Finance? A few levels on which Bajaj Finance should find support while it corrects its full post Covid journey past one year. These levels are illustrated to understand how much downside is still left as a probability. Generally it comes down beyond 200 SMA before it bounce Upside, so 4200-4300 level works to support NSE:BAJFINANCE . Look out for these levels of rejection and wait for confirmation to Up-side when it breaks out from a Trend line drawn in the Chart. Predictions are merely for education purposes. No Trading Advice whatsoever in this profile.
NSE:BAJFINANCELong
by Vikas_Narayana
Banknifty long setup on 15 mins chartBNF is under pressure due to lockdown and increase in COVID news. After a huge gap up, most of traders were long on trade under intention of recovery but BNF has hit all the stoploss. Before ending mondays session we can see some increase in size of green candles indicating that either there has been a profit booking session and we can see some later effect tomorrow. Using Fibonacci we can observe that BNF after a sharp fall is sustaining near 0.38% level. We expect that BNF can test 50% & 61.8% level in order to continue a healthy retracement. The gap diff between levels is still under a price of 250-350 points. Our first target will be 31100 at 59% level and 31250 near 61.8% level. Trade safe.
NSE:BANKNIFTYLong
by Trademint08
3
Nifty InstaView 12 Apr’21: “Bear” Burps 
Nifty View: A huge knock to the benchmark Nifty in today’s session as the index lost over 500 points. It was all out selling from the very beginning when the index gapped down over 200 points. The short term trend which was trying to hold up has mercilessly turned down and now we have an index which is in a down trend across both immediate and intermediate time frame. This is not a good sign. The index is now close to the low fo 25th March’21 which can try to provide some support, but considering the kind of momentum with which the index sold off today, its doubtful whether index will slow down anytime soon. A look at the 75min chart definitely shows a beaten down index which is deeply over-sold and so some degree of consolidation or ease-off is likely, but one should not attempt to call a bottom yet and aggressively look to buy. It’s prudent to wait out for the selling pressure to slow down first. Thank you for following my work and please feel free to share your thoughts and suggestions.             
Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
Info edge 4th wave double or triple correctionInfo edge could be completing 4th wave correction or may give final correction in Z wave till 0.618 fibonacci level. Other details on chart. Since exact end of 4th wave not know so Swing low would be stop loss 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 an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisors before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NAUKRI
by Niftydirection
2