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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.
NSE:GICRELong
by Himalaya_Sudan
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
NSE:ONGCLong
by rohitmishraec
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. -------(((((Please LIKE or Comment)))))-------
NSE:NIFTYLong
by Niftydirection
3
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
TLong
by Nayaks_trade