Fibonacci Retracement
DOLAT Weekly Breakoutit has given weekly breakout with good volume at 62 levels. it has retest breakout level on daily time frame.
Steady rise in volume on weekly since January.
it can rally upto 84 levels.
RSI is at 67 on weekly and daily
IEX on SupportIEX on support, it could either break it and take support on rupees 320, Fibonacci retracement level of 38.2%, or hold the support and move up. Watch for maintenance or breach and take a call accordingly!
TATA CONSUMER PRODUCTS "SWING TRADE"Tata consumer is standing at very crucial support once the ressisrance is broken and sustained we might see an up-move.
BANKNIFTY TRADE SET UP (MARCH WEEK 4)The market has been correcting for the past several days and BankNifty has moved down 11.5% from the high it made in February. This has presented some good shorting opportunities. While the market trend in the very short term remains bearish and long term trend being bullish , there is heavy volatility on either side.
After correcting for 4 consecutive sessions, the index had a good recovery on Friday, which may have trapped all the bears. If we observe the trend for the last 1 month of the 15 min chart, we can see how we are currently trading at the bottom end of the downward trend. The index has also made a very nice looking double bottom or W shaped patterns, which generally happen to be reversal patterns. Also, on Thursday's sell off BankNifty re-tested the 50% retracement level from the rally after the budget. Considering the region where the double bottom formation has occurred, I think it is highly likely that the market reverses from here and at least re-tests 35,000. I am more biased towards the bullish side for the coming week, although I am prepared to consider the short side as well incase the Thursday low is broken.
These are my personal views and I reserve the right to be wrong. Please trade with proper risk management.
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Do leave a comment if you have any questions!
ITC Channel and 0.618 Fibonacci LevelsITC previously corrected 0.618 fibonacci level after making swing high from march 2020 lows.
When channel drawn on swing high and March low 0.618 fibonacci level comes at lower end of channel. Coincidence or probability of downside in future.
ULTRATECH CEMENT "Channel Pattern" Bullish view
Reasons:-
1.Dynamic support
2.Price support
3.Channel Pattern
4.Volumes indication of weak down trend
5.Fibo levels @ 0.5%
If not an direct upmove we might see some consolidation and then the stock may shoot in upwards direction.
The EMA and the support are very crucial levels lets see if they could sustain.
BTCUSDInstitutions are the main reason that we are witnessing a bear market in a Bull cycle. I personally think that Institutional Traders wants to get in the Bull cycle at their particular price point. So kindly wait for the price action to play out.
Watch out for the above mentioned Fib levels in the chart.
Disclaimer:
Trade at your own Risk. I am not responsible for your own actions. These are my opinion and not financial advice.
WIPRO |SWING TRADE |15/3/21All the reasons for the trade have been explained in the video.
--HAPPY TRADING
SRTRANSFIN- Multi-time Frame + Fibo + BreakoutOverall the stock has a positive trend, but pullbacks are very deep.
- Requires proper breakout with volume.
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.
3) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
BEL | INTRADAY + SWING TRADE | 11/3/21BEL looks good for a long trade. All the reasons for the trade have been explained in the video
Shriram transport finance |POSITIONAL TRADE|10/3/21The price is halting at good level once the channel pattern is broken can take a long position.
QUICK HEAL TECH | POSITIONAL TRADE | 10/3/21Quick heal is at really crucial level in chart .If it gives break out the price might shoot up.
Gold DowntrendGold downtrend is illustrated in chart along with Fibonacci retracement levels. Gold has entered in oversold zone as per RSI, may bounce a bit and still continue downtrend
HPCL AnalysisConsidering a retracement on the higher Time Frame, HPCL looks a good swing trade for the coming months.
It can achieve 50% targets in before the next earnings itself. Let's see.
SBI 5th Wave ProjectionDISCLAIMER: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)))))-------------------------------
Long on dip towards 370-60
Stop loss 300
Target 500-540
Not recommended to take FnO positions based on this analysis
L&T Multi time frame + fibo + flag pattern In 2 hour timeframe stock has formed a flag pattern, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone .
In the30mins timeframe it has formed some price pattern and also Supported by 20 daily ema .
The Indicator Used:
PANEL 1:
1) Valuation band
KEYS: Red Faded Cloud: Over Valuation.
Grey Faded Cloud: Proper Valuation.
Green Faded Cloud: Under Valuation.
2) TE-REKAB - Proprietary Indicator
KEYS:
PB: Pullback
Blue Candle: Selling Divergence
Yellow Candle: Buying Divergence
Panel 2:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) Also On Lower Time Frame Charts.
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV , hope you got bucks in your pocket to consult a financial advisor before investing :P :)
M&M - Multi timeframe + Fibo+ Triangle. The auto sector has been really strong lately. In 1 Daytimeframe stock is nearby its lower trendline, Currently closed to proper valuation as shown by the valuation band in 1st chart. Also taking support from Demand zone.
In the 1Hrs timeframe it has formed a triangle pattern. It has completed 38.20% retracement and also Supported by 50 daily ema.
The Indicator Used:
PANEL 1:
1) Daily Lines Plots Daily 20 (BLACK) & 50 EMA (GREY), BLUE (200 DAILY EMA ) Also 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
If you like the analysis, do leave a like and follow for more such content coming up.
The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!!
EURJPYKeep a close eye! EURJPY near to Fibo 61.8 level + Demand zone + Strong SR trendline - All 3 points meeting up
Perfect setup for Entry on Fibo 61.8 level
