Please see the chart for my perspective and interpretation of the price action for Kalyan Jewellers stock. With this post, I am trying to adopt a more explanatory approach towards my analysis along with an attempt to make charts more visually appealing and clutter-free. For any feedback about the analysis or the presentation, feel free to drop a comment below....
There is a sharp recovery from the 78.6% fib retracement level and now stock is hovering around 61.8% retracement levels.. Open position when price closes with a green (preferably long with volumes) bullish candle above 4600, can be easy 30% from here Intermediate targets are marked too. Fo SL use 4450
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Strategy : ✣ Channel pattern breakout on 1M chart ✣ Good monthly consolidation and weekly too ✣ On a weekly basis good retracement of 30% multiple times tested near that level ✣ Good triangle pattern on 1hr and 1d both ( Trade on TF whichever suits your setup...
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Common sense used: If you want to know the details of the trade I have posted a picture too of the same analysis with all its parameters defined well in description of that post, do check out that post its linked at the bottom of this post :) just for perfect...
👑 Drop a follow here: @Averoy_Apoorv_Analysis 👑 ----------------------- 🔥🔥 Target: 1000 Followers 🔥🔥 🔥 Common sense used : 📌 Weekly time frame: Make 2 fib from 2 different from one will give you 30% retracement of price and one will give 50% - a sign of extreme bullishness 📌 The supply zone is broken and now converted into a demand zone on those bullish levels...
Nifty formed today falling wedge pattern after few hours opening. This is also called ending diagonal appearing in wave 5 or C wave. Wedge broken channel price was thrown under channel made low 15637. Entire ABC move from 15916 completed near 15637. Wedge had confirmed upside with 15688 breakout point. Today it completed A wave of correction going up to 15710...
Nifty In morning post, the importance of 20 day EMA at 15677 and 61.8% retracement around 15628 was discussed and so was the level of 15735 Nifty respected all the levels very well ( 20 day EMA on closing basis, 61.8% retracement on intraday low basis and 15738 was the high for the day)😊 - Today's closing also reflects a Bullish Harami candlestick...
KSCL - Above 785 - 840 and 900 target
Positional Trade(2-3 weeks): Buy: Jubilant Foodworks CMP: 3118 Target 1: 3200 Target 2: 3230 Stop Loss: 3080
BUY : 85 TO 82 TARGET : 101 TO 108 Reason For Buying This Script : In this script it has formed cup & handle formation in weekly time frame , So we can go for buy . Note : Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target. ALL THE BEST ..
As many of my followers were asking about PRINCEPIPES, here is my view, Plz read the whole If still, your setups match go for it :) Logic points -- 1) On Monthly charts, It has not given a good retracement 2) On the day chart if you make a Fibonacci retracement from the lowest part till the near term high then u will see a retracement of only 0.2 3) Such...
Jindal steel taking support near 61.8% fib level after rally also forming a flag and pole pattern if breaks upper range with volume then it will be a good buy
Stock looks good for Swing and Intraday both. For Intraday wait for 5/15 minute candle close above 270
Stock is in uptrend Wedge/Flag pattern breakout Support at crucial 0.5 fibonacci levels
Go for long position on NSE:MARUTI Because 1. Positive Divergence in RSI. 2. Breakout after 0.5 level of Fibonacci retracement. Daily target at least 50-60%. Set your stop loss at a level of 0.5 Fibonacci retracements i.e; 7364.5.
DLF - level of 308-313 holds significance for the stock - given the set up one may consider to sell 320 Call option CMP around 6.3 - be cautious if DLF trades above 309 and exit if closes above 313 The strategy has a maximum profit potential of Rs 20790 per lot and has inbuilt loss protection for a rise in price up to 326.30 giving ample opportunity to adjust...