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Fibonacci Retracement

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
JSW Steel Extended 3rd and 5th Waves and Channel ResistanceStock has spectacular rally after March 2020 lows due to extended 3rd and 5th Waves. The channel has been drawn between mar 2020 lows and previous all time high. Now V of 5th is ending diagonal and Negative divergence seen on MACD. Break of lower channel line of ending diagonal would confirm downside which is expected to go 0.618 or more. Alternative to this analysis If stock moves past 460 it can head towards next Fibonacci extension points 485/524 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 50 LIKES)))))-------
NSE:JSWSTEEL
by Niftydirection
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. If you found this helpful, do like and follow. :) Do leave a comment if you have any questions!
NSE:BANKNIFTYLong
by ArcherDAVIS
1
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!!!
SLong
by ReeAishw
3