buy @niftybank cmp 34320 spot sl below 34280 spot tgt 34380----3420 spot @Banknifty @index
Tata Motors after Mar 2020 low 63 moved up by making wave 1 as leading diagonal Next sub impulse wave (1) and (3) were normal waves without extension. So (5) was explosive up raising 300% or wave (1)+(3) at 357. After 357 high it retraced very small portion 0.232 Fibonacci level or 23% which is common in case of wave extended wave. It appears to be making cup...
Bank nifty going through triple zig zag complex correction and there is another 1000-1500 points correction possible towards 0.618 Fibonacci level. With sharp recovery from 33909 its unclear if its A or Z wave completed already and new impulse started? Monday will give Clear picture if its not able to cross channel top 35000 then we can expect C wave of Z to...
Chart is self explanatory FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS
Daily charts of Minda Industries shows breakout from a crucial range (purple). After that a retrace is being witnessed. Retrace is expected till the purple zone. Look for buying opportunities after the retrace and wait for confirmation candle. Also, after the retrace and a confirmation candle (with a good body and volume) it will also become a flag formation...
Nifty is no doubt giving a fantastic rally even with minimum participation from FPI's. Definitely a certain percentage of Retail Investors are afraid to participate in this rally, But all they have collected is few peanuts by turning into bears in the due course of time. Now let's keep Bulls and bears aside. As an opportunist we all shall be always alert with the...
Idea 9.45 / 8.8 are 2 important levels for Idea The stock is at important 38.2% Fibonacci retracement support levels Short term target 12 / 14 Exit if weekly closing is below 8.50 Sustaining above 14.5 levels and the doors would open for target of 22 / 28 At current levels it provides good risk::reward ratio to go long Take care & safe trading...!!!
The Stock took support at trendline and 0.5% retracement level so wait for any reversal and took the position or else wait for a breakdown Disclaimer: Please consult your financial advisor, Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
buy @Banknifty cmp 34760 spot sl below 34690 spot tgt 34800---34850
Breakout on daily charts with brilliant volumes. Seeing some selling pressure currently. Good to buy if sustains above 96.50 today. Add on retracements (after bounce back form retracements, add more) ENTRY: Above 96.50 (if sustains) Targets: 105, 115, 122++ (obeying the path marked) Stop loss: 91.30 (Considering buying around 96.50) TRAIL STOP LOSS FOLLOW IF YOU...
Dash MACD is showing a bullish divergence. it will take near support and from their it will raise to point mentioned in the chart.
buy @Banknifty cmp 35210 spot sl below 35160 spot tgt 35280----35330 spot
bank nifty Analysis phase 1- Fibo retracement 38.2% retracement from the May'2020 to higher high of 16th Feb 2021. Hence, down trend from 16th Feb to 22nd April is considered as a pull back. Analysis phase 2 - bullish move After 22nd April it moves very bullish with breakout around 22nd May over the trend line from previous high. this breakout confirmed bullish...
1) As per analysis, chart formed rounding bottom pattern, which indicates bullish momentum. 2) 1 Year trend line break out Possible targets as per Fibonacci are: 1) 600 2) 630 3) 700 Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below Educational Purpose Only.
AVANTIFEED seems to be reversing from its long term 61.8 retracement zone. The stock has been hovering in the 38.2 and 61.8 zone for almost a year. Looks like a good buy here for eventual target of 750.
Johnsons Hitachi (JCHAC) stock is hovering at its year-long support where it has struck multiple times in the past. We are also at the 0.618 retracement from Aug'19 low to Mar'20 peak zone. We are closely monitoring the price action at this level. Any signs of bullishness would be a good time to go Long for a sharp up move. Will post an update on this post as we...
Fibonacci is one of the important tool to predict and understand the retracement of the stock. MARUTI SUZUKI was in down trend since mid of Feb started retracement on 26th of Feb around 8610 and retraced by 38.2% till 7372, which is also a price at the current date. after this retracement it continued the down trend. A trend reversal is observed on 30th of...
BHEL is expected to announce it's quarter results today.. The stock opened gap down in the morning by over 10% and is still trading negative but the current close is much above the low of the day made. Should the results be favorable, the stock can fill the gap and give some nice move up. The low of the day tested the 50% Fib retracement level and has bounced off...