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Fibonacci Retracement

Banknifty Deep Zig Zag correction in Wave (4)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. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))-------
NSE:BANKNIFTYShort
by Niftydirection
ONGC: 2nd Opportunity to Buy...!!!ONGC Closing Price 90.55 - The stock chart pattern was identified at levels of 67 and we have seen a stupendous rally - the current correction has brought it back to 38.3% Fibonacci retracement levels which if held can push the stock back to 100+ levels - a close below 87 levels may take the stock to 80 odd levels - since December 14th, Open Interest in Futures data was on a decline. However today we witness a 11.56% surge in Open Interest and closing has been above day's average - the way we see it, charts and data analysis suggest it still has unfinished business and can take the stock higher to at least 114 odd levels. - at current levels and on further dips, stock provide good risk::reward ratio and one may consider to enter from medium term perspective If you find the analysis helpful Do hit the Like button Follow for more such ideas...🙏🙏 Take care & safe trading...!!! Disclaimer: - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:ONGCLong
by indiamarketoutlook
2
YesBank- Is there a Possibility Of a Skyfall? The Yes bank is currently moving sideways by taking the support of 50% retracement of Fibonacci. ADX is less than 25 , which indicates a fall, but +DI is above -DI means uptrend. I have applied the moving average, which shows the fall, too. If the trend falls and crosses 17.60 , then the targets are following 17.30 - 17.00 - 16.70 - 15.40 . And if yes bank breaks the 50% level upside and breaks 19.00 , then the target will be 19.30 - 19.50 - 19.90 - 21.75 . Otherwise, it continues to move sideways.
NSE:YESBANKShort
by forextidings
POSITIONAL SHORT TO MEDIUM TERM TRADE ON VAKRANGEE !!Briefing about my multi-confirmation setup on VAKRANGEE : 1.Wedge pattern breakout : It has broken out of downward pointing wedge pattern and did a last kiss on the upper trend line. 2.Volume spurt : breakout is supported by good volume ,again a sign of building interest in stock. 3.Golden Crossover : 50 DMA crossing over 200 DMA from below , a good bullish signal. 4.RSI : taking support on previous resistance turned support and indicating up move. 5.Fibo 0.5 level : Fibo 50% is crossed and stock trying to sustain it. Personal view : Bullish Timeframe used : Daily Target : T1=55-56 , T2= 70-81 Disclaimer: These are just my personal observations and not trading or investment tips , please do your own research or consult an investment advisor before doing any investment or trading
NSE:VAKRANGEELong
by saikrishna9999
2
Exide with Potential UpsideDISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice 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)))))------------------------------- Exide gave good breakout with volume it should move upside from current price. After plotting Elliott waves we can see its in wave iii so There are two possible trades Short term trade: long near 180-82 Stop loss 169.5 for target 195 Positional trade: long near 180-82 Stop loss 154 target 226 in wave iii and 245 in wave v
NSE:EXIDEINDLong
by Niftydirection
Banknifty Ending Diagonal Final up-move towards 30700DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. Seek help of your financial advisor before investing/trading. I may or may not trade this analysis --------------------------(((((LIKE)))))------------------------------- Banknifty upside getting exahusted and trading in parallel channel making ending diagonal. On Friday before close made bullish candles and closed above major resistance 30000 suggesting upside still pending. Banknifty in impulse up-move and in wave(3) which usually goes Fibonacci level 1.618=30760 of wave 1. Then after that we can expect deep correction which should go 0.5 Fibonacci level 27186 or 0.618 level 26342 in wave 4 In Wave 5 expect to go near life time high.
NSE:BANKNIFTYLong
by Niftydirection
Bharti on "CUsP" of Breakout. Correct "HANDLE"ing KEEP WATCHBharti Airtel, After long period of downtrend and reversal confirmation is now poised for further upmove. As you can see from chart, Cup and Handle formation is on the edge of completion (NOT YET COMPLETE). Will complete if it closes above 500 in next 2-3 days. RSI > 60, shows strength to move now MACD Line cross over Signal Line. Spurt in Volume last week. Fibonacci 60% Resistance@500, which is exactly is the Handle Point. Watch out if this closes above 500, be ready for TGT of 550 - 600. SL - 444 on closing basis. Summary: 4 Bullish indicators (RSI, MACD, Volume and Trend) 2 Resistance Indicators (FIB 60% & Handle breakout@500 pending). Watchout for closure above 500. Keep a close watch PS 1. This idea is for education purpose and back testing only. Consult your advisor before any calls or position 2. Traders with risky appetite can take 10% position before the market lead
NSE:BHARTIARTLLong
by lotwalajanak
Nifty Upside fading Ending diagonal at 13180DISCLAIMER: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. I may or may not trade this analysis. Details in description. -------(((((Please LIKE & Donate Coins to support my analysis)))))------- Nifty forming ending diagonal in 5th Wave and upside looks to be over. There are two ending diagonals as you can see in chart. Max expected upside 13180. This analysis will be invalid if Nifty touches 13207. On downside 12790(0.382 Fibonacci), 12550 (0.5 Fibonacci) levels expected. One can wait for confirmation close below 12983 before touching 13207.
NSE:NIFTYShort
by Niftydirection
7