Get started

Fibonacci Retracement

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
M&M Wave 4 Elliot Wave analysisDISCLAIMER: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)))))------- M&M Wave 4 Elliot Wave analysis Case 1: If this is symmetric triangle then should end E wave near 610-605. After this if breaks and closes above 631-33 then 740 can be wave 5 target, Stop-loss will be 567 Case 2: If wave iv is Double three correction pattern. This will be confirmed if breaks and closes below 590. We can expect 551 (0.382 Fibonacci) level then target will be 726, Stop-Loss will be 537.
NSE:M&MLong
by Niftydirection
BNF Trade setup for Nov Last week 2020BNF has been really bullish since it broke its major MA line (Weekly and Monthly SMAs) Shorting levels: For this expiry week, 28808 is major support, next major support is 28030, if any of these are broken intermediary high oi strike price supports such as 28500 are possible. These levels ca n be used to short the stocks Long levels: Above 29233, there is long time resistance of 29350, then 29600 and 29860 beyond this its got limited resistance from high OI strike prices, aprt from that it is strong till 30750 Further a trend-zone can be observed like in Nifty, if it breaks either side, good opportunities.
NSE:BANKNIFTY
by DualityPeaks
Nifty 50 Trade setup for Expiry week of Nov 2020Nifty is in critical juncture of end of 5th Elliott wave both in short term and long term (since March). With lots of positivity in BNFS and stimulus and FII pumping in money, chances are the corrections will be delayed. However it is bound to happen. So in this duality, the white lines provide correction starting from 12963 itself, and the other Elliott wave lines provides correction after 13K. Either ways, if we follow the Fib-retracement lines for support and resistance, can do significantly disciplined scalping in Nifty indices. Nifty above 12964 has capacity to reach 13500s. There are couple of resistances including 13106 and other option strike price level resistances. Further below 12964, levels include 12770 and 12654, can consider 10-15 pts error margin and initiate and end positions at these levels.
NSE:NIFTY
by DualityPeaks