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Fibonacci Retracement

FIBONACCI TRADING TOOLSHi There are 3 popular Fibonacci tools viz. Fib retracement, fib extension and fib projection. Most of the times traders get confused with these three and make wrong calculations. These levels can be calculated manually but most advanced trading platforms provide tools so that you don't have to go through the time consuming process of writing everything on the paper. In TradingView platform there are Fib retracement and Trend-based Fib extension tools, in the left pane of the chart window, for this purpose. Fib retracements is the most popular among the three tools mentioned above. When a stock is in a strong uptrend and then it pulls back, this tool gives us potential reversal points where the pullback might end. These levels are 0.382, 0.5 and 0.618. We should look for some bullish pattern in this zone if we want to enter into a trade. Fib extensions is a least known but still useful tool. It is used when the pullback is over and we have already taken an entry. It is calculated from the length of the pullback itself. It gives us targets which we should be looking for to exit the trade. Levels 1.272 and 1.618 are the popular ones among others. Fib projection is also a popular tool to identify the targets to exit a trade. It is calculated form the length of the impulse as well as retracement. I hope this information would help some traders in taking better trading decisions. Regards JJSINGH
NSE:NIFTY
by Bravetotrade
18
Nifty looking for zig zag correction 15th Jan 2021Bounce retracement towards 14530-50 possible after which should go down. Confirmation entry on sell side if 14435 breaks (non risky wait for this 14435 break level)then 14400-14300-14270 possible on downside Stop loss of this analysis 14618 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:NIFTYShort
by Niftydirection
21
Tata Metaliks is in Bullish and accumulateIn continuation with the previous post of Tata Metaliks it is clear that the scripts is in bullish trend. This script is perfectly working with all the important Fibonacci ratios since the trend has started in this hourly chart. Now , I am expecting this move will continue till 663. It may ride ahead towards next level i.e. 703 level or it may retrace till 621 level and may ride once again till 688/703 level. This stock is a fundamentally strong script may give a multifold return.
TLong
by absu21
6
Nifty Ending Diagonal About to Complete 11-Jan-2020Keep watch on level 14380-14428-14472 for reversal point Depending on above levels possible downside levels 14060-14080-14096 These targets are of 0.618 Fibonacci levels of length of Ending Diagonal Wave 5(4-5 orange colour). Below 0.618 move will trigger further fall next levels will be updated once top is formed DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:NIFTYShort
by Niftydirection
(COMEX) GOLD SPOT - Next Big Move (EWT)(COMEX) GOLD SPOT started to make the bearish Elliott wave. After making the 3rd wave, it started to make the 4th wave. It may see 1970+ The trend will fall again after a particular level around 1965 , to make the 5th wave. And after taking a reversal, it will fall up to the dynamic support. After the breakout of the dynamic support, it will hit 1900 - 1886 , up to the resistance, and after breaking resistance, the trend will touch 1850 - 1790 . But what if starts to move upside? 1. If it starts to move upside, 2. Or takes a reversal from a particular level Then it's the failure of the Elliott wave pattern. And the target for the uptrend is as following 1979 - 2000 . Analysis Based on the indicators: DMI - ADX is less than 25 means downside movement, and +DI is above -DI that shows an uptrend. RSI is showing a downtrend.
COMEX:GC1!
by freestocktips
2
BHEL Elliott Wave Analysis Jan 2021DISCLAIMER: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)))))-------------------------------
BSE:BHEL
by Niftydirection
1
CRISIL AT MULTIPLE SUPPORT LEVELThe positive pointers to go long:- CRISIL has made a pullback to 0.236 fib levels, matching the price action support levels at 1900. The RSI has made an breakout, the price may follow it ( once the declining trendline is broken). The price is at the upward sloping trendline. Aggressive trade is to go Long at current levels. Conservative trade is to wait for a breakout with volume on the declining trendline. SL level at 1775 Target levels @ 2110 / 2300. Other interesting thing to watch is the volumes on the down days. The decline from the top has see 5 above avg volume distribution days, making one to proceed with caution if one has to trade long.
NSE:CRISILLong
by RAJNAM
Symphony Cool Volume before Summer heat!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)))))------- STOP LOSS 799
NSE:SYMPHONYLong
by Niftydirection
1
Lets find New Nifty Top with Fibonacci and Elliott Wave TheoryDISCLAIMER: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)))))------- Lets find New Nifty Top With Fibonacci and Elliott Wave Theory To everyone's surprise Nifty after declining more than 3% on daily chart on 21st Dec 2020 recovered and mere few points away from 13777 Look at Blue Impulse Wave plotted on Chart Now with Gap up opening on Thur 24th Dec it is confirmed that wave 3 in progress and wave 3 ended above 1.618 Fibonacci level Wave 4 was very short and didn't even retrace 0.236 levels so now if wave 5 is in progress then should reach to 13940-65 Now Look at Orange Impulse Wave Wave 3 in extended case can go till 2.618 Fibonacci level 14017 next in wave 4 again 13700 will be tested finally wave 5 should end at 14212
NSE:NIFTYLong
by Niftydirection
1