Fibonacci Retracement
support at Fibonacci level, buy for 10-15% returnsHas taken a support at Fibonacci retracement and is closed above the important level.
UPL looking bullishUPL has made a bullish candle at the support level with the volume being expanded for the day. It can make an up move from the current levels till 200 EMA or till 480 levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
Nifty Short term Downtrend outlookThere are 2 Parallel channels given where the shift of track shown in the chart but there is a beautiful Harmonic XABCD pattern created which has always maintained the Fibonacci level when retrenching.
On that base and present trend analysis, I have tried to understand the recent move of Nifty Future ( present continuous) with the given target level and stop.
Balkrisind Long!!!!Few days back BO give above 1410 with good volume and trade was shared
All time high-11514
now 1410 resistance becomes good support and good volume seen near this support
support zone of demand zone---1336 to 1195(which is also fibo retracement 78.6% and 61.8%)
bullish in all time frame
comfortably sitting above all important moving average
very bullish structure
XAUUSD PredictionXAUUSD Predict this way.. its going upper trendline and going down trend
i follewed certain rules. its educational purpose only.
#GBPJPY
#CopyCat Forex
!!Trust Fibo, Trust Trade!!
Potential breakout - Channel pattern61.8% support taken & trend reversed.
Possibilities of channel breakout & strong up movement.
Nifty Analysis for November 16, 2020 weekBased on levels and trendlines .
Longer levels are strong support and resistance (for day trading and swing trading) and shorter trendlines are weaker support and resistance (for day trading and scalping).
Short Reliance - Target 1600, But be cautiousIt's purely based on Fibonacci levels.
I believe Reliance will be touching 1600 in near future.
Short Risk/Reward Ratio is 4.15.
STRICT Entry point at 1978, (Enter only if this level is reached)
Target - 1600
Stop Loss - 2069
Elliot waves from Oct 29 Great ExampleWe see:
0-1 Impulsive wave
1-2 Triangle correction wave
2-3 Impulsive wave
3-4 Correction
4-5 Ending Diagonal wave
And the immediate fall
Banknifty in Leading Diagonal 5th Wave coming to EndFrom March Lows Bank nifty is slow mover but now formed leading diagonal which is sign of uptrend coming in future.
But right now we will experience corrective wave to 5 wave leading diagonal before uptrend.
Current price 26798 and at parallel channel resistance max 27000-27162 can be expected.
We can see zig zag wave (a)-(b)-(c) from 27000 levels.
Wave (a) is expected from this point towards 25232 or 24432 (0.236 Fibonacci level of wave 1-5 of leading diagonal)
Wave (b) should retrace towards 26361 (0.618 Fibonacci between all time high and march low)
Wave (c) should retrace towards lower end of channel towards 23000 or 22842 (0.382 Fibonacci level of wave 1-5 of leading diagonal)
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.
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ITC Deatiled 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)))))-------
Target price for wave v or wave (C) was actually 150 based on Fibonacci retracement plotted between wave 3-4
Planned video was around 10-12 minutes, plotted waves and targets for wave v(wave C) didn't got save so went ahead of time and become 16 min :D
Nifty movementsEnded just below long term trend line at 12275, strong resistance can be seen. Might range for some time horizontally and if it fails to break 12275, then downward movement can be expected beyond the wedge. If breaks, next Fib ret. resistance at 12357, ATH resistance at 12430, if momentum from BNF continues, might as well breach 12430 and reach towards 12600 where next correction can be seen.
Nifty Impulse Wave Sequence from recent lowDISCLAIMER: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 should be consolidating in the zones of 11800-11750-30 as wave iv then should move towards 11885-900-925
Invalidation level 11690
Nifty correction Tripple Zigzag countDISCLAIMER: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 after breaking 11690 we can be sure its still in correction and can head towards 11400 levels filling two gap as shown in chart.
Invalidation level
DOW JONES : SIMPLE FIBONACCI LEVELS Rejected from 90% retracement level and broken the 78% level. next imp level is the golden ratio 61.8 % .
