SOUTHWESTThe price has formed a " Double bottom " Pattern on a Monthly time frame which a bullish pattern , where as in daily time frame the price has broken the channel pattern wait for a retest for buying opportunities..
Fibonacci Retracement
JSW ENERGYThe price can consolidate within the zones and the break out will decide either to go long or short.. "EDUCATIONAL PURPOSE "..
INDHOTELAs price is in a channel pattern and it is making higher highs so the price can break the trend line and move above the support zone and might retest to move upwards.. "EDUCATIONAL PURPOSE" ..
Havells long term analysis ! As shown in chart, havells gave good momentum after double bottom formation, and broke descending channel with massive volumes.
Possible targets as per 1w time frame analysis:
1) 1350
2) 1415
NOTE: This Analysis Based On 1 Week Time frame,
Targets May Achieve Within Period Of 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
TATA MOTORS In a Final Leg Higher: Elliott Wave AnalysisTata Motor made the Elliott wave on the 4h time frame. The Elliott wave pattern started on the 24th of September 2020. And made the 4 waves, and the fifth wave is remaining. It has to cross 190 - 200 to complete the 5th wave.
Whirlpool will move further, Trend intactPlease Refer the breakout idea attached.
All observations on chart.
After showing oneway move after breakout, Whirlpool gave a pullback from 50 % Fibonacci level, which is healthy sign for the Trend.
Spotted this very late but surely it will make new highs.
Next target as per Fibonacci extension is 2800 & 3000.
Not a Tip nor a recommendation.
HAL Following Fibonacci RetracementsOnly some charts follow Fibonacci Retracement levels this beautifully. Keep a watch on this as Retracement Levels will act as good Support and Resistance levels in the future as well.
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
Maruti Near Term Fib LevelMaruti Near term Fib level. Maruti is trading in Rising Parallel channel\. expected it to Rise until 9600
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.
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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.
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
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CANFIN HOMES BUY ABOVE 515, TARGET 580 !! It Breached 3 Yrs Old Trendline !!
May face 514 As Resistance level.
BUY ABOVE 515 !!
POSSIBLE TARGET 580
NOTE: This Analysis Based On 1 Week Timeframe,
Targets May Achieve Within Period Of 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
TATA STEEL CAN GIVE GOOD MOMENTUM ABOVE 650 LEVEL (BULLISH) Tata Steel Gave Great Breakout in previous Trading week, with massive volumes,
Now, it can be continue its Bullish Journey if it's sustain on 642, (That is 78.6% Fib Level) ..
Target 1 : 690
Target 2: 750
NOTE: Its 1W (WEEKLY TF) That Means Above Predictions Can Be Right In 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
