Current corona crises is going to crumble the economy more than 2020 and by the end of next month majority of annual reports will be out, those will not be positive at all. Overall we are going to witness disinvestment into the market. I have drawn possibilities where market is going to retest the levels.
Infy at long-term trendline support, taking support at 61.8% fib level. Can go up to 1500 easily.
A short view of fibonacci retracements for 2-3% upside on a 7-10 day time period.
This is just a short term outlook looking at previous trend patterns of BTC buy-sell cycles on a period of 3 months. A basic extrapolation of fibonacci levels can indicate short term long strategies of 2-3% upside over a period of 7-10 days. Let me know what you think.
Nifty forming a flag pattern and taking support at a golden ratio of 61.8% fibo-retracemet.
hey guess have a nice day lets start 1)its a down trend 2) fibonacci retracement 0.168 level 3)200 EMA 4)STOCHATIC RSI #NIFTY50 #Fibonacciretracement #candlepattern #downtrend
Seems like Nift forms a kind of Head and shoulder pattern. and there could be possibility of NIFTY stopping at 13750 Level. Lets wait and see where market has to head us in coming days. Keep Learning.
After retracement of 31% on weekly chart. Syngene is ready to bounce back.
Clearly we can see that at every major fibonacci levels the stock had a response. yesterday stock has touched 38.2% retracement which is good though not considered very strong because a retracement of 61.8% and bounce is considered very strong. Also this is expected because of the external influences. a 38.2% retracement is healthy and bounce here can take the...
A few levels on which Bajaj Finance should find support while it corrects its full post Covid journey past one year. These levels are illustrated to understand how much downside is still left as a probability. Generally it comes down beyond 200 SMA before it bounce Upside, so 4200-4300 level works to support NSE:BAJFINANCE . Look out for these levels of rejection...
BNF is under pressure due to lockdown and increase in COVID news. After a huge gap up, most of traders were long on trade under intention of recovery but BNF has hit all the stoploss. Before ending mondays session we can see some increase in size of green candles indicating that either there has been a profit booking session and we can see some later effect...
Nifty View: A huge knock to the benchmark Nifty in today’s session as the index lost over 500 points. It was all out selling from the very beginning when the index gapped down over 200 points. The short term trend which was trying to hold up has mercilessly turned down and now we have an index which is in a down trend across both immediate and intermediate time...
Volume accumulation is confirming a downtrend. Here, the price is in a downtrend. But if you look for the short-term, silver price has started rising nearby the retracement value of 0.382. We may see a bullish reversal from the 0.236 value for 0.382 to 0.5. MCX silver futures prices may hike to the levels of 66000 - 66600 - 67000 - 68000 . Overall, a clear...
BO with recorded high volumes now at retest Buy at CMP (good buy zone is 50-45) weak below 38(Small cap so please maintain SL below 38 on closing basis) target of 64-74-90 Resistance acts as Support near 49-47 Also Fibonacci retracement zone (61.8%) near 48 Increasing volumes during uptrend volume dry up during consolidation
* This Stock trading near its major support area (0.618) FIbonaccci retracement level and made a rounding bottom pattern . All technical evidence gives a bullish sign .
Info edge could be completing 4th wave correction or may give final correction in Z wave till 0.618 fibonacci level. Other details on chart. Since exact end of 4th wave not know so Swing low would be stop loss DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are...
Cairn Energy to file lawsuits in US, other nations to seize Indian PSU assets to enforce $1.2 bn arbitration award and its good to shor if breaks below trend line