AMBUJACEM has retested its 2-year trendline and made a bullish candle for the day, with a good amount of volume. It has taken support from uptrend line as well as at 38.6 levels of the previous upswing. We can expect a good move from here. Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before...
The Yes bank is currently moving sideways by taking the support of 50% retracement of Fibonacci. ADX is less than 25 , which indicates a fall, but +DI is above -DI means uptrend. I have applied the moving average, which shows the fall, too. If the trend falls and crosses 17.60 , then the targets are following 17.30 - 17.00 - 16.70 - 15.40 . And if yes bank...
As this stock is little overvalued but having very strong fundamentals. One can start accumulation of this stock in deep. The levels for accumulations are as follows 190/181/174/167/156/150. These are all Fibonacci retracement level for accumulations. The targets may starts from 214 / 253 / 273
AS PER FIBONACCI ANALYSIS, SILVER CAN GIVE GOOD MOMENTUM IF SUSTAIN ON 68,000 LEVEL, HOLD IF SUSTAIN ON 68 BULL TGT 69,900 BEAR TGT65,700 GO SHORT IF BREAK BELOW 67,300 Feel Free To Ask For Any Technical/Fundamental Query Comment Down Below EDUCATIONAL PURPOSE ONLY.
Briefing about my multi-confirmation setup on VAKRANGEE : 1.Wedge pattern breakout : It has broken out of downward pointing wedge pattern and did a last kiss on the upper trend line. 2.Volume spurt : breakout is supported by good volume ,again a sign of building interest in stock. 3.Golden Crossover : 50 DMA crossing over 200 DMA from below , a good bullish...
COALINDIA has broken out of its downward channel and is one of the last stocks to recover from the March Covid-19 fall. RSI has reached overbought conditions which indicates strength. The stock is likely to reach 38.2 Fib retracement and psychological zone of 150, crossing which 61.8 Fib retracement of 175 would be the next potential target.
Positional Idea : LT has formed a flag on daily charts and price is taking support at Fibo 23.6 level and 9 day EMA, close above 1148 will confirm flag breakout, safe entry above 1177, post breakout flag target is 270 points. Views for learning purpose only.
INFRATEL seems to be breaking out of its downward trending channel on the on the weekly timeframe. Breakout confirmation after breaching of 38.2 Fib level of 260 with initial Target of 61.8 Fib level of 345.
In line with previous post. A strong support at 300 level. Can touch 400 to 450 levels with MA breakouts. Fibonacci retracement showing all possible levels.
DISCLAIMER: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...
DISCLAIMER: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...
This is a fundamentally strong Script. Though this stock is over valued for time being but one can accumulate at 63.45 level and some more at 59.25 level if you are a lucky one. I can see a possible 1st target of around 83 and further ahead 88.40/ 95.15/ 103.7 Technically it is creating harmonic ABCD pattern ,where BC leg is in formation as a retracement of...
Bharti 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...
Expecting TVC:USOIL to go for a sharp correction. Harmonics 4-point & 5-point pattern helped identify a Potential Trend Reversal Zone, where bullish movement may end & trend may reverse. Got a terminal candle confirmation in the PRZ. Also, in a broader view prices formed a Broadening Wedge Pattern (a-b-c-d-e wave structure) which might possibly be...
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...
Gold is respecting the Fibonacci levels and there's strong possibility it can go further down till 127.2% Fibo level i.e. ~48,200
Buy HDFCAMC at 2190 SL 2098 Target 2400, 2575 and 2750 and more as per Fib levels
Buy SUMICHEM above 285 for 305 and 317 T3 = 350 and T4 = 400 SL 252