It has been respecting its support and resistance. The levels of trading have been mentioned. We can go long if there's a gap up opening or breaks the level with a good momentum. Consolidated between 0.5 & 0.618 and gave a breakout.
BNF has been really bullish since it broke its major MA line (Weekly and Monthly SMAs) Shorting levels: For this expiry week, 28808 is major support, next major support is 28030, if any of these are broken intermediary high oi strike price supports such as 28500 are possible. These levels ca n be used to short the stocks Long levels: Above 29233, there is long...
Nifty is in critical juncture of end of 5th Elliott wave both in short term and long term (since March). With lots of positivity in BNFS and stimulus and FII pumping in money, chances are the corrections will be delayed. However it is bound to happen. So in this duality, the white lines provide correction starting from 12963 itself, and the other Elliott wave...
My view on the next few days for BANKNIFTY
Has taken a support at Fibonacci retracement and is closed above the important level.
UPL 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.
There 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.
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 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!!
61.8% support taken & trend reversed. Possibilities of channel breakout & strong up movement.
Based 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).
It'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
From 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...
Ended 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...
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...
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...
Rejected from 90% retracement level and broken the 78% level. next imp level is the golden ratio 61.8 % .