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
1 hour chart has already shown a breakout of a parallel Channel. now target will be 175/182/197/215. Though this is an undervalued stock one can accumulate at 169/164 and 158 levels.
market view is down...bear pressure is seen in the market..the trend clearly bend....within dec month we can see nifty break the trendline and it could retrace upto 23% fibonacchi.......2000 point to be fell by december thank you if u like my work follow me for more analysis do like the post NSE:NIFTY
broke 0.5 fib level from the march fall and taking support there ( 160 ) . Upside targets are marked . 179-180 is the next upside target
Did you read my 23 Nov report on crude oil? Visit here: Identifying the Crude Oil Price Next Big Move I had written in bold words, " smart investors can buy for 3260 - 3300 - 3360 - 3400 levels ". Crude oil has touched the first three targets by making a high of 3376 levels. Per lot, we have made a profit of 150+ points ( Rs.15,000+ ).
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...
Impulse Phrase is completed and the correction phrase is forming. Fib. RET. : wave 2 : 78.6% wave 3 : 361.8% (Extended) wave 4 : 38.2% wave 5 : 161.8% (Extended) wave B is Bellow the starting point of wave A, so we can expect Zigzag correction at Wave C. both parallel channel are giving Confirmation at wave C. Limit of wave C is wave 2 of (5) wave.
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