Stock looks bullish with Impulse 1 and 2 completed and started Wave 3 broken high of wave 1 All dip towards 1565-1500 long opportunity Stop Loss 1180 on daily closing basis, target 1990 short term. Disclaimer: Mid cap share so don't invest too much capital in it. This investment may not be suitable for all investors or analysis can be wrong so ask your...
TA on KNC/USDT for short term on 4hr chart. Do like and share if you find it helpful.
FTM is seen like to move up. As from MACD line stays to up and from BOLLINGER BANDS it is at the start of expansion. So hope for the best
ICICIBank respecting lower line of pitchfork pattern. Tripple Zig Zag in C correction wave. Multiple major resistance 364,375,385 above which 410,442 is expected. Entry 360 Stop Loss 335 (7%) target conservative 410(13.9%), Aggressive 442 (22.7%)
DABUR has been trading at the lower trend line of the channel pattern as well as at the support level. If prices can support this level, in the next few sessions, a potential up move is implied until the upper line of the channel( Resistance level ). Cheers! Feel free to share your view about this. Happy Trading.
Stock post touching 650 broken Consolidation started going south till 152. From 152 it made retracement fib levels 0.5 completing first 5 wave impulse Right now stock trading in parallel channel and expected to respect it as Volume dropping and wave C could be coming to end near 270 which is again 0.5 Fib level of impulse. Long all dips towards 270 Short term...
SBILIFE has been trading near the lower end of the channel pattern(Support level) and near the 61.8 Fib level as well as the Pivot levels. If prices can support this level, in the next few sessions, a potential up move is implied until the upper line of the channel(Resistance level). Cheers! Feel free to share your view about this. Happy Trading.
Deepak Nitrate shows Bullish bias for 3rd Elliott wave target 870. Conversely it's cup and handle breakout with cup height ~260+600(breakout point) =860. Stoploss 550. Entry on any dip towards 600. If Wave 4 retraces 0.382=712 then wave 5 target 960-70 If Wave 4 retraces 0.272=772 then wave 5 target 1032 Calculations and actual movement in stock may differ ask...
IT CAN GO UPTO 2582 ON MONDAY IF MARKET IS BULLISH ACT ACCORDING TO MARKET BUT SIGNS OF GOING DOWN VERY LOW SO LOOK FOR LONG OPPORTUNITY
Coalindia is oversold on monthly levels Weekly RSI is showing some recovery on Daily chart its making a triangle formation Buy above close of 135 T1 = 145 T2 = 165 T3 = 195 and more as per Fib levels SL = 118
The trade is based on significant demand zone, channel breakout and retest, and Fibonacci Retracement. Positional Buy Entry above : 398 Stop Loss: 334 Target 435/460/520 Duration: 20-30 trading sessions Disclaimer: The recommendations are based on technical analysis and subject to market conditions. Please trade at your own risks. The author is not responsible...
JUBFOODS is following fib retracement levels quite well. We can confirm if the stock crosses ATH level it will experience good momentum and price movement in coming sessions. Can go for Long with Support at 1805-1810. Stock is above all moving averages. DMI & ADX shows trending.
Positional Short Entry: 32 (aggressive) : Wait for breakout of neckline and wait for successful retest of neckline (Conservative) Target 1: 30.20 (aligned with Fib 0.382 retracment) Target 2: 25 (not aligned with Fib 0.618 retracment, Fib 0.618 retracment is 23.25) Risky trader can target for 23.35. SL 37 (on closing...
Elliot Wave Analysis of Tata Steel with Fibonacci retracements. Currently in wave A of parallel channel correction or about to end Wave 3 of Impulse start of wave 4. Daily chart shows shooting start on 11th Aug and on 13th Aug resisting 430 levels. Tata Steel Downward Parallel Channel breakout on Weekly chart. Testing Trend line drawn from wave 1 start and wave...
NIFTY has been trading near the resistance zone(78.6 Fibonacci level) from the past week and it has closed near the lower trend line of the rising wedge pattern. There is a Negative divergence on RSI as well. If it headed for the reversal, it's likely to find support at 61.8 Fibonacci level i.e, at 10550 (or) at 50 Fibonacci level, which is around 10000. Cheers....