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Fibonacci Retracement

DAMODARIND Nice Swing Opportunity ??!!! Better not to Miss!!!!Chart patterns look convincing for a long swing trade Reasons 1. Cup & Handle is in process. 2. 0.618 fib level broken out with volume(weekly timeframe) . 3. Double bottom with low and higher low . 4. Good volume support at perfect levels. Safe to get in after Cup & Handle Breakout.... Risky entry can be made if keeping the SL as Day close below 50. Quick Target can be the Neckline(70 level)!!! Fundamentally, Operating activity has been showing good numbers. Promoter pledge has been in the negative side of this stock... Will update once it breaks out!!! If pattern gets breakout....target as per pattern can be 120 level. Let's see how it moves!!! Note: Just Sharing my view...not a tip nor advice!!!
NSE:DAMODARINDLong
by mmjimm
Gold’s correction complete? Gold hit an ATH of 2148.9 and the last week was too dramatic for bulls but its time that bulls are gonna gain control and keeping the upcoming data this week(11 dec) gold hit its 50% fib retracement which might act as a strong support and good correction for xau Also keeping in mind the economic condition of the global economy gold looks strong. MY PERSONAL VIEW : This month’s low will not exceed 1935 and for upside there is 2040 in the view
OANDA:XAUUSDLong
by Darkslatetrader
Elgi Equipment Next leg rally to start?Details of entry and exits are mentioned on charts. Stop loss ~5% and target ~15%. Given target is for swing trading, if aggressively breaks wedge upper line expect it move rapid up in longer term. Please Boost this analysis with likes and comments. DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading. Investment Warnings: We would like to draw your attention to the following important investment warnings. -Investment is subject to market risks. -The value of shares and investments and the income derived from them can go down as well as up. -Investors may not get back the amount they invested - losing one's shirt is a real risk. -Past performance is not a guide to future performance. -I may or may not trade this analysis --------------------------(((((LIKE)))))-------------------------------
NSE:ELGIEQUIPLong
by Niftydirection