RBL BANK AFTER high of 205.70 it retraced up to 170.80 it retraced at 61.80 from this high....presently at support zone after neckline breakout it can give momentum on upside first resistance at 181/185/190 with support of 170....also in hrly chart its rsi positive diversion.
The stock finally completed its retracement to 0.618 levels today Some consolidation may happen here - depending on how NIFTY behaves. Buy above the high of today, 118.2 for 120 as the immediate target. 118.2 should then function as support for rally to 130 & beyond with some consolidation happening around it.
SBIN closed just below the support at 188 after testing it for greater parts of the trading session today. BANK NIFTY also closed higher than previous weeks but could not break the resistance, which is why the stock's upward movement was arrested. The overall view is bullish with Elliot Triangle wave pattern for a bullish market as shown on chart. Holding...
Trade Call : The stock witnessed a breakout from a symmetric triangle pattern on the 5th push up which indicates that the breakout will sustain. Entry : 330-340 Target1 : 347.05 (Long term 0.382 retracement level) Stop Loss : 326.45 Situation Call : A breach of the short term 1.272 retracement level (at price 364.4) will further fuel the breakout and we...
SBI life has made a barish harmonic pattern. The volume is not supporting the breakout. So expect some sort of reversal from prz levels This is my view. Take trade based on your own analysis....
Jyothylab continuously trying to break supply zone of 125 Buy at 118 (dips) SL = 99 Target 139 Follow Fib levels for more targets Trail once move in favorable direction
Techm gave a triangle breakout and then retested. Now again trying to go up with support of 519 Buy at CMP 568 Targets as per Fib ratio on the chart Trail once move in our direction
The stock came back up and closed at the 0.618 level last week after briefly testing below. Momentum is bullish. Buy above 50 for targets of 52, 53, 54 with SL at 48.5
The stock made bearish engulfing pattern from the 0.786 levels and seems bearish to retrace to the stronger 0.618 level of 265. Choose an entry position based on your risk appetite. Strategy 1: 'High-er' Risk & High RRR In-case of normal or gap-up opening, Short for 270, 267, & 265 with SL at 278. (Can wait for any small uptrend with the risk of losing out on...
buying above 1062-63 target1 1080-81 target2 (strong resistance) 1111 Tip: "NSE:HDFCBANK"]NSE:HDFCBANK expected gap-up opening on Monday 29-June-2020
ONGC has set up a value area last week between the 0.786 and 0.618 Fib Retracement levels with a value price of 84. The stock made a doji inside the lower part of the value area on Friday which was in line with overall NIFTY movement. Positional Ideas: Go Long above 84 for 86 Short below 80.5 for 78, 77, 76 Scalp between 81 and 84 levels Don't take positional...
I am trying elliot wave pattern combined with fib and finding the prospective move infy can show. According to me Infy can touch Tgt of 755-760-780. This is just my view. Do analyse yourself before investing...
CMP = 40 Handle too k support at 0.382 Fib Target 1 = 44 (10%) Target 2 = 48 (20%) SL = 38 (5%)
HDFCBank can be shorted with immediate target of 1016.90. Below this level 1002 looks to the important target below which current uptrend will be completely change. StopLoss should be used as 1074-1078 above which original trend continues. Current pull back has been on falling volumes. Although that is typical of any flag structure but this should pull it down...
A nice uneven head & shoulder pattern is visible on the daily charts of DJI. A Fib retracement from highest high of DJI shows the next target to be lying on 50% Retracement. Wait for the breakout below 25000.
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The set up looks good, with Fib retracement, showing a good RR. SL at 185 and Target at 215
VTL is looking for good breakout and expected long term target would be 900-950 with SL of 610