Future Retracements trend for reliance.
ICICIPRULI is consolidating in terms of time for past few weeks now. A clear case of range contraction, stock finds obvious resistances from the 61.8% Fibonacci Retracement at (415-420) zone. A move above this zone will confirm a clear breakout. I will be closely watching the upper border of the yellow channel levels of which are at(440-445). Needless to say, we...
Kindly notice how the candlesticks are following Fibonacci Pattern and also forming Head & Shoulder pattern Keep Learning #Like&follow
Bitcoin has closed below the rising trend line, saw a retest of 0.382 fib level and we have a bearish engulfing on the 0.382 fib level. We have a decent sell opportunity here. You can see the entry price, SL and TP in the chart. Main hurdle here would be sub 9200 level, and we might see a solid bounce back from there. Need a strong close below that level to...
Asianpaints on 1 hour time frame is trading between 2 important zones as shown in the chart. A break of the lower side of ZONE2 at 1577 could push the price further down following a Bearish ABCD pattern. Furthermore, Fibonacci levels plotted over the last bearish swing shows retracement levels of 61.8% and 50% in ZONE1, signalling a possible reversal from those...
Using the concept of Elliot waves and NEO waves, considering the Fibonacci retracement and the trend channel, according to my analysis nifty will hit the levels around 10700, the last correction was nothing but a bear trap, i have already bought nifty calls for 10700CE while market was down. Disclaimer- This is just an analysis please take advise of your advisor...
Market view negative for today if it stays below 3210.50 Sell at 3200 SL at 3211 Target 1: 3181 Target 2: 3264.75 This post is only for educational purpose. Do not trade solely based on the above analysis. Always use proper risk management. Happy Trading :) May your trading day end in green :)
100 EMA support, 50% Fibonacci Retracement, RSI moving up
IOL Chemicals Trend = Uptrend Following pull back; wait for bullish breakout following blue line Rsi - Neutral Fundamentals P/E - 6 Sector - Pharma EPS - Higher than expected Buy levels - 402 Targets - 450/520
Technical analysis of nifty 50. Is nifty going to retrace to next level or going to test its support levels. what do you think
If it tests and rejects 10100, may move towards 1000 and 9925 as per Fibonacci
May retrace to 390 as per Fib Levels. If it breaks 50 EMA, then will move towards 370 or else take support at the EMA. It will be bullish only above 425.
Bank Nifty looks bullish on the charts NSE:BANKNIFTY Simple analysis 1. RSI above 60 2. Cluster support indicated by horizontal line and fib retracement levels 3. Upward move on trend line break indicated by the downward trendline break 4. Unbroken uptrend indicated by the upward trendline 5. Big green candle Do share this post, follow me, like and comment...
Confirm after Fibonacci Retracement and Falling Wedge Breakout. !! swing trading !! !! follow 1:3 Risk Reward Ratio and 2% Rule !! !! please note trade with caution and manage your risk !!
For all my beginner friends and especially TamilNadu friends i am posting this video on how to draw Trend line, Support Line and Resistance Line and Fibonacci Retracement. Just have a view and ping me for any queries and doubts.
In some previous trading days exact 50% retrenchment done successfully next shown here.
TCS LOOKS GOOD ON DAILY TIME FRAME AND A BUY CAN BE INITIATED. I have analysed it on daily time frame considering few points. Key Observations- 1. Fibonacci Retracements - Fibonacci retracement levels are...
We all know about the recent investments and the rush that everyone has gotten into to buy reliance jio, but here's the thing it is grossly over valued. Reliance jio might be performing really well but the oil segment is still a part of Reliance Industries, bringing it's valuation downwards. I am not going to get into fundamentals but technical indicators clearly...