Tech Mahindra after having completed the Five wave Impulsive move, is retracing the rise. Sell. Target : 515 Stoploss : 535
Volume increasing + lower edge of the channel + upper channel coinsiding with fib top limits. Perfect candidate fir a long. Considering it to be indian company, it will be positively affected by finmin’s recent packages. Hope it goes as planned !!
This maybe an old school approach as you may say but this is something that everyone can understand. My analysis is based on volatility(BOLLINGER BAND) and momentum(RSI). Here what my analysis is that, Nifty is trading in a sideways pattern after breaking the rising wedge . A positional trade can be taken with a healthy risk/reward ratio. One can keep 9450 as...
NIFTY WEEKLY CHART ANALYSIS -SINCE 9TH 2017 OCT 9950 HAS BEEN A CRUCIAL SUPPORT FOR THE INDEX QUIET A FEW TIMES -REMEMBER HIGHER THE TIME-FRAME STRONGER IS THE SUPPORT/RESISTANCE -WE TOOK LOT OF TIME TO BREAK ABOVE 9950 INITALLY -BUT SINCE OCT OF 2017 WE HAVEN'T GONE BELOW IT -DUE TO THE PANDEMIC THE LEVEL WAS FINALLY BROKEN IT TRAPPED SOME SHORT PLAYERS -BUT...
Index has closed below the fib level of 9320 , which is the clear indication of the index becoming weak and weaker. Short the future when index breaks the yesterdays low which is 9267 for the target of 8800 and 8628.
In this setup, I have clearly explained how powerful RSI divergence is but sometimes they don't work is some kind of stocks. In my own opinion, I think HDFC Follows RSI Divaregance & this move fill be a successful move. Observation Price Action -> In the last 5 days narrow range candle has been formed. (Contraction of volatility) -> Positive price...
Berger Paints can retrace back to 23.6% Fibo levels. NSE:BERGEPAINT Not initiating any trade and it's only for analysis purposes.
If able to break and sustain above 1845 then upside possible at 100 % fibbo retracement level and can reach 1897. If breaks below 1806 then can reach 1755- (near fibbo level of 0.236)
If Nifty 50 NSE:NIFTY does not Break the 38.20% Monthly Fibonacci Level = 9400, What Next? Case 1: If Nifty stays Neutral and above 75mins 50EMA without retracing back to Monthly Support and Breaks the 38.20% in next few trading sessions = It is successful in making a Higher High Daily Swing more than 9390.85 of 20th April, indicating the continuation of...
If Nifty 50 NSE:NIFTY does not Break the 38.20% Monthly Fibonacci Level = 9400, What Next? Case 1: If Nifty stays Neutral and above 75mins 50EMA without retracing back to Monthly Support and Breaks the 38.20% in next few trading sessions = It is successful in making a Higher High Daily Swing more than 9390.85 of 20th April, indicating the continuation of...
observe 61.8% retracement and 50% retracement . Chart is on hourly TF NSE:BANKNIFTY
Parallel channel with gravitation on the weekly chart-: If you see the price between line (b) and (c), you will note that price is trading longer time into this area. Presently, the stock price is the (d) or value low which is support. ---------------------------------------------------------------------------------------------------------------- confluence...
Nice Short trade option Follow instructions in the chart. Buy at 229 Target 223 Stop Loss 235
I can see a bearish candle towards the end of the day. Got a feeling that the index will behave bearishly tomorrow. Got a Fibonacci Retracement towards the short side. Target 1 8780, Target 2 8715 and stop-loss at 8900
A Good Position to short due to the pullback towards the 0.3 Fibbs level and the candles being below the 90 EMA .
OANDA:XAUUSD A perfect position to go short due to the 3rd trend line touch and 0.5 FIB Level.
UCALFUEL is respecting its fib levels and looking good buy Buy = 135 SL = 107 T1 = 163 T2 = 185 T3 = 220 Follow fib levels for more targets