Fibonacci Retracement
CREDITACCESS GRAME STOCKNSE:CREDITACC Stock current interaction with the 0.618 Fibonacci retracement level at the price of 1565 indicates a robust support level. And also, bottom support and trendline support meets the same price level. Entry point is buy and sustain above 1636 rupees.
Target 1 is 1720 to 1745 rupees.
Target 2 is 1850 to 1870 rupees.
Stoploss close below (one day candle) 1565 rupees.
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.
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Lets 2.5 X your capital Long BLZ BLZ s going to fly a lot higher.
Entry :- 0.21
SL :- 0.195
Target :-
1:- 0.38
2 :- 0.49
Conformations :-
1. It has just broke daily candlestick chart resistance.
2. 0.2 is acting as a psychological support.
3. It is at fibonacci level of 0.5
4. Bullish signs are visible on 1 hour chart indicating buying.
2. 0.2
Confluence of Fib and center of Parallel channelNIFTY is currently getting rejected from the level that formed due to a confluence of 0.382 level of Fib and the center of the parallel channel.
It will be interesting to monitor price action for few days to see if rejection continues or it breaks and goes above it.
Aegis Logistic, Technical Levels and Trade ZoneHello Traders,
Chart Type - Heikin Ashi
Time Frame - Daily Swing Chart
The price has successfully tested its retracement level of 61.80% and the price holds these levels.
Swing High - 387.15 (August 2023)
Breakout Level - 347.95
First trade zone - 347.95 to 357.25
Second trade zone - 357.25 to 373.30
Breakdown Level - 338.65
Trade Zone - 338.65 to 308.60
Chambal Fertiliser Weekly ChartChambal Fertiliser Weekly Chart Breakout Possiblility
Chambal Fertiliser Breakout will be possible if this Stock Closing above @291.50 on weekly chart and sustain.
:: Data Point ::
Breakout Level: @291.50
Target 1: @312.00 (Fibo 23.6% Level)
Target 2: @350.00 (Fibo 38.2% Level)
Target 3: @382.00 (Fibo 50.0% Level)
Stoploss: @260.00
It can be decline if Stoploss Hit, then it would come down towards Support Zone approx @207.00
Note: -Price traded above 200 EMA.
-Good Volume showing in Weekly and Daily timeframe.
-Decending Triangle Pattern happend.
Dalmia sugar is at a sweet spot to buy!Dalmia sugar is looking good to be a part of bull run of sugar stocks.
Levels are mentioned on chart. Stock is near 23.6% of Fibonacci retracement level. If level is broken, we can see stock moving to ATH as well.
However, Commodity stocks have an added risk of being news driven so trade with strict SL.
Idea shared strictly for educational purposes
Dow jones Look Good for Short* All the information shared in this chart is provided for strictly educational purposes only.
* This chart is sharing information are based on the theory of technical analysis .
* This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security.
* Back test yourself before jump into live market consult your financial adviser and use proper risk management.
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Mini Dow jones Level's
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SMC Selling area is near 34906 - 34930
And Short Area is 34906
Below this level 34765 free fall will start.
************************** Target down side ********************************
Trade : Sell between 34906 - 34930 SL will be 120-130 Points (35033)
Target will be downside : 34680/34599/34483/34400/34311/34225
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Keep a watch on Sterlite Tech!Sterlite tech is looking strong as a positional trade.
Recently, we have seen a good run in Birla cable as well which is a competitor of this company in manufacture of optical fibre cables.
Stock can be added at CMP or on dips till 155. SL is below 140 WCB.
Minimum target is 200. Above that stock can go till 235, 280 which are the fib levels as well as strong supply zones.
Today, stock has shown good buying with volumes bouncing from a strong demand zone of 145-150 with a short term trendline breakout as well. Keep this stock in your radar.
Idea shared only for educational purposes!