Stock is showing strong support on 50% zone. Expecting it to retrace to 220 zone. stop loss should be immediate lower Fibonacci level
Any bounce towards 24400 could be used to short bank nifty for Level of 23400 (23% retracement of entire rally from December lows)
As per Fibonacci, Nifty lying on 61.8% important turning point and having Doji pattern. Which way the Nifty will travel ? Either Doji will indicate the direction nor Fibo will get retracement ? Level for Long - If Nifty on long side, it will travel upto 10080. Level for Short - If Nifty on Short side, it will fall upto 9880.
A close below 9800 on nifty can lead to 23% retracement level of 9600. A sharp bounce cant be ruled out till 9950 which is a favorable short level with a stop loss of 10000.Value buying may emerge at 9600 levels from lon term investors.
In my previous post I suggested buying..perhaps the move started a bit earlier than expected but hit the target..see below >>> When I look at the current chart and ask myself, what could be the ideal place to enter ? Is it on the next bar break above the Doji candle made in the last hour today or at a lower price ? Before beginning I would like to make it...
As it sees it forms a descending triangle in 30 in time frame + volume + rsi + at a fib .38% level on a daily chart + having long trend line support as well. For Day trader - Buy above 219 stop loss 216 TARGET- 222 224 228. For other trader- buy above 220 stop loss 205 TARGET- 230 240 250. In a case of downward breakout initiate buying in the range 206-211 stop...
Creates head and shoulders pattern on 1 hour time frame. If Break and close above Yellow Line >> Buy.
The current move may extend upto 1.19751 / 1.19795 where a nice confluence of the 0.618 of the last down leg intersects with the CD leg of the ABCD pattern. It would be good to enjoy the current uptrend which can still provide a fair R-R-R trade. However, price at the confluence zone should be watched carefully. Hit like if this information is useful. Trade...
Going by the Fibonacci theme we observed in Nifty we see that 243455-24350 is important level to watch out for... Also trend line resistance comes around 24380... Buy above 24380 for target of 24500 / 24650 SL 24320 However If we see Price getting rejected in the zone of 24340-24380 then sell for target of 24251 / 24120 SL 24400 Zone of 24340-24380 is make or...
SGX continues to blow hot and cold thus dictating the domestic trends. We observed that the Daily charts of Nifty has been indicating that the recent decline has reached into strong supports to the ascending trendline. Hence we reckon some rally to emerge in the next few days ahead of the expiry. The key level to watchout for on the downside is 9700 at the moment....
There is a possibility of KotakBank forming a Head & shoulders pattern with "equal low" in formation and then "lower high" and "lower low" are expected which should complete H & S pattern. It is possible because the weakness is evident in KotakBank as it looks like "big players / smart money" selling off - distribution, and retailers "Weak hands" buying. Rsi...
If Cosmo films closes above 414, go long with a target of 430 in 5 trading days. Cosmo films is trading near the green box and any reversal from the green box may take the stock higher. If it doesnt hold, it may fall to 395 levels from which fresh new positions may be created. analysis based on Fibs
Stock is trying to build a base at around 335-340 levels, which is also 61.8% of the entire bull run from 243 to 486. So it could be a buy at current levels or on intraday pullbacks, as one likes. The Stop would be below 335. Strategy : 1) The stock bounces from this level -- In this case partial profit would be taken at 362 so that even if the stock reverses...
Notes on the chart. Hit Like/Comment/Share if you think this information can be useful. Trade Safe Regards Bravetotrade
As per fibonacci analysis, Tata Motors is still trading in the green box which is a bullish signal. It has consistently retraced from 0.5 fibonacci ratio. Expect a strong upmove towards 460 levels where it will get a resistance from the confluence line . Keep a strict stoploss of 425. Any closing below 425 will take the stock further down by atleast 5%
Wait it out, strike while the iron is hot!
Stock has broken out of a 2 YEAR consolidation phase (range) with great momentum. Looks like its read for a pullback/retest of previous resistance/new support. This new support matches with the 61.8 retracement level, which is also where generally reversal happens. Lets see how it turns out to be. If the stock makes a new high: go long, and cover short if you short now.