1. Bearish Engulfing Bar formed at round number and S/R zone. 2. 61.8 Fibonacci Retracement at that perfect level. 3. Take profit and Stop Loss level correctly mentioned in the chart. 4. Entry should be below that confirmation engulfing bar.
1. Nice Pinbar formed at Big Round Number 1000.00 2. EMA 365 acts as Resistance for that Pinbar. 3. Fibonacci Retracement at 61.8% level. 4. Watch that trendline which is also acts as resistance. 5. Take Profit and Stop Loss level clearly mentioned in the chart window.
1. Nice Pinbar formed at S/R zone. 2. 50.0% Fibonacci Retracement confirmed that is superb S/R zone with pin bar. 3. EMA 150 & 200 acts as resistance for that pin bar. 4. Note down entry point very well and TP & SL clearly mentioned in the chart window.
1. Bearish Engulfing Bar occured at S/R zone. 2. EMAs acts as resistance. 3. Fibonacci Retracement 61.8%. 4. MACD Divergence occured.
1. Bearish Engulfing Bar occured at S/R zone. 2. Fibonacci Retracement is at 61.8% 3. MACD divergence occured.
1. Pinbar occured at S/R zone. 2. Fibonacci Retracement correctly placed at 61.8% 3. MACD Divergence. 4. Big Round Number 800.00
This is no doubt a fundamentally good company trading at its low while its peers are trading a their higher levels. So it can be strongly assumed that this stock may perform in the upcoming time. Reasons for which GUJARAT GAS seems to be bullish on charts at least for short term: 1. Trend line support is been taken since the beginning of the month at Golden...
After forming a Bullish Wolfe Wave, Nifty has been rallying fantastically. It has successfully given a break out of the 2-4 TL. And with ups and down I expect the rally to continue till 10 May to 15th May 2023. I am not sure about the price levels but the utmost high that is achievable by NIFTY seems to be 18605 (18605 has been derived by both Price action and...
1. Chance are less to continue this downtrend channel 2. We soon can expect a breakout 3. Sure Entry is after breakout/ Early entry has it high reward for early risk 4. RR is 1:8+ 5. Price is also reversing from FIB 61 golden ratio
The $315 and $300 levels of resistance and support respectively have been important on the lower timeframes. Over the past 48 hours, BNB has declined from the local highs at $316.3 to trade at $308.5, at the time of writing. On the 6-hour chart, the RSI was unable to climb above neutral 50, showing the persistence of the bears. Over the past week, the trading...
Nifty is on correction path on a uptrend for the last 2 trading sessions. from the last low of 16828 in march 23, the 1st phase of rally was till 17842 ( rally of about 1000 points) we saw a pull back there after till 17553 (about 300 points). if we plot fib retracement then this form about the 0.618 level of the rally. the next phase of rally was from 17553 to...
Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. Script = Heromotocorp Time...
1. Bullish Engulfing Bar formed at Support and Resistance Zone 2. S/R location is at round number 80.00 3. Fib Ret at 61.80 Level. 4. Trendline position is perfect.
1. Bearish Engulfing Pattern formed at S/R zone. 2. Another Confirmation is 50% Fib Retracement at S/R level that is strong zone than you think. 3. Oh...Come on EMA 150 act as Resistance. 4. Trendline got broken very well by Engulfing Candle. 5. First TP1 level price reached sell half of your stocks there. 6. Move your SL to BE for another TP2 level which you need...
1. Pinbar formed at S/R level 2. Fibonacci Retracement 61.8% confirms that S/R level. 3. Trendline is in perfect position for the pinbar which acts as trendline. 4. Stop Loss and Take Profit levels are perfectly mentioned in the chart window. 5. Once Take profit level reached, try to sell half of your stocks position there and move your stop loss to breakeven and...
Nifty could have completed 5 wave impulse up at 18267. If this doesn't get broken then likely 3 wave drop towards 17550-400 zones possible. MACD negative divergence and open bearish gap suggest bearish trend to continue few days. 2nd Chart shows internal count of wave 5. It also shows 0 to 4 trendline about to be broken Next wave 2 of A will pullback Nifty up to...
1. Bearish Engulfing Candles formed at Support and Resistance Zone. 2. 61.8% Fibonacci Retracement is another confirmation on that S/R level. 3. EMA 365 is off on the Bearish Engulfing Pattern. 4. Entry should be carefully placed at mentioned area because strong S/R level is there but it will definitely break those level and reached it to another S/R zone. 5. Take...
1. Bearish Engulfing Pattern formed at Supply and Demand Zone. 2. Fib Retracement occurs perfectly at 50.0 Level. 3. EMA 365 and 150 acts as Support and Resistance at that zone. 4. Take Profit and Stop Loss levels perfectly mentioned with clear details on the Chart window.