Nifty Price Action.As per chart, Nifty has given triangle pattern break out. It was Retested triangle pattern support and successfully bounced from19250. Nifty also break all time high 19995 which is bullish sign for considerable gain now. It may consolidate here and then resume it's upward journey towards 21320 and 23320 soon.
Fibonacci Retracement
INDUSIND BANKHello and welcome to this analysis
Bank appears to be in a lower time frame triangle suggesting the probability of a potential breakout.
Off late has been an underperformer compared to other large private banks in the recent run in the banking sector.
Extreme narrow range 1480-1540, broader range 1350-1775
Good opportunity to buy the dip and / or the breakout for probable decent upside in the medium to long term.
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