Tata Power long above 241 with SL 215 target 270-285-300 by year end
30% return.
Fibb 1.618 level. Even long term it going 450 (fib extension 1) by next year and 600 (1.618) by 2025.
For educational purposes. In my holding, I might be biased.
RETRACEMENT DONE IN BANK NIFTY
Bank Nifty Trading in 50-61% FIB RETRACEMENT ZONE
Short Triggered in BankNifty
MIN 750 POINTS FALL EXPECTED
TARGET 44000 - 43900- 43800
Bank Nifty prediction
Banknifty travelled 900+ points on short side
currently on support level 45350 300
reversal expected till FIB 61% level (45900 950 )
from FIB 61% again selling will start
sharp selling below 45350 300
target 45000 44950
Crude oil Future ( Next week Contract )
.
For " long "
entry: 5950
target: 5970 / 5990
stoploss: 5920
.
For " Short"
entry: 5900
target: 5855/ 5755
stoploss: 5935
.
.
enter only if market Breaks " No trade zone "
.
wait for proper reversal and conformation.
.
don't be aggressive.
.
refer old ideas attached below .
Attached: SGX NIFTY Daily Live Market Chart as of 27th April 2023
Price has put in a Clean Inverted Head & Shoulders Breakout signaling further Upside from here and BULLs in the Driver Seat!
I have used Fib Extension Ratios of
3= 1
3= 1.272
3= 1.618
to get Upside Targets for this Rally
The Inverted Head & Shoulder Measured Pattern Target comes at Target 2 in...
Najoomi Ji is an astrologer and trader who combines astrology with technical analysis, including Fibonacci retracement and pitchfork techniques, to make accurate predictions about the stock market. Najoomi Ji recently made a prediction for Bank Nifty's future, stating that the index would reach the 41,200 levels, consolidate briefly, and then move towards...
On the Candlestick and Kagi Charts the level of 17490 is an important support, also the Moving Average of 20 periods is at 17484. So, If Nifty gives a breakdown of 17490 then it will test the levels of 16921 (38% of Fibonacci Retracement). The next support is on 16800.
The range of 16920 to 17490 has many gap up openings. The overall setup of charts indicates the...
NSE:NIFTY
According to graph. Nifty seems bit bearish and may come down to retest important level of 16700.
Levels as per trend.
Levels as per Fibonacci retracement.
Trade on your own analysis
Here, Bank Nifty if it breaks the trend we can take scalping entry at the retest of the trend line.
and 38536 if the 0.6 Fibonacci level and we can book profits there and we can wait for a break out of that level and take entry a long position.
and in case Bank Nifty breaks down the as the 38084 level then we can short for a short position, this level is...
VOLTAS currently trading at 1015 is at both fibonacci support and also previous support zone. Buy 50% of the position at 1015 remaining 50% if dip comes to 1000 , SL is 980 on closing basis.
The idea is for trading in cash segment with defined risk. Qty should be adjusted based on risk specified.
PS: The idea is purely for educational and research purpose, I am...
Nifty is just 50 odd points away from its all-time high and expected to face resistance in the 15440-15600 zone. As it's an uptrend, Buy on dips would be the strategy and we can refer to Fibonacci Channel levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
