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Fibonnacci

Kotak: Short term reversal (6 May onwards)On this Daily Chart, we can see that Kotak has made a recent swing low of 1546 on Friday after losing support from its 1650 level. The results were out yesterday and Kotak has announced 26% increase in profits beating the market estimates. This should potentially cause a reversal in price going forward. In the short term, price is likely to touch the 200D SMA (purple line) which also coincides with a trend line (in blue) creating an upside of about 15% from current levels. Indicators: 1. The EPS chart shows solid growth while the P/E is almost at a decadal low of 16.9 2. The RSI has bottomed out both in the Daily and Weekly 3. The price hit the lower threshold band of Fibonacci Bollinger Band (solid green line) indicating a possible bottoming out of price 4. The price is currently below both the 50D and 200D SMA, indicating short term bearish territory Risks: The current downtrend can also continue in the next week and the next visible support is at 1450 implying a downside of 6% Strategy: Given the growth drivers and a ridiculous valuation of the bank, the price is sure to make a reversal in coming days. Watch for the price action on Monday, and based on lower time frame price action, take entry. If the price comes down, towards 1450 levels, it should be used as an opportunity to build more positions instead of thinking about Stop loss and exiting. Happy Trading!
NSE:KOTAKBANKLong
by tej_s9
APTECH LTD : A good Buy for Long Term CMP: 254.70The stock has retraced to 0.618 of the Fib series from its all time high of 418.35 which it reached on 30th May 2023 and has been falling continuously to touch a low of 243.90 on 9th Nov 2023. Thats a drop of over 41% from its all time high. The stock is finding support at the current levels which happens to be the Monthly and Weekly Instutional Buy Zone and also the 0.618 Fib Retracement level.. this level is a good area for institutional investors to come in. The average 30 day Volume is around 311 K whereas the last few days the volumes has been in the range of over 750K. This means good buying is coming in these levels. The monthly Institutional buy zone is between 207/- and 250/- The stock is still trading below the falling trend line and the ideal buy would be after a confirmed close above the trend line with better than average daily volumes, however since this is a good stock and it is in the important support levels, one can start buying partly ( as per your risk appetite) at these levels and accumulate if it comes lower and within the buy zone mentioned above. Target: We are looking at a long term target (1.50 to 2 years) of Rs.525/-
NSE:APTECHTLong
by ajayharidas
4
ELECTCAST LONGLets analyse a stock with wyckoffian 3rd law ..... ..........Volume is the EFFORT and Spread (Price) is the RESULT ............. someone just looking at only price and ignoring ........VOLUME ............ HALF the data thats available for analysis Wyckoffian 3rd Law also gives importance to HARMONY ( small spread and small volume) .................. ANAMOLY ( small spread with large volume or large spread with small volume ) ...... both are important when we analyse the chart and activity of the COMPOSITE MAN candle 1 and 5 is harmony and candle 2,3 ,4 are ANAMOLY candle 1 ... large volume high range candle with breakout , candle 2 was low range but high volume ....... price had a pause for few days ... , candle 3 high range and low volume candle ... manipulation by composite man to shake out weak hands candle 4 ..... high range candle with low volume ....candle 5 ..... again the smart money checking the easy of movement and could get a high range candle with less volume(Less EFFORT ) compared to the breakout volume ....... stock is ready to be marked up once we understand this Target 1 reached .. calculated by fibonacci extension tool target 2 can also be calculated
NSE:ELECTCAST
by NareshBiyani99
SGX NIFTY- Above 18k Inverted H&S Breakout!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 the Chart which is approx. 18950 On a Further Note, Price has also cleared all the Overhead Supply in the form of Anchored VWAPs and so the Path is Clear for SGX NIFTY to rocket upwards! Stop Loss/ View Invalidates below 17600
NSEIX:NIFTY1!Long
by T_Harth
Prediction for Bank Nifty's 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 42,500. According to Najoomi Ji's astrological analysis, the current period is favorable for the stock market, but there could be some turbulence due to Saturn's transit in the seventh house. Based on his Fibonacci retracement analysis, Najoomi Ji predicts that Bank Nifty will reach the 41,200 levels, which is the 50% retracement level of the recent decline from 43,800 to 38,600. He suggests that the market will then consolidate and dip slightly to around 40,500 before resuming its upward trend towards 42,500. While there are risks involved in any stock market prediction, Najoomi Ji's experience and success in the field suggest that his approach is worth considering for traders and investors. However, it is important to note that the stock market is notoriously unpredictable, and unforeseen events can impact its trajectory. Overall, Najoomi Ji's unique approach to predicting the stock market's movements using astrology and technical analysis has gained him a reputation for making accurate predictions, making his insights valuable to those interested in exploring different methodologies.
NSE:BANKNIFTYLong
by astroindia
Nifty Day Chart Analysis - 25 Aug 2022On 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 nifty will correct from these levels. Analyse by Using Support and Resistance Fibonacci Retracement Kagi Chart Candlestick Chart
NSE:NIFTYShort
by ssvirdi
Bank Nifty Intraday for 18/01/2022Here, 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 Fibonacci 1.27 extension level of recent impulse 37946 is the key important support for Bank Nifty for Tomorrow. What we believe in:- °Trade With Logic °Take Time Before Investment Saving Your Capital 🙂 I'm not responsible for your profit or loss. Mainly Stock & Crypto Investor 🕵️ | The Indus Trader 📊 DISCLAIMER:- This Channel Is For ( EDUCATIONAL PURPOSE )
NSE:BANKNIFTY
by The_Indus_Trader