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Fibretracement

RAILTEL - AS PER FIB RETRACEMENT, CORRECTION WAVE MIGHT BE OVERHi, This idea is about Railtel Corporation of India Ltd ABOUT THE COMPANY RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. It is a "Miniratna" PSE of the Government of India. At present, RailTel's network passes through around 6,000 stations across the country, covering all major commercial centers TECHINCALS As per the price action, the first impulse wave took the price all the way from 337 to 615. THen the correction wave commenced which pulled back the price from 615 to 440 levels. The price point as per fib retracement is at the point of 50-61% which as per Elliot Wave theory should be the correction wave Next impulsive wave could start if the price aloses above 475 with volume support FUNDAMENTALS Market Cap ₹ 15,066 Cr. Current Price ₹ 469 High / Low ₹ 618 / 163 Stock P/E 56.4 Book Value ₹ 56.9 Dividend Yield 0.61 % ROCE 20.2 % ROE 15.2 % Face Value ₹ 10.0 Equity capital ₹ 321 Cr. No. Eq. Shares 32.1 EPS ₹ 7.99 Promoter holding 72.8 % Change in Prom Hold 0.00 % Chg in Prom Hold 3Yr 0.00 % Pledged percentage 0.00 % Market Cap to Sales 5.67 Sales growth 29.8 % PEG Ratio 3.81 EVEBITDA 27.9 Quick ratio 1.16 Trade receivables ₹ 1,268 Cr. Sales ₹ 2,658 Cr. Debt to equity 0.02 Price to book value 8.25 Free Cash Flow ₹ 347 Cr. CMP / FCF 75.8 Thanks, Stock-n-Shine
NSE:RAILTELLong
by Stock-n-Shine
SBI towards crucial support zones SBI the largest public sector bank is forming a head & shoulder pattern on weekly charts along with a breach of neckline support from where early breakout occurred. given that ads negative trend strength is rising , If the momentum support at psi 40 breaches along with a confluence support breach of bottom trendline from 2020, then it could be retesting the previous swing low at 500 & if could not find help there could be heading to swing low near fib retracement 38 neat 450.
NSE:SBINShort
by seekedgetrade
RUPA & CO LTD: Positive outlookNSE:RUPA shows strong buy indicated by PSAR, MACD & Fisher crossover . Target 1: 531.55 Target 2: 547.30 Stop Loss: 508.35 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss resulting from this analysis.
NSE:RUPALong
by finogent
SRT Finance : AnalysisNSE:SRTRANSFIN has been consolidating in a wide range since starting of February with good volume support at lower levels. The possibility of breaking out is good as it is testing previous highs multiple times and holding levels near its previous highs. In addition to all this, it is having Volume support exactly at golden fib retracement levels and previous BOS levels. Even though nifty and bank nifty is falling with good volume SRT holding its higher levels is a good sign. Soon we can see a good breakout in the SRT finance after buyers accumulation at higher levels. The possibility of following the mentioned path is good. Let's hope for the best what's coming next. PS: Trade is looking promising then also never underestimate market it has a tendency to shock you to your very core, always risk what you can afford to lose and follow RR ratio, and Trade with your head in place. As always NO analysis is 100% effective all the time. PPS : I'll you guys as soon as possible.
SLong
by Umang_Sharma
LT - Upar Jaane ka Raasta 2.0 Buy above 970 (Day High) for 980 (50% Fib Retracement level), 988, 1000 & 10 point TSL after that till 1055. Sell below 953 for 945, 940 (Long term Value Price), 930. Refer the linked LT idea on more details on LT Price Action & Fib Retracement Disclaimer: These are NOT trading advice! The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement. & If the idea makes sense to you - like it & share comments :)
NSE:LTLong
by raj_rishav
2
Adani Ports - Fib Retracement Looks good to me to Go long above 328.8 (High of the day) for 332, 335, 338, 340 with SL at 325/327 based on Target and Time Frame. Disclaimer: Being an Engineer + MBA Finance, I bet on my Strong Fundamentals & analytical skills! But I am new to technical analysis & trading (3 months now). Every weekend,I study some new trading concepts and publish analysis & take trades on them. There are NOT trading advice! The intention is to gather feedback on them, so please drop in a comment if you find areas of improvement. & If the idea makes sense to you - please do Like to give me confidence to take trades on them.
NSE:ADANIPORTSLong
by raj_rishav
phi (0.618), Golden Ratio(Spiral), Fibonacci ratio, NIFTY.We created a parallel channel by looking at market pivots that have lines (a), (b),....(e). If look at this chart and drawing minutely, then you will found that where are maximum points(dots). That is called gravitation to attract the price value. In the future, while the pullback price tries to test this line in the coming days. Fibonacci ratio, Many traders know this , but few know how to apply it . three market ranges (1,2,3) which range defines the 50 percent division at 6926.8. Let's check the shortest range (3): Look at "a" and "b" another range (2) Look at "c" and "d" . Let's check the whole picture. The range of applied for the fib. retracement if perfect known after applying everything above and confirmed. I am going to remove everything and just keep a 50% division of range. Now check out this both range of "a" and "b" marked.
NSE:NIFTY
by Trade-Technique
54
NIFTY ANALYSIS: RevisitedHi All, If you press the play button in the following post you will see that the market overshoot a little above 11600 target marked with a yellow arrow on the chart. Not only that it overshoot the price target but it also overshoot the time target. According to fib. time zone projection, the target was to complete in March 2019. But the target was achieved in August 2018. Perhaps the market was in a hurry. In this backdrop we can say that technical analysis do help us in understanding the market and to come out with approximations. But we may or may not have 100 percent accuracy. One has to be flexible to adapt to the market conditions. So its an advice not to psychologically hurt yourself when the market do not follows your plan. In that case you have to follow the markets. One can't fight the market but can bravely adapt to trade with the market direction. For instance, last few weeks would have been tough for hard core bulls. But those who adapted to the bearish market conditions would have made money, perhaps more money in a few weeks than they would have made in a year or so. The Analysis Anyways, let's get down to the latest chart. It could be noted that in this monthly chart, the price has been moving in side a channel. In August it seemed a new narrow bullish channel is in the making but the failure in September negated that hypothesis. Assumptions I am here assuming that we are in a larger corrective phase, which might take us to the lower end of the channel. A Minor Zone It may however find some support in the 9950-10050 zone and bounce back. Sellers may find selling opportunity in that bounce. Correction Projections As you can see, the previous two corrections settled down near 50% retracement levels. We can expect the same in this correction. That could drag the market to 9300 level. I would rather say that the big zone between 8700-9300 would act as a massive solid support zone. We might settle down anywhere within that area. Time-Wise Projections The corrections of 2011 and 2015 lasted for about a year. Same can be expected for this correction also (few months here and there). I would rather use our Fib. time zone from my previous post (shown above) to project the end of the current bearish phase. So the bearish phase might end anywhere near March-April. This analysis suggests that this year may not be good for bulls. I hope this long term analysis would help some traders. All the best. Regards.
NSE:NIFTYEducation
by Bravetotrade
9