ICICIPRU: The Mad StockThis is a highly volatile stock so risk averse traders can simply ignore this trade.
Notes on the chart.
Fibretracement
Yes Bank: Will This Breakout Fructify?I published Yes Bank long idea yesterday but mistakenly as a private idea. Rectifying my mistake.
It would be interesting to see this idea in a negative market environment.
Regards.
Hindalco: Play For BounceAlthough I presented the trade on weekly chart yet it would be small swing trade which may take just few days to either hit the targets or stop loss. Partial or full profit booking at first target could be done as overhead supply may hurt the upmove. Some might disagree with my Cypher pattern so I urge them in advance to take it easy :)
All nitty gritty details are mentioned on the chart itself.
The stock is highly volatile so risk averse traders may opt to stay out of this trade.
As per my setup Risk to Reward is not exactly 1:1.
So those who want exactly 1:1 may wait for pullback to 215.50 but only after hitting the 217 entry .
All the best for the week ahead.
Regards
Nifty: FIb Analysis -- Play with numbersI am not a bear..I don't want market to go down BUT it is what it is and we have to follow the trend AND the current trend is down..right? So whatever targets we project will be on the downside.
The 50% retracement has been an important reversal area in the past corrections.. see my older posts, so we can assume that it can act as a solid support in this downfall too. Not only that we have a number of other fib confluences near that level (see chart) so that could add some extra cushions to support the markets.
For investors and traders the value zone represented in the chart may be an important belt to pump money into the markets.
Hope this analysis would help investors and traders in prudent decision making.
Regards
Bravetotrade
