I have compared the Q1 and Q2 price movement patterns and have marked with numbers 1,2,3,4 (against each quarter). Also using the fibb retracement, I have charted that using the 4950 retracement rally levels from the bearish point of 2986 and expecting a target of 6154 and expect spikes of 6300-6400 (All time high expected) over the next 20 days.I am republishing...
Target for HEG is around 6000 levels before 10th Dec.
HEG target around 6150 before 10th December
Hopefully we should see upside this week with long rally with a target of 1320 levels before Dec 10th.
HEG Fibb Retracement:In Q1 from the bearish most point which was 2580 levels it moved to 4375 levels(approx 68%).In Q2 from the bearish most point of 2986,we can expect a target of 6154 friends!
Key Level to watch out for(Study of 5Year chart) Though there will be some correction in between. It is predicted that Nifty will come down to 9900 - 10000 Level. Some Intraday Opportunity will be there if 9th 0.96% October opens the nifty above 10331 Level.However Expcting that intraday opportunity should end on 15th October or maximum by 19th october...
From our analysis, It seems the pair attempts to breach its long term resistance repeatedly and is finally a D candle closed above 4/1 Gann Fan resistance we expect the pair might reach new higher highs after this and would reach the expected target
It Seems USD/JPY reached it's high Resistance price on 78% retracement & it's expected to pull back until price @ 110.069 earlier from upcoming week
GBPJPY pair is on high resistant areas a chance of 100+ pips down might expected...! on breaching the resistance might increase the chances of going up....!
For coming week Bulls need to hold 10850 range, for the up move to continue towards 10960/11100. 5FEB -7 FEB are important time cycle dates for coming week, Any close below 10700 can see fast move 10600/10450
Lupin is back on testing the neckline, also on the edge of the Gann Fan ray.
ESCORTS has been moving in a Gann Fan pretty decently. CUrrently testing the blue sup/resistance level It also broke out of the inverted head and shoulders(neckline not shown) All of that for an upmove to retest the lifetime highs.
BAJAJ FINANCE is moving in an up channel for over a month now. Ranging in the yellow zone on this leg, and testing the edge of channel Creating smaller range and small bodied candles,indicating a breakout soon (in any direction). or it can continue to move between the range created. before breaking out of dashed pink lines Also respecing the Gann Fan Levels
This stock follow Gann Angles very effectively, Hence all good till it does not close below 148 Target 170 and more. Small SL hence take the trade or keep holding.
NSE:NIFTY bounced from Gann Fan support of 2/1. Going long is feasible as soon as these supports are not violated. If they are deceived a Short should be made in it .
Expect a strong bounce back to 310 levels if the stock holds current levels. It is trading near the confluence level and the level will act as a strong support. Analysis based on fibs
So where to begin with ?! Let's go with analysis first then we will touch up on Gann. Why I'm aiming the zone of Nifty 9570's, as mentioned in previous post I can see potential ABCD pattern , though its bull run it may trigger downmove a smaller relief rally of 100 points. Apparently, we are aiming at 9750's zone for this bull run target zone, if My guess is...
As shown in chart, PNB took support at Gann line and the uptrend may continue from here. Long position can be taken once it closes above 144.35 which happens to be 38.2% retracement level. SL and Tgt are shown in the chart.