1. Moving Average
2. Break of Structure
3. Fibonacci golden level
624-630 are the demand zone levels. Once price reaches the zone, wait for candlestick confirmation and break of structure in retracement trend.
#TORNTPOWER (D): 482.6 CMP, Looks promising for more benefits :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
BK of Baroda is retracing and looking weak for short term and after retracement it might bounce back from Fib golden ratio or initiate the downtrend.
What you think. Follow my page and Inbox me for Entry/Target and SL
Disclaimer: I may or may not trade this setup, kindly consult your financial advisor before initiating any trade. I will not be responsible for...
Parallel channel with gravitation on the weekly chart-:
If you see the price between line (b) and (c), you will note that price is trading longer time into this area. Presently, the stock price is the (d) or value low which is support....
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...
Stock is trying to build a base at around 335-340 levels, which is also 61.8% of the entire bull run from 243 to 486. So it could be a buy at current levels or on intraday pullbacks, as one likes. The Stop would be below 335.
1) The stock bounces from this level -- In this case partial profit would be taken at 362 so that even if the stock reverses...
Shorting Nifty Now ?? That too in this Bull market ??? Yeah... If they get aligned and validate My rules I have no hesitation to short the Nifty. I'm looking at few rules I have,
(i) Fib level reversal ( Yes) Golden Ration 61.8% in Resistance zone
(ii) Resistance zone - Yes
(iii) Fib extension confirmation - Yes
Waiting for Bearish price action confirmation to...