*Details mentioned In the Chart.
*Rounding Base formation in IGL .More conviction when breakout the trend line closing basis. *Added in your watch list and wait for for breakout. *I will update chart when breakout done.
* Pullback completed in Nifty Energy Index. *Inverted H & S pattern Breakout. *Track this stocks from CNX ENERGY INDEX Bharat Petroleum Corporation Ltd. GAIL (India) Ltd. Hindustan Petroleum Corporation Ltd. Indian Oil Corporation Ltd. NTPC Ltd. Oil & Natural Gas Corporation Ltd. Power Grid Corporation of India Ltd. Reliance Industries Ltd. Tata Power Co....
*Flat Base formation & previous resistance breakout in HCLTECH. *ALL target & support level mentioned in the chart.
*Support taken from Fibonacci level. *Support & Resistance level mentioned in chart. Thanks for reading kindly let us know if you have any questions.
*Reliance showing strength in lower level. We can take some risk at CMP and i am fully bullish above 2100.00. *All Support & Target mentioned in the chart. Thanks for reading kindly let us know if you have any questions.
If the Current price is forming an excess then price again will get attracted on the Gravitation Line . Or there can be a Breakout ! So the price will start its upward Movement.
Will Rebound before going up !!!! #Chart is #Supreme
As mentioned in the chart, the 5th wave is upward, which is progress and expected u-turn 247 and 268 for next level 220/202 to move.
5th wave of (5) is not Verified But sellers are Active. The strong resistance possessed 370 nearby which can lead the price for Target 330/297 That is determined by lower Band of the Parallel channel. Check JSWSteel Bigger Picture EW analysis :
How to determine the target after T-Bar ? By utilizing Fib. Retracement, target can 38.2% first and 61.8% second. There's also important how to ride your profit which depends on many factors such as trailing SL, Volume, etc. Targets are 227.55 and 211.75. My previous work on this stock : SOLD: (247-249): - I have activated to sell in TimeLine...
The price is already started for D ? C can be on 0.886 or 0.786 or 1.13?
Today's high 228 which is not far from Thursday sellers . The 235.2 (fib. ratio - 78.6%) nearby stops to moving price upward. The upper band of the channel's hurdle at 231 which can push the price for " Gravitation Line ". The "6" point of Gravitation area is 204 to 206 in range.
The following parameters are measured: "B" is less than 61.8% 2.61.8 BC projection @ 243 1.618 AB = CD at 237.5 1.27 AB = CD at 226 1.13XA retracement already done. Reversal target can be utilized as 218 OR 226 ? Reversal zone 243 or 237.5
Zoom In to verify the range of the channel. Upper Band Poten tial Reversal Zone (PRZ) - 13003 to 13088 Parallel Channel's Resistance zone. The "Control Price" will attract value towards it. Previous work on the Same channel:
Fib. Retracement start from 12441.75 to 7495.00 end for determing the nearest important fib ratio is 1.13 which is 13084 . 1.618 AB = CD at 10620