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Retracement

Nifty Bearish Reversal to 21800 and 19900. If May fall if 24500 is broken , Targets are based on fib extension. on weekly 23.6 % retracement and Fib extension meeting at 21800. This is likely to happen in coming few weeks or months. once 21800 is broken next target would be 19900. This seems too much however this can be used as best time and level to invest for long term. 19900 is 23.8 % retracement from all time high. This is ideal level for long term investment for 4-5 year horizon.
NSE:NIFTYShort
by HarshalPatkar
ASHOK LEY LAND Getting Attractive For LongAshok Ley Land On Retracement Mode After Respecting the tgt of 265± Longterm Investors Can accumulate till 185. Looks good in Parabolic UPTREND PATTERN & ELLIPTICAL BREAKOUT ALSO SEEN. (Based on Elliptical structure 207± support looks good) TARGETS EXPECTED ARE MARKED IN THE CHART. Shared it for Reference Purpose Based on CHART PATTERN. Kindly do Your Analysis From Your Side. This is not a BUY or SELL RECOMMENDATION from my side.
NSE:ASHOKLEYLong
by senthilkumar1976
1
Investment Opportunity after a healthy correctionI have been tracking Nifty since months, to exploit investment opportunity. It is always better to invest (in the market) after a correction. You get competitive prices which results in potentially more upside (returns). The indicator ploted here is Bollinger bands in weekly time frame. You may see that every time Nifty hit lower Bollinger bands, eventually it bounced back up. So, there is a high probability that "history will repeat itself". So, if you were waiting for right time to invest in, this is the time (only when Nifty touches lower Bollinger bands). Pickup the fundamentally strong companies (at least 10 companies) and invest "equal amount" in each of them. Or you can consider buying any Nifty 50 ETF (if you are very conservative/not an experienced). It may also happen that the Nifty will correct (19% from the highs, somewhat around 15090). So, please be ready for this. Remember, the market will "not jump as soon as you buy a stock". It may "fall even more" and/or consolidate for some weeks/months. It "does not mean sell". STAY INVESTED. Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
NSE:NIFTYLong
by UnknownUnicorn7637383
Nifty 50 Analysis!FWB:NSE : NIFTY Weekly Analysis! Rising Wedge Pattern in Nifty 50 Weekly Chart! Rising Wedge Pattern with Upside Breakout! Nifty 50 is trading at its all-time high, don't be greedy in this situation. We can see the strong upside momentum but hold your horses. We can see, I have applied fib retracement on the current price action(prev high and prev low). Now we may face strong resistance at the 20306.05 level because as per price action, NIfty has to establish support at the previous resistance level. Then we should find the following buying opportunities at this level. I have also marked the possible Demand zone on the chart one should consider this level for conservative investing. So as per my suggestion let the Nifty retrace because we are already in the greedy zone. I don't want investors to get trapped in this zone and hunt their stop losses. Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NSE:NIFTY
by Avinash9087
Can we see more fall in NIFTY ?Hey Hardworking traders! Here's a quick update on the Nifty 50 index's recent journey and its future outlook- Nifty highlights: >>So, It has been a roller coaster ride for NIFTY, It has witnessed multiple obstacles, Be it after Covid affects be it Russia-Ukrain war, High inflation and interest rate hike. >>These macro incidents combined together resulted Index to stay sideways. But the game changed in June, when it broke out and nearly touched 20,000. Current Market updates/My views >>Right now It seems to be in a correction mode and hanging around 19300 level. "Looking at the chart, we can draw a line connecting the highest points, showing the resistance at 18800. Also, using the pivot point indicator, we identify a support level at 18800. >> Do not get worried here, Think like this way, Every time an Index or a stock gives breakout then it suppose to retrace all the way to its Breakout level, which makes its breakout more prominent. >>Though the numbers are dropping, does not mean the celebration is over. Track closely how it behaves near the new support area and plane your Trades accordingly. If it retraces to Breakout level I am going to aggregate more. Keep in mind, Technical helps but it is just one part of the equation. So, stay updated with the world news, Big Financial decisions and market sentiments to understand the complete picture. Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section. Note: This is for informational purposes only. Do your own research before investing.
NSE:NIFTY
by BullishLine
DCX systems showing early signs of retracement.Today's stock for analysis is DCXINDIA. This stock was recently listed nearly 50% premium over the IPO issue price of 207. Since its listing, the stock is in continuous downtrend as seen on chart. However, from past few days, we can see a retracement coming from levels of 150 in the stock. RSI positive divergence is also visible. 175-178 is a strong supply zone above which the stock can move quickly towards 193-195 levels which is its 38.2% retracement of downtrend. Study the chart and kindly trade as per your own analysis.
NSE:DCXINDIALong
by chartistamey
Trade Analysis : USDJPY Retracement Trade Analysis : USDJPY UPTREND Retracement Channel analysis on USDJPY Trend Identification: Intraday Uptrend Pullback in USDJPY. Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Bullish pullback with market structure. Targets: T1 = 136.500, T2 - 140.00. Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements. Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows. Conclusion: Based on the chart analysis of , USDJPY is Bullish retracement has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading! (Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
by JagadishSinghR
2
Creditaccess consolidating in a range, near 870 grt risk rewardCreditaccess consolidating in a range since Apr'22 and whenever this range will break it will just fire up. Now there are 2 options in front of us 1) Wait for retracement to 870-880 zone which will give great risk reward. Just place alert and wait for trigger 2) Wait for open above 1090 and then enter. 3) There is another option, enter near 945 with 33% plan qty and add more near 870-880 zone. If price retraces from 945 zone then can add more above 1090 zone. SL in all cases will be closing below 850 After breakout consolidation is very healthy sign but this stock can take time to give decent returns. Always respect risk, reward will be taken care by Market forces. Enjoy
NSE:CREDITACCLong
by ssudhirsharma11
3
Possible C-Wave; Short term Elliotical Approach to EURUSD. Hello Traders! 1. We see a 5-wave move down, a clear impulse; then Wave A breaking into 5 parts, and then a clear Wave B breaking into further 3 parts. 2. We see a running triangle variation forming as shown in the chart and then a 5-move impulse down. Image attached. 3. A 5-move wave up can be clearly seen on the chart in the 15-minute timeframe. That will be our 1st wave. 4. Target can be anywhere between 100% of Wave B and 161.8% of Wave A. That gives us the complete green zone. 5. I've already talked about irregular correction quite in depth in the BTC idea I published recently. The link will be attached. Do use proper risk management. Happy Trading! Profits, Market's Mechanic.
Long
by UnknownUnicorn27677748