The mainly four Fib. Retracement are applied in different years.
confluence zone at 9647.
38.2 retracement level is at 9395
previous resistance and 61.8% retracement level at 9067.
Question is how to understand and use these levels?
Answer; There is always pullback whether there is a stock or market. If there is normal good new, then pullback easy can...
if there is a not a breakout about the trend line and the prices just tooches the trend line go short till the nearest support and if there is a breakout then wait for the trend or dont trade. place the stoploss near the resistance or according to your capital.
Few weeks of bearish trends and retracement, bullish momentum is finally building strongly on GBPUSD as price is approaching 1.30 , Probably before the week runs out buyers are able to take price towards 1.31 zone.
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is...
NMDC @ 128.95 is breaking down. But its a risky, we are in the middle of the trend.
Target 1 :: 121.75
Target 2 :: 119.45
Should be observed carefully, trade as per your knowledge. This is just to put on your radar.
Buy IndiaBull Hsg at current level with stop loss 295
Target insight 362, 394 and extended 411
Interesting chart pattern and looks like possible breakout at current level.
Good to keep stop loss and train on higher move
This is a Retracement Move Expectation.
I am looking at a possibility of a further 80-90 points drop to find genuine buyers again near 1470
I will be looking to find good sell setups to enter.
1.Currently trading slightly above support 28329 & 200 Period EMA in day chart
2.Though overall sentiment is bearish, elliots wave and late recovery towards market close suggests the possibility of pullback
3.On bullish side,Price might go up-to 28581 or 28770
4.On bearish side, if it breaks and crosses below support 28329 & 200 period EMA,then it can go up-to 27730
NIFTY is moving into retracement mode after huge fall due to profit booking as per short term analysis (1 hours chart).
Post retracement, NIFTY expected to fall again, I will share those information once below target is reached.
Target 1: 11458
Target 2: 11507
Target Date : 29th Jul, 2019
Lets have a look at the analysis -->
1. EW analysis -->
Considering the top at 695.75 as end of wave 3 and now we might be in 4th corrective wave. Currently, we might be in z of wxyxz of 4 as c might have been completed today.
2. Classical TA -->
a. major resistance at 663 levels
b. 78.6% fib retracement at same levels.
c. kumo cloud support at the same...
Profit booking today from Lifetime High 12000+
_ Many Members Asking, Why this fall??_
Simple Reason: "Buy on Rumors, Sell on News"
Exit Poll was Rumor so Smart money Buy there,
Now its confirm so Clear profit booking.
But on Long term, Stable Gov is Good Signal for Market ahead TGT 13000 in next 1-2 years
Today Nifty fall from 12000 to 11614