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Retracement
Parallel channel bounce back in ZEEL GETTEX:NSE : ZEEL A parallel channel breakout has formed in Zeel at 125 levels with a breakout.
1st target is to be achieved at 142 with 2nd to be at 152 on daily levels
SL to be the swing low which in this case would be 118
BTC 129KThe current target of 108k has been achieved. With retracement and rebalancing underway, fluctuations are already occurring, indicating the potential to reach the next target range of 112k to 116k.
AMBERAMBER has given approx 20% correction from the top. Retraced about 50% from recent rally. If it doesn't close below 5700 then it may take a good bounce and me resume its rally from this levels. Risk-reward is quite in favor. RSI reversal on daily time-frame also observed. Keep it on radar. AMBER is one of the stock which IMO seems fundamentally strong as well. Do your due diligence.
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.
NIFTY Bearish Harmonic pattern __RSI overbought Hello Everyone,
NIfty Spot 24260 huge upside move on election results and support area of 23200-23400 now there is one hurdle at 24400-24600 also a bearish harmonic pattern with RSI overbought ,
with trendline+ EMA 200 resistance+ Supply zone.
Nifty either needs to paued the trend and cool off/adjust RSI and tak any of fibbo retracement so small corrective move exepected or sideways is good for long.
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.
MOTHERSON STOCKBSE:MOTHERSON Stock is break and sustain above the resistance level of 197 rupees,
You can buy this stock when it crosses and sustain above Rs 209,
The stock can go from 215 to 220 as the first target,
The second target is 227 to 232,
Stoploss is one day candle closed below 180 rupees.
Rossari Biotech, weekly, prebrekout with volume built up.Forming a base on weekly chart, volumes are up. Retracing and taking support on EMA20. Long position can be taken at 820 for the targets of 910 and 980.
Jupiter wagons- Charged up for new bull run!Jupiter wagons has been one of the multibagger stock from railway theme.
Stock has given 5x returns in less than a year.
Stock has recently cooled off and now looking ready for another wild move.
Risky traders only should enter such stocks with less quantity since such stocks get locked in lower circuits as well.
Are you ready to catch this explosive stock?
Do follow me if you like my analysis!
NBCC #housing Developer#NBCC
CMP :140
SUPPORT - 105 WCB
Something cooking big in #NBCC
Keep in Radar
Disclaimer : consult your financial advisor.
chart is only learning purpose.
BIOCON LTD Breakout RetracementThis stock already breakout. But now we have option to invest on this stock. The price will take retrace at 288 zone.
Why retrace will happen?
Before breakout 288.35 is a resistance zone. When price break that level and making high then bear have to exit his position. when bear exit there position then a fall we can see. and the resistance became support. In this way market work.
TATA CONSUMER PRODUCTS TRADING IDEAAs we can see stock gives a breakout with a heavy volume
stock retrace till 850. it can go upward direction furthermore
Month and Week TF triple bottom
Day chart breakout and retracement completed
educational purpose only!✨
Do your research before making any investment🥂
LIBERTSHOE: Long opportunity with good RR 1.Stock changed its downtrend,
2.Immediate resistance was broken.
3.Aggressive buying is noticed (31%+ ROI as on today & 56%+ ROI from bottom to top)
4.A pull back to previous resistance, may give a good support with high RR trade in coming days
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.
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
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.
EURUSD LONG IDEAHey before you trade #DYOR I’m sharing my idea which is based on technical analysis for more accuracy you can check news or event update.
EURUSD 1Hr Chart analysis current price is given breakout on 1hr chart, as per 4hr trend retesting is complete, for target and new retrace are you can check chart I share.
You need to wait for retrace area to break and create new HH.
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Thank you
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.
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.)
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
BHANSALI ENG POLYM BREAKOUT RETRACEMENTBUY above doji with 1:2 minimum target as stock given breakout and is retraceing little with doji formation
