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Retracement

Maruti: A Potential SetupMaruti has been moving in an uptrend channel. Currently its in consolidation phase on this smaller time frame where price drifted down to 5885 zone. It may retest this level again before breaking out of the trend line for a target of 6025-6050. 1. Let the price settle down in the 5885 zone or lower before taking trade. 2. If price opens with a gap above trend line, wait for pullback to trend line and then take trade. This is a short term setup and should be complete in a day or two. Manage your risk before taking this trade. Do like and comment Regards
NSE:MARUTILong
by Bravetotrade
12
Pair - Asian Paints, Berger PaintsThe pair ratio was consolidating for 3 years (Nov'16 - Oct'19) in the range of 3.899 - 5.030 It broke down in Oct'19. 161.8% retracement of the above consolidation was at 3.201. The ratio made failed attempts to breakdown below this level, only to revert back to 3.899. The ratio has again reached (almost) the same retracement level of 3.201, with RSI making higher lows. As long as the ratio is above 3.201, it would attempt to move up to 3.630, 3.899
NSE:ASIANPAINTEducation
by Mridu_A
The mainly four Fib. Retracement are applied.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. [/lis t] 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 be 38.2% retracement. Though the confluence zone is the memory of investors, here is 9647 attract to investors. Above all given levels are actionable for traders and investors. I would like to add GAP theory on with retracement in another chart .
NSE:NIFTY
by Trade-Technique
13
phi (0.618), Golden Ratio(Spiral), Fibonacci ratio, NIFTY.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 know this , but few know how to apply it . three market ranges (1,2,3) which range defines the 50 percent division at 6926.8. Let's check the shortest range (3): Look at "a" and "b" another range (2) Look at "c" and "d" . Let's check the whole picture. The range of applied for the fib. retracement if perfect known after applying everything above and confirmed. I am going to remove everything and just keep a 50% division of range. Now check out this both range of "a" and "b" marked.
NSE:NIFTY
by Trade-Technique
54