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Retracement

A Contracting Triangle & Fib. Retracement relationship multiples The Nifty 50 unfold the "Contracting Triangle" which is one of three occur 80% in the price chart. One thing is important to remember is that, the wave "((e))" also sub-divide into smaller triangle. Most common relationship for Fibonacci, the .618 but in this instance we have found the two fib. relationship .618 and .786. Fib. relationship: wave ((b)) at 16827 = .786 of wave ((a)) wave ((d)) at 17041 = .786 of wave ((c)) wave ((c)) at 17767 = .618 of wave ((b)) wave ((e)) at 17635 = .786 of wave ((d)) What will be the evident for downside breakout or throw? 1. The extreme wave ((b)) & ((d)) connecting trend-line in downside. 2. A throw - 17,044 breakdown on closing basis is strongest evident for sell-off. The aggressive trader can take short-side position at or nearby the "Critical Resistance at 17795" which is too far from now. For the fib. relation can perform important role as resistance wave ((e)) at 17635 = .786 of wave ((d)).
NSE:NIFTY
by Trade-Technique
36
SWING TRADE - R:R - 1:2 - LAXMI ORGANIC INDUSTRIE LTDPotential Opportunity as Swing Trade in NSE:LXCHEM and also predicting positive for long term investment. SWING TRADE - RISK TO REWARD - 1:2 ENTRY - 440 TARGET - 484 STOP LOSS - 418 NOTE: TAKE ENTRY AFTER RE-TEST CONFIRMATION WITH STRONG GREEN CANDLE. DON'T GET INTO BULLISH TRAP !! This is for Educational Purpose only, please apply your prudence & consult your adviser before any investing. #nse #swingtrade #nifty #laxmiorganicindustries #lxchem #riskrewardratio #trendlinebreak #retest # retracement
NSE:LXCHEMLong
by indostockdash
Hindustan Unilever is showing signs of bearishness Hindustan Unilever is showing signs of bearishness Reasons/Traits : • Daily Trend far away from 20 EMA • Uptrend is in pause mode • Bearish Harami followed by two shooting stars/inverted hammer formed (Chances of going down) • Since 17 sessions stock did not retrace • Volume is decreasing • RSI and MACD in overbought zone • For a healthy uptrend retracement need to happen What can happen next : Scenario 1 : If we consider 6th Sep shooting star as retest then price going down below 2757 can take it down to 2660 and then 2600 levels Scenario 2 : Price going up can retest 2825 levels or up before going down to touch EMA 20 around 2655 levels (0.382 fib levels). If it sustains here trend will be up else trend can go down till 0.50 and 0.618 fib levels before going up and any failure here can lead to 1 and 1.237 levels of fib to complete the retracement cycle 2600 level is very crucial, Let’s see.. Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:HINDUNILVRShort
by AdhigamaTrading
1
Will Shree Cements go up ???Will Shree Cements go up ??? Reasons/Traits : • Measured Move up pattern formation is seen • Last 3 days candle sticks pattern shows as 3 black crows • Todays close is exactly at 0.236 retracement level of last swing high and also taking a support of a trend line break out (4) • Price took support of 12 EMA with decreasing volume What can happen next : Scenario 1 : Stock uptrend to continue and reach 31979 (earlier life time high) /32766 Scenario 2 : Downtrend post break down of 0.236 Fib level to reach 0.382/0.5/0.618 or till 50 EMA support level Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:SHREECEM
by AdhigamaTrading
TATA Consumer looks strong…TATA Consumer looks strong… Reasons/Traits : • Today gave a break out from two day inside bars with a big green bar with very good volume • Above 13 and 50 EMA • Price touched 0.618 retracements levels • RSI increasing • Bearish Crab harmonic pattern formation is in place What can happen next : Scenario 1 : Price sustaining above 850/853 levels can take it to 865/870/915/940 levels Scenario 2 : Price break down below 834 can take it down to 812/800/775/750 levels Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you! Please do like and share this idea. Thanks
NSE:TATACONSUMLong
by AdhigamaTrading
2