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Retracement

MARUTI retracement in bullish moveFibonacci is one of the important tool to predict and understand the retracement of the stock. MARUTI SUZUKI was in down trend since mid of Feb started retracement on 26th of Feb around 8610 and retraced by 38.2% till 7372, which is also a price at the current date. after this retracement it continued the down trend. A trend reversal is observed on 30th of April and stock moved bullish since then. Now, it has reached to the high of the symmetric level from past retracement (7372). It expected to retrace atleast by 38.2% or to max to the level of 61.8%. pls keep an eye on it and pls comment your observations too.
NSE:MARUTI
by amoghn97
DB REALTY LONGA clear cup and flag formation can be seen in the weekly charts of DB RELTY. IT IS THEN FOLLOWED BY A GOOD BREAKOUT WITH GREAT VOLUMES!!! (OPEN CHART OF DETAILED VIEW) A retrace can be seen till the level of 25 (dotted line). Bullishness is seen in the stock!! LEVELS: Entry: CMP Target 1: 34 Target 2: 41 Target 2: 51 STOP LOSS: 19-20 TRAIL STOP LOSS RSI in momentum zone MACD just gave a crossover MA CROSS started showing bullish phase Risk-Reward Ratio FAVORABLE I would recommend going long on DB REALTY for a swing trade at prescribed levels FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS THANKS
NSE:DBREALTYLong
by Keshav2329
GODREJ CONSUMER PRODUCTS LONGA clear Inverted Head and Shoulders pattern can be seen on the weekly charts, indicating bullishness. A breakout of the Inverted H&S pattern is seen. Further, a breakout of the 2 year long resistance point accompanied with a retrace is seen. (OPEN THE CHART FOR DETAILED VIEW) LEVELS: Entry: CMP (860-861) Target 1: 918 Target 2: 972 STOP LOSS: 802 (Closing basis) TRAIL STOP LOSS Risk-Reward Ratio FAVORABLE RSI a bit high but ain't a problem, can be a sign of good momentum Breakout sustained Perfect retrace MACD bullish Volumes Check I would recommend a long swing trade on Godrej consumer Products Thanks FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT IT!!!
NSE:GODREJCPLong
by Keshav2329
TORRENT PHARMACASE 1: On the weekly charts of torrent pharma, it is seen that CMP is at a very crucial level (the purple zone). This zone is a good resistance zone. Also, if you look closely, CMP is also trading at an important Fibonacci Level. This too shows that price may come down from this point or may obey the purple zone and may fall after touching the upper range of the purple zone! CASE 2: Looking at the other possibilities, the stock may break from the Fibonacci level and also from the upper range of the purple zone (maybe in next couple of days). This will be a sign of extreme bullishness and one may look for buying opportunities here. There MAY be a retracement till the point of 2890-2908. Now, if case 1 happens, a downfall till the level of 2800 is expected, and if case 2 happens an upside till the level of 3278-3280 (obeying the white path shown). I would recommend taking decision on the basis of 'Case' we see next week. FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!! THANKS
NSE:TORNTPHARM
by Keshav2329
RITES LONGA triangle breakout is seen in the weekly charts of RITES with great volumes!! Selling pressure was seen at the end of the day. Hence, a retrace is expected at around 260. LEVELS: Entry: CMP and if gives a retracement then at 267 Target 1: 300 Target 2: 325 STOP LOSS: 251 (Closing) TRAIL STOP LOSS!! RSI BULLISH VOLUMES SUPER COOL MACD BILLISH Risk-Reward Ratio Favorable I would recommend going long on RITES for a swing trade FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT WHAT YOU THINK ABOUT THIS!
NSE:RITESLong
by Keshav2329
MOIL LONG On the daily charts of MOIL Ltd. a simple Inverted Head Shoulders pattern can be seen!! This is followed by a perfect breakout and then a perfect retrace too!!! Plus, this breakout is also the breakout of 5 year old resistance line!! (OPEN THE CHART FOR DETAILED VIEW) LEVELS: Entry: CMP (183) Target 1: 213 Target 2: 238 Target 3: 250-252 STOP LOSS: 173 TRAIL STOP LOSS RSI showing Momentum MACD bullish I would recommend going long on MOIL Ltd. for a swing trade FOLLOW IF YOU LIKE THE ANALYSIS LIKE AND COMMENT YOUR VIEWS ON THIS!!
NSE:MOILLong
by Keshav2329