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Positional or Longterm Opportunity in Godrej PropertiesGo Long above 1177 for Targets of 1292.95, 1408.9, 1524.85, and 1640.80 with SL 1061.05 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the all-time swing low (point A) to the all-time swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.618 Fibonacci level. 3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up. 4. Lastly it gave a Trendline breakdown & is trying to trap the sellers so it may try to hit the stop losses of the sellers where we have exactly placed our targets.
NSE:GODREJPROPLong
by Nimish_Ghagare
Positional or Longterm Opportunity in Sheela Foam LtdGo Long above 1203.35 for Targets of 1286.7, 1370.05, and 1453.4 with SL 1120 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.618 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Hammer (marked with orange color) is formed around 0.618 Fibonacci level. 3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
NSE:SFLLong
by Nimish_Ghagare
Positional or Longterm Opportunity in Central BankGo Long above 27.95 for Targets of 31.1, 34.25, and 37.4 with SL 24.8 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level. 2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level. 3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
NSE:CENTRALBKLong
by Nimish_Ghagare
Track the correction on 30min in Ethereum to catch the big move.Candlestick Chart + The moving average lines are contracted. + Track the price until it crosses either 50ema or 100ema lines. + It may test the level of 200ema to end its correction. + So, the levels of 1600 to 1626 may be tested to complete the correction. Renko Chart (Brick Size = 7.5) + Fibonacci Retracement The price can test the level of 1626 which is 38% level of retracement. Conclusion: 1. The coin is in the correction mode. 2. Wait for the correction to be completed. Thanks Er. Simranjit Singh Virdi
Long
by ssvirdi
Nationalum - looks good this weeknationalum - national aluminium company limited In Monday’s (13-feb-2023) session, the stock formed a bullish engulfing candlestick pattern on the daily chart which is pointing to a bounce against the current downtrend, at least for the time being. A counter-trend rally to 81.15 can be seen in this week, from the 78.90. disclaimer: note this is just for education purpose to analyze the candle stick pattern, rsi and expected next levels as per fibonacci levels. this is not buy or sell call, any trading on this counter will be at your own risk.
NSE:NATIONALUM
by hardeepssethi
HINDALCO +ve Price Action at ₹430 Multi-Support zoneHINDALCO has made Beautiful Bullish Engulfing and Hammer Candlestick Pattern at ₹430 Price Action Zone The Stock is 32% away from its 52week high Fundamentally Strong is again gearing up for next Bull Run(Expected) as it has taken support at Trendline and ₹430 Support Zone. Enter at CMP ₹434 and SL of ₹425(2.4%) Low Risk Appetite with Target of 1st. ₹500 (14%) 2nd. ₹520 (24%) 3rd. ₹600 (38%) Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:HINDALCOLong
by bullseyetrading_lko
ZOMATO THE DARK HORSE.. Gaining MomentumZOMATO on 1Week TF has made a beautiful morning star candlestick pattern, which is known for start of a new Uptrend in any stock. The stock is currently 42.53% away from 52 week high and 217% away from it's All Time High of ₹169 The stock has been saved from ₹45 zone twice and has made double bottom.. Recent Daily Volumes looking convincing as Volume is supporting Price i.e. Price and Volumes both are increasing simultaneously. Entry can be taken on CMP of ₹53 and SL of ₹46 Targets will be ₹62 - ₹76 - ₹90 and ₹128 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any trades on it. It is just a view, please trade at your own risk.
NSE:ZOMATOLong
by bullseyetrading_lko