we have witnessed some last hour sell off in the market. and candle stick suggests reversal. however we should not forget today was weekly expiry day. only if tomorrow we see a red candle breaking today's low we can see some down side. if today's factor was due to expiry we may see further rise of nifty crossing 12000 before a retracement takes place. don't...
Observations: 1.) "+" Shows strength candles. 2.) Higher High + Higher low = Accumulation 3.) CDSL has moved out of the channel & also it is on 61.8% Fibonacci Retracement. There I expect small correction before it continues its rally. 4.) Rs 368 can be tough resistance in the short term, where I again expect some consolation before moving towards are future...
Nifty is near to the .786 retracement and be watchful around this place. Nifty might breakout or breakdown from this level. If Nifty breaks out then 11500 will be immediate target. If nifty break down then 11100 will be the immediate target. Reliance results out on July 30. Keep an eye on it as it plays very important role in the Nifty movement forward or...
I'm hopeful of a 61% retracement to 15391, but it could be different. Sell options based on your aggressiveness. August 18000CE seems most safe.
An ascending triangle is formed in Bank Nifty with major resistance at 22,500. It is also the 50% resistance level as per the Fib retracement. Lower volumes in recent days support the above hypothesis. If the trend line is broken with good volumes, it could retrace back to 20,000 levels
As it can be seen that havells is taking support @575.05 which is 61.8% retracement. It can go till 584 i.e. upper limit of band with SL @570.
Creating A downward wedge and having 200EMA support. So It Can Go For The Pump But Still It Will go for some retracement. So Dont Rush Soon. Wait For The Dip
This stock although a small cap, has shown significant returns since it's IPO late last year. Wait for a retracement to the marked green line and then build long position.
As per fib. retracement theory of Bloomberg, Support 11577 nearby as confluence zone. My channel is still standing good and NIFTY is following it. This view is for bigger picture for you.
Finolex cables has bounced off from an important support zone & also broken the down trend line. look to buy at any kind of retracement upto 420 - 440 zones for a target of 550 - 560. this is just my view.... trade according to your own risk management.
If you consider the rise since 8 December 2017, at curren price of 2165 it's almost 23.6% retracement. RSI has touched 70.
In near time frame we got bearish divergence, trend line broken, head & shoulder pattern which indicate us retracement. But mid time frame we got a trend reversal pattern which will take time for reversal. In near time frame, preceding candle count indicates us range bound trend. If this happens, there are more chances to make new higher high instead reversal...
A2ZINFRA: @ 42.55 REVERSING FROM 0.886 Fib Retracement. Bullish CRAB in progress. Entering ICHIMOKU Cloud from Below. Technical parameters also confirm the Move. TGT: @ 45.70, @ 47.40, @ 49.20, @ 50.45 , @ 52+ Best Long @ 41 - @ 42.1 More Accumulation Level @ 39.6 - @ 38.1 SL: @ 36- (By closing) More levels in Chart.
Metal index NOW at 2833. 0.618 retracement level at 2794. Maximum Metal heavy weights are in OVERSOLD territory. Soon witnessing Reversal. TATASTEEL, VEDL looks Good.
Strong Support..and alos 38% Fib Retracement. Buy CMP 521 Target- 537,552,560 Stop loss:506
VOLTAS rejecting from 20 EMA after retracement. Buying opportunity only after the break of 335.50 Entry @ 335.70 Stop loss @ 331.70 Target @ 347.70
GUJARAT GAS ⛽ CMP 424 TRADE SETUP: 1. BUY UPTO 420 2. KEEPING 400 AS CLOSING BASIS STOPLOSS 3. TARGETS 🎯 444 / 472 / 492 / 518 / 538+ TECHNICAL SETUP: 1. TRIANGLE PATTERN 2. NEAR STRONG MULTIYEAR SUPPORT 3. WEEKLY DOJI CANDLE 4. VALUE ADDITION 5. FIBONACCI RETRACEMENTS REVERSAL BUY 6. BULLISH HARMONICS TRADE SETUP AT .886 7. POTENTIAL BREAKOUT TRADE...
Fibonacci Retracements yielding strong resistance around 2340