Logic is bearish Divergence in weekly chart. Target is 38% Fibonacci retracement. SL is just before recent top.
Stock is in an uptrend for the last 2 months moving with 0.3-0.5 fib retracement. Now pennant is been formed for the next bull run with 20% return in between next 2-3 months if broke the current higher high. Points to be Note (Technical + Fundamental) 1. Pennant Structure 2. In up-trend for last 2 months 3. Fib levels are 0.3-0.5 & Relative strength restest...
NSE:NAUKRI is showing some profit booking today at 5000 levels. It was expected but it can gain momentum after a small retracement. They are in the process of acquiring some good logos.
bank nifty Analysis phase 1- Fibo retracement 38.2% retracement from the May'2020 to higher high of 16th Feb 2021. Hence, down trend from 16th Feb to 22nd April is considered as a pull back. Analysis phase 2 - bullish move After 22nd April it moves very bullish with breakout around 22nd May over the trend line from previous high. this breakout confirmed bullish...
Buy after a retracement. Buy at - 3100 Stoploss - 2950 target 1:2
Breakout. Retracement. Started the journey again.
Buy on current level on any retracement. Stop loss of 3300 level.
Based on Cup & Handle pattern: Jyothy Lab has tested its major resistance and shown some retracement. The stock is good for buying. Buying Point: 166 Stop Loss: 145 Targets: 190-220 Anticipating a good move in the upward direction.
NSE:HINDUNILVR The stock is currently at a good Support on daily chart its a triangle consolidation after a good upmove forming HIgher lows from the last major low onwards. From 28th may low onwards it formed HL HH format. It didn't break the downtrendline but currently, it broke the 200ema of 1hr with power and retesting the same. Entry can be made with very...
This is the weekly chart of ChennaiPetro. Expecting a huge upmove coming weeks. The only skeptical thing is the consecutive green candle in the week without any retracement. So be sure to limit you loss.
SHOULD TEST 78.6 LEVELS ACCORDING TO FIBONACCI RETRACEMENT.
1. Good to enter at CMP. 2. Trendline breakout happened and support taken on trendline in the retracement. 3. Target 420/500 4. Average till 300, SL : 250 Disclaimer: This is educational purpose only.
#BAJFINANCE - Trading at ATH, very Bullish Structure with High Volume - RSI is bullish and above 70 - We might see a retracement. Keep adding on Dips for higher targets.
Is it a good time to take a long position in silver? According to the previous data, it has breaks 2021's support trendline. But the price has bounced off from the 200 moving average. And it's not crossing the 0.886 value of retracement. Hence, at the present silver trading range is between 73222 - 69076 levels. This week silver may collapse up to 0.786 ( TP:...
Seems to be bullish until 37708 level. There is a possibility of formation of cup and handle pattern in day chart. Handle might take support at 38% level in Fibonacci Retracement.
A multiple breakout of trendlines can be seen on the weekly charts of JIndal SAW. (OPEN AND EXPAND THE CHART FOR DETAILED VIEW) Firstly, the 7 year trendline, form 2014 Secondly, the 5 year trendline from 2016 (diagonal one) Thirdly, the one year trend line. from 2020 (THE THINNER LINE) Volumes too are favorable. RSI is a bit high, hence retracement can be...
MCX gold will keep moving further advance up to the targets of 50000 - 51000 levels. But after the first target, gold will try to take a reversal for 0.382 to 0.236 levels of retracement. Long-term Targets: 51575 - 52492+
NSE:PEL had been in a downtrend since the start of March 2020 while facing resistance against T2 and support over T1, crafting a pole & flag pattern. From mid April, it has been trading in a range (T3 & T4) after getting a 50% retracement. We can see bullish breakout that may give us a good upside move in future. Like & Follow for new updates.