Quickheal has given a trendline breakout today with very heavy volumes.
Stock has also managed to close above 61.8% fib retracement which clearly indicates a strong buy signal.
However, the SL for positional traders is very far below 230 DCB. A retracement is favourable for short term traders. Best buy level can be 250-255 for targets of 330+.
However, risky...
Hello dear traders!
On Wednesday, Gold experienced a sharp decline, reaching the psychological support level of $2000. However, it quickly corrected and has been lingering around $2022, close to the Fibonacci retracement levels of 0.5-0.618. This indicates that the prospects for this precious metal remain high.
However, if it manages to surpass this retracement...
AFTER A 5-WAVE UPMOVE FROM THE ROCK BOTTOM, PRICES RETREATED BACK LOWER TOWARDS 50% FIBONACCI RETRACEMENT ZONE AND BOUNCE BACK SHARPLY. STOCK HAS GIVEN BIGGEST INTRADAY SINCE IPO.
After a five-wave advance from the rock botom, prices retreated back lower towards 597 which is 50% fibonacci retracement zone. From there stock has bounced back sharply which is the...
14.01.2024
already the stock has done head and shoulder breakout and
took support from 13 days EMA.
for swing trade 150 to 152 is the best place to consider as per the fib retracement golden ratio level 61.8% at daily time frame
for long term holder 148 to 145 is the best place to consider as per the fib retracement golden ratio level 61.8% at weekly time...
Don't be aggressive
.
entry after retracement upto 325
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entry: 325
.
target-355- 390-420-440
.
entry once after, market again came to retracement for 324
.
.
.
refer old ideas.
stay for update.
NSE:BHARTIARTL
Bharti Airtel is trading at near 945.20/- and I think price will go more above near 990/- and then stock can reverse. Reason target for wave (5) is length of wave (1) = length of wave (5). Another target is top of parallel channel and then stock can reverse. If stock reverse from given levels, then stock will consolidate for months.
Wave (5)...
Nifty began the new year on a flat note with mix opinion on valuation, General elections, Lower than estimated Government spending, Higher inflow's in the debt market, etc.
Nifty closed 2023 with an average return of 20% registered 8 consequent positive returns. 2024 will likely to be an Year of high volatility or can be called an year of retracement and likely...
EUR/USD gained bullish momentum above the 1.0985 resistance. USD/JPY is declining and showing bearish signs below the 142.85 level.
Important Takeaways for EUR/USD and USD/JPY Analysis Today
The Euro remained in a bullish zone and climbed above the 1.0985 resistance zone.
There is a key bullish trend line forming with support near 1.1020 on the hourly chart of...
- Aptos swing has currently achieved all my targets.
- I have entered this again at the current prize, I will add more size in the next retracement and look to size up more once I see a retracement
- From a swing perspective Aptos has completed a huge accumulation and now it's out of its base
- I will prefer holding APTOS for the next quarter as a huge mid-term...
Bullishness in gold is highly expected for several reasons:
1. It is the month of December, which has lower volume, making it susceptible to manipulation by institutions.
2. Fundamentals favoring XAUUSD, such as CPI and cuts in interest rates by the Fed, contribute to the expected bullishness.
3. The market has already reached a new high at 2148 and...
Brent Sweet Crude completed primary wave 4 with satisfactory completion of pattern, down to the miniscule degree, yesterday. The rebound since then, appears to be the impulse of primary wave 5, though its too early stage to conclude whether it would be impulse or diagonal. Even if wave 4 were to continue into double correction, there should be retracement back to...
Crompton Greaves is showing signs of exhaustion in a downtrend channel which spans more than a year. If we notice Crompton Greaves has consolidated for few weeks at the 66.67% retracement level, which also happens to be a strong support in the Fibonacci trading terms. The next upside targets of Crompton Greaves look to be the 50% retracement zone which is 318 and...
Infy-
Monthly chart- The correction that halted at 61.8% of Fib retracement was a bullish zig zag corrective pattern. These patterns develop when the mkt wants to finish the correction ASAP and move in the direction of the larger trend.
RSI- halting in the bull zone of 40-45 at Fib support is another indication of the bull trend is intact.
Weekly Chart-
The...
As per Fibo levels as you can see in the pic the levels have been clearly provided. The next 1st immediate target is 48900. Then we will see 50,000. But at 48900 we can either see a retracement back to 47450 before going back to 50k. So, once we touch 48900 exit bullish and wait for either retracement or further upside
Reason for long
a) Wave 1 retracement of 0.618 retracement and contain 12345 of wave a in wave 2.
b) wave 2 of wave b has complex correction of wave 1a of wave 2
c) good engulfing candle for long
d) SL compulsory
Technical Analysis:
Price: XAU/USD is currently trading at 2038, hovering near the strong support zone of 2033-2034. This level has consistently held up against downward pressure, indicating potential bullish bias.
Indicators:
RSI: 45.75 (neutral zone), showing a slight uptick from recent lows, potentially suggesting a shift towards bullish...
Mahindra & Mahindra : 2023
Simply pointing some point to study the Mahindra & Mahindra chart.
* M&M in a uptrend, you can see that when a uptrend stock go blow 50 EMA we eventually thing its going down but basically its taking a retracement or finding supports.
* In longer term it can give maximum amount of return in short term.
1. Simply in a uptrend zone.
2....
NSE:JUBLFOOD
Jubilant Foodworks I think it's in 3rd sub-division. If the structure is in 3rd sub-division wave, it indicates chart is strong with fundamentals. Now recent correction retraced below 0.618 and recovered above golden ratio with perfect abc correction. Normally target for wave 2 is 50% to 61.8% of wave 1 and it's completed. I think stock will go up...
