For TV 1234 and you all............. Nothing changes for INFY.... It is Good that the retracement went beyond my expectation.... that would also mean that the upside retracement would be Larger....and remember... this is a Weekly chart
As we can see NIFTY had been moving unidirectionally without any significant retracement but we did see some good retracement today after a much awaited upmove and can be seen getting rejected at the trendline and hence 17580-17620 is sustained above and not broken down we can still expect NIFTY to continue its upmove so keep watching everyone
#Grauweil : Cup & handle Breakout
Entry :
>> Buy in Continuation or
>> Buy above safe entry levels or
>> in case of retracement buy in small qty's till on every retracement till safe entry levels
Fibo Targets given
Good Volume breakout & good Strength in stock
Keep liking, Keep Sharing
Hello Friends, here we had shared possible Elliott wave counts of USOIL CRUDEOIL chart on hourly time frame, which is suggesting we are currently in impulse wave of some degree, in which we had completed (i)-(ii)-(iii)-(iv) and now possibly we are unfolding wave (v) of bigger degree wave 1, in this scenario we had seen that wave (iii) has been extended and clearly...
Add this to your watchlist wait for conformation
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Once it reaches : 120
then it come for retracement upto: 100
after retracement it again comes to : 105
that is what entry point is,.
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stay for update
From 31st March the market is continuously going up and till now it has not shown retracement even once, I want to see retracement once from this label, after that I will plan long.
Abbott India Limited is an India-based company that is engaged in pharmaceuticals business , seems to be out of retracement phase now. It is retesting the Support line and may break the Triangle Pattern formed by Support and Retracement lines. The Chart is supported by two EMAs and RSI is also only 38.85 . Break out will give you targets of 21340.85 , 22395.65 and...
This is weekly chart.
This time too not willing to go beyond 38.2 retracement ment level as shown in the chart.
After june 2022 stochiastic has dipped in to over sold zone.
of course now bank nifty is at much higher zone than what it was in june2022.
Divergence is seen.
bank nifty may strike 23.6 retracement level in coming days.
Divergence is not the only...
EURUSD stays firmer for the fourth consecutive week as traders prepare for the key Federal Reserve monetary policy meeting on early Wednesday. The major currency pair’s latest run-up could be linked to a successful break of the 200-SMA. However, a 12-day-old ascending triangle can join the overbought RSI and a horizontal area comprising multiple hurdles marked...
As we approach the FOMC meeting tonight, there is a possibility of a negative impact on the market if the Fed decides to increase interest rates. In this scenario, we may see an opportunity to enter the BTC market at lower levels.
Looking at the daily time frame, we can identify key levels of support and resistance to inform our spot entry strategy. Specifically,...
USDCAD justifies a downside break of a five-week-old ascending trend channel, as well as downbeat RSI and MACD signals, despite marching towards the 61.8% Fibonacci retracement level of October-November 2022 downside, near 1.3690 ahead of the Bank of Canada (BoC) Consumer Price Index (CPI) for February. Should the inflation gauge suggests further rate hikes from...
GOLD Technical Analysis: Gold have been trending higher
for the past few weeks we have seen price moving higher
with some strong bullish momentum, there is a high chance
for some retracement on Gold we can potentially move back into
1942.81 area where we have our 50% fib retracement zone.
Once of fib is being respected we can potentially target gold
last...
Potential Bullish Gartley pattern identified.
A Retracement zone of 0.7 was marked from the previous swing for the supply zone.
If the D leg is tested with the fall and the price sustains above supply zone targets are marked with 0.382, 0.5, 0.618 levels of retracement of the CD leg.
In the above chart, the price action goes like this.
1) 50-60% Fibo retracement zone - Stock after a substantial fall getting lots and lots of demand from this zone
2) Its fibo retracement - Used from a swing low to swing High
3) Its called a counter trendline - stock currently getting demand on the extended CT, as a result of breakout and bigger time frame...
Hello Traders!
"Do you see the beauty of it? The Inevitability? You rise, only to fall!"
As Ultron has pointed out, at times, markets rise, only to fall, what we traders call a 'retracement'. The bullish retracement of BTC is almost at its fag end.
1. We'll begin from the All-Time-High of about $69000. From there, we see the first 5-wave impulse down and...
I found a double top in 4hr time in AUDUSD .Neckline also broken and I thought this is the retracement ,and the retracement also finished. So we can except some fall Let's wait and watch.
Gold stays on the bear’s radar as it reverses the previous weekly gains, the first in five, ahead of the all-important US employment report for February. It’s worth noting, however, that the 200-EMA level surrounding $1,805 puts a floor under the metal price, a break of which could set the ball rolling towards the 50% Fibonacci retracement of November 2022 to...
Daily Learning
Day-33
Fib Retracement - In a trending market, when the price starts to retrace or pull back, 0.618 Fib retracement level acts as a resistance level. And if it aligns with other resistance levels, it can act as a stronger resistance, making it more difficult for the price to break through that level.
