Stock broke a long term trendline and was in consolidation. It has made a inverted head and shoulder pattern during that period. One other thing to notice is that as the price moves higher the stock is gaining volume and when it goes down there is not much volume involved .We might be witnessing a retracement of 50 to 61.8% retracement in coming weeks. Target...
Amara Raja Batteries Ltd looks bullish technically on Monthly timeframe. Analysis is price action based. It gave breakout in Oct on this TF. And for the past few month it is coming back to previous resistance line. Now this month is forming green candle and may start moving upwards. From the recent low to high I see support above 0.5 fibo level which...
Bullish FLAG pattern . Very Reliable pattern. BIG TARGETS Did a healthy retracement from 61.8% Gave Weekly Close above Resistance Zone and above the Long Wick Area Volume Expansion also seen LONG For Short Term and Medium Term Buy between 2560-2580 for Good R:R Short Term SL-2480 Medium Term SL-2380-2350 Short term targets-2930-2950 Medium Term targets-3130 (1.618...
Reliance - Flag pattern breakout a) Flag pattern Fib retracement was until 0.382 ( Price 1850) b) Break out at Price - 2220 c) Again using Fib retracement the price can reach until 1.618 level (Price 2700 )
Titan is testing its All time high for another time at 1610 levels. If it manages to break the resistance, Execute long after the retracement happen near the Resistance level as mentioned in the chart for a minimum target of 50 points. If it fails to break and started to fall, execute Short at 1580 levels after the retracement (for confirmation) for a target of...
JSWSTEEL - has flag pattern and has potential for bullish trend. My Trade ideas to either buy in breakout or buy at retracement depending on 06/02 chart movement Breakout trade idea holds good only for 06/02. Else the level will change. Retracement holds good for longer period. Note - Sharing ideas for my knowledge and evaluating my conviction
#IGL - Gave 61.8% Fib Level Retracement from the recent high. - Facing Support from nearby Support Zone of 524 - 522 - TE INDICATOR GAVE A BUY SIGNAL Levels are clearly marked on the Charts published on my Tradingview account. INDICATORS USED:- 1. Fibonacci Retracement 2. Volume 3. Open Interest Data 4. Valuation Bands by TradingEdge Academy & * Proprietary...
Monthly TF at Major Supply range. Weekly TF trading between a range, currently formed Bearish divergence. Daily TF formed a New low on Thursday, sign of Downtrend. SHARE YOUR VIEWS In DAILY TF, Can expect fall after testing SMA 20 / Fibonacci Retracement level of 61.8%. Target levels 62$, 59$ & 57$.. Follow with 4H /1H TF for more confirmation. (These...
#ACC - Strong Uptrend. - Gave 78.6% Retracement and bounced back up. - Taking 50EMA Support Levels are clearly marked on the Charts published on my Tradingview account. INDICATORS USED:- 1. Fibonacci Retracement 2. Volume 3. Open Interest Data 4. Valuation Bands by TradingEdge Academy & * Proprietary Indicator * "Trend and Reversals with Volume" by...
On Apr 28th, I had posted on these columns to go long on Bata explaining my rationale in detail. Bata is going through a major correction since Mar'20 and has since been on what you call as a bear market rally until Jan'21. Since then, the prices touched a low of INR 1264 in Apr'21 when I posted this recommendation on trading view to go long. The retracement that...
#APOLLOHOSP - Ascending Channel formation. - Price is currently trading near the lower end of the channel. - 200EMA support in Hourly - gave 61.80% FIB RETRACEMENT and bounced back up. - TE INDICATOR gave a BUY SIGNAL in Hourly. Wait for the nearby resistance breakout. Levels are clearly marked on the Charts published on my Tradingview account. INDICATORS...
#EICHERMOT - Trendline breakout - 200EMA breakout - gave 50% FIB Retracement Levels are clearly marked on the Charts published on my Tradingview account. ENTRY/ EXIT/ TARGET LEVELS - These Details are ONLY AVAILABLE in Premium Service Channel for the subscribers. INDICATORS USED:- 1. Fibonacci Retracement 2. Volume 3. Open Interest Data 4. Valuation Bands...
TESLA HIT 38.2% retracement Make A swing Bottom Form a Morning Star candlestick Pattern Can create near term bullish outlook as long as hold Swing Bottom low RSI exit the oversold Swing Bottom Gets Created Based on Higher low and Higher High L > L1- L1-< L-2 H > H-1 H-1 < H-2 Today body gap up yesterday body gap down If moving average is crossed then trend...
#AMARAJABAT - gave 38.20% Fib Retracement - taking support from 200EMA in 15mins & 50EMA in hourly - TE INDICATOR gave a BUY SIGNAL Levels are clearly marked on the Charts published on my Tradingview account. ENTRY/ EXIT/ TARGET LEVELS - These Details are ONLY AVAILABLE in Premium Service Channel for the subscribers. INDICATORS USED:- 1. Fibonacci...
#HCLTECH - taking support from 38.20% FIB RETRACEMENT - 200EMA support in 15mins & 50EMA support in hourly - TE INDICATOR gave a BUY SIGNAL Levels are clearly marked on the Charts published on my Tradingview account. ENTRY/ EXIT/ TARGET LEVELS - These Details are ONLY AVAILABLE in Premium Service Channel for the subscribers. INDICATORS USED:- 1. Fibonacci...
#SAIL - good news in steel sector. Positive view. - gave 61.8% FIB retracement from the recent top. - trendline support - TE INDICATOR gave a BUY SIGNAL Levels are clearly marked on the Charts published on my Tradingview account. ENTRY/ EXIT/ TARGET LEVELS - These Details are ONLY AVAILABLE in Premium Service Channel for the subscribers. INDICATORS USED:- 1....
#MnMFIN - buying volume building up from the last 3 sessions. - gave a heallthy retracement of 61.8% from the recent high - TE INDICATOR GAVE A BUY SIGNAL. Wait for the confirmation candle to form. Levels are clearly marked on the Charts published on my Tradingview account. ENTRY/ EXIT/ TARGET LEVELS - These Details are ONLY AVAILABLE in Premium Service...
#NAUKRI - strong reversal from 200EMA in Daily with good volume. - gave 23.60% FIB retracement from the recent top and seems ready to make an upward move. Levels Marked on Chart on my Tradingview account. ENTRY/ EXIT/ TARGET - Details ONLY AVAILABLE in Premium Service Channel. INDICATORS USED:- 1. Fibonacci Retracement 2. Volume 3. Open Interest Data 4....