USDCHF extends the early week’s bounce-off 21-day SMA while directing bulls towards the key horizontal resistance ahead of the Swiss National Bank’s (SNB) monetary policy meeting. Given the overbought RSI conditions and the SNB’s anticipated hawkish tone, despite no range expectations, the pair is likely to step back from 0.9375-80 resistance area comprising...
Contra bet in this bulllish Market. Banknifty chart seems to have topped at 37700. Since then, It has been printing Lower highs with base of 34500 - 35000. Index must break the lower high formation to turn bullish again Or Break the base of 35000 Index may test Previous All time high of 33000 which also happens to be 61% retracement of the whole 30000 to...
From low of 134.6 to high 209.4 taken 70 bar, From 209.4 retracement of 0.618% 163.35 taken 89 bar. From 163.35 to high 239.2 again taken 70 bar and retraced only 0.5% taken 24 bar up to 201.6 and started up move. Now if it taken out 239.2 in less then 24 day from low of 201.6 then it will confirm faster retracement and authenticate bullish BO that can go to...
#BAJAJAUTO - Bounced from the convergence of 50% Fib Retracement and support zone in the daily chart. - Formed an Ascending Triangle Pattern in 15Mins - Likely to see a short-term breakout above the Inside bar candle formed in the previous session, Levels Marked on Chart. ENTRY/ EXIT/ TARGET - Details in Premium Service INDICATORS USED:- 1. Fibonacci...
#INFY The price took 400EMA support in 30Mins TF. The stock gave 50% FIB Retracement and bounced back. Currently trading near resistance; wait for the breakout before entry. Levels Marked on Chart. ENTRY/ EXIT/ TARGET - Details in Premium Service INDICATORS USED:- 1. Fibonacci Retracement 2. Volume 3. Open Interest Data 4. Valuation Bands by TradingEdge...
#HCLTECH - Available at fair price valuation as per Valuation Bands Indicator. - Gave 61.80% FIB Retracement in Daily. - Trading at a trendline Support. - Positive momentum seen in the last hour. Levels Marked on Chart. ENTRY/ EXIT/ TARGET - Details in Premium Service INDICATORS USED:- 1. Fibonacci Retracement 2. Volume 3. Open Interest Data 4. Valuation...
Not only failures to cross the support-turned-resistance line during the previous week’s bounce but bearish MACD and weak RSI, not oversold, also favors EURUSD bears as global markets prepare for the Fed decision on Wednesday. However, 61.8% Fibonacci retracement of November 2020 to January 2021 upside, around 1.1885, offers immediate support to the quote before...
Hello, I Am Beginner So Please Don't Trust On My Analysis 100%, Analysis:- After A Good UpSide Rally Take Support At Fibonacci retracement 38.2%, Healthy retracement, If Hold This Level Can See Good Up Side Rally. :)
DAX Monthly chart Showing a breakout Expect rise towards 2.618% retracement levels of 17625. 2.618% retracement is of the fall from 8095 to 2206. The breakout effect continues towards 100% (13985) The same is crossed.
Having failed to conquer $72.00 during early 2020, Brent bulls again confront the key hurdle comprising 78.6% Fibonacci retracement level of October 2018 to April 2020 south-run. Although fundamentals are favoring the black-gold buyers, overbought RSI and the strong upside resistance challenge the commodity’s further upside around $72.20. If at all, the bulls...
#DRREDDY The stock gave a trendline breakout in the previous sessions and in the last session, it re-tested the breakout area. Also, the price is facing support from 4490-4480 zone which co-insides with 50% FIb Retracement Level. Look for a buy confirmation. BUY ABOVE **** SL **** TARGETS ****/****/**** INDICATORS USED: 1. Fibonacci Retracement 2. Volume 3....
BitCoin is near its support zone of ~42K.. this one should hold. If this breaks than some respite expected at ~37K, else next support will be seen way deeper at ~28K. The 42K will be at ~25% retracement level, while ~37K is at major fibonnaci retracement of ~38%.
There is possibility that it can try to fill gap and protect 55 ema level which is also 0.618 Fib. retracement value(14300) of last up move from 13596 to 15431 and gap support. Gap support, Fib retracement and 55 EMA all three are coincide at same level. 2nd possibility - If gap down opening bellow 14340-50 in this week, it will create cluster island. Logical...
Midterm forecast: While the price is below the resistance 0.9990, beginning of downtrend is expected. We make sure when the support at 0.9650 breaks. If the resistance at 0.9990 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 0.9899 on 2021-01-06 and the...
Midterm forecast: While the price is below the resistance 0.9330, beginning of downtrend is expected. We make sure when the support at 0.8985 breaks. If the resistance at 0.9330 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the peak at 0.91615 on 2020-12-03 and...
Wipro since results, making LH-LL price structure in daily scale. Stock is trading below 23.6% retracement levels. Once it closes and sustains below 38.2% retracement level i.e. 415.96 then high chances stock revisits 384/362 levels. How to trade with lowest risk may be 5000 per lot, you need to learn hedging. SL is NA if trading with fixed risk strategies which...
CONCOR - Daily Todays closing is at the junction of a 200 EMA + Fib retracement Level and Trend line. MACD has also become positive. Results will be the required spark to lift the momentum as already the containers are in extreme shortage. As per the Fib Retracement one can initiate buy above 417 for a short term first target of 464.... Self Explanatory chart...
Nifty spot cmp 15400 Elliot wave study :- Impulse phase is on verge to mature,, wave 1 is smallest wave of 1235 points, 12% wave 2 is retracement wave ,,have retraced around 0.382% of wave 1 wave 3 is strongest and longest wave of 3175 points,28% wave 4 is retracement wave,, have retraced around 0.382% of wave 3 wave 5 is smaller than wave 3 and bigger than...