The FASP for BankNifty is listed for 13-02-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Wipro successfully breaks out of its accumulation phase, which lasted from June 2022 to December 2023, and shows a strong retracement to the Fibonacci level of 61.80%. A clear target is now in sight, and the momentum continues.
-looking good after breakout of cup and handle
-retracement also done in daily tf
-rsi is weak point keep eyes there there also
-best time to enter is now but with 50% quantity only rest will be good above 725 only
Bitcoin's recent performance has been nothing short of spectacular, marking its most bullish week of the year with a 12% surge. This rally shattered the previous consolidation zone, propelling prices beyond the FWB:42K -$43.5K range. The cryptocurrency didn't stop there; it soared past critical thresholds on the Fibonacci retracement chart, signalling the...
As we can see despite the strong downfall we expected a strong rejection and we did see that exactly from our given levels and recovered almost 1.5. percent single day. Now we can further expect a recovery unless over zone is protected and every dip could be a buying opportunity till election but if manages to break below then we may see a strong downfall which...
NIFTY Intraday Trade Setup For 12 Feb 2024
Bullish-Above 21830
Invalid-Below 21780
T- 22011 22190
Bearish-Below 21620
Invalid-Above 21670
T- 21400
NIFTY has closed almost on a neutral note last week and formed a spinning top candle. In weekly TF it is just consolidation which is pretty common after a big run. We have initiated a short position below 21800 as...
- SPX has shown us a parabolic rally
- It's better not tp short SPX without a strong confirmation
- Look to Long Spx once you see a nice retracement to the origin of the move
Go Long above 46.8 for Targets of 52.7, 55.65 and 58.6 with SL 43.85
Reasons to go Long:
1. On a daily timeframe the stock gave Trendline breakout.
2. If we draw the Fibonacci retracement tool from the swing low (point A) to the swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
3. Also a bullish candlestick pattern Bullish...
SELL BTCUSD 47350, SL 47550, TGT 46000/45000
AS i have given buy in bitcoin last 3 days before on Wednesday and target hit 45000/46000, and high was 48150, its give a Change of Character in 15M and 1H at Resistance level or Supply Zone and i apply a Retracement and its 0.618% is 45000, so may be price will comes down and also generated a blockOrder for sell at...
ITC is currently trading within the support range of 412 - 406, which was established on April 23rd and has been retested. This range presents a potential buy or accumulation opportunity. In case of a break, consider buying at lower levels, such as 392 and 362, based on the Fibonacci retracement level at 50%.
Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
Elliott Wave Analysis Insight
BHEL's stock movement is currently showcasing an expanding wedge or ending diagonal pattern, often...
💎 SNX has broken out of the resistance zone, which is now acting as support. Additionally, it has broken out of a falling wedge pattern and formed a W pattern in the support zone, increasing the likelihood of a bullish trend.
💎 Moreover, the price has exhibited a CHoCH (Change of Character) or a breakout of the previous swing, indicating a bullish trend. Given...
Greetings Folks,
today I have prepared a setup of
NSE:HFCL on NSE
the analysis is as follows-
- the price has made a fresh bullish structure in 15 min time frame
- the last higher high breakout failed, which means price can make a retracement to refuel the momentum
- the buying price is set under the underlying sell side liquidity orders, if they get swept, our...
💎 SHIB has broken out of a falling wedge pattern and is currently forming a W pattern on the demand level. There is also a possibility of a further retracement back to the demand area to gather more support.
💎For confirmation of the bullish reversal W pattern, we would need to see a candle closing above the resistance level of 948. This would validate the...
- Link after building a strong base on a weekly timeframe did burst
- Now it's going to be interesting to see how Link reacts from its overhead supply
- This is not a good location to enter fresh longs or add Link to your Portfolio
- I would prefer to wait for a retracement instead of rushing and adding it in a FOMO
