is the next target 4700??? as per fib retracement?
Sell strictly below 2775 for target of 2540 and sl 2850, R:R is above 3.1
At present, MCX aluminium playing on support trendline and drilling upward. Its volume is spiking 2X compares to average volume. Each spike is turning the existing trend. And moving average has tried to cross 50 MA with 20 MA but failed. That indicates continue uptrend ahead. According to ADX & Fib retracement, the bullish trend will start after a crossover...
Bank Nifty continues to get stronger. There can be a minor retracement before going ahead. Enter : 24169 Target : 25100 Stop loss : 2385
Looks like a after a good breakdown retracement is now over and ready to go down for short term NSE:INFRATEL
Breakout done waiting for retracement for a entry.
NSE:PEL (FOR LEARNING PURPOSE) Price Increasing on contracting volume Possible Retrace down could happen before rallying up Entry for Short - MARKET Target - 1300 Entry for Long - BUY WHEN PRICE RETRACES TO 1300 ( ON VOLUME CONFIRMATION) Target - 1630
BHARTIARTL completed its 78.6% retracement level + taken good support + formation of bullish harami candle
NIFTY - Looking small Downward Retracement in coming sessions. Generally a small pull back rally comes till 23 and 38% Fib level, If we consider current Covid-19 pandemic and WAR situation it may comes till 50 and 61% in worst scenario. let's check whether it breaks below or not, but probability if more to comes Downwards.
Today BajajFinserv take support on Fibonacci retracement level
Keep an eye on Bajaj Finance it is going to breakout soon (Possibility of an Up trend). . Reason to buy: 1) Triangle breakout. 2) Taking support on previous breakout levels. . Best place to buy is at a retracement levels of 3429.95. Stop loss will be at previous immediate swing levels. . Calculate your RR ratio and take the trade.
PEL is looking based on 2 factors. 1. Fibo 50% retracement and continuation 2. Taking reistance from long term support. It will be weak below 1252 (1246 for safe traders). Many more trades shared in our group. Focus on simple price action to get best results. Thanks Piyush Gupta
we couble be seeing a slight retracement in Banknifty from these levels but a overall trend will still be in Bears hands. The levels we are at right now have always proved very successful in the past, so going by the fact and Banking( depending) on the 50% Fibonacci levels lets see if the history can repeat or not. since I am a technical trader my POV changes in...
Bank NIfty 61.8 % retracement will be achieved , withing 2 weeks
Sellers fail to bring down SBIN 3 times denote's pressure from the bottom to push up. . Reason to buy: 1) Trend Line breakout 2) Buying pressure from bottom . Next best entry will be after retracement i.e after 201.60. Stop loss will be below intimidate swing i.e below 197.00. . RR ratio should be calculated and accordingly trade should be taken.
their is a breakout in jubilant food works i have been tracking this stock for few days now and waiting for this breakout to take palace. . Best stop loss would be below the immediate swing that is at 2240 levels. . Trade with calculated risk, next best entry after retracement at 2319.
infy is making a triangular pattern is on the verge of breakup. Stop-loss must be below the immediate swing. . Reason to Buy: 1) Formation of a triangular pattern. 2) Bollinger Bands showing consolidation. . Possible breakout in upcoming few days. After breakout retracement is possible at the same levels and momentum will continue after that.
NSE:MUTHOOTFIN On 1H chart MUTHOTFIN looks like Following Elliot Wave 5 Wave pattern. If so the MUTHOOTFIN should show 1204 Fib retracement Level. And then It may again show down move to complete its 5th wave. Just a personal View for study purpose no trade recommendation