Hope that from here another bull run will follow for this quarter, since good things are happening to ADANI GREEN and ADANI GROUP.
1. Stock is reversing after making a new lifetime high. 2. Go long on at 23.6 fibi retracement of prior uptrend i.e. 923.60. 3. RSI divergence is observed in daily TF, trade with tight stop loss.
Bank Nifty Spot Levels - Plan A :- Buy Near 78% Retracement Level ~ 21250, Stop ~ 21200, Target ~ 21700, 21800, Plan B :- Sell Below ~ 21000, Stop ~ 21200, Target ~ 20633
NIfty Spot Levels - Plan A :- Buy Near 78% Retracement Level ~ 10160, Stop 10120, Target ~ 10275, Plan B :- Sell Below ~10080, Stop ~ 10150, Target ~ 9940
Nifty is at a crucial 0.618 retracement Let us see if it respects this level or it breaks this level.
IT HAS BEEN IN UP TREND SINCE CRASH ALSO IT HAS REACHED ALL TIME HIGH 2 DAYS IT HAS BEEN IN OVERBOUGHT ZONE LOOKING FOR RETRACEMENT OPPORTUNITY ALL THE BEST...!
>>nifty bounce back form 50% retracement of current rally!! >> consolidation may take place here!! >> weak below 9800 and strong above 10000!!
Please consider this information as educational and trade upon your volition. On 8/6/20, SBI had a gap up opening and tested the resistance line of Fibonacci retracement at 23.6%. As there is bullishness in foreign market, same may appear Indian market today. Considering market structure as bullish, a long trade can be executed considering the same line as profit...
As posted earlier, Maruti has achieved target in LONG side. Now, a retracement is expected.
Nifty can be shorted if market acknowledges the retracement .Lets ...
EICHER MOTORS its looking bullish after some Retracement around 16400-16000 Upside View @ 17250--18100
HDFCBANK IS GIVING A RETRACEMENT BACK TO ITS BIG HURDLES NEAR 960 AND 1000.ONE CAN GO LONG AT CMP WITH A SL AT 870 FOR A TARGET OF 960/1000.BUT REMEMBER TO BOOK PROFITS NEAR THESE LEVELS.
Stock is at one of the resistances (previous support) level, with signal + volume. Probably will retrace till 50% as it did previously. Target might be achieved in intraday too!
Emami LTD is showing suppoart at 62% retracement of 180 from its top of 238.
Tata Chemicals having completed a five wave Impulsive move, is now retracing the rise. Sell for a traget of 247 SL above 296
Nifty has retraced from the bottom to 9859 as now in the retracement zone. We short the Nifty and nifty will go down upto 8600. Short Nifty @ 9550 Trg 1 - 9200 Trg 2 - 9000 Trg 3 - 8800 Final Target - 8665 Option Traders - Sell Nifty 10000 CE . Sell Nifty 8500 PE . Buy 9400 PE
We will open with gap down on Monday as we react from 50% retracement level of recent fall as seen in chart Bulls need to hold 9355-9310 zone for rally back to 9460/9600. Bears will get active below 9250 for a move back to 9200/9100/9000. Buy Above 9555 Tgt 9610,9666 and 9710 (Nifty Spot Levels) Sell Below 9515 Tgt 9490,9460 and 9430 / 9355 /9272 /8707 (Nifty Spot Levels)