As you can see that during this decline cycle gold price faced resistance on golden fib zone previously 2 times on daily time frame, current price is also trading under this golden zone for current retracement phase , watch this zone carefully if daily candle close above this then we can expect good bullish move but if the price failed again to break above this...
Indusindbank Triangle Breakout Retracement Completed Good Rewards View: 1 Month
Beautiful Cup and Handle Breakout by BCL IND. I have shared my analysis, need to wait for a small retracement to take the positions. Looks good target in upcoming days/weeks. Please consult your financial advisor before investing. Thanks!
Chart is self explanatory and detailed. 4th wave in progress should go to max 50% retracement line. As wave 2 was flat this could be zig zag correction.
Range breakout and retracement completed Triangle breakout on daily charts RSI above 60 and rising Increasing volume
Buy Nifty spot above 19460 stop loss 19200 daily closing basis target 23500 by end of March 2024. 23.6% retracement support + 3 months MA support can turn around the table from here onwards. Nifty ETF can be the one option. F&O depends upon risk appetite. Disc: It's not an investment advise to buy or sell. Do your research before taking risk based on content...
J&K bank can max touch 100-103 level . I expect correction from 50% retracement level to 73-71 zone. Disc : It's not an investment advise to buy or sell
The price is in the monthly supply zone 1668.45 to 1651.2. The priced has moved up beyond Fib Extension 2.618 (Please see the wave marking on the chart and plot Fib extension from 5.3-5.4/1-5.5/2). Better to book profit now and accumulate in the range 1611to1581; This is Fib retracement between 0.7 to 0.786 (Considering yesterday's top 1670 to the low of 25-Aug-23, 1558.4)
Nifty IT at the top of the weekly channel At 78.6% Fib Retracement of last 8 years Seems low probability of breaking out (or could be a failed break out) as no strong trigger (except the momentum from last few weeks), US market given a breakdown yesterday. Let's see how it turns out to be.
Primary degree:yellow Intermediate degree:White Minor degree:Red We are currently in Primary wave 3,Intermediate wave 5.Primary wave 3 has seen extention and has crossed 261.8% extention level and going ahead we can expect this extention to 361.8% which is coming at 818 level. Stock has given a fresh breakout last week and this week we are seeing retracement in...
Strong China data and a clear upside break of the 10-day SMA allow AUDUSD buyers to prod the resistance line of a five-week-old descending triangle on early Friday. Adding credence to the Aussie pair’s upside bias is the upward-sloping RSI (14) line, not overbought, and the bullish MACD signals. With this, the risk-barometer pair is likely to cross the immediate...
A Good breakout with a retracement level is on going. Try to find Long Positions. Just for educational purpose #priceaction
15 sep 2023 WORLD MARKTS 1. US and Europe markets are neutral to bearish. Asia has turned bullish. INDIA VIX AND GIFT NIFTY 1. India VIX is comfortable at 11 and looking bullish. and GIFT Nifty is indicating a muted opening. INDEX HEAVY WEIGHTS 1. HDFC Bank is bullish but consolidating . The range is 1650 - 1630 levels. 1650 is a strong resistance. Any break on...
Nifty consolidated on the weekly expiry after a movement in the opening hours. A doji candle has been formed on the ATH and after a nice upmove there will be a retracement or side ways market. It has closed around 20100 levels and there were no opportunities in the second half of the trading session. On the hourly charts, nifty tried to test the 20 ema but...
Dalmia sugar is looking good to be a part of bull run of sugar stocks. Levels are mentioned on chart. Stock is near 23.6% of Fibonacci retracement level. If level is broken, we can see stock moving to ATH as well. However, Commodity stocks have an added risk of being news driven so trade with strict SL. Idea shared strictly for educational purposes
bank nifty is approaching profit booking zone be careful some retracement will be there before moving upward journey
NSE:COLPAL On A 30 MIN Timeframe it has broken out from range sharply and then it is not doing a retest around this BO zone. Fib Retracement level are also around 618 + Trend line support. levels marked on chart,trade with caution Keep learning. Happy Trading.
As we can see NIFTY has exactly REVERSED from our levels as analysed in our previous post after much of consolidation. Now looking at chart we can expect NIFTY to continue its BULLISHNESS unless it breaks below 19860 then we cam expect some serious retracement till 19600 till then every dip is a buying opportunity so plan your trades accordingly.