We created a parallel channel by looking at market pivots that have lines (a), (b),....(e). If look at this chart and drawing minutely, then you will found that where are maximum points(dots). That is called gravitation to attract the price value. In the future, while the pullback price tries to test this line in the coming days. Fibonacci ratio, Many traders...
NIFTY has completed its 38% retracement at 9392 from highs of 12430 to lows of 7511 at current levels i.e. 9260 Nifty is in the bearish range with stop loss of 9420 and above on closing basis NOTE : Please consult your financial advisor for any investment in stocks, futures and equity
Nifty close to 50% Retracement level! Are we close to Reversal?! NSE:NIFTY
After the crash due to Global Pandemic, the retracement is done till 0.38, now the time to continues with its bear motion from 9300
Hindustan Uni is finding support at fib retracement and hence might be a good position to enter into a swing trade. Minimum Risk/ Reward ratio of 2.
Only take the position if gets an retracement to the resistance area. Confirm whether it is getting rejected from the resistance then enter
Analysis of downfall and retracement in Nifty 50
Siemens is at 50% Fib. Retracement Level. This Level was touched and tested on Feb.1 and the stock bounced back from here. Now again around this level. This is also traditional support level. This stock must be in watch list. Any upward breakout may provide descent fruit.
Monthly Basis • Monthly candle is totally Negative from last two candle • Now consider the Huge Resistance is 12017 for Feb Series Weekly Chart. • Weekly Candle full body bearish candle ( Means Open and High almost same and close Near the Low) • RSI Below 50 • MACD (Trendline crossing MADC Line) • ATR on Upword range • So all Indicator in Weekly are...
As per Fibo Retracement and Extension, McDowell_N is in down trend. Expected to reach two targets on downside And also RSI coming down now at 41 Target 1 :: 565 Target 2 :: 560
After a strong move up expect a retracement to come down and build a support. 730-710 are the key levels which can be tested.
Infosys Stock is Ready for Breakout from Symmetrical Triangle & Retracement From 38.2 to 50 & 61.8
bearish pin at 21 EMA retracement downtrend SELL below 552 SL 580 TGT 536-523
Dear Traders, ITC is in retracement phase It has Strong supply @ 271, A strong close above 271 with huge volume would resume the uptrend, until it will be in a sideways to downtrend, Its for short term view. Thanks Dpak Please Like Comment & Share for more people would get rewarded.
Nifty likely to bounce back !! 50% Retracement Almost done Now Ready for next move
i am used Fibonacci retracement , market going to be down trend