on this kamathhotel, which already a bullish outperforming stock in this sector, continuosly making higher high on a trendline and getting support on this line. this position is also a trendline support area now here also a confluance of fibbonacci retracement on its high support area( marked) so may lead to a 8% target with trendline SL
Recently nifty bounced back on its 50% fibo retracement level. Now its formed head and shoulder pattern on its important resistance. Once its broken we can confirm nifty is going long. Trade on your own analysis.
We can see a weekly parabolic support in this stock and currently it took a support this week, am hoping this would reach at least a 1000 psychological level, Can book partial profits or complete then wait for a retracement to reenter.
Failure to cross a nine-week-old horizontal resistance drags the Gold price back an upward-sloping support line from late February, close to $1,920 at the latest. Adding strength to the downside bias is the falling RSI line and bearish MACD signals. However, the RSI line is below 50.0 and suggests bottom-picking, which in turn highlights the stated trend line...
The FASP for Nifty is listed for 04-08-2023. 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...
The FASP for BankNifty is listed for 04-08-2023. 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...
This has finished its wave 2 and 38% retracement shall be 392 But since wave 3 is starting 435 which is 161% extension
Change of polarity zone coincides with 61.8% retracement level for the swing under consideration. Hence this zone acts as strong support. Current price action may test this support zone.
support ka breakout kr chuka entry activate ho chuki h
Paytm today gave a volume triangle break out but its still not the time to buy right away. Wait for retracement to get better risk to reward ratio. if its below 550 better. Possible target 1 - 732 Target 2 - 832 Target 3 - 900 Target 4 - 1047 This is long term view not short term view.
Trend analysis RSI point of View Higher Top and High Bottom Sequence breaking. Dow Theory reversal could be happen. Negative divergence confirmation if lower high and lower low with bearish candle is witnessed. Can lead to retracement initially to 23.6%
Market is in retracement, so far no sign of weakness. Minor corrections will be there for it to make new highs In short term sell on rise looks good In medium term buy on dips looks good. wait for right set up and trade with high RR probability trades. buy at support & sell at resistance is basic funda to follow
NSE:DEEPAKNTR Confirmed 0.61 Retracement with good volumens. good time to enter the trade. stoploss should be on swing low.
02 AUG 2023 WORLD MARKETS 1. US is consolidating with a bearish bias. 2. Europe is choppy with a bullish bias. 3. Asia is mixed. INDIA VIX AND GIFT NIFTY 1. India VIX is at 10.2 indicating less volatility. Hence option premium may not move much. 2. GIFT Nifty is down 32 points at 19800 fut and 19700 spot. This amounts 100 points dn for bank nifty at 45500...
NSE:DBREALTY confirmed a bullish movement with a strong breakout you can wait for a retracement and then create positions. stoploss for the trade would be swing low.
NSE:SCI has showed yup a great breakout followed by great retracement and now getting up with volumes go ahead and create positions. stoploss for the trade will be swing low.
Banknifty for ( 30/07/2023 ) Enter once after " Breakout and Retracement " . . For " long " entry: 45530 target: 45760 stoploss: 45450 . . For " Short" entry: 45380 target: 45250 - 45020 stoploss: 45510 . . Enter only if market Breaks "Yellow box" mentioned. . Wait for proper reversal and conformation. . Don't make complicated trade set-up.📈📉 Keep it " simple,...
Bank nifty after making double top now facing rejection at the bottom of the double top. As per price action this the rejection must be taken to further continuity of sell side . Wait for this Wedge breakdown this will give us the trading zone to execute the order for sell side. Also with the Fib retracement the 0.5 rejection is 100 points away from to todays high.