The chart shows a flat pattern in progress, which is a type of corrective wave. The pattern is labeled as A-B-C and is indicated by the three waves on the chart.
In a flat pattern, wave B retraces at least 80% of wave A, and wave C moves in the opposite direction of wave A.
On this chart, wave A started at the high point of the trend and moved downward, followed...
GBPUSD confirmed a rising wedge bearish chart pattern on Friday, despite posting another weekly gain and marking an intraday run-up of late. However, the absence of an oversold RSI suggests that the Cable pair could drift lower. That said, the 50-SMA and a two-month-old previous resistance line, respectively near 1.2200 and 1.2170, can restrict the short-term...
Go Long above 1177 for Targets of 1292.95, 1408.9, 1524.85, and 1640.80 with SL 1061.05
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the all-time swing low (point A) to the all-time swing high (point B) then we see stock took support from the 0.618 Fibonacci level.
2. Also a bullish candlestick pattern Bullish...
The FASP for BankNifty is listed for 26-03-2023. 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...
Infy (1492)
We are looking at weekly candlestick chart
In Dec 2022, I had mentioned the level of 1444 to be of crucial importance. The stock made a low of 1446 and then has seen smart bounce from thereabouts.
Currently the stock is in retracement mode. Important for Infy to hold on to 1480-1460 zone
If withheld then stock can be looked with an upside target...
NSE:ADANIPORTS is making bearish engulfing on weekly and that makes it a perfect short candidate for next week as long as it closes below 690 on todays weekly close. Also Fibonnaci shows retracement on downside and also getting rejected from trend line resistance.
One can carry shorts with SL of 710. Expecting 638-640 levels on the downside.
Let's see how...
BUY - ZEE ENTERTAINMENT ENTERPRISE
CMP - Rs. 215
Target - 1: Rs. 280
Target - 2: Rs. 372
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Comment: 1) Maximum Return - 72%
2) Target - 2 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern indicating a bullish reversal
2) Targets set using Fibonacci Retracement and Gann Angles.
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BUY - BAJAJ ELECTRICALS
CMP - Rs. 1104
Target - Rs. 1314
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Comment: 1) Target will be achieved in short term
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Technicals - 1) Harmonic Pattern - Snorm
2) Targets set using Fibonacci Retracement and Gann angles
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The FASP for BankNifty is listed for 23-03-2023. 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...
Looking good for long term investment.
Price touch major support level
Retracement in 61.8 Fibonacci level
Good volume in daily chart.
Educational purposes only
NSE:DABUR
Dabur India Ltd. Intraday + Swing Analysis
1. Dabur has been forming a Channel on the hourly timeframe and its also near a support zone
Most channels are the last leg of a trend.
1.(a). For intraday, it has been forming a range near channel resistance so one can trade this range Breakout or reversal(Down leg in the channel)
1.(b).Fib...
The FASP for BankNifty is listed for 22-03-2023. 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...
Nifty broke the downtrend channel on the downside but managed to close inside the downtrend channel again, travelling in a smaller retracement channel. But it did not show strength to take a long trade next week. So, I will be shorting as per the plan shown on the chart and if Nifty does not behave as per my analysis, I will either not take any trade or take a SL...
NTPC Stock Analysis report.
Stock has trendline break out
Sort at 177 with SL of 178 Target 170
Over all stock is in uptrend and this is just retracement
