BandhanBank after momentum now consolidating with falling wedge pattern and trading above its 50% fibo retracement levels. Showing a good bet for targets of 345-360 with a downside risk of 314 & 310. wait for breakout..
Have been observing Orient Paper since weeks.. the rounding bottom was getting formed and luckily it could sustain the curve.. now volume + horizontal breakout.. have also added targets as per Fibo retracement.. all my charts are weekly.. share if you like, thanks.
After a long weekly slide, wockpharma is moving into buy zone. check around the marked zone. Learning new idea and seeing differently. can go long after little of retracement.... good luck
If ITC closes below 231 it will form a bearish engulfing candle. Then we can see a retracement and bounce back from 220 levels.
A positive hammer after a small retracement with good volume.Buy with the a small target and put ur stop loss.
Bullishness after a retracement.Go long immediately and book profit at the mentioned target.But don't neglect Stoploss. May hold for more target with trailing stoploss.
Keep an eye on Justdial it is on the verge of breakdown. It has been consolidating in small space since June in addition to that it has been showing green candles for 3 days in a row. Be ready for retracement then breakout. . Stop-loss will be below previous immediate swing. Calculate your RR ratio an then trade.
FIBONAACI RETRACEMENT DONE TILL.618 GOLDEN RATIO .....NOT POSSSIBLE TO MOVE UP WITH RSI SHOWING OVERBOUGHT ...................
I have used a simple price action theory on the 15 minute time frame of Nifty 50. As we can see that from 18th May, 2020 Nifty 50 started making higher tops and higher bottoms where up swings are marked with green arrows and retracements with red arrows. Then on 8th June, 2020 Nifty made a high of 10327. But on the next day i.e. 9th June Nifty 50 couldn't cross...
Only known to future*, if this Retracement continues further its way down and gets converted to Reversal - Down Trend. Ideally Retracements are "No New Trade Zone". Traders who entered a LONG Position at 79 Levels would have exited at 89 Levels yesterday morning as suggested by 4th Grade Green. *Retracement and Reversal never Predicts.
Nifty shown recovery in last session and bounced back from 0.382 retracement zones 19330. Next leg of rally started for move towards 19630-700 zones which is 61.8% retracement of entire drop from 20222 to 18830. Analysis invalidation level 19360 Please hit like and add comments to boost the post. DISCLAIMER: There is no guarantee of...
Only some charts follow Fibonacci Retracement levels this beautifully. Keep a watch on this as Retracement Levels will act as good Support and Resistance levels in the future as well.
The present analysis is derived from 2008 and 2011 fall and historical retracement. . 12101: The last level until nifty can rise without correction based on previous fall analysis. . 10400: If correction happens this month then nifty might test 10400 levels which is a healthy retracement of 0.618 levels of fibo. . Retracement is imminent for a healthy economy....
ASAINPAINTS shows a POWERFULL BULLISH SIGNAL . Traders who missed the entry still can wait for a retracement. Their is no guarantee that a retracement would occur. but dont forget to enter if a retracement occurs. Beware : Please keep in mind and stay away from False Breakout Traps. Also this is not any recommendation, it is only for educational purpose....
Nifty has shown a clear cut breakout on charts. comparing it with Dow, Dow jones Fib Retracement is around 0.618 fromt the March lows. now you may be saying why are you publishing dow index when our main index is Nifty50. just to show that the dow is coming out of bear market and we are not have come out of bear market. we ( Nifty ) are at the retracement level of...
The breaking of the level of 1240 suggested a down move till 1205/1210 levels based on retracements. Now a fall below 1204 can open up target of 1185/90 on the downside. Upmoves will be corrective.
QUICKHEAL Double Bottom with 0.236 retracement. QUICKHEAL: @ 225 Formation of Double Bottom. Also near 0.236 Retracement @ 223.35 TGT @ 237, @ 248, @ 259 (Strong )
SBI is entering a congestion zone and a strong resistance at 265 levels. It is also taking a support at the 23.6% retracement. But it may break and go below this to test the 38.2% retracement levels which is at 225. Go short now. Or can wait till 243 levels to get confirmation that the price is going below the 23.6% retracement levels. Target = 225 SL = 270...