in daily their is a engulfing candle..market already retest its 61.8 retracement...
Monthly chart Reveals an upward channel breakout. Any retracements an opportunity to go long. (10300-10500) Keep a watch on the upper line of the channel which is probably the support for the next base. Any retracement towards the upper line of the channel (support) is an opportunity to go long. Drop below the support will be a concern.
Explained in chart....
Targets :3015-3235 Buy range :2850-2870 Stoploss :2710 Duration :4-5 weeks Outlook : The key observation on the price chart of Piramal Enterprises is that the stock has recently registered a breakout above the upper band of the falling channel encompassing the entire decline since June 2014 high of Rs 3088.95. It signals end of the corrective phase...
price rejection candle has formed..cluster with support area and .618 retracement... sl--4115...Target---1st-4286,2nd-4520.
after making low of 707 yesterday, the corrective phase is over. it may start back its bull run again, this bull run may take the stock to next level beyond 780. why i feel is fib retracements are perfectly support the view. After making double top, it retraced perfectly 23.6%. If you look back at the price 687 and 673 it made the same retracement...
As seen in Infosys, the price is moving in a descending channel forming lower highs and lower lows, indicating down trend in the daily charts . Lately, the price has resisted the upper channel and .5 Fibonacci retracement of the last swing is acting as resistance. Also, there is negative reverse divergence making it all the more bearish. Therefore, expecting the...
Closing price currently trade at $73.444 a buy opportunity is envisaged from the current market price as we may continue to see price go up. Our Buy target TP1 is 75.750 , TP2 is 77.815. stop loss at 72.008. we can see a 78% retracement before around October starting and now again after bull run 78% retracement. It's a good 1:4 RR trade.
We can determine if price has finished pull back. 1) Break of 1st structure or Trend line (TL). 2) A new Extreme, another Breakout below will happen if retracement is sell. It tells us the climax or retracement. we can look for direction entry when price signals.
September 2, 2024 Medplus seems to have completed a triple correction and is on the rise. It created a demand zone between Rs 595 and Rs 605 level. The stock retested the demand zone for the second time in the last week of August, and as expected, buyers came and moved the stock up toward the Fib retracement 50% mark. If Medplus holds the 50% level and...
Yello, Paradisers! MATICUSDT has recently shown a strong bullish move, but is it time to prepare for a retracement? 🧐 💎We’ve identified a crucial support level at the 61.80% Fibonacci retracement. A bounce from this level could signal another bullish wave, but we need confirmation. Specifically, look for an Internal Change of Character (I-CHoCH) to solidify a...
Yesterday, there was significant movement in Banknifty. What about next? As per the pullback, the market may go further up with minor consolidation. GiftNifty also indicates that. If the market opens with a gap-up, we can expect minor rejection around the immediate resistance level. If this happens, it may retrace up to 23 to 38%. After that, if the market finds...
Good morning, friends! 🌺🍬 Here are the directions for July 12th: There are no significant changes in the global markets, which are still showing a moderately bullish trend. Our local market is also showing a moderately bullish trend. Today, the market may open with a gap-up start, as indicated by GiftNifty, which shows an increase of 60 points. Yesterday, there...
Currently Nifty50 is moving in an ascending channel however the angle of its ascent is a little more for to be comfortable with. One of these resistances should be the ideal spot for it to take a breather according to me. -We are so far only talking about a normal healthy retracement. - Correction / Crash was never and can never be precisely predicted. When the...
SUVENPHAR has given a BO but will it have more volume and retracement? Will make a move once I see volume buildup and retracement.
Tarsons has been in the down trend since a long time and in the downward channel. It showed signs of up move earlier but didn't sustain and on the downward continuation it has formed a pattern such that it has crossed the upper channel line after the retracement. So it's possibly on the verge of starting it's move north. Overall market conditions to keep in mind...
1. **Price Movement**: - The price is currently forming higher highs and higher lows, indicating a potential uptrend on the 15-minute timeframe. - The price is currently at 2311, located within a bearish order block. 2. **Order Blocks**: - **Bearish Order Block**: The price is currently within a bearish order block (highlighted in red) around the 2311...