200 week average at lower levels. 5 year average. around 50% retracement. Weekly RSI Oversold Retracement 50% and 61.8% could be opportunity for passive long term.
NSE:NIFTY Observations: 1) On 1 day time frame, we can see it closed just above 20DMA. 20DMA is placed at 17745.56. And it is at 61.80% retracement level from top to down Fib Retracement. Please refer below chart : 1day Time Frame. 2) On 1hr time frame, we can see range of 17600-17650 is very critical as it was working as support and resistance...
Nifty wave 1 of A done. We are in Y major wave. 5 wave of 1 have finished. Will go for 2 of A, which will be in 3 wave (abc) (18061 may be tested) This move of retracement may keep busy for 3 max days. Then we will go for 3rd of A. All levels mentioned in the chart with fibo projection and retracement. Please do your own analysis before going for trade. Any...
Short Market Report It has been a tormenting few days since the price action (charts) and other data points were giving conflicting impressions. Add to that the undying positive attitude in the market. And in one candle we take out all the gains since 12 Jan. I have been vocal about the fact that a retracement is long overdue and today marked the start of...
Market on the verge of a major breakout or retracement. As per price action weakening of candles indicates no strength and cannot break the level. If that is true then we should either see a retracement back to 50% level (37950)or consolidation. Of course, the X factor can be the global news and results.. Maybe the market is indecisive about the outcome and hence...
BNF Analysis: Market on the verge of a major breakout or retracement. As per price action weakening of candles indicates no strength and cannot break the level. If that is true then we should either see a retracement back to 50% level (37950)or consolidation. Of course, the X factor can be the global news and results.. Maybe the market is indecisive about the...
A simple Flag pattern , can buy at retracement , can go for long if 4 hour open close after retracement.
1. This stock made a monthly cup breakout (Powerful) with great volume. 2. After breakout in weekly timeframe there was consolidation with weekly breakout. 3. In daily timeframe, we can see a trend developing and starting of retracement. 4. Retracement will not be deep since the daily breakout is very strong. 5. Waiting for the market sentiment to be good. 6....
NSE:BANKNIFTY Observations: 1) On daily time frame, if we put FIB retracement then we can see that it stayed between 50% and 61.80% level of FIB RETRACEMENT. Please refer below chart : 1 day Time Frame. 2) On 1hr time frame we can see that it is just above the upper trendline of parallel channel. Please refer below chart : 1 hr Time Frame. 3) On...
50% retracement respecting for 2nd time in daily time frame. huge volume with reversal at 160 which is 61.8% retracement. this level can be used for averaging purpose.
NSE:BANKNIFTY Most of the levels remains same. Observations: 1) On daily time frame, in last we have applied FIB retracement on daily time frame. And today it closed just near 38.20% level of Fib Retracement. If it sustain above this level tomorrow then we can see 40656 as next big level may be in a day or two. Please refer below chart : 1 day Time...
When we can see the picture as a whole, It took reversal from "Fibonacci retracement level 0.786" in an uptrend journey, Its already up 600% and we can expect continue to reach the next 500% price level which is whooping "$38,0000" before an another retracement.
NSE:BANKNIFTY Observations: 1) On daily time frame,Friday it has closed above 21DMA and on 01-11-2021 it took support from 21 DMA and made bullish candle. Please refer below chart : 1 day Time Frame. 2) On daily time frame, If we apply Fib retracement then we can see that it has given good upmove from 61.8% level of FIB retracement. Please refer...
IDFC First Bank has completed one Elliot Wave cycle with an impulse wave 1-2-3-4-5, starting from INR 18.5 and ending at INR 69.25, and a corrective zig-zag wave A-B-C, ending at INR 40.7. This cycle is a formation of a bigger wave, wave 1 & 2 (which is not marked in the chart). If the analysis holds true, wave 3 has started. Trading guidelines: 1) Aggressive...
NSE:BAJFINANCE Observations: 1) On 1 day time frame, it managed to close above 21DMA after volatile session. 21DMA is placed at 7752.89 level. Also if we apply FIB Retracement then we can see that it took good reversal from 61.80% level of FIB retracement. As per FIB LEVEL Major resistance is at 7748. Breakout of the same will make it bullish. Major...
NSE:BHEL I am posting this on request from one of the follower. Observations: 1) On 1 day time frame, 14-10-2021 candle is a profit booking candle. On 18-10-2021, if it breaks the low of this candle and keep trading below then it will continue the profit booking. But if it trades above and takes support from low then it will be bullish again. Major...
GUJGASLTD has formed a slightly good parallel channel on a daily time frame and it has broken the channel on the downside and looks like it is doing a retracement. But the RSI indicates little different as it is near 30~ this indication looks like a false breakout and based on Trend based Fib retracement we can expect it to touch the previous high if it moves back...
tatamototrs price action breakout happened. there is high probability for this stock to move to 320/330 range within 1 week. observe the price action channel and see howmany times the stock is respecting this price channel. breakout happened but there may be a retracement after breakout. so one can enter now or waiting for a retracement. swing trgt can be 320/330...