BANKNIFTY may come for retracement, HARMONIC telling 36450-36500 a resitance & also its psychological resitance, i am expecting a retracement.
GBPUSD takes offers around 1.3620, refreshing one-month low after UK Retail Sales for July disappointed the cable traders during early Friday. Also weighing on the quote could be the US dollar’s safe-haven demand, backed by the covid and taper tantrums. It’s worth noting that the quote’s sustained trading below 200-DMA and bearish MACD adds to the downside...
Stock after the retracement can bounce back from this support area. Buy around 515-520 With SL Below 513 on a closing basis. Targets will be 540 and 555 Great Risk to reward ratio for this trade and the FMCG sector can perform from here after a bit of retracement. Breakout from this level is needed RSI-based strategy. Candle confirmation today buy if closes in...
ICICI Bank has broken into unchartered territory with attaining an ATH. I have also plotted the Fib retracement for the fall in March 2020 and the chart pattern has played out the Support n Resistance levels at the the key levels of Fib retracement. Now the chart has also broken the 1.618 level mark and expect it to continue its upward journey to the next level of...
Burger King is on the verge of its long-awaited breakout. It has been respecting its 164.90 resistance line for long and consistantly. As shown in the graph it's clear, CUP & HANDLE Breakout on Daily time frame Flag and pole breakout on the hourly time frame The stock has been respecting its Fibonacci retracement levels, and right now is at the most crucial...
After 3 weeks upside momentum. Now its time for Retracement. The Retracement can go till 15000. then it will take a bounce from 15000. Nifty can be long only above 15900, if daily candle closes for the target of 16000-16150. Upside room is limited as of now.
as per technical view i see a channel type pattern, if there is above breakout I will look for long entry and how will I enter? I will wait for a pullback or if a big breakout i will look for small retracement and enter above and sl as below pullback of retracement. thankyou
ESCORTS after consolidating in a tight range for 28 days , finally gave a breakout reaching 1216 and then had a healthy retracement to 1192 and ready to show a good uptrend. You can consider this for Positional Trades/ Swing Trades. Also a good stock to hold on for long term. CUP & HANDLE PATTERN Timeframe: 1hour Keynote: Stock reversed and now in an uptrend post...
NSE:WIPRO Wipro looks to be in a good value are. Entered the stock since the risk to reward looks good. Tweezer bottom at a very good confluence of support(trendline+200ema/15min+support at 50% fib retracement). confirmed by good volume buying. Can be watched for next two days Last 2 15min candle shows good volume of buying there. planning to exit the trade on...
Technical Indicator used : Fibonacci Retracement. Respecting the Retracement level. Looking positive for Target of Rs. 129 - 135 in short term.
You would find yourself in a FOMO position ooohhh I missed it but in the market, there is no place for such emotions. One has to be on Toes to grab what they are going to get. I created a trendline from last year's lows to Friday's low. The Friday's close was exactly the close of 10/03/21 & there on we see a good deep retracement. Also on the weekly chart if we...
May 6 is when ETC hit its highest price around 180. Now we can see the price hold on the 23.6 of the Fibonacci retracement. If it holds we can expect a Bull market soon. There is also likely Consolidation with 38-50 of the Fibonacci retracement
#ICICIPRULI - gave a trendline breakout in 15mins TF - gave 61.8 FIB RETRACEMENT. - TE INDICATOR gave a BUY SIGNAL Levels are clearly marked on the Charts published on my Tradingview account. ENTRY/ EXIT/ TARGET LEVELS - These Details are ONLY AVAILABLE in Premium Service Channel for the subscribers. INDICATORS USED:- 1. Fibonacci Retracement 2. Volume 3....
#HINDALCO - took support from Trendline in Hourly TF. - bounced from 78.6% FIB Retracement. - TE INDICATOR gave a BUY Signal. Wait for short term resistance breakout. Levels Marked on Chart on my Tradingview account. ENTRY/ EXIT/ TARGET - Details ONLY AVAILABLE in Premium Service Channel. INDICATORS USED:- 1. Fibonacci Retracement 2. Volume 3. Open Interest...
NSE:NIFTY After a fakeout from the channel, Nifty pulled back into the channel but the bull leg in the channel is still bullish unless it breaks the bull leg trendline because as you can see the retracement is at 50% of fib-retracement. see how nifty reacts at these levels and then enter. not trade advice, analysis for educational purpose.
As we can see in the chart that BANKNIFTY was continuously going upwards since 22nd April. On 29th April BANKNIFTY faced the resistance of 33950 level and then pullback occurred. Right now BANKNIFTY is currently trading at 32700 level, now we can call this pullback as a retracement. So as per the Fibonacci retracement, BANKNIFTY can retrace 50% and then it will...
M&M looks good on chart.. it is trading near a short term trendline and can show retracement. A good RR trade can be done after retracement gets over. (for educational purpose only)
GBPAUD currency pair would show a retracement for short from 19-04-2021 and would further follow its down trade after its retracement. Please enter the market with a confirmation