Hindalco has broken out of 128-129 resistance zones with good volumes which is also said to be 38.2% retracement of the stock Next target at 143-145 which is 50% retracement. SL at 125 DCB Risk:reward 1:1.8
1. Descending Triangle Pattern Formation On ICICI Bank Chart. 2. Fibonacci Retracement drawn from last high and low on Hour chart. The closing price is above 23.6%. So, It will at least retrace to 38%. 3. The maximum it may go up to 50% Retracement. There price may get the rejection from the day trend line. 4. Buy above 293, Target: 295, 297 Stop Loss:...
The Fibonacci weekly retracement levels are at 0.5 On the daily chart the 1.2 fibonacci expansion is in confluence with the 0.5 retracement. In my opinion the present rally might be over and the prices might retrace from thereon i.e. 500
LET US COMPARE WHAT I SAID IN THURSDAY EVENING POST FOR MONDAY 1. ON WEDNESDAY POST I I WAS BEARISH FOR MARKET SO ON THRUSDAY BNF MADE SLIGHTLY BEARISH STRUCTURE WHICH I MENTIONED IN THRUSDAY EVENING POST. NOW ON MONDAY YOU CAN SEE ON THIS BEARISH SENTIMENT MARKET REACTED SO WELL. REMEMBER FOUR DAYS BACK I TOLD I AM BEARISH. THAT IS ON RECORD ANY ONE CAN SEE ....
Inverted Head & shoulders formation in Ramcocem at 23% Fibonacci retracement. Long positions can be created above 560 levels with targets of 600(50 EMA) & 621(38% retracement) with a stoploss of 550.
---> My eye always travels from right to left looking at the more recent data and scanning back when I apply FIB RETRACEMENT. As a trader, you now want to know where the market should not go . As per this statement, 10709 is a very crucial level. If the bottom is still not out then, Resistance and Confluence zone at 100038 . I have applied here 3 Feb...
NSE:NIFTY THIS IS A LONG TERM VIEW OF NIFTY Since Nov first week, Nifty has been quite in a consolidation phase. For majority of the trading days it didn’t turned out to be profitable for the buyers of both sides of options but yes definitely for sellers. And everyone is aware about the peaceful world scenario we are having right now. Coming to chart the short...
1. ICICI Pruli is still looking strong in uptrend. 2. Over this chart i'm looking for retracement of this uptrend. 3. Will take only short trade when the price will break trendline support & red horizontal line. 4. Looking for 0.618 - 0.5 FIB retracement. Follow our telegram channel for more updates : t.me
head and shoulder on weekly proper retracement after breakdown. proper pinbar on weekly after retracement.
Nifty Completes a Bullish shark @level 10730 for its D leg. And forming another Bullish Anti Cypher, To complete, it has to reach 10670 Level. But the support for Nifty is available @10650 level. So for Intraday what should be the Strategy? There are two possibilities. 1. Nifty Opens with a gap up. Then in this scenario we can assume that the Bullish Shark...
Just 40 points below 0.5 fibbanacci retracement level. Also, RSI negative hidden divergence may be seen at this level. If crossed this level and sustain above, then maruti can go up-to 7300 levels - .618 level of Fibonacci retracement. Current levels to be watched carefully for any further position in maruti
Tata Comm completed the the downward retracement to 61.8%.Now,it is heading to 643 to complete another 61.8% retracement. See Chart
+++++ Push the like "Like" to reveal hidden content +++++ Bitcoin heavy downtrend continues as yet again it reached a new 1-Year low, hitting $4210. Price remains in the support zone of $4375-4044, mentioned in our previous idea (). Market is going through a lot of stress and it will take more time for it to calm down. While the volatility is high, BTC/USD could...
after forming double bottom in 4hour time frame...the stock has gone 35 points from bottom so as per Double bottom after the neckline is broken we can enter in a retracement. Now the stock is exactly coming for retracement which had formed a channel like structure in 30 min time frame so stops below the demand zone buy when the channel is broken
Ripple looks to be entering a smaller retracement from a larger upmove that could take place and we could be in for a 61.8 retracement.
Applied Fibonacci retracement. ITC touched its 1.618 retracement at 321 levels and corrected. 100% Fibonacci level is around 296 so expecting correction till 296 and may be uptrend to resume depends on the situation. 296 will be a crucial level to watch out and a nice buying opportunity with good risk reward ratio.
On this hourly chart of Hindalco W.(A) and W.(C) are exactly equal, also W.2/B completing at the 78.2% retracement suggests that the Zig Zag correction may have completed to the downside and hence a new leg up can be expected from here on with small risk below the current swing low. For further confirmation we need to wait till the market goes above 230 and gives...
We have witnessed Banknifty taking a breakout from the downward channel. Below are some trade setups possibilities. 1. Banknifty will reverse from previous move's retracement levels like 0.54, 0.618, 0.74 or 0.786 (shown on the chart). Take trade only after confirming the reversal signal. Please also note the downward trendline of lower highs on daily chart. 2....