Please beware bank nifty may take more retracement..
Timeframe: 4h As per the chart, Britannia has accomplished the sub-wave B of wave (4) and started forming wave C. If the price breaks down the low of wave c at 4314 , Traders can sell for the following targets: 4266 – 4236 – 4214 . A trade should only be initiated after a breakdown has occurred. There are two price clusters where prices can reverse: ...
Chart insist me to go with the above titled opinion.... Reasons : 1. Stock has been respecting the expanding triangular pattern . 2. MSTC has given BREAKOUT with extra ordinary volume on 28th November. 3. Respecting the DOW theory and has formed HIGHER LOW and then BREAKOUT. 4. REVERSAL from perfect trendline Support . Target and SL mentioned in...
$LDO broke trendline and started fresh trend. Also successfully retested resistance turned support zone. Now waiting for orders to filled.
Bank Nifty Taking support from 61% retracement.. it going upside.. keep watch this level.. Enjoy trading..
BANK NIFTY strongly taking support from level 42850.. It complete 61.80% fib retracement.. BANK NIFTY going upside..
Head and shoulders pattern is formed in bharatforge and it is ready to breakout within few days....... it took almost 10 years to form this pattern, so it will give a very strong up move if the trendline is breaked.... you can enter this stock after retracement....or tommorrow with proper stoploss.....
NSE:JSWENERGY inverted H&S with retracement.. Educational purpose.
MIRZA INTERNATIONAL cup formation monthly breakout. Weekly good retracement.Target 259
Stock is near 200 WMA after 2009.. also 485 is 0.618 Fibonacci retracement.. a good opportunity to accumulate for Investment
idea previously bounced from 0.786 fib retracement.. this time too it is the last and strong recognised support which seems to be hold.. placed a buy order @ 7.30 with stoploss @4.55. lets see
#POWERGRID #Daily Chart #UPFlag BO Retest Done #Buy 240-241 #Target 260 & 275 #Stoploss 235 DCB
just a retracement..... nifty still bullish educational purpose only
After giving fake breakout we have seen price has reversed sharply there by breaking prior swing low in lesser time then prior swing high took to form giving us a double confirmation of trendline breach along with faster retracement.Meaning a significant top has been formed in the stock for atleast next 6 months and It seems like tata motors has ended it's 5 wave...
Price action analysis + retracement.. .Entry, Target and SL given.. can you spot them..
just keep eye on it .. currentaly moving in upward parallel channel. it is again approaching its all time high as reistance level.. it may give good b.o. or may give good retracement.. decide on ur own. risky observation. no view.
Be cautious for long. nifty can come near 16K which can be a good entry for long in the upcoming days so trade in less qty overall trend is uptrend but we have also made some profit on such retracement.. Happy Trading .......
Reliance Industries is currently trading at the potential reversal zone (PRZ)/supply zone set by the XABCD Bearish Bat Pattern. In the past after reaching the supply zone, it got corrected until 0.618 Fibonacci retracementent of CD. After a good correction, it is trading now near the supply zone. Since it touched the all-time highs, it never had closed above the...