Seems like a bullish trend after a small retracement..
its for educational purpose ..
Do hit the like button and comment. Trade only if this setup suits your risk appetite. Regards Bravo
As detailed in the chart.. analysis done with wave theory, trend lines and Fibonacci Retracements..
1. Tgt 1 - 253 Tgt 2 - 260 Sl - 240 1. Bullish turn from stochastic. 2 . That support lvl is also a 61.8 fib retracementlvl
Hanging Man @ top after a quick run...some retracement..
Now buy bank nifty...sl 18900... target 19300-19450
Solana showing steady move and weekly breakout as per the fibo retracements. First resistance of the fibo bottom has bin decisively broken. It's ready to take the next levels.
Logic:Breakout retest done and fresh flag breakout of consolidation Targets are based on Fibonacci retracements. Company has strong fundamentals. Good stock to invest on dips as well. Idea is shared as a swing trade for educational purposes. It will help you understand power of flag breakout and continuation patterns.
Hello Traders, As you could see in the chart, price is reversing to fill the Fair Value Gap formed in Daily time frame. Price may touch and bounce back at 51750. In between, there could be a couple of retracements. Going short would be better near the 20 EMA (higher probability trade). More details given in the screenshot. Let's see what happens in the market...
Hi Folks, I am tracking silver linked ETF's for long term investment and did a long term and mid term analysis for the same. Analysis is on weekly timeframe, so mind you this will take a lot of time to play out. Also, ill cover a basic know how to interpret wave structure. Following is the inference- Elliott Wave Analysis Larger wave structure will follow 2...
Tesla is trading in one of the lowest levels since retracements. Good part is most of the bad news is already factored in. Now investors need to wait only for the good news which are : Interest rate cut (highly likely to drive up car sales , especially Tesla since it's expensive and most of the TESLA cars are bought on EMI; lower interest rates --> lower EMI) ...
MCX Gold has rallied one way from 62000 to 67000 in last 5 weeks without any major retracements. Gold is currently respecting a rising channel pattern & currently trading at higher end of this channel pattern. I'm expecting gold to correct and touch bottom of this rising channel. I tried to short gold last week but it went sideways so I had to close. Closed that...
Ramco Cements is currently displaying strong trading activity with significant volume and a notable breakout above the resistance level. The stock successfully breached its resistance, indicating potential bullish momentum. After the breakout, it retested the trend line, confirming the newfound strength. The current support for Ramco Cements stands at the 910...
In recent market developments, the XAU/USD (Gold/US Dollar) pair has experienced a notable breakout on the H4 (4-hour) chart, triggered by the release of key economic data from the United States. Breakout Analysis: The H4 chart indicates a clear breakout, signaling a substantial movement in the price of Gold against the US Dollar. Traders and investors are...