It is closing above trend line as well it bounced back from first retracement level (0.382) nicely.
Few weeks of bearish trends and retracement, bullish momentum is finally building strongly on GBPUSD as price is approaching 1.30 , Probably before the week runs out buyers are able to take price towards 1.31 zone. Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial. You should therefore carefully consider whether trading is...
Lets have a look at the analysis --> 1. EW analysis --> Considering the top at 695.75 as end of wave 3 and now we might be in 4th corrective wave. Currently, we might be in z of wxyxz of 4 as c might have been completed today. 2. Classical TA --> a. major resistance at 663 levels b. 78.6% fib retracement at same levels. c. kumo cloud support at the same...
The FB retracement is very clear on this The levels are shown very clearly Follow the levels given in the charts Thanks MM
ARVIND IS LOOKING GOOD FOR UPSIDE AFTER POSTING GOOD RESULTS AND NOW AFTER SHOOTING UP HAS SEEN SOME PROFIT BOOKING THIS IS AN OPPORUNITY TO ENTER INTO THE STOCK THE TRADE IS IN MAY FUTURES BUY @433 STOP @426 TARGET 1@442 TARGET 2@445 TARGET 3@450 LOT:2000 SUGGESTED:2 GOOD RETRACEMENT FROM HIGHER LEVELS GOOD SUPPORT @428-430 LEVELS BROKE OUT OF OF CONSOLIDATION RANGE
Looking for option on TCS Fib Retracements analysis. The stock is in a clear up-trend but can't get the confluence in Fib Retracements and therefore need ideas on improving the understanding of Fib analysis.
Monthly View: BHEL is a Ghoda Stock, on Monthly TF there is hammer & low of the candle is very IMP. No doubt the Stock is in retracement. Weekly View: If we draw the Support TL, as of now it hold the support strongly. If this support breaks down stock may fall at 224 which is again low of the Major Event (Election) candle Low. Daily View: after understanding...
Banknifty Downtrend Breakout and reached 0.6 Fibonacci Retracement.
Bitcoin looks poised to bounce after testing 0.23 fib retracement. Although I feel it should consolidate in 24k-43k range for the next year or so as the OBV is still sideways but it should make a new high in the next 2-3 years after the halving event.
Eicher motors after made a higher high and Consolidated, to kickout weak hands out, stocks came down for retracement. Wait for the levels mentioned to see PriceAction and Enter into trade with StopLoss. Good RR for Swing Trade.
Potential Support for Current Retracement. 0.382 - 0.50 - 0618 will act as strong support as it is a golden zone ratios.
VEDL has completed its Proper retracement and heading towards 50% range any weekly close above 327 will take VEDL to 353 and then 390 will be the next target Buy price: Above 327 after breakout and retest in weekly charts TGT1 : 353 TGT2 : 390 SL : 320 RR 1:4 / 1:9
NSE:RELIANCE can give breakout post it's small retracement.
Nifty IT is taking support at 61.8 Fib retracement. I am taking pivot of 8 March 2021. if it further test this level and break this level it can bloodbath. So be cautious in IT sector with strict stoploss. Please consult with your Financial adviser before any decision. I am not sebi registered. It is only for educational purpose only.
it has retraced to 38.2% level on weekly chart. formed hammer on weekly chart at 38.2% fib retracement. on daily chart continuous downtrend. closing above 500 on weekly basis will make it attempt ATH.
NSE:MANAPPURAM #NSE:MANAPPURAM 155 CE entry given @ 5.85 today. to know why, check out the level mentioned on chart !! 0.618 - fib retracement. Still if anyone not clear with the entry level, do ping me personally, no issues !!
Nifty - responded for Fib-Retracement - Golden number - 0.618 (level 17487). We can go long if comfortably open and close above level.
Tanla crossed above 25% retracement. Detailed analysis given on the chart NSE:TANLA