BankNifty Taking Support From Fibb Levels Today market is extremely volatile. in such a volatile and bleeding market always follow FIBB Banknifty after a severe crashhh of Straight 700++ points, taking support from FIBB levels 0.50 - 0.618 Levels Upcoming Positional Target 49000 which is 2000 Points from CMP 47200 as you can see clearly from charts
Adani Stock are in limelight after Hindenburg research. Stocks have fallen heavily after the news and FPO had been withdrawn. Lets try to understand by combining Valuation fundamentals, Technical analysis and volatility. Also try to decode what usually happens after such wild moves. 1. Adani Stocks were on continuous rise after Covid drop 2. Valuations of some of...
- Nifty moving within a Falling channel - Unable to sustain below the upwards trendline - Previous fall from 15827.85 - ADX showing a upward direction - Rsi above 60 It can be R (15827/15880) to S (15550) or a Breakout, can get a clear direction on Monday's closing / Tuesday. (convergence of falling channel and upwards trendline)
#niftyfmcg FMCG sector potential "volatility expansion" on Bollinger band and "W breakout" pattern if breaks out of neckline with momentum forming a" range shift" from sideways to bullish definitely a sector to watch out for.