The stock will become a screaming buy when it reaches 535 level............which will be completion point of ABCD pattern...........and also the 138.2% fibo level which is a key reversal level..
The stock has corrected a lot and reached a key support level........with a slew of confluences in the form of white pitchfork median, 127.2% fib.extension, AVWAP(GREEN) and 200 W MA...........
The stock reached a key support level with a slew of confluences Viz., yellow pitchfork, white channel, 200 W MA(RED), AVWAP(GREEN) and 127.2% fib.extension(white)...........
I believe the stock has bottomed out.........bcoz it has reached a confluence of supports in the form of 61.8% fib.level, lower parallel of white channel, S1 pivot and AVWAP...and also 200 Week MA...
Stock appears to have completed the 5 led down move at 161.8% fib.level..........todays up move of 11% is a confirmation that worst is over for the stock...
the two blue boxes are the resistances ahead for nifty....today nifty will definitely touch the first box......whether it it will break above remains to be seen
the stock will be completing the cypher pattern at 78.6% fib.level which incidentally is the lower parallel of white channel.............be ready to buy the stock when it reaches there.....around 2870
Stock is at excellent support of strong S&R, white channel median and 138.2%......... Reversal is very much possible here...
Stock has reached a good support ....confluence of channel supports and AVWAP and previous swing low....
stock has corrected a lot and has reached the 61.8% retracement level which also coincides with pitchfork median and also the S1 Pivot...
I have reason to believe that the stock completed the ABC correction at 78.6% retracement and 127.2% fib.extension...........bullish pinbar candle confirms buying interest
The stock appears to have completed the 5 leg down move............stock printed a bullish green candle last week showing buying interest coming right at the 138.2% fib.extension and lower median of yellow pitchfork...
Stock has reached a good support...........confluence of yellow pitchfork median, white channel median, strong S&R and E89 band support
Stock has corrected a lot from its highs and has reached an excellent support.........confluence of 61.8% fib.level and pitchfork median
Stock has corrected and reached an excellent support............confluence of 61.8%, yellow pitchfork median and lower parallel of white channel...
stock has reached a good support............ confluence of 78.6% yelleo line, green trendline and white 50 MA.....
Stock printed a bullish candle last week with above average volumes right at the white trend line which is also 78.6% fib.retracement...
Stock has completed the 5 leg down move and has reached a strong support.........confluence of 88.6% fib.retracement, lower median of yellow pitchfork and white trend line,,,,,,,,,,,,,stock printed a bullish pinbar candle last week with above average volumes confirming buying interest..........looks like stock has bottomed out and worst is over for the stock..