Nimish_Ghagare

Nimish_Ghagare Updated 

Go Long above 1495.65 for Target 1541 with SL 1450.5. Reasons to go Long : 1. If we draw Fibonacci Retracement from recent swing low (Point A) to recent swing high (Point B) on a 2 Hr chart we see the stock is taking support of 0.618 Fibonacci level. 2. On 0.618 Fibonacci level the stock has made a bullish candlestick pattern (Inverted Hammer). 3. Around 0.618...

Nimish_Ghagare Updated 

Go Long above 891.8 for a Target of 938.4 with SL 845. Reasons to go Long : 1. On a daily timeframe if we draw Fibonacci Retracement from the recent lowest swing low (Point A) to the recent highest swing high (Point B), we see that the stock is taking support from 0.618 Fibonacci level. 2. Also the stock has formed a bullish candlestick pattern - Bullish Hammer...

Nimish_Ghagare Updated 

On the 30 Min chart, a Rising Wedge pattern is formed which is a bearish signal. Also Nifty is facing resistance from the demand/supply zone (14820 - 14880) which is marked in red. Earlier this zone was acting as support and now it's acting as resistance. Also a bearish engulfing is formed around the demand/supply zone Here are two cases that are possible...

Nimish_Ghagare Updated 

Only for Educational Purpose. Go Long above 311.1 for targets 332, 352.8 with SL 290.2 Reasons : 1. On a daily timeframe if we draw Fibonacci retracement from recent swing low (Point A) to recent swing high (Point B) we find that stock took support at 0.618 Fibonacci level. 2. Also it formed a bullish candlestick pattern, bullish hammer (circled with purple...

Nimish_Ghagare Updated 

For Educational Purpose only. Go Long above 1018.9 for targets 1050.85, 1082.8 with SL 987 Reasons : 1. When we draw Fibonacci retracement from the recent lowest swing (Point A) to the recent highest swing we see that the stock is trading at 0.382 Fibonacci level. 2. Also it has made a bullish candlestick pattern (Bullish Engulfing) at 0.382 Fibonacci...

Nimish_Ghagare Updated 

Only for Educational Purpose. Trade at your own Risk. Enter @ 683, Target 709, 734.9 Reasons for Long above 683 1. On a 2H chart if we draw Fibonacci retracement from point A (lowest swing) to point B (highest swing till now) we see it has made a bullish hammer at 0.382 Fibonacci level. 2. Also around 0.382 Fibonacci level there is a demand/supply zone. In...

Nimish_Ghagare Updated 

Only for Educational Purpose. Go Long above 396.3 for Target 413.45 with SL 379.1 Reasons : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern, bullish engulfing (marked with an orange...

Nimish_Ghagare Updated 

Only for Educational Purpose. Go Long above 677.6 for target 709.15 with SL 646.15 Reasons : 1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.5 Fibonacci level. 2. Also a bullish candlestick pattern, bullish engulfing (marked with dark blue...