Analysis: Stock hit the Levels of Fibonacci 100% Retracement Levels on 30th of Dec. On breaking the Levels of 851, we can expect the Stock to hit the 138.20% Fibonacci Extension Levels. If the Stock fails to go above 100% Retracement Levels, then we can expect One more round of downside Retracement. Keep Tracking the movement of this Stock for the Month of January.
Nifty Analysis based on the Fibonacci Analysis. Nifty is on the Support from 61.80% Retracement Levels and expected to be bullish above this Levels and Bearish below this Levels.
Reversal zone is expected from 995-1010
Monthly Chart Data is reflecting strong Reversal sign near 399 and 420. Monthly Extended AB=CD levels are marked near 420 levels. Low Margin Traders can wait for 420 Levels. Margin Traders can short 460+ CE and enjoy the fall.
NSE:INDUSINDBK BULLISH BAT FORMATION AROUND 1940 ALONG WITH DOUBLE BOTTOM FORMATION AN UP SIDE CAN SHOW UP TO 1320 TO 1370
NSE:RELIANCE BULLISH GARTLY FORMATION AROUND 1464 WITH SUPPORT OF 100 DMA AT 1444 ABOVE WHICH CAN SHOW TARGETS OF 1520 TO 1560
ICICI Bank is making Bearish Bat Pattern. we will get better confirmation on Monday.
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