NSE:NIITTECH NIITTECH is in a downtrend and has retraced to 0.618 level on Fibonacci. it has also closed below 200DMA which is the last bull resort. NIITTECH SHORT CMP 1486 target 1213 stoploss 1573
Biocon has given a breakout on a monthly timeframe and as per Fibonacci, it can reach rs 448.6. CMP 387 TARGET 448 STOPLOSS 357.
A STOCK IS IN UPTREND IN LONG TERM (MONTHLY TIMEFRAME) AND RECENTLY IT WAS RETRACED UPTO 0.618 LEVEL. ONE CAN GO LONG WITH THE SL BELOW the low of the previous monthly candle(Rs 116) WITH TARGET AT Rs. 269.
it is above 200DMA and as per Fibonacci, it can achieve a target of 327. CMP 288 SL 269
IEX is a fundamentally strong stock. as per Fibonacci, it can reach rs 200 . CMP 183 TARGET 200 STOPLOSS 162.
it has retested after a breakout and as per Fibonacci it can reach 315 stoploss 236 cmp 270 also it is above its 200DMA.
HELLO GUYS, 1. escorts is above 200dma on the daily timeframe, 2. it is forming higher highs and higher lows on monthly timeframes. 3. as per Fibonacci it can achieve 1570. CMP 1072 TARGET 1570 STOPLOSS 1000. peace out!
IT HAS GIVEN BREAKOUT. DISCLAIMER: IT IS STILL UNDER 200DMA.
VOLTAS IS TESTED SUPPORT ON MONTHLY TRENDLINE
MARUTI IS TRADING IN A RANGE NOW ONCE IT BREAK THE CHANNEL IT CAN GIVE A LARGE MOVEMENT.
escorts is near it's all-time high and if it breaks that resistance which I think will break because if you look on a daily timeframe it shows consolidation near the resistance area which is a symptom of a breakout. CMP 989 SL 895 ( BELOW SWING LOW ON DAILY TIMEFRAME) TARGET 1576.
it can go till 375 as per Fibonacci.
coromandel int is in an uptrend in the long term and as per Fibonacci it has the potential of reaching rs 859 CMP 673 STOPLOSS 586 TARGET 589.
it has break the recent swing high and as per Fibonacci it can touch -0.618
NIIT has closed above 200 DMA but it is still below 0.618 resistance.go long if it sustains above 0.618 level; target would be 1985. if it crossed below 200 DMA in coming session go short with stop loss above 0.618 level.