merushi22

merushi22

Stock has fall down like a water and complete 61.8 retracement at 285 level where you can find some other ratios are overlapping each other. From this area of support 285-289 we can see a possible support.

merushi22

Nothing to say... Chart is explaining everything....

merushi22

Stock tested its first support area where price has completed its 61.8 retracement also has a structural price support. if stock hold this support area we can see positive divergence very soon.

merushi22

Stock is trading between two strong support area. According to the chart pattern we can see that at this level of price stock has Fib cluster and structural price support. We can see a positive divergence from this level. I am look for two different scenario at this point.

merushi22

Fib ratios overlapping between 7800-7900 where Nifty may find support. From this strong support cluster area Nifty may change its direction.

merushi22

Awesome Fib ratio overlapping at 152-154 which we called support price cluster. This ratios attracts price like a magnate. According to the chart pattern stock price may touch this support area in couple of days. If stock shows any positive divergence with trigger from this level, I will take long position in this stock for the target of 187.

merushi22

Stock is trading near its FIB support cluster (82-85)where one more thing is adding support at this area i.e 200DMA. Stock also completing its bullish BAT pattern at 91.27. According to chart pattern stock may terminate its down fall and very soon we may see bullish reversal.

merushi22

Stock is trading near its FIB support cluster (82-85)where one more thing is adding support at this area i.e 200DMA. Stock also completing its bullish BAT pattern at 91.27. According to chart pattern stock may terminate its down fall and very soon we may see bullish reversal.

merushi22

Stock is trading near its FIB support cluster (82-85)where one more thing is adding support at this area i.e 200DMA. Stock also completing its bullish BAT pattern at 91.27. According to chart pattern stock may terminate its down fall and very soon we may see bullish reversal.

merushi22

Stock pattern is looking good but still waiting for buying trigger. Stock forming bullish BAT pattern exactly at FIB price cluster 175-179. As long as stock hold this zone we can see up move for given trgts. Here I must say " Patience is the key of successful trading ".

merushi22

IT index is trading in a down trend channel. Index is trading at lower level of channel where I found FIB support cluster area (9378-9580) as it is weekly chart the support area range is 200 point . As long as index manage to hold this level on weekly basis I will consider it as a counter trend opportunity. If odds comes in our favour index may touch upper level...

merushi22

Stock is in clear up trend and trading in channel. After testing its resistance area 440-448 price came down to the lower level of channel, Where stock has Fib price support cluster between 389-393. Also stock is trading near its 50DMA. One can look for a long if stock shows some positive divergence with trigger.

merushi22

After non stop rally of Rs.70 price started falling down and tested support area ( 247-252 ). Now its look like a war between two strong support and resistance Fib cluster zones. As per market condition price may come down to retest support area again and if stock manage to hold this level then stock may break that resistance.

merushi22

After taking support @93.80-94.50 on historic day, price has came down to retest the support area. As long as stock manage to hold this level price might retest the recent high (109.15) very soon. Do not jump and directly take long position as price has just stared trading below 50DMA. To take long position look for some trigger according to your trading plan. "...

merushi22

After continuous 7 week fall stock find support near fibonacci price cluster between (463-478). RSI is also showing positive move from its 40 level. If we look at daily chart we can find some more positive movement which shows its time to long i.e from last two days price is trading above 200DMA, crossover of 13*5 MA and price shifted its pattern from lower low...

merushi22

After realising Q2 numbers stock price entered in previous support area. According to price pattern stock is in down trend. Price is trading near Fibonacci price cluster support area, if stock manage to hold this level ( 1230-1239 ) then we can look for small up move because overall chart pattern is weak and RSI is below 40 level.

merushi22

After two big major events NIFTY has bounce back very sharply from its recent low and trading in downward channel. Medium term trend is down. Nifty has two support areas according to the Fibonacci price cluster i.e 8067.67-8167.48 & 7825-7952. RSI is trading at 48 which may find support at 40 level. Nifty once again may test first support area from where we can...