Hey everyone, here is my view on Alok Industries.
You should wait for several confirmations before taking the trade.
For going short, the Monday candle should close below 27, and a few confirmations on the oscillators.
For going long, look for any bullish candlestick formation. The price should not cross the 27.70 resistance.
Check out the 4 hourly chart...
Its feels very nice to be back on TradingView.
Nifty has been following the Fibonacci Circles as mentioned in my previous idea.
It has been rejected 3 times from crossing the all time high and currently in a downtrend.
I can find two major patterns being formed in this chart. Lets have a look at them!
Here is a short analysis on SOL, I'm still bearish.
Here you can see that the price is ranging between -0.618 to 1.618 of the Fib Channel. It has been rejected by the 0 level of the Channel. To learn how to make the channel, read my previous idea through the link at the end.
Forming lower lows and lower...
Hey everyone, how are y'all?
Let's do a multi-timeframe analysis on Nifty, with a top-down approach.
Nifty has already tested the Fib-Circle two times (read my previous idea on Nifty, if you haven't already), might go for it again. US is increasing the interest rates in March, might affect the Indian markets too. We are nearing a 0.618 Fib...
We are currently in our buying zone of Cardano, which I discussed in the previous idea. If you haven't viewed it yet, go chack it from the link below.
As discussed in the previous idea, $ADA went bearish after a consolidation of 1 month. Now, it is nearing a very strong demand zone, which can result in a trend reversal. The trend reversal might...
Here is a detailed analysis of Cardano . It has been in a downtrend since September first week. We might consider this downtrend as a correction if it takes support on the 0.786 level of Fibonacci . Let's get into the history of ADA and what happened in the past few weeks.
ADA retraced from the golden zone of Fibonacci of the previous wave and...
Gold is considered as a riskless investment in India, because of this, its INR chart is just like any other cryptocurrency chart. The other reason can be the decrease in the value of INR. But, at the same time, Gold has a completely different story with USD. It has taken healthy corrections and currently it is in the correction phase only.
It is bullish on the...
Here is a stock with good cash flows and EPS.
RVNL made its previous all time high in January '21. Then, it went for a healthy correction at the end of the month. Getting retraced from the golden level of Fibonacci, then it consolidated till the 3rd quarter of the year. It skyrocketed to the new high at 44.80 in mid October.
In this situation, I drew the...
It’s been a long time and I’m back with a new analysis and education idea. Hope you guys like it.
Main things displayed here are the Fibonacci Circles, Pitchfan and some important levels of Nifty.
In the previous idea, I marked the major demand zones. The first one of them played out pretty well with a bounce back of around 1530 points which is...
My previous education idea on Fibonacci Retracement got some good response. Today, I’m back with another education idea, explaining an awesome tool called ‘Pitchfork’.
Alan Andrew, the creator of Pitchfork tool, got inspiration from Roger Babson’s action reaction lines for the idea of this epic Pitchfork tool. Likewise, Roger also got inspired from...
These was a possible reversal from the Fibonacci Circle, but shall we consider it as a trap? I'm still bearish on bitcoin, what are your views? The Microstrategy buying bitcoin news did pump the market. But, shall we consider it as a trap, or it is a good sign to buy the dip?
Well, according to Fibonacci, the 3.618 level of the circle are possible reversal zones....
Unlike Bitcoin, BAT is bullish right now. It may be due to the Web 3.0 FOMO. The Web 3.0 is a trending topic and BAT is one of the projects of Web 3.0
Currently, it is making new highs and lows in a rising wedge chart pattern. It might go for another high around 2 USDT. You can hold it further too, as the fundamentals are strong. But, the rising wedge is one...
Bitcoin is 8% down today, taking down all altcoins with it. Reason? The Covid pandemic, ofcourse. The Stock markets are down, affecting other markets too.
About AVAX, we missed the target of 160 in the previous analysis, but it did go around 146. It is near the golden level of Fibonacci on the daily timeframe, might retrace from the golden level which is between...