Fibonacci Extension
Bajaj Finance | On demand of follower :) 🔰 MY thought process :
⭐ Well As nifty touching ATM once again so we can also see a good move in BJFin too, but instead it produced an evening star on the D chart = bearish sign, that too at resistance, Q is will that make it bearish = yep but only intraday basis, and that would be against the trend trade wrt overall market sentiments :), so I would not touch BJfin until it breaks through the lvl of 5834 or gives a breakaway GAP above that lvl = super bullish sign.
⭐It has taken support from th
SAIL Analysis | Can you enter now ? 🔰 MY thought process :
⭐ I have studied all the past data and made a good buy zone here if it comes to my levels that is this zone and gives me a conviction pattern on lower TF or then I will activate a trade :) well if gets higher and higher I will simply leave the trade and move on to other good stocks in the market :)
⭐A good pattern or trendline or a good bullish candle on 50 dema = A good sign to keep an eye on it again and than a good entry on lower TF is what i will prefer :)
⭐No good e
Nifty Redraw Elliot Wave Count and New High ProjectionFollow Blue count Wave (1) Leading was made when recovering from Mar 2020 low we are currently in wave (3) which is extended and still in progress.
Follow Orange count Five moves started in Oct-Nov 2020 which triggered massive rally wave (iii) extended nearly 261.8% of wave (i).
It came to end at ATH 15432 then this whole (i) to (v) wave sequence got corrected in the form of triple three retracing bit more than 23.6% at 14151.
Follow Pink count here wave 3 extended more than 200% and looks t
Glenmark Expanding Leading Diagonal on Monthly ChartGlenmark is expected move in expanding Leading Diagonal.
V wave of leading diagonal always moves beyond end of wave III.
V wave expected to move minimum 100% of length 0 to III somewhere near 1400+.
Most likely to 138%(1.382) or 168%(1.618) which are near trend line.
The prospects and analysis are for long term if anyone wants to keep stop loss then they would 405 or 161
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely t
Bank of baroda 5th Impulse startThree white soldiers formed on weekly chart.
Dip towards 75-73 long opportunity
5th wave expected to be extended reaching anywhere between 1 to 1.618 levels.
If channel drawn on iii and iv gets broken aim for 1.382-1.618 levels. Other details on chart
DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The study provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past performance is not an indic
Nifty impulse wave count and conditional upside breakout pointNifty came down in Zig Zag wave with C wave reaching 14650.
This is important support near trend line, interestingly that is near 0.618 Fibonacci level
Until 14782 gets broken there is no upside confirmation.
Once breaks will attempt new high as 1.618 Fibonacci extension above 15550+ or minimum 15210+
Bearish below 14460 so 14782-14460 is no trading zone.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal vi
Using the Trend-Based Fib Extension ToolThe Fibonacci ratios are widely used among traders to help identify potential areas of reversal in the movement of price action.
The Trend-based Fibonacci Extension tool utilizes three points on a previously identified trend in order to draw the Fib ratios on the chart.
In the chart above, price was rejected twice forming a double top which is a fairly strong reversal pattern. To help identify potential areas of support and resistance we have drawn a Trend-Based Fib Extension.
Using the doub
Nifty next moves After a weak session today, nifty is ready to head towards 14000, if nifty goes below 14412-15, next target would be 14340-14230-14100 as shown the fibonacci levels. Break of these levels are necessary for next target and pullback will be there for shorting opportunity.
But overall after 14412-15 break 14100-13900 doors will be open with both hands.
On the upside to move towards 15000 again nifty need to break 14725 level and sustain to go towards 15000-15300
Nifty to start 5th Wave towards 15100This is internal move of nifty we can call iii of 3 completed at 15044.
Wave ii was shallow and complex
Wave iv is zig zag retraced nearly 0.618 Fibonacci
Reversal expected near 14605
Stop loss is top of wave i which is 14557
wave v of 3 is expected to go towards 15120 levels
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking an
Muthooth Finance Extened 5th Wave and Pole Flag FormationAll analysis visible in chart.
DISCLAIMER:There is no guarantee of profits nor exceptions from losses.
Technical analysis provided on the chart is solely the personal views of my research.
You are advised to rely on your own judgments while taking any investing/Trading decisions.
Past performance is not an indicator of future returns. Investment/trading is subject to market risks.
Seek help of your financial advisors before investing/trading.
Not recommended to take FnO positions based on this
Cup 'n' Handle lift OXT to BOn the 4hr, calling it a cup and handle ready to take OXT to B. Closing bag at 0.70, then retrace to jump back in around 0.65 at C. Closing 0.80 to finish D. I was trying to make out a large head and shoulders on the 1D but not sure if that is lining up right. What are your thoughts?
Information stated here is not financial advice. Your own research is recommended. Happy trading!























