BSOFT is ready for up move Keep eyes on this. It can boom anytime as it has spent a long time at the 0.5 level of the fib. The trend line also got barked out.
LongFibonacci Retracement
Long
PIDILITE breakout & retest 2770 zone great risk rewardPidilite broke resistance of 2764 (high of 13th Jan 2022) on 2nd Sept and if now price retesting this zone which will act now as a support. Entry near 2770-2780 price range will give great risk reward for swing traders. Targets as per Fib are 1) 3112 2) 3471. SL any day closing below 2750, with risk of Rs 20 reward of 300 will give 1:15, put alert and when you get entry go for it.
Long
BoB| Fibonacci Breakout after Retracement of C&H BO |New TrendNSE:BANKBARODA
Fibonacci BO > 94
Retracement after Cup & Handle Breakout complete
Now, CMP above 50 & 200 Week SMA
This is a signal for start of new positive trend.
Tgt: 108-126-137
SL: 78
RSI > 55 and increasing
Long
SAIL looking good above 84A great pull back from 0.618 golden fib level and it may continuing up move (tools used fib retracement and trend
based fib extension)
Long
Sona BLW chart Analysis.Sona BLW chart analysis for medium to long term. If it come 415 can initiate fresh buy or add more for bounce. Major up move will come when it close and sustain above 600 level
Long
CONCOR looking good Breakout after good consolidation and pull back from 0.5 fib level (tools used fib retracement and trend based fib extension)
Long
Dow may test 31031 soonDow jones is in correction phase. it may test 31031 soon and also bounce from this level as it is trend line support.
Short
US Government 10 yrs Bond Yield US Government 10 yrs Bond Yield Major trend line break out on Monthly chart. Sign of correction in market.
Long
Once the index goes below 29800, might retest the support zoneOnce the index goes below 29800, we might retest the support zone.
Canara Bank is in the Resistance area !!!The chart shows the price near to the Resistance level
Note that once a 38% retracement is taken place.
Now it can be either a breakout from the present level or correction
Note: For educational purpose
Nifty Yet to Finish Correction?Marked are waves from Covid low towards top as 5 wave impulse structure.
Price from Covid low crossed 0.236 by good margin so next is 0.382 Fibonacci near 14300
While making low of 15183 price got thrown below channel the balance has set when price made high 17992 and was thrown above channel.
Wave II of larger degree is currently in progress from 18605 and it is mostly likely is unfolding as more complex correction.
If its really is wave 2 then it usually retrace towards previous wave 4 whi
Short
niftyNifty all levels i draw that the levels are very strong.
Buy Nifty above 17740 strong Bullish,because there was fib 0.6 level & strong resistance.
Sell below 17350 strong Selling . becasue there was strong support
Nifty Day Chart Analysis - 25 Aug 2022On the Candlestick and Kagi Charts the level of 17490 is an important support, also the Moving Average of 20 periods is at 17484. So, If Nifty gives a breakdown of 17490 then it will test the levels of 16921 (38% of Fibonacci Retracement). The next support is on 16800.
The range of 16920 to 17490 has many gap up openings. The overall setup of charts indicates the nifty will correct from these levels.
Analyse by Using
Support and Resistance
Fibonacci Retracement
Kagi Chart
Candlestick
Short
Short nifty -- big downfall started target- 16672 , Sl - 17742Elliott wave theory wave count
target 1 -- 17212
target 2 --16919
target 3--16672
target 4-- 16023
Stop loss -- 17742
Short
GOLD Flat correction about to Complete! New High Awaits?Gold Wave 3 ended after Covid Rally at 2075$ then went in consolidation for long time.
Wave 4 is in progress which is looking like Flat ABC correction which 3-3-5 waves pattern
Wave B retraces 90% of A and then Wave C breaks low of A.
Wave C is 5 wave impulse or diagonal structure
Wave C in this case could be Ending Diagonal Pattern which is expected end between 1675-50$
After low near these levels one can wait for break of 1808$ to consider move beyond 2075$
If wave C goes beyond 1600$ mark t
Nifty and B-Nifty both are at Major psychology resistance Healthy Correction must come at this level. Nifty and B-Nifty both are at Major psychology resistance 18000 and 39770-40000. On Friday both make bearish engulfing candle with heavy selling from over bought zone. we are expected still more correction up to 17300 and 38220. Next up move will come when both index close above these psychology levels till stay short. If market rise again and give chance to short near 17800-870 and 39200-450 must short or buy position in Put for 2-7 days
Short
Nifty future may face major resistance.Nifty future may face major resistance at 17865. Short position can make near this major trend line resistance.
Short
HDFC ltd parallel channel.HDFC ltd s in good run now trading in parallel channel. It may test 2950 and 3250 in 3-6 month view.
HLong
HDFC ltd parallel channel long ideaHDFC ltd parallel channel long idea. It can long for target 2828 time period 3-6 month.
HLong
Nifty is in bull Run. Nifty is in bull Run. It may Test 17754 soon. Major trend line resistance at 17750
Long
JSW Steels Ltd. - Follow up analysisThis is a follow up analysis of JSW steels Ltd. Hold/Buy this scrip only if today candle close above 623 Levels. Next Target can be 647 Levels.
Follow me for more analysis.
Long
Breakout in Nifty Reality This is weekly timeframe.
Nifty Reality had took support at 0.50 fibo level.
There is high probability that it may test 52 week high in next coming months or may be it can take more than a year.
From current level its more than 28% up.
I will be now closely watching the reality sector's largecap stocks for positional trading opportunities.
We have here back to back two bullish hammers, one almost like a bullish belt-hold, one belt-hold
and next on thick bullish candle with breakout forming
Long
Swing trade based on a simple setup. Just used Fibonacci Retracement and Falling Wedge trendline breakout.
