Fibonacci Retracement

Dow jones short idea.Dow jones short idea. It may test 29585 soon. It break trend line support and sustain below this, so it may test 200 sma near 29585.

by tradetechnicalanalyst

GBPJPY Analysis Setup Contains: 1. Bullish to Bearish market Shift 2. Return To Orderblock 3. Fibonacci Retracement 79% FOLLOW PAFX & TRADE LIKE BANKS 💸

NIfty on weekly time frame Nifty on weekly time frame still not touch the 38.2% FIB level. Possibility it will touch then pull back but this pull back will not be good as per technical Price action analysis until it hit 50% fib level.

TATA POWER BEARISH DIVERGENCE There's a clear indication of bearish divergence in this script as we can see here Price is making Higher Highs and the RSI is making lower Highs. Also, there's a retracement pending after the 10-year breakout of the price from 2008-2010 Highs. We can see 160 levels in the coming months for this script. This analysis is purely for educational purposes!!! Please do your due diligence before investing or trading in any instrument.

USDCAD 4H chart looks bullish USDCAD 4H chart looks bullish TP 1 > 1.26632 TP 2 > 1.27 On applying Fibonacci retracement it show a accurate resistance level at 1.27 may be looks bearish after hit the 50% level of retracement

by itsashkatiyar

Crude Oil short idea.Crude oil is at major resistance near 9374-9476 can short here for target 8899 in 2-10 days with stop loss 9530

by tradetechnicalanalyst

GBPUSD BEARISH TRADE IDEA we are expecting it to take some liquidity to mitigate the 50% of the ob to finally fall below it's HTF support level!

ITC - short term trade ITC - short term trade - Support & Resistance Buy when open and closes above resistance line - above 278 Target 1 - 282 Target 2 - 286 Target 3 - 290 Lower level support at 264 Strongly trying to break the Lower trend... Educational purpose...

cochin shipyard took the support from golden ratio 61.8% cochin shipyard high volume candle HL : 354.9 & 326 Golden ratio level near 294 it will get boost above 355... wave analysis given on chart... waiting for 3rd impluse wave to start.. views are educational

by MDstockmagic

Nifty Analysis Nifty is currently taking support from previous week high which is near 16400 and a break below this can take nifty to 16200 which is the last support for the index post this we can see nifty at 15900-15800. On the upside resistance is at 16970 & 17200 which are also near Fibonacci levels of 0.5% & 0.618%

Indiamart gearing up for upmove indiamart completed wave 1 from 1103 to 9950 and right now wave 2 (c) last wave on and pause near golden fib ratio 61.8% one should keep this on radar breakout of triangle pattern will give confirmation of completion of wave 2(c) and start of wolf wave 3

by MDstockmagic

What is Fibonacci retracement?If you have been in the market for some time, you may have heard of “Fibonacci retracements” . Today we are going to share an informative write-up along with a few exhibits that may help you solidify your understanding of this concept. Table of Contents: 1. What are Fibonacci levels? 2. What is the significance of retracement levels? 3. How to find retracement levels? 4. How to use the retracement levels? Without further ado, let’s jump in! What are Fibonacci Retracement levels? Th

Banknifty strongest Wave 3 of Fall to start Banknifty recovered up after fall from 34820. Currently wave 2 of zig zag in progress. Risky option would to go short near 34700 with SL 34820 or can wait for confirmation break of 34530 for downside fall minimum target 34000. Wave 3 will go beyond 1.618 fibonacci extensions level. Channel break needed for sharp fall so watch as plotted on 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

by Niftydirection

LT getting ready for a big move up?LT gave a good breakout of the trendline & is now on its way back down to retest the trendline. The ideal place to buy will be between 1585-1600 as it is also the retracement into the fib golden zone of its last move up. the recent import duty cuts on raw materials like Iron & levy of export duty on steel products should also be of benefit to the stock.

ASHOK LEYLAND: Upward Trend NSE:ASHOKLEY shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 149.15 Target 1: 134.20 Stop Loss: 118.65 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/

McDowell Long opportunity NSE:MCDOWELL_N Stock -> United Spirits (McDowell) TimeFrame -> Weekly Hello all! United Spirits broke out of the symmetrical triangle pattern on 27 September 2021. The stock since then has been consolidating ever since thus forming a flag and pole pattern and has now finally come to retest the triangle it broke out of. It makes for a good opportunity to go long. The perfect entry would be after the breakout of the flag pattern. The stock is also nearing its "Golden zone" (between 50%-61.8%

by Traders_Town

TATA ELXSI: POSITIVE TREND NSE:TATAELXSI shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 8345.00 Target 1: 8200.80 Stop Loss: 8052.0 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the prof

short term target bulish If it breaks the 450 level, the immediate target is 455 and next big resistance level is 468 which is 2nd target.

Crude Oil short idea.Crude oil again at major resistance 115. It may again correct from here.

by tradetechnicalanalyst

MINDTREE Focus Makkale focus mindtree for swing. Expecting good ROI around more than 12%

by trade_withpriceaction

GUJARAT AMBUJA EXPORTS: Long term positive outlook NSE:GAEL shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 470.20 Target 1: 383.50 Stop Loss: 286.85 𝑫𝒊𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/los

Hindustan Unilever long opportunity NSE:HINDUNILVR Stock -> Hindustan Unilever TimeFrame -> Weekly Hello all! Hindustan Unilever has corrected about 40% from its highs in September 2021. The stock has been in a downtrend since then and has been taking stiff resistance from trendline 1. It approached its strong support band of 1850-2000 and took a strong bounce from there with good volumes and also broke trendline 1. The retest of the trendline has been done and its followed by a bullish candle. This thus makes for a good oppor

by Traders_Town

gbpusd short in my opinion it will continue downside at least to the marked level, but wait for the confirmation from both scenario

by samanhemati1993

NHPC LTD: GROWTH TREND NSE:NHPC shows strong buy indicated by PSAR, MACD & Fisher crossover followed by EMA & MA Crossover Target 2: 37.60 Target 1: 34.85 Stop Loss: 29.05 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may not be updated. We would not be responsible for the profit/loss