Fibonacci Retracement

ICICI Bank is now on the radar.On Thursday(16/12/2021), we saw many banking stocks close in the red. The indices, also in red, closed above 36,500. Well, we know it's an important level of banknifty. It also important to watch how Banknifty is going to perform. * ICICI BANK, with a weightage of 5.84 percent NIFTY50 stock, is down nearly 18 percent from its recent high, making now an good time to add to your long-term portfolio. *Recently, many analysts were also bullish on the stock, and we saw it shoot up. price action mov

Nifty Analysis: Monthly Log Scale This chart presents three major cycles. Each cycle representing a decade. First cycle worked in 90s; second one in the first decade of 21st century and the third one in the second decade. Perhaps we are in the fourth cycle that would represent the third decade. The first two major cycles ended with more than 62% percent correction of the entire decadal bull run. The third cycle (recent 2020) was an exception with 40% correction. There are many ups and down, in each decadal major cycle, called

by Bravetotrade

KSM ~ Triangle Pattern Kusama is inside triangle pattern & also it is in falling wedge pattern in 4H time frame. at 214 ~ 190 the volume POC + 1.618 can be seen. Moreover, it also has trend support. so taking present market scenerio into consideration. it is more likely it will touch low price.

by UnknownUnicorn13645984

Hero MotoCorp 2x-3x potential in long term Stock is in wave 2 zig zag correction and dropping towards 0.618 Fibonacci. Good to add in range 2500-2200 with Stop Loss 1980 for long term for 2x-3x returns DISCLAIMER: There is no guarantee of profits or no exceptions from losses. The stock and its levels discussed are solely the personal views of my research. You are advised to rely on your judgement while investing/Trading decisions. Seek help of your financial advisor before investing/trading.

by Niftydirection

TATA Consumer looks strong…TATA Consumer looks strong… Reasons/Traits : • Today gave a break out from two day inside bars with a big green bar with very good volume • Above 13 and 50 EMA • Price touched 0.618 retracements levels • RSI increasing • Bearish Crab harmonic pattern formation is in place What can happen next : Scenario 1 : Price sustaining above 850/853 levels can take it to 865/870/915/940 levels Scenario 2 : Price break down below 834 can take it down to 812/800/775/750 levels Disclaimer : This analysis

by AdhigamaTrading

Bank Nifty Daily Chart Overview Hello Traders, hope you all are doing amazing! Today I will be showing you the daily chart overview of BankNifty, so traders as you can see, on the 1D chart a huge rising wedge pattern has been made which has recently broken down to 35327. Now here, I won't say I can see a double bottom but yes, I can definitely see a "W" pattern which will probably hit the lower band of the rising wedge pattern and fall down again, because if I pull a Fibo retracement from up 41871 to down 35257, we can see th

by rituparna_paul

IRCTC TRADE SETUP FOR TOMORROW As you can see in the chart, IRCTC has made the between 824-780. . So stock has already filled the gap and then took a correction now it again in the upward momentum. . So for tomorrow if stock goes above 825, you can buy this trade for the target of 838. . What's your view on this comment below in the box.

by neerajlalwani081

AMAR RAJA BATTERY i have mentioned everything on chart, you can also ask me in comments if you have any questions Thanks

by THINKLIKEATRADER

SAIL - Potential Reversal with excellent Risk Reward BUY GUIDANCE: Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better. SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis) SELL GUIDANCE: Selling in Profit: Sell earlier in the session when the prices are higher, around 11AM. Selling at SL: Give your stock a chance

by raavigeorgian

Nifty at 50% Fibo Support Nifty daily chart is taking support over 50% Fibonacci retracement support level.

KNRCON MINIMUM 35%WEAKNESS BELOW 230 INVEST OR TRADE wisely. WE CAN JUST PREDICT. Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your. PLEASE LIKE AND SHARE IF YOU AGREE WITH THE IDEA

BTC to 80k by year end! 💎For predicting the final year end targets we used the simple ascending channel pattern according to which bitcoin will be around 78k entending the current trendlines and fibonacci extension also shows 1.618 at 80k so we have 80k on the table 🚀 HODL & Comment your views

by meetmoneypenny

RBL BANK - CRUCIAL LEVEL - Retracement from 61.8 Fibonacci Level Based upon the Levels Provided below,one can attempt the trade in the following stock. Disclaimer: This view is purely for educational purpose and it's my personal. Please consult your financial advisor before attempting any trade. We're not responsible for any loss or profits.

TATA Motors : Analysis Tata motors has given 90 degree breakout after consolidation for several months. Possibility of breakdown is good. Note:- This analysis is done on weekly time frame hence traded accordingly. Creation of possible supply zone at higher level depicts the upcoming fall. If this zone is a supply zone then market coming down and retesting 400 levels is a possibility. Possibility of consolidating at higher levels for few more days is good. Wait for it to close below recent low 470 levels which ta

by Umang_Sharma

Fibonacci Retracement on recent Bank Nifty Swing Fibonacci Retracement (61.8%) on recent Bank Nifty Swing. Disclaimer: No Trading advice, view for study purpose.

by Analytical_Pankaj

Deepak Nitrite Another chemical company that has taken a beating recently after the margin squeeze in the industry. I would not rule out a further correction in this one towards the 38.2% retracement level.

by jatin_agarwal

Bank Nifty 1 Hr Chart with Fibonacci Retracement Target 38200 Bank Nifty 1 Hr Chart with Fibonacci Retracement towards Target of 38200 Option/ Future buyers- Buy only December Month expiry Also with a view of Monthly and weekly expiry.. Volatility will be there to eat premiums are on both Side. Dont trade option with November Month Expiry. Still if you want to trade , go only with 1 lot of 38000 with very stick stop loss as per your Risk management.

opportunity for long term investment in INDUS TOWERS Indus Towers Limited is formed by the merger of Bharti Infratel Limited and Indus Towers. This combined strength makes Indus one of the largest telecom tower companies in the world. Indus Towers Limited has over 183,462 towers and a nationwide presence covering all 22 telecom circles. Indus’ leading customers are Bharti Airtel (together with Bharti Hexacom), Vodafone Idea Limited and Reliance Jio Infocomm Limited, which are the leading wireless telecommunications service providers in India by r

by ameyagawade9

Ashok Leyland form Tringle pattern Ashok Leyland form Tringle pattern can buy near above 138 for target 165+ soon

by tradetechnicalanalyst

PRINCE PIPES I AM NOT SEBI REGISTERED. Educational purpose only. This is not recommendation of buying or selling. All calls and post are for educational purpose and self examination.

UPL TRADE BREAK-OUT UPL BREAK-OUT after a long bull run consolidated and now developing potential to go up. TRADE TYPE : SWING(3 months and above) TECHNICAL : FIB RETEST , CHANNEL PATTERN , BREAKOUT

by Nivash_crazz

SHAKTI PUMP BUYING LEVELS TRADE wisely. WE CAN JUST PREDICT. Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.

ETH / USD - copycat retracement?Previous trend pullback to 50%-61.8% fib zone. Current pullback could possibly travel to similar zone marked. Note: Sometimes, simple basic ideas work wonders.

by THEINTRADAYEXPERT

Support-Resistance, Volume, Fibonacci, EMA & Breakout Case study Case study of DISHTV for Educational Purpose. This stock was facing resistance at particular level since last 2 years, and also got consolidation in parallel channel from last 1 year, now Stock making higher highs and higher lows ( Up Trend ) each and every time when price was correcting, the Volume was decreasing, which can makes conviction towards positive. co-incidentally top of parallel channel and 2 years resistance level both are at same level, finally it has given good breakout from tha