Fibonacci Retracement

Maruti Readying for a big move There is a strong resistance at 7800-8000. Maruti has has struggled since a year 2018 to cross it. From all time high resistance is just 20% down. on the lower end 6500 is the support year. Twice it broke down on lower time frames but failed to do so on monthly chart. In first breakdown price returned in 7800-6500 band in next candle & in march owing to severity of fall it took more candles return in the mentioned band, there was no follow up selling. This 1300 Rs band on monthly time frame sho

by varadtambolkar

Massive pump on SHIB soon?Though it is a meme coin, SHIB has been in the news a lot and has some positive news about it too. The breakout and pullback has already formed. It has already bounced back from the golden level on Fibonacci retracement. Everything seems bullish!

Flag & Pole with Fibonacci level in BandhanBank for Short term BandhanBank after momentum now consolidating with falling wedge pattern and trading above its 50% fibo retracement levels. Showing a good bet for targets of 345-360 with a downside risk of 314 & 310. wait for breakout..

Indian Bank broke resistance and retest completed Indian Bank has currently broken its resistance zone with huge volume and came back for retracement. It took strong support from 0.5 fibonacci level and most probably going towards higher high.

by Vulnerable_human_x

IndiaBulls Housing Finance IndiaBulls Housing Finance - Chart Setup Upside: T1 - 234 T2 - 252 T3 - 312 Can see a bounce back from 214.95 it seems to be a strong support. if 214.95 levels is breached we can se further downfall to the levels of 185-188

by RishitDedhia

SWSOLAR From the date of listing stock has continuously been falling But now after a good all consolidation(Accumulation) Stock has started to show good momentum one can enter know or enter above 390 With a Target of 470 which is 0.618 and SL of 320-23 levels.

ITC "Udega" Long Trade || Value Pick Hi All, As visible, the selling volume is not sustainable. It's a High RR trade! We can see the Doji forming along with a Hammer Pattern on Daily TF! Buyers should kick in soon. Any questions? Feel free to reach out to us! Abhishek, Jago Niveshak Team

by Abhishek_TradersSin

Expected correction in united spirits (McDowell) up to 780 level wave 2 is between 0.786 and 0.618 level of wave 1. wave 3 is exactly 1.618 times of wave 1. wave 4 started from 925 level, according to elliot wave theory it should retrace upto 780 levels. Which provides us with a good shorting opportunity. For additional confluence:- divergance spotted in MFI indicator (oscillator is making lower high but stock is making higher high). Look from mid august to 2nd week of sept.

IRCTC Next Move projections with Elliott waves and Fibonacci IRCTC witnessed massive drop hitting 2 circuits. The drop took it to 0.236 fibonacci retracement levels. Assuming todays drop as Wave A next consolidation as wave B and see some pullback it could be till 5800. Wave C should drop towards 0.382 fibonacci levels. This ABC correction move should suck and digest all the rally it made so far then next Upmove as wave 5 should be slow up. DISCLAIMER:There is no guarantee of profits nor exceptions from losses. Technical analysis provided on the

by Niftydirection

NIFTY 50- will expect niffty is correction now...i think nifty is correction now..so that target is nifty correction point of my view ...let see wait and watch......

IOTX idea update IOTX has been forming a triangle again. It didn't respect the previous triangle. Now it has been forming a new triangle and a channel. If it breaks out from above, it might touch the 0.08 USDT price level. If it breaks out from below, it might go till 0.04 USDT. Sorry for a messy chart!

GUJARATH GAS LTD- MONTHLY if u hold on 3 t0 6 month..will wait and watch..market hirt the target

GREENPLY INDUSTRIES GREENPLY INDUSTRIES has formed a Wolfe Wave in Daily TF. As soon as it gets activated then a good return can be generated by the stock. Chart & Analysis ADARSH DEY

ONE POINT ONE SOLUTION The stock taking a good Support at 0.5 Retracement level.Volume is even drying up. 32.85-27.55 is a good accumulation zone with a proper SL. CHART & ANALYSIS- ADARSH DEY

HCC Taking the support of Pivot Line(Black Horizontal Line). Recently tested 0.5 Retracement level. Seems like a BUY, detailed explanation will be given later.

GULF PETRO Seems Bullish as it is trying to initiate 5th Wave. It has fantastically taken support at Golden ratio(0.618) of Wave 3rd, so it can be hoped that 4th wave formation has been completed. The expected targets are 61.90-68.75 - Long term target is 83.50. Currently this stock is in triangle pattern once it breaks out it will easily achieve the target of 61.90, remaining two targets needs a mid term to long term view. Chart & Analysis By - ADARSH DEY

NIfty Pharma on Bigger Timeframe Nifty Pharma index started it's rally after the 2008 crash and top out in 2015. Then it went for a long consolidation till 2020. After analyzing retracement with fibonacci levels I saw that it had took support on 0.618 level and again showed a bullish up move. It crossed it's all time high recently in 2021. Before crossing, sellers tried to change trend but failed and buyers took control lead to forming a bullish hammer and engulfing candle which confirmed a strong rejection. After breakout, fo

Bandhan Bank ready to explode? Perfect Fib Setup 0.5 and 0.618 in Fibonacci is a golden zone from where price retraces so here Bandhan bank was following a trendline so to predict that pullback we used fib! We plotted Fibonacci from 165 to 423 (uptrend) and if we observe the reaction to our golden zone we can see it is a very important key zone. It broke out of Falling wedge with a nice breakout with good volumes. Since it gave a nice move after breakout so we need a minor pullback and that can happen if the price retests but 295 fib level is

by UnknownUnicorn21160479

INDHOTEL As the stock is in a positive momentum the stock can be allocated after a retracement enter at the given fib support place a strict stop below the fib support . " EDUCATIONAL PURPOSE "..

HINDCON CHEMICALS Seems like a Good Buy. Because it has been testing the 0.5 Retracement level since last 5 weeks. And the financial performance of the company is also good. We can witness a good bounce in the times to come. CHART & ANALYSIS BY ADARSH KUMAR DEY

NIFTY OUTLOOK Previous NIFTY OUTLOOK post was an indication for the Expected Bullishness. No surprise NIFTY didn't disappointed at all. For 11th OCT the mentioned support level was 17841 and NIFTY shooted up exactly from the mentioned level. For 12th OCT the mentioned support level was 17863.50 and NIFTY shooted up from the almost the same dot to dot level . Link to my previous idea if any ones wants to study or verify: As the NIFTY has closed above trendline "B" now the previous mentioned targets the GA

Buy_DALMIA BHARAT_ 30% upmove can be expected DALBHARAT has been in the uptrend and has taken support from its 100 days EMA. As per Fibonacci extension the next target can be expected at around 2742, 30% from CMP. Time period for meeting the target - apprx. 1 month. Stop Loss - 1975

NIFTY OUTLOOK Drawing the TL (trendline) is really important. It gives you a hypothetical idea about which & what way the certain stock or index is heading.This is an hourly TF chart of NIFTY . I have segregated the trend in to four parts by plotting the trendline A,B,C,D.The last line ie D is the major support in short term. In terms of price the support stands to be at 17731. BRIEF ABOUT CURRENT SCENARIO : Currently NIFTY is taking TL "B" as resistance and even it's all time high as resistance (focus on t

Triveni cup and handle, rsi above 60 Triveni forming a cup and handle, it's touching all-time high, fib R2 breached in the daily timeframe. Good fundamentals, Ethanol and hydropower generation catalyst

by lakshay1994kukreja