DALBHARAT - FRESH IMPULSE - BULLISH - LONG TERMHi Folks,
Another stock with upcoming bullish momentum. Dalmia Bharat has seen a decent correctoin of more than 50% of the last impulse. After both time and price correction, RSI is cooled off on daily and weekly timeframes.
Recent week showed good accumulation in data with decent volumes. There is a breakout visible from the falling wedge with RSI also breaking out and making newer high.
Elliott wave analysis
1. Larger Wave 1 has an extended internal wave 3.
2. 5 wave structure is visible on the impulse.
3. 2-4 trendline has been violated and the subsequent larger wave 2 unfolded.
4. Correction in wave 2 had nested abc structure which resulted in larger WXY as marked on the chart.
5. Targets of larger wave 3 is marked with fib projections.
6. Invalidation level shall be low of wave 2.
7. Risk: Reward is very decent for long term hold.
Not a buy recommendation. Please do your own due diligence.
Fibprojection
Monero Daily TF Analysis 07/02/2021we can see XMR is in a bullish channel and it can continue in the same direction
we may have some retracement to its bullish Fibonacci retracement golden level and then start its rally
we can target the 27% of fib expansion as our 1 TP 235 and 127% of fib projection as our 2 TP 269
how do you think?
USDCAD seems to be Bearish 11/02/2021we can see the price has reached the Distribution zone and showed some resistance
we have defined some targets based on the Fib projection and past support areas which did some accumulation on earlier falls
this is based on the previews Price Action analysis (linked too) and it can be having some more weight on
XRP 12H Pennant Formation 07/01/2021we can see there is a pennant is getting form in 12H candles after a big accumulation zone break out got retraced
which is a good sign of a heavy move up or rally in to the next resistance,
by Fibonacci projections we have specified a green TP zone after a red resistance zone to which we can target finally after heating our
1 TP at 0.7836
2 TP: 0.9397
please comment your opinions
Gold Price Action Analysis 01/02/2021we can see an ascending channel and supply and demand zones
i am mostly bearish on gold to 1750 or even 1550 but as we can see the price is trying to break trough the lower bound of the ascending channel and if broken there exist a support line at 1794 which can be a range zone
the other scenario is having a bullish view and we have the rejection and bounce from the same area as it is currently and directs to specified zone by the red line which is Fibonacci projection of 1
please comment your view
Tesla is Shooting to the Moonas we can see tesla has touched the extension zone (161.8%) level of Fibonacci projection so we can expect a bullish wave to its 261.8% of the same projection
we may face a small correction and little consolidation at this point but ultimately we shall observe the TP Zone box to be Ticked
as we know Elon Musk is also thinking about starting some Satellite and ISP projects so it can be a good sentiment to this bullish move
please comment your opinion
GBPNZD Weekly TF 04/02/2021in this analysis we are focusing on a very long term position which can be kept opened for a year and half or more,
we have a simple descending channel and a Fibonacci projection which is having confluences between the parallels leg and lower bound of the channel
we have specified the 1 TP as the ATL and it can be achieved probably by mid or end of 2021
and the 2 TP can be for 2022
there is a Green TP zone which should be traded very carefully, we should reanalyze the market when the price had fall to the zoon or 127% of Fibonacci projection
BAT is good to go Long 01/02/2021as we can see BAT had broken trough the its monthly resistance zone and had rechecked it back and now it can be counted as it current support
we have some good chance of longing it up to the Parallel leg level of Fibonacci Projection and on its MACD we could spot some Mild Hidden Divergence
please comment your opinions
EURJPY Isn't it a Head and Shoulder? 30M TF 30/01/2021As we ca see there is a head and shudder pattern is forming and by using our Fibonacci projection from head to the falling shudder we can have 3 TPs zones of short-term trades
i shall mention that we are aware of a bearish divergence with MACD and it is the sign of a big fall in the Daily time frame
USDJPY 16/01/2021 Short 300 Pips TP here we can see the Price is ranging in a descending Channel and it is showing a bearish wave
we can see a Hidden Divergence with the MACD as the price is making Lower Highs but MACD is making Higher High so it can be sign of trend Continuation with a higher volatility...
in order to speculate the next target we have specified the supports on its way, by Fibonacci Projection we can have some higher probability that the price shall reach the Minimum of parallel level which is 101.33 and henceforth
i have specified our TP Zone too
please comment your ideas
Dash will Bash, said on 29/01/2021we are expecting a high rise on this altcoin as it was ranging for a while, .
as Bitcoin dominance drops, it will get more power as it is currently accumulating and soon we will see some heavy changes and up rise on this
we have specified the areas of retraces and projection of two bearish and bullish waves
please consider the TP areas
Zcash Long Chance 01/02/2021we have analyzed this asset using the Price Action analysis and we could notice a Hidden Bullish Divergence with MACD and it is the sign of trend continuation
we can target the parallel leg level of Fibonacci Projection and it is an easy target to achieve as the price is range bounding rally in a ascending channel and we can estimate to have our target areas in a month time
please comment your opinions
Cardano / TetherUS For Long-term and Swing TradesHI
here we have ADAUSDT analyzed using complete Price Action method where its key levels lies on the Key Fibonacci projection levels where absolutes support and resistances are specified.
as we can see currently the price has reached the extension zone of our Fibonacci projection level of 161.8% which is a very powerful sign of trend continuation and the next target can be 261.8% and ultimately 361.8%...
we have zones and a projection time slabs where approximately we are expecting the market to reach by then.
please comment your opinions
SBI 13/01/2021 updated after 1St TP achievedHi
this analyze is base on my preview video analyze of the same ticker
www.tradingview.com
as we can see our first target was 300 to 310 Rs which we had achieved and now we are crossing the 161.8% fib projection which is also called as extension zone in Fibonacci jargon and it gets interpreted that once we touch this zoon after crossing the 127% of the same fib, then we can expect the trend to reach the 261.8% of the same fib projection which I have specified with the TP Zone Box (350Rs)
we may have a renege and consolidation period as we are breaking trough a tough resistance zone which i have specified with the red box.
or a little bit correction to 127% of fib but the ultimate target is to cross the resistance zone and hitting our target price of 350Rs
please comment your opinions