I've used Fibonacci retracement on the period from June 20th till now, looking at daily data. After reaching a high at 46300, which is a significant Fibonacci level, the price dropped to 44270 by August 23rd. Bank Nifty is currently moving back up towards its highest point, with buying starting at 44540 today app
SAIL experienced a retracement, dropping from 96 to 91.50. However, it subsequently demonstrated strong buying momentum, resulting in a closing price of approximately 92.90. Looking ahead, SAIL has the potential to reach 96 as its near-term target, followed by 99 as the second target. Additionally, there is a more extended timeframe target of 108 within six...
Today, the Nifty concluded the day above the 19600-point mark. Anticipating a potential rise in the coming days, there's an expectation for the index to reach either 19800 or 19850 points. It's advisable to set a stop loss at 19530. #nifty #StockMarket, #TradingIdeas, #TechnicalAna lysis, and #MarketOutlook
Mid January 2022 Analysis Buy Above 885 Add Quantity at 850 Strict Stop loss 823 Target 950- 980
Important Levels For long term: Stop Loss 47 Buying level 57-62 Targets - 79 , 90 , 110
View only for educational porpose .
Price action in IOC shows price breaking out on Weakly chart. Price also closed above its 20 periods moving average and RSI shows a break out of a falling trendline and a pop above 70. This shows the stock is gaining momentum on the upside. Buy around Rs 104-109 for a rally to Rs 118 and above that to Rs 130 over the next 2-3 weeks. Keep a stop below Rs 95.
The stock Maruti is at breakout of falling wedge.. target possible 7400-7500
Important Levels *First near Tear Target: 166 **Long term Target 188 With SL 145
Concor is at breakout point after solid consolidation. Concor can touch a level of 700 in short term. There is a strong volume also on the daily chart. SL: 580
Important Levels Buy above 357 1st Near term target:406 2nd Target: 440 Final Target: 485 Stop Loss Level: 312-280
Important Levels Buy above 548 1st Near term target:572 2nd Target: 601 Final Target: 625 Stop Loss Level: 508-518
NIfty is in the rectangle range form. Nifty is near-daily breakout level. Nifty can touch 15400 or 15350 within 3 days . Tarde with Strict stop loss. :-)Happy Trading :-)
The stock is Close Within 52 Week High Zone. Near term, the target is 545. There is Buying opportunity at levels 440 to 460.
Since 2010, on the monthly chart, the stock has tested a level of 100 three times. Now the stock is testing level 100 again today. If stock sustains this level, we can see the upcoming levels up to 120 and above in a couple of months. The stock is also strong fundamentally. 1st target 110 2nd Target 120 Sl 96.50
Wait and watch. do not trade between 14400 to 14480 . Trade below or above