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Fibonacci

SBI Life Insurance Co. Ltd. - Technical Analysis UpdateSupport and Resistance Zones: 1.Key Support Zone: ₹1,385-₹1,463 This zone aligns with the Fibonacci 0.236 retracement level and the recent reversal point, making it a strong support. 2.Immediate Resistance Levels: ₹1,555 (Fibonacci 0.382 retracement). ₹1,630 (Fibonacci 0.5 retracement). ₹1,705 (Fibonacci 0.618 retracement), a crucial level to watch. 3.Fibonacci Retracement Levels: The stock has retraced sharply from its high of ₹1,943 and is showing signs of reversal near the 0.236 Fibonacci level. A breakout above ₹1,500 could confirm bullish momentum toward higher Fibonacci levels. 4.Volume Analysis: Volume appears to be increasing near the support zone, indicating buying interest from market participants. The Volume Profile indicates strong accumulation between ₹1,400-₹1,500. 5.Moving Averages: The stock is attempting to reclaim the 20-day EMA as a dynamic support. A crossover above the 50-day EMA could signal further bullish strength. 6.RSI (Relative Strength Index): RSI is recovering from oversold levels, indicating a possible trend reversal. A move above 50 would strengthen the bullish case. 7.Projection: If the stock sustains above ₹1,463, it could aim for ₹1,555 in the short term and ₹1,705 in the medium term. A break below ₹1,385 would invalidate this view and could lead to further downside. Conclusion: SBI Life Insurance is poised for a potential bounce-back. Traders can consider entries near the ₹1,450-₹1,470 range, targeting ₹1,555 and ₹1,705 with appropriate stop losses below ₹1,385.
NSE:SBILIFELong
by AngshumanSaikia
SBI Life Insurance Co. Ltd (NSE: SBILIFE) - Technical Analysis Price Action and Fibonacci Analysis SBI Life is currently trading at ₹1,628.85, which is near a crucial Fibonacci retracement level: 1. Fibonacci Levels: The price previously peaked around ₹1,935.10, forming a possible double-top pattern. It has since retraced, approaching the 50% retracement level at ₹1,624.75, a significant support zone. This level often acts as a key point for potential rebounds. Below this, the 61.8% level at ₹1,551.50 is the next major support. If the price declines further, this level could provide strong support. 2. Volume Profile: The Volume Profile on the right suggests a high volume node around ₹1,450, indicating strong accumulation in this zone. This level, if reached, could serve as a significant support area and potential bounce point. 3 . Moving Averages: The stock is currently trading near the 200-day moving average (black line), which may act as a long-term support level. The 50-day (blue) and 100-day (red) moving averages are above the current price, indicating that the stock has broken below its short- and medium-term trend lines. Technical Indicators 1. Relative Strength Index (RSI): The RSI is showing signs of being in the lower half of its range but hasn’t reached oversold territory, suggesting there may be further downside before a potential rebound. 2. Volume Trends: There has been a significant increase in volume during the recent pullback, indicating strong selling pressure. Conclusion and Potential Scenarios Bullish Scenario: If the stock holds the 50% Fibonacci level at ₹1,624.75 and the 200-day moving average, we could see a recovery toward the 38.2% level at ₹1,698.00, with further resistance at ₹1,788.60. Bearish Scenario: A break below ₹1,624.75 could lead the price toward the 61.8% level at ₹1,551.50. A further decline might see the price test the high-volume node around ₹1,450. Trading Strategy For Long Positions: Watch for a bounce near ₹1,624.75 or ₹1,551.50 with confirmation from volume and RSI improving from lower levels. For Short Positions: A breakdown below ₹1,624.75, particularly with strong volume, could present a shorting opportunity down to ₹1,551.50 or potentially lower. Note: Always consider market conditions and use proper risk management techniques.
NSE:SBILIFE
by AngshumanSaikia
Sushiswap Sushi price analysis🍣 Fresh CRYPTOCAP:SUSHI has been brought to the market, but you need to buy it at a good price and more on that later!) Only the 4th time, for the first time in 2.5 years, OKX:SUSHIUSDT price managed to break above $2 1️⃣Now the main thing is to wait for confirmation of the breakout and the strength of buyers. That is, we need to wait for the price of the #Sushiswap token to firmly establish itself in the range of $1.50-2 and not fall below it. 2️⃣If this condition is met, the prospects for continued growth to $10 will open up, where selling one #Sushi will allow you to buy a whole roll set :) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
2
$SPY December9, 2024AMEX:SPY December9, 2024 15 Minutes. As can be seen in chart AMEX:SPY struggling around 608 609 levels. The retracement i was expecting due to oscillator did not happen but it resulted in sideways movement. For the rise 597.28 to 609.07 604.5 is approximately 38.2% retracement. Also for the fall 609.07 to 607.07 to 608.38 605 is 1.618 times extension on reversals. At the moment AMEX:SPY is converged in 3 moving averages 9,21,50. We have 100 averages sat 606 levels. That is my first target for the moment. Day is still strong, and I have 635-640 as target. We have 606 as 9 averages in day so that should give good support on a reversal.
AMEX:SPYShort
by RiderTrader
2
Pulse of an Asset via Fibonacci: TSLA at ATH Impulse Redux"Impulse" is a surge that creates "Ripples", like a pebble into water. "Impulse Redux" is returning of wave to the original source of energy. "Impulse Core" is the zone of maximum energy, in the Golden Pocket. Are the sellers still there? Enough to absorb the buying power? Reaction at Impulse is worth observing closely to gauge energy. Rejection is expected on at least first approach if not several. Part of my ongoing series to collect examples of my Methodology: (click links below) Chapter 1: Introduction and numerous Examples Chapter 2: Detailed views and Wave Analysis Chapter 3: The Dreaded 9.618: Murderer of Moves Chapter 4: Impulse Redux: Return to Birth place <= Current Example Chapter 5: Golden Growth: Parabolic Expansions Chapter 6: Give me a ping Vasili: one Ping only . . Ordered Chaos every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse. each line Gains its Gravity. each line Tried and Tested. each line Poised to Reflect. every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms. He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos. Ordered Chaos . . . want to Learn a little More? can you Spend a few Moments? click the Links under Related.
NASDAQ:TSLAEducation
by EuroMotif
EMS Limited: Water Theme Stock Ready for an Upside Run! 🚀 EMS Limited: Water Theme Stock Ready for an Upside Run! 🚀 Current Market Price: 844 Stop Loss: 790 Target: 950 EMS Limited has moved above the 62% retracement level and completed a small cup and handle breakout, signaling strong bullish momentum. With its focus on the water management theme, this stock holds potential for a significant upside, making it a compelling long-term investment idea. 📈 Why Consider EMS Limited? Key technical breakout above the cup and handle pattern. Strong sectoral theme with long-term growth prospects. Investment opportunity for larger targets in the future. 📉 Disclaimer: As a non-SEBI registered analyst, I recommend conducting thorough research or seeking advice from financial professionals before making investment decisions. #EMSLimited #WaterManagement #InvestmentTheme #TechnicalAnalysis #BreakoutStrategy #StockMarket
NSE:EMSLIMITEDLong
by satyam15
NQ Power Range Report with FIB Ext - 12/9/2024 SessionCME_MINI:NQZ2024 - PR High: 21670.75 - PR Low: 21626.75 - NZ Spread: 98.5 No key scheduled economic events Holding auction in ATHs - QQQ daily gap below 520 Session Open Stats (As of 12:45 AM 12/9) - Weekend Gap: N/A - Gap 10/30/23 +0.47% (open < 14272) - Session Open ATR: 263.85 - Volume: 21K - Open Int: 293K - Trend Grade: Bull - From BA ATH: -0.1% (Rounded) Key Levels (Rounded - Think of these as ranges) - Long: 22096 - Mid: 20954 - Short: 19814 Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions. BA: Back Adjusted BuZ/BeZ: Bull Zone / Bear Zone NZ: Neutral Zone
CME_MINI:NQZ2024
by mv3trader5
AUDUSD speculative BUY as RBA Interest Rate DecisionAUDUSD currently traded in the downtrend movement. As we see in the weekly chart, the downshift movement starts from October as USD move stronger belong to strong economic data followed by investor's optimism of second Trump Presidential era. Tomorrow, 10/12/24 RBA would give us signal about it's interest rate. Consensus is 4,35% and we may anticipate the movement if the actual data shows 4,35%. It may cause the upward shift as technical analyst see the movement already bounced from it's weekly trendline support. The upward correction movement would as high as 0.650xx using Fibbonacci Internal Retracement tools. But, if the data shows us <4,35% it may cause more deep movement for the AUDUSD and we need to review again in further movement. I anticipated the movement and see BUY opportunity in this pair.
Long
by vicariuzchrist
5
DXY seems going HIGHER as STRONG ECONOMIC DATATVC:DXY currently traded higher after strong economic data last Friday. NFP data told us that US labor market remain strong. We also can see at Tuesday Job Opening data which showed us "higher than expected - higher than previous month" and finally drives the price up. At the last speech, Powell also said that FED isn't in a rush condition to reduce the interest rate. All of this information gives more optimism to big player in the market to buy dollar. Technical analysis in the picture tells TVC:DXY failed to make breakout movement below weekly trendline support and seems continue to move to it's last high around 106.75. If this resistance can't hold the price, it will be double bottom chart pattern and could move dollar to it's 22 Nov high around 108.xx So currently i saw buy opportunity for dollar and sell opportunity in the counter currency of dollar.
TVC:DXY
by vicariuzchrist
XAUUSD SELLING ?? FIB REJECTION=PRICE DELFLECTIONIt seems that gold is struggling to break key Fibonacci levels. I think this is partly due to the volatility in the cryptocurrency market. In my opinion, there is a distinct correlation between Bitcoin rising and gold falling. While I don’t believe this trend will be permanent, in an uncertain financial climate, I think investors are still determining their "best bet." My bias is that gold will reject the 0.23 Fibonacci level and end up retesting support. This play could take a few days to set up. ENTRY: 2685 TP1: 2653 TP2: 2618 TP3: 2584 TP4: 2561 SL: 2708
OANDA:XAUUSDShort
by BigRichh
XAUUSD Short SignalAnalysis: Why XAUUSD is bearish 1. fair value gap incl. deep golden pocket (FVG): The price has reached a fair value gap (FVG) incl. the cosequent encroachment and the deep golden pocket in the 2,717.53 area, which acts as resistance. Such untested liquidity areas are often used by sellers to take short positions. As long as the price remains below this area, selling pressure is likely to persist. 2nd Fibonacci retracement level: The market is below the 50% Fibonacci retracement level (2,664.31), indicating a dominant downtrend. In addition, the area between the Fibonacci levels 0.705 (2,716.04) and 0.79 (2,737.48) is in a resistance zone that has already triggered selling on several occasions. This confirms the weakness of the buyers and the control of the sellers over the market. 3. break of structure (BOS): A break of structure (BOS) is clearly evident. The market has formed both lower highs and lower lows, which is typical of a downtrend. This structural break signals that buyers are no longer able to maintain control and sellers are determining the market movement. 4. consolidation below the FVG: After the sell-off, the price consolidates in a narrow range below the fair value gap. This consolidation shows that the market is gathering energy to execute a further downward impulse. Without a return above the FVG area, the market remains strongly bearish. 5th target area (take profit zone): A potential price target is marked at 2,528.47, which is close to a strong support zone. This area could be defined by previous lows or liquidity zones and serves as a potential target point for sellers. 6. market momentum: The weak retracements to the upside and the structure of the chart indicate clear downward momentum. Buyers are currently showing no strength to initiate a sustained countermovement. Conclusion: XAUUSD is showing a clear bearish bias supported by the break of structure, fair value gap and Fibonacci resistances. As long as the price remains below the 50% retracement and the FVG, a further sell-off towards the support zone at 2,528.47 is to be expected. Traders should favor short setups and monitor potential reversal signals at the lower timeframes.
FOREXCOM:XAUUSDShort
by DavidOakFx
USDCAD Analysis - Bullish - Trade 041. Seasonality The CAD is bullish during the first week of December, while the USD exhibits bearish momentum. This combination suggests a bearish outlook for USDCAD based on seasonality. 2. COT Report The COT report for the CAD suggests a sell. On the other hand, the COT report for the USD suggests a buy, indicating increasing strength for the USD. This could provide upward pressure on USDCAD. 3. Fundamental Analysis LEI The USDCAD LEI is increasing, which signals potential strength for the USD and could favor upward movement in USDCAD. Endogenous Factors The endogenous factors for the USD are increasing, suggesting bullish momentum for the USD, while the CAD's endogenous factors show weakness, further supporting a potential rise in USDCAD. Exogenous Factors Exogenous indicators for USDCAD show a decreasing trend, suggesting some resistance to further bullish momentum, which could limit the upside potential of USDCAD. 4. Technical Analysis USDCAD is forming an ABCD pattern, with the C point retracement at the 0.79 Fibonacci level. Bias The combined analysis suggests a bullish bias for USDCAD Trade Plan Entry: 1.40481 SL: 1.39756 TP: 1.41206
Long
by asadamalik
OM / USDT: constructive actions along support zone The uptrend (both macro and mid-term) looks strong and intact. The price consolidated along the upper zone of mid-term support: 3.35-2.78, while waiting for 21 ema to come closer (the nature of the upward trend from the lows of 2023 to the April peaks of 2024 respected this moving average very well showing the coin's "character"). While I cannot completely rule out a correction to the ascending 21ema in the coming days, until price holds above the local support mentioned above, my next resistance targets are: 6.8-7.36 with a possible run up to 12.70 Wishing you successful and profitable trading and investing decisions and thank you for your attention!
Long
by artemfedorov
Update on ADAhello everybody. tonight we have an update on Cardano and the price base on structure looks very bullish and could potentially go higher. the price broke the recent structure and the green dots indicate our current range I also marked the liquidity above the demand zone and as soon as the price comes to the demand we will look at the price in the lower time frame and look for confirmation and if we saw one we can set an order and target the high of the range and catch a pretty good RR. for now, we have to analyze the behavior of the price and see if it reaches our demand zone or not and be patient. I will keep you updated. tnx for reading <3
Long
by IEatGreenPaper