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Fibprojection

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.
NSE:DALBHARATLong
by KunalSaxena10
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
OANDA:XAUUSD
by BitonGroup
13
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
NASDAQ:TSLALong
by BitonGroup
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
Short
by BitonGroup
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
Short
by BitonGroup
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
Long
by BitonGroup
2
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
NSE:SBINLong
by BitonGroup