Now we are in corrective phase of the large bull market. The corrective wave occurs in 3 waves ABC the A os downward wave then the B is upward wave.now we are in Wave B .we can see downward of NIFTY50 again in Wave .this is roughly drawn.the stock market averages moves in 12345ABC waves (8waves)
Key support & resistance levels are marked on the charts through fibonacci go through it.breaked the upper trend line.looking like a triple top in 30min.confirm by volume
Looks like a head & shoulders Wait for the breakout R:R also defined in the chart
1196 is major resistance area as see there are more no. Of retests
PVR is moving in a parallel downward channel and there buy near longterm fib 62% retracement level
Even in this the fib extension 62% acted as support area next resistance is at 280 i will post even for shorterm ttrading
I have found probability of new high levels for M_M FINANCE by using thegannfann,fibonacci etracements give a clear look at charts & look how many time retests has done near major retracement levels. You can ease your analysis by fib.follow my insta @trade_bullz for more knowledge.look out even the shortern resistances
As we can see the above chart that the eicher is near 62% retracement area nearly all the stocks are same now checkout I'll oost them even