Thread by @KA_charts

let me post some 100 #fibbonaci number wonders on long term chart.
Post your chart too with #fibbonaci, make sure chart is clean.

this is number 1 in list
#ibrealestate
in 2021 it was one of the hot stock - Infact I was also excited took entry at top despite I was seeing Golden ratio rejection.
what happened next is history.

the very same stock took eyeball again few months back -- people went gaga
even we went long -- but exited sharp at 61.8%

checkout the result
#Fibbonaci

#idfcfirstbank

such setup forms rarely
#stronguptrend
#breakoutretest of inverse H&S and at retest 61.8% that too hammer

mind it -- hammer works best in strong trend pullback.
#polycab

again many times discussed in my webinars.

when upmove in IT stocks started in SEPT 2022 -- Infy being darling stock was most talked and was said this time gap will fill
Check both charts
#INFOSYS
#Infy

lets see today #ITindex meltdown with the eyes of #fibbonaci

#sunpharma
how you are going to understand -- stock has changed trend or not?
simple answer - if on higher TF HL --HL formation start u can understand
how u will be dead sure now strong momentum and new high is abt to come?
Check price behavior's at 61.8%
Golden ratio act as… twitter.com/i/web/status/1…

check this out
I was tracking this stock from many days
check both charts
Trend to badalna hi tha.
#Auropharma

https://twitter.com/KA_charts/status/1664502762678153218?s=20

my recent explanation on #KPIT fibbonaci

remember sometimes price doesn't come exactly at 61.8% after 1st test but when price action gives u support -- never hesistate in going long.
With my understanding and experience I can say now we wont see 730-740 levels in #mcdowell
Stock was well discussed by me on youtube… twitter.com/i/web/status/1…

tradingview.com/x/ErfGQI3F/
tradingview.com/x/kNDeZkfm/

#HDFCBank

tradingview.com/x/D0xgfpkW/

#adaniport
when u want to trade a news driven stock - better look for higher time frame confluence
61.8% and support coincide.
check both chart for better understanding

tradingview.com/x/IsCCDo0z/

very interesting- Just saw @suru27 #marksons tweet.
Saw chart
1) stock was in corrective phase after 2020- massive upmove.
2) retraced till 61.8% and formed a hammer
3) lower high formation turned into higher low after breaking swing.
trend changed and stock now back to 52 week… twitter.com/i/web/status/1…

discussed this in webinar -
61.8% is acting as support
#caplin

the thing is Price action is a leading Indicator - It tells u support and resistance but does support and resistance tells u where next move can come?
Infact nothing tells that - we can only guess what can happen next by the help of
1) trend
2)fibbo extension
if trend is… twitter.com/i/web/status/1…

tradingview.com/x/uNE3pyaq/

now when price will start reversing from here - just saying-- and will break 61.8% -- we can anticipate the price will break major trend 61.8% and will reverse the bearish trend to bullish.
this was case 1

case two which seems more likely
price retrace till 61.8% as per chart and then start uptrend again.
#niftyIT