Weekly time frame Bearish Harmonic AB=CD can retest 180 Daily time frame diagonal ending, breakdown below 203 Hourly time frame Bearish AB=CD prz 215 View would negate above 223
Cautious View On IndusBank Strong Support Zone: 1400-1415 tgrm at jtradingview
It has entered into a PRZ of a bearish harmonic pattern AB=CD which is also inline with an Ichimoku time and price resistance. A retrace till 1450 from here. View negates above 1625
In hourly time frame has made a Bullish AB=CD in a slanting channel structure. If 11480 holds then a bounce back to 11600 is probable from here 11515
It is at a Bearish Harmonic Pattern AB=CD prz. A reversal from here could take it to 1750/1650 levels. Confirmation for that would come if it sustains below 1840 for an hour. In that case view would negate above 1880
In monthly time frame it has just entered into a Bullish AB=CD prz level. With a Bullish Gartley near 380. As per Ichimoku there is a monthly support near 370 which is sync with time axis. From a medium term prospective a bounce back for 500-550 is probable.
Today's low is the PRZ for a Bullish AB=CD. If it sustains above 335 then it could see a reversal till 350-360.
can consider shorting near 757 levels for 745,sl-762
Dear All At Tradingview , I hope you all are learning from my charts . This time , I have mentioned the reason of fall in Bank Nifty & Why did it rise from Lows of 24240 formed in October . Answer is ABCD Patterns . Ask any query on comment box or DM me . Some Basics of ABCD Pattern : The AB=CD pattern is a 4-point price structure where the initial price...
WIPRO UPSIDE VIEW STRATEGY COMING TO FORMAT "ABCD PATTERN" POINT "C" IS 61.8% BUY @ 323 BUY ON DECLINES BETWEEN 304-315 ...STOP BELOW 300 TGT -- 360-380 TIME FRAME -- 3-4 MONTHS.
Bearish Alt AB = CD (1.13 Ext.) Can Short at "TFZ / HZ #1 => 11342.7 - 11361.5" (Spot) / 11363 - 11377 (Fut) Can Short at "TFZ / HZ #1 => 11342.7 - 11361.5" (Spot) ...levels plotted 7 mentioned in Chart. Some important Data: PCR: 1.38 (Over Bought 1.4 - 1.7) RSI(14): 73.99, RSI(9): 66.75 BB: Closed Above BB IndiaVIX: 12.31 (Prev. - 12.03)...
Next Level to watch 11346 - 11360 (as major Selling Pressure) Advantage Bulls: PCR: 1.38 can Go 1.7 - 1.8 RSI(9): 66.75, Short Term Momentum Lift to 75+ IndiaVIX: 12.31, Yly LOW: 9.2575, One year Ago: 11.17 Monthly Historical DATA. (NEXT "UP") Advantage Bears: PCR: 1.38 Reversed to 1.05 - 0.85 RSI(14): 73.99, (Over Bought) IndiaVIX: 12.31 (Prev. - 12.03)...
Dear All , Everything is mentioned Over the Chart ... Good Luck !!!
i personally think that investing can generate wealth only if you select a good buisness at a good time and not a random choice will give you gains ..
NSE:TATAMOTORS Daily chart. A to B leg extended beyond 0.618% (Golden ratio) n retrace to 0.786%. Not a perfect ABCD pattern. But one can watch once if it crosses 440 levels. for the target of 500.
NSE:HEROMOTOCO Weekly Chart: Hero just tested the 'D' level of AB=CD pattern (= 4100 zone) & facing resistance. Stock likely to test 0.618 of Fibo = 3236 level (Marked with white arrow). Bias remains bearish, But not safe to short as Risk Reward Ratio is not good here.
Perfect ABCD Pattern. Tweaked little bit according to support & resistance. 50% passes thru small gap. See how price retraced.