This video discussed a bearish harmonic pattern that might be quietly sitting & hiding in the price structure if unfolds exactly holding below 16701.85 then the downside support could be 16510-16530 / Below 16500 for 16370-16390. ----------------------------------- Last Nifty Video Idea ----------------------------------- Hope you enjoy the video. Good...
In this video i have shown multiple examples of harmonic pattern setups in indian equities with an aim of providing live examples for people to learn and practice these complex patterns.
Nifty: Monthly range 11350-10725 Weekly support 11050 resistance 11350/11475/11750 Daily support 11000/10850 resistance 11300 Hourly Butterfly at 11025, if it fails to hold then 10900 likely. Bank Nifty: 21000 crucial level for any attempt to bounce/reverse back for 22700 and above that rally till 23750-24000
Educational Purpose
DOW Monthly Kijun has always been held since the Sub-Prime lows. If 25600-24800 gives way then 22700 would become a possible target USD INR Monthly has made a Bearish Harmonic AB=CD. Weekly has done its minimum Dragon target, further sustaining above 74.75 would take it to 77 to complete its next Dragon target Daily has also made a Bearish Harmonic AB=CD. Ideally...
Nifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From...
Three Bullish Harmonic Patterns in alignment in Monthly Time Frame Gartley / Butterfly / AB=CD Ichimoku study also suggests a pullback to Kumo around 18000 View goes wrong if it moves below 11600
Nifty is still trying to establish a Higher Low post Sept 20 vertical move. Expecting the range now to get squeezed between 11400 on the upside to 11100 max 10900 on the downside. Smallish bounce possible if the Bullish Harmonic AB=CD sustains near 11100. Out of the woods only above 11400
Trading Strategy Safe Traders Buy above 11585 for Targets 11625/Above 11650 for 11775-11800 / Above 11800 for 11980-12000 / Above 12000 for 12100-12200 Risky Traders Look to buy in 11480-11510 zone with strict stops below 11460 for above mentioned targets as suggested for safe...
What is a trendline A trendline is a straight line that connects two or more price points. Extending this line into the future, it also acts as a line of support or resistance. There are two types of trendlines—the up trend and the down trend. Trendline Rule The general rule in technical analysis is that it takes two points to draw a trend line and the third...
10:00 Hrs - 21st Dec 2018 Last Price@10920 As suggested in the profile update before market hours- look for 10850-10860 zone for buying where CD leg of Gartley completes. Currently running down from 10960's - You need to check settings tab in "ideas stream" to get updates & ideas in time. We are already 40 points down in D leg -selling from tops 10960's...
SBIN - Turn it upside done (Ulta Pulta) - TradingView Exciting Feature Head and Shoulder & Inverse Head & Shoulder (killroy) Book - Technical Analysis of Stock Trends by Edwards and Magee The Head and Shoulders Bottom (Reverse Head and Shoulders) is created by three successive declines in the price following a significant downtrend. The lowest low (head) is...
Auropharma – 831 to 750 What a crack! Risky Traders – get ready to lose 4-5 points and gain 50+ points – closing statement in the video idea – “Once bitten twice shy” as of 4th Dec 2018. If the stock moves in line as you expected giving us an exact entry as well to be precise 825-827 zone when it closed overnight at 821 levels has to be dream come true...
Am not registered with SEBI as Advisor. The tips are purely a view point and there is no guarantee on the returns. Hence all the members are requested to apply their prudence and consult their financial advisor before acting on any of the recommendation