Nifty has entered into a Bearish Bat Harmonic Pattern PRZ today. However, the structure suggest that it will complete a Bullish 5-0 Harmonic Pattern. Any dip till 11550-11450 could see strong support which could then take this to 12000-12050 to complete this BAMM pattern
It has made a bearish harmonic Alt Shark and an Evening Star Doji. A pullback till 675-650 is probable. A weekly close below 715 would be ideal. View negates above 735
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
Price of igl is wandering in 375-381 zone for a few time , According to probable set up ,if we bet on shark pattern leg d completion, then trade would be profitable as due to high risk reward ,
ON WHISTLE BLOWING COMPLAINT ALLEGING UNETHICAL PRACTICES. ANOTHER BLOW TO INDIAN STOCK MARKET INFY LIKELY TO PULL DOWN NIFTY. HOW EVER IF I FEEL IT WILL GIVE OPPORTUNITY TO BUY INDEX AGAIN. MOST IMPORTANT HOW MARKET REACTS TO THE RESULT OF HDFC BANK AND RELIANCE. MOST IMPORTANT MIDCAP PARTICIPATION IN THE MARKET MOVEMENT.
TATASTEEL SEEMS TO BE REVERSING.STOP LOSS SHOULD BE BELOW D AND TARGET PRICE MAY BE 395425 OR HIGHER
It is forming a Bullish Harmonic Dragon which suggests levels of 260/285, double confirmation above 238. View would negate below 215. As per Ichimoku analysis also 438 is the hurdle for the up move.
As expected now trading at the upper end of the range. In hourly time frame it has entered into a Bearish Harmonic Pattern Shark prz. As per Ichimoku also its currently at both hourly and weekly resistance. A retest of yesterday's low near 11200 is probable. View would negate if it sustains above 11425.
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
It has made a Bullish Harmonic Gartley today in daily time frame. As per Ichimoku it is trading at weekly support. The decline could halt here and it could see some bounce back till 650-675. View negates below 584
NSE:ADANIPOWER
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.
Cipla (Monthly time frame) is close to a breakdown level 470. Sustaining below that (monthly closing basis only) will see further acceleration in downtrend. The next major support is at 425-400 below this level.
It has bearish Harmonic Pattern PRZ levels between 1320-1345 > AB=CD & Alt Shark at 1320 and Gartley at 1345. As per Ichimoku also it faces resistance in this zone. A pullback till 1250 is probable. View negates above 1360
It has entered into two bearish harmonic patterns >> PRZ - Bat and AB=CD. A retracement till 130-125 is probable. View negates above 145
It has made a Bullish Cypher near a Kumo in daily time frame. It can retrace back to 800 provided its does not go below 758