It is at the PRZ of a Bullish Harmonic AB=CD Pattern suggesting a bounce/reversal provided it holds 346. It's expected reversal levels are 390 & 405 AB=CD Harmonic Patterns are derived out of specific Fibonacci Ratios which form parallel running channels appearing in the shape of a thunderbolt.
PRZ sell on levels. Can be bought at CMP as well with sl 65.5 for 74-79.
swing trade on hero motor
BankNifty Bullish Butterfly Pattern Buy Banknifty at19850--19900 Sl 19500 Target 20300----20700++++ 24 Sep Closed At 20456
Bullish Bat Harmonics Pattern Buy Nifty 10700-30 Sl 10590 Target 10830------10960++++ 24 Sep Closed at 10805.55
Nifty is attempting a reversal from a Bullish Harmonic Alt Shark in hourly time frame which coincides with an Ichimoku Kumo support in daily time frame. If it manages to sustain above 11100 it could retrace back to 11275/11350. There is strong resistance now at 11425. Break of 11050 on closing basis will lead to further weakness/selling pressure. Harmonic Trading...
Nifty has initiated a Bullish Harmonic Pattern 5-O which has the PRZ of 11450-11400. As long as it sustains above 11300 it could rally till 11775-11850. Further confirmation would be hourly sustenance above 11570. Bullish 5-O are 6 points Harmonic Patterns usually preceded by a Bearish Alt Shark. The pullback from the Alt shark in this case happens to be a...
Bullish Gartley spotted on Titan 30 minute chart
It has turned from a Bullish Harmonic Butterfly and could now retrace till 128/131 as long as it holds above 122. Butterfly Patterns are 5 pt Harmonic reversal/bounce set ups based on specific Fibonacci Ratios.