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
Oct/01, Nifty Baddy, already first target achieved at 11314, Waiting for the 2nd lower to reach!
My today's trade-in Nifty(10 lots) Watch the yellow box on the chart. The green breakout candle was my entry in 11300CE at 54 and sold at 61.65. Now there are two reasons why I took this trade. A small profit of 5,737rs. No indicators used, just pivots and price action. Smaller time frame charts are not valid so uploading 15mins chart, whereas the trade was on...
Reliance is neutral
Levels are on the chart. stock is at crucial support of 200 day moving average. Maintain a strict SL on closing basis.
YES BANK POSITIONAL LOOKS GOOD FOR UP SIDE BETWEEN 30 TO 27
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.
AUDJPY has been moving sideways after the bear wave downwards. The setup provides a good risk reward for resumption of the bear trend.
Below all moving averages indus ind bank is coming to its support. This is a failed triangle breakout where in a stock can form triple bottom at 1281 levels.
Weekly range 11300-11750. Narrower range 11375-11625. Looks more likely to be a range bound week than a trending week.
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