The Bat Pattern, is a precise harmonic pattern™ discovered by Scott Carney in 2001 The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg . The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD...
HCL TECH BROKED DOWNTREND CHHANEL LINE AT 849.60 OUR NEXT FIRST TARGET SHOULD BE 878 AND SECOND TARGET SHOULD BE 906 STOP LOSS AT 831 THANK YOU PLEASE COMMENT YOUR POINT OF VIEW .
The daily time frame is giving a breakout signal today, the weekly time frame will confirm it above 1550 (closing basis ). In that case the most laggard among all sectors will turn out to be a top out performer for moves towards 1900 and then 2300 . Short term support at 1450/1375 . Watch out for this sector is coming out of a v long bear phase screaming Apna...
As in USOIL, we can see a Triangle Pattern so it has the potential to give Breakout in any Direction. It's just a personal view.
Levels to watch is marked in charts, Simple Price Action.
Glenmark pharma recently crossed an important level. If retest and form a reversal candle, then it can head towards 700 levels in the near future.
Rain industries crossing an important levels today. Can expect movement towards 200 levels
APOLLO TYRE - TRADE OUTSIDE THE RANGE
ZENTECH has given breakout at 85 level with high volume, looks like it is going towards 110 level. before that it can swiftly reach 100 level. Central Pivot Range narrowed out of last 3 months. Contraction in CPR indicate a trend ahead last 3 months it consolidated between 70-85 levels. RSI closed above 60, i.e 67 on daily scale, indicating strong bulishness. MACD...