BUY : 515 TO 525
TARGET : 691 TO 810
Reason For Buying This Script :
In this script it is forming inverted head & shoulder patter in monthly time frame . Now the price is in right shoulder. Try to accumulate every dip. Don't miss this opportunity.
Above given levels are based on monthly & weekly time frame . So be patience it will take some days...
share name : UPL
call type : poistional
- high of 760 is acting as a huge res for this share
- double bottom and rang formation pattern can be seen
- ab=cd forming
if price comes 765 , we can initate a buying at price with sl of sl 745
approchable target 962
Bank nifty had to cross the breakout level or breakdown level to show momentum.
It is trading somewhere in the middle.
Long above 40160 and short below 38430.
Targets are mentioned on the charts.
Happy trading :)
This is just for educational purposes.
Huge selloff seen today (and in past few days) in NIFTY taking down nifty below 17900 levels
ABCD pattern observed.
NIFTY FUT can bounce from 17813 levels and can come near 18400 - 18600 levels in coming days.
NOTE: View not valid if nifty fut closes below 17800 on daily time frame.
Hero Motorcorp is at an important demand zone. If the price bounces off of this zone, then consider taking a long position.
However, due to bad results if the price manages to slip below the demand zone, then open a short position.
The XABCD Bat pattern is already activated, if the price manages to stay above the demand zone, then we could see target B...
Here's the Bitcoin Usdt Perpetual weekly timeframe chart analysis. As the price is near the PRZ/supply zone set by the ABCD pattern, price action also seems to form a shooting star at the top of the supply zone.
This could be an early sign of exhaustion in the momentum and the price may correct further until the 53k-51k before another rally.
However, if the...
Bank nifty is near its swing high, it may take a correction or take out the supply zone with the short covering moves.
Here we analyze the PSU bank index, Private bank index, and ICICI bank to see what could be the scenario on Monday.
Today, we have ICICI bank's results which decide the Bank Nifty's run.
In the above...
share name : mother sumu system
call type : poistional
- high of 2017 (263 rs) is acting as a huge res.
- cup and handle pattern
- a doji can been seen on top
- exhaustion gap on top
- ab=cd forming
if price comes, we can initate a buying at
price - 170 rs with sl of sl 150
approchable target 450
Kotak bank has took out the strongest supply zone and also broke the previous swing high with good volumes.
The harmonic ABCD pattern gives us the targets of the next swing high. If these targets are taken out, the AB=CD pattern gives us the fib ratios until 3.618 when the AC is around 0.384 AB.
So there is a lot fuel left for the rally which could lift the Bank...
SBI has broken out of the ascending triangle and also broke a strong supply zone.
The price broke the supply zone and a pullback has been seen. The price took the support of the zone and the trendline successfully.
The target is the height of the ascending triangle above the breakout level. So, it comes out to be around 540.
Stop loss must be placed below...
The hind copper stock price has been falling heavily since it reached the ATH mark. However, the time has come to buy the stock based on the following reasons.
1) The demand zone is created by the ABCD pattern 2.24 and 2.414, the price bounced off this zone with huge volumes.
2) The price is near the 200EMA line, which is 117.17 currently.
3)The RSI is making...
The Reciprocal ABCD pattern formed demand zone has been respected by the market until now. See until the day's end, if this zone is broken, then you can expect a major fall.
I will attach a similar idea on the DJI futures chart here. Please look at both of them to make a decision. Don't just carry a short position beyond today's trading session.
This is just a brief idea of what could happen in the week. If any positive news from the FED, the markets could take a nice bullish reversal.
Don't carry any short positions just yet. Because shorting from here has very less risk-reward ratio. The harmonics work better when the RSI also concurs. The bullish ABCD pattern when the RSI indicating...