Time frame used 75 Minutes. ABCD pattern as per Fib retracement price has taken rejection at 0.5% level my view is negative with target towards Point D. View fails if price crosses and closes above 3904 level.
Torrentpower sell below 474 add more 493 closing sl 515 tg 439-395
then will buy with butterfly @ 395 add more 372 closing sl 367 tg 439-474 -515++
ab=cd, and butterfly formation
we doing trade for d point after crossing b point coz already triangle breakdown and bearish bat pattern@ top and trading below 200 ema
NESTELINDIA
NESTELINDIA Result is coming soon . price take support @ 200 ema , ab=cd harmonic pattern
BUY NESTELINDIA @19450
ADD MORE 19020
CLOSING STOPLOSS BELOW 18920
TARGETS 20050-20736-21103
BOLO JAI GAJANAND
It is Bullish ABCD pattern seen daily tf can give good reversal from 1433 zone marked in the chart.
Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for horizontal lines: Green - Buy, Blue - targets, Red - SL). If any doubt for take entry in...
TataChem looking good for short, ABCD pattern formed also it has taken rejection from AVWAP(Pink color line) on Daily Time frame. Also Fib Retracement level of 50% at reversal. 3 confirmations.
NSE:TI is showing bullish price actions:
Technical Reasons:
A double bottom W patten is created
Tried to see if it's a Harmonic XABCD patten, not fully complying with this
Volume is going up,
Current trend is uptrend
Strong Momentum: Price above short-, medium- and long-term moving averages
Fundamental Reasons:
1. FII / FPI or Institutions...
UPL on Monthly longer time frame is creating multiple pattern on various charts.
Two significant pattern visible is Flag pole and Diamond pattern.
Hence it can breakout on either side
If breakout on upper side then target of 991 is expected
If breakout on lower side then target of 508 is possible.
currently good for trading the range unless breakout occurs...
Price action to watch .
Possibility price to reach 510 if break below trend line.
Possible sell trade entry at CMP 540 with SL above 545.
In case of gapup, we could wait and observe if price closes again below trend line.
old demand zone below 510
Entry price: 8780
SL - 8830
Target - 8715
Note: View shared for educational purpose only. Conduct your due dilligence before making any trading/investment decisions.
The real test now starts for Nifty. It has escaped 0.5 retracement by a huge gap up opening and now it has to face 0.618 retracement. If Nifty becomes lucky for the second consecutive time then 16250-16350 will be the key test. So do long very carefully.
Here we have analysed Nifty50 index in 4H TF. If it breaks 16511 then XABCD will be activated and we can again come back to 15200 level. On the higher side 16600 to 16500 will act as a strong Demand zone as it has multiple strong PRZ there. Nifty can only recover if this range is respected.
Aarti industries is a fundamentally strong bullish stock is in the best possible correction zone following the three drive pattern. As per my analysis this is the best time to buy as it is near 1.618 retracement phase.
