Nifty Way to 15200 .... If Nifty starts trading on this trade line, it will definitely reach 15200. There may be a small correction. This is a strong resistance. This can be said on the basis of harmonic level. This is for education only. We are not advised to buy or sell.
levels clearly mentioned in the chart
nifty opened gap uply & nifty was consolidated yesterday.
today can see a breakout or breakdown
there is chance for gap filling but note that after the gap filling can see a sudden recovery in nifty.
so short sellers beaware..
any way i am bullish on nifty for the day.
and I expecting sell side only below 14990
thanku
There are multiple harmonic patterns in Gold, bullish ones
SL and Target mentioned in the chart
For ones who trade in gold may be a good opportunity
For Traders who trade in the Indian index Nifty / Bank Nifty, they may take a cue from this as Gold and the Indian index are usually inversely proportional.i.e., if gold increases nifty decreases and vice...
BankNifty forming half bat pattern after successful ABCD pattern
Long only after bullish close above 32302.05
Target 1: 32460
If breakout about 32719.
Target 2: 32986
Focusing on the entire range of the PRZ(14100-14188) . However, the price falling, therefore our next target 2AB = CD 14188 and BC projection 14128.
Short sellers should be very careful at Potential Reversal Zone if the tail is detec ted.
I hope that you have checked out my previous nifty update.:
Having reversed from harmonic ABCD and strictly following the dynamic support line, price is now 180.
Key level to watch is 200 - .786 Fib of ABCD + psychological level + multi month resistance.
20% move can be seen on either side of 200 depending on how it behaves around it.
Above 200 will look for 240, 240-250 would be profit booking, and strictly above 250...
Kayani steel has broken its resistance 269 with great volume, short term target 345. One can initiate the buying at current level and add more till 269. Stop loss would be 260
Reasons to LOOK for Buy:
1) Clearly in an uptrend.
2) In the pullback phase to hit the previous support zone.
3) Support zone contains 50% retracement line.
4) Price may also hit 20MA in the zone (thus considering 20MA as support)
Look for buying opportunity in lower timeframe
SL @2882 as per Risk.
Position sizing as per Risk.
TP @2980
Heromoto has formed head and shoulder pattern, then taken support at base.
Now it is forming ABCD pattern, which might lead it to higher levels 3240 plus to ATH. SL and target levels are placed in Chart.
