Bearish AB=CD harmonic on HDFC A bearish AB=CD harmonic has developed on HDFC hourly. Looking for targets of around 1800 with stop at 1845, CMP at 1835.
AB=CD
Bullish reciprocal on Federal BankThere is a bullish reciprocal AB=CD on Federal Bank with targets of 55.5-56
RELIANCE at trendline support with a bullish AB=CD Reliance has retraced 50% from the recent highs and has formed a bullish AB=CD pattern. There is a trendline support as well. Odds favour long.
Buy for 2070-2080 with a stop below 1995.
NIFTY - ABCD Pattern in progress Refer charts Nifty looks to be forming ABCD pattern
in addition on Friday, it has crossed 200 DMA , that will give some bullishness in the coming sessions
Trade setup - once the price sustains above point B on chart in a 30 min candle, can go long with point B on chart as SL
P.S - Take an entry only after initial noise of the market settles, usually in starting 1 hr, too early entry may take your SL in case of whipsaw
Happy Trading
Bank Nifty - 14th July Trade setup Bank Nifty has formed AB =CD bullish harmonic
it was quite a volatile US market NASDAQ swinging from been up 1.9% and closing down - 2.1%. This may lead to indian markets opening GAP Down
Try to enter as near to SL for the maximum benefit of risk-reward.
Targets mentioned in the charts
Happy Trading
ITC looking to breakout till 230 after that will be bearishITC has made a Bearish AB=CD pattern in daily chart.
It's PRZ is around 226-235
After that it will again test the 210-200 levels.
This is my view, do your own analysis before taking any trade..
BEL, The Bearish Bat Pattern with Reversal 111 nearby.The Bearish Bat Pattern:
A B point that is less than a 0.618 retracement , preferably a 0.50 or 0.382 of the XA leg . In addition, these structures are excellent trading opportunities when they form at distinct levels of resistance.
Resistance 109-112 For targets 97 & support.
SBI life bearish harmonic pattern.SBI life has made a barish harmonic pattern. The volume is not supporting the breakout. So expect some sort of reversal from prz levels
This is my view. Take trade based on your own analysis....
Will HDFC Bank follow the pattern???Ratios are bit here and there but will HDFC Bank follow the pattern and reverse from 811?
ABCD pattern completion at 653
Disclaimer - Please do your own analysis before initiating the trade
Bearish ABCD formation Bearish harmonic ABCD pattern formed in NUCLEUS softwares.
This is just my analysis, do your own analysis before taking the trade.
Nifty eyeing for AB=CD on daily time frame
Currently nifty has made bearish engulfing pattern on daily frame exactly at 0.618 retracement from its high of 12430 approx on 20th jan2020.
Also RSI is poping up hidden divergence at 0.618 retracement...
When we apply Harmonic pattern AB = CD we get D point at 5680 approx...as reversal zone.
So traders be careful... choose to sell on rise only
Pure Fertilizer PlayLevels mentioned on charts .
Stock is moving as expected.
Fertilizer sector on positive momentum.
Comments and suggestion are welcome .
Nifty - Bearish ABCD Pattern - ShortNifty has formed Bearish ABCD Pattern.
We can go Short once nifty reaches near 10230 - 10250
Target 1 - 10100
Target 2 - 9900
SL - 10400
For Option Contract:
Sell - Call Option - 10300 CE
Sell - Put Option - 9500 PE
Buy - Call Option - 10400 CE
Buy - Put Option - 9400 PE
Disclaimer: Kindly do your own analysis before executing trade
Petronet LNG - Harmonic Bearish ABCD Pattern - ShortPetronet LPG Pattern evidence Harmonic Bearish AB=CD Pattern.
Go for Short @ 260.10
Target 1- 244
Target 2 - 219
SL - 270
Disclaimer: Kindly do your own analysis before executing the trade
(Intraday) Sell! Infratel
1. Infratel Price already took the reversal from 61.8% Retracement level.
2. On Drawing the AB-CD Pattern on the same. Lets find the reversal level.
Assuming BD= 1.27 , D =192
Assuming BD=1.61 , D = 187
Assuming BD = 1, D = 197
3. SELL BELOW: 202 TARGET:197 , 194 , 192, 187 Stop loss: 207
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