TATA Motors in D wave for 500, Daily chartNSE:TATAMOTORS Daily chart. A to B leg extended beyond 0.618% (Golden ratio) n retrace to 0.786%. Not a perfect ABCD pattern. But one can watch once if it crosses 440 levels. for the target of 500.
AB=CD
NBCC On D wave of ABCD. Target 340NSE:NBCC Daily Chart. 0.5% Retrace done from Higher low. Once crosses 270 zone one can buy with target of 340. Marked the resistance zone with red box (270 area). Stops below 230 once trade triggers.
Reliance, Facing tough resistance at B zone of ABCD. facing resistance at "B" Zone of ABCD pattern (960). Probable double top . Day before made shooting star candle, Not a strong 1 though. Staying neutral. BSE:RELIANCE
REliance facing resistance @ 960. BSE:RELIANCE Reliance facing resistance at "B" Zone of ABCD pattern (960). Probable double top. Day before made shooting star candle, Not a strong 1 though. Staying neutral.
IBREALEST - BAT pattern Completed the BAT pattern on 15min chart. Hopefully hits the Target 01 and Target 02 respectively.
GodrejIND - Bullish AB = CDNSE:GODREJIND has formed bullish AB=CD pattern
One can go long above 545
T1 - 556.57
T2 - 596.90
SL - 519.05
Century Tex Bearish abcdCentury Tex Bearish abcd
1 can look too short it at/below 1305 with 1350 as SL
T1 - 1280.5
T2 - 1259.5
T3 - 1238.5
as expiry is approaching
aggressive trader short 1320 CE CMP = 16 so profit 16.6*250=8800 if stock stays below 1320
conservative trader short 1350 CE CMP = 7 so profit 5.5*250=3850 if stock stays below 1350
Tech Mahindra Bearish ABCDTech Mahindra Bearish ABCD
Short below 486 with SL at 503
T1 - 483
T2 - 477.55
T3 - 471.8
T4 - 463.5
BPCL @ 61.8% of Fibonacci support. Waiting for green candleNSE:BPCL Daily chart. C wave seems to be touching 61.8% Retrace of Fibo. If green candle at this level & stock crosses above 530 on daily candle closing basis it may touch 580 by December 10. Stop below C level = 490. Go long only if long bullish candle at this level. If C level breaks, Trade level becomes invalidated. (bcz 78.6% retrace is not trustworthy) ..
Ultratech Cem, Weekly AB=CD in process. NSE:ULTRACEMCO Weekly Chart. AB=CD in process. Stock above safe buy zone. But seeing the previous wave this trade seems risky. Enter with small quantity. Stop loss below C zone (3783). Target D level = 5200+ By end of Feb 2018.
Torrent Power Bearish ABCDTorrent Power Bearish ABCD
RSI is into overbought condition with a red candle & a doji in uptrend with our Bearish ABCD
Short Below 261 with 280 as SL
T1 - 255.5
T2 - 242
T3 - 231
T4 - 220
NIFTY 500, May reverse from 161.8% Fibo Extension (9500)NSE:CNX500 Monthly Chart: Nifty 500 may touch 161.8% of Fibo = 9500 or it may just reverse from current "D" zone of AB=CD. Price action (Candlestick pattern etc) to be watched closely. First support 7500. Next resistance (200% Fibo Extension) @ 10800. This level comes to play only if Nifty 500 crosses 9500 & holds for a month.
Escorts bearish abcdEscorts bearish abcd
show below 712 with 735 as SL
T1 - 704
T2 - 685
T3 - 668.5
Aggressive trader short 720 CE at 6rs profit = 6600 if escorts stays below 720 on expiry
conservative trader short 740 CE at 3.10rs profit = 3410 if escorts stays below 740 on expiry
Tata Chem, Weekly: Probably it will test "B" zone = 585/600 NSE:TATACHEM Stock facing resistance after reaching 161.8% Fibo extension. Price action also suggests reversal on the cards. It may test "B" zone = 585/600 Levels. Stop above 780.
Hero Moto: Weeky, Facing resistance near D zone of AB=CD patternNSE:HEROMOTOCO Weekly Chart: Hero just tested the 'D' level of AB=CD pattern (= 4100 zone) & facing resistance. Stock likely to test 0.618 of Fibo = 3236 level (Marked with white arrow). Bias remains bearish, But not safe to short as Risk Reward Ratio is not good here.
Century Textile & Ind Bearish ABCDCentury Textile & Ind Bearish ABCD
Short below 1342 with 1385 as SL
T1 - 1133.5
T2 - 1302.25
T3 - 1277
T4 - 1251.75
T5 - 1216
DEEP IND @ Monthly support zone & B level of AB = CD pattern. r After touching D zone, failed to trade above 161.8% Fibo extension. Now finding support near "B" zone = 215. Watching price action closely. No trade as of now.
Century Tex - Bearish AB = CD + Pin barNSE:CENTURYTEX has formed perfect bearish AB = CD setup + Bearish hammer setup
Short below 1342
T1 - 1294
T2 - 1235
SL - 1400
ONGC Bearish BatONGC Bearish Bat
Short below 187.5 with 195 as SL
T1 - 185.5
T2 - 180
T3 - 175
T4 - 170.3
Crude Oil near "D" zone of AB=CD pattern. NYMEX:CL1! CL Near "D" zone of AB=CD pattern. 161.8% Extension of Fibonacci is @ $ 55+. Watching price action closely for any short trade. Next resistance (If breaks this level) @ $58. First immediate target would be $ 50 (i.e "B" level), If price action says to short.
Bitcoin Near end of AB=CD pattern, Watching price action closelyCOINBASE:BTCUSD AB=CD pattern is almost done in BTC/USD in daily candles. $6300 area is where "D" wave ends. But BTC may see 1.618% extension of Fibo i.e near 6800+. Satying neutral here & just watching price action @ these levels. Next immediate resistance is 8000 (2.0 of Fibo ext).
