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
AB=CD
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
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).
Mindtree Bearish Crab/deep crabMindtree Bearish Crab/deep crab
as it has filled the gap
and now started falling
with doji on up trend and then red candle breching doji with another red candle
1 can look too short it at/below 496 with 508 as SL
T1 - 491
T2 - 481
T3 - 473
T4 - 465
T5 - 454
as expiry is approaching
agrresive trader short 510 CE CMP = 5 so profit 5*1200=6000 if stock stays below 510
conservative trader short 520 CE CMP = 2.8 so profit 2.8*1200=3360 if stock stays below 520
a bearish AB=CD short idea chennai petroa bearish ab=cd harmonic pattern has been formed
a short idea can be initated at entry price of 442.85 with first target of 426.85 fib retracement of .382 and 2nd target of 409.85 fib retracement of .618
a option idea can also be taken by selling 480ce at 10.10 and 400pe at 5.30
Sunpharma Bearish abcdSunpharma Bearish abcd
1 can look too short it at/below 538.5 with 550 as SL
T1 - 519
T2 - 508
T3 - 497
T4 - 481.5
as expiry is approaching
agrresive trader short 540 CE CMP = 5 so profit 5*800=4000 if stock stays below 540
conservative trader short 560 CE CMP = 2.8 so profit 2.8*800=2240 if stock stays below 560
Mindtree bearish bat/crabMindtree bearish bat/crab
490 seems big resistance with big selling pressure
Short at 475.85 or below with 497 SL
T1 - 460.73
T2 - 451.1
Ashok Leyland Bearish ABCDAshok Leyland Bearish ABCD
1 can look too short it at/below 128 with 132 as SL
T1 - 124
T2 - 119
T3 - 115.5
T4 - 112
as expiry is approaching
agrresive trader short 130 CE CMP = 1.4 so profit 2.8*2500=9800 if stock stays below 130
conservative trader short 135 CE CMP = 0.35 so profit 1.5*2500=2450 if stock stays below 135
RELCAPITAL Falling after ABCD pattern. NSE:RELCAPITAL ABCD Pattern done, Stock touched 161.8% of fibo (725). now stock just hovering around "B" level aka 540/550. 495 & 440 is next support zone. Watching price action (Bullish candle etc) here. Neutral as of now.