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
AB=CD
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.
Mothersumi Bearish ABCDMothersumi Bearish ABCD
short at/below 348 with 362 SL
T1 - 342.40
T2 - 336.52
T3 - 330.65
LIC Housing Fin. ABCD Pattern may commence once Weekly chart. ABCD in process. retrace (B to C wave) shot lil below 38.2% (Fibo Drawn from right to left). So not a perfect ABCD. Once the resistance breaks (721) one can buy for 910+ as target. Second target 970+. Stop (Exit) level below "C" wave = 600 on weekly candle closing basis. Time frame 4 to 5 months.