Points in favor of the bears... 1. A perfect rounding top in formation 2.Rsi divergence at the top 3.A bearish ABCD harmonic 4.Trendline broken after many years Points in favor of the bulls.. 1.Ichimoku cloud has reflected the price upward 2.Bullish CD leg of the Bearish ABCD harmonic is still left to be completed 3.Price action is well above the neck line of...
short at cmp to 0.382 retracement likely on the back of a gross price momentum divergence
abcd pattern failed with reversal from 0.886 level, together with rsi divergence on the back of a double top , the long term and shoer term levels of 0.382AB and 0.618 from the longer term fibo retracement, logics my short...
this is study chart. The retracement B-C couldn't cross 50% so there is opportunity to say it will continue downward and finish CD. probably becomes sell on rise candidate on crossing 534 close.
AMARAJABAT has been moving in a down channel more than two years. Making Couple of head & Shoulders. Also, interestingly all the H&S moves are AB=CD Lets see if it continues to do so. Less Clutter-->
.......... Detailed plotted & mentioned on chart. Bullish AB = CD Pattern, Possible Min. Upside point "C" Trade as per Specified level with description. Don't forget to Click / Tap LIKE button, as Like is Barometer of Usefulness. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
The stock was in downtrend has given breakout from descending Triangle pattern. Price made a strong Bullish Three Line Strike which is a reliable pattern that too is at the Price Reversal Zone of AB = CD harmonic pattern . The reversal got resisted at the previous support line and affected by volatile budget session. Let's put it into watch list and observe the...
Looks like a completion of a cypher pattern. Although the risk reward looks like a 1:1 may lead to a profitable trade because of a strong resistance pushing it down. Looking for Target 01 in the short term...
NSE: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.
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
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.
Completed the BAT pattern on 15min chart. Hopefully hits the Target 01 and Target 02 respectively.
NSE: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 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 ABCD Short below 486 with SL at 503 T1 - 483 T2 - 477.55 T3 - 471.8 T4 - 463.5
NSE: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) ..
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 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