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 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
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.
Century Textile & Ind Bearish ABCD Short below 1342 with 1385 as SL T1 - 1133.5 T2 - 1302.25 T3 - 1277 T4 - 1251.75 T5 - 1216
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.
NSE:CENTURYTEX has formed perfect bearish AB = CD setup + Bearish hammer setup Short below 1342 T1 - 1294 T2 - 1235 SL - 1400
ONGC Bearish Bat Short below 187.5 with 195 as SL T1 - 185.5 T2 - 180 T3 - 175 T4 - 170.3
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.
COINBASE: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 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...
a 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
Havells Bearish abcd 1 can look too short it at/below 542 with 555 as SL T1 - 530 T2 - 515.5 T3 - 504 T4 - 492
Sun Pharma Bearish ABCD Short below 535 & SL 555 T1 - 519 T2 - 508 T3 - 497 T4 - 481
Sunpharma 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
Lupin Bearish ABCD Short Above 1069 with 1082 as SL T1 - 1044.85 T2 - 1028.67
JSW Energy Bearish ABCD Short below yesterday's candle low at 79 with 83.5 SL T1 - 74.63 T2 - 72.6 T3 - 69.72