Hindzinc has formed bearish AB=CD at its crucial 6 months resistance level. One can short it below 319.50 T1 - 308 T2 - 302.85 SL - 330
Mindtree 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
Kotak Bank Bearish ABCD Short below 1070 with 1100 SL T1 - 1046 T2 - 1030 T3 - 1014
Ashok 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
....... Detailed mentioned on Chart. DIWALI to DIWALI INVESTMENT. LONG @ 129 - @ 133 range for Expected 30%+ Yearly return. Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
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.
Axis Bank Bearish Butterfly there are 2 trades one short at 521.70 at completion of our abcd with 536 as SL and target 506 two short below todays candle at 513 with 522 as SL & target 498
Reliance Bearish ABCD it made shooting star and red doji in 2 days seems like people dint like results lets go short at/below previous 2 candles close 875 with 895 SL T1 - 862 T2 - 843.5 T3 - 825.5 T4 - 813.5
Bank India Gartley Long at/above 132.1 at completion of our ABCD with SL 127 T1 - 142.85 T2 - 152 -0.13% .3 another trade is long above 137 with 131 SL and 142 as target
Mothersumi Bearish ABCD short at/below 348 with 362 SL T1 - 342.40 T2 - 336.52 T3 - 330.65
NSE:ICICIBANK is at its crucial support and had formed a bullish harmonic pattern. Go long above 274.50 T1 - 284 T2 - 295 SL - 260
Escorts Bearish ABCD Short Above 707 with 720 SL T1 - 686 T2 - 670
Bank Nifty Monthly completing AB = CD. Staying neutral as of now. Will watch price action. 161.8% Extension is near 27000. 200% Extension is above 31,000+. Any fall after or Near "D" zone may be fatal. First target 21000 in that case. Not to trade. Just to learn.
NIFTY Weekly chart. "D" zone touched. Price struggling at 10160/10180 i.e 161.8% of fibo Extension. Once that level taken out by good bullish candle, Next resistance near 11000 (200% of Fibo extension). Price action here is the key.
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.
...... All mentioned on Chart. Parameters of Ichimoku personalized.
Tata Chemical Bearish ABCD Short Above 696 with 712 SL T1 - 673.63 T2 - 651 T3 - 635.20
HCL Tech made Berish ABCD Short above 906 with 920 as SL T1 = 887.23 T2 = 880.50 T3 = 873.77