Though there is potential chance of pullback in Mindtree upto 445's, chances are bleak. Once the day close below 435 happens, it will race down till 410. Note, how well it aligns with ABCD pattern, when the pattern gets completed in our zone it forms another harmonic pattern around 410 zone. Anyway go down on lesser timeframes & check for potential selling...
(i) RSI overbought (ii) ABCD completion (iii) Check with fibs aligns perfectly as resistance Check your plan before entering the trade :)
Probable down trend for Voltas This analysis is just for study
CD leg is in formation on daily chart of Eicher Motors Ltd. Target prices 25550, 26640 and above.
Hi All , I'm just sharing info on pattern : ABCD pattern where price moves down from A to point B than rises to point C and again falls to point D , AT point D we can look out for potential reversal . 1)Lets say AB is down leg , And BC is retracement which is 0.618 or 0.786 of AB i.e Length or height of BC = ( 0.618 or 0.786 ) x length of...
It is been observed that the price action formed a bearish ABCD harmonic pattern on daily and hourly chart indicating further move down. Target: 500 Stoploss: 520
CD leg is in formation and price might move up to 1545 if steady above 1365 levels. Good to go long above 1365 with target of 1545.
"D" Level done. Price action (Bearish engulfing & Doji at 770/760 levels) suggests bull rally may be over. Seems short below 727 ( 1.414 Extension of Fibo) for the target of 695/625 with the stop loss 757. Time frame 12 to 16 days.
Hello Traders, I have spotted Bullish BAT pattern on NTPC. Potential Reversal Zone (PRZ) is highlighted on the chart. This time, we have little wide PRZ. It is made of 1.27AB, 0.886XA and BC Fibonacci ratio confluence. Once price enters into the PRZ, one can take a long entry. This potential swing trade has a risk/reward ratio of 1:1.4 for Target-1 and 1:2.3 for...
Bearish ABCD formation in Ajanta Pharma might push the price to 1101 level. I would wait further for any long term investment.
Harmonic ABCD pattern is about to complete on Adani Power. An overbought RSI gives us additional confirmation to enter short.
Bearish Gartley and AB=CD are about to complete right at a 1.272 Fib Ext.
ABCD Diamond formation on Sun Pharma and RSI oversold at 1 hr. Trade: Buy above - 635 Target 1 - 643 Target 2 - 650 Stop Loss - 625 Reward Points - 15 Risk Points - 10
Technical Analysis: RSI above 50. MACD on bullish crossover and Histogram on above '0' line. Stochastic on bullish but in overbought level, so may be take some time to make correction. Price lying above the EMA 50 and EMA 5/20 bullish crossover. Trade: Buy above - 631 Target 1 - 637 Target 2 - 642 Stop Loss - 625 Reward Points - ...
ABCD Diamond formation on Sun TV. RSI Overbought condition and it may have correction. Trade: Short Below - 514 Target 1 - 508 Target 2 - 500 Stop Loss - 520 Reward Points - 14 Risk Points - 6
ABCD Diamond formation on ZEEL and price may fall from 0.236 to 0.382 fibo level. Trade: Short below - 458 Target - 453 Stop Loss - 461 Reward Points - 5 Risk Points - 3
It is been observed on the daily chart that the price action reaches to the strong support levels and completed a ABCD bullish pattern. It is indicative of an upward move ahead. It shall reach to 38.2% retracement of A to D leg. Target (1): 18600 Target (2): 19000 Stoploss: 18100