Yes ! Nifty gonna be a test match which is going to test your patience in coming days. Markets opened already, but I'm not altering the analysis which I did for the day, posting it out as it is I did in the morning,No Changes. Hey Guys, Note - this is not single day post, Refer this for coming days probably next 3-5 days. It will be valid for 3-5...
It is been observed that the price action is trending down as it makes Lower High (LH) and Lower Lows (LL) sequence, indicating a down trend is continuation. Now, the price action breaks and close below crucial support levels of 1055 which indicates further move down to the next support levels at 1033-1030. It is also to be noted that the price action is in...
It is been observed that the price action forming a bullish ABCD pattern, indicating further move up. It has retraced to 23.6% levels and now it shall further move up to 38.2% levels. Target: 3482 Stoploss: 3375
A-B-C-D nearing completion at 460. good time to start accumulating from a year's perspective. stop-loss 433 (closing basis)
Brother's have similar characteristics, rarely they move in opposite direction depending on personal situations. Yes, Nifty & BankNifty only, as of now by looking at 15 min chart with ABCD completion & channeling, Banknifty is similar to previous post on its big brother Nifty. Though ABCD pattern completed earlier, Targets are not achieved yet & its ranging...
Another Beautiful Morning, Another Analysis,Another Pattern but same idea which we are telling for ages - " Nifty Down Down ". As expected we got into the muddy area, its gonna be really sticky mess in the 50 points range on either side of 8500's. Only a swift move from Nifty can take us out of this zone. I'm not sure why, I don't get the feeling that we will get...
LOOKING AT THE DAILY CHART LOOKS LIKE BANKNIFTY GOING FOR LEG D OF HARMONIC ABCD BELOW SUPPORT 19100 SPOT WHICH EXTEND CORRECTION TILL 161.8% OF POINT A @18550 WHICH ALSO IMP SUPPORT ZONE
LOOKING AT THE NIFTY DAILY CHART LOOKS LIKE NIFTY GOING FOR LEG D BELOW TL SUPPORT 8590 SPOT FOR POINT D @ 8400 WHICH IS EXTENSION 0F 161.8% OF POINT A . POINT D ALSO HAVING GOOD TL SUPPORT
Seems like an opportunity for around next week time. ** Educational Purpose Only**
After the price action broke out from a channel breakout and descending triangle as marked in purple and blue respectively. Now the price action went down to 46 levels where it completes a Bullish ABCD Pattern. Now the price action shall move towards 50 levels which is a 38.2 retracement level of A-D leg of the said pattern. Target: 50.10 Stoploss: 46 Risk Reward: 1:3
In this Educational post, I will be sharing the most basic and simple harmonic pattern: AB=CD Pattern 1. Formation of the Pattern 2. What to look in the pattern 3. Targets 4. Stoploss 5. Risk This is a new series of Harmonic Patterns, where I shall be discussing about the below patterns: 1. AB=CD Pattern 2. Gartley Pattern 3. Cypher Pattern 4. Bat Pattern 5....
Even I'm wondering how I get these title's in minutes. ok, lets not boast so back to analysis of Nifty ! So what are the components of today's chart ? We got, (i) Bullish Gartley - The Gladiator (ii) Bullish ABCD completion (iii) Elliot wave counts (iv) Trendline in Support zone We have the Gartley & ABCD pattern completion in our support zone 8500's (approx.)...
Banknifty last week hit trailing stops and I exited my positions for breakeven, booked 50% only on 1st Target. So its a ok-ok trade only.No we have potential bat pattern completion & ABCD pattern completion around same zone in BankNifty, so guys when 19250's are reached be vigilant. Another thing Banknifty is not like usual stocks which trades in 100's, we are...
We have resistance zone in Reliance from 1067's to 1075's, and in the same area we have bearish gartley completion along with ABCD completion. As mentioned in chart itself, it just increases our confidence or to validate setup ( our direction of trade). But that wo't give assurance that it will be successful trade in Reliance. Happy Trading !
Welcome Monday ! We are ready... Today we have simple ABCD trade setup bcos the Nifty move is yet to complete and with initial look itself we can predict we have support zone for Nifty created by Gaps. Even if Gap down happens today, I hope that will be in previous Gap Zone 8850's -8820's. Check with few fib ratio's over AB leg, ext. fall within zone. So if we...
The structure of Bearish Gartley (marked blue) and Bearish AB=CD (marked green) suggests an end of honeymoon period for bulls. With ECB meeting scheduled today and INDEX:DAX trading around 10,750, there can be short opportunity in the range of 10,800-10,950 for the target of 9,300-8,800 with the stop loss of 11,500.
From Jan 2016 till Aug 2016, the price action is in a correction phase. Now it has formed a Bullish AB=CD Pattern which also represents a zig zag pattern as per the Elliott Waves Principles. This indicates a short term bullish trend reversal with targets as below Target 1 (0.236) - 432 Target 2 (0.382) - 461 Target 3 (0.618) - 610 Stoploss: 380
Here we have potential ABCD completion around 66.1's in USDINR but it will happen only after the support at 66.5's takenout. As of now I expect USDINR will move little up to 66.85's before starting its downward move. Incase the resistance is taken out, we need to decide based on what happens after that. Hit Like button to keep me motivated to post more...