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AB=CD

Reliance Industries price action analysisReliance Industries is currently trading at the potential reversal zone (PRZ)/supply zone set by the XABCD Bearish Bat Pattern. In the past after reaching the supply zone, it got corrected until 0.618 Fibonacci retracementent of CD. After a good correction, it is trading now near the supply zone. Since it touched the all-time highs, it never had closed above the supply zone. A daily or weekly(safe) close above 2275 could give a boost until 2307. Sustaining above this supply zone, the price may reach the 2382 level. Go long above 2275 and start booking your profits from 2307-2382 for a safe setup. Place Stoploss at 2256. Happy trading :) This is not an investment idea. Please consult your financial advisor before investing.
NSE:RELIANCELong
by Sanjan91
TRADE SETUP WITH ABCD PATTERN. GET YOUR SWINGS RIGHT. NIFTY50This tutorial is on the ABCD pattern and the instrument used here is Nifty 50. ABCD patterns are harmonics patterns from which swings lows and swing highs can be forecasted. The present situation is a bearish ABCD pattern. Each point denotes endpoints of the swings. A, B and C denote known swing points whereas D denotes the new swing high. The trade setup is explained on the chart for both longs and shorts. On breakout of point B, a swing high is taken out and point D would be our new swing high or it might be in the PRZ. For shorts, directly you could open a position at point D but confirmation is breaking off the trendline in the shorter timeframe. The profit-taking for the short position will be at 0.382-0.618 fib retracements of CD. The price bounced off from the 0.618 fib retracement. Harmonic patterns give us decent risk-reward ratios for the trades. Practicing these and getting the logic would make us a lot better. You can check out my ideas where I often use harmonics to analyze and give a trade setup. This is just an educational post. Going long and short immediately could not be practical at all times. :)
NSE:NIFTYEducation
by Sanjan91
BANK NIFTY TARGET PRICE LEVELSBank nifty showed a fantastic rally after breaking the 36100 price level. If it continues to sustain above 36300, then go long. Target 1 is given by AB=CD pattern with 2 as fib extension. If bank nifty manages above target 1 then trail stop loss until target 3. Targets 2 and 3 are in the PRZ, so book your profits timely. Above this PRZ, there will be another rally with shorts covering but considering today's rally, the index may undergo consolidation or correction. Place stop loss at 36134 price level. The logic for the stop loss is simple, 36100 was a strong resistance level. Now it became a support level. Happy trading :) This is not an investment idea. Please consult your financial advisor before investing.
NSE:BANKNIFTYLong
by Sanjan91
Bank Of Barodaa Buy At CMPBuy At cmp Stop Loss71.65(CLOSING BASIS) HEY TRADERS, THIS PREDICTION IS BASED ON A HARMONIC PATTERN AND THE HARMONIC PATTERN IS 100% ACCURATE AND10000% RISKY BECAUSE IT IS AGAINST THE TREND METHOD... HOPE YOU ALL FIND SOME VALUE Here...SO, DON'T FORGET TO LIKE AND SHARE THIS POST. DON'T FORGET TO SUBSCRIBE. COMMENTS WRITE DOWN BELOW OF THIS Chart... THANK YOU... ~Disclaimer: "I Am Not Sebi Registered Advisor" All views and charts shared in this terminal are purely for knowledge and information purposes only.
NSE:BANKBARODALong
by ashish_2108
3
TRANGLE & ELLIOTE WAVE PATTERN IN SNOWMAN LOGESTICS 16.08.21BUY : 45 TARGET : 89 TO 109 Reason For Buying This Script : In this script it forming triangle pattern & Elliott wave in monthly time frame. But still triangle pattern is not broken. Aggressive trader can take the trade before the breakout or else wait for breakout. Don't miss this 105% profit opportunity. Note : Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve the target. ALL THE BEST ..
NSE:SNOWMANLong
by dayanithi555
1
TWO BEARISH PATTERN IN SILVER MICRO IN BULLISH TRENDRisky Bearish pattern in Silver Micro If BEARISH ABCD SELL ACTIVATED AT EXACTLY 70107 AT EXACTLY VERTICLE RED LINE, IT IS VALID SELL CAN ADD MORE AT RED HORIZONTAL LINE MENTIONED ABOVE ABCD SELL AND SL MARKED IN BLACK TARGETS MENTIONED IN BLUE LINE ************************************************* If BEARISH CYPER activated at 69342 at anytime I will take entry with SL MARKED IN BLACK FOR TARGETS mentioned after BLUE HORIZONTAL LINE
MCX:SILVERMIC1!Short
by Elango-ragavan