Bank nifty is near its swing high, it may take a correction or take out the supply zone with the short covering moves. Here we analyze the PSU bank index, Private bank index, and ICICI bank to see what could be the scenario on Monday. Today, we have ICICI bank's results which decide the Bank Nifty's run. In the above image of the PSU bank index, we can see...
Here's the Bitcoin Usdt Perpetual weekly timeframe chart analysis. As the price is near the PRZ/supply zone set by the ABCD pattern, price action also seems to form a shooting star at the top of the supply zone. This could be an early sign of exhaustion in the momentum and the price may correct further until the 53k-51k before another rally. However, if the...
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Krsnaa diagnostics price needs to sustain 862 to prevent further breakdown. If price action shows us any signs of bottoming at this level, buy. if the price somehow reaches the demand zone created by the ABCD patterns, then buy the stock. The targets are mentioned on the chart with the help of the XABCD bat pattern. The stop loss will be as per your risk...
The hind copper stock price has been falling heavily since it reached the ATH mark. However, the time has come to buy the stock based on the following reasons. 1) The demand zone is created by the ABCD pattern 2.24 and 2.414, the price bounced off this zone with huge volumes. 2) The price is near the 200EMA line, which is 117.17 currently. 3)The RSI is making...
share name : mother sumu system call type : poistional - high of 2017 (263 rs) is acting as a huge res. - cup and handle pattern - a doji can been seen on top - exhaustion gap on top - ab=cd forming if price comes, we can initate a buying at price - 170 rs with sl of sl 150 approchable target 450
Kotak bank has took out the strongest supply zone and also broke the previous swing high with good volumes. The harmonic ABCD pattern gives us the targets of the next swing high. If these targets are taken out, the AB=CD pattern gives us the fib ratios until 3.618 when the AC is around 0.384 AB. So there is a lot fuel left for the rally which could lift the Bank...
SBI has broken out of the ascending triangle and also broke a strong supply zone. The price broke the supply zone and a pullback has been seen. The price took the support of the zone and the trendline successfully. The target is the height of the ascending triangle above the breakout level. So, it comes out to be around 540. Stop loss must be placed below...
BUY : 515 TO 525 TARGET : 691 TO 810 Reason For Buying This Script : In this script it is forming inverted head & shoulder patter in monthly time frame . Now the price is in right shoulder. Try to accumulate every dip. Don't miss this opportunity. Note : Above given levels are based on monthly & weekly time frame . So be patience it will take some days...
The Reciprocal ABCD pattern formed demand zone has been respected by the market until now. See until the day's end, if this zone is broken, then you can expect a major fall. I will attach a similar idea on the DJI futures chart here. Please look at both of them to make a decision. Don't just carry a short position beyond today's trading session. Wait for...
This is just a brief idea of what could happen in the week. If any positive news from the FED, the markets could take a nice bullish reversal. Don't carry any short positions just yet. Because shorting from here has very less risk-reward ratio. The harmonics work better when the RSI also concurs. The bullish ABCD pattern when the RSI indicating...
Coal India stock price has shown a nice rise of 6.39% today with good volumes. The price was trading in a falling channel, the price broke above the ABCD pattern's resistance level. This is a break-out level. The price is currently at a rejection point from where the massive fall in price had occurred in the past. It is important for the price to sustain above...
Multiple bearish harmonic pattern formation on weekly time frame with bearish divergence on rsi and macd indicators,, prz levels of both pattern confluence around same levels,, counter have achieved the maturity levels of patterns,, waiting for reversal bearish candle on 60 mins and 240 mins,, once the confirmation is done,, expecting a fall of 7-10-15% in...
If Day closing below 40990 38330 & 36732 are upcoming Targets
Nifty has bounced off from the above supply turned demand zone and then closed below this zone. As observed, the price took a stop at 3.618 retracement of ABCD pattern. But looking at the DJI index, nifty is likely to open with a gap down. Here, 17400,17300, and 17200 have a good OI on the put side, meaning they are good supports. This has to be interpreted in...
NMDC forming ABCD pattern...once its break it will reach 190-200 in midterm, Keep SL 145 at D candle closing basis... BUY ABOVE 160 Only
Sea pony and Sea horse pattern is observed in Nifty. The target and stop loss levels are mentioned on the chart. Happy trading :) This is just for educational purposes.
Bharaforge potential reversal zone 778-80 can test 800 .....view negated below 770 DAILY CLOSE Thanks Jigar Pateel 8898030401