Disclaimer: Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell. Auropharma Last - 1106 / 1:14 pm / 1st April 2024 After Classic 5 Waves & Stock Topped at 1177 - Last Idea Published on 1st Feb 2024 Stock Dropped to logical support of...
Nifty Is Facing Bearish Momentum since last two weeks. If this momentum continues further then next Probable reversal level for nifty is - 15351 to 15388
JSW Steel on Daily Time Frame has started Reversal from Trendline support and 1.13 ALT BAT Level
Gujrat GAS LTD Currently in Heavy Selling mode. BAT Reversal Levels - 490 to 491 And if Support is Broken then we may get chance near 464 to 466
Idea is valid till the Index holding below 37100. Target - 36242 Avoid Taking Positions If Index crosses & holds above 37100. Thank you for reading. Have a nice weekend.
Bank nifty multiple harmonic pattern formation,, follow the levels mentioned,, index is ready to out perform from nifty,, Good long candidate
The introduction of the index into derivatives has come with a Bearish Alt Bat Harmonic pattern formed in Weekly Time Frame . A daily close below 15475 could lead to long unwinding that might make the index retest 15000 / 14000 . The view would be negated if it breaks above 15700 on hourly closing basis (after activating a down move)
ICICIBANK approaching prz level bearish alt bat harmonic pattern
ALTERNATE BAT Details as below NSE:GRASIM XA - High (836.9) and Low (385.05) AB = .382 of XA BC = .5 of AB CD = 3.618 of bc (844.05) and 1.13 of XA (895.6) Do share your view and correct me if I'm wrong
The Specification of Alt. Bat Patterns are the following: The B point retracement must be a 0.382 retracement. It must have a minimum 2.0BC projection . Requires a 1.618 AB=CD calculation. For the targets, I used a previous important level as 171.8 & 168.9 OR you can also use retracement level to secure your profit.
2.0BC projection more than it. 1.618 AB=CD @ 169.45 1.13 extension is the Potential Reversal Zone. T-Bar should be as per requirement of Alternate Bat Pattern for Reversal at 172.75/174.4. The expected fall can below 169.3.
The price will move upwards towards the PRZ area where I can expect selling pressure and price can fall up-to 38.2 or 61.8%. Let's watch for the Terminal Bar near the PRZ area to execute the trade.
Buy Above 337 or Buy close to 331.50 in 332 to 333 zone with strict stops below 331 if buying close for Targets - 341 & 347
Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
Based on harmonics...M&M short..... Do your own analysis...before taking trade