ADANI ENTERPRISESIt has made a Bearish Harmonic Alt Shark in hourly time frame. If it fails to go above 218 it could retrace to 205-200
Altshark
NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
BELIt has completed its Bullish Harmonic Alt Shark and is showing signs of reversal. A bounce back till 108-110 is possible provided it does not go below 99
Godrej ConsumerIt has made a bearish harmonic Alt Shark and an Evening Star Doji. A pullback till 675-650 is probable. A weekly close below 715 would be ideal. View negates above 735
RelianceIt has bearish Harmonic Pattern PRZ levels between 1320-1345 > AB=CD & Alt Shark at 1320 and Gartley at 1345. As per Ichimoku also it faces resistance in this zone. A pullback till 1250 is probable. View negates above 1360
RAYMOND LONGNSE:RAYMOND
Only for education and information purpose. Should not be taken as a trading call
we can go long at the marked D point lets see how the market behaves
CHART BY HARMONIC LEARNING AND EARNING
Bearish Alt Shark - INFY - 4Hr Bearish Alt Shark - INFY - 4Hr
PRZ: 761-762
SL: 767
TGT: 745, 736
12-06-2019
Bullish Bat/Alt Shark - STAR - 4hr Bullish Bat/Alt Shark - STAR - 4hr
PRZ: 405-407/398-400
SL: 398/392
TGT: 414, 418/408, 413
06-06-2019
