Where will Hero Motocorp head to ?
Reasons/Traits :
• Bullish Bat Harmonic Pattern formation is seen
• RSI/MACD are ready for up move, yet to confirm
• Price is way below 13,50 and 200 EMA
• Recent swing low matched with earlier lower low (important level for support)
What can happen next :
Scenario 1 : Price can move up to complete bullish bat harmonic pattern...
Bajaj Consumer is in sideways and ready for a big move
Reasons/Traits :
• Bearish Bat harmonic pattern is forming (gets activated if price goes and stays above 265
• Price is in sideways since few weeks
• Price is revolving around 13/20/50/200 EMA
• Big movement can be expected from stock which are in sideways since long and hovering around all EMA’s
What can...
Unlike Bitcoin, BAT is bullish right now. It may be due to the Web 3.0 FOMO. The Web 3.0 is a trending topic and BAT is one of the projects of Web 3.0
Currently, it is making new highs and lows in a rising wedge chart pattern. It might go for another high around 2 USDT. You can hold it further too, as the fundamentals are strong. But, the rising wedge is one...
BNB is nearing a supply zone/PRZ. It could retrace onto the support trendline before breaking the all-time high.
Observe the price action if the price corrects from the supply zone bounces off the trendline. Buying can be done at the trendline or near 510.
The 640-695 zone could be a very tough zone to break and a false breakout might happen, get the volume...
Nifty could fall more if the price manages to close 17968 in day basis.
The breakout below 17968 could trigger a fall up to 17820 and then a sharp reversal can be seen.
The bounce could be up to 18150 from 17820.
Below the 17820 levels, the long unwinding may start. This should be the stoploss for longs.
Keep in mind, the RSI is at 50, if RSI falls below 50,...
Bank Nifty is forming a XABCD bullish bat pattern. This pattern gives us a demand zone or a potential reversal zone from where the downtrend may reverse.
Buy bank nifty between 39850-39550
Stoploss 39290, below this level we may witness long unwinding as well.
If the RSI crosses below 50, the fall could be quicker until 30.
Best setup: RSI 30-20 and the price...
Hero Motorcorp is at an important demand zone. If the price bounces off of this zone, then consider taking a long position.
However, due to bad results if the price manages to slip below the demand zone, then open a short position.
The XABCD Bat pattern is already activated, if the price manages to stay above the demand zone, then we could see target B...
BTC is falling but a quick update up to where the fall could be.
The first bounce will be at 55k and it goes to test 60k levels again.
This might form a XABCD bullish bat pattern. Below this, the price could go to test the 52k-50k levels.
Happy trading :)
This is just for educational purposes.
