Bat
AMARAJABAT: 12-APRIL-2020AMARAJABAT: 12-APRIL-2020
CMP: 520
Sell: 518-537
Targets: 496,467
Stop loss:543.10 (15min candle close)
Nifty - BankNifty - USDINR - DOWDOW
Monthly Kijun has always been held since the Sub-Prime lows. If 25600-24800 gives way then 22700 would become a possible target
USD INR
Monthly has made a Bearish Harmonic AB=CD.
Weekly has done its minimum Dragon target, further sustaining above 74.75 would take it to 77 to complete its next Dragon target
Daily has also made a Bearish Harmonic AB=CD. Ideally sustaining below 74.25 would trigger a decline
BANK NIFTY
Monthly Kijun 28100-27400 crucial for upside.
Weekly has made a Bullish Harmonic Reciprocal AB=CD also, if that fails to hold then 26500 would become a possible target.
Daily has made a Bullish Harmonic Bat at FRI low
NIFTY
Monthly 1st support at FRI low if breached again then 10550 resistance 11200
Weekly 10850 needs to be held on closing basis else it opens for 10550 and then 9800. It also has a Bullish Reciprocal AB=CD at 10800-10750.
Daily has made a Bullish Harmonic Bat at FRI low.
For it to start reversing and moving up it needs to get above the following resistance lines 11050 / 11200 / 11500