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Chart8: Accumulate Federal Bank for targets of 80/100 plusNSE:FEDERALBNK Trading Idea: Short to Medium term positional Reason: Good cypher pattern close along with good accumulation happened btw 50 to 60 zone in Federal Bank. It is entering into demand zone . Chart Pattern: Harmonic pattern Targets: 80/100 plus Stop Loss: Daily Closing basis 57 Holding Period: 6 Months DISCLAIMER: Trading Ideas are shared for learning and education Purpose Only. Please consult your financial advisors before investing/trading.
NSE:FEDERALBNKLong
by trader_karthik
Strategy : Buy in Dips using Support Zone & EMAIEX is an Indian Company in Power Sector. Recently after forming a Bearish Bat, Share price fell by almost 20% from 303 to 235 The RSI of the company also reached 30 level - Key level for bounce back After taking support at its previous low that is the W pattern low 1 at 236- 232 zone ( purple rectangle in chart ), The share has shown a healthy bounce led by the Bullish Kicker and is trading at 254 now. If it follows the trend of bouncing from EMA 100, one can look for targets at previous Highs of 300 and 317 In a rising market, EMA is a good tool to catch the Dip if price shows a healthy initial bounce. Stop loss at 230 that is previous low will warrant a reward risk ratio of 5:2 The share fundamentals are strong and has a PEG Ratio of 1.8. PEG ratio above 1 is generally considered good. The EPS of the company has been on a rising trend and can be a good long term pick as well. Thanks for reading! I am pretty much self taught in Harmonics, so in case I missed something, let me know in the comments. Note : This is purely for Educational purposes and not to be considered as an Investment Advice.
NSE:IEX
by Aayush_Rungta
24
Where will Hero Motocorp head to ?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 (2700/2750/2781/2830/2875/2900/2950) Scenario 2 : Price below 2635 can go down to 2580/ 2530/2475 Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:HEROMOTOCOLong
by AdhigamaTrading
6
Bajaj Consumer is in sideways and ready for a big moveBajaj 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 happen next : Scenario 1 : Price sustaining above 265 levels can take it to 270/280/290/310/325 levels Scenario 2 : Price break down below 250 or the trend line can take it down to 245/230/220/210/200 levels Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you! Please do like and share this idea. Thanks
NSE:BAJAJCON
by AdhigamaTrading
2
BNB PRICE ACTION ANALYISIS. BEARISH BAT PATTERNBNB 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 confirmation on the breakout. Happy trading :) This is just for educational purposes.
by Sanjan91
BANK NIFTY - BULLISH BAT PATTERN|| DEMAND ZONE|| DAY TFBank 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 at the PRZ of XABCD. Happy trading :) This is just for educational purposes.
NSE:BANKNIFTYLong
by Sanjan91
NIFTY TO 17830 SCENARIO || BULLISH GARTLEY PATTERN|| DAT TFNifty 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, then the fall could be faster till 30. Best setup: Buy at PRZ ( between 17820 and 17720) when the RSI is near 30 or below. Happy trading :) This is just for educational purposes.
NSE:NIFTYLong
by Sanjan91
HERO MOTORCORP - BULLISH ABCD AND BAT PATTERNSHero 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 (2781) Similarly, the ABCD pattern starts to form if the price closes below B (2636), the loop will close at the D (2506). Please understand the logic and trade accordingly. Happy trading :) This is just for educational purposes.
NSE:HEROMOTOCO
by Sanjan91
SOLANA (SOL) USDT PERPERTUAL PRICE ACTION ANALYSISSolana has had a spectacular run in the past 2 weeks. However, the price might correct a bit for a pullback as it is near a supply zone. The XABCD bearish Gartley and Bat patterns had set a supply zone above which the price is struggling to sustain on the weekly chart. As we can see there's a bearish divergence developing on the RSI chart, i.e., the price is making higher highs but RSI is contradicting. The XABCD bearish Crab pattern sets us a target of 278. Trade Setup 1)Buy around 178 and put a stop loss below 137. 2)Buy on a pullback after breaking the supply zone/PRZ. Keep trailing until 278. Expect strong resistance here. Happy trading :) This is just for educational purposes.
Long
by Sanjan91