ICICI Bank Harmonic BAT Pattern activatedICICI Bank Harmonic BAT Pattern activated.
Buy above 778
SL 768
TGT 849
Note: Analysis is for educational purpose only
Bat
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.
RAIN - Bearish Harmonic - BAT PatternRAIN - Bearish Harmonic - BAT Pattern
CMP : 239.80
PRZ : 248.60 to 2511.80
View will be negated below 255
Disclaimer : This idea is only for education purpose, Pls consult your financial advisor
We are not Sebi registered.
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#HINDUNILVR - Bullish harmonics on Weekly time frame#HINDUNILVR - Bullish harmonics on Weekly time frame, we may see a good up move.
AXIS BANKExpecting a sideways trend for few days in the range of 706- 670. 616 is the major support zone. Above 727 we could be able to see a major upmove in axis bank.
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!
BATUnlike 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 bearish signal. The confirmation of rising wedge would be 4 touches on both the red lines.
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!
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JUSTDIAL - Bullish BatEntry Price - 790.40
Stop Loss - 727.8
Target - 1030.95
Note: For Educational Purpose Only
44000 coming soon
Double bottom structure, breakout can see next levels 41500 / 44000
Bullish BAMM Harmonics:
Bearish Bat minimum Target 41500+
Bearish Crab minimum Target 44000+
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.
Nifty in Buy the Dip Zone
Nifty showing Bullish Bat in 1 hour chart . Good zone to plan long Trades.
For this analysis to hold true Nifty should not break 17450 levels.
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.
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.
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.
BTC USD PRICE ACTION ANALYSIS. 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.
JKLAKHMI - Bullish BATEntry Price = 617.8
Stop Loss = 575.3
Target = 740.45
For Education Purpose Only
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.
BIRLA CORP PRICE ACTION ANALYSISBirla corporation's stock price is near the supply zone. If the price falls from here, go long at the demand zone and if the price manages to break the supply zone, go for a momentum trade position.
The bullish bat pattern sets the demand zone and below this demand zone, a huge fall could come. Below the demand zone, the downtrend will be confirmed because it has already broken the trendline.
The target and stop-loss levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
KRSNAA DIAGNOSTICS PRICE ACTION ANALYSIS AND TARGETSKrsnaa diagnostics price needs to sustain 862 to prevent further breakdown.
If price action shows us any signs of bottoming at this level, buy.
if the price somehow reaches the demand zone created by the ABCD patterns, then buy the stock.
The targets are mentioned on the chart with the help of the XABCD bat pattern.
The stop loss will be as per your risk appetite.
Happy trading :)
This is just for educational purposes.
TATA STEEL SHOWING A BREAK OUT SIGN!Tata steel stock price has fallen in recent times. However, the price is showing bullish signs now. The volumes are increasing and the price is nearing a breakout. The overall metal index showed a bullish sign.
The XABCD bat pattern sets a supply zone/ PRZ which has to be taken out to make a new all-time high.
Start booking the profits from the supply zone and trail until the all-time high is broken. The short-covering moves can take the price to the ultimate target set by the XABCD bearish crab pattern.
The breakout, stop-loss, and target levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
