Bearish Shark
Nifty 50 Harmonic Shark Pattern14255 level in Nifty Index is Support as per Cypher Model but this ref point may not be valid because the recent high is not valid as per the pattern rules for 0.082%.
I have shifted to Shark Pattern which shows a much deep Price Reversal zone which has to be compatible with different levels the level is 13889 to 13854.
JINDAL STEEL good short candidate.Jindal Steel Good short candidate.
Bearish SHARK pattern formation.
PRZ zone in range 270-285
SLZ zone above 295
T-bar already formed and gave reversal,, now is sell on rise candidate,,
Best range to go short is 270 to 285,,
Rising wedge formation,, currently counter is trading around resistance line of rising contracting wedge ,,
RSI divergence seen in last 2 swing peaks.. Bearish divergence.
Sunpharma sell sell sell!!!Currently wandering in key resistance area
Bearish engulfing candle stick
Bearish Shark pattern completed
Black box is probable reverse zone
Price rejection indicated by candle pattern
Short
Currently at channel support so could wait for sometime for better entry ,don't jump into trade ,still support is not strong enough...
NiftyAs expected now trading at the upper end of the range. In hourly time frame it has entered into a Bearish Harmonic Pattern Shark prz. As per Ichimoku also its currently at both hourly and weekly resistance. A retest of yesterday's low near 11200 is probable. View would negate if it sustains above 11425.
INDIABULLS HOUSING FIN, SHORTNSE:IBULHSGFIN
BEARISH SHARK INDIA BULLS HOUSING 727.35 @ 7/7/19
PRZ 771 TO 773 SL 802 T1 747 T2 712
CHART BY HARMONIC LEARNING AND EARNING
Shark Pattern in Making Bearish Shark Pattern is being formed on the daily chart of RBL Bank . Leg XA, AB & BC is already formed and leg CD is in formation. expecting to move towards 670 level , before start of downward movement.
Please add comments if you like the analysis.
Declaimer : it is for education purpose only.
Nifty : Can Shark's topple Nifty Bull-Ship ?!Thank God, there is no typo in the Title I gave. A typo in the title might have looked bad, if you know what I mean !
Here is the plan guys, there will be 2 back-to-back Nifty charts (1) one on 15 min timeframe (2) other will be on 4hr timeframe. If you look at the chart above there is trendlines, Flag & Shark pattern. I don't trade sharks usually more often they attack us & stops out the trade. But, we have Flag pattern, actually if you zoom around it doesn't look like flag, so lets name it as channel ( dark yellow channel ). We are looking for simple breakout on anyside to enter the trade in Nifty. We may see breach of trendline if Bearish shark is forming, bcos sharks end above X, bcos of this uncertain completion of sharks , I don't trade them often but only on reversal confirmation.
Two scenario's :
(i) If channel breaks upside aim for targets around blue trendline 8730's, depending on price action around the trendline we will decide further move but book initial profits around the blue line
(a) Yes, sub-division of above scenario, Feels like I'm writing some answer script ;) - If the breakout of channel happens upside & bearish reversal happens around the trendline - initiate short positions in Nifty. Only on valid bearish confirmation we should enter short positions.
(b) If incase Nifty goes against us & 8730's breached to upside then next resistance is 8780's-8800's.
(ii) If the channel breaks downside target 8610's zone, that will be meagre points only & Nifty will bounce back little after reaching there.
These won't happen 2mrw itself over the next two days & go in with proper stops, false breakouts are not out of equation & I haven't considered Gap scenario's here. But if you ask my opinion an upside breakout of channel & Sharks toppling Nifty Bull-ship will be good, but let;s see guys. I will post out 4hr charts in sometime, will add that link below in comment, that will give you another perspective of Nifty but in-sync with what we discussed here.
Sorry Guys about today morning, I was travelling so cudn't post in the morning, anyway I posted by US morning ( our evening which is now ), but that doesn't mean I reached U.S, I'm in Incredible India :)