Bullish Gartley Pattern in Vodafone IdeaHi TradingView Traders,
I am seeing a Bullish Bat Harmonic Pattern in Vodafone Idea.
I am hoping that it’ll drop more 20%-22% from this point. Then a reversal is possible.
And Bullish Harmonic Pattern always tend to give greater returns.
Disclaimer: This is just for educational purposes and not any advice for trading to buy/sell.
Please share a valuable feedback in comments if you if you see any more patterns or ratios.
Give it a rocket if you like this technical analysis.
Bullish Bat
Bank Nifty Outlook- Harmonic, Historical & Impulsive 3rd Jan'24Disclaimer:
Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence.
WaveTalks - Market Whispers: Can You Hear Them?
Pattern Insight: Bullish Bat Harmonic Pattern
Measurements:
- X at 47411
- A at recent highs of 48636
- B retraced 44.5% of XA leg (from 47411 to 48636)
- C at 48450
Projected Zone for Point-D:
Expected Range: 47550-47575
Key Reasons for the Outlook:
1. PRZ (Price Reversal Zone): The anticipated zone for Point-D of the Harmonic Pattern is between 47550 and 47575.
2.Historical Support-Resistance Play: The resistance level observed on 11th December 2023 could now serve as a support zone.
3. Market Dynamics Trivia: Hey folks, do you know what it's called when resistances transform into supports and vice versa? Question for the day, Traders!
4. Wave Analysis: The initial impulsive decline starting from the highs of 48636 could complete one of its wave degree in the 47550-47575 zone, marked in red as point-D.
Conclusion:
This analysis suggests a potential bullish reversal in the Bank Nifty Index around the 47550-47575 zone, based on :
Bullish Bat Harmonic Pattern,
Historical resistance zone which could act as support zone &
Impulsive fall or drop from the highs of 48636, could complete one of its wave degree in that zone.
Note - If 47550-47575 zone holds as support then a bounce may be expected upside to these levels next after opening fall tomorrow 3rd Jan 2024.
47875 / 47900
48100
Above 48100 - 48225
As always, remember that market conditions can change rapidly, and it's crucial to keep an eye on evolving patterns and indicators.
Trade wisely and stay informed!
From WaveTalks
LAXMI ORGANIC - 77% RETURNS!!!BUY - LAXMI ORGANIC INDUSTRIES LTD
CMP - Rs. 265
Target - 1: Rs. 321
Target - 2: Rs. 377
Target - 3: Rs. 469
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Technicals -
1) Bullish Bat, Sea Pony, Anti Nen Star Harmonic Patterns.
2) Trendline Breakout
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Fundamentals -
1) Sales growth is growing at a healthy rate in the last 3 years 27.94%.
2) Net Profit is growing at a healthy rate in the last 3 years 38.96%.
3) Sales growth is good in the last 4 quarters at 24.95%.
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Follow me for more!
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This is a view by an expert analyst, please trade at your own risk.
SUZLON ENERGY - 65% RETURNS!!!BUY - SUZLON ENERGY LTD
CMP - Rs. 7
Target - 1: Rs. 9
Target - 2: Rs. 10.65
Target - 3: Rs. 11.65
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Technicals - 1) Bullish Bat Harmonic Pattern.
2) Targets set using Fibonacci Retracements.
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Comment: Target - 3 will be achieved in 4-8 months.
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Follow me for more!
HITACHI ENERGY INDIA LTD : SUMMERS HAVE KNOCKED THE DOORHitachi Energy India Ltd is an India-based power technology company, which is engaged in the business of power technologies and provides a range of grid portfolios across the entire value chain. As Summers are approaching , the stock has started showing off its mood. We have seen a breakout at triangle formation. Entry to be taken only after Re-testing of the support at 3184.90.
Awesome Oscillator indicator also showing trend line broken indicating an upward movement.
Long Term target is 4034.30 with stop loss at Support 3132.30
Boost my study , if you agree with me !!!
Reliance at a crucial levelBroken long tern trendline, can it regain it?
Will reliance take support on the neckline or break it?
RSI on hourly chart shows positive divergence
I think it will bounce from here or will it take nifty to lower levels along with it.
Can be weak after a close below 2285
Stay tuned
💎 BATUSDT : 389.27% Profit Potential in Next 6 Months💣💣💣💣last 2-3 weeks we seen huge buying in BAT coin, in upcoming months its to going pump very hard.
entry and targets are given on the chart. Treat this idea as long-term investment
please Like and comment if there are any queries.
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Buy NIFTY for target of 19589 Stop loss below 14120The Bat Man Potential Reversal Zone is defined by 1.27AB=CD Pattern ,1.62 BC , or 0.886 XA Retracement levels the zone is 15542 to 14662 ...
The Stop loss of for this Pattern is below 14120... for the target of minimum 19589
However one can wait Reversal pattern in daily or lower time for confirmation