Bullish Crab
Bank Nifty - Bullish Crab Pattern - 15 min ChartHarmonic pattern likely to be formed in Bank Nifty. The same is coinciding with a strong support band of 21200-21050.
Enter trade only if positive RSI divergence is seen. Views negated below 21050.
Note - Views only for educational purposes, not a trade recommendation.
NITIN SPINNERS LTD 1D NSE LONG01) Bullish Crab Pattern (Harmonic Pattern)
02) Bullish Engulfing Candle Pattern (13-03-2020)
03) RSI showing Oversold
04) RSI showing bullish divergence on Daily chart
05) Stock bounced from Demand zone / Long term support
06) Stock bounced from channel bottom
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07) Entry - CMP - 33
08) 1st Target - 46-48
09) 2nd Target - 58-60
10) SL - 25
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11) Please check below point -
The Commercial Production on Finished Fabric Division at Bhanwaria Kalan, Tehsil - Begun, Dist. - Chittorgarh, Rajasthan
has commenced w.e.f. 01.01.2O2O, with this all the activities of expansion project related to lntegrated Textile
Unit has been completed.
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Note : This study for educational purpose only.
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Twitter - @bagade_arvind
HINDUSTAN UNILEVERGSK will be doing a stake sale tomorrow in HINDUSTAN UNILEVER the price could be between 1950-1850. As per Harmonic Trading Pattern study 1825-1850 has a bullish Crab. It also would be a retest of the rising trend line from where it had made a Bullish Cypher earlier this year. The reversal from high's was picked via a bearish Ichimoku set up which had completed its downside target. (link mentioned below) Now the possibility of a bounce back and/or continuation of uptrend within the rising channel.
BAJAJ ELECTRICALS 1D NSE (LONG)1) Bullish Crab Pattern ( Harmonic Pattern )
2) Three Day's Gap up Opening
3) Stock trading above 20 EMA
4) RSI showing bullish divergence on Daily chart
5) Stock bounced from Demand zone / Long term support
6) Volume above Average
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6) 1st Target - 369-372
7) 2nd Target - 410-413
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Note : This study for educational purpose only.
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Twitter - @bagade_arvind
JetAirways | Bullish CrabA Contra bet!
CMP: 165.75 (Red dotted line - Below PRZ)
PRZ: 167.5 - 171.50 (Black lines)
SL: 158 (Red thick line)
T1: 193 (23.6%) | T2: 208 (38.2%) (Blue lines)
T3: 220 (50.0%) | T4: 233 (61.8%) (Pink lines)
The charts posted by me are only for learning and not for trading purposes!
I am not responsible for any trade action taken by anyone whomsoever on the basis of the views published!
I am not a certified Technical Analyst or SEBI Registered Investment/Trade Advisor!
apollo hosp looks bullish in short to medium term. Bullish crab formed here in daily time frame. It is satisfying all required criteria -
• B point that is a 0.618 retracement of XA or less.
• Extreme BC projection that is typically a 2.618, 3.14, or 3.618.
• Alternate 1.27 or 1.618 AB=CD pattern required.
• 1.618 XA projection as the defining limit with the structure.
• C point with range between 0.382 and 0.886
Also regular bullish divergence is seen
sl - 980 tgt1 - 1130, tgt2 - 1210
Bullish Harmonic Crab on USDINR daily chart - 64.47Hi,
We have a potential Long opportunity's at the D leg completion of Harmonic CRAB.
The price reversal zone on this pair is between 64.98 (2.618BC) & 63.6(3.618BC) - Most important level to watch the price action at 64.47 (1.618XA).
The PRZ is only a guideline of where we will be paying attention for trade setups and opportunity's.
Potential targets for the Crab setup placed at the .382% and .618% retracement of the C to D move.
Target 1 : 66 & Target 2: 67.
Stop would be placed below 2.0 extension of XA (63.4).
Note : Crab Usually posses highly volatile price action in the Potential Reversal Zone.
Trade with Care
Gulz
S.C Ban Order & Bullsih Crab on Ashok Leyland, So Whats Next ? Hi,
Supreme Court imposes ban on sale of BS-III vehicles from April 2, As a reaction Ashok leyland fallen sharply and completed a beautiful bullish CRAB Pattern.
It's worth to mention, recovery was so good and sharp with RSI divergence. (Assume structure has shown RSI BAMM, need to verify it).
It tested all the figures on PRZ during the fall and bounced back sharply and closed inside the channel.
On Technical Perspective, i have two targets for Ashok Leyland (61.8% and 127.2% of CD leg)
Target 1 - 88.7
Target 2- 95.9
Stop loss would be 2 XA = 78.8
Trade with Care
Gulz