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Bullish Shark

CIPLA - Probable Downfall in coming session(s) - POSITIONALCipla seems to have a bearish sentiment. Broken the Channel and the Monthly zones with good volume . Expecting it to fall further (a retracement to the red line is quite possible). Will be entering short basis candlestick pattern and if it shows rejection below the red line for a TGT of about 521-525. Entry would be mostly around 585 (near to the red line, if retracement is seen), SL above 603.5, TGT: 521-525. Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser. Note: All the values given are in CIPLA spot price chart. And also please note this is Positional analysis and is NOT for intraday This can be followed by a long entry later on after completion of a Harmonic Pattern , will be updated later if a good entry is seen THIS WAS PUBLISHED A WHILE AGO, BUT SEEMS NOT PUBLISHED IN REGIONAL WEBSITE OF TV, therefore again publishing the same idea.
NSE:CIPLAShort
by theTradingSailor
ITC (LONG)1) Bullish Shark Pattern ( Harmonic Pattern ) 2) Vortex bullish 3) Stock bounced from Demand zone / support 4) Stock bounced from channel bottom ------------------------------------------------------------- 5) Target - 248-250 6) SL - 234 ------------------------------------------------------------- Note : This study for educational purpose only. ------------------------------------------------------------- Twitter - @bagade_arvind -------------------------------------------------------------
NSE:ITCLong
by AVBAGADE
NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
NSE:NIFTYEducation
by Dinesh_C_Nagpal
BULLISH SHARK DONE IN TATA STEEL, NOW TURN FOR A BULLISH BAT ?Hi, Thanks @razultull for spotting the patterns. Intact there was a shark right behind the BAT & it would have been a juicy trade but we missed it. So there is a bullish bat harmonic pattern is developing on 30 mins chart & the D leg of the BAT coincides with support trend line (green colour on chart). D leg completion is at 468.5 (PRZ). The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Stop loss would be placed below X leg structure support . (When looking to take targets on the bullish Bat Setup the first step is to use your Fibonacci retracement tool. With your Fibonacci retracement tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80%.) Target 1 - 483 Target 2- 492 To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2. Trade with care, Gulz
NSE:TATASTEELLong
by gulz
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