Currently, in this choppy market like today, buying at supports and exit at resistance is preferred. Here, in my opinion, the best level to go long again in nifty is 17780, where put writers will support as well as XABCD reversal level will support. Be patient and do not jump in option buy positions as today is Friday. You shouldn't be stuck until Monday to...
Short Video Idea - How waves unfolded since 8th Sep2021 & we enjoyed back to back all the waves since 15th Sep2021 when consolidation got over. Next Key Level- 17598 / 17600
this pair is in serious down trend from quite a time. As per harmonic pattern hourly timeframe is showing bearish butterfly. trade idea is already shared with risk reward ratio of 1:3. best of luck
Bitcoin short term: Target1:56000 Target2:68000 Target3:77000 Bullish.Dont miss the chance.Thanks to Codeviser for a wonderful Harmonic pattern
Today Navin Flourine broke out its previous all-time high with high volumes. Wait for the pullback if the price starts falling, can go long above 3890 and place stop loss at 3890. If the price sustains above 4015 then go long and targets are given by the XABCD bearish butterfly pattern's 1.27,1.414 and 1.618 extensions. Place the stop loss below 3890. Happy...
BPCL is trying to break the resistance at 481, which has not been sustained since last year. If BPCL manages to stay above 481, then we can see momentum to the upside. Go long above 481 and place a stop loss below 440. This is a monthly timeframe analysis, so we can provide some time for the price to adjust in case of a fall. Add more quantity when the price...
ETHEREUM is in a critical area from where it could likely breakdown. But the confirmation comes if it breaks the demand zone as well. Breaking the consolidation zone in the upper side with good volumes could give upward rally as well but that doesn't seem to be a likely case currently.
Marico's price closed with good volumes and RSI above 60. That's a bullish closure. This momentum could continue in the next trading session also. After falling off of the uptrend line. the price got corrected. Here we can see a bullish butterfly pattern on the chart, the demand zone is formed by the 1.414 and 1.618 fib retracements of the pattern. The price...
Bank nifty showed a fantastic rally after breaking the 36100 price level. If it continues to sustain above 36300, then go long. Target 1 is given by AB=CD pattern with 2 as fib extension. If bank nifty manages above target 1 then trail stop loss until target 3. Targets 2 and 3 are in the PRZ, so book your profits timely. Above this PRZ, there will be another...
This is the first time I am trying Harmonic Patterns, and since we are betting against a very bullish market, I have by doubts. However, the price fell from a well tested Resistance Trend Line, and the RSI is also slowly falling down from the Overbought region. I have kept a close stop loss just above the recent high. Fingers Crossed.
Head and shoulders patterns observed in Reliance Industries with a slanted neckline. The neckline got broken and can be tested at 2100 level. If it fails to rise above 2100 and sustain, we could see a short opportunity with targets mentioned in the chart. The logic has been explained in the chart. Being a Nifty heavyweight, it could drag nifty further down below...
Bullish Shark and Bullish Butterfly Pattern in MARICO 2 Hour TF. Target Should be at 533.45 and 541. Supply Zone is also near Target 2. Stop loss should be below PRZ at 517.45.
All charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
All charts/views posted here are for educational purpose only. We are not responsible for any of your profit/loss.
Escort PRZ 1140-1160 cmp 1198 keep adding till 1140 -60 target are mentioned on chart...............view negated below 1100 daily close Thanks Jigar Pateel 8898030401
Bearish Butterfly formation in Jindal Saw. Stock may correct around 132. Here afterwords strong support is 125, Exit if close below 125. A breakout above 125 has below targets. T1 = 132 T2 = 136 T3 = 142