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
Crab
Nifty - 500+ Points in Diwali Offer Closes@9650 + Harmonic@9800Above 10100 for 10175 & Below 10070 for 9960 - Below 9900 for sizeable correction to 9650 as per last update mentioned below.
Trading Strategy
Look for a jump to 9785-9800 zone from 9730-9735 zone & later sell from top zone of 9800-9810 for 9650-9600 once you get bearish clues on top end.
Hope you guys are doing good. We have bearish harmonic in the zone 9785-9810 if Nifty faces resistance then we look for 9650-9660 Target Zone & below 9650 for 9600 which completes 500 points bumper offer + top up gift this diwali.
Intraday, 9729-9730 zone is short term important zone for Nifty. Below that zone weakness could set.
We will keenly watch for selling on top for lower targets but be careful 9800 is the psychological level & It should hold below that zone or from close by zone on top end for bearish clues or selling opportunity.
Look to sell from top zone of 9800-9820 for targets 9660-9650 & below 9650 for 9600 if market behaves as suggested above.
Bank Nifty
On similar lines Bank Nifty can also push close to 23950-24000 Zone & we will check for weakness in the same.
Last Update
THE HARMONIC PATTERNS SERIES: III THE CRAB PATTERNHi,
I am back with one more harmonic Pattern -- The CRAB
For a brief overview about harmonic pattern fundamentals, first go to the Post One of this series (link will be soon in the update section).
CRAB PATTERN
In the BAT and the Gartley the price action in the last leg did not stretch beyond the Point X but In this pattern last leg stretches beyond X. In this case it is the B-C projection which may sometimes (when D extends beyond 2.618 B-C) help in identifying the Pattern in advance.
X-A: A strong leg which ends at an important Support/Resistance level.
A-B: Should retrace between 38.2 to 61.8% of X-A.
B-C: Should retrace between 38.2 to 88.6 % of A-B. This leg should not extend beyond point A.
C-D: The most important leg to confirm the Crab pattern . C-D should retrace 161.8% of X-A and not more than that.
C-D=1.27 to 1.618 AB: Second important confirmation, C-D leg should complete between 1.27 to 1.618 times A-B
B-C Projection: Point D should be between 2.618 to 3.618 B-C projection. You can notice the difference between Bat, Gartley and Crab B-C projections.
Pattern completes at point D so it is the most important point in the pattern. If all the above conditions are valid, a reversal is expected from this point.
# In Bullish harmonic patterns an upward reversal is expected at point D, whereas in Bearish patterns a downward reversal is expected at point
D.
# Normally a buy/sell order is placed at point D, expecting some sort of reversal, and targets are placed at 38.2% and 61.8% of A-X.
# A complete reversal should not be expected at point D in any harmonic pattern . Only the further price can provide confirmations about trend reversal.
Trade safe, be healthy
Hit like/comment if this information is useful.
Regards
Bravetotrade
EXIDEIND: Time to go long in Ancillary Industries...... Detailed plotted on Chart.
Go Long @ LTP +/- 1%
More accumulation Level @ 198.70 - @ 195
Intra / swing levels / TARGET:
@ 206.5, @ 207.4, @ 208.9 - @ 209.95 9HZ), @ 212.8
* More Updates on Market Hours, as Scenario Change.
Don't forget to Click / Tap LIKE button, as Like is Barometer of Usefulness.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Nifty- Deep Crab Bearish Harmonic @9978 Target -9950-9910-9860Last Price@9957
Suggested - out at 9965 in previous update.
Bank Nifty is not supporting so we have negative bias for BN as well & Bn was the prime reason why Nifty struggled today to touch 10,000 Mark.
In previous update our bearish post turned bullish as it opened above 9925 mark & dipped to 9910 was buying opportunity- missed -no worries. I even suggested on chart, moving above 9925 -1st bullish confirmation & above 9950 -2nd bullish confirmation.
9950 was important level as markets holded that level for 3-4 Hrs & pushed upside beyond 9970. I expected for 10000 mark but Nifty is unable to push beyond 9978 mark
So, putting this update- bearish harmonic at 9978 highs.
Target - we shall look for 9950- 9910- 9860
Pattern invalidates above 9978 highs.
Previous Update
TECHM: A Secure INVESTMENTALL MENTIONED IN CHART.
GOOD EXAMPLE of FIBONACCI.
RECENT LOW @ 356.65 was FIB R 0.618 of CD
Good BACKBONE, Having Sound Company Management.
More fundamental analysis will be Updated in Weekend.
LTP: @ 387.30
Crucial Zone: @ 413.35 to @ 459.45
Can see Like JET Speed above Crucial Zone.
EXPECTED Double in 1 - 2 years.
If enriched your knowledge,
Please don't forget to Hit / Click Like button .
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
HEXAWARE: Series of Harmonics, What's NEXT?Bearish BUTTERFLY, then Bearish CRAB, what's NEXT?
SHORT: Above @ 281.8
More @ 283.7 - @ 285.90
TARGET / SL / TSL plotted on chart.
Levels for FnO traders:
SHORT Above @ 281 (for STBT)
Updated later as Snapshot.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Encourage with giving LIKE/ Comment /Share, (If useful & enriched your knowledge).
HeroMotoCorp- Reducing Volume & Crab can stop motor in 4250-4350First Long Above 4020 & Later Sell if faces resistance in 4250-4350 Zone.
A bearish crab "can" get completed in the zone 4250-4350. I never use incomplete harmonic pattern to predict as we never this will become true or fail but yes if at all it becomes true & moving above 4020 -If Hero Moto Corp Travels to 4250-4350 - One should be careful as we have reducing volume.
If It faces resistance then yes we look to sell in the range 4250-4350.
LT: Last Leg of Bearish Deep CRAB, potential to go UP.Cand;le pattern: Possibility to form Bearish Deep CRAB.
Go Long: @ 1136.65 (LTP at 2.09 pm) 40% of Investment.
More on @ 1120 30% of Investment.
If Reach to @ 1108 - final 30% of Investment.
Initial Target: @ 1180 , Extended to @ 1293.80
more intermediate Levels on Chart.
SL: @ 1095 (by Closing). Trailing SL: 2 1080-
Snapshot of Swing Levels will be posted Later.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
LIKE / Comment /Share, If useful & enriched your knowledge.
Will Nifty to touch 10500 and fall back to 9k series ?2 Patterns found in Nifty monthly chart and both of them on bearish.
On Main Chart
- Pattern not yet filled on today (01/08/2017).
- I hope it will fill the pattern and the final level is 10500.
- Once if reach the level 10500, it leads to fall as per the pattern principle.
- Levels where mentioned on chart.
- The pattern is called Bearish Crab
Second pattern chart on comment
- Pattern got filled.
- It may start to fall from this level 10100.
- Levels are mentioned on chart
- The pattern is called Bearish Butterfly
BankBaroda - Next Customer- Crab. Earlier -Gartley & Cypher158-160 Zone is very important. Once double of 167-168 Zone is crossed safe traders can jump. Harmonic Traders can look for support in 158-160 Zone as suggested in previous post.
Gartley Result from 167 to 162- very close to 158-160 Zone
Cypher Result from 153 to 167
Fate of BANKNIFTY WEEKLY view.Crucial & also hot discussion & view exchange going on around investor community in Social Media,
What' is the fate of BANKNIFTY.
A part of community Favour's BULL run to continue, while "No All Time New High" by Other's.
Who can tell answer.
HARMONIC may have some answer.
On chart at "D = 25546" , final point of Ideal Bearish DEEP CRAB.
All mentioned on Chart, with Pattern as example.
Intraday Analysis for 31st July 2017, as well as Levels will be posted Later .
If enriched your knowledge,
Please don't forget to LIKE, SHARE.
Comment appreciated.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
Refining Margin Drag RIL to Below Median LINE - Result SeriesDue to Low AVG.Crude Oil Price in Last Quarter (Q1 of 2017-18)
Refining Margin may in pressure , Drag RELIANCE to Below Median LINE
Harmonic "Bearish CRAB in Progress".
PRZ: @ 1588 (if Pattern Confirms.)
All are Plotted in Chart.
Do SHORT in Higher Level, BEST Above @ 1560+
TARGET: Plotted on Chart.
FnO trader can LONG Nearer OTM PUT Option, when traded at or above @ 1555+
More Strategy on QUERY.
If enriched your knowledge and would help you in trading,
Please don't forget to Hit / Click Like button.
Your likes motivate me to post better ideas in future.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
BHARAT FORGE: Is waiting for RESULT to BreakOUT - Result SERIESBHARAT FORGE Prepare for Breakout.
Projection of some HARMONIC Pattern .
All Plotted in Chart.
Trade setup on Query / in Market hour when opportunity comes .
For FnO strategy: On QUERY .
If enriched your knowledge and would help you in trading,
Please don't forget to Hit / Click Like button.
Your likes are the only motivation to post better ideas in future.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
JUBILANT FOOD: Is BULL Run OVER ?JUBILANT FOOD: Is BULL Run OVER ?
Bearish CRAB completed.
Can we see Bearish DEEP CRAB?
Or, Retracement.
Supply Zone: @ 1178.50 to @ 1209
LTP: @ 1160 (Spot)
Go SHORT: @ Mentioned Supply Zone.
For Aggressive Trader Here (in FnO segment Here with HEDGE as Calculative Risk)
Some Intraday / Swing Targets: @ 1148, @ 1140 - @ 1130.7 (BZ #1) , @ 1117-
REST TARGET are plotted on Chart.
For FnO traders:
STRATEGY: SHORT FUTURE Along with Nearer OTM CALL Option.
Calculative Risk Strategy.
If this post enriched your knowledge & helpful for trading,
Please don't forget to Hit / Click Like button.
Your likes are the only motivation to post better ideas in future.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
REFErRAL POST: Given LONG View @ 917.