Crab
NIFTY MIDCAP SELECTHello and welcome to this analysis
The index has formed a Bearish Harmonic Deep Crab in the weekly time frame. It is currently in the PRZ zone of 9050-9400.
As of now its not showing any sign of weakness. If it starts sustaining below 9050 the bearish structure would get activated for 8600/8250. There is resistance between 9200-9250. One should wait for confirmation of weakness then look to exit longs and/or fresh shorts.
Fresh aggressive trading inside the PRZ should be avoided either side.
All the best
IDFC - G1 Bearish CRAB Harmonic PatternScript Name - IDFC (Weekly)
Name of the Pattern - G1 Bearish CRAB Harmonic Pattern
PRZ 1 - 104.50
PRZ 2 - 105.20
PRZ 3 - 104.65
Bearish Harmonic Forming In Crude OilREAD CAREFULLY !!!
Crude Cmp - 5788
Bearish Bat PRZ - 5986/5991
SL - 6055
Target - 5830/5790
( It means Crude may move 200 points up from
here, so one can buy it with sl of 5724 )
Bearish Deep Crab PRZ - 6378
SL - 6431
Target - 6078/5990
( It means if crude breaks 6055 level it can
further move 320 points up )
EXIDE INDUSTRIESshare name : exide industries
call type : positional or investment
- share is forming a double bottom pattern with
bullish divergence, morning star on c point
- expanding wedge on bigger time frame
- we can accumulate this share at this level and
wait for breakout above b point, then we can see targets of 284(bearish bat ) or 414 (bearish crab)
- stop loss is 150 for this script
thanks
Mahindra & Mahindra Finance - ALT Shark with Wolfe Wave
M_mFin has alt shark along with wolfewave and rsi negative divergence on daily timeframe . Also a deep crab and Wolfewave at lower timeframe, Expecting a upside move till shark PRZ after hitting small TF ww target . IF sl taken then we can expect Gartley and can long till 272.
Forecast of gartley if broken B