Bullish Harmonic Half Bat and Crab confluence - UltraCemCoBullish Harmonic Half Bat and Crab confluence - UltraCemCo
Crab
Adaniports Anti Crab is forming on weekly but have a resistance around 310-320 range. so mayn't cross that.
Deep crab on daily. RSI also looks good but market may not support this short tomorrow.
Keep an eye if triggers.
Bearish Deep Crab (Daily)
PRZ1 = 317.55
PRZ2 = 315.35
SL 332
T: 304,290
Indusind bank - Bullish Deep crabIndusind bank about to complete the pattern of Bullish Deep crab. XD leg will complete around 302 to 290 range. One can go long with stop loss of 280 for the targets of 340/370/390/411. This chart is only for educational purpose and I am not a registered/certified analyst. Please give your feedback.
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.
Nifty - Selling at the Channel Top-9850 Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
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Plan A
Bullish Butterfly Pattern Valid & Active - Once 9200 crosses & holds as support
Target 1 - 9400
Target 2 - Above 9400 for 9500
Target 3 - Above 9500 for 9600
Plan B
Reaching in the zone 9600- 9750 - Traders should be careful of Resistance zone formed for Island Reversal Pattern -The most important zone
Resistance in 9600- 9750 - Stops in that zone -preferably sell below 9600 or close to 9700 or 9750 levels (Note- No selling above 9700 & No selling above 9750)
Downside Targets
Target 1 - 9400
Target 2 - 9200
Target 3- Sell Only below 9125-9150 only for 8900 /8700
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Previous Ideas Video Link
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Wonder Waves Part 1 - Nifty - Wonder Waves -Picking The Bottoms at 7700
Wonder Waves Part 2 - Nifty -Wonder Waves Part 2-Can Patterns Repeat from Bottoms 8055
Wonder Waves Part 3 - Nifty - Wonder Waves Part 3- Traditional Patterns (Target 9600)
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Thanks for watching this video & your precious time - Have wonderful week ahead
Nifty - Wonder Waves Part 3- Traditional Patterns (Target 9600)Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Trading Strategy
Plan A -
Buy once crosses & strictly holds above 9150 for 9350-9400 target zone
Plan B -
Buy once crosses & strictly holds above 9400 for 9600 - 9700 target zone
Plan C -
Sell If Strictly holds below 9700 for 9400 / Below 9350 for 9150 / Below 9125 for 8700 / Below 8675 for 8400 / Below 8350 for 8250 / Below 8250 for 8000-8050
Plan D -
Consider Selling -If Holds below 8050 - Target 7500-7550 & Below 7500 for 6900
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Snapshot - 26th April 2020
MCDOWELL-NIt has reversed from a Bearish Harmonic Deep Crab which also coincides with a Weekly Ichimoku resistance. It could retest 540/515 if it fails to sustain above 580
Bearish Deep Crab in TATASTEEL 1H Time FrameEntry in the PRZ. All the levels are mentioned in the chart.
Bearish Crab On ASHOKLEY 1H Time FrameBearish crab with overbought RSI. Wait for entry in PRZ. All the levels are mentioned in the chart. Good Luck :)
RelianceIs trading within an expanding triangle. Today's O=H (so far) near the upper end of the channel. If it sustains below 1540 (closing basis) then it could test the lower end of the channel near 1475. Resistance comes in at 1580 for now.
BHARAT FORGE (SHORT) 1D NSE1) Bearish Crab Pattern ( Harmonic Pattern )
2) RSI - Bearish divergence
3) Candlestick Pattern - Bearish One Black Crow
4) Strong Resistance @ 503
5) Stock Reversed from Channel TOP
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6) 1st Target - 462-460
7) 2nd Target - 435-433
8) SL - 503-501
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Note : This study for educational purpose only.
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Twitter - @bagade_arvind
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BIOCONIn daily time frame it has reversed from a Bearish Harmonic Crab. As per Ichimoku its likely to retest Kijun support.
In hourly time frame it is at a crucial support of 285. Resistance comes in near 290.
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
