IRCTC- It has formed Bat Harmonic Pattern, It is expected to travel through the target Marked as we have a good volume . And fall is expected once the target is hit.
Disc- Only for Learning Purpose and not a trading Recommendation
last 2-3 weeks we seen huge buying in AKRO coin, in upcoming months its going pump very hard.
entry and targets are given on the chart. Please Like and comment if there are any queries.
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TRADE LOGIC as on 06th Jan 2022 @12:00 Hrs
in.tradingview.com NSE:NIFTY1!
Nifty price action has formed a Bearish Cypher Harmonics Pattern on daily time frame as shown in the attached file. If this hold out, then we can expect a correction at-least till the Daily Demand Zone at 17287 / 17151 on Nifty futures chart. However, the daily trend remains upbeat. So...
Hindalco is at an important area…
Reasons/Traits :
• Cypher bullish harmonic pattern formation seen
• Below 20 and 50 EMA
• Trend breakdown retested and an inside bar formation seen today
• RSI, MACD and Stoch are in down trend
• Earlier channel breakout failed
What can happen next :
Scenario 1 : Price sustaining above 460 levels can take it to 472/488/510/547...
Point A on the cypher will act as an inflection, it may rip up to target D, or it may respect spirals and pullback. Angles 28 and 108 converge on 13.81 x 1/28/22 with cypher confluence. There are also target areas on C (14.44 x 4/14/22) and D 93.6 x 9/3/22.
