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
Reliance spot cmp 2710
Harmonic + Elliot wave study
Time frame :- Daily
Bearish deep crab pattern formation with PRZ in range 2710-2740,,
Alternate 1.618 AB= CD pattern matures around same levels..
From last 5 sessions counter is making high around 2720 levels and not able to close on higher end,
Today counter gave good breakout above the consolidation of last...
Chola fin inv :-
Multiple harmonic pattern matures around480 levels
Wolf wave formation around same levels
macd positive cross over
Rsi bullish divergence with breakout
Falling trend line breakout
good long candidate
15 to 20 % upmove possible
Nifty auto spot cmp 10000.
Study :- Time Cycle, Wolf wave, Harmonic , Chart Pattern.
Time Frame :- Daily.
Time Cycle :- Bottom to bottom cycle of 74 TD indicate index is making bottom at interval of 74 TD and at the moment index is at 74 TD so if this cycle is matured and the next cycle unfolds we may see a change in trend from now onwards as per this cyclic...
Srtrans finance multiple harmonic pattern formation with maturity at same level,, counter managed to sustain prz levels of 2 time with positive divergence in indicators,,
good upmove ahead,, atleast 5-7% upmove can be seen in coming days
Good long candidate,,
Kotak bank pre assumption of harmonic pattern formation and most awaited descending triangle pattern breakout,, todays huge candle is bullish engulfing pattern and rsi indicator have given breakout from falling channel,, good long candidate,,,
Last @ 14800 - 7th May2021
Buy with Stop loss below 14770 for Target 14850 / 14875
Sell Later Once Index Halts in 14875-14900 zone (PRZ-Potential Reversal Zone) for Deep Crab Harmonic Pattern ( Srtictly --------No sell if Index extends above 14900)
Bank nifty spot cmp36000
Deep Crab Bearish Pattern formation
Pattern violation above 36500 on closing basis
Weakness seen at higher levels of supply line of falling channel structure,,
Good short candidate..
Asian Paints entering PRZ for bearish deep crab. People who are holding cash positions can either exit or hedge. We have hedged our positions with November series PE. I'll avoid trading short here till a conviction is reached as the stock has climbed upwards with a very strong momentum. Very experienced traders might like to try with a naked PE. Trade only post...
HDFC is currently in wave 5 and can start corrective move from 1245/1265/1305.
Rule Wave 1 & 4 don't overlap is passed
Wave 3 > Wave 1
Wave 5 can get extended, but probable reversal points per fib levels mentioned on chart.
Wave 4 and 5 also seem like a Bearish Harmonic Deep Crab pattern. CD leg can extend till maximum of 3.618
Further details in Chart!!