Hello 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...
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)
BRITANNIA SPOT CMP 3355
BULLISH DEEP CRAB PATTERN FORMATION
PRZ :- 3300-3350
SLZ :- 3290 ON HOURLY CLOSING BASIS
TARGETS :- 3500-3550-3600-3650-3700
Good long accumulation seen around this levels.
Similar low formation around same levels..
Rsi bullish divergence and breakout from last peak seen
Good long candidate.
Always on risk management thats the life line...
Divislab has formed the harmonic pattern of bullsh deep crap.
One can take long position after the stock price has reached the PRZ level with above given Tgt and SL
This is my view, For trading consult your advisor.