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
Deepcrabpatterns
Natural gas good short candidateNatural gas future 311
Bearish deep crab pattern formation
elliot wave formation
RSI divergence
MAcd divergence + Bearish cross over
Good short candidate
SRTRANS good long candidateBullish multiple harmonic pattern formation,,
pattern violates below recent lows,,
Good long candidate on dips,,,
KOTAK BANK good long candidateKotak 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,,,
Nifty - Deep Crab Harmonic Pattern 14875-14900(Buy & Sell)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)
Jswsl good short candidateJswsl spot cmp 468
Bearish deep crab pattern formation..
view gets negated above 483 on 15 mins closing basis
Good short candidate
TATA steel good short candidateTata steel spot cmp 820
Daily time frame
Deep crab pattern formation,, Bearish
pattern violation above 833 on hourly closing basis
Bearish divergence on RSI indicator
Good short candidate
Bajaj auto good long candidateBajaj auto spot cmp 3580
Bullish Deep Crab pattern formation
Bullish divergence on RSI indicator
Wait for price reversal confirmation on hourly candle
Targets 3666-3777-3888
Good long candidate
BRITANNIA GOOD LONG CANDIDATE 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 for your survival in stock market.
SBI LIFEIt has made a Bearish Harmonic Deep Crab here. It could do a pullback till 825/800 provided it does not go above 885.
Hrmonic Pattern In Divislab - Bullish Deep CrapDivislab 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.
BIOCONIt had reversed from Bearish Harmonic Deep Crab at 400. Today it has activated a C Clamp. Both in daily time frame. It could retrace till 360 provided it does not go above 400
RELIANCEAs per this weekly chart we can see how beautifully each time the stock has respected Harmonic Patterns and shown reversals. From a Bearish AB=CD to a Bullish AB=CD, followed by a Bearish Deep Crab and now a Bullish Deep Crab along with a Bullish AB=CD. If it can hold 1285 then a retest of 1400-1450 looks probable.
Petronet LNGIt is showing signs of reversal from its PRZ zone of 2 bullish harmonic patterns - Deep Crab and AB=CD. It could retest 260-265 provided it does not go below 243
MindtreeIt is showing signs of reversal from the PRZ of a Bearish Harmonic Deep Crab. It could retrace till 765-750 provided it does not move above 825.
SAIL LONGNSE:SAIL
Only for education and information purpose. Should not be taken as a trading call
The sail can be taken long at the marked zone.
CHART BY HARMONIC LEARNING AND EARNING
HCL TECH LONGNSE:HCLTECH
BULLISH DEEP CRAB HCL CMP 1016 @ 7/7/19
PRZ 1006 TO 1008 SL 994 T1 1033 T2 1049
CHART BY HARMONIC LEARNING AND EARNING
Bearish Deep Crab HindalcoBearish Deep Crab Hindalco
Prz - 224 - 225
Sl - 226
Target 1 - 222
Target 2 - 220
