Icici Bank Bullish harmonicIcici Bank may have formed dragon harmonic pattern..
Can buy near 970 cmp for targets of 995 & if exceeds for 1047 with stop loss at 958 or 950 as per you risk management..
Dragonpattern
sbicards EXamplesbicard perfect dragon pattern
for long term
techically analysis only
currently formed diamond pattern or side ways
BIRLA CORPIt continues to be on a strong uptrend and as activated a Bullish Harmonic Dragon suggesting further upside for 1100 and then 1500. Accumulation between 925-875 would be a preferred route
MULTIPLE TIME FRAME ANALYSIS 05.03.21BUY ABOVE :1567
TARGET : 2329
Reason For Buying This Script :
It is forming trend line & channel line .
In weekly time frame it has formed dragon fly doji formed . It shows buyers are in control .
IF you need high conformation means the price has to trade above 1567 & it should close above 1567 in weekly time frame or else you can buy current Market Price.
Note:
Above given levels are based on weekly & monthly time fame . so be patience it will so days to achieve the target.
ALL THE BEST ....
Tvs Motors Good short CandidateTvs spot cmp 603
Bearish dragon pattern formation..
Trend line from head to hump , breakdown confirms the formation of dragon pattern..
613-620 good selling range..
with stoploss above 635 on closing basis
Good short candidate..
Sun TV NetworkAfter reversing from a Bullish Harmonic Shark it has now given a breakout in weekly time frame as per Ichimoku which suggest further upside till 550 as long as it gives a weekly close above 485.
Coincidentally, the min expected retracement of 38% of the Bullish Shark is also in the same range along with a Bullish Harmonic Dragon which is running in daily time frame with the same level as a target.
CONCORIt appears to have completed its pullback post recent breakout. It could now rally till 440 & 475. View would negate below 404
SIEMENSAfter reversing from a Bullish Harmonic Shark, it has activated a Bullish Harmonic Dragon which suggest probable levels of 1225 and 1350. It has very good support at 1080-1070. View would be negated below 1035
GOLDIt has been trading within a triangle ever since it activated a Bearish Alt Bat. Above $1735 the triangle breakout suggest $1785 which is the 2nd target of a Bullish Dragon. As per Ichimoku study, the momentum for upside has a decent probability to start tomorrow. It should be noted that triangle breakouts tend to be the last of a trend, this could turn out to be an unwinding one.
GOLDGOLD had a sharp sell off like equities in the 1st week of March due to Central Banks across the globe pumping liquidity and reducing rates. Besides the domino principle of one pulling the other (losses in equities globally being cleared via unwinding of long gold positions) as one asset manages the other in a systematic risk environment.
Current set up suggest $1675 where it would complete its minimum Bullish Dragon (trigger - hourly close above $1630). Only if it sustains above that $1800 is the next level with some resistance near $1735. Else a dip till $1575 before it attempts another up move.
From a medium to long term prospective this could be the last leg of the rally from 2016, post this Gold could start a fresh downside cycle.
USD INRIn the year of the Rat, the Chinese at Wuhan decided to opt for the Bat and that lead to USD INR giving way to the Dragon! :) =)) :))
Nifty Infra IndexIt is making a Bullish Harmonic Dragon - probable levels of 3600 & 4100 with strong support at 3150-3100.
TATA STEELAfter making a double bottom it is now attempting to complete the Bullish Harmonic Dragon Pattern which suggests levels of 490 and 575. The view would go wrong if it sustains below 420. Double confirmation is weekly close above 440
BIOCONIt is forming a Bullish Harmonic Dragon which suggests levels of 260/285, double confirmation above 238. View would negate below 215. As per Ichimoku analysis also 438 is the hurdle for the up move.
EUR/CHF Technical analysisThe dragon pattern, a variation of double bottom pattern, is formed in the counter.
The price has crossed the critical resistance level of 1.12047 as well.
Hence we expect the pair to move to the next resistance levels of 1.12561 and 1.12939.
is BOB going to fly with Dragon ?Dragon harmonic pattern has been formed in Daily chart of Bank of Baroda. Dragon pattern is rarely seen in stock charts. As explained in chart , price movement is in perfect alignment with the Dragon Pattern. expecting it to fly like dragon and hit the Targets.
Declaimer : This analysis is for education purpose only.
