Bank nifty had to cross the breakout level or breakdown level to show momentum.
It is trading somewhere in the middle.
Long above 40160 and short below 38430.
Targets are mentioned on the charts.
Happy trading :)
This is just for educational purposes.
The fall from 18605 looks choppy & messy suggesting that the index could have finished a part of the corrective structure at 17799 lows @ 28th Oct2021 if holds above that level.
Bulls & Bears will be locking their horns between 18605 high & 17799 low – a range of Approx of 800 points.
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Short Term Scenario
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AIA ENG
Closed above 200 EMA
Good buying can be seen in coming days.
BUY : 1890 - 1950
T1 - 2140 (9%)
T2 - 2222
SL : 1815
TIME FRAME : 2 WEEKS
NOTE: Results on 30 oct 2021 so stock can be volatile.
Nifty could fall more if the price manages to close 17968 in day basis.
The breakout below 17968 could trigger a fall up to 17820 and then a sharp reversal can be seen.
The bounce could be up to 18150 from 17820.
Below the 17820 levels, the long unwinding may start. This should be the stoploss for longs.
Keep in mind, the RSI is at 50, if RSI falls below 50,...
Solana has had a spectacular run in the past 2 weeks. However, the price might correct a bit for a pullback as it is near a supply zone.
The XABCD bearish Gartley and Bat patterns had set a supply zone above which the price is struggling to sustain on the weekly chart. As we can see there's a bearish divergence developing on the RSI chart, i.e., the price is...
HCL Tech
Reasons/Traits :
• Bullish Gartley harmonic pattern is forming (gets confirmed if price goes and stays below 1254)
• Price below 13 EMA ready to touch 50 EMA
• Price is below 0.236 retracements levels
• RSI falling
What can happen next :
Scenario 1 : Price sustaining above 1265 levels can take it to 1285/1335/1365/1400 levels
Scenario 2 : Price break...
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...
H.M. Gartley's most trusted harmonic pattern - Bullish Gartley could be right there in the zone 17450-17475 which is assumed to be potential reversal zone.
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Target
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1st Target upside - 50 Period Moving Average = 17675
2nd Target upside- 17740 - where fall started on expiry day @ 30th Sep2021
...
Only for study purpose.
Swing traders can enter in between 50 & 52 with a stop loss of 48.
Before reaching D(price range of 50&52) point if price went up above point A(price 60) the above view will be invalid
As per harmonic pattern in Hourly timeframe is showing Bullish Gartley
trade idea is already shared with risk reward ratio of 1:2
Kindly enter in trade when any Bearish or reversal candle is seen at the entry price 👆🙏
best of luck
ITC gave a long-awaited breakout today. But, for more upside, ITC has to cross the supply zone/PRZ mentioned on the chart.
The XABCD bearish Gartley, bat, and crab patterns set the targets for the ITC price in the future.
The stop loss has to be placed below the demand zone. If the stop loss percentage is above your risk, consider as per your appetite.
Happy...
As per harmonic pattern 15 minutes timeframe is showing bearish Gartley for intraday
trade idea is already shared with risk reward ratio of 1:2
Kindly enter in trade when any Bearish or reversal candle is seen at the entry price 👆🙏
best of luck
Short Video connecting the path which unfolded for Index Nifty after Bullish Gartley at 17055 –last idea & upcoming moves to be expected with key & critical levels.
Thanks for watching the video
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Last Idea- 2nd Sep2021- Bullish Gartley at 17055...
