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Harmonicbat

Bank Nifty Outlook- Harmonic, Historical & Impulsive 3rd Jan'24Disclaimer: Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence. WaveTalks - Market Whispers: Can You Hear Them? Pattern Insight: Bullish Bat Harmonic Pattern Measurements: - X at 47411 - A at recent highs of 48636 - B retraced 44.5% of XA leg (from 47411 to 48636) - C at 48450 Projected Zone for Point-D: Expected Range: 47550-47575 Key Reasons for the Outlook: 1. PRZ (Price Reversal Zone): The anticipated zone for Point-D of the Harmonic Pattern is between 47550 and 47575. 2.Historical Support-Resistance Play: The resistance level observed on 11th December 2023 could now serve as a support zone. 3. Market Dynamics Trivia: Hey folks, do you know what it's called when resistances transform into supports and vice versa? Question for the day, Traders! 4. Wave Analysis: The initial impulsive decline starting from the highs of 48636 could complete one of its wave degree in the 47550-47575 zone, marked in red as point-D. Conclusion: This analysis suggests a potential bullish reversal in the Bank Nifty Index around the 47550-47575 zone, based on : Bullish Bat Harmonic Pattern, Historical resistance zone which could act as support zone & Impulsive fall or drop from the highs of 48636, could complete one of its wave degree in that zone. Note - If 47550-47575 zone holds as support then a bounce may be expected upside to these levels next after opening fall tomorrow 3rd Jan 2024. 47875 / 47900 48100 Above 48100 - 48225 As always, remember that market conditions can change rapidly, and it's crucial to keep an eye on evolving patterns and indicators. Trade wisely and stay informed! From WaveTalks
NSE:BANKNIFTY
by WaveTalks
10
Crudeoil Bearish Bat pattern foundThere is an harmonic pattern found in crudeoil mcx and Usoil. Entry & stop marked red and black, targets in blue color. Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. If you follow diagonal trendlines you can take entry and exit easily. (Color code (only for diagonal trendlines ): green - bullish , red - bearish , black & violet reversal points). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help. Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. It is all your own risk.
MCX:CRUDEOIL1!Short
by Elango-ragavan
NIFTY FINANCIAL INDEXAt the PRZ of a bearish Harmonic Bat in Weekly time frame it made a bearish reversal Candlestick today. A follow through tomorrow onwards would confirm a downward move for 13250 and below that for 12000. The view would negate if it sustains above today's high. The index constitutes of all the large Banks and large Finance companies. Harmonic Bat is a 5 points pattern based on specific Fibonacci Ratios which signal a reversal of trend for 38-50-62% of the last leg of the trend ending.
NSE:CNXFINANCEEducation
by Dinesh_C_Nagpal
2