Harmonic Patterns
#TCS#TCS CMP 2044
The major patter visible is an ascending channel on daily and the prices are at the lower end of the trend channel. Any break below 1998 we can see further downside. Also, the formation Bullish Harmonic pattern and a channel also form where we can expect a bounce from the zone of 1960 to 1970 SL on CLBS of 1930 for a target of 2000 / 2014 / 2029
Reverse Trading on my analysis is not recommended.
CHART BY HarmonicTrading™
Bearish Bat - InfratelBearish bat formed, and looks like reversal has started.
Short position can be added on further pullback.
** Trade only for educational purposes. Do your own risk management and enter **
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
Learning The Patterns...HarmonicA good company corrected in recent mid-caps and small caps ca range a goo buy around 50/55 levels for short term target 80 rs and for long term easily 100++ dividend paying company and global outlook and presence is good near to krbl and a growing company so investment wise really good in the rice sector....
Please let me know if my pattern is wrong or any addition required...
Thank You...
Consult Financial adviser
NIFTY 50, HEAD not quite stable over SHOULDER. Short term SHORT1. Elliott Wave - steep rise in couple of week.
2. Head n Shoulders pattern - today closed over neckline.
3. ABCD pattern - looking over the overall situation it's quite possible that it will follow this pattern.
Soon we will see 9500.
Disclaimer - it's only for educational purpose, I have no interest in providing trading call.
Jai Hind! 🇮🇳
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
M&M in major hurdle zoneM&M is in major hurdle zone.
1) It is near Horizontal Resistance Zone
2) It is also near Primary Downtrend Line
A tough position and if it breaks through both the hurdles then it will do wonder.
Click on link which is in update ideaBanknifty analysis - Click on link which is in update idea.
Educational Base.
BEAUTIFUL PICTURE ( TEXT BOOK PERFECT ) COAL INDIA !Beautiful Formation in coal India as likely same as text book example in Coal India
CUP and HANDLE FORMATION
MAX PRICE TARGETS WHICH WE CAN GET IS RS 150/-
IF BREAKS ABOVE RS 150 THEN SURELY WE CAN GET HIGHER TARGETS
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
----------------------------------------------------------------------------------------------------------------------------
Pls consult your financial advisor before investing in any of the financial instruments.
(Finally if you liked the Idea pls provide likes and comments and pls provide suggestion if you something dont like about the idea )
BERGERPAINT NEAR FIBO LEVEL AND TL IS FORMINGBERGERPAINT is near the import fibo level and TL is also forming, once crossed 520 can be good for long.
Bearish Butterfly - DLFBearish butterfly with PRZ marked in chart.
Trade to be entered only if a strong signal bar is seen AND RSI divergence is seen.
Target = 38% retracement of CD.
** Study only for educational purposes, do your own risk assessment before entering the trade **
Nifty - Is Bearish Bat Pattern in formation?As of now if the Structure breaks on the upper side then chances would increase to move ahead to 11700 range.
Probably a bearish BAT pattern forming in Nifty.Expecting the formation to complete if Nifty breaks the structure and gives a close.
BUZZING DAY FOR AUR0 PHARMAAFTER CONSOLIDATION IT SEEMS TO BE BREAKING OUT
PLEASE SEE ATTACHED CHART
Pair - BankNifty, NiftyThe pair chart formed bullish crab pattern with PRZ (1.618 XA) at 2.020, stop loss at (2.00 XA) 1.870.
It has confirmed bullish RSI divergence.
A failed breakdown from 2016 lows of 1.942.
As long as prices are above 1.942, the ratio looks set to revert to 2.280
Strong buy HevellsA bullish butterfly harmonic pattern. Checked with Fibo as well.
Currently closing price is sitting over a very strong Support of 6th Oct 2016 which it tries to break 5 times.
A trend line is closing over support.
I suppose in a day or two a BO will happen as suggested by harmonic pattern.
baj finance rests on the median line.breaking below the median line may take it to T1 and T2.
on close look it will appear head and shoulder pattern whose neck line already broken.
how ever it depends largely how bank nifty behaves.
have a close look at it during market hour,
temporary bounce from the median line is also possible.
Cipla : Multiple resistanceCipla faces important resistance from negative RSI divergence.
Also from falling trendline and Bearish Shark pattern (pointed out by friend Dinesh Nagpal)
Risk reward in favour of correction, as long as it is below 650, with potential support at 490
