Harmonic Patterns
HCL TECHNOLOGIESIt has reversed from the PRZ of a Bullish Gartley and AB=CD. As long as it stays above 533 it can do a pullback till 550-560
COAL INDIACOAL INDIA has made a Bullish Harmonic Shark today. If it holds 182 then it can retest 200-210
NIFTYReversed from the PRZ of a Bullish Bat, AB=CD & Alt Shark yesterday. It has covered the min retracement at 38% with a Bearish Shark. All happening within the slanting channel area. Further upside could be probable above the channel resistance of 11980-12000 while support comes in at 11910-11890.
NiftyNifty through the week was within a falling channel making Lower Lows and Lower Highs. At close today it came into the PRZ of 3 Bullish Harmonic Patterns, namely, Shark, Bat & Gartley. If it were to reverse from this level it needs to survive above 11940 for an hour at least. Then it could move all the way back to test the falling channel at 111975-12025. From that range (or on failure to hold 11885) we could expect the next set of 3 Bullish Harmonic Patterns. namely, Alt Shark, Bat & AB=CD get active between 11830-11860 to conclude this slanting channel trend
crude oil Crude 1/2 hour charts seems to be trading in small range
Crude might test the upper channel trendline and then correction can be seen If breaks the upper the Channel heavily bullish
BELIt has completed its Bullish Harmonic Alt Shark and is showing signs of reversal. A bounce back till 108-110 is possible provided it does not go below 99
Adani EnterprisesWeekly time frame Bearish Harmonic AB=CD can retest 180
Daily time frame diagonal ending, breakdown below 203
Hourly time frame Bearish AB=CD prz 215
View would negate above 223
BoschThree Bullish Harmonic Patterns in alignment in Monthly Time Frame
Gartley / Butterfly / AB=CD
Ichimoku study also suggests a pullback to Kumo around 18000
View goes wrong if it moves below 11600
TCSThe retracement from the resistance could be ending here near a Bullish Cypher which is close to both daily and weekly support. The overall uptrend view along with this would get negated below 2085
ASIAN PAINTS WEEKLY ANALYSISFLAG PATTERN IF LOWER LINE BROKEN ON 1 DAY CANDLE CLOSING BASIS GO SHORT TARGET GIVEN
UjjivanHas entered into the PRZ (267-261) of a Bullish Harmonic Bat today. A bounce back till 280 and above that 300 is possible if the pattern does not get negated below 255.
ITC WEEKLY CHART ANALYSISIN A WEEKLY CHART WE CAN SEE TWO LONG TERM TREND LINES AS MENTIONED UPPER LINE HAS GIVEN THE STOCK RESISTANCE THREE TIMES SO FOURTH TIME STOCK SHOULD TOUCH IT AS GIVEN WITH ARROW FOR THIS, STOCK MUST CLOSE ABOVE HORIZONTAL LINE AND LOWER TREND LINE ON WEEKLY CHART HAS GIVEN SUPPORT THREE TIMES IF IT TAKES RESISTANCE FROM HORIZONTAL LINE IT MAY DIVE DEEP TO 243 LEVEL WHICH IS BEST FOR FRESH INVESTMENTS GOOD LUCK
NOTE: FOR EDUCATION ONLY
Cautious view from US MarketCautious view from US Market
DJI may test 27200-27000 zone.
tgram at jtradingview
Cautious View On IndusBankCautious View On IndusBank
Strong Support Zone: 1400-1415
tgrm at jtradingview
