Harmonic Patterns
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.
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.
HINDUSTAN UNILEVERGSK will be doing a stake sale tomorrow in HINDUSTAN UNILEVER the price could be between 1950-1850. As per Harmonic Trading Pattern study 1825-1850 has a bullish Crab. It also would be a retest of the rising trend line from where it had made a Bullish Cypher earlier this year. The reversal from high's was picked via a bearish Ichimoku set up which had completed its downside target. (link mentioned below) Now the possibility of a bounce back and/or continuation of uptrend within the rising channel.