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Harmonicpatternspotential

MAX FINANCIAL SERVICES LTDHello & welcome to this analysis The stock has entered the potential reversal zone (PRZ) in monthly time frame of double bearish harmonic patterns - ABCD & Deep Crab. The probable zone is between 1460 - 1500. Since this is a monthly time frame pattern a bearish derivative trade would be risky as it could firstly take a lot of time to reverse after distribution and secondly the stop loss for the trade would be very high since the range is big. This signal should be initially be taken as an alert not to attempt a fresh long at the current level and wait for some weekly to daily time frame weak signals to take a short trade if it reverses for 1300-1200. The pattern would become invalid above 1600. The acceleration for downside would happen once it starts sustaining below 1400 (as of now), this will keep changing week on week till the pattern is valid.
NSE:MFSLShort
by Dinesh_C_Nagpal
3
NIFTYHello & welcome to this analysis Nifty in the hourly time frame has activated a Bearish Harmonic Alt Shark with the sharp drop since opening bell today. Now its gone onto make a Bullish Harmonic Reciprocal ABCD, however, since the drop was very sharp and its yet to do 38% of its minimum expected retracement, a confirmation for this bullish reversal will be once it starts sustaining above 22475. Failure to hold today's low so far opens for the 38-50-62% retracement levels
NSE:NIFTY
by Dinesh_C_Nagpal
1
HANG SENGHello & welcome to this analysis HANG SENG is entering the PRZ of two bullish Harmonic Trading Patterns in the monthly time frame, Cypher and Butterfly. The index has been in a downtrend since 2017, the potential reversal zone is between 14450-13950 would also coincide with a probable parallel channel starting from 2008. In India the Nippon India ETF Hang Seng Bee (HNGSNGBEES) is listed in BSE. One can look at it from a medium to long term investment perspective since this is a monthly reversal signal coming up. Happy Investing
TVC:HSILong
by Dinesh_C_Nagpal
NIFTY MIDCAP SELECTHello and welcome to this analysis The index has formed a Bearish Harmonic Deep Crab in the weekly time frame. It is currently in the PRZ zone of 9050-9400. As of now its not showing any sign of weakness. If it starts sustaining below 9050 the bearish structure would get activated for 8600/8250. There is resistance between 9200-9250. One should wait for confirmation of weakness then look to exit longs and/or fresh shorts. Fresh aggressive trading inside the PRZ should be avoided either side. All the best
NSE:NIFTY_MID_SELECT
by Dinesh_C_Nagpal
1
N50 approaching ATHDear Reader, Index has spend a good time in consolidation phase 18000-18500 area. Now its time to move trendy for next 450-500 points. We have strong Resistance in 18600-650 area. Global data shows a gap up opening in this area. First half, we may see profit booking till closing price. After 11 a.m. we can accumulate in Buying positions around 18525/575 area Acc. to XABCD we have target 18950 level in coming sessions. But Index movement cannot be straight,refer green line pattern. So need to wait patiently for Target. SL IS 18450 LEVEL. IN ANY CASE, WE MUST EXIT POSITIONS.
NSE:NIFTYLong
by yatin160991
1
BANKNIFTY is in RANGE but Tradeable!Please refer Chart which shows wider Range from 43500 to 44500 level. Break of it can give us Trending movement positional. Intraday is trickiest part which needs money management & right Entry. Major Intraday Resistance is 44100 level, above it we can trade short covering moves till 44450 level, if Index opens flat with +/- 50 points. Acc. to XABCD pattern, we can see 0.886 level in 44400/450 area. If opens gap up & reach this area, we can plan Shorts but entry must be acc. to price action formation. Switch to 5 min chart, look for M pattern & enter below swing low with SL @ high. Target 44100/150 area. We have both plan.
NSE:BANKNIFTY
by yatin160991
1