MEDPLUS HEALTHHello & welcome to this analysis
From a bullish Harmonic Bat pattern to a bearish Harmonic Alt Bat & bearish Harmonic ABCD in the weekly time frame.
Stock has entered in to potential reversal zone (PRZ) 1010-1050 of a bearish reversal probability.
Also note the 52w high and recent surge in price has come with low volumes.
A daily close below 940 could further pull it down towards 850-775.
Pattern negates if price moves above 1075
All the best
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.
ICICI BANKHello & welcome to this analysis
A bearish Harmonic Crab pattern has been activated in the daily time frame suggesting downside levels till 1350-1300 probable if it starts sustaining below 1390 which is a line of support as of now.
Its made a gap down today, any pullback till the gap area could witness another round of selling.
The pattern negates above 1465
IOCHello & welcome to this analysis
A deep 6 months correction lead to the formation of a Bullish Harmonic Crab pattern in March 2025 post which during accumulation (consolidation) phase formed an Inverse Head & Shoulder.
A 38% retracement of the bullish harmonic pattern has been done and now its completing a pullback of the IHS breakout by retesting the neckline.
Potential upside levels are 145 and 160 for both the IHS & Bullish Harmonic Crab
All the best
RBL BANKHello & welcome to this analysis
Stock has activated two bullish harmonic patterns within the same potential reversal zone - Deep Crab and Bat.
As long as it holds 135 it could retest 190-200 (gap area), above that 225-235 (area of distribution before breakdown)
Decent risk reward set up for medium term perspective
TARSONS PRODUCTSHello & welcome to this analysis
A small cap stock recently listed in November 2021 has been on a downhill after making a double top in weekly time frame continuously making lower highs & lower lows.
As of now earliest sign of reversal is above 450-475 while any decline till 360-370 could find it at the support of a Bullish Harmonic ABCD pattern.
Happy Investing
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
DELTA CORPHello & welcome to this analysis
Stock has entered into the potential reversal zone of a Bullish Harmonic Gartley.
As long as it does not break below 98 it has the medium term potential to retest 160-250 and then maybe more.
Since this is a monthly time frame pattern, its more of an investment idea than a short term trading one.
Happy Investing
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
S&P 500Hello & welcome to this analysis
The index saw a super duper reversal from a Bullish Harmonic Bat in end October near 4100.
Now it has an immediate resistance coming up near 4600 where we might see some consolidation, above that it enters into the PRZ of a Bearish Harmonic Alt Shark near 4650 which could trigger some profit booking.
From 1 harmonic pattern (bullish) to another harmonic pattern (bearish)
Safe trading
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
BAJAJ FINANCE - 33% RETURNS!!!BUY - BAJAJ FINANCE LTD
CMP - Rs. 5649
Target - 1: Rs. 6880
Target - 2: Rs. 7689
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Technicals - 1) Bullish Harmonic Pattern - Anti-Crab.
2) Targets set using Fibonacci Retracements.
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Comment - The 2nd target will be achieved in the medium-term
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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.
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.
ICICIBANK - LONG TERM - HARMONICSPotential Bullish butterfly yet to complete.
PRZ marked with the completion of the above-mentioned pattern. Also, potential targets on the CD retracement are marked with fib retracement plot.
Security is in a bearish trend as 20 EMA is trailing below 50 & 100 EMA on daily TF.