Hello 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...
SIEMENS is on the verge of breaking above two crucial patterns on an hourly charts with good volumes:
1) triangle pattern
2) bullish butterfly
Could be bought above 3760 with mentioned stoploss & target.
Dear 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...
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...
Bullish Bat Harmonic completed on daily TF.
Potential Targets marked based on Fib retracement.
Security is still in the bearish zone, trading below 20 EMA.
Potential 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.
Potential 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.
Potential Bullish AB=CD harmonic pattern.
Resistance marked basis on current swings fib retracement. Supports marked on the basis of Fib extensions.
If 1538 is broken, next support will be 1493.
Sharp rejection from a retracement of 0.382 of the previous swing.
It tested the trendline multiple times.
Currently in the demand zone, if that is broken, we can see more downside—targets in the chart.
Hello & welcome to this analysis
The H&S formation saw it complete its minimum breakdown of 1-1.27x Fibonacci extension.
Today in the daily time frame it completed the formation of a Bullish Harmonic Gartley suggesting a reversal from the current level (3900) for 4250 and 4400 as long as it does not go below 3800.
Happy Investing
Bearish Bat Harmonic Pattern at the tops of 38231. Sell Triggers below 37941
Trading Strategy
Traders have to sell once it triggers below 37941 with recent high as stop loss later.
Targets
1st Target - 37655
2nd Target - 37522
3rd Target - 37249
Thank You.
Date: 23/5/22
Stock: Aegis Logistics
Reason: Chart is self explanatory, Volume accumulation going on, retest done after BO on weekly chart, Inverse H & S pattern forming on daily chart.
Major resistance is 250 for longterm
Buy: At cmp for swing trade for target 250 and for longterm buy after 250 BO.
SL: 170 major resistance
The chart is for study purposes and not a buy or sell recommendation. I am a student trying to learn harmonic patterns and their potential. This analysis serves as a log to track my studies
INFO EDGE
1- INFO EDGE is a range from last few days, most of the time whenever the stock comes out of range, They move like crazy
example - You may check PolyCab ( 13th Jan Chart)
2- Once Point B is broken then the Harmonic Pattern will get activated
3- It is making a perfect Flag and pole Patterns which itself again one of the bullish Patterns
- All these...
