Harmonicpattren
Bank Nifty Outlook- Harmonic, Historical & Impulsive 3rd Jan'24Disclaimer:
Trading in financial markets involves substantial risks. Please consult your financial advisor before making any trading decisions. This message is not a solicitation to buy or sell. Perform your due diligence.
WaveTalks - Market Whispers: Can You Hear Them?
Pattern Insight: Bullish Bat Harmonic Pattern
Measurements:
- X at 47411
- A at recent highs of 48636
- B retraced 44.5% of XA leg (from 47411 to 48636)
- C at 48450
Projected Zone for Point-D:
Expected Range: 47550-47575
Key Reasons for the Outlook:
1. PRZ (Price Reversal Zone): The anticipated zone for Point-D of the Harmonic Pattern is between 47550 and 47575.
2.Historical Support-Resistance Play: The resistance level observed on 11th December 2023 could now serve as a support zone.
3. Market Dynamics Trivia: Hey folks, do you know what it's called when resistances transform into supports and vice versa? Question for the day, Traders!
4. Wave Analysis: The initial impulsive decline starting from the highs of 48636 could complete one of its wave degree in the 47550-47575 zone, marked in red as point-D.
Conclusion:
This analysis suggests a potential bullish reversal in the Bank Nifty Index around the 47550-47575 zone, based on :
Bullish Bat Harmonic Pattern,
Historical resistance zone which could act as support zone &
Impulsive fall or drop from the highs of 48636, could complete one of its wave degree in that zone.
Note - If 47550-47575 zone holds as support then a bounce may be expected upside to these levels next after opening fall tomorrow 3rd Jan 2024.
47875 / 47900
48100
Above 48100 - 48225
As always, remember that market conditions can change rapidly, and it's crucial to keep an eye on evolving patterns and indicators.
Trade wisely and stay informed!
From WaveTalks
KASPA-Near to ATH as per Elliott-Wave#KASPA Daily Chart Analysis
Previously, approx. 10 days ago, I created $KAS #Elliott #ImpulsiveWave chart Pattern and it was moved perfectly and as per chart it will be soon break-out old #AllTimeHigh of $0.043 Target in this week and after that, its Correction Wave starts in August and break-down up to $0.033 cent approx.. from August end to Sept. it starts again boost-up to goes upwards as per Harmonic Wave Tangent.
Always #DYOR and Trade wisely by using #StopLoss, its just #NFA
&
Must LIKE, SHARE and COMMENT on IT...
LITECOIN under Bearish Mode#Litecoin 1hr. Chart Analysis
As per previously movements of CRYPTOCAP:LTC into #HarmonicWave Patterns of Butterfly Bullish trend is completed and now CRYPTOCAP:LTC moving under Ascending Broadening Wedge Pattern, it indicates always Bearish signal. It means, Soon CRYPTOCAP:LTC reach out towards lower of $89 soon in 24 hrs. after break-out of $90 again.
As per this Harmonic Wave signal, it's next cycle goes to completion with final cycle on Bullish trend towards $100 again up to next week.
Always read research and analyse pattern, signals, waves and indicators before starts any trade and trade with using of #StopLoss, It's #NFA & #DYOR
also, LIKE, SHARE & COMMENTS on it...
Titan chart studyTitan spot cmp 2665
Daily time frame
Harmonic + price action study
counter is heading towards supply zone as per previous swing high levels.
Counter have bearish butterfly pattern maturing in supply zone
Counter might face some selling pressure around this supply zone.
RSI have bearish divergence with respect to price.
Reversal in trend can be seen, bearish reversal confirmation is pending.
Time for bulls to be cautious till supply zone is not cleared on closing basis.
axis bank NSE:AXISBANK1!
completed shark harmonic pattern
buy above only 846 add more 824 closing sl 814 below target will 884-895-907
then this is area to check 5-0 harmonic pattern conditions
if reversal candle ,sign, seen in this area then will retest for double bottom (820-817)
if no reversal sign seen on this area and show strength with marubozu or gap up then next target will 969-975-1071
BOLO JAI GAJANAND
Go Short below 39500 levelDear Trader,
Nifty Bank has thrown out good sign of Bearish continuation.
As per Harmonic Pattern, we have two major Demand Level at 38800 & 38000, refer Chart.
We can initiate PUT Buying or Future Short below 39500 level & book Profit at 38800 level immediately.
If 38800 level breaks, again enter trade for Target 38000 in current Month Expiry.
#NIFTY 1DTechnical Analysis of #NIFTY based on harmonic xabcd pattern & on support and resistance . 18925 is the very strong resistance & all time high for #NIFTY on daily time frame we should buy above 18925 and previous level candle closing for the target of 19500 and for 20000. #NIFTY 1st support 18400 & 2nd support 18150,we should sell below when 18400 level break's for the target of 18150 & for 18000.
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis . This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
HINDALCO LOOK GOOD FOR LONG (1:17 R:R)hindalco, good for long with very good risk reward of 1:17, you wont get this type of RR easily.
entry- 386.2
stopped- 379.5
target - 494
you can check my previous trades most of them are in good profit.
now i will provide you best RR trades, minimum 1:5 R:R trades,
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NIFTY BANK 1DTechnical Analysis of #NIFTYBANK based on harmonic xabcd pattern & on support and resistance . 43500 is the very strong resistance & all time high for #NIFTYBANK on daily time frame we should buy above 43500 and previous level candle closing for the target of 44000 and for 44500. #NIFTYBANK 1st support 42600 ,2nd support 41900 and 3rd support 41300. we should sell below when 42600 level break's for the target of 41900 & for 41300. All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis . This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.
#NIFTY 1DTechnical Analysis of #NIFTY based on harmonic xabcd pattern & on support and resistance. 18925 to 19000 is the very strong resistance for #NIFTY on daily time frame we should buy above 19000 and previous level candle closing for the target of 19500 and for 20000. #NIFTY 1st support 18640 ,2nd support 18400 and 3rd support 18150. we should sell below when 18400 level break's for the target of 18150 & for 18000.
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis . This is not an offer to buy or sell stocks, futures , options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial adviser and use proper risk management.