Fabulous Feb Fantastic FutureCoromandel Future broke above descending channel pattern on an hourly charts with decent OI, also on the verge of breaking past butterfly 🦋 pattern (1111).
Buy at CMP add more above 1111 with mentioned stoploss & target.
R:R = 1:4
Not to be missed
Harmonicsignals
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
L&T FINACE HOLDINGHello & Welcome to this analysis
Stock has entered in the PRZ of a Bearish Harmonic Bat Pattern in the monthly time frame suggesting a retracement 135-115.
The pattern gets negated above 188 - X pt of the pattern.
Since this is a monthly structure it could see a longer period of consolidation before it either does a distribution and dips down or after a sideways accumulation breaks on the upside.
Downward trigger level currently is at 155 on weekly basis.
Safe trading & 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
NIFTYHello & Welcome to this analysis
GIFT NIFTY 4 hourly chart in the PRZ of two bullish Harmonic Patterns - Alt Bat and Crab.
The Alt Bat gets negated below 19200 while the Crab gets negated below 19150.
Sustaining above 19350 the probability of a rally/bounce would be high.
Regards
MARUTI Hello and welcome to this analysis
Maruti has been a rank outperformer now for 2 decades. Stock has currently reacted to a resistance suggesting probability of some more pullback.
Overall stock has tremendous potential for further upside over medium to long term. Investors could look at an opportunity to add via SIP in the broader range 9500-11000 while traders can look for swing trading opportunities with resistance near 10400-500 and support at 9800-9600.
Happy Investing
S&PHello & welcome to this analysis
S&P has entered into the PRZ of a Bullish Harmonic Gartley pattern.
A bounce/reversal could be expected as long as it does not breach below 4375
Regards
BREAKOUT, RAJESH EXPORTS, 95% RETURNSBUY - RAJESH EXPORTS
CMP - Rs. 523
Target - 1: Rs. 769
Target - 2: Rs. 1015
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Timeframe - 4 months - 8 months
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Technicals - Bullish Snorm Harmonic Pattern
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This is just a view by an expert analyst, please invest at your own risk.
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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
IOB - 100% RETURNS!!!BUY - IOB
CMP - Rs. 22
Target - 1: Rs. 30
Target - 2: Rs. 36
Target - 3: Rs. 46
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Technicals - 1) Bullish Gartley Harmonic Pattern.
2) Targets set using Fibonacci Retracement.
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Long PIIND for Target of 3698PIIND on daily chart has formed harmonic pattern and has potential for bullish run now.
Stop Loss on closing basis - 2899
Target 1 - 3289
Target 2 - 3630
Target 3 - 3698
If target 3 is achieved then 4051 is next target after retracement.
DOLLAR INDEXHello & welcome to this analysis
In the daily time frame it has now come to a falling trendline resistance which has also activated a Bearish Harmonic Reciprocal ABCD pattern. Coincidentally, the swing low was also formed with a Bullish Harmonic ABCD pattern.
A retracement from here could take it to 102.75 and below that 102.15. The pattern would be considered negated above 103.90
BIRLA CORP - 75% RETURNS!!!BUY - BIRLA CORPORATION
CMP - Rs. 921
Target - 1: Rs. 1239
Target - 2: Rs. 1454
Target - 3: Rs. 1615
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Comment: Target - 3 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern - Anti-Crab
2) Targets set using Fibonacci Retracement.
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IRFC - 65% RETURNS!!!BUY - IRFC
CMP - Rs. 26
Target - 1: Rs. 30
Target - 2: Rs. 34
Target - 3: Rs. 42
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Technicals - 1) Bullish Bat and Navarro 200 Harmonic Patterns.
2) Targets set using Fibonacci Retracements.
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DILIP BUILDCON - 210% RETURNS!!!BUY - DILIP BUILDCON LTD
CMP - Rs. 168
Target - 1: Rs. 305
Target - 2: Rs. 389
Target - 3: Rs. 526
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Technicals - 1) Bullish Harmonic Pattern - Navarro 200.
2) Targets set using Fibonacci Retracements.
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Fundamentals - 1) The stock emerged to be the lowest bidder for a highway project worth INR 7.8 Billion. This may be
justified by the fall in quarterly profits or the lack of funds required for taking on the project.
2) However, their annual profits have been consistently rising, and the new Budget for FY 2023-24 supports
infrastructure companies, indicating a rise in profits.
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ENGINEERS INDIA - 164% RETURNS!!!BUY - ENGINEERS INDIA
CMP - Rs. 75
Target - 1: Rs. 117
Target - 2: Rs. 150
Target - 3: Rs. 200
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Comment: Targets 2 and 3 will be achieved in the long term.
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Technicals - 1) Harmonic Pattern indicating Bullish Reversal.
2) Targets set using Fibonacci Retracements and Gann Angles.
3) The stock is at support.
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ICICIGI - 45% RETURNS!!!BUY - ICICI LOMBARD GEN
CMP - Rs. 1071
Target - 1: Rs. 1364
Target - 2: Rs. 1537
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Technicals - 1) Harmonic Pattern - Cypher
2) Targets set using Fibonacci Retracement
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GLENMARK PHARMA - 140% RETURNS!!!BUY - GLENMARK PHARMA LTD
CMP - Rs. 449
Target - 1: Rs. 702
Target - 2: Rs. 914
Target - 3: Rs. 1061
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Technicals - 1) Harmonic Patterns - Anti Nen Star, Sea Pony, Leonardo
2) Targets set using Fibonacci Retracements and Gann Angles.
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Comments - Target 2 and 3 will be achieved in the long term.
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MUTHOOTFIN - 45% RETURNS!!!BUY - MUTHOOT FINANCE LTD
CMP - Rs. 981
Target - 1: Rs. 1230
Target - 2: Rs. 1410
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Comment: Maximum Returns - 45%
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Technicals: 1) Bullish Harmonic Pattern
2) Targets set using Fibonacci Retracement
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LSIL - 85% RETURNS!!!BUY - LLOYDS STEEL INDUSTRIES LIMITED
CMP - Rs. 16
Target - 1: Rs. 21
Target - 2: Rs. 24
Target - 3: Rs. 30
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Technicals - 1) Bullish Harmonic Pattern - Sea Horse.
2) Targets set using Fibonacci Retracements and Gann Angles.
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Comment - Target - 3 will be achieved in the long term.
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ONGC - 50% RETURNS!!!BUY - ONGC
CMP - Rs. 148
Target - 1: Rs. 175
Target - 2: Rs. 192
Target - 3: Rs. 220
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Technicals - 1) Bullish Three Drives Harmonic Pattern.
2) Bullish Symmetrical Triangle nearing a breakout.
3) Price targets set using Fibonacci Retracements.
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KASPA - Soon Break ATH by Elliott Wave#KASPA 1-day Chart Analysis
As per daily chart pattern, $KAS is moving into #Elliott #ImpulsiveWave Pattern and soon it's final wave near to completion as well it will be soon break-out previous All Time High of $0.043 cents too, while at present it is trading at $0.039 cents and KAS is already given 2x-3x returns from last 50-60 days, when Elliott Wave starts on 25 May 2023.
After Elliott Wave Completion, it's Correction Wave Pattern will be starts and again it will be available around $0.031 to $0.033 cents and after that it's Harmonic Wave final cycle will be in completion to start another Bullish Sign towards $0.05 cents from Oct-Dec. 2023.
It's our Analysis, you always #DYOR and Trade wisely by using #StopLoss.
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