Tata Steel Buy On ZoneBuy At CMP 1100-1114
Stop Loss 1050 (CLOSING BASIS)
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Harmonicsignals
BUY AARTI DRUGS For LONG TERMHEY TRADERS,
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Go Long On Heritage Foods Buy At CMP
Stop Loss 425 (CLOSING BASIS)
{Risky Trade}
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Bank Nifty Short Term Reversal Zone
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Amara Raja BatteryBuy At 632
Stop Loss 607(CLOSING BASIS)
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Hindustan Aeronautics Wait For My Instruction
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Amara Raja Batteri ReversalAmara Raja Batteri Reversal At 632
Stop Loss 607 (Closing Basis)
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Exide Industries Reversal
Exide Industries Reversal at 150-152
Sl Closing Basis 142
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L&TFH ReversalBuying Range CMP
Stop Loss 69.80
Closing Basis
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CNX FinancialThe introduction of the index into derivatives has come with a Bearish Alt Bat Harmonic pattern formed in Weekly Time Frame . A daily close below 15475 could lead to long unwinding that might make the index retest 15000 / 14000 . The view would be negated if it breaks above 15700 on hourly closing basis (after activating a down move)
NIFTY FINANCIAL INDEXAt the PRZ of a bearish Harmonic Bat in Weekly time frame it made a bearish reversal Candlestick today. A follow through tomorrow onwards would confirm a downward move for 13250 and below that for 12000. The view would negate if it sustains above today's high.
The index constitutes of all the large Banks and large Finance companies.
Harmonic Bat is a 5 points pattern based on specific Fibonacci Ratios which signal a reversal of trend for 38-50-62% of the last leg of the trend ending.
NiftyIt has made a Bearish Harmonic AB=CD today along with a negative bearish divergence. The mid point of the parallel channel coincides with the Ichimoku Kijun support near 12500. Failure to hold the level on hourly basis could trigger a short term decline till 12250-12000 which coincides with the expected fibonacci retracement of the bearish pattern, Ichimoku Kumo support and lower end of the parallel channel. The next resistance for Nifty is at 12825 and above that at 13100/13500
NIFTYIt might be forming a THREE VALLEYS & A RIVER in hourly time frame. It has two bearish Harmonic Trading Patterns at 11875 (Deep Crab) and at 11975 (Alt Shark). "If" a REVERSAL were to occur from that zone then the downside expected levels could be 11750 / 11550 / 11400. The negation point would be at 12020
HDFC BANKHDFC Bank reversed from a Bearish Harmonic Bat and now has activated a Bearish C Clamp as per Ichimoku study. It faces resistance at 1210 and it could retrace till 1130/1080 provided it does not breach above 1240
Harmonic Trading Patterns are formations based on Fibonacci Ratios which indicate reversal of a trend with retracement levels of 38-50-62% of the trend line.
Ichimoku is a Japanese origin study of charts based on specific Moving Averages combined together to give a trend based signal in terms of both Price and Time.
TITANIt has made a Bearish Harmonic Bat in daily time frame. It could retrace till 1200/1175/1100 provided it does not start sustaining above 1270 once again.
Harmonic Patterns are derived from Fibonacci Ratios when each angle of retracement aligns to confirm a reversal probability of 38-50-62 % of the existing trend.