PUNJAB NATIONAL BANKHello & welcome to this analysis
In July 2025 it activated a bearish Harmonic Butterfly pattern at 115 that lead to its current decline at 38 Fibonacci of its rally.
Going forward it could continue to decline till 100 where it would likely form two bullish Harmonic patterns - Shark & ABCD around the 50 Fibonacci retracement.
It has resistance now between 110 - 108 from where it fell with heavy volumes couple of days back.
All the best
Regards
Harmonictraders
INDIAN RUPEE Hello & welcome to this analysis
$:INR has been swinging from a series of Harmonic Trading Patterns successfully this year as show in the chart.
With RBI POLICY coming up this week, will it be successful for the fourth time in a row?
Whatever it does, there is definitely going to be an impact of commodities particularly Crude, Gold & Silver that appear to be bullish.
All the best
GOLDHello & welcome to this analysis
GOLD (Comex) 4hrs is going to enter the potential reversal zone of a bearish Harmonic Shark pattern between $3135 - $3155. Pattern negates above $3167.
Probable retracement levels $3100 / $ 3075 / $3025 / 2950
If it sustains above $3170-$3200 it gets v strong and will attempt $3300
Gold Price Today: Sharp Drop Followed by a Sudden SurgeLast night, the global gold price briefly dropped to 2,865 USD/ounce, but it quickly surged back to 2,905 USD/ounce by the morning of February 13, 2025, driven by an increase in demand for safe-haven assets. The initial drop in gold prices was triggered by inflation data from the U.S., with the January 2025 Consumer Price Index (CPI) rising by 0.5%, higher than the expected 0.3%, sparking concerns about the FED's ability to maintain low interest rates. This information dampened expectations of a rate cut, putting pressure on the gold market. However, despite a slight sell-off, concerns about rising inflation and geopolitical tensions continue to fuel strong demand for gold as a safe-haven asset.
The recovery in gold prices indicates that investors still trust the value of this precious metal as a hedge against global economic instability. From a technical chart perspective, gold is currently supported by the 2,879 USD/ounce level, setting the stage for a potential upward trend. The next target is to challenge the resistance level of 2,933 USD/ounce. If gold surpasses this level, it could quickly move toward the 2,950 USD/ounce mark. Breaking through the 2,933 USD/ounce resistance would open the door for a stronger rally in the short term, pushing gold toward higher levels and solidifying its position as an essential safe-haven asset in investment portfolios.
Finolex Industries LTD view based on harmonic patternsMy view on Finolex Industries LTD, as you can see there is nice gartely pattern has been formed , alongwith that it has got support at 0.78% fib level.
Based on FIB level , target is marked and SL is also placed.
So, lets look how it turns.
Thank you.
#finolexindustries #harmonicpatterns #finolex #harmonictrader
AARTI INDUSTRIES TECHNICAL VIEWThis is my view on Aarti Industries based on harmonic patterns.
On daily time frame Gartely pattern is visible, along with that bullish pattern is seen, 2 targets have identified, lets see how it goes.
Thank u, This is just my view and not recommendation for trade.
Please trade with the help of your financial advisor.
#aartiindustries #harmonicpatterns #technicalanalysis
ONGC -Turning Upside Down (Picked 60 for 200 / 300)- Careful!Disclaimer:
Trading in financial markets involves substantial risks. Consult your financial advisor before making decisions. This commentary is not a solicitation to buy or sell.
WaveTalks - Market Whispers: Can you hear them?
April 2024
Stock reached close to 300 & completed all its target as expected in 2020 .
Time to be careful ? Why ?
Close to Resistance of 314 . Unfolding Bearish Bat with PRZ 88.6% classic zone 300-275 . Stock topped at 287
Stop loss
Pattern invalidates above 287 .
June 2020
Video Idea ( Short Term Sell & Long Term Pick holding 55-60 for 200+ & 300+)
Dec 2020
Follow up - Did you pick this stock for your portfolio
Nov 2021
Reaching close to 210 Target
LONG TERM VIEW FOR "DELHIVERY"The current monthly chart is showing a perfect price-action for value-investing. The main advantage why we should consider reversal trading as our best-shot strategy is a good risk-to-reward ratio. The XABCD patterns for the current impulse wave helps us to find out the potential long term targets for the scrip.
BankNifty - The Last Leg in Bearish Bat 45600 to 47000 Disclaimer:
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?
As discussed in the last idea today - 19th jan 2024 during last hour of trading. Index holded 45550-45600 zone rallied upside towards 45700+
We suggested to have patience & buy close to 45600
Strict Stops below 45550
Happy Saturday Trading !!!
ABCD under formation in AUBANKAUBANK is forming a harmonic pattern (possible) ABCD.
The projected completion point is 788.20 spot price.
The invalidation point for this pattern will be 758.35, the price if rejected from here and breaking the B level will invalidate this pattern.
The stock is for analysis for possible trade opportunities for SELL on the completion of this pattern.
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
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
#AARTIIND LongAARTI INDUSTRIES creating a wonderful opportunity for a LRHR trade setup with only one down leg pending. Considerable buying range is 450-440 with a stoploss of 425. The Double zig-zag corrective waves is in its final leg supported by a classic Gartley harmonic pattern and also a classic crab in DTF.
INDIGO CASE STUDYIndigo spot cmp 2620
weekly time frame
Harmonic study
Bearish butterfly pattern formation
PRZ in range 2620-2650
Price rejection is observed at weekly high levels,
high price of last week and current week are almost same,
Till we dont get any breakout above this levels, counter have probability to retrace,
bulls need to be cautious at the moment,,
keep watch