Harmonictraders
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
Bank nifty case studyBank nifty spot cmp 45344
weekly time frame
wolf wave + pre assumed harmonic formation
Bearish wolf wave formation
Index have just touched the resistance line of ascending wedge formation.
may be can still give bit higher move of 300-400 points.
may be can reverse from current levels it self,
bearish divergence on rsi and macd with respect to price.
Pre assumption of cypher pattern formation on weekly time frame.
Leg c have extended around 1.10% of Leg AB, so as per harmonic can still it extend to levels of 1.13%,
but once reversal confirms, the fall will be brutal and unexpected..
Caution ahead for bulls,,
Note i am personally short from 18600 levels and might add short at current levels on nifty..
this is not trade recommendation, take it as understanding
NIFTY SPOT CMP 19315weekly time frame
wolf wave + pre assumed harmonic formation
Bearish wolf wave formation
Index is trading above the resistance line of structure. over bought
bearish divergence on rsi and macd with respect to price.
Cyper pattern roll out,
leg C should be 1.13% of leg AB, at the moment its around 1.128 almost at maturity levels.
if this pans out, there can be sharp fall from current levels. going ahead..
caution for bulls,,
Dow jones Index Dow jones 34250
Index is facing price rejection around 34350-34600 range.
If index is not able to cross above 34600 range and sustain.
Pre assumption of harmonic pattern formation, resistance as per previous swing high levels.
would act as stiff resistance, reversal from current levels would lead to steep selloff in index.
down side levels of 32500-32000-31500 possible..
Bulls time be cautious
N50 approaching ATHDear 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 area
Acc. to XABCD we have target 18950 level in coming sessions.
But Index movement cannot be straight,refer green line pattern.
So need to wait patiently for Target.
SL IS 18450 LEVEL. IN ANY CASE, WE MUST EXIT POSITIONS.