AUBANK 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.
usingharmonic method
buy trigger for target range 2600-50
stop as per comfort
supportive indicator used for this buy entry are
ichimoku, rsi
disclaimer - trade @ own risk
Not so perfect but ABCD pattern is finished and now it is a buying opportunity above 796 with targets of 806.50, 815, 823, 849.50
Stop loss will be below 786 and once the T2 is reached it will be shifted to entry to safeguard the capital.
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...
PIIND 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.
we can long exxaro tile from long time we can see good consolidation in this particular scripts, lower swings are getting upper day by day. and upper swing are getting compressed. we can see a good move as per harmonic upto 190 in this particualr script
thanks
Hello & 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...
AARTI 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.
+ stoploss is Less from the current level and reward is high
+ fundamentally good stock available at discounted discount
+ #harmonic pattern suggest reversal signal on long side
+ trade with proper logic and not greed
Indigo 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 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...
weekly 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...
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...
Dear 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...
Please refer Chart which shows wider Range from 43500 to 44500 level.
Break of it can give us Trending movement positional.
Intraday is trickiest part which needs money management & right Entry.
Major Intraday Resistance is 44100 level, above it we can trade short covering moves till 44450 level, if Index opens flat with +/- 50 points.
Acc. to XABCD pattern, we...
NIFTY50 index has approximately fallen 1500 points from all time highs of 18900 levels and a possible reversal is coming from major support areas of 17200 to 17000 , there maybe a start of another rally towards all time highs and also towards 20k levels in the index . A good bottom formation and a breakout of highs can give confirmation of a trend change , so for...
