Harmonic Pattern Analysis of Axis Bank.
this pattern is called as Bartley pattern as it perfectly following rules of gartely pattern.
I have marked reversal area.
Target I will comment later.. IF IT REVERSES SUCCESFULLY.
This is only for educational purpose.
Hello & welcome to this analysis
Stock is completing its triangle and appears all set to break above it.
Accumulation between 1550-1650 looks like a good idea for upside potential of 2300.
View negates below 1325
Happy Investing
0.5 Retracement point found in previous swings.
Potential AB=CD pattern marked in the chart. Supply and demand zones identified.
If resistance is broken then the potential target is marked.
Until then it is sideways between supply and demand zones.
Bharti Airtel is near its ATH; an attempt has been made to break it but still below the breakout level. This week's closing will decide whether to consider it for a mid-long term swing. Target is calculated according the ABCD pattern of Harmonics.
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...
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.
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....
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...
