Dixon Technologies - Bearish Crab Harmonic Pattern Script Name - Dixon Technologies (Daily)
Name of the Pattern - G1 Bearish Extreme Crab Pattern
PRZ 1 - 3861.90 , PRZ 2 - 3869.20 , PRZ 3 - 3873.25
Stoploss - 3980
Harmonictraders
NIFTY50 trend analysisNIFTY50 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 now nifty is highly possible to reach levels of 17200 from current price and am expecting a rally from 17k-17200 levels NSE:NIFTY
Bank nifty chart study
Bank nifty harmonic abcd pattern formation , and at the moment on the verge to break below the ascending channel. once sustain below the support line of channel for atleast 2, 15 mins candle, ready for a sharp reversal.
Keep watch. above today high scenario change for life high levels.
AMBUJACEM- Bearish Harmonic SELL!Attached: Ambuja Cements Hourly Chart as of 21st April 2023
Price is heading Down on its Way to Meet the Harmonic Pattern Targets (SELF EXPLANATORY just see Chart for levels)
Some other Points to also note are as follows:
- Hourly MACD in Sell and below 0 line
- Hourly RSI below 30 and Oversold (as it should be in a Bear Trend)
- 20 Hour EMA below 50 Hour EMA and in Sell Mode (blue and red ma)
- Price has broken below 200 Hour EMA (black ma)
All these are characteristics of a Bear Trend
Auropharma Bearish Extended Extreme Shark PatternAuropharma Bearish Extended Extreme Shark Pattern
After consistent rise we may see correction near 525.30
RELIANCERELIANCE broke out of triangle pattern as well as butterfly pattern above(2359) with good volumes.
Could be bought with stoploss of 2325 & targets of 2400/2420.
Note:- Reliance results tommorow.
NIFTY 50NIFTY 50 Analysis
Time Frame - Daily
Study - Bullish Butterfly Pattern and two pin bars after big downtrend
Conclusion and Targets -
View 1 - If Nifty sustains above 16751 , Then Immediate target would be , 17267,17450,17820
View 2 - If Nifty breaks 16751, then expected big correction below 16500
Disclaimer - This Chart is only for educational purpose. Do your on study before taking any trades
Laurus labsNo buying selling recommendation
. Laurus labs Looking good technically, before investing check fundamental also
Here i share only technical analysis
Nasdaq 100- Bull Trap, SELL!Attached: NDQ Daily Live Market Chart as of 20th March 2023
- Price has triggered a Bearish Anti Butterfly Harmonic Pattern
- Price has also broken Previous Day Low with Previous Day being a Doji Candle
- And this Sell Off today comes after a Run up which is potentially a False Breakout from a Bull Flag
- The saying goes like, "From False Moves come Fast Moves in the Opposite Direction"
- The Divergence between S&P 500 and Nasdaq looks like Nasdaq will resolve on the Downside to align with the S&P 500
Plan of Action:
Price Holding below 12680
has a Downside📉 Target🎯 open to:
T1= 11830 to 11700
T2= 11250 to 11100
Chain Reaction above 39500 levelDear Traders,
BNF is going to open Gap Up with good points.
Gap Up above 39500 level will generate Chain Reaction of Short Covering + Fresh Buying Momentum.
Our idea is still Valid for target 40150/40500 level.
Pullback confirmed for LONG position.Dear Traders,
Index confirmed by closing above 39400 level.
We have Target 40300/40700 in coming sessions.
BPCL- Bullish HARMONIC Buy Signal!Attached: BPCL Weekly Chart as of 17th March 2023
Going by Harmonics:
A Bullish Anti Bat Pattern has got activated with this Week's Bullish Power Candle Close above 350. This is a BUY signal!🚀
Going by Dow Theory:
We see that Price has also put in its First Higher Low of 314 since the Lows of 288 back in October 2022. This is a Sign of a Trend Reversal Structure.
The Prior Trend was DOWN on the Weekly TF. Now it appears the Trend is turning on the UPSIDE.
Coming back to the Harmonic Pattern, our Plan of Action for a Positional Trade is:
Buy Entry triggered at Current Market Price of 351✅
Stop Loss can be placed below 52 week low which is ~ < 288⚠️
Upside Targets🎯 as follows:
T1= 380 to 400
T2= 480 to 500
T3= extension beyond 500 level, towards Prior ATH / New ATH
(Also do check out my related idea on BPCL which looks at the Daily TF)
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If I were to talk about some Fundamentals,
then BPCL also has a 4.5% Dividend Yield which is quite Attractive in a Rising Interest Rate Environment that the Global Economy currently is in
And so it is also a Buy if you consider the Dividend along with a Capital Appreciation potential📈
RALLIS INDIA - HARMONIC PATTERNSBUY - RALLIS INDIA LTD
CMP - Rs. 193
Target - 1: Rs. 232
Target - 2: Rs. 252
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Technicals - Harmonic Patterns - 1) Anti Cypher
2) Black Swan
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Maximum Profit - 30%
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Follow me for more!
IGL - Is Further Upside Possible?BUY - INDRAPRASTHA GAS LIMITED
CMP - Rs. 431
Target - 1: Rs. 511
Target - 2: Rs. 580
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Technicals - Harmonic Patterns
Ascending Triangles
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Targets have been set using previous resistance zones.
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Follow me for more!
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This chart is for educational purposes only.
GO LONG above 39400 levelDear Trader,
Index is gone thru turmoil due to global sentiments.
Now its time for recovery. Lets analyze how the Index can recover & what can be the level.
39400 was good Support which hold the Selling Pressure in last month but this month Index broke & retesting it.
If Buyers again regain the level, we have first Target 39700 level.
39700 level can be crucial. If this area surpass swiftly, we can see 40700 level soon in Monthly Expiry.
I have released Bull Spread in 39100/200 area
Bought 3 Lots of 40000 CE 29th March @ 325
Sold 6 Lots of 40500 CE 29th March @ 170
Will Exit trade in two condition.
If Index moves below 38800 level OR If Index reach 40700 level.
IEX - 100% RETURNS?BUY - INDIAN ENERGY EXCHANGE
CMP - Rs. 152
Target - 1: Rs. 172
Target - 2: Rs. 196
Target - 3: Rs. 246
Target - 4: Rs. 301
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Technicals - Ascending Triangle - Chart Pattern
Bullish Harmonic Pattern
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Follow me for more!
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This post is for educational purposes only. Invest at your own risk.
TCS - Harmonic AnalysisPotential Reciprocal AB=CD pattern.
Initial Targets of CD retracement of 0.382 and 0.5 are marked.
Infy Daily TF - Long TermPotential Bullish Gartley pattern identified.
A Retracement zone of 0.7 was marked from the previous swing for the supply zone.
If the D leg is tested with the fall and the price sustains above supply zone targets are marked with 0.382, 0.5, 0.618 levels of retracement of the CD leg.
TCS - Daily TF - Long TermHarmonic -
1. Potential Bullish butterfly pattern on daily TF.
2. Testing critical support/demand zone. If this is broken Tgts 3219, 3126
Elliott wave -
1. Irregular ABC correction is ongoing.
2. Currently, testing 0.618 retracements of B wave, if this gets broken elongated C is confirmed. First target 3151 and 1-1.236 projection of A and B wave.
3. If there is a retracement from the current demand zone, we can see the upward leg of further correction or impulse.
The Fresh longAs Nifty 50 rallied on Fridays session people will try to build long position and will get trapped. Market always need retracement to carry on the trend so buiding a long at right position is important.17450 is support level according to harmonics and best long opportunity will be there. I am gonna short below 17535 and my target will be 17450. I am gonna consider long only on 17450. In case market opens above fridays high,I will consider a long on retest..
Reliance Long TermHalf Bullish bat pattern formed in the previous swing. The demand zone is around 0.618 retracement zone (golden ratio)—prospective targets 0.5 and 0.618 retracement zones. Also, there is a trendline it is respecting as a resistance.
Adani Port - Weekly Tf - Long TermIf 2 daily closing sustains over 700(supply zone) targets will be -
1 Tgt - 860
2 Tgt - 915
else it will be sideways between the supply and demand zone or will retest the demand zone.
