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Harmonictraders

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.
NSE:NIFTYLong
by yatin160991
1
BANKNIFTY is in RANGE but Tradeable!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 can see 0.886 level in 44400/450 area. If opens gap up & reach this area, we can plan Shorts but entry must be acc. to price action formation. Switch to 5 min chart, look for M pattern & enter below swing low with SL @ high. Target 44100/150 area. We have both plan.
NSE:BANKNIFTY
by yatin160991
1
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
NSE:NIFTYLong
by sniper1290
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
NSE:AMBUJACEMShort
by T_Harth
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
TVC:NDQShort
by T_Harth
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) ........... 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📈
NSE:BPCLLong
by T_Harth
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.
NSE:BANKNIFTYLong
by yatin160991
1