Harmonictraders
AU SMALL FINANCE BANK - PRICE ACTION + HARMONICS AU SMALL FINANCE BANK
1- The formation is of head and shoulder pattern
2 As per the Harmonics also we could see Gartley
getting formed in this
3 if the point b is broken and sustained we can see a good fall in au small finance
simple chart but looks like a good opportunity
your valuable comments motivates for more and more charts
but i prefer to do only on the right set up
All the best
Thanks
Nifty 50 13 th May 2022I have used 15 minute time frame to calculate the swings. As per chart harmonic AB=CD pattern and bullish 2.5 retracement converged in the same area. So we expect a sharp pull back from here. Again there is a Bearish 0.382 retracement which may act to make the price action as described. Let’s see.
Nifty PRZ trade plan.Nifty formed a base on 9.5.2022 and has re-tested that base thrice. It gave a good bullish move after that and is trading around previous day high. The overall sentiment and trend of the market is still bearish. Also Nifty has formed a BEARISH DEEP CRAB formation and the PRZ level comes around 16450 . One can take a bearish trade once Nifty touches 16450 with a SL of 16485 on a 15 mins closing basis. The reason for the SL is that 16478 is the SL for the harmonic pattern and 16484 is the high of 6.5.2022. One can keep the the following targets according to Fibonacci :-
T1 - 16404
T2 - 16375
T3 - 16352
22Apr 26Apr 2May 11May Expect huge price movements in Bank NFTY22Apr 26Apr 2May 11May Expect huge price movements in Bank NFTY
The dates mentioned are according to the price patterns studied over a few years and these could possible levels where Banknifty might trade in future and the levels are mentioned on both sides.
The world market has a bearish view and the Indian market still has a bullish view due to strong financials.
Currently where Nifty and BN is trading is a clear tug of war between bulls and bears.
The dates are predictions where market can test either sides and you can use this study for future purposes.
If these dates are true then please do hit a like to encourage me for my work!!
Nasadaq Index Analysis - Harmonic Pattern Dow Jones and Nasdaq have given a clear positive outlook. Nasdaq has formed a perfect ABCD pattern and has given clear break out at 61.8 Fib level.
This indicates that the US market looks positive and hence i see an up-move in the Indian indices as well.
The targets are as mentioned on the chart.
This is for educational Purpose only.