HDFC LIFE is in a critical stage. In DTF after a sharp correction it has stopped making new low and started higher low formation. In last 4 days it has gone through a major correction. If it closes below 537 in DTF then ABCD will be activated and it can correct upto 501–495, which could be a good point to go long for the stock. RSI in DTF is close to the 40 mark...
Nifty moving in Bearish 0.5 channel and if it crosses 16275 then final leg of the Elliot impulse wave should be completed since ABCD will be activated. This signals a major possible correction in Nifty from around 16400 level.
Here we have analysed Nifty50 index in 4H TF. If it breaks 16511 then XABCD will be activated and we can again come back to 15200 level. On the higher side 16600 to 16500 will act as a strong Demand zone as it has multiple strong PRZ there. Nifty can only recover if this range is respected.
Aarti industries is a fundamentally strong bullish stock is in the best possible correction zone following the three drive pattern. As per my analysis this is the best time to buy as it is near 1.618 retracement phase.
In DTF and WTF Nifty is in retracement phase. In 15 min timeframe one can observe a Hidden Bearish divergence in RSI. Hence I am expecting a trend continuation. But the question is how much retracement can we expect? To answer this I have used harmonic ABCD pattern to find the PRZ, which will be activated if and only if Nifty sustains above 15930. Then one can...
After Long Upward momentum Reliance has fallen from PRZ Region by more than 100 Points. In Previous chart we got Hit Stop loss and could not enter. Lets wait for another target.
Hello Friends, Here is Trade set up in CIPLA as per HARMONIC BAT PATTERN, We can enter in Cipla above 911 for the Target of 972 and 1014 if price go below 860 this set up will not valid. Happy Trading.
I have used weekly chart of Deepak nitrite to find the THREE DRIVE pattern. As per the analysis 1462 is the strongest demand zone as the price action + prz convergence is happening there. This is a very attractive price.
JSW Steel on Daily Time Frame has started Reversal from Trendline support and 1.13 ALT BAT Level
Nifty has given an important closing today exactly in support area which previously acted as a good demand zone. The PCR is indicating an oversold market and in the downside there are good supports. So I am expecting a bounce back from major support area, which is 16220 and 16350.
Buy Himatseide @ current price or add till 75, stopp loss 55, Hold for long term. target 2x 3x 4x.....
looking very very strong. take entry above 135. best swing trade.
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...
Hello Friends, Here is HCL TECHNOLOGIES Trade set up as per HARMONIC GARTLEY PATTERN, Buy above 999 with stop loss of 872 for the TGT 1121 and TGT 1219. Happy Trading.
- Possible to test 17190 in a short period - Positive sign seen from FIIs as the data becomes positive - Harmonic pattern gives the short term up movement
Nifty has created a support at bottom and started rising. If it crosses above 16363 the we can go for target up to 0.886 (17244)
Hello Friends, Here is TCS Trade set up as per HARMONIC BUTTERFLY, TCS Buy above 3465 with sl of 3286 closing basis and TGT IS 3612 AND 3777. Happy Trading, Thank you.
Harmonic levels obtained for bank nifty 24 th May.