AUDCHF OUTLOOKThis is not a financial advice, only meant for educational purposes.
This the technical outlook of for the week. IF the set-up above plays out, we will be be looking forward to short the pair, provided it satisfies the below conditions
**Indicator predicts the reversal/weakness at that level
** Making sure other correlating pairs are also reversing
**Candlestick Pattern at that level
Harmonictraders
CNX FinancialThe introduction of the index into derivatives has come with a Bearish Alt Bat Harmonic pattern formed in Weekly Time Frame . A daily close below 15475 could lead to long unwinding that might make the index retest 15000 / 14000 . The view would be negated if it breaks above 15700 on hourly closing basis (after activating a down move)
Apollo Hospital Multiple Trades, both Long and ShortPossible Gartley Formation:
1. Risky Traders: Can take Short Position @ CMP(2406) to 2427 and anytime below these levels as well:
A. Target : 2339/2340 (Which is a pivot point as well, further better target)
B. Stop Loss : 2430/2431
2. All Traders: Can Take a long position from 2339/2340:
A. Target 1 : 2383/2384, Target 2: (Will be updated later, once trade is ativated)
B. Stop Loss : 2323/2324
NOTE:
1. Very high reward with very low risk in both the trades.
2. Apollo Hospital follows harmonic patterns most of the time, backtested from previous 2 years data.
3. This Post is for education purposes only.
Tatapower Bullish Trend with changing channelTatapower having a bullish approach through a changing channel.
ABCD harmonic pattern created with multichannel setup where BC has done a perfect Fibonacci retrenchment of 0.786 i.e. at Rs.50.35.
Now expected move is CD which could be Rs.67 to Rs.77. as per channel and Fibonacci Extension level.
Bank-nifty short term harmonic Forecast ( Time zone Forecast))It seems Bank nifty is in Uptrend I have done a study on harmonic patterns.
As of now it is at the mid of CD leg so following things may happen...
1) If it sustain above 29412 then it may give a TGT 29550 , TGT 29825 , TGT 30170 , Final TGT 30625
2) Now if it start reversal from this level i.e. 29790 and breaks 28550 then we will get a TGT 27990
3) If It start reversal from 29790 level and breaks 28550 then we will get a TGT 27745
4) If it start reversal from 30200 level and breaks 28550 then we will get a TGT 27532
The probability reversal time zone is 26th to 27th December 2020
NIFTYIt might be forming a THREE VALLEYS & A RIVER in hourly time frame. It has two bearish Harmonic Trading Patterns at 11875 (Deep Crab) and at 11975 (Alt Shark). "If" a REVERSAL were to occur from that zone then the downside expected levels could be 11750 / 11550 / 11400. The negation point would be at 12020
DOW JONESDJIA which turned from a Bullish Harmonic AB=CD is now approaching the PRZ (28600-28800) of a Bearish Harmonic AB=CD. Like in the bullish instance which coincided with Ichimoku support, here too the expected resistance tallies with an Ichimoku weekly resistance and a falling trend line. View would negate above 28900