The Confluence TradeI can see lot of convergence at 503 to 512 zone. That's a big zone but I can't help it b'coz ATR is high. Also observed bullish gartley and ABCD harmonic pattern in a highly oversold zone. So there are high chances of reversal from this zone. I ll hunt for 538, 558 and 568. Initial stops is quite wide, but it could be set below the buying signal which will be assumed as the established swing low.
Kindly apply your own due diligence before trading ideas from TV.
Trade safe and Do hit the like button.
Regards
Bravo
JUSTDIAL
Just Dial: Buy @ CMP 365.50, SL 310, Target 400, 527, 618....Just dial is a classic case of a developing major trend reversal. There is no clear traditional evidence of reversal on longer frame charts but on the weekly basis, it's showing clear signs of reversal. Since all this is happening near to the previous bottom, this weekly reversal becomes more significant. This is a medium term aggressive trade but with the lucrative risk reward. One needs to analyze this trade at every major pivot.
JUST DIAL 30 MinThe stock continues to be under pressure and the rally shows that it has reached a Fibonacci cluster confluence of resistances as can be seen on the charts. So one should look at some intraday shorts as dips towards 355 is very much on the cards. The rally towards 371-374 can also be used for shorting as markets are showing some pressure today and this stock could be targeted by the bears.
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JustDial : The Call Continues...Actually I tried drawing ABCD over there but it looked to weird & on smaller timeframe I guess there is an ABCD pattern which justifies this up move in Justdial. I don't know why I see ABCD's only Lol !
I will search for other patterns or methods.... Either you can wait for Fib touch if you are fib user or bsaed on resistance n bearish confirmation you can take short trade in Justdial
I hope the chart is more of self-explanatory one !