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Niftyauto

Hero moto case studyHERO MOTO SPOT 2675 HARMONIC + PRICE ACTION + CHART PATTERN + TIME CYCLE + HISTORICAL CYCLIC STUDY TIME FRAME :- WEEKLY We have considered historical case study, where counter gave a upmove of around 128% after that there was a retracement of 30% and finally a up-move of 81% In this historical case we have considered pole and flag pattern formation,, where flag formation is in form of falling contracting wedge.. time of flag formation was around 39 weeks. In flag formation there was formation of double bottom pattern, with positive divergence on RSI and at same time RSI gave a retest of breakout of falling trend line. After the retracement was over counter gave a upmove of 81% from the low of retracement zone,, time consideration in pole and final leg of upmove have relation of 1.2 time. Current case Study :- There was a first up move leg of 130% after that current retracement zone going on where counter have retraced 28% which is almost equal to historical case study. Now if history have to repeat counter can give up move of 81% from current bottom of this retracement zone. In this current case study there is pole and flag pattern formation,, where the flag formation is in form of falling contracting wedge, time of flag formation is almost 36 weeks, almost same a historical case study, if it have to be 39 week which means still consolidation of 2 more weeks possible in counter after that breakout from the flag formation can be seen, as time of pole formation is different for both the case so in terms of percentage time it can give breakout any time now. In flag formation there is formation of double bottom pattern, with positive divergence on RSI and at same time RSI gave a retest of breakout of falling trend line , perfect copy of historical case study. so now as per this cyclic study if counter gives breakout from pole and falg formation and time cycle maturity it can give upmove of 81% from current levels which will lead counter to around 4800 levels. and approx time for this move would be till november of 2022 as per historical time calculation. Harmonic Study :- Butterfly pattern formation on weekly time frame Pre assumption of Butterfly pattern lead us to following conculsion Leg C of Butterfly pattern formation is on verge to mature and if the final leg D of the pattern unfold , Which as per theory should be 1.27% extention of Leg XA , would lead us to levels of 4800 levels . So pattern maturity lies around levels of 4800 as per butterfly formation. Conclusion :- Two case study as per price action , chart pattern formation, time cycle lead us to levels of 4800 levels and harmonic study also lead us to levels of 4800 levels,, Counter can be considered as good investment candidate from current levels.. for targets of 3600-4200-4800 Trade type : Investment Time horizon :- 12-15 months Good investment candidate.
NSE:HEROMOTOCOLong
by RUDRA007
2
MARUTI SUZUKI PRICE ACTION ANALYSIS. LONG IDEAMaruti's price has fallen significantly recently. This pattern is perfect to be called a Shark pattern. After a second impulse, the correction went too deep and is expected to be reversed from the PRZ. This is XABCD bullish shark pattern has extensions 0.886-1.13 which form the potential reversal zone (PRZ). We can also a downtrend line is broken, but for confirmation wait until the price breaks the supply zone. Any rejection from the supply zone might throw the price near the demand zone. Buying from a PRZ gives us a high risk-reward ratio. The stop loss and target levels are mentioned on the chart. Happy trading :) This is just for educational purposes.
NSE:MARUTILong
by Sanjan91
NIFTY AUTO on Bigger TimeframeNifty Auto is at resistance levels of a trendline on monthly timeframe chart. After 2020 fall it had broke the major resistance and took support on it. Now from support zone it had made higher lows, but not the higher highs. Index had contracted for last few months so now there is high possibility it may show big move one side. This month we may witness a major breakout or it will retrace and and take support. If it comes back and take support then it will generate a strong momentum for breakout or breakdown. The current support zone had many times acted as a resistance. If this support is broke then we may see a fall. This post is for information purpose only. It is my own analysis, I'm not a professional trader or analyst.
NSE:CNXAUTO
by AkshayAdak
M_M ready to bounce back from its demand zone currently M_M is consolidating at important zone which you can see also act as a good support in 2015-16 time( you can zoom out the chart ) and it has bounced of many times from the same area in last year . stock is also nearby 200 Ema , A good closing above this will also lead the stock to new highs . and it has also broken that trendline and retested two times so you can expect a good upside move . enter the rally before before it starts going up . A good risk reward trade can be initiated here with just a 4% risk and a good 12% & 26% reward as target 1 and target 2 . risk taker can intiate the trade here and those who are safe trader can wait for break for this consolidation with a good green candle with volume but that will affect your risk reward ratio . SL to be maintained as a day closing basis . if we closes below this zone on daily timeframe you can close you long trade . Hope you find this analysis helpful . Happy Trading .
NSE:M&MLong
by Deepak_yadav02