Potential Bullish butterfly yet to complete.
PRZ marked with the completion of the above-mentioned pattern. Also, potential targets on the CD retracement are marked with fib retracement plot.
Security is in a bearish trend as 20 EMA is trailing below 50 & 100 EMA on daily TF.
Potential Bullish butterfly yet to complete.
PRZ marked with the completion of the above-mentioned pattern.
Also, potential targets on the CD retracement are marked with fib retracement plot.
Potential Bullish AB=CD harmonic pattern.
Resistance marked basis on current swings fib retracement. Supports marked on the basis of Fib extensions.
If 1538 is broken, next support will be 1493.
Bullish gartley pattern completed on daily TF. Potential targets on reversal marked with Fib retracement of CD leg.
Also, a major demand zone is present at reversal levels. Stochastic RSI and RSI 14 indicate reversal too.
In this self explanatory series I will be posting charts with pure technical analysis only without full length explanations , Traders can ask their doubts in comments section, Happy trading.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing...
Once the stock closes over 190 it may look to test the higher levels, it even has the potential to go past the all time high levels. Rerating lies ahead of this stock so a strong buy is recommended once it fulfills the conditions.
Expecting TVC:USOIL to go for a sharp correction.
Harmonics 4-point & 5-point pattern helped identify a Potential Trend Reversal Zone, where bullish movement may end & trend may reverse.
Got a terminal candle confirmation in the PRZ.
Also, in a broader view prices formed a Broadening Wedge Pattern (a-b-c-d-e wave structure) which might possibly be...
NSE:KEI has taken support around the Harmonic PRZ & Trend has reversed.
After a sharp fall, price formed a Double Bottom Pattern & near Breakout.
If it breaks above 350, expecting a 10% up movement
NG may turn bullish if it takes support in this PRZ. With proper confirmation we can go long, else if pattern gets violated; GO with the existing trend.
Updated previous charts PRZ, as it was violated.
