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PRZ

Nifty PRZ trade plan.Nifty formed a base on 9.5.2022 and has re-tested that base thrice. It gave a good bullish move after that and is trading around previous day high. The overall sentiment and trend of the market is still bearish. Also Nifty has formed a BEARISH DEEP CRAB formation and the PRZ level comes around 16450 . One can take a bearish trade once Nifty touches 16450 with a SL of 16485 on a 15 mins closing basis. The reason for the SL is that 16478 is the SL for the harmonic pattern and 16484 is the high of 6.5.2022. One can keep the the following targets according to Fibonacci :- T1 - 16404 T2 - 16375 T3 - 16352
NSE:NIFTYShort
by pareshdevnani
BANDHAN BANK | BULLISH AB=CD PATTERNAs price continues to make lower lows & lower highs, an AB=CD pattern is observed. The C point is a 78.6% retracement of the AB move, while the D point is at a 1.27BC extension. A Potential Reversal is anticipated from the D point whose completion point lies at C (minimum). Plus a candle engulfing the previous 4 candles in the PRZ is a favorable indicator. Note that an Engulfing Candle body 'engulfs' the body of previous candles, ignoring the wicks. A long trade with buy above high of the last candle ie., 290. with a targets of 350 ( C point) & SL of 255 is a good RR setup. Please take trades after making your own analysis. This chart is a showcase of my analysis alone, & the trade mentioned is one I'll be taking based on my convictions. This is NOT a trade recommendation. Thank you & Wish you all a successful trading week!
NSE:BANDHANBNKLong
by Divergent_trader
3
Nifty: AnalysisI am learning this new harmonic pattern and found it working perfectly for nifty analysis. . There are several PRZ zones that nifty have shown minor correction. Levels are: 1) 0.886 - 11830.00 2) 1.132 - 12900.00 3) 1.272 - 13600.00 Now according to my analysis, it has stretched to higher levels. Slowly the pace of nifty is also falling indicating a pattern for a retracement soon. I am expecting retracement of about 40-50% in weekly levels and this will start near about the end of December. . Please correct me if I'm wrong. I am still learning and this is new to me.
NSE:NIFTYEducation
by Umang_Sharma
Nifty: Shall We Get Ready..For A PullbackIts difficult to spare time for publications. But 'we--the authors' can't resist to share interesting thoughts. I usually ask readers to 'hit the like button' b'coz that motivates us to write more robust analysis. So keep supporting and i ll keep sharing the scoop of knowledge that God has ushered upon me. I could have just marked an arrow on the chart and said that we may pullback tomorrow but it would not satisfy me :) So lets analyse in brief.... First of all I am still bearish in the medium term and my previous posts are still valid. See below if u haven't --> Secondly, I am expecting a pullback in the short term. Which means I may turn out to be a buyer in the coming day or hours. The question is, why so? 1) Bearish Bat target 1 is complete today. 2) Wedge breakdown target is complete, right at bat target 1 3) An AB=CD Pattern competes near the bat target 1 4) We are at a trendline support of a parallel channel. 5) We are at a structure support. 6) Almost filled a gap. What would a short seller do when a target is complete..he ll book profit. Taking into consideration all the above factors, I am obliged to anticipate a pullback tomorrow. Pullback but of what order? I will consider the 10750-10775 zone as a conservative target for this pullback. What will happen after that can be analyzed later, depending on the price action at that stage. Chances are that we may head downwards. Caution: The above analysis will be negated if we strongly break the trendline and continue the downward journey towards bat target 2. Hope this analysis will help some traders. Trade safe, stay healthy. Regards
NSE:NIFTY
by Bravetotrade
21
Bharti Airtel: Heading For Bat CompletionThe bullish bat PRZ may act like a magnet to pull the price towards 395 odd levels. Price has already broken out of a pennant pattern and resuming the downtrend. The 407 could act as a minor support. Short term traders may take advantage of the shorting opportunity. The long term traders may look for covering shorts in the specified zone and think of accumulation keeping into consideration the overall market scenario. Regards Bravo
NSE:BHARTIARTL
by Bravetotrade
1