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BANK OF INDIAHarmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit a harmonic or rhythmic quality. Here's a short note on trend analysis based on harmonic patterns: Pattern Recognition: Harmonic pattern analysis involves identifying specific price patterns on a price chart. The most common harmonic patterns include the Butterfly, Gartley, Bat, and Crab patterns. These patterns are characterized by a series of Fibonacci retracement and extension levels, which help traders determine potential reversal points. Fibonacci Relationships: Harmonic patterns rely heavily on Fibonacci ratios, such as 0.618, 0.786, 1.618, and others. These ratios are used to validate the existence of a harmonic pattern. When the price levels align with these ratios, it suggests that a harmonic pattern might be forming. Trading Signals: Traders use harmonic patterns to generate trading signals. A completed harmonic pattern can indicate potential trend reversals or trend continuation points. For example, a Bullish Gartley pattern might signal a potential bullish reversal, while a Bearish Butterfly pattern might suggest a bearish reversal. Risk Management: Risk management is essential when trading based on harmonic patterns. Traders often place stop-loss orders to limit potential losses if the pattern fails to play out as expected. Additionally, they calculate risk-reward ratios to assess the profitability of the trade. Time Frames: Harmonic patterns can be applied to various time frames, from intraday trading to longer-term investing. The choice of time frame depends on a trader's objectives and trading strategy. Subjectivity: One challenge with harmonic pattern analysis is its subjectivity. Different traders may interpret the same chart differently, leading to variations in trading decisions. Therefore, it's important to combine harmonic pattern analysis with other technical and fundamental analysis tools. Backtesting: Before implementing harmonic pattern analysis in live trading, it's advisable to backtest the strategy on historical data to assess its effectiveness and suitability for your trading style. In conclusion, harmonic pattern analysis is a technique that traders use to identify potential trend reversals or continuations based on specific geometric patterns and Fibonacci ratios. While it can be a valuable tool in a trader's toolkit, it should be used in conjunction with other forms of analysis and with careful risk management to make informed trading decisions.
NSE:BANKINDIALong
by imkunal7
GLAND PHARMAHarmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit a harmonic or rhythmic quality. Here's a short note on trend analysis based on harmonic patterns: Pattern Recognition: Harmonic pattern analysis involves identifying specific price patterns on a price chart. The most common harmonic patterns include the Butterfly, Gartley, Bat, and Crab patterns. These patterns are characterized by a series of Fibonacci retracement and extension levels, which help traders determine potential reversal points. Fibonacci Relationships: Harmonic patterns rely heavily on Fibonacci ratios, such as 0.618, 0.786, 1.618, and others. These ratios are used to validate the existence of a harmonic pattern. When the price levels align with these ratios, it suggests that a harmonic pattern might be forming. Trading Signals: Traders use harmonic patterns to generate trading signals. A completed harmonic pattern can indicate potential trend reversals or trend continuation points. For example, a Bullish Gartley pattern might signal a potential bullish reversal, while a Bearish Butterfly pattern might suggest a bearish reversal. Risk Management: Risk management is essential when trading based on harmonic patterns. Traders often place stop-loss orders to limit potential losses if the pattern fails to play out as expected. Additionally, they calculate risk-reward ratios to assess the profitability of the trade. Time Frames: Harmonic patterns can be applied to various time frames, from intraday trading to longer-term investing. The choice of time frame depends on a trader's objectives and trading strategy. Subjectivity: One challenge with harmonic pattern analysis is its subjectivity. Different traders may interpret the same chart differently, leading to variations in trading decisions. Therefore, it's important to combine harmonic pattern analysis with other technical and fundamental analysis tools. Backtesting: Before implementing harmonic pattern analysis in live trading, it's advisable to backtest the strategy on historical data to assess its effectiveness and suitability for your trading style. In conclusion, harmonic pattern analysis is a technique that traders use to identify potential trend reversals or continuations based on specific geometric patterns and Fibonacci ratios. While it can be a valuable tool in a trader's toolkit, it should be used in conjunction with other forms of analysis and with careful risk management to make informed trading decisions.
NSE:GLANDLong
by imkunal7
BATA INDIAWAIT FOR THE LEVEL 1770 TO BREAK. Harmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit a harmonic or rhythmic quality. Here's a short note on trend analysis based on harmonic patterns: Pattern Recognition: Harmonic pattern analysis involves identifying specific price patterns on a price chart. The most common harmonic patterns include the Butterfly, Gartley, Bat, and Crab patterns. These patterns are characterized by a series of Fibonacci retracement and extension levels, which help traders determine potential reversal points. Fibonacci Relationships: Harmonic patterns rely heavily on Fibonacci ratios, such as 0.618, 0.786, 1.618, and others. These ratios are used to validate the existence of a harmonic pattern. When the price levels align with these ratios, it suggests that a harmonic pattern might be forming. Trading Signals: Traders use harmonic patterns to generate trading signals. A completed harmonic pattern can indicate potential trend reversals or trend continuation points. For example, a Bullish Gartley pattern might signal a potential bullish reversal, while a Bearish Butterfly pattern might suggest a bearish reversal. Risk Management: Risk management is essential when trading based on harmonic patterns. Traders often place stop-loss orders to limit potential losses if the pattern fails to play out as expected. Additionally, they calculate risk-reward ratios to assess the profitability of the trade. Time Frames: Harmonic patterns can be applied to various time frames, from intraday trading to longer-term investing. The choice of time frame depends on a trader's objectives and trading strategy. Subjectivity: One challenge with harmonic pattern analysis is its subjectivity. Different traders may interpret the same chart differently, leading to variations in trading decisions. Therefore, it's important to combine harmonic pattern analysis with other technical and fundamental analysis tools. Backtesting: Before implementing harmonic pattern analysis in live trading, it's advisable to backtest the strategy on historical data to assess its effectiveness and suitability for your trading style. In conclusion, harmonic pattern analysis is a technique that traders use to identify potential trend reversals or continuations based on specific geometric patterns and Fibonacci ratios. While it can be a valuable tool in a trader's toolkit, it should be used in conjunction with other forms of analysis and with careful risk management to make informed trading decisions.
NSE:BATAINDIALong
by imkunal7
INFIBEAMHarmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit a harmonic or rhythmic quality. Here's a short note on trend analysis based on harmonic patterns: Pattern Recognition: Harmonic pattern analysis involves identifying specific price patterns on a price chart. The most common harmonic patterns include the Butterfly, Gartley, Bat, and Crab patterns. These patterns are characterized by a series of Fibonacci retracement and extension levels, which help traders determine potential reversal points. Fibonacci Relationships: Harmonic patterns rely heavily on Fibonacci ratios, such as 0.618, 0.786, 1.618, and others. These ratios are used to validate the existence of a harmonic pattern. When the price levels align with these ratios, it suggests that a harmonic pattern might be forming. Trading Signals: Traders use harmonic patterns to generate trading signals. A completed harmonic pattern can indicate potential trend reversals or trend continuation points. For example, a Bullish Gartley pattern might signal a potential bullish reversal, while a Bearish Butterfly pattern might suggest a bearish reversal. Risk Management: Risk management is essential when trading based on harmonic patterns. Traders often place stop-loss orders to limit potential losses if the pattern fails to play out as expected. Additionally, they calculate risk-reward ratios to assess the profitability of the trade. Time Frames: Harmonic patterns can be applied to various time frames, from intraday trading to longer-term investing. The choice of time frame depends on a trader's objectives and trading strategy. Subjectivity: One challenge with harmonic pattern analysis is its subjectivity. Different traders may interpret the same chart differently, leading to variations in trading decisions. Therefore, it's important to combine harmonic pattern analysis with other technical and fundamental analysis tools. Backtesting: Before implementing harmonic pattern analysis in live trading, it's advisable to backtest the strategy on historical data to assess its effectiveness and suitability for your trading style. In conclusion, harmonic pattern analysis is a technique that traders use to identify potential trend reversals or continuations based on specific geometric patterns and Fibonacci ratios. While it can be a valuable tool in a trader's toolkit, it should be used in conjunction with other forms of analysis and with careful risk management to make informed trading decisions.
NSE:INFIBEAM
by imkunal7
BANDHAN BANKHarmonic pattern analysis is a technical analysis method used in financial markets, particularly in trading and investing. It is based on the idea that price movements in financial instruments follow certain geometric patterns that repeat over time. These patterns are often referred to as "harmonic patterns" because they exhibit a harmonic or rhythmic quality. Here's a short note on trend analysis based on harmonic patterns: Pattern Recognition: Harmonic pattern analysis involves identifying specific price patterns on a price chart. The most common harmonic patterns include the Butterfly, Gartley, Bat, and Crab patterns. These patterns are characterized by a series of Fibonacci retracement and extension levels, which help traders determine potential reversal points. Fibonacci Relationships: Harmonic patterns rely heavily on Fibonacci ratios, such as 0.618, 0.786, 1.618, and others. These ratios are used to validate the existence of a harmonic pattern. When the price levels align with these ratios, it suggests that a harmonic pattern might be forming. Trading Signals: Traders use harmonic patterns to generate trading signals. A completed harmonic pattern can indicate potential trend reversals or trend continuation points. For example, a Bullish Gartley pattern might signal a potential bullish reversal, while a Bearish Butterfly pattern might suggest a bearish reversal. Risk Management: Risk management is essential when trading based on harmonic patterns. Traders often place stop-loss orders to limit potential losses if the pattern fails to play out as expected. Additionally, they calculate risk-reward ratios to assess the profitability of the trade. Time Frames: Harmonic patterns can be applied to various time frames, from intraday trading to longer-term investing. The choice of time frame depends on a trader's objectives and trading strategy. Subjectivity: One challenge with harmonic pattern analysis is its subjectivity. Different traders may interpret the same chart differently, leading to variations in trading decisions. Therefore, it's important to combine harmonic pattern analysis with other technical and fundamental analysis tools. Backtesting: Before implementing harmonic pattern analysis in live trading, it's advisable to backtest the strategy on historical data to assess its effectiveness and suitability for your trading style. In conclusion, harmonic pattern analysis is a technique that traders use to identify potential trend reversals or continuations based on specific geometric patterns and Fibonacci ratios. While it can be a valuable tool in a trader's toolkit, it should be used in conjunction with other forms of analysis and with careful risk management to make informed trading decisions.
NSE:BANDHANBNKLong
by imkunal7
1
Tata Steel price looks weakTata Steel price looks weak Reasons/Traits : • Forming bullish Gartley harmonic pattern • Retested point B of Harmonic pattern • Pricing making lower lows • Price retraced and from 0.618 fib levels and got rejected at 50 EMA and heading back to 0.618 level • Breaking 0.618 level can further see a price decline • RSI strength is reducing and is below 50 What can happen next : Scenario 1 : Price sustaining 0.618/0.5 levels can help price bounce back to meet 50 EMA (red line) Scenario 2 : Price break down of 0.618 levels can take it down to touch 200 EMA (black line) or 1050 level and complete Gartley harmonic pattern and retrace back to point B (1300) Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:TATASTEELShort
by AdhigamaTrading
WaveTalks- Nifty: The Choppy Move Above 17613 The index bounced from 17613 lows multiple times but the move not looking convincing so far on the upside. It has to cross above 17835 highs & hold above that key level for us to consider a bullish scenario else holding below 17800-17825 zone. The index may re-attempt 17613. If falls below 17613 then 17452 & only below 17452 - look for 17325 17325 - A - Wave Bottom of the Proposed Triangle 17452 - C- Wave Bottom of the Proposed Triangle 17613 - E - Wave Bottom of the Proposed Triangle - 17613 was the low where the index bounced upside as discussed in the last idea. ----------------------------------------------------------------------------------------------------------- Last Idea - Nifty: Bullish Gartley - Broke 17799 & Bounce from 17613 lows ----------------------------------------------------------------------------------------------------------
NSE:NIFTYShort
by WaveTalks
8
WaveTalks: Nifty-Irregular Triangle: ( Stops Above 17890 )Stops Above 17890 - Target 17750 / 17675 / 17550-17575 - Irregular Triangle could be unfolding next. Thanks ---------------------------------------------------------------------------------------- Snapshot Taken at 09:37 Hrs / 6th Oct2021 - Last Leg Pending downside which might complete the corrections ---------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------- Last Idea - Buying Gartley Pattern in 17450-17475 zone - Target 17740 ---------------------------------------------------------------------------------------------
NSE:NIFTYShort
by WaveTalks
16
DCB BANKDCB Bank First pattern of Bearish shark completed nicely and now a Bullish Gartley seems to be in the works. Rechecking the chart shows following observations SORRY FOR THE TOO MANY CRISSCROSSING OF LINES AND PATTERNS ETC... 1. A bullish Gartley seems to be coming up. Point D looks to be a good reversal point.Also co-inciding roughly with a Fibo level retracement. 2. This will be provided it breaks the trendline support at trendline marked in green; which is also part of a wedge and if it does breakdown then it will be a WEDGE BREAKDOWN... 3. Past few days session price has taken resistance at 50 EMA also. And mostly if XB (also the green trendline) is broken then mostly will go onto hit PRZ.
NSE:DCBBANKLong
by gregferns
AUD/USDAUD/USD has been bouncing up and down between the prices of 0.7448 and 0.73271 had an uptrend and hit a double ceiling and started a downtrend and corrected all the way up to 23% of the fibbo, just created a gartley pattern X to A had a retracement all the way down to 61% as well A to B also added a pitchfork between X to C to D con confirm a possible price going up now waiting to break resistant at 61% and re test it as support and would enter on a buying possitions or if prices goes down and makes a double floor would enter for buying possitions AUD/USD a estado en una area de rebote entre los precios de 0.7448 y 0.73271 tubo una tendecia alcista toco doble techo y formo una tendecia bajista con retroceso asta el nivel 23% del fibo, creo un grafico gartley alcista ya que del impulso X a A tuvo un retroceso del 61% igual que los putnos A a B agregue un pitchfor de los puntos X a C a D y posible tendencia alcista si rompe la resistencia en el nivel 61% del fibo y lo prueba como soporte iriamos a una pocision de compas o si el precio baja y crea un doble piso iriamos a posiciones de compra
by chepehn19
BankNifty-Up-Up & Away(1100+)We forget they don't forget@2716510:45 Hrs 12th July 2018 Last Price@27141 Last Few Days! Mumbai passed through tough weather conditions. Hoping for better time. "We" - individuals & "They"- markets Key level - 26225 & Critical level - 25980 Double Top-27165 was tested today & holded - The move which started just above critical level 25980 - Have mentioned in last 2 updates that we could soon start the bull race . I am excited that we got 1000 - 1100 points move just above the critical level 25980 & all our targets got achieved from the update - "BJP calls for Gartley Alliance" Previous Update - Can Bull Race Start above 26225 - Critical level - 25980- Update closed The key points which gave trading opportunity in between 26480 levels - minor resistance - got 2 selling opportunities from that level which was identified in previous updates What Next? - Trading Strategy Plan 1 - Do I need to tell you what to do if double top@27165 breaks - Extreme Bullish Scenario ( Keep in mind 25980 is the critical level- that level if broken in future can be warning bell for bulls) Plan 2 - Selling in the zone 27125 -27150 with strict stops above 27165 - as plan 1 activates. If 27165 is protected on upside then downside targets for few days could be Target 1 -26900 Target 2 -26775 Would love to know your comments if earlier updates helped you & you participated in the initial run from the bottoms.
NSE:BANKNIFTYShort
by WaveTalks
9
SHORT AUDJPY BUTTERFLY PATTERNHi, Guys This is deva I looking for new strategy Gartley pattern don't try it's not a confirmation pattern keep watch... AUDJPY -0.18% Gartley Butterfly pattern keep watch If move down SL: 50PIPS TP: 81.730 Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Short
by sakthideva
SIEMENS: Journey to NEW HIGHSIEMENS: Journey to NEW HIGH Possible Regression Breakout Pattern Support by: Bullish GARTLEY Strategy Support by: ICHIMOKU KINKO HYO , Bullish GARTLEY Details. B = 0.618 of XA, Here 0.602, CFF. C = 0.382 - 0.886 of AB, Here 0.541,CFF. D = 1.272 - 1.618 of BC, Here 1.255 almost OK. D = 0.786 of XA Till Now 0.685 To Fulfill Criteria #1. For D = 1.272 of BC Projected D = 1298 , Then D = 0.69 of XA #2. For D = 0.786 of XA Projected D = 1278, (CFF => Criteria Fulfilled) ### THOUGH Rare Possibilities to reach @ 1278 in this Move . Some important Features: #1. Bullish Candle Pattern #2. Entering ICHIMOKU Cloud From Below #3. Near Regression Channel BreakOUT Intraday Res / TGT: @ 1341 - 1345 (HZ), @ 1354, @ 1361, BEST BUY Zone also Intraday Sup: @ 1318 - @ 1314 More on Chart. SL: @ 1298- (By Closing) or @ 1286 on Trading time which come first. PS: If Ideas/Analysis Useful, please Like/ Share / Comment & keep motivated. Disclaimer: Only For STUDY. For taking Trade Decision Consult Financial Advisor.
NSE:SIEMENSLong
by DSKF16