Marico is near its PRZ. One can go long above 317.50 T1 - 323 T2 - 333 SL - 307
Munjal Auto has broken out of its B point and is on its way to reach point D in the ABCD Harmonic pattern. Looks strong going ahead.
Canbnk reached important Support Zone and have created a Bullish Harmonic Pattern, One can look to buy this with small SL of close below 315 Target 340/360
Swing trading. should go long for more than 10 days. Entry is fine. You can enter now. Explanation : AB = CD Harmonic Pattern. Important observation one can make out is that. Reciprocal of 0.417 is exactly 2.371.
Shorting a bank in this bullish run has high chance of shorting your capital but I am taking the bet to short HDFCBANK Aug 1860 CE with current CMP at 11.5 based on the harmonic pattern I see in its monthly chart.
Short crude oil mentioned levels in chart.
Detailed Analysis plotted in Chart. Combination of HARMONIC & Fib Retracement. Take Support from @ 548+ Level in WAVE - 3 Count it is GOLDEN RATIO of Fib Retracement i.e 1.618 Level. TGT: Watch Fib Levels mentioned in the Chart.
TCS gave a swing above the prev swing with a strong close. trading at 2437 gave insight of a pattern at 2497-2518. SL below 2395. CMP 2437 TGT 2497/2518 SL 2394
Hello & welcome to this analysis The H&S formation saw it complete its minimum breakdown of 1-1.27x Fibonacci extension. Today in the daily time frame it completed the formation of a Bullish Harmonic Gartley suggesting a reversal from the current level (3900) for 4250 and 4400 as long as it does not go below 3800. Happy Investing
Hello & welcome to this analysis The index saw a super duper reversal from a Bullish Harmonic Bat in end October near 4100. Now it has an immediate resistance coming up near 4600 where we might see some consolidation, above that it enters into the PRZ of a Bearish Harmonic Alt Shark near 4650 which could trigger some profit booking. From 1 harmonic pattern...
Hello & welcome to this analysis In the daily time frame it has now come to a falling trendline resistance which has also activated a Bearish Harmonic Reciprocal ABCD pattern. Coincidentally, the swing low was also formed with a Bullish Harmonic ABCD pattern. A retracement from here could take it to 102.75 and below that 102.15. The pattern would be considered...