The stock has shown very nice and Long Up Move since 2018. It still has a potential to run for another 200 to 300 Points till 2550 to 2600. Post that it can see a good reversal or retracement. The Green zone marked can act as an support for the current up move. This same can be used as an SL for the current up move that we have.
Overall the stock has multiple resistance on top side. Max topside is 550 to 565...Monthly chart reversal s already due. Every rise is an opportunity to sell.
On the daily chart a Bearish Shark harmonic pattern has formed
DABUR COMING NEAR HARMONIC BUY ZONE DABUR BUY @ 484-486 SL - 474 (1HR CANDLE CLOSE) TARGET - 492, 498, 505 POSITIONAL CALL - HOLD FOR 3 TO 6 DAYS
As per harmonic pattern potential buy zone is near 137.50- 137.80 with SL 137
Cyper harmonic pattern short side entry at 38.20 to 38.4 PRZ area 38.5 to 38.8 down side targets $ 36.55 $ 35 and 33.65
Nifty Is Not Going Upside And there was Bearish Harmonic Pattern seen in upcoming Days so in my point of view Entry Point = 11970-11980 Target Point = 11770 SL Point = 12030
Bearish and Bullish Bat Pattern and some important fib levels along with long term trend channel
If Hartley harmonic equation completes.. go long .for the first target1 of 135. Target2 145 Stoploss. 105 time frame - 2months
GER30 HARMONIC BULLISH CYPHER PATTERN TP1 13080 TP2 13130 SUPPORT 12940
Prize at Harmonic PRZ Breakout and FIb ext 1.618.....will it sustain or retract to fib ext 1.0. let's see...
Prize on multiple resistance: 1. Fib 2. Harmonic PRZ
Multiple resistances: 1. Harmonic PRZ 2. Fib extension 1.618
EURNOK NOW BUY SET UP WITH HARMONIC PATTERN TP 1 10.546 TP 2 10.61 SL 10.466
Already in PRZ since 11185. Doubtful above 11640 Invalid above 11870 T1-9900 T2-9100 T3-7500
ASIAN PAINTS CMP 1885.70 Dt. 19/08/20 PRZ-1 1906.15 PRZ-2 1913.70 PRZ-3 1918.00 SL- 1946.60
PATTERN NAME- ANTI CYPHER POTENTIAL REVERSAL ZONE PRZ1- 123.40 PRZ2- 121.80 PRZ3- 118.25 TF- Weekly