Shorting and buying opportunity in NTPC.... Head and shoulder and a Harmonic ABCD has formed... Shorting - Sell only if price closes below 96.40 Target 1 - 93.40 target 2 - 91.80 Target 3 - 89.05 Long - Buy Between 88 - 89.05 can hold for the target of 96 and 100... Share your views in comments...
Having reversed from harmonic ABCD and strictly following the dynamic support line, price is now 180. Key level to watch is 200 - .786 Fib of ABCD + psychological level + multi month resistance. 20% move can be seen on either side of 200 depending on how it behaves around it. Above 200 will look for 240, 240-250 would be profit booking, and strictly above 250...
INDUSINDBANK approaching two prz reversal levels bearish butterfly at 984 and 1031 ranges
ICICIBANK approaching prz level bearish alt bat harmonic pattern
KEEPING STOP @ 468 SHORT TRADE FOR TARGET >449 >440 >433 disclaimer - for study purpose only
Two important fibs ratio for Gartley - XA retracement at 44 at 0.786. 1.618 CD projection at 46.25 . => 1.618AB = CD @55 ( investors ) The previous important level at 37 ( The price should not fall below it for long position) Note: Investors should wait for pullback to enter. ======================================================= Elliot Wave -...
Bank Nifty spot cmp 30460 Harmonic Study Bearish butterfly pattern formation PRR zone :- 30460 to 30560 SLZ zone :- 30610 once sustain for 15 mins above this levels Targets levels :- 29880 and 29640 levels can be seen. RSI :- Price making higher high where as RSI is making lower high, bearish divergence. Good short candidate in PRZ range.
Very long term Channel, Again a co which as per me is investment class. But one you observe that M marked on Weekly chart has TGT achived now almost 1.272 Fib extn of last leg of M -- which is harmonic pattern. Again I do not know if that is bat or crab or butterfly. Keen observer may see similar M on daily just near first leg of M on weekly. Accumulation...
Bank nifty is all set for a breakout in the upward direction but there are a few bearish confluences available like the continuous weakness of Hdfc bank until effective demand zones are reached. there is a bearish butterfly harmonic pattern forming and there a few looming supply zones also available but due to the time already spent before reaching the supply zone...
right now HUL is in a supply zone we can short once it reaches the relevant harmonic level it also has confluence with an important Fibonacci level taking support from the gann fans drawn on the daily timeframe Depending on price action signals important longs or shorts can be established at the respective supply and demand zones with the sl being kept at the...
Apollo Hospitals at 1.618 AB=CD HARMONIC Reversal zone. Bearish Divergence. Will update targets once trade is active.
VIPIND SPOT chart is forming XABCD Harmonic pattern. looking good for levels - 449/519/609. VIEW NEGATED BELOW - 329.
WITH CONTINUATION FROM DAILY TO 4 HOUR TIME FRAME - THERE SEEMS TO BE DESCENDING TRIANGLE FORMATION CURRENTLY ITS TAKING SUPPORT @ TREND LINE OF FORMATION A BREAK BELOW - FALL WHICH WILL COINCIDE WITH DAILY FRAME ANALYSIS. IF NOT CAN GO BACK TO RETEST NECK LINE ON WATCH-LIST NOW disclaimer - join your own study to enter a trade
ALTERNATE BAT Details as below NSE:GRASIM XA - High (836.9) and Low (385.05) AB = .382 of XA BC = .5 of AB CD = 3.618 of bc (844.05) and 1.13 of XA (895.6) Do share your view and correct me if I'm wrong