NIFTY after the strong rally is finding hard near 50% of fibo swing and also near the PRZ of #CYPHER #HARMONIC pattern.
good ROR for short available.
SL 8475
Target1 8242/8107
I have below analysis on DLF.
1. We have nice ABCD reversal setup with 2.618 level retracement. So can expect some upside move from here. Gap down can change the possibilities.
2. We have potential Bullish Butterfly in the making on hourly chart. We are in the D leg. I will cover that part once we get some confirmation when D leg gets real extended towards...
Adaniports after the fall is now in the PRZ of BAT pattern. can be longed at current levels r at dips
Entry 288
SL 280.4
Target 1 294
Target 2 309
Reward min 6
Reward max 21
risk 7.6
ROR1 0.8
ROR2 2.8
Current level ROR is less than 1 so ROR players can wait for dips.
Nifty has formed the 3 drives pattern and try to reverse from this short time downtrend movement. Symmetry is the key to this pattern. Let's see how it works in coming days.
Nifty the collapse is currently seeing bounce from the PRZ of the harmonic pattern. Good ROR trade setup available
CMP 8611
SL 8475
Target 8764/8984/9050
Pattern name BAT
ROR min = 1.14
ROR max = 4.14
It has turned from a Bearish Harmonic Bat in Weekly time frame. Sustaining below today's low 1587 would open the path for 1550/1500/1400. It faces strong resistance now at 1625, view negates above 1660
It has made a bullish harmonic butterfly in daily time frame. It could retest 950/1025, above that a new high. View negates below 865. Stock is coming into derivatives from March Series onwards.
Hello & welcome to this analysis
S&P has entered into the PRZ of a Bullish Harmonic Gartley pattern.
A bounce/reversal could be expected as long as it does not breach below 4375
Regards
