Bullish AB=CD harmonic pattern on 1 hr chart. PRZ 823-821 sl 809 for 830-840
Bearish Alt Shark Harmonic on the 4 hour chart. RSI also appears to be confirming a downside move. We can expect targets of 76.6, 73.8 & 71. SL: 87
It has been observed that a 2 potential harmonic patterns are emerging on the Spot gold Chart indicating a strong bullish zone at 1225-1226 region. Long at 1225.87-1126.25 Stop : 1222.88 Target : 1230.18
Prices are close to PRZ (potential reversal zone) as per harmonic pattern analysis.
Tata Steel has now started its downward movement as confirmed by the Harmonic pattern. We can expect the following targets: T1: 435 T2: 430 SL: 473
* Bearish Harmonic * Negative Divergence on RSI
Bearish Harmonic Crab - Sell with SL of 248
* Bearish Harmonic would trigger around 8,085 (+/- 10pts) levels * 200DMA @ 8,102 * Overbought Stochastic > The formation negates above 8,135
* Bullish Harmonic > Longs around 430-436 zone > View negates on a close below 410
Bearish Bat Harmonic Pattern in NTPC. Target Price 1 - 153 Target Price 2 - 141 SL - 170 Entry 164
Tatamotors hourly chart suggests potential Bearish Butterfly Harmonic pattern setup. We are currently in the D leg. If the setup is correct we can wait for the reversal sign between 480 - 490. That will be good trading opportunity for creating the short's position.
We have potential Bearish Bat Harmonic setup. Expected reversal area from 282 - 284 level. Pattern invalidates above 284. Target can be expected around 278.
* Channel Support * Bullish Harmonic * Oversold RSI *View negates on a close below 600
We are into D leg of Bullish Harmonic pattern. Potential reversal zone 510 - 500 . Kindly confirm the reversal before initiating the trade.
* Bearish Harmonic * Overbought RSI
ITC Formed Bullish Shark Harmonic Pattern. Entered Long at 237.5. SL of 230. Target 1 - 252 (61.8% retracement of leg CD) Target 2 - 273 (1.272% retracement of leg CD) Sl -230 - Point X