follow
Recently real estate companies have shown strength. accumulation can be seen clearly in this script on daily TF. Most conservative tgt is 155 but this script may trap longs by forming a fake red maribozu candle. Either wait for that dip to enter or enter now with your SL and my Tgt. Have a safe trading week. PS: Nifty is all set to touch 9500, but before that...
Nifty arrived near destination.... There is gap in previous chart (yelllow box).. if nifty want to go more up then previous swing high (10161) it should break first and fall down to 9400.. then it can go.. else it should come down from here.. as per harmonic pattern AB= CD.
PREVIOUSLY I HAVE ALWAYS USED HARMONIC PATTERNS FOR FIBONACCI RETRACEMENTS BUT NOW I USED HORIZONTAL ONE NOW CURRENTLY IT IS AT 38.2 LEVEL PLUS FOR NOW IT IS REJECTED FROM MOVING AVERAGE 8 AND MAKING TAIL UPSIDE ALREADY BUT IT IS WEEKLY CANDLE IT WILL TAKE DAYS TO BE COMPLETED BUY ABOVE EMA 8 ONLY FOR LAST TARGET OF 9942 I REPEAT #LAST DURING this level @ 50 %...
Disclaimer ----------------------------- All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an...
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for entry setup, if available then Long/short. R:R is 5-8 times.
FOLLOW
FOLLOW TRADE AT YOUR OWN RISK
1.618 LEVEL IS CURRENT SUPPORT BUT IT WILL BE BREACHED BELOW 3962 THEN NEXT LEVEL IS 2.24 HARMONIC
.618 HARMONIC LEVEL OF SHARK AND CD LEG OF AB=CD BOTH COMPLETES APPROX NEAR 1561 SELL BELOW 1834 ONLY