Shark
Tata Motors - Bearish Shark @320-325 -Let us enjoy Motors's Ride18:11 Hrs 13th June 2018
Last Price@308.90
Let's have some up & down ride.
Look for a push upside to 320-325 zone where CD leg of the bearish shark completes once done & if Nifty Index is slippery -can't hold 10850's look to sell from 320- 325 zone once it starts falling below 320. Enjoy The Motors Ride & Do let me know your experience.
Trading Strategy
Plan 1 - Buy with strict stops below 305 from zone 307-308 - Target 1- 314 - Target 2 - 320 -325 Zone
Plan 2 - Buy above 314 - Target 1- 320-325 Zone
Plan 3 - Sell in the zone 320-325 -If you see index slippery as described above -
Downside Target 1- 314 - Target 2 - 305 -307 Zone - Target 3 - 300-302 -Target 4 - 295 -297
Unforgettable Update - Tighten your seat belt - are we falling!
Tata Global - on the way up again?Tata Global has been punished for its latest performance. It now may be time to go long.
Take a look at the various time frames in the charts...
Traded long ~ 242 (futures price)
Tata Motors -Turning Right in Block Hole - 350 to 357 & Down@348As suggested in the previous idea of Axis Bank - an update was mentioned about Tata Motors that we are looking for a upside push from 350 to 357 - Look Motors has turned close by from 357 (Actual-358.40) like a block hole delivery & taking the wicket.
Axis Bank Selling with bearish shark
Axis Bank- Sell with Bearish Shark@530-533 -Targets-515- 506-500Looking for weakness below 530-533 zone with shark harmonic structure having strict stops above 537 - We shall look for targets 515 -506 & 500 lows in 2-3 days trading session.
Trade probability shall be better, if it holds below 530-533 zone
Tata Motors - Can it be Hat trick with Bearish Harmonic from 425Last Price@421.50 - 25th Oct2017 15:25 Hrs
As suggested last night - had bullish harmonic & got the move from 415 to 423 & prior to that from 434-438 to 416 - can it be hatrick from 425 to 410 - Let us wait & watch.
Any move above 427 - invalidates the pattern.
Bullish Harmonic from 415-416 to 423-425 - Why I closed the update at 423-425
Incomplete H&S with Right Shoulder & Fall to 410
Nifty- Bullish Harmonic- Important Reversal Zone 9700-9725Nifty Turns from 9700-9725 - Look at past trading sessions -nifty halted in the zone 9700-9710. If Nifty holds this zone we can look Nifty to push intraday for 9790-9850- if extends upside then 9890-9920
When resistance turns its role into support which is the current case we call the zone as "polarity zone" & level as "polarity level" - useful for guys who are doing their CMT Exams.
But be careful of geo political tensions between America & North Korea.
DRREDDY: Looks Good in Weekly, Witnessing Strong Reversal.DRREDDY: Looks Good in Weekly, Witnessing Strong Reversal.
Possibility of Point "C" Completed as to form Bearish SHARK .
as C = FIB R 1.625 of XA , IDEAL is FIB R 1.618
Go LONG @ 2160 (LTP at 12.58 pm)
TARGET (Intraday): @ 2184, @ 2191, @ 2214, @ 2221, @ 2231 - @ 2240(HZ), @ 2261+
TARGET (Positional): @ 2279, @ 2347, @ 2385 , @ 2409, @ 2447 - @ 2475 (HZ), @ 2548 +
More Short to Medium Term plotted on Chart.
More Accumulate: @ 2142 - @ 2130
More Updates Later (including DAILY CHART)
Strategy for OPTION:
LONG 2150CE @ 80.05 + SHORT 2300CE: @ 28.30
RISK: @ 10440/+, Reward: 19560/=
RISK REWARD RATIO: Below 0.6
For more: On Query.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
LIKE / Comment /Share, If useful & enriched your knowledge.
With Warm Regards.
DSKF16.
PNB - Can Triangle be the mother of shark- 159 to 149-146Hardly moved from our target zone of 157-158 as expected in last update. The way it has moved since our target achieved -we think some thing is left downside.
So, here comes shark after triangle or triangle - the mother of shark
Holding below 160 levels as bulls can come back sharply above that level. PNB can complete the shark pattern's final leg in the zone 148.50- 149.50 & if extends downside then can test 145-146 zone which is the second permitted extension 113% for shark.
Target Zone -148.50-149.50
Target Extension - 145-146
Note
This move is valid till the time PNB stays below 160 level- Above 160 level - Bulls will show their power or we complete the shark in 145-149 zone & Boom Next
Previous Update - The Zone of 154-155- Fevicol ka jod hai
Is Bearish SHARK & SUP.from Parallel Channel UP Lift TATAMTRDVR?TATAMTRDVR: Ready to UP move.
Support from Parallel Channel & Harmonic Bearish SHARK (last Leg in Progress).
Bearish SHARK (N) : Projected "D" = @ 286.30
Bearish SHARK (N) : Projected "D1" = @ 293.2
Go LONG: LCP => @ 260.45 (+0.5% to -0.5%)
TARGET: Plotted on chart.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
LIKE / Comment /Share, If useful & enriched your knowledge.
With warm regards.
DSKF16.
Bull Shark pattern on NiftyBull Shark pattern on Nifty (spot) but the price not yet fill the pattern so need to wait for completion of the pattern. Once the pattern get filled then bull shark will take over the price to upside. I am expecting to fall up to 9550 and pattern also get filled. This pattern gives you the signal to buy(long) only.
Levels of Nifty (Long)
Level to enter - 9562
Level 1 - 9596
Level 2 - 9637
Level 3 - 9660
Note : The price either may fill the pattern nor run away from the pattern in between.
BPCL - Bullish Shark Pattern Formation (Scenarios)It is been observed on Daily chart that the price action is forming a harmonic ratio pattern called Bullish Shark Pattern. Now, I have shown two scenarios of the same chart where we can see retracement as per the chart measurments and pattern.
Retracement 1 (88.6%) - can been seen near 640 levels and Retracement 2 (1.13%) can be seen at 615 levels.
It is for the purpose to see how the pattern unfolds.
Incase, if you have traded Shark Pattern before, then share your experience below in order to learn from your experience.
Thanks,