Shark
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,
Will Bullish Shark lift ICICI BANK ? Hi All,
We have spotted a bullish harmonic shark pattern setup on 15 mins chart of ICICI Bank.
Trade levels highlighted on chart.
Trade levels
Entry @ 318.75
Targets- 321.9 - 323.9
Stop- 316.5
PS: If you like our ideas/analysis, please like/share them and keep us motivated. If you have any queries, please free to write them in comments. Thank you.
Trade with care.
Gulz.
Ambuja Cement : Return of Shark !After a long time the shark is returning in our trade setups but this is not solely based on shark on 15 mins, we get other supportive points also , Elliott counts & trendline break in Ambuja cement points downside, choose whatever you wish to. But always choose one & trade based on it, if you combine all this n choose , you will take trade in one setup & place stops based on other which is completely wrong. Stops should be placed according to the trade setup you chose.
Happy Trades !
BULLISH SHARK DONE IN TATA STEEL, NOW TURN FOR A BULLISH BAT ?Hi,
Thanks @razultull for spotting the patterns.
Intact there was a shark right behind the BAT & it would have been a juicy trade but we missed it.
So there is a bullish bat harmonic pattern is developing on 30 mins chart & the D leg of the BAT coincides with support trend line (green colour on chart). D leg completion is at 468.5 (PRZ).
The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's.
Stop loss would be placed below X leg structure support .
(When looking to take targets on the bullish Bat Setup the first step is to use your Fibonacci retracement tool. With your Fibonacci retracement tool draw from the A to D leg, you are looking for target 1 at the 38.20% and target 2 at the 61.80%.)
Target 1 - 483
Target 2- 492
To protect the profits you have accumulated at target 1 it is advised you move your stop loss to breakeven once the 38.20% target 1 has been attained, thus giving you a risk free trade to target 2.
Trade with care,
Gulz
Channel Breakout + Shark PatternGiven channel breakout on daily chart & about to re-test the trend line.
On the other hand, A Shark ( Harmonic Pattern ) is on the making & it may be a good trade if we can get it around 11.5 to 12 ( if price action supports).
Stop loss would be below the green zone & Targets shown in the chart.