Shark
Shark Pattern in Making Bearish Shark Pattern is being formed on the daily chart of RBL Bank . Leg XA, AB & BC is already formed and leg CD is in formation. expecting to move towards 670 level , before start of downward movement.
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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.
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With Warm Regards.
DSKF16.