Tata Elxsi has outperformed its peers over the year. Everyone's looking for the right entry to buy the stock. Now's the chance to buy the stock if at all it reaches the PRZ/demand zone mentioned on the chart. The stock may exhibit the XABCD bullish shark pattern, which is completed only if the price reaches the mentioned demand zone. Buy in the demand zone and...
Reliance Industries are out tomorrow. The stock has fallen more than 3% to test the potential reversal zone of the harmonic pattern XABCD or the demand zone. As we can see, in the last hour price has bounced off the zone with good volumes. The price has to stay above this zone or else it could test 2500 or even lower by the long unwinding. If sustained above the...
ICICI bank's price has been forming a rising wedge pattern which has got broken today. According to the height of the pole and XABCD bullish shark pattern, the target is set at 647. The trade setup is to buy ICICI when it reaches 647 or short if there's a pullback to confirm the fall. The stoploss here is to place at C according to both the patterns, which is...
Looks like Bullish Divergence . Also a Bullish Shark pattern spotted . Not a trade recommendation not for Learning Purpose.
FCL gave a multi-year breakout, buying on the dip is advised up to 106. 106 level is an important support level to hold. The targets are mentioned on the chart. The XABCD bearish shark pattern gives the target of 218. Stop-loss as per your risk appetite. Happy trading :) This is just for educational purposes.
As per harmonic pattern hourly timeframe is showing bearish shark trade idea is already shared with risk reward ratio of 1:2 best of luck
Nifty is currently trading at the potential reversal zone formed by the XABCD bearish Shark pattern. If the marked trendline is broken after the price gets rejected from the PRZ, short Nifty and target zone would be the 0.5-0.618 fib retracement zone of CD swing. The stop loss must be strictly followed, above this level ( 17266), shorts are going to be...
Yesterday Nifty Realty rose 5% breaking out its past swing high. The targets are mentioned on the chart where the profit booking can be done. Entry on a pullback will give better risk-reward but anyways if you are already in a long position better watch out for the target levels. We shall discuss the underlying stocks which are showing similar behavior.
Bank nifty is at 36100. If the 36100 price barrier is taken out then a huge short covering could trigger the index's price. Go long above 36100. Book profits at the supply zone. If the price breaks the supply zone, then aim for the 36450 price level. Stoploss if the price closes below 35910. Happy trading. :) This is not an investment idea. Please consult...
Britannia's stock price has fallen after it reached the potential reversal zone or supply formed by the XABCD bearish shark pattern. The price took the correction until point C of the pattern which is an ideal ultimate target for the shorts who followed this pattern. Recently after the correction, it rose and broke out it volumes above the PRZ. Considering RSI...
AMC's stock price corrected drastically after reaching all-time highs. The bearish shark pattern correction seems to be completed and the hurdle is to break the trendline with huge volumes bouncing off of the demand zone. The idea is neutral because there is a chance for collapse also. The breakdown below the demand zone completes descending triangle pattern....
Bank nifty shows bullish run if it sustains above 35430. The first target area will be the supply zone and on breaking out the supply zone, trail profits until 36100. Be absolutely sure of level 35430 and wait for the pullback before proceeding. Price above this sets the target as point D of bearish shark pattern XABCD. Stoploss is placed on the previous swing...
Small caps 100 index has fallen nearly 11% reaching a decisive point in its fall. The price is currently resting on or near the daily timeframe's uptrend line (support). The RSI is also at 30.14, which indicates a over sold signal and we may see a bounce very soon. The potential reversal zone formed by ABCD pattern's 1.618 and 2 fib extension acts as a demand...
Banknifty has given a deep shark harmonic reversal. However, the speed of movement in the last leg was strong, hence shorting is not advisable. Hedging or unwinding longs can be done. A test of gap near 35300 can happen in next couple of days. Disclaimer: All investments and trading in the stock market involve risk. Any decisions to place trades in the...
The Bank Nifty is currently under trading zone or going through time correction after a long rally. It broke a uptrend line and failed pullback test. If the above mentioned Demand Zone is broken and succeeds to resist Bank Nifty to go above it, then short Bank Nifty. Profit booking can be done in the Buying Zone for short positions or longs can take a fresh...
Bullish Shark Pattern and Bat Pattern Formed in TATAMOTORS look like Reversal already Started. Targets levels on Charts and Stop loss should be below PRZ (Potential Reversal Zone).
NIFTY Sell Extreme Impulse Wave levels- E: 16378 - 16524 Extended Extreme Shark levels- E: 16438 - 16583
Shark Pattern Formed in JSWSTEEL. Price also reversed from PRZ (Potential Reversal Zone). Targets levels are on chart and Stop loss should be above PRZ.