Shark
Bearish Shark Pattern CD Leg to Complete for ReversalHello Traders. I have observed Bearish Shark Pattern in NSE:TCS Daily Time frame.
NSE:TCS is going to be bullish up to Potential Reversal Zone i.e. 3695-3750.
We'll have to see Buy trade till the price reaches this zone. Then Sell trade on Price action basis after reversal is confirmed.
High Volume Node levels have been plotted. They are synced with Monthly POC.
Keep Patience and trade with reversal or Breakout strategy near POC level.
Try to understand psychology of market.
If you like the idea, do not forget to support with a like and follow.
Above is purely my opinion. It doesn't mean that you need to trade accordingly. Please note that I'm not Sebi registered advisor or technical analyst. Trade on your own conviction and please consult your advisor before investing.
#supportandresistance #volumeprofileanalysis #stockmarketindia
NIFTY SHOWING NEGATIVE SIGNS! BEARISH SHARK PATTERNNifty opened the Muhurat session with a gap up of 100+ points but it must trade above 18000 for short-covering moves.
Near 17950-18000, there is a supply zone created by the shark pattern from where the price could take a dip or could take it by force to the upside for short-covering momentum.
Happy trading. :)
This is just for educational purposes.
MARUTI SUZUKI PRICE ACTION ANALYSIS. LONG IDEAMaruti's price has fallen significantly recently. This pattern is perfect to be called a Shark pattern. After a second impulse, the correction went too deep and is expected to be reversed from the PRZ.
This is XABCD bullish shark pattern has extensions 0.886-1.13 which form the potential reversal zone (PRZ).
We can also a downtrend line is broken, but for confirmation wait until the price breaks the supply zone. Any rejection from the supply zone might throw the price near the demand zone.
Buying from a PRZ gives us a high risk-reward ratio. The stop loss and target levels are mentioned on the chart.
Happy trading :)
This is just for educational purposes.
GLENMARK LIFE SCIENCES PRICE ACTION ANALYSIS AND TARGETSGLS has broken out the previous swing high and is showing bullish signs.
Go long above 707 and put your stop loss at 659.
Targets are mentioned on the chart using XABCD bearish shark pattern.
Happy trading :)
This is just for educational purposes.






















