I would short the stock tomorrow opening with SL of 88.50(Closing basis) and expect a target of around 80 and framing the trade with the following reason : 1. The stock is showing good frequency around the lines. 2. it is having 2 Drives and Wolfe wave developed confirming a potential reversal. 3. MACD is showing Divergence & Stop loss is affordable to me so looks...
3 Drives Reversal pattern offers entry to go long in the stock for a target of around 80. One can adjust the stop loss suitably as per his trading style.
Beautiful Harmonic 3 Drive Pattern Reversal offers good opportunity to short the stock at current level. Mostly the pattern works and rewards with reasonable profit. Good Luck
Axis Bank may see a down move from this level as the aforesaid pattern seems to be taking shape.
Nifty has formed the 3 drives pattern and try to reverse from this short time downtrend movement. Symmetry is the key to this pattern. Let's see how it works in coming days.
The chart has made a Cup with handle pattern but getting overhead resistance before reached the target. It has also formed beautiful triple drive on the top pattern and bearish engulfing in the last bar, therefore I would recommend to short it at current level with stop loss just at the high made a bar ago(on closing basis). With little bearish strength it could...