There is global bloodbath in the market and we have bad news everyday, so talking about a reversal in this scenario seems insane, however there is a nicely formed Three Drives Pattern and every low of the price is associated with higher MACD values clearly showing divergence. Would it be able to reverse the price only time can tell. It is easy and advisable to...
I've observed Three Drives on the Top reversal pattern in the stock. One can take small risk by providing the SL of high of today. Disclaimer : All stock ideas and comments are my personnel view. please take financial consultancy for trading decision.
Stock has formed the pattern nicely one can observe the exactly same bar distance for 2nd and 3rd leg. This symmetry is very important for this harmonic pattern. One can buy the stock now expecting the pattern to work. Entry 27500 Sl 26500 Target 29170/31000 Disclaimer : All stock recommendations and comments are my personnel view please take financial...
The bullish three drives pattern offers a potential reversal point for a bearish market after forming three consecutive bottoms. The symmetry is very important for this pattern and its clearly visible in this case. Although the stock has already reacted from the third bottom but yesterday news based pull back could be used to enter the stock. Entry : 69.75 Stop...
Clearly divergence in MACD and RSI are telling the forthcoming weakness that too at the level of multiple resistance so one can take chance by shorting the stock. STOP LOSS Little above the recent high. Just to mention that divergence at the top are relatively tricky comparing to formed at bottom.
The stock has nicely formed bearish 3 Drive pattern. The last candle is Doji which shows indecision but need confirmation. One seeing the weakness it could be shorted with very small Stop Loss of just little above the recent high on closing basis. Mostly, this pattern rewards decently and that too in reasonable time.
The pattern is formed by 3 consecutive symmetrical valleys where price and time symmetry is the most important key. The stock has formed perfectly the aforesaid pattern. It is also showing the divergence which confirms of possibility of a reversal from this level. The pattern typically offers excellent risk/reward ratio therefore one can invest/Trade the pattern...
INFY is moving in a channel for a while, a nice Three drives pattern. Currently on the edge, awaiting a breakdown/reversal post results Notice the steep fall on the last leg compared to previous ones.
The Index has formed Harmonic 3 Drive Pattern at the top of the rally and clearly Showing RSI Divergence showing weakness in the coming days. One can short it with appropriate stop loss. As mentioned in my earlier post that Divergence made at the top are little tricky compared to the one formed at the bottom. Good Luck
Three drive pattern found in Glenmark. Go long with SL 840 for a target between 915-918
Beautiful 3 Drive pattern is developing in the stock so get ready to take advantage it. Short the stock on first sign of weakness by providing the suitable Stop Loss and enjoy the ride till the price range 345 - 341.
The stock is nicely formed 3 Drive pattern so it may bring halt to the ongoing uptrend. Today's Bearish Engulfing and RSI reading are also confirming the short trade. One can short the stock with appropriate Stop Loss.
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...