Bank Nifty is forming a XABCD bullish bat pattern. This pattern gives us a demand zone or a potential reversal zone from where the downtrend may reverse.
Buy bank nifty between 39850-39550
Stoploss 39290, below this level we may witness long unwinding as well.
If the RSI crosses below 50, the fall could be quicker until 30.
Best setup: RSI 30-20 and the price...
Hero Motorcorp is at an important demand zone. If the price bounces off of this zone, then consider taking a long position.
However, due to bad results if the price manages to slip below the demand zone, then open a short position.
The XABCD Bat pattern is already activated, if the price manages to stay above the demand zone, then we could see target B...
A looks now has completed I had updated yesterday on 15 min chart that A has completed but if we seen in 60 min A now looks has completed
We may retrace upto 61.8% of A.
Harmonic PRZ is showing at 17700-17800 levels for longs.
If we are making ABC in zigzag then we may return from 18392.1 level and will correct till 17700-17800 levels.
its not a trade advice,...
Levels are given on chart. Watch for breakout and day close above breakout area.
Add more till 545 if there is any correction after position taken.
Disclaimer: This is educational purpose only.
Please share your thoughts in the comments section below.
1. Buy above BO 223
2. TARGET 270/300
3. SL 192
Watch for breakout and day close above breakout area.
Stock has given a good rally and now in consolidation for past few weeks.
Disclaimer: This is educational purpose only.
Please share your thoughts in the comments section below.
XABCD pattern is activated in #TV18 one can buy now (or wait for few days to retrace till B), RR in this trade is more then 1:2 for mid to long term.
targets: 60/75/86/95/107 & sl: 25
Spotting a potential bearish BAT pattern on the 4hr. Waiting for C to take us to D ~May 5.
This information is not intended to be financial advice. Please do your own due diligence. Thanks
Maruti has been retracing from its harmonic levels of 1.13 if sustained above these levels there might be an up move again.
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The best and safest level to buy is above 8200.00. SL must be below the previous immediate swing that is below 7240.0 levels.
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Calculate your RR ratio and trade.
PS: I am expecting a halt at these levles.
